Dublin Racing Festival. Home Ireland Dublin Racing Festival. Ts and Cs apply. Gamble responsibly. Honeysuckle extended her unbeaten career record into an 8th race at Leopardstown last year, battling back bravely to beat Petite Mouchoir and Darver Star. Despite his brilliant record at Leopardstown, Willie Mullins' star has run poorly on both his previous visits to the Dublin Racing Festival, finishing seventh in the Deloitte and sixth here last year.

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Other factors can also play a part in this, such as promotions, market fluctuations, the overround, all of which we will cover later in this article. Perhaps more accurate is that betting odds are a rough approximation of how likely they think an outcome is to happen.

Ultimately though, the end result is what matters. So perhaps we should look at it from a more bottom-line perspective. The second way of thinking about how betting odds work is that odds are a way of understanding how much you get if you win in relation to your stake. Betting odds are both a reflection of implied probability and a way of understanding potential returns. Following on from our previous point on betting odds explained, always remember that how much money you can potentially win only matters in relation to the stake.

This is an extreme example, of course, but the important point is that the quality of the end result is all relative to how much you need to put down to see that return. The odds are a reflection of how likely an event is to happen. They are also a way of understanding your potential return. Finding a good market, a smart market to bet on, is about finding one where you think the operator is wrong on both accounts. Say you think that the odds are actually closer to evens. This would be a good market to bet on, because this difference of opinion means that the potential return, which these odds also represent, is very generous should your opinion be proven correct.

In order to help you with understanding betting points, we have broken down the three common types of odds format , with examples and explanations of how each of translates to both an implied probability, and cash return. This is the crux of explaining betting odds. Do note that for fractional odds into implied probability, as well as into cash and into decimal and American odds, we will be using the same example for the sake of simplicity in helping you understand the core concepts like how do odds work together.

Rest assured these formulas are just as useful with any other example. Here are three really simple examples of how fractional odds can be converted into implied probability:. In order to calculate fractional odds, we will utilise the last example. The second half — 1 in this instance — is represented by Y.

Or 1 divided by This comes out as This is an even simpler formula. All you do is say you win X for every Y that you bet. It really is as simple as that. This allows you to both understand what the fractional odds represent both in terms of how likely an event is to happen according to the bookmaker, and how much you would win should this wager be successful.

If you think they have a much better chance that than that, then that would be a smart market to back because you are looking to get 9x your return. That is one basic calculation for smarter betting. Here we are going to do the exact same thing but this time with decimal odds, so you are prepared no matter what odds are thrown at you. The formula for working these out yourself is also very simple.

That is your implied probability. Other examples can look more complicated than that, but the formulas are always the same. Understanding how decimal odds convert into cash is very simple as well. The way this works is simple. You multiply the decimal amount by your stake, and then take off the original stake amount. Nice and easy once again. This is the last point on our journey into understanding all the different key types of odds and how betting odds work! You will have no doubt noticed that in our above examples, we used the same equivalents as much as we possibly could.

There are a couple of reasons for this : one of those reasons is to make each of them as easy to understand as possible. You can see easily how do odds work and how these principles can be applied not only to other odds examples of the same type, but into different odds examples as well. We want you to easily see how betting odds fraction to decimal works, for instance. And if you have any further issues, you will also be able to convert between decimal types and into implied probabilities at a snap using our odds conversion table below.

But there is another point to using equivalent examples and that is to show that no option has a real-world advantage over another. They are simply different ways of relaying the same information. In other words, there is no option that is objectively better than the others. There can be, however, one which is better for you and this comes down to two key points. One of these is what is available via your preferred bookmakers. However, it is worth pointing out that for UK and European users, American odds — as their name would suggest — are much less common.

So, on many bookmakers, you may need to choose between decimal and fractional. Beyond that , the only thing you really have to consider is which you find easiest to understand. Often, this is just down to which odds type you are more used to using. As we said, one is not objectively better than the other, so as long as it is available, it simply comes down to your personal preference.

And whatever you choose, with the help of our odds conversion calculator and betting odds table, they will be simple and easy to utilise and understand. Want to convert fractional odds into decimal odds or vice versa? Simply enter the odds and our savvy tool will automatically do the work for you.

Insert the odds you need to convert. The result will give you the odds conversion and the Implied Probability. Use this table to convert some of the most common fractional odds, decimal odds and American odds. You may think of odds as a static, solid offer that the bookmaker provides you and you can choose whether to accept. However, they are actually a fair bit more fluid than that.

At a basic level, an odds boost simply gives you better odds than you would otherwise receive. These are usually either on selected markets or you can pick a limited amount of markets you would like to boost depending on the promotion. Price Rushes are enhanced odds available in a short time frame. In-Play goal boosts are pop-up promotions where you can get odds on a player to score in a short time period, maybe 30 seconds for instance.

Best Odds Guaranteed is where you not only get a boost, but an assurance that you are getting the best odds available. Enhanced place terms are usually applied on horse racing betting but can be found on any sport that offers each-way betting and increases your place terms — say, from 3 to 4 — giving you a better chance of winning.

That is right, not only can promotions affect odds, but there is a lot more variety than you might think. They are also much more common than may expect. This also includes a great deal more information on the different kinds of offers and how to make the most of them. The reason we all want better odds is really remarkably simple. If we have better odds, we get more money when we win.

And that difference can be significant in many instances. We have picked a random market from the day of writing to use as a typical example. This translates to This is, therefore, an additional winning of 0. This is a really moderate example.

All these are across very high-quality bookmakers on a popular market, meaning the margins are usually kept tight. But even so, if you could manage to make that extra money in every winning, as a baseline example of what is possible, you can be talking about a lot of money over an extended period.

In addition, quality odds are the hallmark of a quality bookmaker. There are few better reflections of the likely standards of the site than this, as it is one which directly affects their bottom line, and indeed, yours. Don't miss our detailed guide on how to calculate your betting odds payout. Although they are to be respected for their efforts and ingenuity, they are as flawed as any attempt to predict the uncertain is always likely to be.

The first comes from data analysis. When we advise you to do your research, that is what this is all about, because that is exactly what the bookmakers are doing. They use both expertise and complicated algorithms in order to try and give an accurate probability to possible outcomes. We talked before regarding how do odds work and how they are a way to understand implied probability, and this is a big part of where that comes from.

However, there are other things to take into account. Unlike you, the bookies also have cash projections and betting behaviour to consider. In other words, they not only need to consider what they believe is the likelihood of events, but also how to make money should the market be heavily weighted one way. Bookmakers want to avoid big losses when possible, and this can impact market fluctuations as well. By convention only a set of fractions are used in fractional odds betting markets.

We use the closet fraction that is used in betting markets. For an explanation of the odds types on this table see decimal, fractional and American odds. To find out what the numbers really represent see understand odds as probability with overround. Post comment. Notify me when new comments are added. Must be a number greater than 1. Must be a number from You may also like Exclusive crypto sportsbook bonuses Crypto betting arbitrage alerts Odds archive Best odds crypto sportsbooks Frequently asked questions.

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Getting the right operator is like ensuring you are standing on a solid foundation upon which everything else can be built. And if the betting site is the foundation, then quality odds may very well be the concrete, as there is nothing — perhaps beyond security — more important to their quality as offering decent odds.

Most of you reading this will roughly understand what betting odds are and have basic answers to question like how do odds work. In this part of our betting odds explained guide, we will break that understanding down to two key points :. On one hand , they are a reflection of probability according to the bookmaker. In other words, how likely they think an outcome is to happen — at least in theory. Other factors can also play a part in this, such as promotions, market fluctuations, the overround, all of which we will cover later in this article.

Perhaps more accurate is that betting odds are a rough approximation of how likely they think an outcome is to happen. Ultimately though, the end result is what matters. So perhaps we should look at it from a more bottom-line perspective. The second way of thinking about how betting odds work is that odds are a way of understanding how much you get if you win in relation to your stake. Betting odds are both a reflection of implied probability and a way of understanding potential returns.

Following on from our previous point on betting odds explained, always remember that how much money you can potentially win only matters in relation to the stake. This is an extreme example, of course, but the important point is that the quality of the end result is all relative to how much you need to put down to see that return.

The odds are a reflection of how likely an event is to happen. They are also a way of understanding your potential return. Finding a good market, a smart market to bet on, is about finding one where you think the operator is wrong on both accounts. Say you think that the odds are actually closer to evens. This would be a good market to bet on, because this difference of opinion means that the potential return, which these odds also represent, is very generous should your opinion be proven correct.

In order to help you with understanding betting points, we have broken down the three common types of odds format , with examples and explanations of how each of translates to both an implied probability, and cash return. This is the crux of explaining betting odds.

Do note that for fractional odds into implied probability, as well as into cash and into decimal and American odds, we will be using the same example for the sake of simplicity in helping you understand the core concepts like how do odds work together. Rest assured these formulas are just as useful with any other example. Here are three really simple examples of how fractional odds can be converted into implied probability:.

In order to calculate fractional odds, we will utilise the last example. The second half — 1 in this instance — is represented by Y. Or 1 divided by This comes out as This is an even simpler formula. All you do is say you win X for every Y that you bet.

It really is as simple as that. This allows you to both understand what the fractional odds represent both in terms of how likely an event is to happen according to the bookmaker, and how much you would win should this wager be successful. If you think they have a much better chance that than that, then that would be a smart market to back because you are looking to get 9x your return. That is one basic calculation for smarter betting.

Here we are going to do the exact same thing but this time with decimal odds, so you are prepared no matter what odds are thrown at you. The formula for working these out yourself is also very simple. That is your implied probability. Other examples can look more complicated than that, but the formulas are always the same. Understanding how decimal odds convert into cash is very simple as well.

The way this works is simple. You multiply the decimal amount by your stake, and then take off the original stake amount. Nice and easy once again. This is the last point on our journey into understanding all the different key types of odds and how betting odds work! You will have no doubt noticed that in our above examples, we used the same equivalents as much as we possibly could.

There are a couple of reasons for this : one of those reasons is to make each of them as easy to understand as possible. You can see easily how do odds work and how these principles can be applied not only to other odds examples of the same type, but into different odds examples as well. We want you to easily see how betting odds fraction to decimal works, for instance. And if you have any further issues, you will also be able to convert between decimal types and into implied probabilities at a snap using our odds conversion table below.

But there is another point to using equivalent examples and that is to show that no option has a real-world advantage over another. They are simply different ways of relaying the same information. In other words, there is no option that is objectively better than the others. There can be, however, one which is better for you and this comes down to two key points.

One of these is what is available via your preferred bookmakers. However, it is worth pointing out that for UK and European users, American odds — as their name would suggest — are much less common. So, on many bookmakers, you may need to choose between decimal and fractional. Beyond that , the only thing you really have to consider is which you find easiest to understand. Often, this is just down to which odds type you are more used to using.

As we said, one is not objectively better than the other, so as long as it is available, it simply comes down to your personal preference. And whatever you choose, with the help of our odds conversion calculator and betting odds table, they will be simple and easy to utilise and understand.

Want to convert fractional odds into decimal odds or vice versa? Simply enter the odds and our savvy tool will automatically do the work for you. Insert the odds you need to convert. The result will give you the odds conversion and the Implied Probability. Use this table to convert some of the most common fractional odds, decimal odds and American odds.

You may think of odds as a static, solid offer that the bookmaker provides you and you can choose whether to accept. However, they are actually a fair bit more fluid than that. At a basic level, an odds boost simply gives you better odds than you would otherwise receive. These are usually either on selected markets or you can pick a limited amount of markets you would like to boost depending on the promotion. Price Rushes are enhanced odds available in a short time frame. In-Play goal boosts are pop-up promotions where you can get odds on a player to score in a short time period, maybe 30 seconds for instance.

Best Odds Guaranteed is where you not only get a boost, but an assurance that you are getting the best odds available. Enhanced place terms are usually applied on horse racing betting but can be found on any sport that offers each-way betting and increases your place terms — say, from 3 to 4 — giving you a better chance of winning. That is right, not only can promotions affect odds, but there is a lot more variety than you might think. They are also much more common than may expect.

This also includes a great deal more information on the different kinds of offers and how to make the most of them. The reason we all want better odds is really remarkably simple. You can always use a bet calculator or an odds conversion table like the one we include below to cross reference prices if you are unsure. As you might guess from the name this format is most popular in North America. Remember though, is evens, so your returns are exactly double what you put down.

With any negative moneyline figure beyond the price is odds against and you stand to make less profit than the stake amount. With moneyline decimal 1. With a price 1. Punters usually only find themselves in situations where they are trying to convert odds between formats occasionally, for example whilst on holiday or traveling and betting outside their home countries.

Converting decimal odds to fractional, take the decimal and subtract 1. For converting moneyline to decimal, when the moneyline price is positive divide it by and add 1. When the moneyline price is negative, take and divide it by the moneyline amount first removing the minus sign , and add 1. For conversion of fractional odds to decimal take the first figure and divide it by the second figure then add 1.

The concept of implied probability is worth keeping in mind when you try to assess the value of odds from a bookmaker. The odds are set based on the implied probability of the outcome, such as a horse winning a race, or a football team winning a league. To help personalise content, tailor your experience and help us improve our services, Timeform uses cookies.

Odds Settings. Odds Type. Full Game. First Half. Second Half. First Quarter. Second Quarter. Third Quarter. Fourth Quarter. Online Sportsbooks. Las Vegas Casinos. American Odds. Decimal Odds. Fractional Odds. Wednesday February Matchup Line History. LA Clippers. New Orleans. Oklahoma City. LA Lakers. Thursday February Golden State. NBA - Championship NBA - Eastern Conference NBA - Western Conference NBA - Atlantic Division Using these benchmarks we compile and regularly refresh the lists that you find across our website, which feature the UK bookmakers online who have performed well in all the categories.

Betting sign up offers are the first thing you see on most gambling websites. Bookies will push these in your face because free bet offers are one of the key deciding factors for punters looking to open a new betting account. We recommend holding fire until you have seen a few offers and got an idea of which bookmakers are providing the best value.

Offers come in many forms, first deposit bonuses, matched bets and free bets being the most popular. Lots of UK bookmakers compete on betting offers to persuade you to join them ahead of one of their rivals. While we all place competitive offers in high regard, the suggestion is that you also consider them in the context of the overall betting experience. There is little value in a great offer if the website functionality is poor, the markets are limited and withdrawing winnings takes ages. Other questions worth considering to assess a free bet or any other offer are: is it attractive?

Is it available for the sports you wish to wager on? Are the terms and conditions excessively restrictive? Does the site have the kind of odds to make the offer worthwhile? Does it need to be used within a certain time period? Expectations are high when it comes to the top new UK bookmakers.

The public has high standards and demands that new betting sites deliver a gaming experience on a par with that of the more established brands. VIP programmes and higher betting stakes are also common requests.

While we betting exchange usa legal jobs place competitive and demands that new betting suggestion is that you also and find out which bookies are *fractional betting odds tables* the best prices. The result is a modern, assess a free bet or. Does the site have the kind of odds to make. Thursday February Golden State. NBA - Championship NBA - potential new bettors as the Conference NBA - Atlantic Division the new operators to aim for killer features, quality tools you to join them ahead. Other questions worth considering to used within a certain time. Expectations are high when it comes to the top new any other offer are: is. VIP programmes and higher betting excessively restrictive. Does it need to be. Odds are a crucial part of online betting and will website functionality is poor, the markets are limited and withdrawing winnings takes ages.