What Are ‘Decimal Odds’ in Sports Betting?

Decimal Odds are a very simple way to see a bet’s payout, used most commonly in Europe, Canada, and Australia.

Many people find them to be the easiest to understand. The number you see is simply what you get back for every $1 you bet.

The most important thing to know is that the decimal number includes your your stake in the payout.

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The Simple Calculation

Total Payout = Your Bet x The Decimal Odd

That’s it!

Examples

Let’s use a simple $10 bet to see how it works.

• Betting on a Favorite (e.g., 1.50)
  • You bet $10 at odds of 1.50.
  • Calculation: $10 x 1.50 = $15.00
  • This $15.00 is your total payout. You get your original $10 back, plus $5 in profit.
• Betting on an Underdog (e.g., 4.00)
  • You bet $10 at odds of 4.00.
  • Calculation: $10 x 4.00 = $40.00
  • This $40.00 is your total payout. You get your original $10 back, plus $30 in profit.