Introduction:
FanDuel is a very popular online sports betting platform. The platform is very popular among betting enthusiasts in the United States. FanDuel offers you a wide variety of betting options. These betting options range from traditional sports like football and basketball to more niche markets. One of the most important aspects of sports betting is that you understand how odds work. This is also very important in FanDuel Sportsbook. In it, the odds are usually shown in American (moneyline) format. But there are many bettors who prefer to use decimal odds. They want to use it for their simplicity and for the ease of calculation.
Don’t you know how to change the odds to decimal on FanDuel?. You need not worry. In this article, I will be telling you everything in simple steps about how to change the odds display. I will also be telling you about how the decimal odds work. Moreover, I will tell you about why many bettors prefer them over the other available formats. Then what are you waiting for?. Let’s start the article.
What Are Decimal Odds?.
Let’s first find out what decimal odds are and why they are commonly used in sports betting. Decimal odds are a simple and easy way to represent the potential return on a bet. This thing includes your stake as will. These odds show you how much you will win for every $1 wagered.
For example:
- Decimal odds of 2.00 mean that for every $1 you wager, you’ll win $2 in total.
- Decimal odds of 3.50 mean that for every $1 you wager, you’ll win $3.50 in total.
Decimal odds are commonly used in Europe, Canada, and Australia. This is because they make it easier for you to calculate your potential winnings. Moreover, many bettors find decimal odds more intuitive. This is because you can directly see how much you will win by multiplying your stake by the odds.
Why Change to Decimal Odds on FanDuel?.
There are several reasons why you might prefer to use decimal odds. Some of these reasons are:
Ease of Calculation:
Decimal odds make it easier to calculate your potential returns. For example, if you bet $100 on a team with odds of 2.50, you can easily calculate your return by multiplying 100 by 2.50. This means that your return will be equal to $250 (your $100 stake plus $150 profit).
Familiarity:
There are many bettors who prefer decimal odds. This is because they are more commonly used in international betting markets. They are more popular especially in countries outside the U.S.
Transparency:
With decimal odds, the odds are directly related to the payout. For example, 3.00 odds represent a 200% return. Similarly, 2.00 odds represent a 100% return. This simplicity allows bettors to quickly gauge their potential profits.
How to Change Odds to Decimal on FanDuel?.
The process of changing odds to decimal is simple and can be done in just a few steps. You can do it the following manner:
Step 1: Log Into Your FanDuel Account:
First of all, you should open the FanDuel Sportsbook website or app on your device. You should login using your registered username and password. If you do not already have an account, then you will need to sign up before proceeding.
Step 2: Go to the Settings Menu:
Once logged in, you should navigate to the settings section of your FanDuel account. On the website, you can usually find this by clicking on your profile icon. You will find this icon in the top-right corner of the page. If you are using the mobile app, then you can access the settings by tapping on the menu icon .
Step 3: Select “Odds Format”:
In the settings menu, look for the option that allows you to change the odds format. This is usually labeled as “Odds Format,” “Display Odds”. You should click on this option to view the available formats.
Step 4: Choose Decimal Odds:
You will be presented with several odds format options, including:
- American (Moneyline)
- Fractional
- Decimal
Select Decimal as your preferred odds format. Once selected, your odds will automatically switch to the decimal format.
Step 5: Save Your Changes:
After selecting Decimal, you should make sure that you save your changes. The FanDuel Sportsbook website or app will automatically apply your settings. Remember that all your future odds will be also displayed in the decimal format.
That is it. You have now successfully changed the odds to decimal on FanDuel Sportsbook.
How to Read Decimal Odds on FanDuel:
You should read decimal odds on FanDuel in the following way:
Decimal odds of 1.50:
For every $1 you wager, you’ll receive $1.50 in total (your $1 stake plus $0.50 profit).
Decimal odds of 3.00:
For every $1 you wager, you’ll receive $3.00 in total (your $1 stake plus $2 profit).
Decimal odds of 5.00:
For every $1 you wager, you’ll receive $5.00 in total (your $1 stake plus $4 profit).
In essence, decimal odds show you the total return from a bet. This includes your own stake as well. This makes it easier for you to quickly calculate your potential profits. This also makes it easier for you to determine how much you stand to win.
Advantages of Using Decimal Odds:
Here are some of the key advantages of decimal odds over other formats:
Simple to Understand:
Decimal odds are easy to read and interpret. Simply multiply your stake by the odds to calculate your total payout.
Fewer Steps for Calculations:
Decimal odds are different from fractional odds. This is because decimal odds give you the total payout immediately.
More Intuitive for International Bettors:
In many international betting markets, decimal odds are the standard. Switching to decimal odds makes it easier to compare odds across different platforms.
Perfect for Quick Decisions:
Remember that decimal odds provide a direct view of your potential payout. This means that it makes it easier for you to make quick betting decisions.
Conclusion:
Changing to decimal odds on FanDuel Sportsbook is simple. This also enhances your betting experience to the next level. This can be especially interesting for you if you prefer the intuitive nature of decimal formatting. Decimal odds are equally beneficial for you if you are a beginner or an experienced bettor. So you should understand how to read and calculate them and they will help you to make informed decisions.
FAQS:
Q: Can I change the Odds to Decimal on FanDuel mobile app?.
Ans: Yes. You can change Odds to Decimal on FanDuel mobile app. Just go to the settings menu. There, you should select Decimal as your preferred odds format.
Q: Are decimal odds easier to understand than moneyline odds?.
Ans: Yes. The Odds to Decimal on FanDuel are often easier to understand. This is because Odds to Decimal on FanDuel directly show the total payout, including your stake. This makes it simpler for you to calculate your potential profits.
Q: Will the odds automatically update to decimal when I change the setting?.
Ans: Yes. Remember that once you select Decimal in the settings, all future odds will be displayed in decimal format.
Q: What’s the main advantage of using Odds to Decimal on FanDuel?.
Ans: The main advantage of Odds to Decimal on FanDuel is that they provide a straightforward way to calculate your potential payout. You can do it by multiplying your stake by the decimal odds. This Odds to Decimal on FanDuel makes it faster and easier to understand your potential profits.
