A Beginner’s Guide to Understanding Betting Odds

Understanding betting odds is fundamental to becoming a successful bettor. Odds represent the probability of an outcome and determine how much you can win. In this guide, we'll explore the three main types of odds.

Fractional Odds

Common in the UK, fractional odds (e.g., 5/1) show the profit relative to your stake. A £10 bet at 5/1 would return £60 (£50 profit + £10 stake).

Decimal Odds

Popular in Europe, decimal odds (e.g., 6.00) represent the total return for every £1 staked. A £10 bet at 6.00 returns £60.

Tip: To convert fractional to decimal, divide the first number by the second and add one.

Mastering these formats is the first step on your journey to making more informed bets.