Fractional and Decimal odds explained
If you are familiar with betting then you probably recognise odds like 5/1 or 4/5 but what does this mean for us when we place a bet. The odds indicate the probability of a result happening.
Odds against bets are when the left hand number is greater than the right hand figure, for example:
- 5/1 : £10 x 5 = £50 winnings
- 10/1: £10 x 10 = £100 winnings
- 20/1: £10 x 20 = £200 winnings
Odds on bets are when the right hand figure is larger than the left hand figure, for example:
- 1/5 : £10 / 5 = £2 winnings
- 1/10: £10 / 10 = £1 winnings
- 1/20: £10 / 20 = £0.50 winnings
However this doesn’t include our stake so calculating it this way doesn’t give us our total return. The way we do that is by converting odds to decimal. For matched betting using decimal odds is essential.
We have a handy odds converter on our site that will make this much easier for you but if you are out and about you can work it out in your head quite easily.
The way we convert fractional to decimal is by dividing both sides of the fractional odds and then adding 1. For example:
5/1 (five to one) would give us decimal odds of 6.0
(5 divided by 1 = 5) + 1 = 6.0
10/1 (ten to one) would give us decimal odds of 11.0
(10 divided by 1 = 10) + 1 = 11.0
4/5 (four to five) would give us decimal odds odds of 1.8
(four divided by five = 0.8) + 1 = 1.8
So 4/5 became 1.8
1.8 x £10 = £18 return (our £10 stake and £8 profit)
Tricky Bet Odds Converter
Using the trickybet odds converter is as simple as filling in the odds you have, whether it be fractional or decimal and then clicking covert. At the bottom of the page it will show you all figures you need.