Decimal Odds in Sports Betting, Explained – The Action Network

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Decimal odds are the most popular type of odds around the world, and have two main advantages over American odds — they convert to probabilities much easier, and they’re slightly more intuitive once you’re familiar.

So how do decimal odds work?

Decimal odds represent the total return for every $1 wagered, including the money you risked.

An American moneyline at -110 is 1.91 in decimal odds. Why?

Because for every $1 you’re betting, you’re getting 91 cents back, plus the original dollar.

Therefore, any odds under 2.0 will represent a favorite. Any odds over 2.0 will be an underdog.

Use the links to jump to each section.

  1. Calculating Payouts
  2. Why Use Decimal Odds?
  3. Convert Decimal Odds to Probability
  4. Converting American to Decimal
  5. Converting Decimal to American
  6. Should I Switch?

Calculating Payouts with Decimal Odds

Calculating payouts with decimal odds is simple.

Just multiply your wager by the decimal odds, and you’re done.

Money Risked * Odds = Total Payout

Let’s say you want to bet $10 on the Miami Dolphins moneyline (+160 in American odds) against the Buffalo Bills. In decimal odds, Miami will be 2.6.

$10 x 2.6 = $26

That $26 represents the $16 you’d profit from a Dolphins win, plus your original $10 back.

Your pal Norman wants to bet $10 on the Bills moneyline (-200 in American odds) in that same game. In decimal odds, that would be