For sparse graphs, the odd cycle polytope can be used to compute useful bounds for the maximum stable set problem quickly. Yannakakis introduced an extended formulation for the odd cycle inequalities of the stable set polytope in 1991, which provides a direct way to optimize over the odd cycle polytope in polynomial time, although there can exist exponentially many odd cycles in given graphs in general. We present another extended formulation for the odd cycle polytope that uses less variables and inequalities than Yannakakis’ formulation. Moreover, we compare the running time of both formulations as relaxations of the maximum stable set problem in a computational study.