It’s important to understand the basics before you to start betting. To help you on your way we’ll explain the difference between fractional and decimal odds. This is basically what you need to know in order to get started and on your way to betting like a pro.
What’s the difference between Fractional and Decimal Odds?
The 1st number in the fraction is your potential winnings and the 2nd number is the amount you need to bet to win.
When you see a bet that says 2/1, this means if you bet 1 and win, you will make 2 profit. On winning bets, you also get your original stake back so you would receive 3.00 in total.
When the suggested stake is no longer 1, it can get more complicated but you’ll soon get used to it. 5/2 means that if you bet 2, you could win 5. However, you don’t have to bet£2 – it’s written this way because 2 is the first whole number that will give you another whole number in winnings (in this case, 5). If you bet 1, you would win 2.50 instead.
Decimal odds are easier to understand, so they are great for those who are new to betting. The use of these odds gets rid of the need to use round whole numbers. The decimal odd displayed is simply the amount you would win if you bet exactly 1 (you would also still get your stake back too, of course).
For example, if a decimal odd is 0.5, a 1 bet will give you 0.50 profit – it’s the same as ½ but it’s clear without any maths. You also receive your 1 stake so you would have 1.50 in total.
You will need to do some sums when you stake any amount other than 1. This is only one calculation – just multiplying. If you bet 10 on 0.5, you simply multiply 10 x 0.5 to get 5. You don’t need to do this when staking 1 because multiplying by 1 results in the same number.
Most sites will let you know your potential return when you enter how much you want to bet (your stake). Now its time to find out all you need to know about football betting.