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Difference in decimal and fractional odds on betting

Difference in decimal and fractional odds on betting
We'll explain how each works and the main difference between them.
by Academia   |   comments 0

Anyone who has visited different betting sites may have noticed that there is more than one way for the odds of an event to be displayed. Among the various modes, the most common are decimal and fractional odds, and today we'll explain how each one works and the differences between them.

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Fractional odds cause a bit of strangeness but it is very popular in Europe and especially in the United Kingdom, so much so that it is also known as English odd. In England, these odds are famous for horse racing, and if you visit sites that specialize in this modality, you will probably find odds in this format.

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As the name implies, it is presented in the form of a fraction, where the number on the right means the bet amount and the number on the left means the amount that will be won if the bet is successful. For example, if a team is calling (2/1), it means that for every 1 dollar you bet, you will have 2 dollars in profit.
If you want to know how much you will win, depending on the amount that will be bet, just multiply the bet amount by the result of the fractional amount. An example: a team is calling (10/26) and your bet will be $50. Therefore, $ 50.00 x 10/26 (or 50 x 0.384) = $19.23.
Decimal odds are the form that you are perhaps most familiar with, as they are represented in the format: 1.38, 1.79, 2.00, etc. In that case, you will only have to multiply your bet amount by the offered odd, to know the total return that will be paid in case of a successful bet. By the way, this is one of the main differences between both formats, as the decimal shows the total return amount, while the fractional one shows the profit.
Taking the examples above, we will see that 10/26 or 1.38 represents the same thing. If we bet $50 x 1.38, the result will be 69.23, that is, the $50 bet + 19.23 profit. The difference, as we explained, is that one shows the total return value, while the other directly shows us the profit.
And how to transform a fractional bet to a decimal? In this case, the calculation is very simple, as it will only be necessary to divide the fraction offered and add the number 1. In other words:
Fractional Odd: 10/26
10/26 = 0.3846
0.3846 + 1 = 1.3846 (decimal odd)
That's why betting $50 on 1.3846 or 10/26 will give the same return, $19.23 profit.
Bookmakers currently offer these two ways to analyze the odds of a match. Naturally, as you are more used to it, decimal bets are preferred by the public, but as you can see, it will be no secret if you ever opt for the fractional format. If you enter the world of horse racing, you will probably have to be aware of this second option, as many sites still display statistics, data, and odds in English mode. Furthermore, the more information and knowledge you have, the better your ability to be prepared to work in this environment.
Another system that can also be seen on some websites and sports is the American format. It is much more complex and used for sports that have great popularity in the US, and consequently it is in the land of Uncle Sam that it will be common to check sites and sports offered in this format. We promise that at another time we will bring an article explaining in more detail the American odds. For now, continue to develop, with effort, studies, methods, because that way, even if decimal or fractional probabilities come, you will be prepared for any of them! Good luck.

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