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They aren't as straight-forward as decimal or fractional odds. Multiplying a bet amount by the fraction, will show the profit. That gives you 70 divided by four, or 17. Favorite bets will have a denominator larger than the numerator such as 1-2 or 2-5. 87, which would make for much easier math on this $10 bet. Multiply the odds by the bet and you get the return that would include the original bet. Converting odds to a break-even percentage This principle can be applied if you have a projection model, like the Slingshot model for predicting NCAA men's basketball tournament upsets. designer bags cyber monday