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Be sure to enter the minus sign - if applicable to your odds. Decimal Odds? Decimal odds are displayed as a number greater than one, usually with up to two decimal points 1. Error Total Payout? This is the amount you will receive if you win your bet original wager amount plus profit. More betting tools: Parlay Calculator Understanding betting odds The way sports betting odds are presented can differ between American, Fractional, and Decimal. While they all mean the same thing, understanding how they work with your wager can be tricky.

Use our betting odds and moneyline calculator tool above to convert these odds and learn more about them below. Bets with higher implied probability are given a higher negative value. Bets with lower implied probability are given a positive value. Decimal odds explained Decimal odds are the preferred variation for most countries outside of the U. Instead of using positive and negative values or fractional equations, decimal odds display a simple value that you multiply your bet amount by to calculate your profit money won and overall return profit and original risk amount.

Fractional odds explained Fractional odds are most common in horse racing and futures markets. You can also define your odds conversion to a specific bet amount to see your expected profit if that wager should win. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out.

Betting Example To make all this information slightly easier to understand, here is a quick example of a bet on a football match. If you were backing Arsenal to beat Liverpool you might see the odds of that outcome at 4. You can also use our bet calculator to help you calculate winnings. Traditionally, fractional odds have been used in the UK, especially at racecourses and on the high street.

There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Glorious Goodwood or Cheltenham, all the odds would be displayed as fractional odds. The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake.

The transition from fractional odds to decimals largely kicked off with the growing popularity of betting exchanges such Unibet and Ladbrokes. These are hard to compute for the punter and are not a great way of showing betting odds explained. But sometimes you might need to convert them to understand.

Our odds converter tool will allow you see odds in whatever format you like. In Summary Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. Hopefully, that is betting odds explained.

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