Decimal odds are fractional odds are the most popular odds formats in the world, at least outside North America. Fortunately learning how to convert decimal odds to fractions is easy. Converting implied probability into moneyline is a bit more complicated than converting it into decimal or fractional odds. The calculation depends on whether the implied probability is above 50% or below. Under 1.5 goals bets are the opposite of over 1.5 goals bets. With these bets, you will receive a payout if the game ends in a total of 1 or 0 goals.
The loss by two goals results in a void of the entire stake. The loss by difference of three or more goals means the bet is lost. AH (+1.75) – the bet is won if your team wins, draws or loses the match by only goal. The loss by two goals results in a loss of the 50% of the stake and void of the rest of it.
As we said, one is not objectively better than the other, so as long as it is available, it simply comes down to your personal preference. And whatever you choose, with the help of our odds conversion calculator and betting odds table, they will be simple and easy to utilise and understand. So perhaps we should look at it from a more bottom-line perspective.
But even if you prefer to use fractional odds, it still makes sense to learn how to read decimal odds as they are becoming more widely used across the internet. Deposit, opt in and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days. Plus a £10 Game Show Bonus, selected games, wager 40x to withdraw a max of £250.
The main thing to remember when you see decimal odds is that they include the stake that will be returned to you. This is not the case with American or fractional odds. We work out which team or player in a match or event is going to triumph, and make our wager accordingly. Normally a two-way market, certain sports such as soccer also provide a third option – the tie – making it a three-way market. A study on soccer betting found that the probability for the home team to win was generally about 3.4% less than the value calculated from the odds (for example, 46.6% for even odds). It was about 3.7% less for wins by the visitors, and 5.7% less for draws.
You only lose if the games end in a score of 0-0, 1-0, or 0-1. In football, more than 70% of all goals end in a total of more than 1.5 goals. Of course, since there are no half goals in the sport, the bet can never end in a draw. Probability is a term which refers to the likelihood of an event occurring. Odds are a reflection of probability and a way to understand the level of probability it is implied that the operator expects that specific outcome to have. For example, 1/1 fractional odds are the same as 2.00 decimal odds and +100 American odds, and they all imply a 50% probability, or, they there is an even chance of an happening.