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A brief explanation of odds |
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In a normal odds bet, you will be given odds based on the anticipated outcome of the event.
If there is an equal chance for two teams to win an event then the odds are 1 to 1 or even so this is known as an even money bet.
If you want to bet on the team that are not favored to win, you will receive more favorable odds that reflect their status. For example, betting £10 on the underdog to win at odds of 4 to 1 means that you will win £40 (plus your original stake).
If you bet on the team expected to win, you will certainly receive less favorable odds and for example if you bet at odds of 3 to 5, you would win £3 for every £5 you bet (plus your original stake).
The odds for any event can be displayed either as a decimal or as a fraction. The fraction shows how much you stand to win excluding your original sports bet which you will also get back.
A decimal shows the total amount you will get back (including your original sports bet). For example, placing a bet at odds of 2.40 means you receive £240 for every £100 wagered. The £240 you receive includes the original £100 bet plus your profit of £140.
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Sports Betting 