Betting odds are calculated by the probability of
something happening. For example, if the odds are 4-1 this suggests there 👍 is a 1 in 5
chance of winning (4+1), or calculated as 1 / (4+1) = 0.2 which means there 👍 is a 20%
chance of the outcome happening. The winnings you would receive from a bet is
calculated by multiplying 👍 your stake by the odds. So a stake of £1 would pay £4 profit,
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Decimal odds explained\n\n For example, aR$100 bet made at decimal odds of 3.00 would returnR$300 ($100 x 3.00):R$200 in profit and the originalR$100 amount risked. AR$100 bet made at decimal odds of 1.50 would returnR$150:R$50 in profit and the originalR$100 amount risked. The odds indicate how many times your stake will be multiplied in your total payout. For example: AR$100 bet at 1.50 odds will pay out $150 ($50 profit, plus yourR$100 stake). |
