Fractional Odds are popular in the United Kingdom and this is what I use when quoting the market price for my bets. Fractional odds can also be referred to as British Odds, UK Odds or Traditional Odds.
Fractional odds quote the net total that will be paid out to the bettor, should they win, relative to their stake.
For example odds of 5/1 imply that the bettor stands to make £5 on a bet of £1. If the odds are 1/5 the better will make £1 from a £5 stake. The bettor will also always receive their stake back, so a successful bet of £1 at 5/1 will actually pay out £6 - which is £5 plus the return of the original £1 bet.
Of course, many of the odds look a little more complicated, for example 21/10 or 9/5. The key thing to remember is your stake is quoted on the right of the fraction, and the return to the left so for the 21/10 odds, it simply means £10 stake returns 21 plus your stake ie, 31. It takes a real maths brain to be able to work these out in your head when doing accumulators, or at the very least a lot of experience in this area.
The way to announce fractional odds of 5/1 is to say 'five-to-one'. The way to say 1/5 is 'one-to-five' or 'five-to-one on'.
However, my stake will always be a percentage of my bankroll. Let's look at an example.
Man utd to beat Chelea and BTTS - ODDS OF 7/2
My stake for this bet would be 1 point (1% of 1000 euros) - 10 euros
Potential returns are 45 euros. IE, 10 X 7/2 = 45
It can seem a little complicated but if you simply apply your bankroll to my bets and follow my staking plan then there won't be any problems.
When picking my best bets, I like to look at the price and what the implied probability is and whether my analysis presents a strong or weak case for the bet.
For example, if BTTS is priced @4/6, the bookies are saying the likelyhood of that outcome is 60%. If I study a fixture and find a team who have seen BTTS in 12 of their last 13 away games I can compare those stats and see if the price is reflected in the likelyhood of the outcome. The bookies don't get it wrong usually but there are always bets that have a better chance than the price suggests.
Here is a Table of odds and implied probability
7/2 - 22.22%
3/1 - 25%
5/2 - 28.6%
9/4 - 30.1 %
11/5 - 31.25%
5/4 = 44.44$
6/5 - 45.45 %
1/1 = 50%
10/11 - 52.3%
5/6 = 54.45%
4/5 = 55.55%
3/4 - 57.14%
8/11 - 57.89%
4/6 = 60%
8/13 = 61.9%
4/7 - 63.63%
8/15 - 65.2%
1/2 = 66.66%
4/9 = 69.2 %
2/5 = 71.42%
1/3 - 75%
1/4 - 80%
Fractional odds quote the net total that will be paid out to the bettor, should they win, relative to their stake.
For example odds of 5/1 imply that the bettor stands to make £5 on a bet of £1. If the odds are 1/5 the better will make £1 from a £5 stake. The bettor will also always receive their stake back, so a successful bet of £1 at 5/1 will actually pay out £6 - which is £5 plus the return of the original £1 bet.
Of course, many of the odds look a little more complicated, for example 21/10 or 9/5. The key thing to remember is your stake is quoted on the right of the fraction, and the return to the left so for the 21/10 odds, it simply means £10 stake returns 21 plus your stake ie, 31. It takes a real maths brain to be able to work these out in your head when doing accumulators, or at the very least a lot of experience in this area.
The way to announce fractional odds of 5/1 is to say 'five-to-one'. The way to say 1/5 is 'one-to-five' or 'five-to-one on'.
However, my stake will always be a percentage of my bankroll. Let's look at an example.
Man utd to beat Chelea and BTTS - ODDS OF 7/2
My stake for this bet would be 1 point (1% of 1000 euros) - 10 euros
Potential returns are 45 euros. IE, 10 X 7/2 = 45
It can seem a little complicated but if you simply apply your bankroll to my bets and follow my staking plan then there won't be any problems.
When picking my best bets, I like to look at the price and what the implied probability is and whether my analysis presents a strong or weak case for the bet.
For example, if BTTS is priced @4/6, the bookies are saying the likelyhood of that outcome is 60%. If I study a fixture and find a team who have seen BTTS in 12 of their last 13 away games I can compare those stats and see if the price is reflected in the likelyhood of the outcome. The bookies don't get it wrong usually but there are always bets that have a better chance than the price suggests.
Here is a Table of odds and implied probability
7/2 - 22.22%
3/1 - 25%
5/2 - 28.6%
9/4 - 30.1 %
11/5 - 31.25%
5/4 = 44.44$
6/5 - 45.45 %
1/1 = 50%
10/11 - 52.3%
5/6 = 54.45%
4/5 = 55.55%
3/4 - 57.14%
8/11 - 57.89%
4/6 = 60%
8/13 = 61.9%
4/7 - 63.63%
8/15 - 65.2%
1/2 = 66.66%
4/9 = 69.2 %
2/5 = 71.42%
1/3 - 75%
1/4 - 80%