Here we will show you how to convert minus 1240 American odds to fractional odds, which is the same as converting -1240 Moneyline odds to fractional odds.
To convert -1240 American odds to fractional odds, we turn the American odds into a fraction by making the numerator -100 and the denominator -1240. Then we simplify if necessary, like this:
-100/-1240
-100/-1240 = 5/62
-1240 American odds = 5/62 fractional odds
That's all there is to it. Now you know that -1240 American odds is the same as 5/62 fractional odds. These odds give an implied probability of about 92.54 percent, and a one dollar bet will result in a payout of $1.08 if you win.
American Odds to Fractional Odds Converter
You can use the form below to convert another American odds to fractional odds.
-1241 American odds to fractional odds
Here is another American odds to fractional odds conversion that we have done for you.