For example, you want back Manchester City to win the Champions League: If you enjoy placing single bets, calculating profits on your betslip is anything but difficult as your stake is multiplied by the odds. How to calculate profits on your betslip?įirst thing you need to do before placing a bet is to choose the type of bet you are making. To make things even better for punters, they will receive a notification every time odds drop or rise. Not only your betslip contains information about total odds, but you can check the markets, the stake, and the estimated payout as well. You can choose from various betting markets, but regardless of your favourite sports and competitions, total odds on your betslip are always calculated the same way. If you want to place a bet, you must add at least one selection to your betslip. Learn more about implied probability.A betslip is a (online) ticket that helps you create different types of bets. It is typically expressed as a percentage. As with all measures of probability, the implied probability always falls in the range 0 <= implied probability <= 1. Implied probability is the probability of an outcome occurring as implied by the bookmaker odds. Note that both 1 and -1 are equivalent to decimal odds of 2.00.įor decimal odds between 1.00 and 2.00: Malay = decimal – 1įor decimal odds above 2.00: Malay = -1 / (decimal – 1)įor Malay odds between 0 and 1: decimal = Malay + 1įor Malay odds between -1 and 0: decimal = (-1 / Malay) + 1 Malay odds fall between -1 and 1, but cannot equal zero. When negative, Malay odds represent the number of units needed to be wagered in order to win 1 unit. When positive, Malay odds express the net return from a winning 1 unit bet. 3.00 in decimal odds equals +200 in American odds)įor American odds >= +100: decimal = (American / 100) + 1įor American odds = 1: decimal = Indonesian + 1įor Indonesian odds <= -1: decimal = (-1 / Indonesian) + 1 Note that +100 and -100 are both equivalent to decimal odds of 2.00.įor decimal odds between 1.00 and 2.00: American = -100 / (decimal – 1)įor decimal odds above 2.00: American = (decimal – 1) * 100 (often expressed with a + in front, e.g. When positive, American odds express the number of units that can be won from a 100 units wager. When negative, the American odds indicate the number of units that would need to be successfully wagered to win 100 units. 1.50)įractional to Decimal: Fractional = decimal – 1 (expressed as a fraction, e.g. A winning $10 bet at 1/2 fractional odds would return $15.00 for a $5.00 profit (50% return).ĭecimal to Fractional: Decimal = fractional + 1 (expressed as a decimal number, e.g. A winning $10 bet at 1.50 decimal odds would return $15.00 for a $5.00 profit (50% return).įractional odds express the net return (in fractional form) from a winning 1 unit bet. Live American Football Scores & Resultsĭecimal odds represent the total return from a winning 1 unit bet.Historical Twenty20 Big Bash Results and Odds Data.Historical Super Rugby Results and Odds Data.Historical A-League Results and Odds Data.Bookmaker Ownership Structure in Australia.Staking Plans that Adjust for Bookmaker Odds and Bet Ratings.Maximising Expected Return to Risk Ratio.Implied Probability and Expected Return.
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