Understanding the Odds of Betting

To the uninitiated, the world of betting odds seems to be full of incomprehensible maths and mystical language: short odds, odds on, evens, bar... what does it all mean? Help is at hand with this useful guide, which aims to demystify the odds system, offering you an insight into bookmakers' prices, and what they mean to you and your possible winnings.

Because working out how much you could win on a bet at different odds can be tricky, you'll also find a handy odds calculator that will do the maths for you. There's also some conversion tables to make any comparisons between fractional (e.g. 3/1) and decimal odds (e.g. 4.00) simple. To get started, simply choose an item from the menu below.

Understanding Odds
A guide to understanding how the odds system works ...
Bet Calculator
Working out how much profit you could make at different odds ...
Fractional to Decimal Odds
A handy guide for converting fraction odds to decimal ...
Decimal to Fractional Odds
How to convert decimal odds into a fraction ...