![]() ![]() Now that you know the differences between the different Odds formats, you can change your odds type at any time by using the odds selector in Settings under "My Account". (Numerator x Bet amount) ÷ Denominator = WinningsĪ $100 bet at 10/11 odds would follow the formula as:Ī winning $100 bet at 10/11 will payout $191, winning your original $100 wager back plus the $91 in profit. To calculate your payout profit using fractional odds, you can use the following formula: 10/11 fractional odds are the same as -110 in American odds, which are the same as 1.91 in decimal odds, all in different odds formats. Any odds over 2.0 will be an underdog.įractional odds are typically written with a slash (/) or hyphen (-) and represent the amount you would win next to the amount you would need to bet.įor example, fractional odds of 10/11 represent that you will win $10 against every $11 you wager. Betting $100 on 1.91 odds you will receive a payout of $191, getting your original $100 wager back plus the $91 in profit.Īny odds under 2.0 will represent a favorite. For every $100 you’re betting, you’re getting 91 dollars back, plus the original stake.Ĭalculating payouts with decimal odds is simple, you can simply multiply your wager by the decimal odds. Please view What is a moneyline bet? for a detailed example of using American odds.ĭecimal odds represent the total return for every $1 wagered, including the money you risked.Īn American moneyline at -110 is 1.91 in decimal odds. If the odds are +110, it means that if you wagered $100, you would ‘win’ (profit) $110.If the odds offered on a particular selection are -110, that means in order to ‘win’ (profit) $100, you would need to wager $110.When using the American odds format, wagers are based on a $100 standard betting unit. Here at DraftKings, there are three betting odds formats:Īmerican odds show the amount you must wager, or the amount you can win, based on $100 increments.Īmerican odds are traditional in the United States, and displaying odds in the American format is the default setting for DraftKings Sportsbook. This will calculate your potential payout for you. ![]() ![]() In our DraftKings Sportsbook, you can tap on any set of odds, represented by the green numbers (ex. Odds also show you how much money you could win from a wager. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter.įor an explanation of the odds types on this table see decimal, fractional and American odds. To find out what the numbers really represent see understand odds as probability with overround.Odds are how likely an event or outcome is to happen. We use the closet fraction that is used in betting markets.įor example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. The set does not include exact mathematical equivalents to all possible decimal and American odds. By convention only a set of fractions are used in fractional odds betting markets. ![]()
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