European Decimal Odds
Decimal odds, also known as European odds, are used in European countries and are the standard alternative for many Asian bookmakers as well. This is the easiest bet type to understand as the odds represent how much a 1 bet gives back. For example, a bet of $1 at odds 1.91 will return $1.91. This includes both your initial stake plus the profit that you make. To understand how much you will win, just multiply your bet by the odds given by the bookmaker.
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Decimal odds only take a few seconds to calculate, as the calculation can be done very easily. The calculation is your bet multiplied by the odds, which then equals your payout. The simplest formula to use is:
Your Stake x Odds = Your Payout
Here are a few examples:
If you bet on Manchester United and the absolute odds of winning are 1.82, if you bet for $1000, your potential refund on your bid will be $1820. Remember that you have an initial bet of S 1000, so that your net profit on a winning bet would be $820. The math looks like this:
Original Bet 100 x Decimal Odds 1.82 = Your Potential Winnings is $1820
Your profit, in this case, will be $820, with a stake of $1000 and $820 in winnings. Let’s have a look at another example.
You want to bet on Tottenham, with the big underdog in their match set for $100 at 2.75 decimal odds. The math, in this case, will look like this: 100 x 2.75 = 275
You are putting $100 to win $275, with the potential net profit of $175.
Be careful when using decimal odds, your original bet is calculated in your potential winnings. When calculating your potential net income, you must always exclude your original bet.
To break-even, the odds for decimal odds bets are 2.0, which simply doubles your bet. Decimal odds below 2.0 are less than the money you bet in profits, the potential return will be less than your bet. Odds over 2.0 are known as plus odds, which means that your potential return will be more than your initial bet.
Decimal odds are also one of the most economical ways to bet parlays, since the true odds will be calculated. Contrary to traditional parlays calculated by the number of teams, the bet is placed at the highest odds, where sports bettors provide the best and most accurate odds, maximizing their chances.
Decimal odds are currently the most popular types of odds in Europe and will continue to spread to other parts of the world. It is important for today’s sports gamblers to understand the decimal odds, as they are used at many online bookmakers and exchanges.
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