Reading the odds
Backd shows chances as percentages, because a 58% chance is easier to picture than 8/11. If you think in betting odds, switch: it's the same price written a different way.
The five formats
| Format | A 58% chance | A 25% chance | How to read it |
|---|---|---|---|
| Percentage | 58% | 25% | The chance it happens, as the crowd sees it. |
| Decimal | 1.72 | 4.00 | What $1 returns in total if it wins, including the $1. |
| Fractional | 8/11 | 3/1 | Profit to stake: 8/11 means win 8 for every 11 put on. |
| American | −138 | +300 | Negative: how much to put on to win 100. Positive: what 100 wins. |
| Price | 58¢ | 25¢ | The cost of a share that pays $1 if it happens, in cents. |
Switching
Use the Odds control in the sidebar, the footer or Settings. It's remembered on that device. Records and receipts stay in percentages, so a call “in at 38%” reads the same to everyone.