Lesson 2: How Do Betting Odds Work?

We view odds as decimal to make this process easier!

Betting odds in the UK are commonly presented in two formats: fractional and decimal. These odds help bettors assess the likelihood of an event occurring and determine potential payouts.

Decimal odds are presented as a numerical value, such as 4.00 or 2.50. The number represents the total payout, including the original stake. For instance, with 4.00 odds, a £10 bet would result in a total payout of £40 (including the original £10 stake) if the bet wins. Similarly, 2.50 odds would mean a £10 bet results in a total payout of £25.

Calculating potential profit with decimal odds involves multiplying the bet amount by the decimal odds. In the examples above, a £10 bet at 4.00 odds yields a £30 profit (total payout - original stake), while a £10 bet at 2.50 odds results in a £15 profit.

*We recommend converting your odds to decimal on all betting sites which you can do within the settings area.