By convention only a set of fractions are used in fractional odds betting markets. The set does not include exact mathematical equivalents to all possible decimal and American odds. We use the closet fraction that is used in betting markets. Betfair horse racing multiples.
For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter. Casino night set up.
Decimal Odds Betting
By convention only a set of fractions are used in fractional odds betting markets. The set does not include exact mathematical equivalents to all possible decimal and American odds. We use the closet fraction that is used in betting markets. Betfair horse racing multiples.
For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter. Casino night set up.
Decimal Odds Betting
For an explanation of the odds types on this table see decimal, fractional and American odds. To find out what the numbers really represent see understand odds as probability with overround.
Decimal Odds Explained
Decimal odds are displayed in decimal format and the total return includes the bet stake and the winnings. Decimal odds are the most popular type of betting odds used in Australia, New Zealand, Europe and Canada. Most UK bookmakers use fractional odds. Benefits of decimal odds. Decimal odds show the total amount you will get back if your bet wins for every 1 unit you stake. Unlike other types of odds, decimal odds always include the initial stake in the return rather than just the profit. If 1 unit is £10.00, then you would get back £25.00 if the decimal odds were on offer at 2.50. This £25.00 return would be made. Fractional odds of 4/5 are therefore equivalent to American odds of -125 and decimal odds of 1.80. If the fraction is smaller than 1, it is known as odds-on. Calculator users will notice that. Decimal odds have slowly become the standard odds format used at sports betting sites. Some sites still use moneyline or fractional formats, but the decimal option is easily the most common. The likely reason is that it’s widely considered to be the most straightforward of all three.