Convert betting odds between fractional, decimal and American formats — and calculate implied probability and potential payout.
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Fractional odds (UK): numerator/denominator — profit/stake. Decimal (European): total return per £1 staked (includes stake). American: +500 means profit £500 per £100 stake; −200 means stake £200 to profit £100. Implied probability = 1/decimal odds × 100. All formats carry the same information — just presented differently.