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Odds are numbers telling how much you can win in a bet at a given stake. In general the rule is the higher odds the lower probability of winning.
Odds are be presented in different formats or styles around the world, depending on local custom.
It is important to distinguish between the payout to your betting account after a win, and your profit, which is the payout minus your stake.
European odds multiplied by your stake equals the payout. The odds show how many units the bookmaker pays back per unit staked.
Calculations with the various odds formats are done with a stake of $200 on Brazil to win:
Example 1: Brazil to beat England, Euro odds 1.40
Payout: Stake x Euro odds
$200 x 1.40 = $280
Profit = Stake x (Euro odds - 1)
$200 x (1.40 - 1) = $80
Example 2: England to beat Brazil, Euro odds 5.00
Payout: Stake x Euro odds
$200 x 5.00 = $1,000
Profit Stake x (Euro odds - 1)
$200 x (5.00 - 1) = $800
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