Quote:
Originally Posted by Andreas
2/1 is 2.0.
For every 1 $ placed you win 2 $ + you get your stake back, so that's 3 $ in total.
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Hey Andreas,
In sports betting, all decimal pricing includes the "initial stake".
With fraction odds, you get to see "2 parts" in the X/Y format:
5/1
X = 5 = profit
Y = 1 = Initial stake
Total = 6
Because in decimal pricing, there is only "1 part", it includes both X + Y so that the user knows if they bet 1 unit, they will get back X + Y total
I hope this makes sense, I've been gambling too long so this part I am definitely sure of
I just want to say thanks so much for this! I'm busy setting up a forum with it in use
p.s. I just found the Wiki entry for it, I hope it helps to confirm:
http://en.wikipedia.org/wiki/Fixed-odds_gambling