Betfair Decimal Odds Explained
Decimal odds are a simpler way of working out betting odds - and they don't give you a headache every time you want to place a bet.
Do you know the difference between 8/13 and 4/7? No? Well, not many people do. But with decimals you'd know instantly.
How do decimal odds work?
If the decimal odds are 2.2 and you place a back bet of £10 and win, your total return is £10 x 2.2 = £22. This is equivalent to a traditional price of 6/5.
Decimal odds make it much easier to figure out which price is best - the bigger the number, the higher the return. Take a look at the table below to see why.
The key part to remember is that decimal odds always include the unit stake - thus every price you see on Betfair will be >1.
Fractional odds represent the profit - 5/1 means you will win five pounds for every one pound staked.
Decimal odds represent the return - 2.2 means you will receive £2.20 for every pound invested, including your stake.
If you're struggling with decimal odds, you can now use our mouse-over odds displays - traditional odds over every price. Every market on Betfair also has an odds-converter table.
Click on 'What are decimal odds?' in the Help section on the right hand side of the screen, as seen below.