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
