Betting Odds Explained: Moneyline, Fractional and Decimal Odds
- January 24, 2021
- 5 min read
- Sports betting 101
As a newbie sports gambler, you will often come across several betting terms like decimal odds, moneyline odds, fractional odds, and many others. But what do these mean? How do they differ from one another? How do betting odds work? These are questions that haunt sports betters during their initial days, and you too will have difficulty understanding what they are. By the end of this guide, you will know the different betting odds, how they work, and how they differ from other odds.
What is fractional odds?
Fractional odds are used in the UK. It is a traditional way of calculating the paid out amount for a successful bet compared to what is originally at stake. For example, if you bet £10 on a game with 10/1 odds, and manage to win, you will get £110. Your earning from the bet is £100, plus you also get your £10 stake back.
It is always wise to double check the fractional odds before betting because a smaller odd will not provide a good return even if you win. So, if you bet £10 on a game with 1/10 odds, and manage to win, you will earn only £11. This includes your earnings of £1 along with your stake of £10.
There are 1/1 odds too in betting. This is known as “even money”. In fractional odds, this gives you an opportunity to earn 100% returns on your bet. If you bet £10, you will receive £20 including your stake.
Subscribe To Our Newsletter
Get updates and learn from the best
What is decimal odds?
Decimal odds, often known as European odds or continental odds are mostly followed in Australia, European countries, and Canada. Although the fractional odds are easy to calculate the winning margin, decimal odds help gamblers calculate the winning amount that they will receive. Calculating the winning amount is easier with this type of odds. You need to multiply your stake with the odds and find out your earnings after winning.
Suppose, you bet £10 on a game with 10 odds. If you win, your earnings will be £100. In addition to the earnings, you also get your stake of £10 back. So, your total amount results to £110. Similarly, if you bet £10 on a game with decimal 1.10, you will earn £1.10. This, added to your stake of £10 will make your total receiving amount as £11.10.
How to convert fractional odds to decimal odds?
Converting fractional odds to decimal odds is easy. For example, let’s take a game where the odds are 20/31. There are three steps to convert the odds:
- First, divide 20 by 31. You get 0.64516.
- Round off 0.64516 to two significant digits. In this case, it will come down to 0.65.
- Add 0.65 to 1. Therefore, 1.65 is the decimal notation. You can now multiply the decimal notation with your stake money and calculate your earnings from a successful bet.
What is moneyline odds?
Moneyline odds are also known as American odds and are widely used in the USA. There are two aspects of moneyline sports betting that you need to know. The American sports betting market is growing rapidly since sports betting became legal in 2018, hence, some of the bookmakers
First, there is a positive number that represents cash won on a wager. Second, there is a negative number that represents the wagered money to win your stake money. When you have a positive betting number, it means the amount of cash you can win on a £10 wager. For example, if you bet £10 on a winning game, it will result in a £10 win for the gambler. Therefore, if the fractional odds of the game are 20/1, it will be represented as +2000.
However, when it’s negative, it means the amount of money that will be wagered to win £10. So, if you bet on a game with fractional odds 1/20, it will be represented as -2000. Similar to fractional odds, moneyline odds too, have even money or even odds. They are represented as +100 or -100 depending on the positive or negative number.
You can also convert fractional odds to positive moneyline odds. Let’s change the 20/31 odds to 27/20 to calculate. If the football team you are betting on are favored to win, you will bet on a positive number.
Here are the calculations to follow:
- Multiply the denominator of the odds by 100. So, it will be 20 x 100 = 2000.
- Divide 2000 by the numerator. So, 2000/27 = 74.07407
- Round off 74.07407 to 74.
- This is your positive moneyline odd notation.
Now, let’s calculate negative moneyline odds with 20/31 as the betting odds.
- Here, you have to multiply the numerator by 100. So, it will be 20 x 100 = 2000.
- Divide 2000 by the numerator. So, 2000/31 = 64.5161.
- Round off 64.5161 to 65.
- This is your negative moneyline odd notation. It will be expressed as -65.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Get a free surebet every day through Telegram!
We are giving away a free surebet daily so you can make money on betting without having to do the research yourself.
