Hong Kong odds are similar to the decimal format, but they do not include the return of your stake. Decimal odds of 1.80 therefore become 0.80 in Hong Kong style, while decimal odds of 3.00 become 2.00 in Hong Kong style. It essentially represents the number of units that would be collect...
How to use decimal odds to calculate the profit that a bookmaker has factored into a particular market (the overround), how to convert old-style fractional odds into decimal odds format and how to use decimal odds to help you take a dutching approach to
To convert American odds to decimal odds, you take the total payout of the wager and divide it by the amount wagered. For American odds with a negative value: Using odds of -130, you would need to risk $130 to win $100, so the total payout would be $230. ...
Use our odds converter to convert between US Moneyline Odds and European Decimal Odds, or vice versa. Moneyline Odds, American (eg -110): Decimal Odds, European (eg: 1.91): Cheat Sheet-200 = 1.50 -190 = 1.53 -180 = 1.56 -170 = 1.59 -160 = 1.63 -150 = 1.67 -140 = 1....
Odd: the mathematics of a bet. What are decimal odds When you are betting, you assign a value to the likelihood of the outcome of an event. It sounds complicated, doesn't it? Let's try to put it in simple words. Take an event with a defined set of outcomes. It can be any event...
Value = (Implied Probability * Decimal Odds) - 1 If the result is greater than 1, you have a value bet. Arbitrage Betting Arbitrage betting exploits discrepancies in odds offered by different bookmakers. Hedging Bets Hedging involves placing bets on all possible outcomes of an event to guarantee...
Perfect for those of you who are new to sports betting, our bet calculator will demonstrate the payout of your bet if you are unsure of how sports betting odds work. This could be for a simple single bet, accumulator, and by decimal, fractional, or American odds depending on your ...
Converting odds between different formats and calculating implied probability from odds are important skills in the world of betting and gambling. Learn the formulae for each type of odds calculation, including how to calculate implied probability.
Bet the best CFL odds & betting lines for Mar 11 by comparing live Football moneyline, spread, and Over/Under odds from online sportsbooks.
Decimal odds are referring to the potential return associated with a bet. This includes the stake. This is the easiest format to proceed with odds comparisons between the exchanges and bookmakers. All you have to do is multiple the odds by the amount that you are planning to bet. ...