{"id":96,"date":"2022-11-02T11:28:08","date_gmt":"2022-11-02T11:28:08","guid":{"rendered":"https:\/\/bwarabia.com\/sa\/2022\/11\/02\/hello-world-8\/"},"modified":"2025-08-08T08:10:29","modified_gmt":"2025-08-08T08:10:29","slug":"how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained","status":"publish","type":"post","link":"https:\/\/bwarabia.com\/sa\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\/","title":{"rendered":"How do betting odds work and how to read them: Betting odds explained"},"content":{"rendered":"\r\n

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"Learn how betting odds work, how to calculate returns and probabilities. A complete guide for Betway users in Saudi Arabia.","footnotes":"","href_lang_slug_x_default":"","href_lang_slug_ae":"{\"en\":{\"ae\":\"https:\/\/bwarabia.com\/ae\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"ae\":\"https:\/\/bwarabia.com\/ae\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_sa":"{\"en\":{\"sa\":\"https:\/\/bwarabia.com\/sa\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"sa\":\"https:\/\/bwarabia.com\/sa\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_eg":"{\"en\":{\"eg\":\"https:\/\/bwarabia.com\/eg\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"eg\":\"https:\/\/bwarabia.com\/eg\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_lb":"{\"en\":{\"lb\":\"https:\/\/bwarabia.com\/lb\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"lb\":\"https:\/\/bwarabia.com\/lb\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_kw":"{\"en\":{\"kw\":\"https:\/\/bwarabia.com\/kw\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"kw\":\"https:\/\/bwarabia.com\/kw\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_bh":"{\"en\":{\"bh\":\"https:\/\/bwarabia.com\/bh\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"bh\":\"https:\/\/bwarabia.com\/bh\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_om":"{\"en\":{\"om\":\"https:\/\/bwarabia.com\/om\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"om\":\"https:\/\/bwarabia.com\/om\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_jo":"{\"en\":{\"jo\":\"https:\/\/bwarabia.com\/jo\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"jo\":\"https:\/\/bwarabia.com\/jo\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_qa":"{\"en\":{\"qa\":\"https:\/\/bwarabia.com\/qa\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"ar\":{\"qa\":\"https:\/\/bwarabia.com\/qa\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_tn":"{\"ar\":{\"tn\":\"https:\/\/bwarabia.com\/tn\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"fr\":{\"tn\":\"https:\/\/bwarabia.com\/tn\/fr\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_ma":"{\"ar\":{\"ma\":\"https:\/\/bwarabia.com\/ma\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"fr\":{\"ma\":\"https:\/\/bwarabia.com\/ma\/fr\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}","href_lang_slug_dz":"{\"ar\":{\"dz\":\"https:\/\/bwarabia.com\/dz\/ar\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"},\"fr\":{\"dz\":\"https:\/\/bwarabia.com\/dz\/fr\/how-do-betting-odds-work-and-how-to-read-them-betting-odds-explained\"}}"},"categories":[10],"tags":[],"class_list":["post-96","post","type-post","status-publish","format-standard","hentry","category-betting-terms"],"acf":{"_post_img":97,"description":"

From reading betting odds, to using them to work out implied probability, our guide explains everything you need to know.<\/h2>\r\n\r\n

If you\u2019re new to betting, an explanation into how betting odds work and how to read betting odds is the first thing you will need.<\/p>\r\n\r\n

Once you have got your head around them, betting odds help you to work out how likely an outcome is to happen and to calculate your potential winnings.<\/p>\r\n\r\n

Despite looking daunting to begin with, they are easy to understand with the application of some simple maths.<\/p>\r\n\r\n

What are betting odds?<\/h2>\r\n\r\n

Betting odds are used by bookmakers as a way of presenting the likelihood of a specific outcome in an event.<\/p>\r\n\r\n

They are often written as fractions (2\/1) or decimals (3.0) but can also be written with a plus or a minus in front of a number (+200), referred to as moneyline or American odds.<\/p>\r\n\r\n

Betting markets can often provide you with multiple different outcomes in any given event.<\/p>\r\n\r\n

Let\u2019s take football match betting, for example.<\/p>\r\n\r\n

You will be presented with a choice of a home win, draw or an away win. Each of these three outcomes will be given a value based on their probability.<\/p>\r\n\r\n

But betting odds can apply to anything with a set outcome and are often seen in TV, music and politics as well as sport.<\/p>\r\n\r\n

As well presenting probability, betting odds also help a customer calculate their potential winnings from a bet.<\/p>\r\n\r\n

How do betting odds work?<\/h2>\r\n\r\n

Simply put, betting odds display the probability of an outcome and are represented in a fractional or decimal form most of the time.<\/p>\r\n\r\n

That representation then tells us how much we could potentially win if that particular outcome were to happen.<\/p>\r\n\r\n

How to read betting odds?<\/h2>\r\n\r\n

Fractional odds tell us our potential winnings in relation to our stake. The number on the left-hand side represents the potential profit if we stake the number on the right-hand side.<\/p>\r\n\r\n

For example, a \u00a31 bet on Team A to win at 2\/1 will return \u00a33 if successful. Of those returns, \u00a32 is profit and the remaining \u00a31 is the bettor\u2019s stake.<\/p>\r\n\r\n

10\/1: \u00a310 profit for every \u00a31 staked.<\/em><\/p>\r\n

5\/2: \u00a35 profit for every \u00a32 staked.<\/em><\/p>\r\n

4\/11: \u00a34 profit for every \u00a311 staked.<\/em><\/p>\r\n\r\n

When the number on the left-hand side is smaller than the number on the right-hand side, the bet is referred to as odds-on. When the opposite is true, it is odds-against, while odds of 1\/1 are referred to as evens.<\/p>\r\n\r\n

Decimal odds, meanwhile, tell us our potential winnings inclusive of our stake. All that\u2019s needed to work out the total returns is to multiply stake by the odds.<\/p>\r\n\r\n

For example, a \u00a31 on Team A to win at 3.00 will return \u00a33 if successful. Like the bet with fractional odds above, \u00a32 of those returns are profit and \u00a31 is the bettor\u2019s stake.<\/p>\r\n\r\n

10.00: \u00a31 bet would return \u00a310 inclusive of stake.<\/em><\/p>\r\n

2.50: \u00a34 bet would return \u00a310 inclusive of stake.<\/em><\/p>\r\n

1.50: \u00a32 bet would return \u00a33 inclusive of stake.<\/em><\/p>\r\n\r\n

The equivalent of 1\/1 odds in a decimal is 2.00.<\/p>\r\n\r\n

Finally, moneyline odds tell us the potential profit from a bet. The easiest way to understand how they work, is to use an example:<\/p>\r\n\r\n

Team A +130<\/p>\r\n

Team B -150<\/p>\r\n\r\n

The plus sign in front of Team A\u2019s odds denotes that they are the underdogs in the match.<\/p>\r\n\r\n

A successful bet will return \u00a3130 in profit for every \u00a3100 staked. If Team A win, a \u00a310 bet will return \u00a323 - \u00a313 in profit and the \u00a310 stake.<\/p>\r\n\r\n

The minus sign in front of Team B\u2019s odds denotes that they are favourites to win the match.<\/p>\r\n\r\n

The bettor will receive \u00a3100 for a successful bet with a \u00a3150 stake. A \u00a310 stake, meanwhile, would return \u00a316, \u00a36 of which would be profit.<\/p>\r\n\r\n

Using odds to calculate probability<\/h2>\r\n\r\n

We can also use betting odds to work out the implied probability of an outcome.<\/p>\r\n\r\n

In simple terms longer odds mean that an outcome is less likely to happen, but it\u2019s possible to dive a little deeper.<\/p>\r\n\r\n

To calculate probability from fractional odds, we need to divide the number on the right-hand side of the fraction by the sum of both numbers.<\/p>\r\n\r\n

So, odds of 9\/1 would give an implied probability of 10 per cent.<\/p>\r\n\r\n

That is because 9+1=10, and 1\u00f710=0.1. Expressed as a percentage, 0.1 equals 10 per cent.<\/p>\r\n\r\n

5\/1: 5+1=6, 1\u00f76=0.167 (16.7 per cent)<\/em><\/p>\r\n

6\/4: 6+4=10, 4\u00f710=0.4 (40 per cent)<\/em><\/p>\r\n

2\/5: 2+5=7, 5\u00f77=0.71 (71 per cent)<\/em><\/p>\r\n\r\n

It\u2019s a little simpler to calculate probability from decimal odds. We just divide the number one by the decimal odds.<\/p>\r\n\r\n

So, odds of 10.00 would give an implied probability of 10 per cent.<\/p>\r\n\r\n

That is because 1\u00f710=0.1. Expressed as a percentage, 0.1 equals 10 per cent.<\/p>\r\n\r\n

6.00: 1\u00f76=0.167 (16.7 per cent)<\/em><\/p>\r\n

2.50: 1\u00f72.50=0.4 (40 per cent)<\/em><\/p>\r\n

1.40: 1\u00f71.40=0.71 (71 per cent)<\/em><\/p>\r\n\r\n

How to convert fractional to decimal odds?<\/h2>\r\n\r\n

Generally, you are unlikely to need to manually convert fractional odds to decimals. Instead, you will be able to select your preference on the Betway website.<\/p>\r\n\r\n

But here is how it is done:<\/p>\r\n\r\n

To calculate 6\/1 as a decimal, we divide the number on the left-hand side by the number on the right-hand side and add one.<\/p>\r\n\r\n

So 6\u00f71=6 and 6+1=7.00.<\/p>\r\n\r\n

10\/1: 10\u00f71=10 and 10+1=11.00<\/em><\/p>\r\n

6\/4: 6\u00f74=1.5 and 1.5+1=2.50<\/em><\/p>\r\n

2\/5: 2\u00f75=0.4 and 0.4+1=1.40<\/em><\/p>\r\n\r\n

Hopefully our guide has given you an overview of how betting odds work and how to use them. Good luck with your future online betting<\/a>!<\/p>","continue_text":"Continue reading","main_heading":"Blog"},"yoast_head":"\nHow do betting odds work and how to read them: Betting odds explained - Betway Saudi Arabia<\/title>\n<meta name=\"description\" content=\"Learn how betting odds work, how to calculate returns and probabilities. 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