Decimal Odds

Decimal odds is one of the three ways in which odds are represented on sportsbooks and exchanges, with the others being American odds and fractional odds.

Decimal odds are a simple representation of the probability of a particular outcome taking place. What makes this format so popular is that it is extremely quick to calculate in terms of possible returns on bets placed.

Calculating decimal odds
One can calculate the potential return by multiplying the initial stake by the odds on offer. Let’s assume that Team A has odds of 1.80 to win a match. If one were to bet £10 on Team A winning, the payout would be equal to £18 (£10 x 1.80). Subtracting the total payout from the initial stake will leave you with net profit of £8 (£18 - £10).

For argument's sake, let’s assume Team B has odds of 1.20. If one were to place £10 on Team B winning, the payout would be £12 (£10 x 1.20). Net winnings would equal £2 (£12 - £10).

As is clear, it is straightforward reading and understanding decimal odds. It’s imperative to be able to use decimal odds as they are widely implemented across betting platforms.

Geographical Usage
Decimal odds are commonly used across Europe and in countries such as Australia and Canada. Fractional odds are more common in the United Kingdom, though decimal odds are usually available on sportsbooks if settings are changed. USA bookmakers use American odds first and foremost, though again, decimals can sometimes be selected as an option.