How Betting Odds Work (Decimal Odds)

Most sportsbooks in Uganda display decimal odds.

Decimal odds in one line

Decimal odds show the total return per unit staked (including the stake).

Example:

• Odds 2.00 means: stake 1 unit to return 2 units (profit 1 unit)
• Odds 1.50 means: stake 1 unit to return 1.5 units (profit 0.5 units)

Implied probability

Implied probability is the probability that matches the price:

Implied probability = 1 / decimal odds

Examples:

• 2.00 implies 50%
• 1.50 implies 66.7%
• 3.00 implies 33.3%

The key skill is comparing your estimated probability to the market's implied probability.