BY markoh September 28, 2022

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British fractional odds

Fractional odds (also known as ‘U.K.’ odds, ‘U.K.’ odds, or ‘traditional’ odds) are popular among the U.K. and Irish bookmakers. They are usually present with a slash (/) or a hyphen (-).

A fractional listing with 6/1 (six to one) odds means you win $6 for every $1 you bet and get your dollar back (i.e., the amount you bet). That is to say, this is the ratio of the amount won (profit) to the initial bet, which means you will receive your Stake ($1) in addition to the profit ($6), so the total payout is $7. So if you bet $10 at 6/1 and win, you’ll get a total prize of $70 ($60 profit + $10 stake).

The total (potential) return on equity can be expressed as:

Tp = ( S ( N / D ) ) + S

  

Where:

  • Tp is the total expenditure
  • S is for equity
  • N/D is the numerator/denominator for odd decimal numbers (for example, 28/6)

Let’s assume the following are the odds for the three teams most likely to win the 2022 NBA championship:

  • Miami Heat: 13/5
  • Los Angeles Lakers: 9/2
  • Boston Celtics: 7/1

It can be found out that the Miami Heat are the favorites, while the Los Angeles Lakers and Boston Celtics have a better chance of winning. For every $5 you bet, you’ll win $13 to bet Miami to be the champion. Meanwhile, for every Los Angeles Lakers win, you’ll win $9 for every $2 you put in, which is unlikely. For the Boston Celtics, you win $7 for every $1.

In the example above, if you bet $100 on Miami to win, you would make $260 as a profit ($100 x (13/5)) and get back your original $100 stake for a total payout of $360. However, if you win on a $100 bet on the Los Angeles Lakers, you will earn a profit of 450 dollars ($100 x (9/2)) is in addition to your initial $100 stake, so your total payout is $550.

The potential profit for a Boston Celtics win would be higher, as you could make a profit of $700 ($100 x (7/1)). After returning the initial principal of $100, the total payout is $800.

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