European Odds Meaning – The Most Popular Betting Odds Format

European odds are the simplest of betting odds, always expressed in decimals, which is why they’re also known as decimal odds.

The European odds are prevalent in most of Europe and countries like Australia, New Zealand, and Canada.

Here’s an example to better understand how European odds work. Let’s say you’re betting on a football game where the odds are 1.5 on the home team, 1.9 on the draw, and 2.1 on the away team.

If you bet $100 on the home team at 1.5, it means you’ll get $150. Betting on the draw will get you a payout of $190 while betting on the away team will net you $210.