General Betting
Was curious to know would it be right if I said Fractional odds of 83/100 is the same as 1.83? I understand the fractional odds of 5/6 and that it is equivalent to 2 decimal places is 1.83.
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serious ?
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29000 posts and u cant convert a fractional odd...................please
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Fractional odds +1 = European odds.
83/100 Fractional 83/100+1 =1.83 European. |
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OF course the other reason is with fractional odds it was much more difficult for the punter to work out the overround and so how much the bookie was charging/ripping you off. People were not going to sit down and figure out if a footy match was priced up at 8/11, 9/4 and 4/1 whether that was a fair price or not, especially before the internet. If you want to rip people off then you need to make your charging structure as complicated as possible.
It used to happen all the time in the finance industry. Have you ever tried to compare costs for gas and electricity companies? Good luck if you have. |
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I think for me, terms like: 1/9, 1/8, 1/6, 2/9, 2/7, 4/11, 4/9, 8/15, 4/7, 8/13, 4/6, 8/11, 5/6, 10/11 are used so widely in betting circles that they have become the 'norm'. I honestly think in this modern world of technology and betting, alot of the younger generation if you asked them those fractional odds as mentioned (im making a generalisation) wouldn't know or how to convert it to decimal form. (Yes I do know its an easy process to calculate )
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Another term I missed out is 1.03, Fractional Term 3/100, Fractional Odds 1/33
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Except again 1/33 does not equal 3/100. And the tiny difference actually for larger sums is much more stark than the example above.
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Would I then be right in saying the proper naming for 1.03 would be the 'Fractional Term' is 3/100? but the 'Fractional Odds' is 1/33?
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No.
If you bet at 1.03 you're getting fractional odds of 3/100. 1/33 is - perhaps you may claim splitting hairs - but a decimal odds of 1.0333333. Try betting £100 at 3/100 or 1.03. You win £3. Bet £100 at 1/33. You win £3.33. At such short odds, the difference between the two odds is 10 per cent in terms of winnings. The example above of 5/6 or 83/100, the difference for £100 is £83 winnings of £83.33, so not quite as noticable, though still different. |
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http://www.ukhorseracingtipster.com/FractionalToDecimalOdds.htm this website is right....
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west cost eagles did u skip maths lessons when u were at skool.
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I didn't finish Grade 12 and I wasn't smart enough to go to university
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