Play

How Betting Odds Work

Bet types & conceptsBetting odds

Odds tell you two things: how much a winning bet returns, and the implied chance of that outcome. The same price can be shown in three formats — decimal, fractional and American. This guide explains all three with hypothetical examples.

Key takeaways
  • A 2.
  • For decimal odds, divide 1 by the price.
  • +150 means 150 units of profit on a 100-unit stake.

Decimal odds

Decimal odds show the total return per unit staked, including your stake back. Multiply your stake by the decimal price to get the full payout.

Example. At 2.50, a 10-unit stake returns 25 units in total (10 × 2.50), of which 15 is profit and 10 is your returned stake.

Fractional odds

Fractional odds (common in the UK) show profit relative to stake. 3/1 means three units of profit for every one staked, plus your stake back.

Example. 3/1 with a 10-unit stake returns 40 units — 30 profit plus the 10 stake. In decimal terms 3/1 equals 4.00.

American odds

American odds use a plus or minus sign. A positive number (+150) is the profit on a 100-unit stake; a negative number (−150) is the stake needed to win 100 units.

Odds and implied probability

Any price implies a probability. For decimal odds, implied probability = 1 ÷ decimal price.

Example. Decimal 2.50 implies 1 ÷ 2.50 = 0.40, or about a 40% chance. Comparing implied probability with your own view is the basis of value betting.

Putting it together

Once you can read a price, the rest follows: combine selections with an accumulator, balance a mismatch with handicap betting, or explore a sport in depth via football and basketball.

Ready to play at 1xRoll?

Claim your welcome bonus and put these markets into practice. T&Cs apply.

Play Now

🔞 18+ only. Examples are hypothetical and for explanation only — they are not betting advice or real odds. Please gamble responsibly.

FAQ

What do decimal odds of 2.50 mean?

A 2.50 decimal price returns 2.5 times your stake in total, including the stake. A 10-unit bet returns 25 units, of which 15 is profit.

How do I convert odds to a probability?

For decimal odds, divide 1 by the price. For example 1 ÷ 2.50 = 0.40, an implied probability of about 40%.

What is the difference between +150 and −150 American odds?

+150 means 150 units of profit on a 100-unit stake. −150 means you stake 150 units to win 100. Negative prices indicate favourites.

How we made this guide. This guide is written and maintained by the 1xRoll Editorial Team and explains the general, widely-accepted rules of the market. All examples are hypothetical and illustrate mechanics only — they are not predictions, betting advice or real odds. Specific rules can vary by event and operator, so always check the in-game or in-bet-slip rules. editorial approach · responsible-gaming policy

Last updated: 2026-06-15

Related guides