We use American style (-500), but you can choose Fractional (1/5) or Decimal (1.20). Under Odds Type, pick your odds style. Input your first wager in the Bet #1 slot. With decimal odds, a 2.00 price represents an EVEN line and that’s equivalent to +100 American odds and a 1/1 Fractional line. Any side with a price of 2.01 or higher is a favorite while odds of. Decimal odds are displayed in decimal format and the total return includes the bet stake and the winnings. Decimal odds are the most popular type of betting odds used in Australia, New Zealand, Europe and Canada. Most UK bookmakers use fractional odds. Benefits of decimal odds.
Decimal odds are the most common way online bookmakers present their odds to customers. Decimal odds are often called European odds, as they are most commonly used by sports bettors in Europe, Australia, and Canada. They are simple to understand, making them a favorite across the world for bookmakers and sports bettors.
Understanding Decimal Odds
Decimal odds take two seconds to calculate, they are simply your stake multiplied by the odds, which then equals your payout. A simple formula for decimal odds is:
Your Stake x Odds = Payout
Let’s look at a few examples.
Say you are backing Manchester United and Man U’s decimal odds to win are 1.82, if you wagered $100 your potential return on your bet would be $182. Remember that this counts your original stake of 100 dollars, so your net profit on a winning bet would be $82. The math looks like this:
Decimal Odds Chart
Original Bet 100 x Decimal Odds 1.82 = Your Potential Winnings $182
Your potential net profit is $82, a stake of $100 and $82 in winnings. Let’s look at another example.
You are backing Tottenham, a big underdog in their match for $100 at 2.75 decimal odds. The math for your bet looks like this:
100 x 2.75 = 275
You are risking $100 to win $275 with the potential for a $175 net profit.
Just remember that when using decimal odds, your original stake is calculated into your potential winnings. When determining your potential net profit, always remember to account for your original stake.
The breakeven odds for decimal odds betting are 2.0, as these odds will simply double your stake. Decimal odds below 2.0 are less than even money odds, the potential return will be less than your stake. Odds above 2.0 will be plus odds, meaning your potential return will be more than your stake.
Decimal Odds To Probability
Decimal odds are also the most economical way to bet parlays, because the true odds will be calculated. Unlike traditional parlays which are calculated by the number of teams, parlays bets placed with decimal odds with give sports bettors the fairest and most accurate odds, maximizing their edge, so keep this in mind when using the best betting sites.
Conclusion
Decimal odds are the most widely used odds across continental Europe and continue to spread to other parts of the world. It is imperative for the modern day sports bettor to understand decimal odds, as they are used at many online books and betting exchanges.
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Decimal Odds Explained
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