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