Decimal odds explained

Decimal odds can NEVER be less thanas that would mean that you would lose money if you bet! For instance, if the decimal odds for an event wasyou. Decimal odds use a decimal format to display the stakes and are usually utilised for a quick view of the probability of decimal odds explained event. Decimal odds also make it. Here's one simple rule of decimal odds: the lower the value, the greater the probability. So if one event has odds of and another has odds ofthe one. As opposed to American odds which are based on a $ bet, decimal odds just give you the total return (risk included) for every $1 wagered.

Understanding Decimal Odds

Are higher decimal odds better? The break-even odds for decimal are 2.0, as these odds will simply double your stake. Decimal odds below 2.0 are less than even money odds, meaning the potential return will be less than your stake. Odds above 2.0 are positive odds, meaning your potential return will be more than your stake.

What does 2.00 odds mean? Let's return to the coin toss example, in which the odds for heads and tails are both even money or 1/1 (fractional) or 2.0 (decimal), meaning that a £1 stake will return £2 (£1 profit plus the £1 stake). In American or moneyline odds the heads and tails outcomes would be expressed as -100 or +100.

How do you calculate decimal odds? How do you convert American odds to decimal? If the American odds are positive the formula is as follows: (American odds / 100) + 1 = decimal odds. If the American odds are negative, the formula is as follows: (100 / American odds) + 1 = decimal odds.

What is an example of a decimal odds? For example, 2.5 decimal odds would become +150 – (2.5 – 1) * 100. As you can see, 1 + (150/100) = 2.5 and we are back at 2.5. For decimal odds of 1.5, it would be (-100) / (1.5-1) which equals -200, so the American odds are -200.

What do 9 to 2 odds mean? In the case of 9-2 odds, this means that, for every $2 bet, you would win about $9 and get $11 back (maybe some change, too). To figure out your approximate payoff when the odds are 9-2, 7-2, 5-2,3-2 or 1- 2, simply add the two numbers and you'll know your $2 payoff.

What is 2 to 1 in decimal odds? With 2/1 odds in decimal, you get 2 divided by 1 to get 1, add on 1.00, and you have decimal odds of 2.00.

Decimal Odds in Sports Betting, Explained

In this matchup, there is a big difference between the two odds, indicating a much higher probability of the Chiefs winning the game. Often the odds are much closer. Fractional odds aka "British odds," "U. Let's posit that the following are the odds on the three teams most likely to win the NBA Championship:. It can quickly be determined that the Brooklyn Nets are the favorites, while the perceived odds of Golden State or Milwaukee winning are longer.

Decimal odds aka "European odds," "digital odds," or "continental odds" are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to work with and understand. The favorites and underdogs can be spotted instantaneously by looking at the numbers.

In other words, your stake is already included in the decimal number no need to add back your stake , which makes the calculation easier. Let's look at an example involving who might have won the U. Suppose the decimal odds were:. Here we can see that the bookmaker correctly priced Biden as the favorite to win the election. The higher the total payout i. Simply put, the greater the odds against a team, the larger the payout will be for anyone who bets on it.

You stand to make more money on positive odds, but the chances of a win are lower. Vegas odds aka "Las Vegas odds" are a form of American money line odds used in sportsbooks. They can include a point spread representing the expected margin of victory. This allows bettors to wager not only on the winner but over or under the bookmaker's predicted point spread.

American, British, and European odds are three different ways of expressing the same thing and can be converted from one to another. Decimal odds explained By understanding all three and how they work, you'll increase your own odds of placing well-informed if not always successful bets. If you or someone you know has a gambling disorder, please call the National Problem Gambling Helpline at , or visit ncpgambling.

These two systems are similar. In fractional odds , you multiply the fraction shown by the amount of your bet to show the profit a winning bet would collect. Decimal odds vary in that they show an amount that includes the original bet. Anything between 1 and 2 is a favorite bet and 2 is an even money bet.

These are more commonly used outside the United States when the fractions used in fractional odds get a bit ugly. The decimal odds would be listed at 1. This is a case where decimal odds can be better. Decimal odds work well with three-way lines in soccer because the numbers will make small moves that would be ugly in fractions and can be more confusing in American odds.

The three-way line gets its name from the fact that there are three possible outcomes in a soccer match: a home team win, a draw or an away team win. A Real Madrid win is 2. Frankly, the fractional odds for a draw or a Chelsea win are useless in this scenario. If there was a minus odds bet the math would get more complicated, while it remains consistent for both fractional and decimal odds.

Just remember that decimal odds include the original wager, while fractional and American odds do not. If you bet outside the U. They are also probably the easiest to quickly understand. Fractional odds basically describe the winnings from a theoretical stake. Fractional odds can sometimes be confusing as the calculation can produce very large numbers.

For example, where the decimal odds are 1. In addition, fractional odds can be confusing when the probability is very high. For example, when decimal odds fall below 2, the fractional equivalent suddenly takes a different appearance as the second number becomes larger than the first number. Moneyline odds also known as US or American odds are used by bookmakers in America.

The odds are presented in either a negative or positive format depending on the probability. Moneyline odds are used by bookies in America. In a sporting event involving two teams, the underdog always has a positive moneyline. In a sporting event involving two teams, the favourite always has a negative moneyline.