Bookmakers present odds in three main formats – decimal, fractional, and American. Each format conveys the same information but uses different notation systems. Decimal odds The most straightforward method of calculating odds is to use decimal odds in Europe. Suppose Manchester United has a 2.50 odds of winning, and your stake is multiplied by 2.50. The probability calculation for decimal odds is simple: A probability (%) equals (1 / decimal odds) x 100. Using our example: (1 / 2.50) × 100 = 40% Considering this, bookmakers estimate that the team will have a 40% chance of winning the game. Fractional…