100 1 Odds Meaning
Decimal = (Positive US odds + 100) / 100. Let's calculate the example above; we staked 100$ to win at +150 odds. ( 150 + 100 ) / 100 = 2.50. Unfavourable odds always have a minus symbol (-) in front of the number. Suppose a bookmaker offers -120 for a team to win the game. We stake 120$ to make 100$ profit + 120$ stake back. What Do The Odds Mean? American Odds always use a baseline value of $100. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. A -135 favorite means you must risk $135 to win $100 from the sports book.
Decimal odds are the most common way online bookmakers present their odds to customers. Decimal odds are often called European odds, as they are most commonly used by sports bettors in Europe, Australia, and Canada. They are simple to understand, making them a favorite across the world for bookmakers and sports bettors.
Understanding Decimal Odds
Decimal odds take two seconds to calculate, they are simply your stake multiplied by the odds, which then equals your payout. A simple formula for decimal odds is:
In a football match where there are three outcomes, you can add up the odds to just how the bookmaker makes their money. On an event with two outcomes, say a tennis match, one player is trading at 1.9 and the other at 2.0. The formula for calculating a bookmaker margin is this 1/odds.100 + 1/odds.100. In this case it is 1/1.9.100 + 1/2.0.100. Original Bet 100 x Decimal Odds 1.82 = Your Potential Winnings $182. Your potential net profit is $82, a stake of $100 and $82 in winnings. Let’s look at another example. You are backing Tottenham, a big underdog in their match for $100 at 2.75 decimal odds. The math for your bet looks like this: 100 x 2.75 = 275.
Your Stake x Odds = Payout
100/1 Odds Meaning
Let’s look at a few examples.
Say you are backing Manchester United and Man U’s decimal odds to win are 1.82, if you wagered $100 your potential return on your bet would be $182. Remember that this counts your original stake of 100 dollars, so your net profit on a winning bet would be $82. The math looks like this:
Original Bet 100 x Decimal Odds 1.82 = Your Potential Winnings $182
Your potential net profit is $82, a stake of $100 and $82 in winnings. Let’s look at another example.
You are backing Tottenham, a big underdog in their match for $100 at 2.75 decimal odds. The math for your bet looks like this:
What Does 100-1 Odds Mean
100 x 2.75 = 275
You are risking $100 to win $275 with the potential for a $175 net profit.
Just remember that when using decimal odds, your original stake is calculated into your potential winnings. When determining your potential net profit, always remember to account for your original stake.
The breakeven odds for decimal odds betting are 2.0, as these odds will simply double your stake. Decimal odds below 2.0 are less than even money odds, the potential return will be less than your stake. Odds above 2.0 will be plus odds, meaning your potential return will be more than your stake.
Decimal odds are also the most economical way to bet parlays, because the true odds will be calculated. Unlike traditional parlays which are calculated by the number of teams, parlays bets placed with decimal odds with give sports bettors the fairest and most accurate odds, maximizing their edge, so keep this in mind when using the best betting sites.
Conclusion
Decimal odds are the most widely used odds across continental Europe and continue to spread to other parts of the world. It is imperative for the modern day sports bettor to understand decimal odds, as they are used at many online books and betting exchanges.