Betting odds represent the probability of an event happening and determine how much money you can win. Understanding them is crucial for informed betting decisions.
Types of Odds:
- Fractional: Common in the UK, displayed as ‘5/1’, indicating potential profit relative to your stake.
- Decimal: Popular in Europe, shown as ‘6.00’, combining your stake and profit.
- American: Used in the US, with positive (e.g., +500) or negative (e.g., -200) values showing profit per $100 or stake needed to win $100.
Calculating Winnings:
- Fractional: Divide numerator by denominator, then multiply by stake.
- Decimal: Multiply decimal value by stake.
- American: For positive odds, divide by 100 and multiply by stake; for negative, divide 100 by odds and multiply by stake.
Bet smarter by understanding these basics!
