# What are the Decimal Odds of Sports Betting?

Decimal odds can be confusing. They’re a way of looking at the odds of an event, which makes them easier to understand and use. Decimal odds enable you to compare the likelihood of different events happening and enables you to better understand the meaning of the odds. There’s more than one way of looking at the decimal odds of a sporting event, however, so let’s take a quick look at how to calculate them.

## How Do I Calculate Decimal Odds?

To calculate decimal odds, you need to use either the Taylor series, which is a way of calculating the percentage by which an economic event will exceed its prior event, or the Fibonacci series, which is used to calculate the ratio of a team’s winning percentage to its total number of games played. To use the Taylor series, you need to find the odds of the previous event and then use them to find the odds of the current event. To use the Fibonacci series, you need to find the ratio of the odds of the previous event to the current event. The decimal odds of any event can then be found by multiplying or dividing the result by 10. For example, the decimal odds of a tennis match are usually given as 3.0 or 2.5, which means there’s a 3-in-10 or a 2-in-5 chance of the tennis match ending in a win for the home team. You can use these odds in a number of ways, but you should certainly consider placing a bet if they correspond to your point of view.

## What Are The Decimal Odds of Australian Football?

It’s pretty common for Australian football teams to be given odd odds, which means there’s more than a 50% chance of the home team winning. Given this, it’s no wonder that Aussie football is one of the most popular sports to bet on. The decimal odds of an Australian Football game are usually between 3.0 and 3.5, which makes a win for the home team more than 50% likely. It’s also important to note here that even odds (between 1.0 and 1.5) aren’t always good news for the person placing the bet. If you think that the home team will win, then you’re better off choosing odds that are higher than 1.0, while if you think that the away team will win, lower odds are preferable.

## What Are The Decimal Odds of American Football?

The American Football odds can vary a lot, as you’d expect from a sport that’s played in all 50 states. Some of the more unusual odds are 0.0, which means a coin flip – or in other words, a 50/50 chance of winning. More typically, the decimal odds of an American Football game are between 0.5 and 1.0, which means there’s a 50% chance of the home team winning. This makes it the opposite of Australian football but doesn’t necessarily mean that you’re better off avoiding American Football bets. It all depends on your perspective. If you think that the home team will win more often than not, then you’ve got nothing to lose by betting on American Football. Just make sure you don’t bet on either team unless the line moves in your favor. If you think that the away team will win more often than not, then you’re better off avoiding American Football bets because the upside is limited to 50/50 – and you might even lose money if you choose this option.

## What Are The Decimal Odds of Cricket?

Unlike the other sports we’ve looked at so far, the odds of a cricket match almost always seem to be in favor of the home team. This isn’t because cricket is more popular in Australia but because most sportsbooks update their odds more frequently in cricket. If you think that there’s more than a 50% chance of the home team winning, then it’s usually safe enough to bet on cricket. Just be sure to check the website before making any wagers, especially if you’re located outside of Australasia – the world’s biggest bookmaker, Paddy Power, doesn’t offer odds for cricket matches played abroad.

## How Do I Use These Decimal Odds?

These decimal odds can be really handy because they give you a 50% chance of winning for whichever team you bet on. If you want to make money off a bet but don’t want to lay down any cash yourself, you can use these odds to lay odds on other events and then earn a commission. For example, let’s say you believe that the decimal odds of an Australian Football game are 3.0, which means there’s a better than 50/50 chance of the home team winning. You also know that the decimal odds of a Cricket match are usually in favor of the home team, so you decide to bet on one of those as well. You lay a one-unit bet on the Australian Football match and a ten-unit bet on the cricket match at odds of 3.0 and the Australian Football match wins, then you’ll earn 30% of the total funds wagered. This makes the Win for the Money lineup of Australian Football a profitable choice for punters.

In addition to placing wagers on other sporting events using these decimal odds, you can also use them in other ways. For example, you might want to use the decimal odds of a golf tournament to compare the relative difficulty of different courses. Or you could use the decimal odds of a tennis match to compare the different varieties of tennis (e.g. ATP, WTA, etc.). There’s a lot you can do with these odds but as long as you keep in mind that they’re just that – odds – then you’ll be fine.