How to Read Betting Odds on Wezabet
Are you new to online betting and unsure about how to read betting odds on Wezabet? Don’t worry, we’ve got you covered! In this article, we’ll take a step-by-step guide to understanding what betting Wezabet those numbers mean and help you make informed decisions when placing your bets.
What are Betting Odds?
Before diving into the world of sports betting, it’s essential to know that odds represent the probability of an event happening. They’re also known as probabilities or bookmaker prices. In simple terms, they tell us how likely a particular outcome is in any given match.
Odds come in various formats on Wezabet, including decimal, fractional, and American. Don’t worry if you’ve never heard of these – we’ll break them down later in this article!
Understanding Decimal Odds
Decimal odds are the most straightforward to read and are widely used across online bookmakers, including Wezabet. To calculate your potential winnings, simply divide your stake by the decimal value.
Here’s a simple example:
- Match: Manchester United vs Liverpool
- Outcome: Manchester United wins
- Decimal Odds: 2.50
If you bet £10 on this outcome, and it happens to win, your winning amount would be £25 (calculated as: £10 / 2.5).
Interpreting Fractional Odds
Fractional odds are commonly used in British and Irish bookmakers like William Hill or Ladbrokes. To calculate your potential winnings using fractional odds, divide the numerator by the denominator.
Here’s an example:
- Match: Chelsea vs Arsenal
- Outcome: Chelsea wins
- Fractional Odds: 4/1
In this case, if you bet £10 on this outcome and it happens to win, your winning amount would be £40 (calculated as: (£10 x £4) / £1).
Converting Decimal to Fractional Odds
If you’re not sure how the fractional odds compare with decimal odds, try this conversion:
- Take the decimal odds value
- Subtract 1 from it
- Write the result over 100
Let’s use our previous example for clarity:
- Decimal Odds: 2.50
- To Fractional: (2.5 – 1) / 100 = 0.5 / 100, which is equivalent to 4/100, then simplify it to 2:5