EU UK US odds converter
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Where to bet at the best odds?
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What would a sports betting guide be without its odds converter?
To go further, I offer you some explanations on foreign sports odds.
Sports odds are used to determine the chances of each team or player winning a competition or match, and to determine the potential winnings for punters based on the stake they have placed. They are usually expressed as decimal, fractional or American odds.
- Fractional odds
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Fractional odds are commonly used in traditional sports betting in the UK and Ireland. They are expressed as a fraction, for example 3/1, which indicates the potential winnings for each unit of stake. In the example above, fractional odds of 3:1 mean that for each unit of stake you can expect to win three times the initial stake plus the wager. To calculate your potential winnings with fractional odds, simply divide the first part of the fraction by the second and multiply the result by your stake. For example, if you bet £100 on a team with fractional odds of 3/1, your potential winnings would be £400 (3 / 1 x 100).
- Decimal odds
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Decimal odds are perhaps the most common and are generally used in online sports betting. They are expressed as a decimal number that represents the amount you can win for each unit of bet (e.g. 1 euro). For example, if the decimal odds for a team are 2.50, this means that for every euro you bet on that team, you can expect to win 2.50 euros if the team wins. To calculate your potential winnings with decimal odds, simply multiply your bet by the decimal odds. For example, if you bet €100 on a team with decimal odds of 2.50, your potential winnings would be €250 (100 x 2.50).
- American odds
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American odds are commonly used in sports betting in the United States. They are expressed as a positive or negative number followed by three digits, for example +150 or -200. A plus sign indicates a team or player that is considered the underdog, while a minus sign indicates a team or player that is considered the favourite. To calculate your potential winnings with American odds, simply divide the odds by 100 and multiply the result by your bet. For example, if you bet $100 on a team with American odds of +150, your potential winnings would be $250 ((150 / 100) x 100). If you bet $100 on a team with American odds of -200, your potential winnings would be $50 ((200 / 100) x 100).
It is important to note that sports odds are only an estimate of each team's or player's chances of winning, and can vary depending on various factors such as injuries, weather conditions, etc. Bookmakers (betting companies) use different methods to determine the odds, taking into account various factors such as past performances of teams or players, playing conditions, etc.
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