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How do decimal odds work? |
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Administrator
Moderator
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Posted: 2010-04-29 20:26
Can anyone explain how decimal odds work? Am I old or what?
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Cue_Of_Thunder
Home away from home
Joined: 22-Mar-2006
Posts: 323
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Posted: 2010-04-29 20:42
2.0 is even money. I think they should leave decimal odds on the Exchanges.
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Administrator
Moderator
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Posted: 2010-04-29 21:30
OK, so is 7.0 the same as 6/1 then?
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PC
Official Pro9 Tipster!
Joined: 14-Mar-2006
Posts: 780
From: Leeds
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Posted: 2010-04-30 03:01
On 2010-04-29 21:30 , Administrator Wrote:!!! QUOTE !!! OK, so is 7.0 the same as 6/1 then? Yes basically you can multiply your stake by the odds and that gives you the return. Decimal odds are completely wrong in my opinion and they should stay as they are..... They have changed over time though as odds used to be based on money odds (money to money) such as 100/7 used to exist but now bookies use 14/1 instead which shaved about a 1/4 of the stake of the return. ----------------- 
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andystoke
Home away from home
Joined: 21-Apr-2006
Posts: 226
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Posted: 2010-04-30 05:11
just work it out like you are putting a £1 bet, the decimal is what you get back odds are 5.5, £1 pays £5.50 (including your stake) [ This message was edited by: andystoke on 2010-04-30 05:11 ]
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malaguista
Home away from home
Joined: 14-Mar-2006
Posts: 1176
From: Spain
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Posted: 2010-04-30 08:39
So it is 9/2 then ?
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OJD
Just can't stay away
Joined: 24-Dec-2009
Posts: 147
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Posted: 2010-04-30 08:43
It's a lot easier in my opinion. What's your return on a £31 bet at 8/11? **** knows.
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malaguista
Home away from home
Joined: 14-Mar-2006
Posts: 1176
From: Spain
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Posted: 2010-04-30 10:04
I wouldn´t bet at 8/11 so it doesn´t matter but if I did I would expect to get back £53.54.
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andystoke
Home away from home
Joined: 21-Apr-2006
Posts: 226
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Posted: 2010-04-30 11:17
On 2010-04-30 08:39 , malaguista Wrote:!!! QUOTE !!! So it is 9/2 then ? yes...
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