Wednesday, June 1, 2011

Betting Tutorial: Odds

Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). European format (decimal odds) are favored in continental Europe, Canada, and Australia. They are the ratio of the full payout to the stake, in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are favored by British bookmakers. They are the ratio of the amount won to the stake. Fractional odds of 1/1 are an even bet. US format odds are favored in the United States. They are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. US odds of 100 are an even bet.

For example, if we get decimal odds (the kind I use on this blog) of 1.5, and we bet $10, we can expect to win $15. In UK odds, that would be 1/2; the moneyline would be -200.

Laying is different, and I won't be posting lays on this blog. If you are interested, you can read more at Betfair.

16 comments:

  1. The UK fractional odds seem like the most logical to me.

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  2. Decimal seems more easy to use for a beginner though

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  3. This stuff always confuses me, thanks for the clarification.

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  4. Ive always used Fractional, so the rest seem crazy to me. But of course im from the UK

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  5. HOla! Se habla español por acá? :D
    NO había visto tu post en mi blog!

    Las decimales siempre me han parecido más simples
    aunque no sabría cómo usarlas xD

    Saludos!

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  6. thank you sir! (lol i kno u prolly posted this cuz of my dumbass xD)

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  7. The only game I gamble with is Blackjack or Spanish 21.

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  8. Feels like decimal odds makes most sense imo, but maybe its just because im used to it.

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