If you bet £1 (your stake) 6.0 will give you £6 back, as it includes both your winnings and stake. You see one number, which you multiple by your stake (how much you wish to bet) to see how much you win in total. In short, odds tell you how likely that horse is to win, and how much money you will get back if you bet on it. The calculations are the same, except the UK calculator has a few more advanced options, such as fold betting. The difference between the paid odds and the true odds is how the bookmaker earns a profit.
Money Line odds or American odds
£36.60 in winnings and your £10 stake back.Customers in some parts of the world, notably the UK, may be more used to seeing fractional odds used, as they tend to predominate across the UK. For example, a £10 bet on a selection of decimal odds of 4.66 would see you win £46.60. Again, the bet is scalable, so if you bet $10 at odds of -154, then you would win $15.40 as profit, plus get your $10 stake back for a total return of $25.40. Decimal odds are the easiest to use to calculate the potential total return on any bet as the equation used is simply decimal odds x stake. For more complicated Fractional odds, such as 100/30, 5/8, 9/4, many people use a bet calculator to translate the fraction into a decimal odds which makes the calculation a lot easier as we will show you below.
So, 3/1 in decimal form is 4.00. They are always shown as a single number with a decimal point. Decimal odds are straightforward once you know what to look for. Install the betHQ App on your iPhone and then Add to Home Screen Even if you rule out less reputable bookmakers, you’ll be left with a fairly large selection of bookmakers, and it can be time-consuming to visit each of these bookie’s sites online.
Changing Fractional to Decimal
The final round league phase games takes place the following week, with all games taking place at the same time on the 28th. Learn all about Sports Betting Odds and how they work with our expert’s insightful guide to understand gambling odds in January 2026 Betting should make watching sports more fun, not a financial burden. Always set a budget, stick to your plan, and bet carefully.
Understanding the Odds in Sports Betting
We spend a lot of time researching a wide range of sports to unearth the best value bets on a daily basis. To help with this we have one available in the betting school, along with other types of calculators, including aparlay calculator. Not only that but our odds calculator has a special feature that displays the implied odds as a percentage to reveal your chances of winning. From early bookmakers to online betting, explore how technology and virtual wallets like odds to percentage Skrill have reshaped the betting landscape. However, it is important to remember that online betting carries risks and that no system can guarantee consistent winnings.
Sometimes, 21/10 odds appear briefly before being backed into shorter prices. Avoid chasing losses or increasing stakes after a losing run. That means the outcome is uncertain, and research becomes even more important. Just because 21/10 offers a decent return doesn’t mean it’s automatically a good bet.
- Of course, the more complex calculators could take some getting used to, but all of them use the same format of simply inputting the data that is asked for and then pressing a quick button!
- You have a small betting budget and you want to make sure you are using it as effectively as possible.
- With 95% confidence we infer that the true population value for this statistic lies between one and a half and four times.
- A confidence interval (CI) for the odds ratio is calculated using an exact conditional likelihood method (Martin and Austin, 1991).
- Moneyline odds, or US odds, are tricky for anyone who’s not used to them.
Where Zα/2 is the critical value of the Normal distribution at α/2 (e.g. for a confidence level of 95%, α is 0.05 and the critical value is 1.96). Doll and Hill 1950 is a famous study from the literature and is described in further detail in the following reference book (pp ). Indonesian odds do not start with a plus symbol if they are positive. If the quote is negative, it informs you of the amount you must wager to win $1. For example, American odds of -110 are equivalent to 10/11 and 1.91.
Over time, you can increase your returns markedly by betting with different bookmakers to ensure you get the best odds possible on a market. The advances in AI, computing power and processing speed mean it is now possible for bookmakers to offer odds on markets within a fraction of a second, or to update markets in real time (which is what happens in In Play betting). Many people now use bet calculators to work out their returns for the different odds formats. Odds are scalable, so if you placed a $10 bet at odds of +270, then your bet would see you return $27 in profit, plus your $10 stake back.