Probability race who will win out of 5 plus#

Probability race who will win out of 5 plus#

Hence, decimal odds of 1.5000 imply that if a $1 bet were to win, $1.50 would be returned to the bettor (the $1 initial stake plus $0.50 in winnings), while decimal odds of 3.0000 imply that if a $1 bet were to win $3 would be returned to the bettor (the $1 initial stake plus $2 in winnings).ĭecimal odds of 1.5000 and 3.0000 are the equivalents of US odds of -200 and +200, respectively. It represents the number of dollars that would be returned if the bet wins including the initial stake. Using US-style odds, even odds bets are quoted as +100.ĭecimal-style odds (most common outside the US, UK, and Ireland) are quoted as a positive number greater than 1 (typically displayed to 2 or more decimal places). Hence, US odds of +200 imply a bettor would need to risk $100 in order to win $200 (so were he to win he would receive the $100 initial stake plus $200 in winnings). When quoted as a positive number the odds figure represents the unit amount a player would win were he to risk 100 units. Hence, US odds of -200 imply a bettor would need to risk $200 in order to win $100 (so were he to win he would receive the $200 initial stake plus $100 in winnings). When quoted as a negative number the betting odds figure represents the unit amount a bettor would need to risk in order to win 100 units. US-style odds (most common, not surprisingly, found in the United States) are quoted as either a positive or a negative number.

Many Asian oriented sportsbook will also quote odds in “Hong Kong” style, “Indonesian” style, and “Malaysian” style formats. Traditional or “Fractional” style (aka “British” or “traditional”). There are three major formats in which most online sportsbooks quote odds:Įuropean Style or “Decimal” style (aka “European” or “continental”).