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Betting odds explained decimal to fraction

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Check it out. If that number is 1. Now, let us explain the betting odds to you so that the next time you are at a sportsbook, you will know what you are doing. One of the purposes of odds in sports betting is to show how likely a particular outcome is to occur. If the outcome is very likely to happen, the odds are as low as they can be, and vice versa. Hence, if you are betting on a team that has bigger chances of winning than the other one, and they win, you will gain a very small profit, as opposed to what you could get if you bet on the team which is less likely to win.

Now, the other purpose of odds is to determine how much you will get if your wager wins. You should be able to view the odds of a bookmaker at the moment of placing your bet. Lower odds mean lower payouts and greater chances of winning, whereas higher odds mean higher payouts and less chance of winning. Now, we cannot explain the betting odds in detail without talking about odds formats. The reason as to why you need to be familiar with them all is that at some point you will have to deal with them in some form.

The good news is, they have the same functions and mean the same thing, it is just that they are expressed in different ways. We will give you detailed information about each format, including how to read betting odds. This is the most common odds format, which used to be common in Australia, Canada and Europe in the past. However, lately more and more bookmakers have adopted this format , as a result of which it has become the norm.

An exception to this is some betting sites in the USA. The reason decimal odds format has established itself as the standard is that it is displayed as a single number, which is positive. The number expresses how much money you will receive for guessing the correct outcome and includes the original stake. For instance, if you make a stake at odds of 1.

If you make a stake at odds of 2. As far as decimal odds are concerned, an even money stake is displayed as 2. We shall now move on to the next odds format. Moneyline odds are more often than not used in the States, which is why they are often referred to as American odds.

So, if you encounter the term American odds, do not worry, this is not a new odds format you are not familiar with. It is the same as moneyline odds. Read more about how to bet with moneyline. What is typical of these odds is that they are expressed in a negative or positive number.

This odds format used to be the standard in the United Kingdom. However, understanding betting odds of this kind is not easy. As you will see, it is not as straightforward as decimal odds, which is probably the reason why the latter are taking over the British Islands. For your peace of mind, we shall say that the format is not as complicated as it appears to be.

With a little practice, you will get things right eventually. Normally, the format is expressed as a fraction. It serves to show that you can win five units for each unit you stake. So far, so good. This does not look so complicated yet. Now, that makes things a little complicated. As a whole, this means that per every unit you stake, you will get 1. What it means is that the potential winnings will be much bigger than the amount of money you need to stake.

Overall, this is the same as positive moneyline odds. Basically, it is the same as negative moneyline odds. How is this expressed in numbers and pronounced? As it suggests, every seven units you stake will get you four units. You are probably wondering how to convert odds so that you can use them in your desired odds format in case they are displayed in a format you are not well acquainted with. No worries.

You do not have to make complicated calculations. Should you wish to convert fractional odds to decimal odds though, this can be done by:. Fractional odds can make it a little tricky when trying to work out your return and profit. As a punter is unlikely to stake the exact number on the right-hand side of the fraction — or a multiple of that number — it takes a bit more effort to work out your winnings. Calculating return manually can be done though using the formula below:. Should you wish to convert fractional odds to decimal odds though, this can be done by: 1 Dividing the left-hand side of the fraction by the right-hand side, e.

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These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance percentage probability of an event occurring can be converted and presented in any of the aforementioned types of odds. Therefore, the total potential return on a stake can be stated as:. For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.

The favorites and underdogs can be spotted instantaneously by looking at the numbers. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number no need to add back your stake , which makes its total payout calculation easier. The total potential return on a stake can be calculated as:.

For instance, one of the renowned betting websites priced the candidates to win the U. Presidential Election. Donald Trump: 4. The higher the total payout i. In both cases, you get your initial wager back, in addition to the amount won.

The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament. If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well.

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Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. Odds Converter. Enter Your Odds Converts Automatically. Featured reviews Ladbrokes Review Virgin Bet Review Betfred Review BetVictor Review William Hill Review About Us To know more about our writers and our ranking method you can learn more about MyBettingSites.

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It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats. The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts.

This means that a chance percentage probability of an event occurring can be converted and presented in any of the aforementioned types of odds. Therefore, the total potential return on a stake can be stated as:. For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the NBA Championship.

Below is a selection of the three teams that had the lowest odds of winning. The favorites and underdogs can be spotted instantaneously by looking at the numbers. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number no need to add back your stake , which makes its total payout calculation easier.

The total potential return on a stake can be calculated as:. For instance, one of the renowned betting websites priced the candidates to win the U. Presidential Election. Donald Trump: 4. The higher the total payout i. In both cases, you get your initial wager back, in addition to the amount won. The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases.

In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament. If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Trading Psychology. Convert a fraction odd into a decimal odd by dividing the first number the numerator , by the second number the denominator , and adding 1.

Divide 6 by 5. This equals 1. Add 1, and you had the decimal 2. There are two steps to convert decimal odds into a fraction. Example: 3. This creates the decimal odds of 2. While this is a perfectly good fraction, bookmakers never use numbers with decimal points in fractionals. That is why we need step two. Step 2 We now need to turn this fraction into its most simple form. Divide the second number denominator by the total of the first number numerator and second number denominator. After entering the type of odds your dealing with fractional, decimal, american or implied probability and the other corresponding bet types will be instantly and accurately calculated.

Using the Odd Converter can allow you to relate to any odds you find on any betting site by converting it to the odd type you are familiar with. Odds Conversion applies to all sports, events and markets. To know more about our writers and our ranking method you can learn more about MyBettingSites. We have a Privacy Policy and Cookie Policy. By continuing to use this site, you are providing consent to it. We try hard to make sure that the site is up to date at all times. However, sometimes things happen beyond our control.

Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet.

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Add 1, and you had the decimal 2. There are two steps to convert decimal odds into a fraction. Example: 3. This creates the decimal odds of 2. While this is a perfectly good fraction, bookmakers never use numbers with decimal points in fractionals. That is why we need step two.

Step 2 We now need to turn this fraction into its most simple form. Divide the second number denominator by the total of the first number numerator and second number denominator. After entering the type of odds your dealing with fractional, decimal, american or implied probability and the other corresponding bet types will be instantly and accurately calculated. Using the Odd Converter can allow you to relate to any odds you find on any betting site by converting it to the odd type you are familiar with.

Odds Conversion applies to all sports, events and markets. To know more about our writers and our ranking method you can learn more about MyBettingSites. We have a Privacy Policy and Cookie Policy. By continuing to use this site, you are providing consent to it.

We try hard to make sure that the site is up to date at all times. However, sometimes things happen beyond our control. Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet. Don't gamble unless you know the facts.

Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. Fractional odds can make it a little tricky when trying to work out your return and profit. As a punter is unlikely to stake the exact number on the right-hand side of the fraction — or a multiple of that number — it takes a bit more effort to work out your winnings. Calculating return manually can be done though using the formula below:. Should you wish to convert fractional odds to decimal odds though, this can be done by: 1 Dividing the left-hand side of the fraction by the right-hand side, e.

Bet Now. Related Articles. Online Betting Guide. Maybe you want to know the difference between decimal and fr Asiabet is your answer. Our team have reviewed the best online cricket betting sites and created th