What are the different odds formats available?
Pinnacle offer two available odds formats:
- Decimal odds
- American odds
You can select your preferred format by using the drop-down menu at the top-left of every page, after which all odds will automatically be displayed in your chosen format.
Irrespective of which of the two odds formats you use the potential profit is the same, the odds are just represented differently.
Odds formats explained
For an understanding of both Decimal odds and American odds, please read our insightful article here.
Please note: When using Decimal Odds for match-winner bets (e.g. a soccer or tennis match), the bet process uses the Risk option by default. This means that you can only enter the amount you want to Risk and the bet ticket will show the potential win amount (i.e the potential profit).
Placing a bet using Decimal Odds - Futures/Propositions
When placing a Futures/Proposition bet using the Decimal Odds format, you can choose to place your bet either based on the amount you want to Risk (Stake) with the potential win amount calculated for you or the amount you want to win with the necessary Risk calculated for you.
If you choose to bet on Rafael Nadal you can Risk a certain amount and the Bet Slip will show you the potential profit at the available odds (e.g. $50 risk at 1.50 would return a potential profit of $25)
If you use the “To Win option”, you can choose how much profit you want to make and the Bet Slip will calculate the Risk (bet amount) required (e.g. to make $50 profit at odds of 1.50 your risk would be $100).
Placing a bet using American Odds – Futures/Proposition
When placing a Futures or Proposition bet using the American Odds format, you can choose to place your bet either based on the amount you want to risk or the amount you want to win.
If you choose to bet on Rafael Nadal you can either Risk a certain amount and the Bet Slip will show you the potential profit at the available odds (e.g. $50 risk at -200 would return a potential profit of $25).
If you use the “To Win” option, you can choose how much profit you want to make and the Bet Slip will calculate your Risk (bet amount) for you (e.g. to win $50 at -200 your risk would be $100).
Please note: When the odds are negative the "To Win" option is selected by default; when the odds are positive the Risk option is selected by default, but in both cases you can change your preferred option.
Odds Conversion Table
This table is not exhaustive, it simply illustrates some of the most common odds for American and Decimal formats.