Fractional OddsFractional Odds are popular in the United Kingdom but are often used in horse racing. Fractional odds may also be referred to as British Odds, UK Odds, or Traditional Odds, and estimate the net total which will be paid out to the bettor — should they triumph — relative to their bet.
Example:
Bournemouth happens on Manchester United at the EPL
Bournemouth’s chances are 5/1, so a stake is x5 if you back Bournemouth
A #20 bet yields winnings of #100 (20 x 5 = 100)
You get your bet back that is # 20
Complete payout = #120
On the other hand will see that a payout of just #1 for each bet that is # 5. That means a total payout of #6 for a person betting #5.
Decimal Odds
Decimal Odds are most popular in Europe, Australia and Canada, and several think that they’re the simplest format to comprehend. Almost all online sportsbooks will offer the choice of displaying their odds in the decimal format, which can be called European Odds in the united kingdom.
With odds, the amount quoted is. Decimal odds are basically equal to the decimal value of the fractional chances, plus one.
Example:
You bet with decimal odds of 2.00 in an Aussie Rules group
A Thriving wager of $100 on the team results in a win of $100
Total payout = $200 (2.00 x your original wager of $100)
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