Fractional odds are often used in the UK and Ireland, and sometimes they are also called traditional odds. When you look at fractional odds for the first time, they may look a bit confusing especially since there are so many different numbers involved. However, after reading this guide, you will know exactly how fractional odds work, understand what they mean and be able to place your bet with greater confidence.
Fractional odds show you how much you will get back for the bet you have played. The number to the left of the fraction shows the profit you can get if you play for the amount to the right of the fraction.
Fractional odds of 4/1, read as four to one, mean that you will receive four double profits for each unit you bet. In this example, if you bet £ 10, you will win £ 40 plus your bet of £ 10 and it gives you a total of £ 50.
Another example of fractional odds is 5/2. Although the number to the right of the faction has changed, the same principles apply. So, if you bet 2 GBP at odds that are 5/2 you will potentially be able to receive 5 GBP in winnings. Plus, you get back your original £ 2 bet.
At times, you may also see fractional odds, which appear to be reversed. For example, you can see odds of 1/4 or 2/5. These odds refer to "odds on" and occur when something is very likely to happen, such as the big favorite winning a football game. Arsenal will therefore have odds 1/4 in the match against Colchester in the FA Cup. Under these circumstances, you need to set GBP 40 to earn $10. Thus, you can see how these have been reversed in relation to odds 4/1, which we talked about in the section above.
By looking at the examples above, 4/1 means that something is less likely to occur. Odds of 2/1 or 1/4 are the opposite. A good rule of thumb when it comes to fractional odds is that if the number on the left side of the fraction is greater than the number on the right, something is less likely. This is also known as "odds against".
You can also see fractional odds stated as 1/1, which is also known as even odds. Even odds mean you will get back the same amount as your bet. For example, if you placed £ 10 on odds of 1/1, you will receive £ 10 in winnings plus your original bet of £ 10, ie a doubling of your money. Therefore, you can look at fractional odds of 1/1, as a way to double your bet.
When it comes to using fractional odds to determine the likelihood that something will actually happen, there is a simple calculation method that you can use.
Take the odds 4/1, as used in the examples above. To calculate the possibility of this occurring, complete the following calculation: 1 / (4 + 1) = 0.20. In other words, there is a 20% chance that this outcome will become a reality.
Similarly, you can also calculate the probability of 1/4: 4 / (4 + 1) = 0.80. In other words, there is an 80% chance of this outcome becoming a reality.
Now we have given you a good understanding of fractional odds and what they mean. Below you will find a summary of the key points. These you can easily get back to when you need them.
There are many sports you can play. The popularity of these will depend on where you are. Ice hockey, for example, is more popular in the United States than in the United Kingdom.
However, all the best bookmakers will offer a wide variety of sports, and some of the most popular include football, tennis, golf and ice hockey. So, how do you read the odds in these different sports?
The main market for football matches is the "winner of the match" and for this you will see three different sets of odds. One set is for the home team, also known as "1". The second set is for the away team, also known as "2", and the third set is for a draw, also known as "X".
Based on your understanding of how odds work, you can now quickly assess which outcome is the most likely to occur and which outcome is considered most unlikely.
Take, for example. Chelsea against Newcastle United in the Premier League. Using fractional odds, as they will appear in the UK where the match is played, it will look like this: Chelsea are 2/9, Newcastle United are 12/1 and the draw is 5/1.
This tells you that Chelsea are big favorites to win the match and that Newcastle are the underdog. You will find many other markets for betting on football, but the "winner of the match" is a good place to start.
One refers to player A and the other refers to player B. The odds will be listed under the player's name, but also as "1" and "2", as is the case with football. You'll quickly get used to seeing and using "1" and "2" when it comes to games.
In the match between Jeremy Chardy and Kei Nishikori during the Brisbane Open 2019, Chardy had odds of 4/1 while Nishikori had ⅙. This tells you that Nishikori was a big favorite to win the match, while Chardy was the underdog and was considered less likely to win.
When it comes to golf at odds, we will move to decimal places, as this is a sport that is played all over the world and has several national and international tournaments. However, The Masters is the biggest tournament of the year.
Unlike the odds on football and tennis, the odds on golf tournaments are more like a list. Each player participating in the tournament is listed, and next to their name you will find the odds of how likely they are to win the tournament.
Looking at the odds for The Masters 2019, both Tiger Woods and Jordan Spieth have odds of 11.0. Dustin Johnson has 12.0 and Roy McIlroy as well as Justin Thomas have 13.0.
The first thing you will notice is that the odds are much higher than when we talk about who wins a football or tennis match. Golf is not a simple game and big tournaments are played over four days. There are many players who can win, and in the list above you can see that the odds of the different players are quite similar.
By looking at these odds, you know that despite possible good profits by supporting the favorite to win, there are also many other players who are considered good enough to win the tournament, and this is where the risk comes into play.
In our last example, we will look at odds on ice hockey. This is a sport played across much of the world, but the most popular event is probably the National Hockey League in the US and Canada.
Therefore, as you probably guessed, we will use American odds. When you play in the NHL you will find that you do not have as many choices other than using American odds, especially when you are playing on the moneyline.
Take the Winnipeg Jets against the Pittsburgh Penguins as an example. The Jets have +110 and the Penguins -130. There is no market for a draw and using the information from the section on American odds you know that the Penguins are favorites because they have a minus sign in front of the number. The Jets are the underdog because they have a plus sign ahead of the number.
You must place a bet of $1,300 on the Penguins winning to win $1,000 or you must bet $1,000 on the Jets winning to win $1,100. You can also see that since the Jets' odds are quite low, they are no big underdog and therefore they may have a chance of winning.
Understanding the odds in the easy way will help you place your bets. If you do not have a basic understanding of how odds work, what they mean and the different forms offered, you should not play. Use the information above and get to know the odds at stake before placing a bet, and never gamble for more than you can afford to lose.
The phenomenon of gambling has undoubtedly become an obsession for millions of people all over the world. Billions of dollars are being lost to gambling every year, and for that reason the authorities in many countries have begun to introduce stricter laws in the area. A glaring exception to these austerity, however, is the prominent betting arena, which today is a multi-trillion industry.
Then you are in the right place, because we have compiled an overview of the most lucrative sporting events on the planet. These are gamblers' paradises, where billions of dollars change owners as a result of legal as well as illegal tipping.
This is surely the biggest sporting event in the world, and the FIFA World Cup enjoys unmatched dominance when it comes to popularity and popularity. Football is a global sport and is played by almost every nation in the world, which is why the World Cup is as big as it can get.
Almost all the nations of the world participate in the qualifying, and the finals of the FIFA World Cup are played between the 32 best qualifying teams. It is the most watched sports event shown on TV, and the latest edition had more than 2.5 billion viewers. In 2014, an incredible $400 million was awarded as prize money to all participants, and the eventual winner Germany brought a staggering $65 million from the competition.
The bookmakers cleaned the table during the previous World Cup, and American bookmakers in particular came out of it well, earning over $200 million. It has been estimated that a total of $3.2 billion was invested during the 2014 World Cup, a sum that so far is unparalleled, but is expected to be higher during the 2018 World Cup, which will be held in Russia.
The finale of The National Football League, also known as the Superbowl, is surely the biggest annual 1-day event in the world of sports, in terms of the prize pool and the amount of sums gambled for. Superbowl 2017, which was unexpectedly won by The New England Patriots, is said to have generated $4.7 billion through tipping, mainly through illegal betting. The Patriots won the 51st edition of Superbowl 28-3, making it a remarkable whole turnaround that led to victory, making many of their fans rich overnight thanks to the faith of their team and by investing money against all odds.
Although tipping in the United States is strictly regulated, millions of dollars are wagered on the NFL every single year, and most on Superbowl. The day is celebrated by Americans as the biggest sporting event of the year, and friends and family gather to follow the match together.
TheNational Basketball Association is the most popular professional basketball league in the world, securing the world's best players through lucrative contracts. NBA players are among the best-paid athletes in the world, and the sums generated through advertising revenue and merchandise sales are largely unparalleled in international sports, beaten only by the NFL Superbowl.
The TV coverage of the NBA Finals is shown by ABC, which raises more than $ 15 million for every match they show live. For example, the 2016 NBA Finals stood between the Golden State Warriors and Cleveland Cavaliers, and after 6 games, the score was an incredible 3-3, allowing for a grand finale. The fact that the final went into a 7th match led to ABC earning $ 80 million extra on broadcasts and revenue, while the NBA earned $ 45 million, which shows how much money is at stake in the sport. This is also seen in the tipping market, where the unpredictability and pace that characterizes the sport is seen as a major attraction by gamblers who want to try their luck. The Warriors were clear favorites for the win last season, and about $ 11 million was wagered to win, which they also did.
The UEFA Champions League is the premier football cup competition in the world, involving more money than the FIFA World Cup and UEFA Euro Cup combined. It is an elite competition with strict criteria for participation, as only the best teams from the top leagues in Europe have the opportunity to qualify for the final round. It is considered the most prestigious trophy in club football, where the winners also walk away with more than $ 100 million, which also includes TV rights and sponsorship revenue.
Participants in the Champions League get paid per game, for example, a club receives $ 1.5 million for each win in the group games, and ever-increasing sums as they progress into the competition. The Champions' League has always been the bookmaker's favorite tournament, because of the high standard of the teams involved, and the popularity and wide appeal of the tournament. In 2012, when Chelsea beat Bayern Munich on their home ground, against all odds, it was reported that the bookmakers lost a total of $ 950 million due to the unexpected shock result, an example of the extent of tipping taking place during this competition.
There is probably nothing more exciting than heavy machines speeding past at speeds over 350 km / h. Aerodynamically shaped to achieve maximum speed and torque, these turbocharged monster machines have made this sport one of the most watched sports in the world.
During the Formula 1 season, there will be 20 different races on iconic racing tracks around the world. The most famous and expensive races are the Monaco Grand Prix and Abu Dhabi Grand Prix, with the Singapore Grand Prix right behind. With a staggering $ 850 million annual premium payout, F1 does not suffer from a lack of sponsors and luxury partners. The races regularly attract the very richest, both as owners, and to watch the races from private boxes. These people are naturally inclined to bet on their favorite cars / drivers as well.
Wimbeldon is one of the oldest and most prestigious tennis tournaments in the world and has a rich and profound history. The biggest stars in the sport are ranked by their Wimbledon titles, with legendary Roger Federer, who is also the current leader, at the top, with the highest number of wins, namely 8.
The championship is also the tennis sport's only grand slam to be played on a traditional grass court, and is also the most set tennis tournament of all time. The competition has a very generous feel to it, and the players respect the rules by wearing all-white suits during the game. Big names from all fields are invited, and there are always many celebrities to watch during the matches. The prize pool for the event is worth more than $ 40 million and is split between players depending on the result. Gamblers are also fascinated by the event. In 2017, it was reported that over 1.4 billion was invested, which is a record high in the killer sports.