Fractional Odds Formula:
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Fractional odds (also called British odds) represent the potential profit relative to the stake. Commonly used in UK and Ireland, they show how much you stand to win compared to your bet. For example, 5/1 means you win $5 for every $1 wagered, plus your original stake back.
The calculator uses the fractional odds formula:
Where:
Explanation: The formula calculates your total return (winnings plus original stake) based on the fractional odds provided.
Details: Understanding fractional odds helps fantasy football players evaluate potential returns on bets, compare different betting options, and make informed wagering decisions.
Tips: Enter your stake amount in dollars, the numerator and denominator of the fractional odds. All values must be valid (stake > 0, numerator ≥ 0, denominator > 0).
Q1: How do fractional odds differ from decimal odds?
A: Fractional odds show profit relative to stake (5/1 = win $5 plus $1 stake back), while decimal odds include the stake in the ratio (6.0 = win $6 including $1 stake).
Q2: What does "evens" mean in fractional odds?
A: "Evens" is 1/1 odds, meaning you win an amount equal to your stake (plus your stake back).
Q3: How do I convert fractional odds to probability?
A: Probability = denominator / (numerator + denominator). For 5/1 odds, probability = 1/(5+1) = 16.67%.
Q4: What does 5/2 odds mean?
A: For every $2 wagered, you profit $5 plus get your $2 stake back ($7 total for $2 bet).
Q5: Are fractional odds better than decimal odds?
A: Neither is inherently better - fractional odds are traditional in the UK while decimal odds are more common in Europe and easier for calculations.