Decimal odds are a more straightforward method of working out betting odds – and they don’t give you a headache every time you would like to place a bet.
Do you understand the difference between 8/13 and 4/7? No? Well, only a few people do. But you’d know instantly.
How do odds work?
If the decimal odds are 2.2 and you place a back wager of 10 and win, your total return is 10 x 2.2 = #22. This is equal to a conventional price of 6/5.
Decimal odds make it much easier to figure out which cost is best – the larger the number, the higher the return. Take a look at the table below to see.
The vital part to keep in mind is that decimal odds consistently include the unit stake – thus every price you see on Betfair will be >1.
Fractional odds signify the gain – 5/1 means you will win 5 pounds for every 1 pound staked.
Decimal odds represent the return – 2.2 means you will receive #2.20 for every pound spent, such as your stake.
If you are struggling with decimal chances, now you can utilize our mouse-over odds displays – traditional odds over every price. Every market on Betfair also has an odds-converter dining table.
Click ‘What are odds?’ In the Support section on the ideal hand side of this display, as seen below.