Bet payouts are calculated based on the odds offered for a particular event and the amount of money wagered. There are different types of odds formats, such as decimal, fractional, and American (moneyline) odds, and each has its own method of calculating payouts. Here’s how payouts are typically calculated for each type of odds:
### Decimal Odds
Decimal odds are popular in Europe, Australia, and Canada. They are easy to understand and calculate. The decimal odds number represents the amount one wins for every $1 wagered. To calculate the payout, you multiply the odds by the amount bet.
– **Payout Calculation**: (Odds x Stake) – Stake
– **Example**: If you bet $10 on a team with decimal odds of 3.0, the calculation is (3.0 x $10) – $10 = $30 – $10 = $20 in profit. You would receive a total payout of $30 ($20 profit + your original $10 stake).
### Fractional Odds
Fractional odds are popular in the UK and Ireland. They are expressed as a fraction, where the numerator (first number) is the potential profit, and the denominator (second number) is the stake.
– **Payout Calculation**: (Numerator/Denominator x Stake) + Stake
– **Example**: If you bet $10 on a team with fractional odds of 5/1, the calculation is (5/1 x $10) + $10 = $50 + $10 = $60 total payout. You would receive $50 in profit plus your original $10 stake.
### American (Moneyline) Odds
American odds are either positive or negative and are based on a $100 stake. Positive odds indicate how much profit you would make on a $100 bet, while negative odds indicate how much you need to bet to win $100.
– **Positive Odds Calculation**: (Odds/100 x Stake) + Stake
– **Example**: If you bet $10 on a team with moneyline odds of +200, the calculation is (200/100 x $10) + $10 = $20 + $10 = $30 total payout.
– **Negative Odds Calculation**: Stake / (Odds/100)
– **Example**: If you bet $10 on a team with moneyline odds of -200, the calculation is $10 / (200/100) = $10 / 2 = $5 profit. The total payout would be $15 ($5 profit + your original $10 stake).
It’s important to note that the actual payout will also include your original stake, unless otherwise specified. Bookmakers may also take a commission (also known as vigorish or vig) from the payout, which can affect the final amount you receive. Always check the terms and conditions of the betting platform you are using to understand how they calculate payouts and whether they charge any fees or commissions.