How do betting odds work?
The ratio between the amounts staked by the parties in a bet is based on the expected probability either way. On Easybet, you can view odds in Decimal, Net Decimal, Fractional, and American formats.
Decimal
The total payout is determined by multiplying the odds by your stake.
For example, odds of 1.5 would mean that a wager of R100 would result in a total payout of R150 (return of the R100 stake plus the R50 winnings).
Net Decimal
The main distinction between Decimal Odds and Net Odds is that the stake is not considered when calculating the odds.
For example, odds of 0.5 would mean that a wager of R100 would result in a total payout of R150 (return of the R100 stake plus the R50 winnings).
Fractional
The potential winnings are determined by multiplying the odds by the stake amount.
For example, odds of 2/1 on a R100 wager would represent a potential win of R200, for a total payout of R300 on a winning bet. Another example, odds of 1/2 on a R100 wager would represent a potential win of R50, for a total payout of R150 on a winning bet.
American
Can be expressed as a positive or a negative.
For positive: the odds represent the amount you would win for every R100 wagered. For example, odds of +150 would generate R150 in winnings for every R100 Bet, resulting in a total payout of R250.
For negative: the odds represent the amount you need to wager to win R100. For example, odds of -120 would require you to wager R120 to win R100, resulting in a total payout of R220.