FanDuel has added the option to use decimal odds at its Michigan sportsbook.
The state’s top sports betting operator announced the new option Tuesday night in an email to customers.
What are decimal odds?
Decimal odds are not different odds, they are just another way to display them.
In theory, they make it easier for a bettor to figure out how much a bet would return. Simply multiply the stakes by the odds.
For example, the United States is listed at 3.00 for its Round of 16 World Cup match against the Netherlands Saturday. A $10 bet on the US Men’s National Team would return $30. That’s the full return, meaning the winnings plus the stakes.
The Netherlands, meanwhile, is listed at 1.40, so a winning $10 bet would return $14.
Odds are rounded to the hundredths place, which could slightly alter the winnings.
If you’re using a free bet, figuring your return will take an extra step. Of course, the FanDuel app will do it for you, but just in case you want to figure it yourself, multiply the odds by your stake, then subtract your stake.
How to switch to decimal odds at FanDuel
The switch will not happen automatically, so if you’re interested in viewing odds as decimals, you will need to make the change yourself.
To do that, follow these steps:
- Log into your FanDuel account
- Go to your account
- Select Preferences
- Select “Decimal Odds” under “Odds format”
If, at any time, you want to switch back to American odds, follow the same instructions but select “American Odds”.
Is FanDuel moving to decimal odds?
FanDuel is not forcing Michigan sports bettors to switch over to decimal odds. It is simply another option.
While some may appreciate the simplicity of the math involved, others could enjoy what they’ve been used to seeing.
What Michigan sportsbooks offer decimal odds?
FanDuel is far from the first Michigan sportsbook to offer decimal odds. In fact, it’s really just catching up to its competitors.
Not only do most other sportsbooks already offer decimal odds, but they also offer you the ability to change to a fractional view. So, rather than +300, you’d see 3/1.
Again, they’re all the same odds, just a different way to view them.