Are betting odds fractions or ratios? Your starter for 10
Ratio,s are the number of times 1 thing contains another.
Fractions have a numerator and a denominator where the numerator can be larger that the denominator
Decimal odds are the most popular odds globally. Decimal odds show how much
will be gained from a bet of 1 unit.1 unit could mean 1,10 or 100
most decimal odds go out to 2 decimal places for grater accuracy of the odds,
Decimal odds usually include the return unit stake,
e.g. decimal odds of 3.00 returns £30 which is £20 and £10 return stake.
UK bookmakers use fractional odds which express the odds in a different meaning
Fractional odds tell you what profit will be returned from a 1 unit stake as apposed
to how much in total will be returned.
At 5/1 a punter will be paid 5 times the unit stake, if the stake was £10 then the
returns would be £50 + stake= £60.
john