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The number that follows the negative symbol (the odds) reveals how much to bet for everyR$100 you want to win. For example, as explained above, if the team you're betting has -110 odds, you need to wagerR$110 to winR$100. If your team has -150 odds, you must riskR$150 to winR$100.

What Do The Sports Betting Odds Mean - Forbes
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For example, if you bet NGN 5 on a horse with odds of 5/1 and it wins, you will receive NGN 25 in profit (5 x NGN 5), plus your original NGN 5 bet. One of the advantages of fractional odds is that they can be easily converted to other types of odds, such as decimal odds or American odds.

Betting odds explained - How do odds work and how to read them?
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