How Do Odds Work in Betting: A Quick Overview

Understanding how odds work in betting is crucial for both amateur and seasoned bettors. Odds indicate the probability of a particular outcome and determine the potential payout.

Types of Odds

  • Decimal Odds: Common in Europe, simply multiply your stake by the decimal number.
  • Fractional Odds: Popular in the UK, represented as fractions (e.g., 5/1 means you win $5 for every $1 wagered).
  • Moneyline Odds: Used in the US, show positive or negative figures (e.g., +200 means you win $200 on a $100 bet, -150 means you need to bet $150 to win $100).

Calculating Payouts

To estimate potential earnings, use the following formulas:

  • Decimal: Stake x Decimal Odds = Total Payout
  • Fractional: (Stake x Numerator) / Denominator + Stake = Total Payout
  • Moneyline: Positive – (Stake x (Odds/100)) + Stake = Total Payout, Negative – (Stake / (Odds/100)) + Stake = Total Payout

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