This number is the odd or probability. It represents the winning chance and financial performance of each bet. We work with decimal odds!
The favorite team to win will be the safe bet, so the risk and payout are lower. You will see this in odds close to 1.
Let's see an example and bet $30 on the favorite team:
TEAM A 1.50 vs. TEAM B 2.40
To calculate the payout, it's only necessary to multiply the wagered amount by the chosen odds. Since you won your $30 bet on Team A, you would receive $45 in total ($30 x 1.50).
Payout = Bet Amount x Odd
Remember that this is the total return on your bet. To calculate the profit, you only need to subtract the stake from the payout.
Profit = Payout - Bet Amount
In this example, you had net winnings of $15 for your $30 bet on the favorite team 😁
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