Betting Odds Fraction To Decimal

• This would be 3.00 in decimal odds, and 2/1 in fractional odds. The implied probability for these odds is 33.33%. In this example, the odds suggest that the player has a 33.33% chance of winning the match. This doesn’t mean that this is the player’s EXACT chance of winning the game.
• The simple formular to convert from fraction odds to decimal is to divide the numerator (top number) by the denominator (bottom number) and add 1. The 1 represents the returned stake which is included in the decimal odds but not in the fraction odds. Example 1: Odds of 2/1, will be 2 divided by 1, which gives 2, then add 1 equals 3.
• For decimal odds of 2.00 or greater, you simply minus 1 and multiply by 100.

Ordering Fractions And Decimals Calculator

One of the big talking points in betting circles and the bookmaking industry in recent years has been decimal odds vs fractional odds and which prices are more punter-friendly.

If the fractional betting odds being offered are 2/1, then the decimal equivalent will be shown as 3.00. In the former, 2/1 means that you receive a £2 win for every £1 you bet on this selection. The key point is that this does not include your stake, which you also get back if you win the bet. Calculate Odds as Decimals. Decimals are becoming a prevalent way to calculate odds, though this does mostly apply to sportsbooks rather than casinos. As with fractions or percentages, the bigger the decimal odds, the less likely it is that the event will happen.

In the UK, the vast majority of odds on football or any other sport you see displayed online or in newspapers will be fractional, but this is not necessarily true everywhere in the world.

For example, if you are a bwin customer living outside the UK, your football bets will be made with decimal odds, as standard.

If you wish to try out decimal odds in the UK, follow these instructions:

On a desktop PC, scroll down the left-hand column until you see the ‘Bet services section’, click on ‘Settings’ and then alter the ‘Odds display’ from UK (11/4) to EU (3.75) via the drop-down menu, before pressing Save.

For mobile betting, bring up the menu alongside the ‘My Bets’ icon, which is shown as three horizontal dashes, scroll down to ‘Betting Settings’ and then switch from UK (11/4) to EU (3.75), before pressing Save.

So what’s the difference?

Let’s say you want to place a football bet on Arsenal to beat Manchester United. If the fractional betting odds being offered are 2/1, then the decimal equivalent will be shown as 3.00.

In the former, 2/1 means that you receive a £2 win for every £1 you bet on this selection. The key point is that this does not include your stake, which you also get back if you win the bet.

So, if you place £1 on Arsenal to win and they do, you will receive your winnings (£2), plus your returned stake (£1), which equals £3 in total. Similarly, a successful £10 football bet at this price would see you receive £30.

The difference with decimal betting odds is that the stake is incorporated into the price being offered, namely as one unit. So, in the example above, the 3.00 price is telling you exactly how much you will get in return in pounds for a £1 bet.

If placing a larger wager, just multiply your stake by the price on offer to get a total return (£10 x 3.00 = £30).

Supporters of decimal betting odds say that this makes their system better, in the sense that it is easy to calculate returns on these types of bets and there is no confusion with regards what are the bigger prices.

For example, many punters would have to think twice about whether 7/4 is better than 9/5, but when the same odds are expressed in decimal terms, 2.75 is clearly a lower return than 2.80.

However, fans of fractional betting odds claim that their system is more relevant because of the weight of tradition, which means punters are more comfortable and familiar with it.

The debate looks sure to continue!

Football betting guide

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There is a lot of jargon used in sports betting and it can be quite confusing, especially for a novice, but once you get to grips with the basic terminology, your betting experience will be enhanced. The first thing that any punter needs to do is understand how the odds work and what they mean.

Many betting websites - including the Betfair Exchange - now use decimal odds as standard, so let’s take a closer look at this popular format.

The purpose of sports betting odds

Odds are a numerical way of describing the probability of an outcome occurring. The odds are calculated by bookmakers like Betfair and Paddy Power in a way that allows them a small profit margin. For example, on a 50/50 coin toss, a bookmaker might offer odds of 49/50. If they get an equal amount of money bet on heads and tails, they would be guaranteed a small profit whatever the outcome.

What are decimal odds?

Decimal odds are a way of displaying odds in an easy to understand way.

In the above example, where the bookmaker offers odds of 49/50 on a coin toss, the odds are shown as a fraction. If we showed the same odds in decimal format, they would look like this:

• Decimal odds: 1.98

So, if a punter placed a stake of £1 on this bet and it was successful, they would receive £1.98 back, achieving a profit of 98p.

In decimal odds, odds-on selections will be expressed as values between 1.0 and 2.0

Many websites use the decimal format as standard when displaying the prices of sporting events. In fact, decimal odds are commonly used all over Europe. They are popular because they are so easy to understand, displaying the total return from a 1 unit stake.

As the unit stake is always included, decimal odds always have a value greater than 1.

Here is another example of how simple it is to read decimal odds:

• Odds: 6.0
• Stake: £1
• Winnings: £5
• Total return: £6

Decimal vs. fractional odds

Punters in the UK and Ireland might not be as familiar with decimal odds. In those regions, it is more common to see fractional odds such as 5/1 or 9/2. Fractional odds basically describe the winnings from a theoretical stake.

Fractional odds example:

• Odds: 5/1
• Stake: £1
• Winnings: £5
• Total return: £6

Where the odds are 50/50, the odds are described as Evens rather than 1/1.

The advantage of decimal odds

Fractional odds can sometimes be confusing as the calculation can produce very large numbers. For example, where the decimal odds are 1.46, the fractional equivalent would be 23/50. In this case, it is much easier to calculate the return from a £1 stake by using the decimal odds format.

In addition, fractional odds can be confusing when the probability is very high. For example, when decimal odds fall below 2, the fractional equivalent suddenly takes a different appearance as the second number becomes larger than the first number. Therefore, it is possible to have fractional odds of 2/1 and 1/2 and this can be a little confusing for novice punters.

Decimal vs. moneyline odds

Moneyline odds (also known as US or American odds) are used by bookmakers in America. The odds are presented in either a negative or positive format depending on the probability.

Moneyline odds are used by bookies in America

Positive moneyline odds show how much would be won from a $100 stake. In a sporting event involving two teams, the underdog always has a positive moneyline.

Positive moneyline example:

• Odds: +500
• Stake: $100
• Winnings: $500
• Total return: $600

Negative moneyline odds show how much would need to be staked to win $100. In a sporting event involving two teams, the favourite always has a negative moneyline.

Example

• Odds: -500
• Stake: $500
• Winnings: $100
• Total return: $600

If there is no clear favourite and the odds are 50/50, the moneyline is displayed as +100. Using the positive rule, a $100 bet would then return a $100 profit.

Converting moneyline odds to decimal or fractional odds is not always easy. However, the tools below can be used as a handy guide.

Why is understanding odds important?

Understanding how to read odds is a vital part of sports betting. If you do not know how to read the odds, you will never know if you are getting good value or what your potential returns might be.

Betting Odds Fraction To Decimals

In theory, decimal odds are the easiest to understand and many punters have switched to using decimal odds after years of using the fractional format. Decimal odds can be read at a glance and do not require any tricky calculations.

Most betting websites - including Betfair and Paddy Power- have a settings menu where you can change the way that odds are displayed. This means you can choose the option that suits you best. But even if you prefer to use fractional odds, it still makes sense to learn how to read decimal odds as they are becoming more widely used across the internet.

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Check out the latest horse racing odds for today's races over on the TImeform horse racing site or get odds for today's football matches at Infogol.net.