Fractional to Decimal
Fractional Odds to Decimal Odds Comparison Chart
A fractional to decimal price chart is a very useful tool for people who are not used to the prices used on Betfair or who are regular Bookies visitors and want to trade the difference in prices between shops and exchanges.
This site is mainly aimed at the website betting exchange users, people who bet on Betfair or BETDAQ and who are used to dealing in decimal pricing, trading as the market changes a few points here and there and so on.
Bookies however use fractional prices to mark up the current win price of a runner and this is fine when you are dealing with win pricing but as most place pricing is done below evens 1/1 showing the price as a fraction is not the best way of showing it.
Although you can toggle between fractional and decimal pricing on most websites it is good to have a quick and easy guide to hand to help you out. You should also check out my Win to Place Price Comparison Chart for a quick guide to knowing from a Win Price whether a Place price is good value or not.
Therefore I have created a comparison table that shows how decimal odds match up to fractional odds when you are not able to quickly view the type of pricing you require e.g inside a bookmakers shop. This table can be very helpful when you want to know a price for betting on your smart phone on Betfair inside a Bookies.
Remember that one decimal price can in theory have many fractional equivalents. For example 2.50 which is always marked up in Bookies as 6/4 could also be displayed as:
12/8, 9/6, 60/40, 30/20, 3/2 and so on etc.
Guide To Tic-Tac
However bookies will always use specific fractional odds for decimal equivalents and in the “old days” they used to have specific hand signals for each price which is where the whole concept of Tic-Tac comes in. For example just a few of the most common terms are:
|Tic Tac Slang||Price|
|11/8||Up the Arm|
|12/1||Net and Bice|
However with the advent of mobile phones, online betting and betting exchanges the art of Tic-Tac is quickly dying away on the racecourses but if you are interested in this art you can view more details over at “Honest Frank’s Tic-Tac Guide”.
Converting From Decimal Odds To Fractional Odds
However when it comes to betting professionally what you do need to be able to do quickly is convert decimal odds (used on betting exchanges like Betfair) to fractional odds (used by Bookmakers in shops and on the track). Without knowing how to quickly convert the prices you may miss out on good value bets.
A very rough rule of thumb is that the fractional odds you will get in your local bookies or on the track will be slighlty worse odds than the prices available on betting exchanges.
This is one of the reasons many people see the exchanges as the main reason that race meetings are dying out. However it is not their fault that they have offered punters the opportunity to match bets on an open market and it is up to the old guard to change their ways if they want to survive.
Seeing that this price discrepancy does exist between bookies and betting exchanges you would be missing a trick by not taking advantage of the opportunities available from laying a horse on Betfair at a low price and then backing it with a normal bookie at a higher price to get yourself a free bet!
Therefore it is always good to know how to quickly convert the fractional prices a bookmaker uses to decimal prices. There won’t be any charts in the local Coral so you should bring your own if you are hoping to make some money by trading the difference in prices between the shop and the exchanges on your phone!
Therefore I have created this handy little guide which you can print out and take to the racecourse or bookies with you whenever you want to be able to mix between betting in shop and online. If you click this link or the one below the table you can get a clean page to print from.
I have tried putting as many useful figures in the table as possible as if you are using prices between 1.01 and 2.00 (evens), e.g place betting or laying, then you need to know the equivalent prices. However anything above the evens level can be easily calculated in your head with this simple formula.
Calculating Winnings From Fractional / Decimal Prices
Remember that with fractional odds you can easily calculate your potential winnings by using the right hand number as your stake and the left hand number as the amount of profit you will win. So a horse with a price of 6/4 means that if you staked £4 you would win £6 and get a total return of £10 back (£6 winnings plus your £4 stake).
However if you were using the price of 6/4 but wanted to stake £20 on the horse you can find out how much you would potentially win with this formula.
You take the price of 6/4 and divide the the left hand side number 6, by the right hand side number 4, and then add 1 to get the amount you would multiply your original stake by.
So 6 / 4 = 1.5 + 1 = 2.5.
If the horse wins we multiply £20 * 2.5 and we would get £50 which is £30 winnings plus our original £20 stake back.
If we look in our comparison chart we see that the fractional price of 6/4 is the equivalent of the decimal price of 2.5.
This is the exact same number we just obtained by our sum to calculate our potential winnings from the fractional odds. As decimal prices already include the returned stake in their price all you need to do is multiply the stake by the price and you get your total return, including the stake.
So staking £100 on a horse with a decimal price of 2.5 (or 6/4) would give you a return of £100 * 2.5 = £250.
As you can see converting from fractional odds to decimal prices is easy but it is not so easy the other way round! This is why a good comparison chart comes in handy and I would suggest printing this one off and taking it wherever you go betting.
I would also suggest checking out my Win to Place price comparison chart so that you can see the sort of place prices you should expect to be aiming for when comparing them against win prices which is useful if you are using 3rd party websites that only show the current win price of a horse.
Fractional to Decimal Price Comparison Chart
|Fraction Price||Decimal Price|
To print off the fractional odds to decimal prices comparison chart just visit this link to get a simple HTML version.
Also if you haven’t created a Betfair account yet I would recommend doing so to take full advantage of all the tips available on this site.
You can either just click on the banner below or go to Betfair and sign up.
If you are a new Betfair user then I highly recommend getting yourself a free £25 bet to start off with and also to make sure you that you make the most of your members tips.
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