The odds format in the EU31st Jan 2017 |
Lenny is being generous and offering a way topick up some extra
profit on a daily basis to give you powered odds for a variety of sporting events. The odds format in the EU is called European odds. The system is based on the decimal system and is easy to learn. In fact, decimal odds are probably the easiest of all odds types to figure out.
When dealing with decimal odds, there is a simple formula that you can use to figure out your winnings from a given bet. Your stakes times the decimal odds shown are equal to the amount of money that you will win if your bet sees fruition.
Let’s have a look at it
For example, if you were to place a bet 100 units on a sports betting site on a team that had odds of 1.76, and they won the match, your winnings would be 176 units. The actual profit then would be the winnings minus the original stake which, in this case, would equal to 76 units of profit on the bet.
If you are looking to double your money, you will need to find a match with a 2.0 odds as that will pay back the original stake plus an equal amount in profit. Likewise, if you are looking to earn more than your stake in profit, the odds must be higher than 2.0.
By following this simple formula, you can calculate your projected winnings very easily.
Take a look at other odds formats