A description of the Betting Odds Formats available
 
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Types of odds offered

There are three widely-used means of quoting odds:

Fractional odds
This is the favoured method of quoting odds by UK Bookmakers, fractional odds quote the net total that will be paid out to the bettor, should he win, relative to his stake. Odds of 6/1 ( "Six-to-one" or "Six-to-one against") implys that the bettor stands to make a 60 profit on a 10 stake. The bettors stake is also returned making a total return of 70. If the odds are 1/6 (read "sixr-to-one on"), the bettor will make 10 on a 60 stake. Odds of 1/1 are normally called evens. Fractional odds are also known as British odds or UK odds.

Decimal odds
ecimal odds are favoured in in continential Europe and Canada, decimal odds differ from fractional odds in that they quote the total amount that will be paid out to the bettor including thier initial stake. So to put it simply, decimal odds of an outcome are the same as the decimal value of the fractional odds, plus one.

The 6/1 fractional odds used above would be quoted as 7 (1+(6/1)), while the 1/6 odds would be quoted as 1.167 (1+(1/6)). Decimal odds are considered to be ideal for parlay betting, because the odds to be paid out are simply the product of the odds for each outcome bet.
Decimal odds are favoured by betting exchanges as they are the easiest to work with for trading.

Decimal odds can be known as European odds, or continental odds in the UK.

Moneyline odds

Moneyline odds are the odds favoured by American bookies. If the figure quoted is negative, then the moneyline odds are quoting how much money must be wagered to win 100 - this is done if the odds are better than even. If the figure quoted is positive, the odds are quoting how much money will be won on a 100 wager - this is done if the odds are worse than even. Even odds can either be quoted as $100 or -$100. Fractional odds of 6/1 would be quoted as (+)600, while fractional odds of 1/6 would be quoted as -$600.

Betting Odds Formats

BOOKMAKERS
Bookie Offer Rank
BET365 €100 10
Betfred 40 2.6
Betinternet 25 GBP 10
Betsafe 10
BetSense 2.7
BetShop 2.4
Betuk 25 2.4
BetWay 2.2
BlueSquare 25 5.8
Boylesports 10
Canbet 10
Centrebet 0
Coral 10 6.5
Gamebookers 2.4
Ladbrokes 25 9
Mansion 2.4
Pinnacle Sports $500 10
Skybet 20 3.9
SportingBet 100 2.4
Stan James 25 2
Sunderlands 5
Totalbet 2.4
Tote Sport 10 10
Victor Chandler 100 3
William Hill 0 9.7
World Bet 4

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