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Glossary

Decimal Odds

Used on the Tote and betting exchanges, instead of fractional odds. Decimal odds are expressed as a figure (in round or decimal terms) that represents the potential total winning return to the punter. So, 4 (or 4.0) in Tote or decimal odds are the same as the conventional 3-1, as it represents a potential total winning return of £4 to a £1 stake.