How to Read and Calculate Decimal Format of Odds

Decimal format is the common choice when representing what a bettor stands to gain from a 1-unit stake at online betting sites in the UK and throughout Europe. It’s important to grasp that this total return encompasses both the original stake and the winnings. Therefore, learning this key detail allows punters to instantly understand the potential winnings from any amount staked.

The seasoned experts at BetReligion have broken this concept into a useful guide to help anyone get to grips with this widely used format. By leveraging this format, it offers a clear-cut, no-nonsense breakdown of possible earnings, making it easy for punters to wager with online sportsbooks.

Reading the Odds to Build Profits

Serving as a clear indicator, this particular format easily explains the total amount a bettor could pocket for each unit wagered, inclusive of the original amount. For example, consider a wager on a value of 2.0 with £10; the prospective profit is £20 (2 x £10).

BetReligion Football Example:

Take a football fixture with Manchester City squaring off against Liverpool. Manchester City is at 2.0, then a bet of £10 would return £20 if Manchester City wins. On a similar note, if Liverpool is set to 3.0, a winning £10 wager on Liverpool would yield £30. Consequently, as the value edges upward, the potential profits increase, though the likelihood of such an outcome will then start to decline.

This is one key insight that becomes invaluable for individuals looking to maximise their profits on sports betting platforms.

Learn How to How to Read and Calculate Decimal Odds

How To Calculate Decimals to Make the Most of Every Wager

Following a step-step guide surrounding this format will help those new at bookmakers available online. Our team has put together these five steps that can be utilised until the process becomes second nature:

  1. Pinpoint the Desired Outcome: The initial step is to pinpoint the outcome or event that punters are interested in. This encompasses many scenarios, such as a team winning a match, a player scoring a goal, or other special occurrences in sports games.
  2. Gauge the Likelihood: Estimate the probability of the event in question taking place. This evaluation can hinge on various aspects such as team statistics, recent performances, player condition, and other data. The precision of these estimates can sway the returns.
  3. Calculate the Amount: At this point, it is necessary to settle on the amount that will be wagered on the event. This should be an amount that the punter is prepared to part with, bearing in mind the fundamental risks associated with wagering on sports.
  4. Work Out the Prospective Profits: To figure out the potential profit, one must multiply the bet amount by the odds value. This sum will include both the original amount and the potential gains. For example, £10 at 1.5 yields a return of £15 (£10 wager + £5 gain).
  5. Review the Selection: Lastly, it is essential to decide whether the potential winnings offer value when measured against the risks involved. If the profit significantly outweighs the stake and there is confidence in the likelihood of the event happening, the bet should be placed.

Learn To Read Some of The Most Common Decimal Values

BetReligion, a respected resource among online betting sites provides a wealth of information and data that is integral in maximising the efficiency of every wager placed. Highlighted below are examples of this widely utilised format:

Unit ValueImplied Probability£10 Wager Payout
1,0199%10.1
1,283.3%12
1,2580%12.5
1,566.7%15
1,855.6%18
250%20
2,0548.8%20.5
2,147.6%21
2,1546.5%21.5
2,245.5%22
2,2544.4%22.5
2,638.5%26
2,835.7%28
333.3%30
3,231.2%32
3,2530.8%32.5
3,528.6%35
425%40
4,223.8%42
4,522.2%45
520%50
5,518.2%55
616.7%60
6,515.4%65
714.3%70
812.5%80
911.1%90
1010%100
156.7%150
512%510
671.5%670
1011%1010

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Master the Decimal Format & Find High-Value Bookies

Having a command of decimals is highly beneficial for punters when analysing online bookmakers for lucrative opportunities. The straightforward representation makes it easier for punters to compare potential returns across various platforms, and by understanding this format, anyone can swiftly assess the implied probability and expected returns, which are pivotal in making informed decisions. With so many bookies offering diverse value, proficiency in this area helps in identifying and capitalising on discrepancies across multiple platforms. Ultimately, such expertise leads to smarter strategies and an enhanced ability to maximise profits.