How to Read Decimal MLB Oddsĭecimal odds are the most common format used by European sportsbooks. ![]() The following is the formula for calculating the profit for the fractional odds of 4/1. Used primarily in Ireland and the United Kingdom, fractions represent the profit you would receive for a successful bet. To calculate the payout for odds of +165, simply use the following formula: How to Read Fractional MLB Odds The odds represent how much you’ll win if you bet $100. The positive odds are very easy to calculate. In this scenario, we need to risk $175 to win $100. To calculate the payout for odds of -175, simply apply the following formula.Īgain, for negative numbers, the value of the odds tells you how much you need to wager to win $100.
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