Know the price you are paying.
A minimal amount of odds arithmetic tells you how much margin sits in a quote — the one number a disciplined staker should be able to read.
Odds to probability
Decimal odds convert as 1 ÷ odds. A price of 2.00 implies 50%; 1.60 implies about 62.5%.
Sum the sides
A fair two-way market adds to 100%. Real quotes add to more, and the excess is the operator's margin.
Read margin as a fee
A 5% margin means roughly 5% of combined stakes is the built-in edge. It is the price of the market, not a hint about the result.
One line of arithmetic
For two-way decimal prices d₁ and d₂, margin = (1/d₁ + 1/d₂) − 1. Fractional odds like 3/1 equal 4.00 decimal. American odds: +150 → 2.50 decimal, −200 → 1.50 decimal.
Why this belongs in a bankroll guide
Because it reframes the question. Instead of "will this win?", a disciplined reader asks "what am I paying, and is it inside the ceiling I already chose?" That is a question you can actually answer.