British (Fractions) odds
British odds are represented by a fraction, so are popular as fractional odds. Unlike decimal odds, fractional odds show only possible net profit from a bet.
For example, we have odds 1/5. With $100 bet we get the following: 100 X 1/5 = $200. These are $200 net profit from the bet. Of course, the bookmaker will pay the initial bet and profit.
It should be noted that the British are odds ratio amounts risked by the player and the bookmaker. The numerator of the fraction refers to the bookmakers, the denominator for the player.
Example:2 / 5 (if you split your bet of 5 parts, net income will be 2 of them):
- Profit = Stake * (Odds + 1) $100 x (1/2 +1) = $150
- Net profit = Stake * Odds $100 x 1/2 = $50
European (Decimals) Odds
European odds are the most popular. They represent decimal fractions. That is why they are popular with the simple name - decimal odds. Another name is - continental odds.
Multiplied by the amount you stake, such factors indicate the total amount of money that will gather any profit. This means that this amount includes both profit and predefined you money.
For example, you played a game of odds. 1.50 with $100 . We get 1.50 X 100 = $150. These are $100 final amount you will get when your real profit from this bet is $50.
We take a sample odds 1.50:
- Profit = Stake * Odds $100 x 1.50 = $150
- Net profit = Stake * (Odds - 1) $100 x (1.50 - 1) = $50
U.S. odds are not preferred for most bettors because they are seemingly very complicated and unclear. In fact is not true. U.S. format odds represents a minimum 3-digit number that can be both a positive and a negative sign in front of it. For example,
it may be -150, -200, +180, +300, and so on. This is because these factors are based on the sum of 100. If the ratio is negative, it shows what amount must be wagered to win 100. I.e. if you have odds. -200 Should bet 200 to win 100, which corresponds
to 1.50 decimal odds. If the odds is positive, it shows how much you could win if you bet 100. For example, if you have odds. +200 Means that when you bet 100, you'll earn 200 or is the decimal odds 3.00.
Examples with -200 и +275:
- Profit = Stake * (1 + 100/ Odds) = $100 x (1 + 100/200) = $150
- Net profit = Stake * 100/ Odds = $100 x 100/200 = $50
- Profit = Stake * (1 + Odds /100) = $100 x (1 + 275/100) = $375
- Net profit = Stake * Odds /100 = $100 x 275/100 = $275