Betting Encyclopedia


The price set by the bookmaker in relation to the likelihood of the possible outcome of an event. Higher odds give a smaller likelihood and smaller odds give a higher likelihood of the wanted result. It‘s the job of each gambler to judge the accuracy of odds in relation to the likelihood of the outcome. This is known as value. (Please see Betting ABC )


There are 3 different format of odds:

Decimal Odds

Mostly used in Europe. The stake is being multiplied with the odds and the result is your win + your stake.

Sample: Stake €10 x odds 2,1 = Payout €21 (net profit €11)

American Odds

American odds can either start with a minus sign (f.i.: - 150) or a plus sign (f.i.: + 150). Depending on the +/- sign there are 2 ways of reading these odds.

Positive odds show the winnings if the stake was $100.

Sample: With a stake of $100 at odds of +150 the payout would be $150 (net profit $50)

The american odds of +150 are equivalent to decimal odds of 1,5. Negativ odds show how much stake is needed to gain NET winnings of $100.

Sample: With odds of -150 stake of $150 is needed to win $100 net profit.

To convert negativ american odds to decimal odds use the following formula:




American odds of -150 are equivalent to decimal odds of 1.67.

Fractional (english) Odds

Mostly used in Great Britain. Displayed in fractions (f.i. 1/5). The stake is being multiplied with the odds (like the decimal odds) but the result is already the net profit of the bet. The fraction displays the relation between the possible net profit (1/5) and the stake (1/5).

Sample: Stake £10 * odds 1/5 = net profit 2 £
To convert fractional (english) odds to decimal odds use this formula:

English Odds



Fractional (english) odds are equivalent to decimal odds of 1.2

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The easiest of all Handicaps. The Draw would result in the stake return (Draw no Bet). The Bet on Milan is won with any victory of Milan. The Bet on Barcelona is won with any victory of Barcelona.

Nil Handicap(pk)

This type of AHC (AHC0) can also be recreated with 2 normal 3 way bets(1X2). The stake should be split as follows:

pk Barcelona 68,2 % of stake on 1 (Barcelona)
Payout with ANY victory of Barcelona 31,8 % of stake on X (Draw) secures a return of stake with ANY Draw
pk Mailand 68,2 % of stake on 2 (Mailand)
Payout with ANY victory of Milan 31,8 % of stake on X (Draw) secures a return of stake with ANY Draw

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-0,5 Barcelona respectively +0,5 Milan

For this version of the A HC Barcelona receive an „HALF“ goal deficit or Milan an „HALF“ advantage .Variante bekommt Barcelona ein „halbes“ Tor Rückstand. Inter ein „halbes“ Tor Vorsprung. A bet on Milan would be successful in case of the draw and any win by Milan. The bet on Barcelona would only be successful for a win by any scoreline for Barcelona.

Half Handicap

This HALF AHC can also be recreated with 2 (1) normal 3 way bets(1X2). The stake should be split as follows:

-0,5 Barcelona 100 % of stake on 1 (Win Barcelona)
Payout with ANY win of Barcelona +0,5 Mailand 43,8 % of stake on 2 (Win Milan)
Payout with ANY win of Milan 56,2 % of stake on X (Draw) Payout with ANY draw

Half A HC can also be 0:1,5 (-1,5) (equivalent to normal HC -1) or 0:2,5 (-2,5). The method remains the same. For detailed pay out conditions please see table more A HC

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-1 Barcelona respectively +1 Milan

For this type of Handicap bet Barcelona receive a fictional deficit of 1 goal or Inter an advantage of 1 goal. If Barcelona win by only 1 goal the bet would be neither lost nor won. Only the stake would be returned, it doesn’t matter if the bet was on Barcelona or Milan. That is where the Full Handicap differs from the normal Handicap bet. For any draw or any win of Milan the bet on Milan would be successful. The bet on Barcelona would only be successful if Barcelona win by MORE than 1 goal.



This Full AHC can also be recreated with 2 normal 3 way 0:1 Handicap bets(1X2). The stake should be split as follows:

- 1 Barcelona 71,4 % of stake on Barcelona (0:1 HC bet)
Pay out at any win of Barcelona with more than 1 goal 28,6 % of stake on Draw (0:1 HC bet) secures the return of stake in case of Barcelona win by 1 goal

- + 1 Milan 71,4 % of stake on Milan (0:1 HC bet) Pay out at draw or any win of Milan 28,6 % of stake on Draw (0:1 HC bet) secures the return of stake on case of Barcelona win by 1 goal

Full A HCs can also be 0:2 (-2) or 0:3 (-3). The method remains the same. For detailed pay out conditions please see table more A HC

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-0,25 Barcelona respectively +0,25 Milan

At this type of A HC Barcelona receive a fictional deficit of a „quarter“(1/4) goal. Or respectively Milan an advantage of a „quarter“(1/4) goal. A bet on Barcelona would only be fully successful at a win by any scoreline by Barcelona. In case of a draw, the bet would result in the return of HALF the stake. The bet on Milan would be fully successful at a win by any scoreline by Milan. In case of the draw the bet would result in the pay out of only HALF (50%) of the winning. The „Quarter“ AHC is a mix between the Nil A HC (0) and the Half A HC (-0,5 resp. +0,5)

Quarter Handicap

This Quarter A HC can also be recreated with 2 normal 3 way bets(1X2). The stake should be split as follows:

- 0,25 Barcelona 84,1 % of the stake on 1 (Win Barcelona)
Pay out for any win of Barcelona 15,9 % of the stake on X (Draw) secures return of HALF the stake in case of draw

+ 0,25 Milan 51,1 % of the stake on 1 (Win Milan)
Pay out for any win of Milan 48,9 % of the stake on X (Draw) secures pay out of HALF the winning in case of draw

Quarter A HC can also be 0:1,25 (-1,25) or 0:2,25 (-2,25). The method remains the same. For detailed pay out conditions please see table more A HC.

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-0,75 Barcelona respectively +0,75 Mailand

With this type of A HC Barcelona receive a fictional deficit of „Three Quarter“ (3/4) goal. Or respectively Milan a „Three Quarter“ (3/4) goal advantage.. This means a bet on Barcelona would only be fully successful at any win by Barcelona with 2 or more goals difference. A win of Barcelona with only 1 goal difference would mean the pay out of HALF the winning on a bet on Barcelona. The bet on Milan would result in the return of HALF the stake if Milan lose by exactly 1 goal. The loss by 2 or more goals means the bet is lost. But the draw and any win by Milan sees the bet on Milan as won. The „Three Quarter“ A HC is a mixture of the „Half“ A HC (-0,5 resp. +0,5) and the „Full“ A HC (-1 resp. +1)

Three Quarter Handicap

This „Three Quarter“ AHC can also be recreated with 2 normal 3 way 0:1 Handicap bets(1X2). The stake should be split as follows:

-1 Barcelona 48,3 % of stake on Barcelona (0:1 HC Bet)
FULL payout if Barcelona win by 2 goals or more 51,7 % of stake on Draw (0:1 HC Bet) HALF payout if Barcelon win by exact 1 goal

+ 1 Mailand 85,7 % of stake on Milan (0:1 HC Bet)
FULL payout by draw or any win Milan 14,3 % of stake on Draw (0:1 HC Bet) Return of HALF stake by loss Milan by exact 1 goal

„Three Quarter“ A HC could also be 0:1,75 (-1,75) or 0:2,75 (-2,75). The method remains the same. For detailed pay out conditions please see table more A HC.

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