Fractional Odds in Online Sports Betting
Fractional Odds are the most complicated type of odds. They express the net amount you will win relative to the stake you have made. These fractions can be expressed as a percentage of your original wager, a ratio, or a log.
Fractional odds are commonly used in sportsbooks and bookmakers. The odds of a binary event are p and p-1, where p represents the probability of success and p the probability of failure. If the odds of an event are less than one, they are usually expressed as fractional. For example, the odds of a three-horse race are 50%, 40%, and 10%.
Fractional odds are not as common as decimal odds, which are popular across Asia and Continental Europe. Decimal odds are ideal for parlay betting. Decimal odds are also commonly used in clinical trials in the Singapore best online sports betting site.
Fractional odds are often displayed as a positive number. In this case, the total amount you will win is multiplied by your initial wager. Usually, these fractions are represented as two, three, and four. However, this depends on the bookmaker and the context.
Fractional odds are commonly displayed in the United Kingdom. In Hong Kong, they are similar to decimal odds, but are not usually expressed in fractions.
For example, 3/1 odds mean that you would bet $3 for every $1 you bet. Conversely, you would wager a total of PS25 for each PS100 you bet. Both of these examples are based on a sample of seven outcomes.