डेसिमल ऑड्स

Decimal odds tell you how much comes back for every $1 you bet, stake included. They are standard in Europe, Australia and at most crypto sportsbooks, and many Canadian books offer them as an option next to American odds. Quebec's Mise-o-jeu+ shows decimal prices.

Worked example

You bet $40 at 2.35.

• Total return: 40 × 2.35 = $94.
• Profit: $94 minus $40 = $54.

Anything under 2.00 is a favourite, 2.00 is even money, and anything above is an underdog.

Converting

• Decimal to American, 2.00 or higher: (decimal minus 1) × 100. 2.35 becomes +135.
• Decimal to American, under 2.00: minus 100 / (decimal minus 1). 1.60 becomes -100 / 0.60 = -166.67, usually rounded to -167.
• Decimal to implied probability: 1 / decimal. 2.35 is 42.6%; 1.60 is 62.5%.

Parlays made easy

Decimal odds make parlay maths simple: multiply the legs. 1.60 × 2.35 = 3.76, so a 0.01 BTC two-leg parlay returns 0.0376 BTC if both legs win, and the same maths applies whatever coin you stake.