Cricket betting has become a trend in India over a few years now and bettors like you have started engaging in betting on various cricket matches and tournaments.
In this article, we will explain to you in detail the concept of fractional odds in cricket betting with real life examples. We will also touch upon the prevalent use of decimal odds in India and convert fractional odds into their decimal equivalent.
If you want to know more about the different odds types, make sure to read our odds in cricket betting guide.
How do Fractional Odds Work?
We will explain how fractional odds work with the example of 90/11.
In cricket betting, 90/11 refers to the fractional odds given by online betting sites for a particular outcome in a cricket match. These odds are represented in fractional format, where the numerator (90) represents the potential profit, and the denominator (11) represents the bet amount.
To understand fractional odds in cricket betting, imagine you are considering placing a bet on a cricket match, and the odds offered for a specific team to win are 90/11. This means that for every 11 units you wager on that team, you have the potential to win 90 units if your bet is successful.
In simpler words, if you place a bet of ₹11 on the team with odds of 90/11 and they win, you would receive ₹90 as profit in addition to your original ₹11 stake, resulting in a total payout of ₹101.
Let's demonstrate exactly how fractional odds work with an example of a match winner bet on a test match between India and Australia.
The odds for India to win the match are set at 90/11. If you place a bet of ₹100 on India's victory at these odds, the potential profit can be calculated as follows:
- Potential Profit = (Stake x Numerator) / Denominator
- Potential Profit = (₹100 x 90) / 11
- Potential Profit = ₹9000 / 11
- Potential Profit = ₹818.18
Thus, if India wins the Test match, you would receive approximately ₹818.18 as profit, in addition to the original ₹100 stake, resulting in a total payout of ₹918.18.
Converting 90/11 to Decimal Odds
In some places like the UK, people often use fractional odds for betting, while in India and many other parts of the world, decimal odds are more commonly used.
Decimal odds show you the total amount you could win, including both the profit and your original stake.
To convert fractional odds to decimal odds, you can use a simple formula.
- Decimal Odds = 1 + (Numerator / Denominator)
Using this formula, let's convert 90/11 into its decimal equivalent:
- Decimal Odds = 1 + (90 / 11)
- Decimal Odds = 1 + 8.18
- Decimal Odds = 9.18
In simpler words, if you see odds of 90/11 in decimal format (9.18), it means that for every unit you bet, you have the potential to win 9.18 units if your bet is successful.
For example, if you bet ₹100 at odds of 9.18, and your bet wins, you would receive a total payout of ₹918 (₹100 original stake + ₹818 profit).
In a Test match between India and Australia, the odds for India to win are set at 90/11. So, the decimal odds for India to win the Test match would be approximately 9.18.
This means that the bookmakers believe India's chances of winning are very unlikely, but if they do win, the potential payout is higher compared to lower odds.
How to Change Odds in my Bookmaker?
While fractional odds may be useful, we recommend sticking to decimal odds for simplicity. The advantage of decimal odds is that you can immediately see how much money you win by simply multiplying your stake with the decimal odds.
Luckily, most bookmakers offer the possibility to change the odds format on the page. You can usually choose between decimal, fractional and moneyline odds.
To do this, go to your account and look for the ‘odds' section. Here, you can change the odds to the notation of your liking.