Odds represent the likelihood of a specific outcome in a sporting event and determine how much money you can win if your bet is successful.
There are three main formats for displaying odds:
- Decimal Odds:
- Most common in Europe, decimal odds show the total amount you'll receive for every unit staked, including your original stake. For example, if the odds are 2.00, you'll win €2 for every €1 staked. So, a €10 bet at odds of 2.00 will return €20 (€10 profit plus your original €10 stake).
- Most common in Europe, decimal odds show the total amount you'll receive for every unit staked, including your original stake. For example, if the odds are 2.00, you'll win €2 for every €1 staked. So, a €10 bet at odds of 2.00 will return €20 (€10 profit plus your original €10 stake).
- Fractional Odds:
- Popular in the UK, fractional odds show the profit relative to the stake. For instance, odds of 1/1 (evens) mean you'll win €1 for every €1 staked. A €10 bet at odds of 1/1 will return €20 (€10 profit plus your €10 stake).
- Popular in the UK, fractional odds show the profit relative to the stake. For instance, odds of 1/1 (evens) mean you'll win €1 for every €1 staked. A €10 bet at odds of 1/1 will return €20 (€10 profit plus your €10 stake).
- American Odds:
- Common in the US, American odds can be positive or negative. Positive odds show the profit on a €100 stake, while negative odds show how much you need to stake to win €100. For example, +200 means you'll win €200 on a €100 bet, while -200 means you need to bet €200 to win €100.
You choose your preferred odds format in the settings of your sportsbook account, if you are on a PC you can scroll down and on the left-hand side you will find the Odds Format, as shown below.