One of the big talking points in football betting circles – and the bookmaking industry at large – in recent years has been whether fractional odds or decimal odds are more punter-friendly.
In the UK, the vast majority of odds on football or any other sport you see online or in newspapers will be fractional, but this is not necessarily true everywhere in the world.
For example, if you are a bwin customer living outside the UK, your football bets will be made with decimal odds
So what’s the difference?
Let’s say you want to place a football bet on Arsenal to beat Manchester United. If the fractional betting odds being offered are 2/1, then the decimal equivalent will be 3.00
In the former, 2/1 means that you receive a £2 win for every £1 you bet on this selection. The key point is that this does not include your stake, which you also get back if you win the bet.
So if you place £1 on Arsenal to win and they do, you will receive your winnings (£2) plus your returned stake (£1), which equals £3 in total. Similarly, a successful £10 football bet at this price would see you receive £30.
The difference with decimal betting odds is that the stake is incorporated into the price being offered, namely as one unit (1.00). So in the example above, the 3.00 price is telling you exactly how much you will get in return in pounds for a £1 bet.
Supporters of decimal betting odds say that this makes their system better, in the sense that it is easy to calculate returns on these types of bets and there is no confusion.
However, fractional betting odds apologists claim that their system is more valuable because of the weight of tradition, which means punters are more comfortable and familiar with it.
The debate looks sure to continue!