What Decimal Odds means
Decimal odds, standard across Europe, Australia and Canada, express your total return per $1 (or €1, £1) wagered, with the stake already included in the number. Odds of 2.40 mean a $10 bet returns $24 total if it wins - $14 profit plus your original $10 stake back. Decimal odds are popular internationally partly because the math is more intuitive for multiplying across parlay legs: you simply multiply each leg's decimal odds together to get the combined payout multiplier, without needing to convert formats first.
Key points
- Decimal odds, standard across Europe, Australia and Canada, express your total return per $1 (or €1, £1) wagered, with the stake already included in the number.
- Odds of 2.40 mean a $10 bet returns $24 total if it wins - $14 profit plus your original $10 stake back.
- Decimal odds are popular internationally partly because the math is more intuitive for multiplying across parlay legs: you simply multiply each leg's decimal odds together to get the combined payout multiplier, without needing to convert formats first.
Example and context
Decimal odds, standard across Europe, Australia and Canada, express your total return per $1 (or €1, £1) wagered, with the stake already included in the number.
Related glossary terms
These terms sit in the same part of the betting vocabulary and are useful to read next.
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