Decimal odds are quoted as a single number, such as 1.9 or 2.5 or 6. What that number means is it’s the amount that you’ll collect from a winning $1 bet—including the amount of your bet. So if you bet $1 at 2.5, you will receive $2.50 from a winning bet— your original $1 plus $1.50 in winnings. A nice feature of decimal odds is that to find the break-even percentage you just take the reciprocal. The break-even percentage of 1.91 is 1 / 1.91 = 52.4%. The break-even percentage of 3.3 is 1 / 3.3 = 30%. And so on. You don’t have to mess with different formulas for plus and minus numbers.
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