Understanding Decimal Odds
Learn how to read decimal odds, calculate implied probability, and spot value bets.
What Are Decimal Odds?
Decimal odds show how much you receive for every R1 bet, including your stake. Odds of 2.50 mean you receive R2.50 back for every R1 wagered — a R1.50 profit.
Calculating Implied Probability
Divide 1 by the decimal odds: 1 ÷ 2.50 = 40%. This is the bookmaker's implied probability that the outcome will happen.
Finding Value Bets
A value bet is when you believe the true probability is higher than the implied probability. If you think a team has a 50% chance of winning but the odds imply only 40%, that's a value bet.