Betting Ratio Explained
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.
- The Importance of Having Betting Odds Explained When Choosing a Bookmaker. Here at The Punters Page, we’re all about helping you get the best betting experience possible.There’s a lot of different facets to this, from tactical advice to a look at the best promotions, That said, there is nothing we provide which is more important than our guidance on which betting sites are right for you.
- Betting odds can be explained or presented in two ways: a fraction or decimal. For example, an odd can be presented as 4/1 (fraction) or 4.0 (decimal). If betting odd of boat A winning in a race is listed as 9/1, you can use it to calculate the probability of the event happening using the formula below.
- These odds quote the net total which will be paid out to the bettor should they win, factoring in their stake. On the other hand, a gambler backing Manchester United, who have odds of 1/5, will see a payout of just $1 for every $5 bet. That means a total payout of $6 for someone betting $5. Bournemouth 5/1.
How do odds work?
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.
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.) If. Follow me on Twitter - betting site - sports betting sites use American style bet.
Betting Odds Explained
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.
Knowing your odds
How To Calculate Odds Ratio Betting
| 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 |
Betting Ratio Explained
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.