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Fractional Odds (British) Fractional odds are given in fraction form. The first number to the left is the numerator and the second number to the right is the denominator of the fraction. The denominator is the wager and the numerator is the amount the wager will yield. Example 1: Wager on Chennai Super Kings at 10 to 15 fractional odds. For every Rs 15 wagered the potential net profit is Rs 10. A winner will get Rs.25 which is the sum of your original stake of 15 and the net profit of 10. Fractional Odds - Wagering on an Underdog or High Odds Bet In a high odds bet, the odds are more in your favour. For Example, when wagering for Kolkata Knight Riders the underdog at a 5 to 1 fractional odds, if you bet Rs. 100 and Kolkata Knight Riders win, you would get Rs.600/- (100 original bet + 500 net profit) Decimal Odds (European) This is the most popular used odds and its popularity is spreading from Europe across the world. It is the most economical way to bet, as the true odds are calculated making it the fairest and most accurate odds. In decimal odds, the pay-out is the stake multiplied by the odds. This means that the original stake is included in the pay-out. Pay-Out = Stake x Odds Example 1 Decimal odds for Mumbai Indians to win are 1.82. If you wagered Rs. 100 your potential profit would be Rs. 182 (Rs. 100 + 82) In Fractional Odds a similar wager on Mumbai Indians would be at 82 to 100. Example 2 Wager of Rs. 100 on Punjab Kings at 2.75 decimal odds Pay-Out = Stake x Odds Pay-Out = 100 x 2.75 = Rs.275/- In Fractional Odds it would be a wager on Punjab Kings at 175 to 100. It means that your risk of Rs.100 is taken against a chance to win Rs.275 at a net profit of Rs.175/- American Odds (Moneyline) This system uses a number system based on $100. Negative odds mean the amount that needs to be wagered to win $100. Therefore -110 would mean that you need to risk $110 in order to win $100. Positive odds mean the amount that will be won when $100 is wagered. Therefore +110 would mean that you need to risk $100 in order to win $110. The formula for Negative Odds are 100/((100/odds) +1), whereas the formula for positive odds are 100/((odds/100) +1). The breakdown of the formula is • 100/odds or odds/100 breaks the odds into the decimal amount on the amount to be won on the wager. For example, 100/120= 0.83 means that you will win 83% of the amount you risk • The +1 adds the wagered amount to the formula. .83 +1 = 1.83. This means if you wager 100, you will win $83 and get your $100 back. • 100/1.83 = 53.09. This means if you made 100 wagers, you would need 53.09% wins to get a return of 1.83 Conversion of US Odds to Decimal Odds Positive US Odds : Decimal Odds = (US Odds/100) + 1 Negative US Odds : Decimal Odds = (100/US Odds) + 1 Conversion of Decimal Odds to US Odds Decimal Odds >= 2 : US Odds = (Decimal -1) x 100 Decimal Odds < 2 : US Odds = (-100)(Decimal -1) Breakeven Odds Breakeven odds is the percentage of time to win the wager in order to breakeven. Breakeven Odds for Decimal Odds are 2.0 as it will double your wager. Decimal odds below breakeven odds (less than even money odds) are when the potential returns are less than your stake. Decimal odds above 2 (plus odds) is when your returns is more than your stake. Breakeven Odds for Fractional Odds are 1 to 1 as it will double your wager. Comparison of Same Wager If you wagered Rs. 100 with a potential profit or Rs. 90 Fractional Odds for RCB would be at 90 to 100. Decimal odds for RCB to win are 1.9 US Odds = (-100)(1.9 – 1) = -90 References https://www.sbo.net/strategy/fractional-odds/ https://www.bettingpros.com/articles/break-even-win-for-sports-betting/ https://www.sbo.net/strategy/decimal-odds/