What does odds of 1.01 mean?
If you were to bet $10 on 1.01 odds you would receive $0.10 in profit if this outcome won. To work out how much money you will receive back when betting on decimal odds you multiply your stake (bet amount) by the odds: $10 x 1.01 = 10.1 Total Payout ($0.1 profit).
Decimal Odds of $1.01 when converted to American odds are -10000 and when converted to fractional odds are 1/100. If you’d like to convert other odds values in different formats, please check out our Odds Converter.