PRACTICAL GUIDE IRELAND
Betting Odds Explained
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Read decimal odds, implied probability and returns with clear examples.
Decimal odds show the total return for each euro staked, including the original stake. At odds of 3.00, a €1 stake returns €3.00 if the selection wins, before any applicable terms.
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Explore WinsharkHow to use this guide
To estimate the implied probability from decimal odds, divide 1 by the odds and multiply by 100. For example, 2.00 implies 50% before bookmaker margin. This is a mathematical conversion, not a prediction that the outcome has that chance. For a potential return, multiply the stake by decimal odds.
What to check
- Identify the odds format
- Separate total return from profit
- Use the event market for settlement details
Multiply the stake by the decimal odds to get the total return; subtract the stake to calculate profit if the bet wins.