Betting odds are the estimated probabilities of a particular outcome occurring.
This is a beginners guide to betting odds.
There are two main types of odds formats: Decimal and Fractional.
Decimal Odds (1.82, 3.41, 11.00, etc.)
Multiply the amount you want to bet, i.e. £1 by the odds offered, i.e. 1.82 = this returns £1.82 including the original £1 stake.
Fractional Odds (4/1, 5/2, 10/1, etc.)
If you place a bet of £1 at 10/1 and win you will receive £10 and your £1 stake, so you will receive £11 back.
How To Convert Fractional Odds To Decimal And Vice Versa
Betting exchanges use decimal odds and Bookmakers allows users to choose their preferred format
To convert odds from one format to another, use the following formula.
Use the following formula to convert fractional odds to decimal odds:
X/Y + 1
Example: 10/1 + 1 = 11.00
To convert decimal odds to fractional odds
Example:
Fractional to decimal only requires two steps – addition then division.
Add the first number (numerator) to the second number (denominator) then divide by the denominator.
Example
9/4 into decimal odds is.
9 add 4 = 13
13 divided by 4 = 3.25
7/2 in decimals is.
7 add 2 = 9
9 divided by 2 = 4.50
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