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Odds types

You can see on many places (at certain bookmakers) three types of odds presenting:

  • European odds: 1,50
  • British odds: 1/2
  • American Odds: -200

Here is how various odds are calculated:

European (Decimals) - in Bulgaria and most European bookmakers use European odds. We take a sample odds 1.50:

  • Profit = Stake * Odds $300 x 1.50 = $450
  • Net profit = Stake * (Odds - 1) $300 x (1.50 - 1) = $150

British (Fractions) - Most rarely you will see this odds type because the UK bookies usually offer European odds also. This is a very simple system in which the stake is divided into parts and immediately see how much you earn. Example 2 / 5 (if you split your bet of 5 parts, net income will be 2 of them):

  • Profit = Stake * (Odds + 1) $300 x (1/2 +1) = $450
  • Net profit = Stake * Odds $300 x 1/2 = $150

American odds - These are three-digit odds and can be positive or negative. If there is a minus in front of the odds means that the ratio is below 2.00. It's easier to calculate the positive ones. Examples with -200 и +275:

  • Profit = Stake * (1 + 100/ Odds) $300 x (1 + 100/200) = $450
  • Net profit = Stake * 100/ Odds $300 x 100/200 = $150
  • Profit = Stake * (1 + Odds /100) $300 x (1 + 275/100) = $1125
  • Net profit = Stake * Odds /100 $300 x 275/100 = $825

Example:  Chelsea - Blackburn

Odds European European European
1: Chelsea 1.50 1/2 -200
Х: Draw 3.75 11/4 +275
2: Blackburn 6.00 5/1 +500

 

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