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Learn Betfare's Odds Formats & How to Calculate Them
The simplest format to use. The number shown represents your total return per unit staked.
Odds displayed in British style — shows profit only, not total return.
Expressed as positive (+) or negative (−) numbers. Commonly used in the American market.
You can calculate the implied probability from decimal odds like this: (1 ÷ Odds) × 100 = Probability %. For example, odds of 2.00 imply a 50% probability, while odds of 1.50 imply 66.7%. The lower the odds, the higher the implied probability — but the smaller the profit. Keeping this simple relationship in mind makes it much easier to make informed decisions.
In the world of betting, the single most important concept is odds — roughly equivalent to a "rate" or "price" in everyday terms. In any match where bets are placed on the outcome, each team is assigned its own odds. Betfare's odds are available both before and during every match.
Odds tell you two things: which team or player the bookmaker considers the favourite, and how much you stand to win. The lower the odds, the bigger the favourite. For example, in a Bangladesh vs India match, if Bangladesh are priced at 1.85 and India at 1.95, both sides are seen as roughly even — though an India win would return slightly more.
Betfare's odds system stands out for its speed. On most betting sites, odds take a moment to update — but here, in-play betting odds can change in under 3 seconds. This is a major advantage for experienced bettors who need to react quickly to market shifts.
Odds work a little differently in cricket. The opening odds of a T20 match can shift dramatically after just 10 overs. As one team pulls ahead, their odds shorten. Spotting these moments and making the right call can lead to strong returns. BetfareBetfare's in-play betting markets go beyond just the match winner — you can also bet on micro markets like runs in each over or whether a wicket falls on the next ball.
The most popular market in football is 1X2 — Home Win, Draw, or Away Win. But Betfare goes well beyond that, offering Asian Handicap, Over/Under Goals, Both Teams to Score, and more — up to 200 betting markets per match.
There's a common misconception in betting — that higher odds always mean bigger profits. That's true, but higher odds also mean a lower chance of winning. A smart bettor always looks for the right balance between odds and probability. When a team's odds seem higher than what the market suggests, that's what's known as a "value bet" — and mastering this concept is what makes it possible to stay profitable in the long run.
Betfareoffers three odds formats — decimal, fractional, and American. For users in Bangladesh, decimal format is the most convenient as it's the easiest to calculate. You can switch formats at any time from the settings.
Ultimately, odds are more than just numbers — they reflect the overall sentiment of the market. Watching how odds shift in the lead-up to a major tournament reveals where bettors are placing their confidence. Tracking this "market movement" is a key strategy among experienced bettors, and Betfare's Match Odds page always has this information readily available.
How the Same Odds Look in Three Formats
| Implied Probability | Decimal | Fractional | American | Return on ৳100 bet |
|---|---|---|---|---|
| 66.7% | 1.50 | 1/2 | -200 | ৳150 |
| 50.0% | 2.00 | 1/1 | +100 | ৳200 |
| 40.0% | 2.50 | 3/2 | +150 | ৳250 |
| 33.3% | 3.00 | 2/1 | +200 | ৳300 |
| 25.0% | 4.00 | 3/1 | +300 | ৳400 |
Everything You Need to Know About Match Odds
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