![]() So…what’s the difference between profit and return? As the name implies, they are decimal numbers and always positive.īelow is the formula for calculating the return and profit for decimal odds of 1.59. 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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