The amount of money you would get back would be $3 (your $2 profit and $1 stake).Īt the time of writing Joe Biden is 1/2 to win the election and Donald Trump is 13/8. So if a bet is 2/1 you would have to bet $1 to win $2. The first number is the amount you can win, the second number is the amount you have to stake.
They are displayed in the format of two numbers with a slash between them, ie. The most commonly used odds format, especially in the UK and Ireland. What you are looking at there is the difference between fractional odds, decimal odds, American odds and implied probability. Whether you like to bet on markets or not it is a useful thing to be aware of as a poker player. For example at one point Joe Biden was 1/2, 1.5, -200 or 66.7% all at the same time. If you have been following the US election you may have noticed the odds being talked about in different ways. Are you struggling to follow the markets?
