What are the underlying factors?
What are the underlying factors?
The first thing you need to understand is what the underlying factors. For example, consider a ratio of 2/1 (3.00). It means you have to bet one unit to win two. Odds of 4/1 (5.00) means that one unit bet to win 4. There are lower rates - for example, half - must wager 2 units to win 1 or graphically - at 1/2 (1.50 in decimal) bet 1 E and your profit is 0.50 E. At stake is always a relationship between risk and potential profit.
Highest odds like 2/1 suggest a small theoretical chance of winning, while half is more likely to go out, because in him risking more than double the probable value of profits. There is no difference between decimal and fractional odds than this, that decimal include your bet and fractional only pure profit.
For example, fractional odds 3/1 means that at 1 E set your profit is 3 E, but if you add a bet you will actually get 4 E back on your account. This fractional coefficient corresponds to 4.00 in decimal system - with one set E will get 4 E back. Many people prefer namely decimal odds because they are more understandable.