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Fractional Odds explained and How to Calculate Fractional Odds in Sports Betting Tips

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Betting odds allow you to calculate how much money you will win if you make a bet. Let’s use the same examples as before, with the same replacement of numbers for letters, i.e. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake. 91 for every 1 you bet, you will win 9. How to read betting odds Learn how to understand the different ways that odds can be presented across bookmaker sites.

Calculating probability with betting odds Find out how likely a result is based on the odds the bookmaker offers. Calculating winnings from betting odds Learn how much you could potentially win on your wager with some simple calculations.

Knowing your odds and returns We’ll guide you through how all the different types of odds line up and what that means for your potential returns.

Decimal odds represent what you need to multiply your stake by to get how much you will receive in total including your stake.

So, using the same example, we would multiply 2 by, which would give us a total of 3. It is fundamental to understand how to convert betting odds, but our odds converter conveniently calculates it for you as well.

How to use the odds converter. Enter the odds in the relevant field you would like to convert. Our odds converter will then convert into all other formats. The underlying system on the Smarkets exchange matches bets between users in percentage prices. The potential return of decimal odds is simple to calculate. Just multiply the amount you wish to bet by the decimal odds offered.

Odds stake return Including stake. Below is an example of how to calculate your return using decimal odds 1X2 Odds Man City Draw Tottenham To calculate the potential return on a bet on Man City to win would simply be. Once you understand betting odds and the differences between them, reading them becomes easy. How to understand fractional odds. If a bookmaker offers odds of 31 for an event to occur, you stand to win 3 for every 1 you bet.

If you bet on an event at odds of 72, then you stand to win 7 for every 2 you wager winnings plus your stake. You may also see odds expressed with the lowest number first e.g. This is because all you have to do to calculate your potential winnings is multiply your stake by the odds. For example, if you make a 10 bet at odds of, you could potentially win 45 including your stake.

By contrast, fractional odds can become confusing. Matched betting is available to everyone. You don’t even need to have placed a bet before! But before we get started, allow me to explain how betting odds work. Betting odds are numbers used by bookmakers to represent the probability of an outcome occurring. Decimal odds show us how much a winning bet will return, inclusive of our stake. We simply multiply our stake by the odds, to get our total returns.

So, if we bet on England to win the World Cup at odds of, we’ll win, which includes our stake. Here are some other examples A bet would return A bet would return A bet would return. How to read sports betting odds?

First of all, we must think in terms of probabilities and not just abstract numbers. The EPL derby between Manchester City and Manchester United has the following set of decimal odds 1 X 2. All we need to do, is divide with each odd 250, 425.

Odds are represented as a decimal number, etc. And multiplied with your stake. This means that if you bet 10 on odds found at, you will receive a payout. Given that these odds will not only award you with your net winnings but also your stake, it is impossible to find football odds lower than, as this would mean that you couldn't win any money. How to Understand Betting Odds and Improve Your Betting Strategy. Best Betting Sites Online Betting Guide Betting Odds.

Betting odds basically sum up the bookie’s opinion of the probability of an event happening, if they think that an event is unlikely to happen, the odds will be larger than those odds of an event that is unlikely to happen.

That is the theory behind betting odds so let’s take a look at the different types of odds that you are likely to come across. All you then need to do is multiply that figure, by your stake which is 10 so if Manchester City win, the match you will see a profit of 4.

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If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the odds are changing while the event un. Converting betting odds is a vital part of a successful betting strategy in Learn how to convert between fractional, decimal and american odds today.

They allow you to easily calculate your total returns including your stake from a winning bet. You multiply your stake by the odds. Therefore a 25 bet at decimal odds of would return 50 25 x 2 50.

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The third and final odds format used within the betting industry are American odds. You guessed it, this format is mainly used within the US, so you probably won’t need to use them.

American odds work by showing you the amount you’d need to wager to win or the amount you’d win from a bet. I agree, not the simplest format out there. We’ll look into American odds in m. In the sports betting world odds are of critical importance for both bookmakers and punters. After all they indicate the payout rate of your winning bets and show the anticipated outcome probability for every event. How to calculate the implied probability of odds?

We all know that bookmakers are a clever bunch, they hire lot’s of people who study every aspect of sports. Especially in this modern age of the internet, every stat you could ever dream of is only a mouse click away.

I then multiply by to give me bookmakers implied probability of winning. Denominator 2 divided by denominator 2 + numerator 7 9 multiplied by. How do I interpret betting odds like 24, 75? The odds can also be used to reflect probability of an celticfestchicago.usility is calculated from the given odds by taking 44+246 After calculating the probability from the odds its good to consider the bookmakers margin.

Let's the odds above 24,75 represent Over, Under lines in a football celticfestchicago.usore let's calculate the bookmaker's implied probability of the celticfestchicago.us the formula above 24 gives you.

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How do decimal betting odds work? Decimal odds are the easiest type of odds to understand. To calculate your winnings using decimal odds, simply multiply your [tooltip textstake gravityn]Your Stake is the amount of money you wish to bet[tooltip] by the decimal number. For example If you placed a 10 bet at odds of, you would simply multiply 10 by to calculate your return. 10 x 20 return from your 10 bet.

How about placing a 15 bet at odds of?. Odds Converter - Convert Betting Odds.

Enter the odds in any format and click Convert. Fractional Odds Traditional UK. To understand how much you will win, you would multiply the amount wagered by the betting line. In this example, on a bet on Chicago you would get back a total of and on a bet on the colts, you’d realize As you can see, regardless of the format of the betting lines, the payout is the same.

It’s important that you learn how to manage your sports betting bankroll and that means keeping track of all wagers, loses and payout. When looking at a potential payout always consider the risk involved in the bet and what percentage of your bankroll you’re willing to commit to that bet.

Never risk more than 5 of your bankroll on a bet. How do I work out decimal betting odds. Although rarely used by bookmakers as the default option, decimal betting odds are arguably easier than their fractional counterpart. The punter simply needs to multiply whatever their stake by the decimal odds on display to calculate their returns. For example, a bet of 25 at would return 25 x, plus your 25 stake.

A bet of 50 at would see a return of If you are using decimal odds, you need to subtract 1 to work out what it equates to in fractional odds. So if you see odds of, take 1 away from the 3 2. We will have every type of betting odds explained to you so that you will become a successful punter.

Moreover, we will tell you how to use them and One of the purposes of odds in sports betting is to show how likely a particular outcome is to occur. If the outcome is very likely to happen, the odds are as low as they can be, and vice versa. Hence, if you are betting on a team that has bigger chances of winning than the other one, and they win, you will gain a very small profit, as opposed to what you could get if you bet on the team which is less likely to win.

Now, the other purpose of odds is to determine how much you will get if your wager wins. You should be able to view the odds of a bookmaker at the moment of placing your bet.

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The Irrationality Illusion How To Make Smart Decisions And Overcome Bias" is a handbook "Multiply Numbers By Drawing Lines" This book is a reference guide for my video that has How to win in sports betting - Football Match Result Prediction Results - Wise Prediction 16. How to understand betting odds?

Odds are simply the likelihood of something happen in a particular sporting event, for example Harry Kane to be the top goalscorer in the Premier League this season.

Football betting has expanded over the years and rather than just betting on the outcome of a match, you can now bet on events occurring in a match e.g.

The number of corners, fouls, goals. Betting companies vary how they convey those odds and they can be expressed as either decimals or fractions. Calculating your potential winning is a lot more straightforward as well, as all you need to do is multiply your stake by the decimal odds. For example, if you stake 5 at, your winnings will be Fractional odds.

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UK odds multiplied with your stake equals the winnings. The odds show how many units you win in terms of winning per unit staked. If you wish to bet on US Sports then you will also need to understand American odds. American odds are also known as lines or money line odds. If US Odds are indicated with a + sign then they show the amount you would win for a stake.

Positive odds show how big your winnings are if you bet units.

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Relationship between Percentage Chance, Decimal, Fractional and US Odds The tool "What are the Odds" below shows you how percentage chance, decimal odds, fractional odds and US odds are expressed to mean the same thing. Convert betting odds to probability.

Now we want to see what those odds mean in terms of probability. There is another simple formula that takes the numbers in a fractional odds presentation, adds them together and then divides that total by the second number to give a probability factor.

So for Barcelona at 46 that is 4+610 and then 10 divided by 6 then multiply that by 60. So Barcelona have a 60 chance of winning the match according to the bookmakers at a quote of 46.

What US Odds means and how to convert them. Now and again you may come across US odds or a Moneyline which may look a bit confusing. You will see something like or + on a market selection. Learn how sports betting odds work how to read NFL, NBA, MLB and NHL betting lines.

We explain odds for moneyline bets, overunders, props more! How to Read Three Main Kinds of Betting Odds. As mentioned, there are three ways sportsbooks display odds American odds, decimal odds, and fractional odds. While you can always use an odds calculator to convert one type of odds to another, you’ll benefit from learning how each type works.

To determine how much money either bet will yield if it wins, simply multiply your stake by the decimal odds. We’ll use a 50 stake as an example. Find out more about how betting odds work and how you can find the best possible returns from your bets on various sports. In this short guide, we’re going to look at how odds work, and why they are so important. Calculating Probability with Betting Odds.

Odds help us to understand how likely certain scenarios are when it comes to different events. For example, we can read betting odds to determine whether or not a football team playing at home can expect to win their next match.

Digging a little deeper, there will even be odds to show us how likely it is that they will score a certain amount. Bookmakers set different odds based on their own expertise and a betting exchange.

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To really expand your understanding of odds and betting, you must also understand how to calculate probability. Betting is about assessing the chance or probability of an event happening and bookmakers like Pinnacle use odds to translate probability into a more usable form in order to offer betting.

To really expand your understanding of odds and betting, you must also understand how to calculate probability. In general people are more comfortable with percentages, so by multiplying the probability of your event for Heads by you can say that there is a 50 chance of the coin landing on Heads, and you winning your bet.

How to calculate betting odds. Now you know how to calculate probability, you can turn this into odds. Understanding what are and how the odds work is a crucial thing not only in esports but also in general betting.

Today we would like to break it down for you and explain how the odds work in esports and how to benefit from them. Understanding what are and how the odds work is a crucial thing not only in esports but also in general betting.

Today we would like to break it down for you and explain how the odds work in esports and how to benefit from them. How to read fractional odds in esports. What do odds tell us about our winnings?.

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Live Odds Explained - FAQ How Live Betting Works? Live Betting, also known as In-play betting is the ability to place bets after a sports event has already started. In-play betting is a relatively new form to wager, but it is getting extremely popular in the past few years. The chance to place real-time bets as the game progresses makes it exciting and advantageous. Live betting is profitable once you become aware of the odds value changes happening in-game. It can be much more profitable than pre-game betting.

That's why recently bookies implemented delay tim. American betting odds are easy to understand.

When you see a selection with [ - ] in front of it, you’re looking at the favorite. That negative sign indicates how much money you need to bet to win Let’s take a couple of examples to see how easy it is to understand these sports betting odds Recall the +- odds listed above?

When you see a +, that’s how much you can win for every you bet, and when you see a - that’s how much you need to wager to win With moneyline bets, you can instantly calculate how much you’re going to get paid and lock in your bet to get that payout. American odds are preferred with many US bookmakers, although you can still find decimal point odds, and fractional odds if you want. UNDERSTANDING how odds work is fundamental to being successful at betting on football, horse racing or any sport.

Seasoned punters will find calculating odds to be second nature but for beginners the prospect of getting to grips with what odds mean and in particular grappling with fractional odds can be a daunting one. So whatever your stake is you can multiply it by to calculate your profit. But things do get a little bit more tricky when the odds are something like 118. The numbers may be more difficult but the principle is the same 118 is the same as 11 divided by 8 which equals Again, multiply this by your stake to calculate profit.

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A live sports betting odds feed, plus an explanation of how sports betting odds work for beginner sports bettors that are looking to learn the basics.

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If you wanted to place a 10 wager on the USA at you would simply need to multiply your 10 wager by the odds 10 x to find out that the payout is It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager 24 10 to find out your potential payout is 14 in profits.

If you wanted to place a 10 wager on Brazil you would again just multiply 10 x to find out that you would win total or in profits. These odds will be vital in the decision to place a bet on basketball, since it will be used to multiply to determine the potential gains of your bet odds x bet earnings. Find out Bet odds to bet on Basketball! How to calculate basketball odds? Corresponding to the probabilities of an event to occur during a basketball game, the odds calculator used by the bookmakers, give the odds according to the figures and statistics collected over weeks and months.

Considered as the basis of basketball betting, odds are essential to the development of the competitive situation that exists between online bookmakers and can also vary from one sports betting site to another, while they involve the same bet. The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts.

This means that a chance percentage probability of an event occurring can be converted and presented in any of the aforementioned types of odds. American odds aka moneyline odds or US odds are popular in the United States. The odds for favorites are accompanied by a minus - sign, indicating the amount you need to stake to win Meanwhile, the odds for underdogs are accompanied by a positive + sign, indicating the amount won for every staked.

In both cases, you get your initial wager back, in addition to the amount won. What do betting odds represent? This article will help you with the first step in developing your own assessments of betting value. In general people are more comfortable with percentages, so by multiplying the probability of your event for heads by you can say that there is a 50 chance of the coin landing on heads, and you winning your bet.

How to calculate betting odds. Getting a handle on how to calculate probability yourself and converting it into odds is the first step in developing your own assessments of betting value. Once you know how to calculate probability, turning that figure into odds is a straightforward process.

Decimal odds are one of the three main formats used by bettors and bookmakers alike.

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Betting odds give you the understanding of what is the chances to in and what amount of money you will win after a positive outcome. You should continue reading this article, as you might still be confused about what the betting odds is. Using Betting Odds to Calculate Probability.

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For any football match, there are a limited number of possible outcomes.

You can predict the chances of the event’s outcome, by simply looking at the odds for this event. Also, you should know how to calculate your potential winning using the odds. It is very simple to do, if your odds are decimals. You should simply multiply your bet with your odd and subtract the bet amount. Formula Winning bet amount odds - bet amount 10 EUR - 10 EUR EUR. Pot odds refers to the relationship between the size of the pot and the size of the bet.

For example If there's 10 in the pot and you have to call a 2 bet, then you are getting pot odds of If you have to call a 5 bet in the same 10 pot, you're getting pot odds of How big is the pot how big is the bet? In fact it's much better for your game long term to learn the quick shortcuts and how to calculate pot odds in your head on the fly it's not like you can pull out and use a pot odds calculator at the poker table anyway.

How to Calculate Poker Equity. Count Your Outs In order to calculate your equity your odds of winning the pot, you need to first know how many outs you have to make your hand. This becomes quick and simple with a little practice and a little memorization. Find out exactly how you can find the very best football odds around and how to use the highest odds to drastically increase the amount you could win? We’ll jump straight into the most important question you probably have how do I find the highest football betting odds around?

There are a few things you can do, however the most important is this shop around before having a punt.

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If you want to bet on sports, you better get used to the word odds’. You need to be able to read odds, compare them, and understand how much you can win for the amount of money you’re risking. But if you don’t understand odds yet, that’s okay, because we’re going to cover them in detail below.

We’ll answer these specific questions How do bookmakers set their odds? Why are punters at a disadvantage? How do you read American, fraction and decimal odds? How do bookmakers set their odds? Betting sites set odds based on two things Probability of each outcome using experience, trends, current stats, etc.

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Pot odds represent the ratio between the size of the total pot and the size of the bet facing you. Keep in mind that the size of the total pot includes the bets made in the current round. For example, if there is 2 in the pot and your opponent bets 1, your pot odds are 3 to 1. In other words, you have to pay 1of the pot in order to have a chance to win the whole pot. Pot odds are the mathematical foundation for calling situations in poker.

Without them, we wouldn’t be able to figure out which calls are profitable and which are not. Note You can also use a ’ to separate the values.

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But understanding how to read horse racing odds is actually simple. Odds are the return you can expect to get if the horse you bet on is successful. It reflects the amount of money bet on a horse the more money that is invested, the shorter the odds. When horse racing odds are shown in the form of, etc, it expresses the amount of profit to the amount invested. If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two.

So if a bettor invested 10 to win on a horse that won at a mutuel payout of, multiply by 10 55, and then divide by 2 final payout. EXOTIC WAGERING Longer Odds Bigger Payouts.

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This guide will show you how to calculate poker odds and pot odds so you can beat your friends and win in online poker rooms. At first, poker odds can seem confusing, but if you're going to take poker seriously then having a basic knowledge of them is critical it'll be clear why after reading this page.

To know the odds of making your flush on the river, multiply your outs by four and add four. In this case, you have a roughly 40 chance of making your flush by the river. How to calculate pre flop poker odds? The best way to calculate precise preflop odds is to use a dedicated odds calculator. However, here are a few quick and dirty tricks to know rough odds on the go.

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Where a bet is odds on’, you need to stake more than you will make in profit for example, decimal odds of would see a profit of units for every 1 unit wagered. Anything above decimal odds of is described as odds against’ and is seen as being less likely to occur due to having less than 50 chance of winning. As well as their widespread use, decimal odds make it easy to calculate your return by simply multiplying the decimal odds on offer by the amount you are betting.

This makes it particularly useful if you like to place doubles, trebles or other larger accumulators as all you need to do is multiply the odds of each leg in your accumulator then multiply this by the stake.

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Betting Odds Explained - we’ll explain how to convert probability into numbers and help you understand how bookmakers protect themselves. Betting Odds Explained Probability Numbers. Betting odds indicate how likely an event is going to happen. There are several different types of odds formats. Odds tell you how much money you can win. When looking at bookmakers’ odds, the first thing to do is convert them into probabilities. Since most people are more familiar with probabilities than with odds, it’s easier to work with these.

The calculation method is extremely simple. In order to determine the probability, you just have to divide 1 by the odd and then multiply it by Betting Odds Explained.

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This is how betting exchanges make their money, versus regular bookmakers who make their money by providing you unfair odds. Even with commission factored in, exchanges return more profit on your bets almost all of the time. Liability is the amount of money you stand to lose’ on a lay bet. We choose the bookmaker and the minimum odds we need to bet on in the oddsmatcher filters and it gives us a range of good choices for bets.

This is what an oddsmatcher looks like. In this example, let’s say the oddsmatcher tells us that Manchester United have back odds the blue column of to beat Southampton. The lay odds of this result are pink column.

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The Odds to Win wager in pro baseball is also commonly referred to as a future odds wager. Bettors must correctly select a team to win an event that takes place a later time than the current day. The money wagered will be tied up until there is an outcome and bettors will receive fixed odds when they place the wager.

The Major League Baseball MLB Futures market is available on a month basis and the future odds are normally updated on a weekly basis at betting shops in Las Vegas and globally in the United States.

To figure out your Win Amount, a bettor would take the betting odds offered on a team and multiply by the amount wagered. New York Yankees 201 to win the World Series.

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If you approach any bookmakers in order to make a bet, you are essentially making a prediction on an event. The bookmakers will display the odds that they are willing to offer you in order for you to make that bet. In other words, they will pay out a certain amount of money based on your stake if your prediction comes through. The odds they offer are created by statisticians and mathematicians, based on probability. Always keep in mind how simple it can be to use decimal odds.

By multiplying your by the odds, you will arrive at your potential winnings. Taking it back to the final example we had for fractional odds, Brazil is playing Argentina in the FIFA World Cup.

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Football Betting Odds, Odds Comparison, Sports Betting Odds. The prices offered by bookmakers are perhaps the most important factor to consider in the long-term, with our odds comparison page offering everything that you need to know when looking for a new betting platform. No matter what your sporting preferences are, we also look into the bookmakers who offer the best prices, with both Nigerian and international bookmakers on offer.

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Learn how sports betting odds work, how to calculate payout, bookie margins, convert odds and understand why they change Last updated Aug 30, 0. In theory, odds tell the probability of an outcome occurring. Bookies calculate how likely it is for Kylian Mbappe to score a goal, and then they price the chance that the event will take place. Thus, betting odds represent the estimated probabilities of that particular event happening. To find out what the potential winnings are you have to multiply the amount you want to bet by the odds offered, like 1 Note that the winnings also include the original stake.

Fractional Odds or British Odds 12, 141, etc. Allow you to figure out the profit you will make in relation to the units invested.

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Fixed-odds betting is a form of wagering against odds offered by a bookmaker or an individual or on a bet exchange. In Australia, the practice is usually known as "SP betting". It is customary with fixed-odds gambling to know the odds at the time of the placement of the wager the "live price", but the category also includes wagers whose price is determined only when the race or game starts the "starting prices".

It is ideal for bookmakers to pricemark up a book such that the net outcome will.

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Sports betting odds vary greatly from event to event. Standard point spread wagers on football and basketball usually list both sides at matching odds of bet to win. A lopsided boxing match might have the favorite listed at -6, bet 6, to win and the underdog listed at +2, bet to win 2. No matter how big or small these numbers are, the same rules on how they work still apply to any bet size. But from a functionality perspective, decimal odds are arguably easier to use.

All you have to do is multiply the amount you want to wager and the listed decimal and you will get the total payout of your wager. Keep in mind that the number that comes out after you multiply is the TOTAL payout. This includes your original wager amount.

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It is vital to know how to convert different betting odds so that you can play with a variety of bookmakers worldwide. In the United States of America, American odds are used, across Europe, Decimal odds are used.

Fractional odds are a more traditional method that is mostly used in horse racing. Here is a step by step guide on how to convert the different odds types Decimal to Fractional conversion Let’s use a decimal odd as an example Convert the fraction to decimals by multiplying it by 74 Then multiply that number by again. + + is the American odds equivalent of 74 Fractional odds.

To convert a fractional odd of 11 or lower, let’s use 110 as an example.

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Betting odds and payouts can be confusing and intimidating. The favorite will have odds expressed by how much you would have to risk to win and the underdog side will be expressed by how much you would stand to win if you bet How to calculate total payouts with American Odds Positive odds underdog [Odds Stake] + Stake.

Negative odds favourite [Odds Stake] + Stake. To calculate your profit you multiply the fraction by your original stake and to calculate total payout you add your stake amount to the profit. Example A match has given odds of Team Liquid 12 vs Virtus Pro 64. 10 bet on Team Liquid would pay 10 bet on Virtus Pro would pay.

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I want to know about betting and how you work out odds. I don't understand what thing like these "15, 512" mean. This converts your odds into a decimal form. Now, just take the amount of money you are going to risk and multiply it by your answers to get the amount of PROFIT you will realize if you in fact win.

You also get your stake amount returned. Best of luck!EDIT I cannot believe that Grant is a top contributor in mathematics, and yet gets this answer 90 incorrect. 15 is 1 to 5 bet 5 win 1 total return of 6. 15 1 divided by 5 replace the 0 with a 1 to represent your stake amount so now you have Simply take and multiply by whatever amount of money you will risk.

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Now that you know the basic betting forms, you will notice that the odds given aren’t all written in the same way. Again, there are three main formats Luckily, they’re very straightforward and easy to calculate.

All you have to do is multiply your wager by the odds to find out your potential winnings. Bet x Odds Payout original bet + profit. For example, if you bet on a team winning, with odds at, then your potential total amount received is.

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