Odds represent the probability of a particular outcome occurring in a sporting event. They indicate how much money you can win if your bet is successful.
There are three main formats for displaying odds:
1. Decimal Odds: This is the most common format used in Europe and Australia. It represents the amount you'll win for every unit staked. For example, if the odds are 2.00, you'll win €2 for every €1 staked (including your original stake). So, if you bet €10 at odds of 2.00, you'll receive €20 if your bet wins.
2. Fractional Odds: This format is commonly used in the UK. It represents the ratio of the amount won to the amount staked. For example, odds of 1/1 (evens) mean you'll win €1 for every €1 staked. So, if you bet €10 at odds of 1/1, you'll receive €20 if your bet wins (including your original stake).
3. American Odds: Also known as moneyline odds, this format is commonly used in the United States. It can be displayed as either a positive or negative number. Positive odds show how much profit you'll make on a €100 stake, while negative odds show how much you need to stake to make a €100 profit. For example, odds of +200 mean you'll make a €200 profit on a €100 stake. Odds of -200 mean you need to stake €200 to make a €100 profit.
You can usually choose your preferred odds format in the settings of your sportsbook account, or, if you are on a PC you can scroll down and on the left-hand side you will find the Odds Format.
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