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Find out how to use fractional odds when betting using our easy examples. We also explain how to convert from fractional to decimal and other formats. India Bet betting expert George Oborne explains how odds work for online betting. He explains the difference between fractional and decimal odds. How To Convert Decimal Odds To Fractional There are two steps to convert decimal odds into a fraction. Step 1) Convert decimals odds into a fraction by subtracting 1, and using 1 as the denominator. Example: 3.40 – 1 = 2.40. Oct 15, 2020 Fractional Odds Fractional odd are seen as the traditional option in betting circles. If you log onto a betting website that is facing the UK or has a lot of UK players then they are highly likely to have fractional odds displayed as their default.

Fractional odds, also known as UK Odds are most often used in the United Kingdom and Ireland. Originally used in horse racing, fractional odds are one of the oldest forms of odds for sports gamblers. If you were to walk down London’s high street of bookmakers, you would see fractional odds adorning the walls of some the largest bookies in the world.

Fractional odds are extremely simple to calculate because well, they are given in fraction form. The denominator or 2nd number to the right is the amount bet and the numerator or 1st number on the left is the amount that your wager will yield. Let’s say you wager on Liverpool at 10 to 15 fractional odds. For every $150 wagered, your potential net profit would be $100. If you win, your original stake will also be returned to you, leaving you with $250 ($150 original wager + $100 profit) and a net of result of plus $100.

Liverpool 10/15: $150 to win $100 = $250

Let’s look at wagering on an underdog or high odds bet, where the odds are more in your favor. Say you join a new betting site and are placing a wager Newcastle United, the underdog at five-to-one fractional odds, if you were to bet $100 your potential return would be $600, a $500 profit and your original bet of $100 would be returned to you.

Newcastle United: 5/1: $100 to win $500 = $600

If you are wagering on an event where there is a definitive favorite and underdog, the odds of the favorite is often referred to as the “odds on” and the odds of the underdog as the “odds against.” If a bet is even money, the odds are not one-to-one due to the bookmaker’s juice or commission. In most cases, the odds will be 10 to 11, where the bettor risks $110 to win $100.

Fractional odds can also be attached to a point spread:

New York Giants -7 10/11
Philadelphia Eagles +7 10/11

The juice or commission on each bet here is fractional odds of 10 to 11, so you would need to wager 110 to win 100.

Converting Fractional Odds to Decimal Odds:

An easy way to convert fractional odds to decimal odds is to convert the fraction into decimal form and then add a 1. For example, 5/1 or five-to-one fractional odds would be 6.00 in decimal odds.

Fractional Odds List

5 / 1 = 5+1 = 6.00

Here is a conversion when you are wagering on a large favorite:

1 / 5 = 0.2+1 = 1.2

Conclusion

Fractional Odds Explained

Understanding fractional odds is especially important to UK bettors, but even those not normally using these odds can benefit from understanding them. Used by the world’s largest bookmakers, there is no doubt fractional odds are one of the preferred odds for sports bettors across the world.

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Fractional Odds Vs Decimal Odds

For everybody who's interested in sports betting or other sorts of gambling, it's vital to comprehend the odds and how they work. It's very difficult to become proficient at gambling with no deep comprehension of the kinds of betting chances, their formats, and methods of distributing them.
There are 3 chief varieties of gambling odds. All these are fractional odds, primarily utilized in the UK; decimal odds, mainly utilized in Europe; and money line odds, that is the favorite gaming format in the North American markets.
Al those kinds of odds are basically the exact same concerning payouts, though they pose a percent likelihood of the event in various formats. This percent probability may be converted and introduced in some of the three betting odds formats.
Fractional odds (usually seen as traditional) are widely utilized in the United Kingdom by British and Irish bookies. They are typically written with a'slash or even a'dash such as 4/1 or 4-1, also known as'four-to-one.'
A number of the planet's most influential sportsbooks favor utilizing fractional odds, which makes this format universally common.
A fractional peculiar of 4/1 designates a bettor wins $4 on each $1 wagered along with the first stake amount. As an example, if a person bets $4 in 4/1, the entire yield will be 20 ($16 profit $4 stake).
Therefore, the formula for calculating the overall possible return on a bet is:
Total Yield [wagered level x (numerator/denominator)] wagered amount
Whereas numerator/denominator designates the fractional chance, e.g. 4/7.
For instance, imagine that a few sportsbook feeds provide the next fractional listings of chances for futures to win NBA Tournament. The chances for three notable teams are declared as follows:

• Boston Celtics: 9/10
• LA Lakers: 7/3
• Chicago Bulls: 6/1

We can observe that Boston Celtics would be the favorites, although the odds on LA Lakers and Chicago Bulls are high. It follows that bettors could win just $9 on every $10 wagered on Boston should they win the championship. At precisely the exact same time, an individual would win 7$ Lakers against every $3 wagered on Lakers, the result, which is not as likely to take place. For Chicago, one has got $6 on every $1 wagered.

Fractional Odds 1/2

Fractional Odds Explained

When a player bets $100 on Boston Celtics to win, then he also could earn $90 gain [$100 x (9/10)] and the first $100 wagered. The entire yield, in this circumstance, would be 190. When $100 is wagered on Los Angeles Lakers to win, the anticipated profit will be $230 [$100 x (7/3)], and also the entire yield, in this circumstance, could be $330. Betting on the underdog Chicago Bulls would have made a player even higher return of $600 [$100 x (6/1)]. Adding the first bet amount of $100 would bring the overall winnings to $700.