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Decimal odds are favoured by betting exchanges because they are the easiest to work with for trading, as they reflect the inverse of the probability of an outcome. [13] For example, a quoted odds of 5.00 equals to a probability of 1 / 5.00, that is 0.20 or 20%. Decimal odds are also known as European odds, digital odds or continental odds. [9]
A simple fraction (also known as a common fraction or vulgar fraction, where vulgar is Latin for "common") is a rational number written as a / b or , where a and b are both integers. [9] As with other fractions, the denominator (b) cannot be zero. Examples include 1 2 , − 8 5 , −8 5 , and 8 −5 .
This means that every integer can be expressed in base √ 2 without the need of a decimal point. The base can also be used to show the relationship between the side of a square to its diagonal as a square with a side length of 1 √ 2 will have a diagonal of 10 √ 2 and a square with a side length of 10 √ 2 will have a diagonal of 100 √ 2 .
Any such decimal fraction, i.e.: d n = 0 for n > N, may be converted to its equivalent infinite decimal expansion by replacing d N by d N − 1 and replacing all subsequent 0s by 9s (see 0.999...). In summary, every real number that is not a decimal fraction has a unique infinite decimal expansion.
A fixed-point representation of a fractional number is essentially an integer that is to be implicitly multiplied by a fixed scaling factor. For example, the value 1.23 can be stored in a variable as the integer value 1230 with implicit scaling factor of 1/1000 (meaning that the last 3 decimal digits are implicitly assumed to be a decimal fraction), and the value 1 230 000 can be represented ...
Approximating a fraction by a fractional decimal number: 5 / 3 1.6667: 4 decimal places: Approximating a fractional decimal number by one with fewer digits 2.1784: 2.18 2 decimal places Approximating a decimal integer by an integer with more trailing zeros 23217: 23200: 3 significant figures Approximating a large decimal integer using ...
Fractions are written as two integers, the numerator and the denominator, with a dividing bar between them. The fraction m / n represents m parts of a whole divided into n equal parts. Two different fractions may correspond to the same rational number; for example 1 / 2 and 2 / 4 are equal, that is:
Every terminating decimal representation can be written as a decimal fraction, a fraction whose denominator is a power of 10 (e.g. 1.585 = 1585 / 1000 ); it may also be written as a ratio of the form k / 2 n ·5 m (e.g. 1.585 = 317 / 2 3 ·5 2 ).