How to compare betting odds: decimal odds, implied probability and bookmaker margin explained with examples.
How to compare betting odds: decimal odds, implied probability and bookmaker margin explained with examples.
The exchange provides you with a platform that matches your trades with open orders from other users of our services at your direction. Users are not able to predetermine a trade with a particular user or with a particular account. Additionally, an order may be partially filled or may be filled by multiple matching orders.
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Decimal odds show your total return per unit staked: odds of 2.50 return 2.50 for a 1 stake. Implied probability is 1 divided by the odds — 2.50 equals 40%. Add up the implied probabilities of all outcomes and the amount above 100% is the bookmaker’s margin.
For example, odds of 1.90 on both sides of a market add up to about 105%, a 5% margin. Lower margins mean better value for you — that is why we show margins in our bookmaker comparisons.