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Odds are numbers, which are used to calculate
how much you can win at a given stake. In general the rule is the higher
odds the lower probability of winning. Basically odds can be presented in
three different formats. Depending on which markets the bookmaker targets,
odds are presented by either the European, British or the American standard.
Some bookmakers support more than one of these standards.
Please note, that when converting odds into the
British standard, round-off errors may occur, since some odds don't have an
exact translation into British-style fractions. Here, will show the nearest
fractional odds.
Below is an example of how odds are presented
in different ways.
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Example: Brazil vs. England (Soccer) |
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|
Europe |
UK |
US |
|
1: Brazil |
1,40 |
2/5 |
-250 |
|
x: Draw |
3,75 |
11/4 |
+275 |
|
2: England |
5,00 |
4/1 |
+400 |
Calculations with the various odds formats are
done with a stake of $200 on Brazil to win.
It is important to distinguish between the
payout to your betting account after a win, and your winnings, which is the
payout minus your stake.
European Odds (decimals)
European odds multiplied by your stake
equals the payout. The odds show how many units the bookmaker pays out per
unit staked.
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Example: Home win to Brazil over England,
Euro odds 1.40 |
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Payout: |
Stake x Euro odds 200 EUR x 1.4 |
= 280 EUR |
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Winning: |
Stake x Euro odds 200 EUR x 1.4 |
= 280 EUR |
UK Odds (fractions)
US odds can be divided into positive
odds and negative odds. Negative odds show how big a stake is needed for a
winning of 100 units. Positive odds show how big your winnings are if you
bet 100 units.
|
Example: Home win to
Brazil over England, UK odds 2/5 |
|
Payout: |
Stake x (UK odds + 1) 200
EUR x (2/5 +1) |
= 280 EUR |
|
Winning: |
Stake x UK odds 200 EUR x
2/5 |
= 280 EUR |
US Odds
US odds can be divided into positive
odds and negative odds. Negative odds show how big a stake is needed for a
winning of 100 units. Positive odds show how big your winnings are if you
bet 100 units.
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Negative Odds(necessary
stake for a winning of 100 units): |
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Example: Home win to Brazil over England,
US odds -250 |
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Payout: |
Stake x (1 + 100/US odds) 200 EUR x (1 +
100/250) |
= 280 EUR |
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Winning: |
Stake x 100/US odds 200 EUR x 100/250 |
= 280 EUR |
Notice that the negative sign in front of the
odds is changed in the calculation. The number has to be positive.
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Positive Odds(winning
with a stake of 100 units): |
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Example: Draw in Brazil
vs. England, US odds +275 |
|
Payout: |
Stake x (1 + US odds/100)
200 EUR x (1 + 275/100) |
= 750 EUR |
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Winning: |
Stake x US odds/100 200
EUR x 275/100 |
= 550 EUR |
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