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Old 02-23-2006, 11:01 PM
virtualraceday virtualraceday is offline
 
Join Date: Dec 2005
Posts: 11
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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.
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
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