Here's how you can calculate potential winnings using each format:

Decimal Odds: Let's say you have a decimal odd of 2.5 and you want to place a $50 bet. To calculate your potential winnings, you can multiply your stake by the decimal odds: Potential Winnings = Stake Amount x Decimal Odds Potential Winnings = $50 x 2.5 = $125

Fractional Odds: Fractional odds are typically represented as a fraction (e.g., 3/1) or as a ratio (e.g., 3:1). In this case, the first number in the fraction represents the potential profit, while the second number represents the stake amount. To calculate potential winnings with fractional odds, you can use the following formula: Potential Winnings = (Stake Amount x Numerator) / Denominator + Stake Amount

How do you calculate potential winnings in sports betting?