Decimal Odds Meaning – The Most Popular Betting Odds Format
Last Updated: May 31, 2022
Expressed in decimals, these odds are also called European Odds and are the simplest type of betting odds format.
This is because you can instantly differentiate between the favorite and the underdog, as the favored team has lower odds, while the underdog has higher odds on them.
For example, if Liverpool (1.6) is playing Manchester United (2.5), you can clearly see who’s the favorite at first glance.
To put it into numbers, if you bet $100 in this scenario, you would get $160 in return for betting on Liverpool and $250 for betting on United.