Decimal
What is decimal in betting shops?
How to calculate the decimal odds?
How is the probability calculated for the odds such as decimal?
Decimal — the odds in the form of a decimal fraction.
The decimal odds are popular in betting shops in Europe. It has the form of a decimal fraction. For example, the odds to win Dynamo over Rostov will look like 1.23.
In most betting shops, the European odds are rounded to the nearest hundredth. This is done in order to count more conveniently. But in some shops there are positions that are rounded to the thousandth.
How to calculate the probability with the decimal odds? You can calculate it using the formula: 1/oddsX100%. Let’s return to our example. The probability of Dynamo winning in a match with Rostov will be 1/1,23Х100% = 81%.