When you see the odds presented as 30:1 or 3:1 that's actually just showing the payout for a winning bet, not the likelihood of that team winning. 30:1 doesn't mean that the team is 30x more likely to win, it means that if you bet on that team and they win you will receive $30 for every dollar you bet.
What is 1.28 in betting?
What does odds of 1.28 mean? If you were to bet $10 on 1.28 odds you would receive $2.80 in profit if this outcome won. To work out how much money you will receive back when betting on decimal odds you multiply your stake (bet amount) by the odds: $10 x 1.28 = $12.80 Total Payout ($2.80 profit).
What does 26 1 odds mean?
Odds (against) an event of 26:1 mean that if you conducted the same experiment 27 times, you should expect to win 1 time and lose 26 times. You lose twentysix times more frequently than you succeed.
What does 23 to 1 odds mean?
What does odds of 23/1 mean? If you were to bet $10 on 23/1 odds you would receive $230.00 in profit if this outcome won. The implied win probability of 23/1 odds is 4.17%.
What does 29 1 odds mean?
The larger the number, the higher the risk and bigger the payoff. Odds like 291 mean for a $1 wager, a bettor wins $29 plus one's bet back. Fractional odds. If there's a fraction like 8/5, divide the fraction to get a number with a decimal (1.6 in this case).
What does 22 to 1 odds pay?
What does odds of 22/1 mean? If you were to bet $10 on 22/1 odds you would receive $220.00 in profit if this outcome won. The implied win probability of 22/1 odds is 4.35%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.
What are odds 20 to 1?
What 20to1 means: When you see 20to1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20to1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.
Frequently Asked Questions
How do you calculate payout from odds?
– To calculate your potential payout on an underdog, all you need to do is multiply your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager x (Odds/100).
What does 24 to 1 odds mean?
What does odds of 24/1 mean? If you were to bet $10 on 24/1 odds you would receive $240.00 in profit if this outcome won. The implied win probability of 24/1 odds is 4.00%.
What does 19 to 1 odds mean?
What does odds of 19/1 mean? If you were to bet $10 on 19/1 odds you would receive $190.00 in profit if this outcome won. The implied win probability of 19/1 odds is 5.00%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.
What does 27 1 odds mean?
What does odds of 27/1 mean? If you were to bet $10 on 27/1 odds you would receive $270.00 in profit if this outcome won. The implied win probability of 27/1 odds is 3.57%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.
FAQ
 Are 23 to 1 odds good?
 What does odds of 23/1 mean? If you were to bet $10 on 23/1 odds you would receive $230.00 in profit if this outcome won. The implied win probability of 23/1 odds is 4.17%.
 Is 26 to 1 odds good?
 The implied win probability of 26/1 odds is 3.70%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter. Fractional Odds of 26/1 when converted to American odds are +2600 and when converted to decimal odds are $27.00.
 What does 20 to 1 odds pay?
 What 20to1 means: When you see 20to1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20to1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.
 How much do I win if I bet $100 on odds?
 Decimal odds explained For example, a $100 bet made at decimal odds of 3.00 would return $300 ($100 x 3.00): $200 in profit and the original $100 amount risked. A $100 bet made at decimal odds of 1.50 would return $150: $50 in profit and the original $100 amount risked.
What does 28 to 1 odds mean
What do 22 1 odds mean?  What does odds of 22/1 mean? If you were to bet $10 on 22/1 odds you would receive $220.00 in profit if this outcome won. The implied win probability of 22/1 odds is 4.35%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.  
What does 1.22 odds mean?  What does odds of 1.22 mean? If you were to bet $10 on 1.22 odds you would receive $2.20 in profit if this outcome won. To work out how much money you will receive back when betting on decimal odds you multiply your stake (bet amount) by the odds: $10 x 1.22 = $12.20 Total Payout ($2.20 profit).  
How do I calculate odds?  To convert from a probability to odds, divide the probability by one minus that probability. So if the probability is 10% or 0.10 , then the odds are 0.1/0.9 or '1 to 9' or 0.111. To convert from odds to a probability, divide the odds by one plus the odds.  
What odds are 1 in 20?  0.05 5.0%
Number Converter

 How much does 20 to 1 odds pay?
 What 20to1 means: When you see 20to1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20to1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.
 What do the odds 1.20 mean?
 Decimal odds to percentages E.g. 1.20 = 120%. This percentage is not the profit but the amount wagered. For example, a bettor wages £10 with the odds at 1.20. 1.20 * 100 = 120% £10 * 120% = £12.
 What is the payout for 50 to 1 odds?
 501 odds mean you will get a potential profit of 50 units for risking 1 unit. For example, if you stake $1/€1/£1 and you get a favourable outcome, you will get a profit of $50/€50/£50.
 Are 20 to 1 odds good?
 What 20to1 means: When you see 20to1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20to1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.