How to Read Odds


How-to-read-odds.jpg#asset:1207

Stepping into the world of betting without knowing how to read odds would be the biggest mistake you can ever make.

There would be no betting if the odds didn’t exist and they are arguably the most important aspect of the betting process. Not only do they determine the value of a certain outcome in a match, race or any other (sporting) event you can bet on but betting odds can point towards the probability of an outcome occurring.

Therefore, learning to read the odds is the first thing you want to do as a bettor.

Betting Odds Types

There are several different types of betting odds that are used at various geographical areas.

Two of the most common types are the fractional and decimal odds, mainly used at the European continent. You also have moneyline betting odds over on the American part of the world but those are not of interest for this particular article.

There are of course other types such as Point Spread or Over/Under aka the Total but the aforementioned two are the most commonly used types for fixed-odds betting we are interested in.

Fractional Odds

United Kingdom and Ireland are two places fractional odds originate from and continue to be used as the preferred betting odds type.

Fractional Odds represent the net total that a bettor will receive relative to the stake involved in a bet. The fraction in question stands for the amount of stake that the upside outcome represents.

Displayed as 1/2, 5/1 or 7/2, the fractional odds can best be understood in relation to the stake. If you wish to invest £1 on a team valued at 5/1 betting odds, you will end up winning £10 if your selection goes through. On the other hand, if you bet £10 on the 1/2 betting odds your winnings are £5. Ultimately, betting on 7/2 betting odds will see you win £7 and receive your £2 stake back.

The 1/2 odds and subsequent forms of a lower-value bet such as 2/7 or 1/10 are referred to as ‘Odds-On’ where you need to invest £2 to win £1, or stake £7 to win £2.

The easiest way to calculate your winnings from the 7/2 fractional odds is as follows:

((Stake/denominator) x numerator) + stake: (£10/2 x 7) + £10 = £45

Decimal Odds

Continental Europe is where decimal odds are most commonly spread, but they are used in Australia, New Zealand and Canada as well. They are quite easier to understand and read than fractional odds and are slowly becoming the standardized valuation of a bet with bookmakers around the globe.

Instead of dividing the numbers through a fraction and breaking your head with advanced mathematics, decimal odds present you with a simple multiply option to get a look at your potential winnings.

Decimal odds are represented through numbers such as 1.50, 2.50, 3.10, 6.00 etc and are simply multiplied by your stake – of let’s say £10 – to give you a clear overview of the winnings which include the stake.

So with a £10 stake on the 1.50 odds, you can hope to land a full £15 win (£10 stake and £5 win). The higher the number, the higher your potential winnings. At 2.50 betting odds, your £10 bet will yield a £25 win. It’s £31 on 3.10 odds and £60 on the odds of 6.00.

Best 10 New Bookmakers

£20 SIGN UP HERE

18+, New sports customers only. Minimum wagering on the sport to activate the Bonus Bet is £10 (which can be achieved from a Min deposit of £10). Offer valid only to customers wagering on sport £10 or more and make a qualifying bet in accordance with the Bonus Bet Specific Terms and Conditions below.. 1st Place Prize: £1000. Prizes granted up to 48h after the tournament ends. Bonus Bet does not contribute towards the leaderboard. Click to see full T&Cs

£15 SIGN UP HERE

18+, New Players only, 1st deposit, Min Deposit: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater. T&Cs apply

£10 SIGN UP HERE

18+, New Players only, 1st deposit, Min Deposit: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater. T&Cs apply


£10 SIGN UP HERE

*18+. New UK customers only. Min bet £10 to receive £10 Free Bet (Valid for 35). Min odds of 3/5. Please gamble responsibly, www.begambleaware.org • T&Cs apply

£10 SIGN UP HERE

New customers only. Max one £10 free bet. Qualifying bets must be placed at min odds of 1/1 (2.00). Paid as a bonus token with min 4/5 (1.80) odds req.

£25 SIGN UP HERE

New customers only. Place a £25 fixed odds bet at minimum odds of 1/2. Qualifying bet cannot be placed in-play or cashed out early. When that bet has been settled, you will be given 5 x £5 free fixed odds bets on consecutive days. 1st Scorer Insurance: If your 1st Scorer pick doesn't score first but does score last, get your money back as a free bet up to £25 max. Ts&Cs apply. 18+ begambleaware

£50 SIGN UP HERE

18+. New customers only. First deposit min. £20. Wager min. £100 on any sportsbook-related markets, with min. odds of 4/5. £5 cash for each £100 wagered. Up to £50 cash in total. Deposit method restrictions apply. Full T&Cs apply. BeGambleAware.org

£10 SIGN UP HERE

18+ begambleaware.org. New Customers only. Place £20+ bet of odds 1/1 (2.00) or greater to receive your £10 surprise bet and 30 Free Spins. T&Cs apply

£20 SIGN UP HERE

New customers only. Strictly 18+ begambleaware.org. Minimum deposit £20. Place any sportsbook bet at minimum odds of 1.8(4/5) to receive your free £20 welcome bonus.

£30 SIGN UP HERE

Opt-In, bet £5 (odds 2.00+) Valid x 7 days. 3 x £10 Free Bets for set events (odds 2.00+) Card payments only. Additional terms for existing BetVictor customers apply, T&Cs Apply. 18+ begambleaware.org | Please gamble responsibly