Decimal Odds to fractions. If you are a member of a betting exchange or have accounts with a selection of online bookies, then you are probably familiar with decimal odds. If not, then you more than likely are using fractional odds on a regular basis. This being the case, then you may find decimal odds a little confusing at first. This, however, is nothing to worry about as we are about to explain the decimal format in plain simple terms.
Decimal odds are more straightforward than fractional odds and much easier to work with, and even punters who are new to them can follow them fairly easily. They are also much easier to understand when trading, hence the reason the betting exchanges favour them. Decimal odds show the punter how much they will receive (including their returned stake) to a one unit stake if their bet wins. For the sake of simplicity we will use £1 as the example stakes.
For example lets say you have a £1 stake on a winning bet at 9/4. To calculate your returns you have to use the formula: left hand odds divided by right hand odds + stake = returns. 9 divided by 4 = 2.25 +1 (your stake) = 3.25. The decimal odds for 9/4 are 3.25. As you see, when using decimal odds you don't need a formula. The odds tell you exactly how much your returns will be. £3.25.


Lets try another example using £1 stake on a winning selection at odds of 13/2. Using the same formula: we have 13 divided by 2 = 6.5 + 1 (your stake) = 7.5 Returning £7.50. Guess the decimal odds for 13/2. You,ve got it , 7.50. Can you understand why I say decimal odds are easier to work with. At the time of placing your bet, you can tell exactly how much you stand to get in returns . You just multiply the decimal odds number by your stake. Lets say you had £6 on the winner at 7.50. Just multiply the odds 7.50 by the stake, 7.50 x 6 (your stake) = 45. £45 returns. Not too difficult, is it? For those of you who would like to compare fractional odds with decimal odds, I enclose a chart below. I would like to point out to those who do not yet have a Betfair account, when you hover over the decimal odds on offer, you will see the equivalent fractional odds pop up. You really should open an account today and sample their fantastic site.
Dec. Fract. Dec.



If you intend to try and make a regular profit from betting, the first thing you must consider is setting up a betting bank. This must be a sum of money kept totally separate from your normal day to day living expenses. You should class your betting bank as working capital, and think of it as the lifeline of a business. In doing this, you are on the right path to making your betting pay.
How much do I need in my betting bank? That's a good question, but the answer is entirely up to you. Each individual has his or her own personal circumstances to consider before betting and should never bet with money they can not afford to lose. The best answer to the question is "what you feel comfortable with". A punter with a professional attitude will set aside a sum he or she can afford, and put it to use without feeling uneasy with every losing bet.

You must try and think of yourself as a professional and not just a random punter who will bet with any money they have , with stakes in excess of any safety levels. Everyone will have losing runs as well as winning runs, but a well managed betting bank will see you through the losing spells without going bust. Stay focused on your betting, always seek the best value odds, and most importantly, never chase losses, and your bank should serve you well.
If you are setting up a betting bank for the first time, you should open accounts with as many online bookies as possible. ( See the Free Bets page ). The opening free bet offers are a fantastic way to build a betting bank relatively risk free.

There have been many staking plans developed over the years, some bad, some good, some complicated, and some simple to operate. We are going to look at some of the easiest to operate, and therefore, the most common.
Level Stake Plan. This is the easiest staking plan to operate and also the most common by far. This works quite simply by placing the exact same stake on every bet you make. Lets assume you have a betting bank of £200 and you decide to make £5 your chosen stake. You would place £5 on every bet you make, (win or lose). Simple as that. This is very easy to understand and considered to be low risk, but, it doesn't really maximise profits. Some punters set themselves a target (perhaps to double their bank), then withdraw their profit and start over again.
Fixed Percentage Plan. This is more or less the same as the level stake plan, the only difference being that you decide upon a percentage of your starting bank (5% is very common among many punters) as opposed to a specific monetary amount. Lets assume you have the same £200 betting bank. You would take 5% of £200 ( £10) and use this as your level stake.
Rolling Percentage Plan. This is a little more complicated than the previous plans as you have to recalculate your stake before every bet. Never the less it is still fairly simple to operate and has some advantages over the others. So lets take the same starting bank of £200. You take 5% of £200 (£10) and place it on your first selection. Your selection wins at odds of 5.00 (4/1) and you win £40. Your bank now stands at £240. You recalculate 5% of this (£12), and that's the stake for your next selection. Lets say your next selection loses, Your bank would now stand at £228 and the stake for your next bet would be £11.40 (5% of £228 ). You just carry on taking 5% of your running total each bet. The biggest advantage of this plan, is that, your bank should never really go bust (even after a losing run) as you are only ever staking a percentage of your bank. This is a fairly simple plan and pretty popular with punters who are new to staking plans but want to try something new.
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