When many punters first get into the world of gambling, working out which odds format you’re most comfortable with is a good place to start.
Relatively new to the world of trading? Check out VOdds’ guide to sports betting.
In this article, we’ll look at fractional odds and decimal odds and see how they work.
To start with fractional odds, which are most commonly used in the UK and Ireland, and these are displayed simply as fractions. So if your odds are 6/5, you read the first number as the amount you win and the second number as the amount staked. If you wagered $100 at these odds, you would win $120 and when calculating you get your stake back you’d get $220 back.
Courtesy of Sportstatist
Moving onto decimal odds, and this format is easier to read and therefore more accessible. Also known as European odds and the most popular choice for many across the globe, it’s a simple way to bet. If you multiply your stake by the odds, that’s your payout.
So if the team you bet on at 1.90 wins and you’ve staked $100, you’ll win $90 and your return will be $190 as you obviously get your stake back too.
Courtesy of YouTube
While decimals odds are far easier to comprehend than fractional, it all comes down to what you’re most comfortable with. Just remember before betting to fully understand how the odds work so you don’t find yourself making any avoidable errors of judgement.