# Odds Types

These are the different formats of odds used in betting. The main types are:

1. **Decimal odds** are the most widely used format in Europe, Canada, and Australia. They are easy to understand because they represent the total payout for every 1 unit staked.
   * Formula: **Payout = Stake × Odds**
   * Example:
     * Odds: 2.50 - If you bet $10: Payout = 10 × 2.50 = $25 (which includes the $10 stake and $15 profit).
2. **Fractional odds** are commonly used in the UK and are expressed as a fraction (e.g., 5/1, 10/3, etc.). The numerator (top number) shows how much profit you will make for every denominator (bottom number) of stake.
   * Formula: **Payout = Stake × Odds + Stake**
   * Example:
     * Odds: 5/1 - If you bet $10: Payout = 10 × (5/1)+10 = $60 (which includes the $10 stake and $50 profit).
3. **Moneyline (American) odds** are popular among the United States bookmakers. The Moneyline odds show how much you need to bet to win $100 (if Moneyline is negative) or how much you would earn if your stake were $100 (if Moneyline is positive).
   * Formula:
     * Positive Odds: Show how much profit you would make from a 100-unit stake. **Payout = Stake × Odds/100 + Stake** 
     * Negative Odds: Show how much you need to stake to make 100 units of profit. **Payout = - Stake/Odds × 100 + Stake**
   * Examples: 
     * Odds: +200 - If you bet $50: Payout = 50 × (200/100)+50= $150 (which includes the $50 stake and $100 profit).
     * Odds: -150 - If you bet $50: Payout = -50/(-150) × 100 + 50 = $83.33(your $50 stake + $33.33 profit).
4. **Hong Kong odds** (or HK) odds are standard among the bookmakers in China. They are similar to fractional odds, except written not in a fractional but decimal form instead.
   * Formula: **Payout = Stake × Odds + Stake**
   * Example:
     * Odds: 1.50 - If you bet $10: Payout = 10 × 1.50 + 10 = $25 (which includes the $10 stake and $15 profit).
5. **Indonesian odds** are popular among bookmakers available in Indonesia. Positive odds work similarly to Hong Kong odds, negative odds represent how much you need to stake to win 1 unit in profit. These betting odds are quoted as a number with absolute value greater (or equal) than 1.
   * Formula:
     * Positive Odds (x>=1 → decimal odds >=2): **Payout = Stake × Odds + Stake**
     * Negative Odds (x<=-1 → decimal odds between 1 and 2): **Payout = - Stake/Odds + Stake**
   * Examples:
     * Odds: +1.50 - If you bet $10: Payout = 10 × 1.50 + 10 = $25 ($15 profit and $10 stake).
     * Odds: -1.50 - If you stake $10: Payout = -10/(-1.50) + 10 = $16.67(which includes $10 stake and $6.67 profit)
6. **Malay odds** are similar to Indonesian odds and are commonly used in Malaysia and Singapore. These betting odds are quoted as a number with absolute value no greater than 1 (or equal).
   * Formula:
     * Positive Odds (0\<x<=1 → decimal odds between 1 and 2): **Payout = Stake × Odds + Stake**
     * Negative Odds (-1<=x<0 → decimal odds >=2): **Payout = - Stake /Odds + Stake**
   * Examples:
     * Odds: +0.50 - If you bet $10: Payout = 10 × 0.50 + 10 = $15 ($5 profit and $10 stake).
     * Odds: -0.50 - If you bet $10: Payout = -10 /(-0.50) + 10 = $30 ($10 stake and 20$ profit).

<br>

**Summary table:**

| Odds Type           | Format      | Formula                                                                                                          | Example                                                                     | Conversion to Decimal                                                 | Converted Odds                        |
| ------------------- | ----------- | ---------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------- | --------------------------------------------------------------------- | ------------------------------------- |
| **Decimal Odds**    | 2.50        | Payout = Stake × Decimal Odds                                                                                    | Bet $10 → Payout $25                                                        | <p><br></p>                                                           | <p><br></p>                           |
| **Fractional Odds** | 5/1         | Payout = Stake × Odds + Stake                                                                                    | Bet $10 → Payout $60                                                        | divide fraction +1                                                    | 5/1 → 6                               |
| **American Odds**   | +200/-150   | <p>Positive Odds: Payout = Stake × Odds/100 + Stake</p><p>Negative Odds: Payout = - Stake/Odds × 100 + Stake</p> | <p>Bet $50 on +200 → Payout $150</p><p>Bet $50 on -150 → Payout $83.33</p>  | <p>Positive Odds: Odds/100 + 1</p><p>Negative Odds: -100/Odds + 1</p> | <p>200 → 3</p><p>-150 → 1.67</p>      |
| **Hong Kong Odds**  | 1.50        | Payout = Stake × Odds + Stake                                                                                    | Bet $10 → Payout $25                                                        | Hong Kong Odds + 1                                                    | 1.50 → 2.50                           |
| **Indonesian Odds** | +1.50/-1.50 | <p>Positive Odds: Payout = Stake × Odds + Stake</p><p>Negative Odds: Payout = - Stake/Odds + Stake</p>           | <p>Bet $10 on +1.50 → Payout $25</p><p>Bet $10 on -1.50 → Payout $16.67</p> | <p>Positive Odds: Odds+ 1</p><p>Negative Odds: -1/Odds + 1</p>        | <p>1.50 → 2.50</p><p>-1.50 → 1.67</p> |
| **Malay Odds**      | +1.50/-1.50 | <p>Positive Odds: Payout = Stake × Odds + Stake</p><p>Negative Odds: Payout = - Stake/Odds + Stake</p>           | <p>Bet $10 on +0.50 → Payout $15</p><p>Bet $10 on -0.50 → Payout $30</p>    | <p>Positive Odds: Odds+ 1</p><p>Negative Odds: -1/Odds+1</p>          | <p>0.50 → 1.50</p><p>-0.50 → 3.0</p>  |

<br>

**Ticket examples** that contain these odds can be found [here](/mts/transaction-3.0-api/additional-transaction-details/odds-types.md).


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