What types of odds are there?

Depending on the region, bookmakers using different odds types. Here are the most common:

European Odds (Decimal odds)

To calculate your total payout if you win your bet when using European odds (decimal odds), simply multiply your stake with the odds given. If you want to calculate your net winnings, simply deduct your stake from the total payout.

Example:

"British" Odds (Fraction odds)

British bookmakers represent odds in the form of fractions. British odds function as follows: to calculate your net winnings simply multiply your stake with the odds given. Add your stake to calculate what your total payout will be if you win the bet.

Example:

"American" Odds

In the US a bet is determined from the "US$ 100 perspective". Favourites are displayed with a minus (-) and underdogs with a plus (+). For example: Odds +130 mean you must stake 100 USD in order to win 130 USD. Odds -150 mean you must stake 150 USD in order to win 100 USD. This is only for winning calculations. Your stake does not have to be 100 USD for every bet. With American betting interpretations, only the net winnings are quoted. To calculate the total payout, you must add your initial stake.

American betting also uses the "Money Line" which is the American format of victory bets. Money line bets are basically single bets. You bet on the victory of your favourite(s).