Continuing our tutorial of understanding sportsbook odds and the different ways that online sports betting sites post their odds, we shall take a look at one of the most common odds-posting styles found in Europe. 

Known as Decimal Odds (European Style), the odds read in a way that shows how many units the online bookie pays out in relation to each unit that is staked by the bettor.  Decimal odds are usually notated with at least two decimal places, although some online sportsbooks will take them to the one-thousandths place. 

To determine your payout and projected profit using decimal odds, simply multiply the decimal odd figure by the amount you would like to bet.  The corresponding answer will be how much money you will win in total.  Subtract the amount of your original bet from this figure and you will have calculated your overall profit from the wager. 

For example, let's say you would like to wager £100 on your favorite basketball team.  If the decimal odds for that particular game are 2.25, a win would bring in £100 x 2.25 = 225.  Subtract your original bet (£100) from £225 and you have a profit of £125.

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