HOW TO CALCULATE FRACTIONAL ODDS

[Hannman]

Fractional odds are more common in the UK and Ireland. It is important to know if you must learn how to read sport betting odds. Fractional odds are represented as two numbers separated by a slash (e.g. 2/1). This number represents the amount of money that a bettor would win for every unit of currency wagered. The first number represents the potential payout (profit) and the second number represents the stake (amount bet). For example, if the odds are 2/1, a 100 Naira bet would win 200 Naira (potential profit) plus your original stake of 100 Naira, giving a total payout of 300 Naira.
To calculate the decimal odds equivalent of fractional odds, you add the two numbers together and divide by the second number, then round to two decimal places. For example, if the odds are 2/1, you add 2 + 1 = 3, then divide by 1 to get 3.00.

Here’s an example:

Let’s say you want to bet on a horse race, and the fractional odds for your horse are 5/2.

To calculate the decimal odds equivalent, you add 5 + 2 = 7, then divide by 2 to get 3.50.

To calculate the potential payout of a 1,000 Naira bet on the horse, you multiply the stake by the first number in the fractional odds and then add the stake back. So, for a 1,000 Naira bet on a horse with fractional odds of 5/2, the potential payout would be (1,000 x 5/2) + 1,000 = 3,500 Naira.

So, if the horse wins the race, your payout would be 3,500 Naira. If it loses, you would lose your 1,000 Naira bet.

 

[Baniro]

Fractional odds are commonly used in sports betting to represent the potential payout in relation to the amount wagered. To calculate fractional odds, you need to determine the ratio between the potential profit and the amount of the bet. The odds are typically displayed as a fraction, such as 2/1 or 5/2.

 

[saoussen5765]

It could be 2/1 but the value is close to 2/1 like 1/0.49 or 1/0.48 in reality but casino could pay the difference while in classic odds like 1.29 it could be 1.283453 but to avoid much calculation it shows 1.29 just two numbers after points.

 

[Crazy_winner]

The potential profit you could earn from a wager if it wins is represented by the numerator. If the odds are 5/1, for instance, the numerator is 5 and the denominator is the amount you would need to bet to possibly win the profit represented by the numerator.

 

[saoussen5765]

The potential profit you could earn from a wager if it wins is represented by the numerator. If the odds are 5/1, for instance, the numerator is 5 and the denominator is the amount you would need to bet to possibly win the profit represented by the numerator.

Does is means odd is 5/1 means * 1.2 multiplier or 1/5 is *1.2 so could you label the numeric number for more understanding or *5 or even label with more examples and thank you very much.

 

[Btaliat]

Different people have come with different interpretation of how to calculate some odds. Though it is very good to know how do this. But I think the fractional odds is difficult than that of decimal odds.

 

[Kingstone]

Wow!, This explanation about calculation of fractional odd is well explanatory, I never know what or how to calculate fractional odd in Betting before but with the explanation above I now fully understand.

 

[swift]

The odds you are actually gambing with would determine how you would be earning ,that's why you should be concerned with the odds you are taking consideration as you keep gambing , a lot should be considered by you

 

[saoussen5765]

The odds you are gambling with would determine how you would be earning,that's why you should be concerned with the odds you are taking into consideration as you keep gambling, a lot should be considered by you

There is a thing called accept odd change means if the odd is lower in the final bet and then decreases from 2.5 to 1.25 then it is multiplied only by 1.25, especially in the live bets. Even in preset it could occur some times.

 

[swift]

There is a thing called accept odd change means if the odd is lower in the final bet and then decreases from 2.5 to 1.25 then it is multiplied only by 1.25, especially in the live bets. Even in preset it could occur some times.

i think Accepting odd changes is a common strategy used by many bettors, particularly in live betting markets where odds can fluctuate rapidly. By accepting the lower odds, you can potentially mitigate your losses and secure a profit, even if it may not be as high as originally anticipated

 

[Akuta]

Calculating fractional odds is a straightforward process that involves dividing the payout by the stake. Fractional odds are commonly used in British horse racing and other forms of sports betting. To calculate fractional odds, you need to know the payout and the stake. The payout is the amount of money you will receive if your bet is successful, and the stake is the amount of money you are betting.

The formula for calculating fractional odds is: Payout / Stake = Fractional Odds

For example, let's say you place a bet on a horse with a payout of £10 and a stake of £5. To calculate the fractional odds, you would divide the payout by the stake: £10 / £5 = 2/1. This means that for every £1 you bet, you will receive £2 in return if your bet is successful.

Another way to calculate fractional odds is to use the following formula: (Payout - Stake) / Stake = Fractional Odds

Using the same example as before, you would calculate the fractional odds as follows: (£10 - £5) / £5 = 1/1. This is equivalent to the decimal odds of 2.0, which means that for every £1 you bet, you will receive £2 in return.

It's worth noting that fractional odds can be expressed in different ways, such as 2/3 or 4/7. In these cases, you would need to calculate the decimal equivalent by dividing the numerator by the denominator. For example, 2/3 would be equivalent to 0.67, and 4/7 would be equivalent to 0.57.

 

[saoussen5765]

@Akuta I think you do not need to calculate anything as there are draw no bet or 50 % refund on some bets if meet certain kind of score or even cancelled events that could change the final value add to that broker is doing well by calculate everything instead of you.

 

[swift]

@Akuta I think you do not need to calculate anything as there are draw no bet or 50 % refund on some bets if meet certain kind of score or even cancelled events that could change the final value add to that broker is doing well by calculate everything instead of you.

I think is important to note that responsible gambling involves being informed of the risks and potential rewards of gambling, including understanding the odds and how different types of bets work. While bookmakers may offer refunds or other types of insurance on bets, it is still important for the individual to understand how these work

 

[saoussen5765]

I think is important to note that responsible gambling involves being informed of the risks and potential rewards of gambling, including understanding the odds and how different types of bets work. While bookmakers may offer refunds or other types of insurance on bets, it is still important for the individual to understand how these work

Like for example Over 131.5 and 50 % refund when 132 - 133 especially in basketball events means if you bet 10 euros you will get 5 euros refund instead of lose your bet or the value at this event better than nothing, this is a small example on how case is operating on these system and not odd * 0.5.

 

[Ganardo]

Fractional odds are commonly used in sports betting to represent the potential payout in relation to the amount wagered. To calculate fractional odds, you need to determine the ratio between the potential profit and the amount of the bet. The odds are typically displayed as a fraction, such as 2/1 or 5/2.

Fractional odds in sports betting represent the potential profit relative to the stake. For instance, odds of 2/1 mean you could win $2 for every $1 you bet, plus your original stake back if your bet wins. Similarly, odds of 5/2 imply a potential profit of $5 for every $2 wagered.