The fractional odds calculator takes times in a row…, times in a row…, stake, chances for success, chances against success and one way and returns american (moneyline odds), prob. of winning x times in a row and prob. of losing x times in a row. It is built for quick answers, for checking somebody else’s arithmetic, and for the moments when a formula book is not within reach.
What Is the Fractional Odds Calculator?
The fractional odds calculator turns a set of measurements into american (moneyline odds), prob. of winning x times in a row and prob. of losing x times in a row, with the uncertainty made explicit rather than left implied.
Statistics is easy to quote badly. A figure without its spread tells the reader far less than they assume it does, and this calculator puts both together.
How the Fractional Odds Is Calculated
The calculation uses the standard relationship for this kind of estimate, applied to the figures you supply. The intermediate steps are exposed so you can see how much of the answer comes from each one.
Sample size matters more than most people expect. Doubling the number of observations improves the precision by a factor of about one and a half, not two.
What the Result Does and Does Not Tell You
A result describes the data you gave it. It does not tell you whether the sample was representative, whether the method was appropriate, or whether there is a confound in the way the figures were collected.
Report the result together with its uncertainty. A number on its own is much easier to misread than a number with a range attached.
A Worked Example
Working through an example, with times in a row... set to 10, times in a row... set to 5, stake set to 2, the calculator returns probability of winning of 0.91, and probability of losing of 0.09, and decimal odds of 1.1. Substitute your own figures and the same steps produce the same kind of answer.
Frequently Asked Questions
What do I need to work out american (moneyline odds)?
Enter times in a row..., times in a row..., stake, chances for success, chances against success and one way. The calculator then works through the relationship and reports american (moneyline odds), prob. of winning x times in a row and prob. of losing x times in a row.
What does the fractional odds actually calculate?
It takes times in a row..., times in a row..., stake, chances for success, chances against success and one way and converts them into american (moneyline odds), prob. of winning x times in a row and prob. of losing x times in a row using the standard relationship for this problem. Each step is applied in turn, so every output is traceable back to the numbers you typed in.
How should I enter times in a row...?
Use the value you actually have, in the unit shown next to the field. Enter every value in the same unit system. The calculator assumes the figures you supply are consistent, so it cannot correct a mistake that happens before the calculation starts.
Does anything you type get stored?
No. The whole calculation runs inside your browser, and nothing you enter is uploaded, logged or sent anywhere.
Is the answer exact?
It is as exact as the formula and the inputs allow. The method itself is the standard one for this problem, so the only sources of error are the figures you enter and the precision you ask for.