What are Decimal Odds?
Decimal odds are a type of betting odds that represent the total amount that will be returned for every dollar wagered, including the original wager. They are expressed as a single decimal number, such as 2.00 or 3.50.
For example, if you place a bet at odds of 2.00, this means that for every £1 bet, the payout would be £2 if the bet is successful. So, if you placed a £100 bet at odds of 2.00, the payout would be £200 (£100 x 2.00).
Decimal odds are widely used in many countries, especially in Europe, as they are easy to understand and calculate. They are also used for a wide range of sports, including football, horse racing, cricket, and many others.
To calculate the potential payout for a bet using decimal odds, you simply multiply the amount of the bet by the decimal odds. This gives you the total amount that will be returned, including the original wager.
For example, if you placed a £50 bet at odds of 3.50, the potential payout would be £175 (£50 x 3.50).
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