Decimal odds are a more straightforward way of working out gambling odds – and they do not offer you a hassle every time that you want to place a bet.

Do you understand the difference between 4/7 and 8/13? No? Well, not many people do. However, you would know.

How do odds do the job?

If the decimal odds are 2.2 and you also put a back wager of #10 and win, your total return is #10 x 2.2 = #22. This is equal to a conventional price of 6/5.

Decimal odds make it a whole lot easier to find out which price is greatest – the larger the number, the higher the yield. Take a look at the table below to see.

The key part to remember is that decimal odds always incorporate the unit stake – thus every price tag that you see on Betfair will probably be >1.

Fractional odds represent the gain – 5/1 means you’ll win five pounds for each 1 pound staked.

Decimal odds represent the return – 2.2 means you’ll get #2.20 for each pound invested, such as your stake.

If you’re struggling with decimal chances, you can now use our mouse-over chances displays – traditional odds over every price. Every market on Betfair also has an odds-converter table.

Click ‘What are odds?’ From the Support section on the ideal hand side of the display, as noticed below.

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