Fractional Sports Betting Odds Explained

Conversely, if you thought the Clippers had a good chance of pulling the upset, a winning bet of $50, $100, or $300 would result in a profit of $63, $126, or $378, respectively. Keep in mind that moneyline bets simply entail picking the team you think will win outright, unlike a point spread bet where the margin of victory matters. The odds shown below are for an NBA playoff game between the Los Angeles Clippers and the Dallas Mavericks. Note that while the Clippers were the home team in this matchup, the oddsmakers installed the Mavericks as the favorite on the moneyline.

For instance, let’s say the New York Knicks are listed as 5/3 moneyline underdogs against the Boston Celtics. Bettors who wager 3 units on the Knicks will win 5 units if they win, for a total payout of 8 units. On a $30 bet, the profit margin is $50, and the return is the stake plus the profits, for a total of $80. Anyone who has visited the racetrack is probably already familiar with fractional odds. While horse racing odds are occasionally displayed in decimal form, they usually utilize a fractional format. Continue on to learn how to read and convert fractional odds, along with some simple tricks you can use to quickly calculate fractional payouts.

As you can see, the fractional odds of 9/1 and the decimal odds of 10.00 return exactly the same amount. This is why savvy punters compare odds across platforms before placing a bet. The best betting sites usually offer competitive prices, and it’s always smart to go with one of the best betting apps or platforms to maximise value. Understanding how odds work also means understanding how they relate to probability—or how likely something is to happen. Bookmakers use odds to represent the implied probability of an event.

Fractional odds represent the potential winnings that can be made from a successful bet, compared to the stake. They’re shown as two numbers separated by a slash, for example, 3/1 or 5/2. Understanding the differences between fractional and decimal odds can help bettors accurately calculate their potential winnings, regardless of the odds format a betting platform uses. With these steps, bettors can easily make sense of fractional odds and accurately calculate their potential winnings. This understanding is a critical element in developing a successful betting strategy.

Donald Trump and Kamala Harris battle it out to become the next president – and BetUK has you covered for US election betting. If you’re feeling stressed or frustrated, take a break from betting. If you’re on a losing streak, resist the urge to increase your stakes in an attempt to recoup your losses. Organizing Local Darts League gives you insights into local darts communities and the emotional ties people develop towards the sport. It’s important to stay disciplined and avoid letting emotions cloud your judgment. Avoid chasing losses and only bet what you can afford to lose.

• Remember that value betting requires careful analysis and a realistic assessment of probabilities.
• A point spread (common in football and basketball) is essentially a handicap to level the playing field between two teams of different strengths.
• The odds for Newcastle to win are 7/1, and the odds for Liverpool to win are 8/11.
• Similarly, for odds of 5/2 (“five-to-two”), for every £2 bet, the potential win is £5.

Can I switch between fractional odds and decimal odds?

For example, you might bet on a player to win with a -2.5 leg handicap. Since 2014, I’ve dafabet blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone. That’s pretty much everything you need to know about betting odds and how they work. We shouldn’t need to manually convert odds all that often as we can simply change our odds preference at the bookmakers.

Why Do Bookies Use Fractional Betting Odds?

Positive odds indicate the amount of money you could win for each $100 you wager. If you win, the payout would be more than the same size wager betting into negative odds. Team B at +130 implies about a 43.48% probability of winning. If you bet $100 on Team B, you stand to win $130 profit ($230 total return) if Team B pulls off the upset. All betting odds (in any format) can be converted into an implied probability.

Point spread bets (as opposed to moneyline bets) typically have a 10% vig. Then, if you win, the sportsbook will pay you $210 (the $110 you spent on the wager plus an additional $100 in winnings). A key reason why is the lack of a good understanding of betting odds. I’ve also created an Odds Converter tool that will help you convert fractional, decimal and moneyline odds into your preferred format.

Read next

Read on for a clear breakdown of how fractional odds work and how to use them if you plan on placing a bet. Fractional odds are one of the most common ways to show the potential return in UK betting. For those new to betting, these numbers can seem confusing at first. Next, express this number as a fraction with the number 1 as the denominator. For instance, if the decimal odds are 4.0, subtracting one gives you 3. In our Gamblers Bet deep dive, we’ll break down everything from bonuses and VIP rewards to payment methods, game selection, and more, so you can decide if MidasLuck deserves your wager.