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Types of Betting Odds

There is quite alot of difference in online betting and offline betting. There is no such terms used in offline betting while in case of Online Betting we come accross alot of Betting Term one of them is Betting Odds. In online betting not understanding betting odds is keeping oneself in the dark. To lay your bets with any prayer of a profit, it is critical to know the main types of betting odds, how to understand them and above all, how to play them correctly. Without knowing betting odds you are just as good as "Kala Akshar Bhains Barabar" so its better you understand this term carefully.

There are three types of Betting odding which are 1. Fractional Odds also known as English or UK Odds, 2. Decimal Odds also known as Europian Odds and 3rd is Moneyline Odds which is also known as American Odds. All these odds discribe how the odds are written.

1. FRACTIONAL ODDS or UK ODDS or ENGLISH ODDS:
Fractional odds are the odds most commonly used by UK bookmakers that is why it is also called as English Odds. These odds follow the same base as decimal odds in that they are figured from a 1 unit stake, but unlike decimal odds they express a different meaning. Fractional odds shows a particluar odds in a fraction of number like 1/4, 1/8,2/6 etc etc. Fractional odds tell a punter how much profit will be returned from a 1 unit stake as opposed to how much in total will be returned from a 1 unit stake. Lets take an example for a better understanding:

Fractional or English odds (a fraction, for example : 1/3 or 4/1)

Profit = Bet * Odds

If I bet 9 euros and I win a bet with the odds of 1/3, my profit is:

Profit = 9 * 1/3 = 3 euros


2.DECIMAL ODDS or EUROPIAN ODDS:
Decimal Odds are the most popular odds which is currently used by all the bookmakers around the world. understanding Decimal odds is very siple and its very easy to understand. In decimal odds we come to know how much money we will get by from a bet of 1 unit. Lets take an example for a better understanding:

European odds: (a number, for example : 3.2 or 5)

Earnings = Bet x (odds)

If I bet 10 euros and I win a bet with the odds of 5, my earnings are :

Earning = 10 x (5) = 50 euros

My profit is 40 euros


3. AMERICAN ODDS or MONEYLINE ODDS:
As the name tells American odds, it is commonly used in American bookmakers and its very much differs from other 2 odds. American Odds are based on a 100 stake and tells a positive and negative outcome. if its written positively then it tell how much profit you will get on a stake of 100 and on the other hand if its written in negatively then it tells how much of a stake is needed to make 100 on the bet. Lets understand it with an example:

American odds: (a positive or negative number, for example: -150 or 200)

Odds of -150 = I have to bet 150 USD to win 100 USD

Odds of 200 = I win 200 USD if I bet 100 USD

Profit for positive odds: Bet x 100 / (-odds)

Profit for negative odds = Bet x 100 / odds