Fractional odds

The UK Bookmakers preferred odds are the fractional odds, which are also known as the British odds or the UK odds. This type of odds quote the net total paid out to a bettor in case of a win, relative to his stake. Here’s an example for you:

Let’s assume that a gambler made a bet of $10. On a win with 6/1 odds (to be read: “Six-to-one” or “Six-to-one against”) it means he won $60 on a $10 bet and also, his stake is returned so he has a total return of $70.

On a $60 bet and with the odds quoted at 1/6 (to be read: “sixr-to-one on”) the player will have a profit of $10. Odds of 1/1 are normally called evens.

Decimal odds

The Continental Europe and Canada prefer another type of odds, namely the decimal odds. They represent the total amount that will be paid out to the player together with their initial stake. An easier definition for you would sound like this:Â decimal odds of an outcome are the same as the decimal value of the fractional odds, plus one.

In UK, the decimal odds are also known as European odds or Continental odds.

So, the 6/1 fractional odds already discussed, transformed in decimal odds would be quoted in the form of 7 (1+(6/1)).

The fractional odds quoted at 1/6 transformed in decimal odds would be quoted as 1.167 (1+(1/6)).

Decimal odds are the simplest form of odds and is easy to work with them in trading, hence the reason why betting exchanges prefers them.

Moneyline odds

American bookies favor the moneyline odds. The moneyline odds are quoting how much money must be wagered to win $100 when the figure quoted is negative. This is done in the case when the odds quoted are better than even.

In case the quoted figure is positive, the odds are calculating the sum of money to be won on a $100 bet. This is done if the odds are worse than even.

Even odds can either be quoted as $100 or -$100. Fractional odds of 6/1 would be quoted as (+)£600, while fractional odds of 1/6 would be quoted as -$600.