A Look at How Fractional Odds Work

Published on June 10th, 2021 11:33 pm EST
Written By: Dave Manuel



A look at fractional odds and how they are calculated when it comes to sports betting. There are three different types of odds formats that are commonly used in the world of sports betting - American odds, fractional odds and decimal odds.

All of these odds formats boil down to the same number. For instance, 2.00 in decimal odds is the same thing as 1/1 in fractional odds, which is also the same thing as +100 in American odds.

All three mean the same thing.

In order to figure out how fractional odds work in sports betting, simply use this trick.

Let's say that the fractional odds are 2/1, and you want to know how much profit you will make on a bet.

To start, divide 2 by 1 (which will give you 2) and multiply this number by the size of your bet to arrive at your total profit for a bet.

So, let's say that you wanted to bet $100 on a team that was 2/1 to win.

In this case, your total potential profit would be ($100 * 2 = $200).

What if the fractional odds are something like 1/7?

In this case, this means that you'd be betting on a heavy favourite to win.

Again, simply divide 1 by 7 and multiply this number by your total wager to arrive at your total potential profit.

So, if you were betting on a 1/7 team to win, your $100 wager would produce a potential profit of $14.30

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Fractional odds are commonly used in Las Vegas area casinos, while Europe tends to use decimal odds.

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