Decimal odds are equal to the amount you will win for every $1 wagered and includes the total payout, including your Risk and Win amount. Payout calculation can be done as follows:
Your Stake (Risk) x Odds = Payout
Let’s look at an example:
You select the Lakers (-5.5) on the Spread. The decimal odds are 1.909 and you wagered $100, the potential return on your bet would be $191.
Remember that this takes into account your original stake of $100 dollars, so your net profit on a winning bet would be $91. Here is how this translates:
Original Bet $100 x Decimal Odds 1.909 = Your Potential Winnings $191.
Your potential net profit is $91, a stake of $100 and $91 in winnings.
How to change the odds format to Decimal:
1. Click the silhouette icon at the top of any page, then select ‘Profile Settings’.
2. Click the arrow next to Sports Odds and select ‘Decimal Odds’ from the menu.
3. Click ‘Save’ to lock in your changes.
Decimal odds are often called European odds, because they are most commonly used by sports bettors in Europe, Australia, and Canada.
RELATED TOPICS:
Did you find what you were looking for?