**LEARN FOREX BOOKSTORE**

Understanding betting odds with a decimal odds system is simple. The decimal odds state clearly how much money will be gained from a bet of 1 unit. Do watch as a 1 unit stake can mean 1, 10, or — just check to be sure you know the bookmakers unit stake of preference. Most decimal odds go out to 2 decimal places for greater accuracy of the odds. It is worth remembering that decimal odds include the return of the unit stake as well.

So decimal odds of 3. The next most common type of odds offered are fractional odds. Fractional odds are the odds most commonly used by UK bookmakers. 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 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.

We only recommend bookmakers that live up to the highest standards of quality in terms of size, customer support, fees, …. Our list of best online bookmakers is compiled with expert knowledge. The final kinds of odds in common use are American odds. It is a little bit less cumbersome in converting decimal odds to probability as well. Remember that when you are converting odds to percentages then there is always a bookmaker percentage worked into the deal.

It would be more. Converting probability to odds There is also the scenario of when you may need to convert a probability number to odds. This could be super useful when looking for Value Bets, where you assess your own chances of an outcome of a match. Once you have gotten the odds from your percentage prediction, then you can go hunt around for those odds which represent the best value for you.

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