Fractional odds
Fractional odds show the profit over the stake. 5/2 pays 5 for every 2 staked, plus the stake back, and evens (1/1) doubles the stake.
Example
5/2 is 3.50 in decimal and +250 in American, and implies 28.6%. A stake of 10 returns 35.
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Related terms
Decimal oddsDecimal odds are the total return for each unit staked, the stake included. 2.50 pays 2.50 for every 1, so a stake of 10 returns 25, a profit of 15.American oddsAmerican odds show the profit on a stake of 100 when positive (+150) and the stake needed to win 100 when negative (−200). Evens is written +100.Odds-on and odds-againstOdds-on means a price shorter than evens, implying more than a 50% chance, so a win pays less profit than the stake. Odds-against is longer than evens.