Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to win $100. –150 means you must bet $150 to win $100. Take 4/1 as an example. Largest poker winnings. If you stake £1 on a horse, then you stand to win £4 if the selection wins the race, which excludes your initial stake. In contrast, the decimal format factors in the initial stake. Betting odds of 4/1 would equate to 5.0 in decimal terms, 5/1 would be 6.0, and so forth.
Betting odds explained
Betting odds can appear daunting at first glance but they are actually quite straightforward to calculate. We’ve devised a beginners guide to explain betting odds.
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How do odds work?
50 1 Odds Payout
When looking at the odds (price) of a horse, the two formats used are decimals and fractions. Betting exchanges operate in decimals, whereas fixed-odds betting firms generally operate in fractions.
When determining the returns of a fractional bet, the second number always suggests the stake and the first number denotes what the profit will be if the bet wins. Take 4/1 as an example. If you stake £1 on a horse, then you stand to win £4 if the selection wins the race, which excludes your initial stake. In contrast, the decimal format factors in the initial stake. Betting odds of 4/1 would equate to 5.0 in decimal terms, 5/1 would be 6.0, and so forth.
See the chart below for a breakdown of betting odds in both fractional and decimal format, showing forecasted returns to £5 level stakes for the key prices in a market. Btts and win betting tips.
How To Read Betting Odds
Knowing your odds
wdt_ID | Fractional | Decimal | WIN RETURNS FROM £5 (inc. stake) |
---|---|---|---|
1 | 1-2 | 1.5 | £7.50 |
2 | 4-7 | 1.57 | £7.86 |
3 | 8-13 | 1.62 | £8.08 |
4 | 4-6 | 1.67 | £8.33 |
5 | 8-11 | 1.73 | £8.64 |
6 | 4-5 | 1.80 | £9.00 |
7 | 5-6 | 1.83 | £9.16 |
8 | 10-11 | 1.91 | £9.55 |
9 | 1-1 | 2.00 | £10.00 |
10 | 11-10 | 2.10 | £10.50 |
If you want to work out your winnings from a multiple bet such as an accumulator or lucky 15, you can use our betting calculator to find out instantly what you’ve won.