{"id":15,"date":"2023-10-15T23:31:00","date_gmt":"2023-10-15T23:31:00","guid":{"rendered":"https:\/\/stonefirepizzaco.com\/?p=15"},"modified":"2023-10-15T23:31:09","modified_gmt":"2023-10-15T23:31:09","slug":"calculate-possible-payouts","status":"publish","type":"post","link":"https:\/\/stonefirepizzaco.com\/calculate-possible-payouts\/","title":{"rendered":"Decimal Odds Demystified: A Better Way To Calculate Possible Payouts"},"content":{"rendered":"\n<p>Whether you&#8217;re new to sports betting or a seasoned pro, determining possible payouts for your wagers is a crucial skill. Traditionally, most UK betting sites have used fractional odds (12\/5, 1\/2, etc). However, decimal odds are rapidly gaining popularity worldwide and offer some distinct advantages when calculating potential profits. In this article, we&#8217;ll explain what fractional odds are, how to read them, and most importantly, how they can help you quickly calculate exact potential payouts on your bets. Let&#8217;s get started!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Are Fractional Odds?<\/h2>\n\n\n\n<p>Fractional odds represent the potential profit you would receive on a winning bet per unit wagered. They are expressed as two numbers separated by a slash &#8211; e.g. 12\/5, 4\/1, 1\/2.<\/p>\n\n\n\n<p>Some examples:<\/p>\n\n\n\n<ul>\n<li>12\/5<\/li>\n\n\n\n<li>5\/2<\/li>\n\n\n\n<li>1\/4<\/li>\n<\/ul>\n\n\n\n<p>The key thing to understand is that the number before the slash is the profit made on a winning \u00a31 bet. The number after is the amount you need to wager to win that profit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to Calculate Payouts with Fractional Odds<\/h2>\n\n\n\n<p>Calculating possible payouts with fractional odds just requires a simple formula:<\/p>\n\n\n\n<p>Stake x (Numerator \/ Denominator) + Stake = Total Payout<\/p>\n\n\n\n<p>So for example, let&#8217;s say you place a \u00a350 bet at odds of 5\/2:<\/p>\n\n\n\n<p>\u00a350 x (5\/2) + \u00a350 = \u00a3150<\/p>\n\n\n\n<p>Therefore, if your \u00a350 bet wins at odds of 5\/2, your total payout would be \u00a3150. This includes your original \u00a350 stake plus \u00a3100 profit.<\/p>\n\n\n\n<p>The main benefit of fractional odds is that they allow you to quickly calculate exact payouts.<\/p>\n\n\n\n<p>Comparing Fractional Odds Values: Looking at the fractional number also tells you the implied probability for that outcome.<\/p>\n\n\n\n<p>Lower fractions like 1\/5 indicate the outcome is more likely to happen. Higher fractions like 5\/1 or 10\/1 indicate an unlikely event.<\/p>\n\n\n\n<p>So when comparing betting opportunities, you can use the fractions to find the most valuable odds.<\/p>\n\n\n\n<p>For example:<\/p>\n\n\n\n<ul>\n<li>Horse A at 2\/1 (\u00a32 profit for every \u00a31 staked)<\/li>\n\n\n\n<li>Horse B at 10\/1 (\u00a310 profit for every \u00a31 staked)<\/li>\n<\/ul>\n\n\n\n<p>This shows that Horse B is the underdog with higher potential payout at 10\/1.<\/p>\n\n\n\n<p>Here is a table comparing decimal odds to more complex fractional odds:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Decimal Odds<\/strong><\/th><th><strong>Fractional Odds<\/strong><\/th><th><strong>Explanation<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1.25<\/td><td>1\/4<\/td><td>Simple fractional odds<\/td><\/tr><tr><td>1.40<\/td><td>2\/5<\/td><td>More complicated fraction<\/td><\/tr><tr><td>1.62<\/td><td>8\/13<\/td><td>Fraction with larger numbers<\/td><\/tr><tr><td>1.28<\/td><td>15\/25<\/td><td>Fraction with multiple digits<\/td><\/tr><tr><td>6.60<\/td><td>11\/2<\/td><td>Mixed number fraction<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>As you can see, some decimal odds convert to clean fractional numbers like 1\/4.<\/p>\n\n\n\n<p>However, other decimals lead to more complicated fractions like 8\/13 or 15\/25 when converting the payout ratios.<\/p>\n\n\n\n<p>Still, even with complex fractions, the same payout calculations apply:<\/p>\n\n\n\n<p>Stake x (Numerator \/ Denominator) + Stake = Total Payout<\/p>\n\n\n\n<p>So, while the fractions may seem unintuitive, the payout mathematics remain consistent.<\/p>\n\n\n\n<p>The benefit of decimal odds is avoiding these complex fractions altogether and offering a simpler representation for the payout ratio on a bet. Decimals allow you to bypass the fractions and directly calculate potential winnings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you&#8217;re new to sports betting or a seasoned pro, determining possible payouts for your wagers is a crucial skill. Traditionally, most UK betting sites have used fractional odds (12\/5, 1\/2, etc). However, decimal odds &hellip;<\/p>\n","protected":false},"author":1,"featured_media":16,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Decimal Odds Demystified: A Better Way To Calculate Possible Payouts - ROIBetsInsight<\/title>\n<meta name=\"description\" content=\"Whether you&#039;re new to sports betting or a seasoned pro, determining possible payouts for your wagers is a crucial skill. 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