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?»?Horse racing betting odds payoff calculations.
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Horse Racing Payout Calculator.
Going About the Payout The most important thing about horse racing betting is the payouts, for at the end of the day its not enough to pick the right horse, but also wager on the right horse, meaning that a punter realizes when a horse is short priced or shows a decent price as a favorite and places a wager on that horse in order to collect bigger payouts. Many punters use a horse racing payout calculator so that they can keep good track of their stakes and possible payouts. This use of a horse betting calculator has improved the way punters approach horse racing betting.
Horse Racing Payout Calculator Since nowadays many punters wager on more than horse and more than one race, the need for a calculation process that would concentrate all the wager and output the costs and payout figures has risen dramatically and created the need for a horse racing calculator to that just that and calculate the payout. The horse racing payout calculator comes in various ways depending on the wager type placed on the horse or horses. In the case of straight wagers, the horse racing payout calculator simply takes the odds, presented in decimal or fraction, and uses it together with the stakes laid on the wager to calculate the payout. This horse racing payout calculator usually holds a fraction converter for converting odds. Another type of horse racing payout calculator is the exotic wager horse racing payout calculator. This one is a bit tricky since the exotic payouts such as Trifecta or Superfecta derive from a separate wagering pool so there isn??™t a way to know or calculate the payout until the payout is due to happen once the races are over. However, an estimation on the pool sum can be made by the horse racing payout calculator in order to give the punter a slight clue on the payout.
Calculate Onwards There is one approach in horse racing betting that has benefited from the development of today??™s horse racing payout calculator and it??™s referred to as let it ride. Let it ride means keep rolling the winning money onto other horse wagers in an attempt to strengthen the bankroll. This approach is very difficult to handle if not using a proper horse racing payout calculator. The horse racing payout calculator aids the punter with making decision by simplifying and clarifying all the possible scenarios in the let it ride scheme. The use of the horse racing payout calculator has contributed significantly to the variety of wager placing and different wager approaches by automating the calculation process thus making life a lot easier for the punters.

How to Calculate Horse Racing Betting Odds and Payoffs.
It's surprising at how many people make bets on horse races without the slightest understanding of the tote board. While all of those numbers on the board may seem imposing, the odds and payoffs are actually pretty easy to learn. And by doing so, you will be able to make and calculate better bets.
Reading the Win Odds.
The easiest information on the board is the win odds quoted on each horse. They don't tell you what the horse will pay, but the amount of profit you will get and the amount you have to bet to get it. For example, 6-5 means you will get $6 in profit for every $5 you wager, while 20-1 means you get $20 in profit for every $1 you wager. In the latter example, a bet of $2 means you would get $42 back for a winning wager.
Payoffs use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules at that track. This rounding is called breakage.
Calculating the Win Odds on a Horse.
If you want to calculate the exact win odds on a horse, you will need to use a couple of other figures from the tote board:
Total win pool Amount bet on that horse.
The total pool is all the money bet on all the horses to win, but it is not the amount that will actually be paid out to the holders of winning tickets. Before the track pays off the winners, they deduct the "take," which is generally between 14 and 20 percent and is different in every state. This money goes to pay state and local taxes, payment for the horsemen, expenses at the track, and the track's profit.
To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out.
Divide that figure by the amount bet on your horse to get the exact odds. This figure will always be rounded off to the nearest dime (usually) or nickel, as mentioned previously, before the payoffs are calculated. Here is a simple example of win odds calculation:
Total pool: $900 Amount bet on horse No. 1: $300 Take amount: 15 percent $900 minus 15 percent equals $765 $765 minus $300 equals $465 $465 divided by $300 equals $1.55.
Round this amount off to $1.50 for breakage and you get odds of 1.5-1 or 3-2, as it would normally be written, which yields a payoff of $5 on a wager of $2.
Payoffs for $2 Win Bets.
Since most tracks have a $2 minimum bet, below is a handy chart to look up the payoff for a $2 bet at various odds. Remember, your actual payoff may differ from this chart, as the odds on the tote board are rounded off, so 2-1 odds on the tote board may actually be 1.9-1 or 2.2-1.

Horse Racing Betting Guide: How to Calculate Betting Odds and Payoffs.
Contrary to popular belief, most people who bet on horse racing have no idea what's going on or what the best way to make money is. They generally stick to a favorite number, or color of the saddle cloth, or horse color for that matter, and hope to get lucky. If it's your lucky day, sure, you may win a few bucks, but it won't break the bank.
While I understand that most people view horse racing - a sport that has been around for centuries - as leisure activity and a day to get out in the sun for good entertainment with good company, that shouldn't mean it's okay to have little to no idea of how to actually bet the races.
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Horse racing has its own terminology and odds system that can really throw the casual horse players for a loop. The average person may not know what a furlong is, or the where the quarter pole is or what a closer is. Hell, they may not even know how much they stand to get back if their bet does in fact win. Well, I'm here to help.
The purpose of this article is to educate you on how the odds works and the potential payouts of standard bets. If you want to familiarize yourself with the horse racing terminology, you can click here .
Understanding Horse Racing Odds.
The "tote" board is the massive jumbotron screen that is usually located in the infield of the racetrack that displays several important notes, such as post time, minutes to post, changes, scratches, pool totals, and, most importantly, the odds.
The most important part of understanding the odds is understanding that they ca decrease or increase within a matter of minutes and that you won't exactly know for sure how much you are going to win should your bet be graded as a winner. However, there are ways to educate yourself and prepare yourself for the possibly payout in order to determine if your bet is worth making or not.
For starters, you must understand that the win/place/show pools are subject to a 14-20 percent take out from the track in order to pay taxes, expenses, horsemen and the track's profit. To calculate the exact odds of your horse, you must simply subtract the take from the total pool, then subtract the amount bet on your horse, which will give you the amount that is to be paid out. Then you divide that number by the amount of money bet on your horse and boom??¦you have odds for your horse.
For example, if the total pool is $900 and the take out is 15 percent. The math would look like this:
Total Pool: $900 Amount bet on horse #3: $300.
This means that your horses odds are 1.55/1, which is the same as saying 3/2 - a much more common way of wording it.
Horse Racing Payout Chart.
So now that we know how to calculate our horse's odds manually, instead of looking at the giant tote board that gives us update odds every minute, we must now figure out how much we stand to win if we bet two dollars on a horse to win at various odds.

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?»?How to Understand Sports Betting Odds.
We researched and then ranked the best sports betting promo codes, risk-free bets, deposit matches, and other bonus offers from legal online sportsbooks. Check out the best offers here .
As more and more states legalize sports betting in the U.S., inevitably more people will be drawn to sports betting. If you are a novice sports bettor, a sportsbook??™s odds board or homepage on a mobile app may look like complete gibberish.
In this article, we will get you caught up on all the basic terminology you need to know. In addition, we will use this terminology to explain how to read what you see on an odds board and how to apply this knowledge towards your wagers.
Example of a Game on an Odds Board.
This is an example of an NFL game between the Dallas Cowboys and Kansas City Chiefs that once appeared on a sportsbook??™s odds board. You will notice the following categories of terms: rotation numbers, point spread, over/under, and moneylines. Let??™s take a look at each term individually.
Rotation Numbers.
Rotation numbers are commonly used at in-person sportsbooks. These numbers are provided for bettors to easily reference their bets when approaching the cashier.
Suppose a bettor wanted to wager on the Cowboys spread. They would approach the cashier and say ???I will take number 403, Cowboys -8 for [whatever the bet amount].??? The cashier would then have the proposed bet on a screen for the bettor to look at, along with the possible payout. If the bettor was satisfied with the bet, the bet is finalized once the bettor hands the cashier their money.
Telling a cashier the rotation number of a bet is not absolutely mandatory. One could simply say ???I??™ll take the Cowboys -8??? and the cashier will likely know that the customer is referring to an NFL point spread. However, one cannot assume the cashier is knowledgeable about every sport, so telling the cashier the rotation number makes their job easier.
Point Spreads.
Over/Under.
Over/unders are also referred to as ???totals??? in the sports betting world. With over/unders, one is not betting on how much one team will win or lose by. Instead, an over/under is a wager on how many points will be scored.
Those who bet on the ???over 42.5??? think the Cowboys and Chiefs will combine to score more than 42.5 points. Those who bet the ???under 42.5??? think the two teams will combine to score less than 42.5. Notice how with this particular line, there can be no ???push??? since there cannot be a half-point scored.
Moneylines.
Similar to point spreads, a moneyline favorite can be identified with a minus sign next to the number while the underdog will have a plus. With a moneyline bet, one is simply betting who will win the game regardless of the margin of victory.
The Cowboys have a moneyline of -400. This fact introduces another important sports term called the ???vig.??? Those who bet the ???Cowboys moneyline??? would need to wager $400 to return a profit of $100. That same ratio is applied to all betting amounts, so a $100 bet on the Cowboys moneyline would net a $25 profit.
Vigs are Everywhere.
If the math to figure out how a vig of -110 works is too difficult, the rule of thumb is that sportsbooks take 10% of the winnings of every bet. However, one does not have to be a mathematical expert to be a successful sports gambler. Remember, a cashier at a sportsbook will always show you what you stand to win before you finalize your bet.
Mike Spector is a featured writer at BettingPros. For more from Mike, check out his archive and follow him @MikeSpector01 .

Main Types Of Sports Betting Odds Explained.
Image source: Nick Youngson CC BY-SA 3.0 Alpha Stock Images.
Understanding all types of odds at betting sites is crucial if you want to earn some profit at sportsbooks. Depending on a betting site, you can meet three types of odds ??“ American, Decimal, and Fractional. To learn about the peculiarities of each type, here you have all sports betting odds explained.
Sports betting is extremely popular across the globe. As it has invaded all the countries, numerous international and local-oriented sportsbook sites emerged. Depending on the sportsbook and their own location, punters can meet three types of odds: American, Fractional, Decimal . Understanding the difference between them is important as you have to know whether you are wagering on a likely-to-happen event or not. Thanks to online betting guides for beginners , now you have everything about sports betting odds explained.
You can set up all types of sports betting odds at Vbet.
All sports betting odds explained.
So, there are three popular types of betting odds ??“ American, Fractional, and Decimal. Predictably, American odds are mostly used at US-based online sportsbooks. Fractional odds are frequently met at British and Irish betting sites. Decimal odds are popular in European countries, Canada, Australia, and New Zealand.
Regardless of the area covered by your favorite sportsbook, it is important to know the difference between all types of odds. The ability to read odds is helpful when you want to wager on events that are covered by international sportsbooks. So, here you have all sports betting odds explained one by one.
American odds.
American odds represent perfectly the possibilities in American sports.
If you have -175 odds on Detroit Lions to win, the situation is the opposite. To win $100? You need to wager $175. If the team wins, you will get back $175 and earn an extra $100 ??“ $275 in total.
Fractional odds.
Now you have Fractional sports betting odds explained. You can recognize this type of odds thanks to a slash sign (/) or a hyphen sign (-). According to the online betting industry news , Fractional odds are the most popular across the globe.
So, if you see 5/1 or 5-1 at a sportsbook site, be sure that you have found Fractional odds. How to read them? In betting, 5/1 or 5-1 means that you win $5 on each $1. The bigger the number on the right, the more winning chances a team has.
For example, let??™s suppose that Man City has 10/1 odds to win their next match. As they are underdogs, you will get $100 for each $10 you bet on the club. Additionally, you will get back your $10 stake making your total winning sum $110.
Now, let??™s suppose that Man City is predicted to win their next match with 10/11 odds. It makes them favorites, so you will receive only $10 for each $11 you bet (plus your stake is back).
Horse races traditionally use fractional odds.
Decimal odds.
Finally, Decimal sports betting odds. After learning them, you can go and check the best online sportsbook deals this month, but first, let??™s see how to read the Europeans??™ favorite type of odds.
Decimal odds are probably the easiest to understand. After looking at them, you will immediately reveal underdogs and favorites. Usually, Decimal odds are written with a dot (.) ??“ 1.25, 5.00, 10.70, etc. The bigger is the number, the fewer winning chances there are.
How to count your possible profit? Simply multiply your stake by the odds. For example, you have 1.50 odds on Taylor Swift to win Grammys for the Best Album this year. Low-numbered odds make her favorite, so you will get $150 ($100 x 1.5) for each $100 stake with $50 as a net profit.
At the same time, you can bet on Ms. Swift aka underdog to win the award for Best Collaboration. With her 7.00 odds, you will get a $700 profit if your $100 stake is successful. Any questions?

How To Read Odds.
Understanding betting odds is key to successful betting. If you do not understand betting odds and the probabilities that they imply, you will struggle to succeed in betting on sports long term.
You don??™t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure.
How to read American odds.
There are three popular odds formats:
Fractional Odds Decimal Odds American Odds.
For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator.
American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls.
Put Your Odds Knowledge to the Test.
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How to calculate implied probability.
As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, Pointsbet Sportsbook.
So how do we calculate the implied probability in American odds?
Calculating the implied probability in positive American odds is quite simple:
So the implied probability of the Lakers winning the game is 0.4348 (or 43.48%). In this instance, the bookmakers believe the Lakers are a 43.48% chance of winning the game.
Calculating the implied probability in negative American odds is fairly straightforward:
So in our example, the Bulls are at odds of -140 to win the game. What is the implied probability of these odds?
So the implied probability of the Bulls winning the game is 0.5833, or 58.33%. In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game.
Value bets.
As stated earlier, the key to successful betting is to bet only when there is value. In our example, we should only bet on either the Bulls or the Lakers if we determine that they are a better chance to win the game than what the odds represent.
If we believe the Lakers are a better chance to win than 43.48%, we should bet on them. If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them.
Understanding betting odds is crucial to long-term betting success. Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
See real odds at online sportsbooks.
At many sportsbooks, you??™re free to see the odds no matter what state you happen to be in. However, you can only place real money bets at online sportsbooks odds if you??™re located in states that have legal sports betting.
However, if you want to bet on horses, you??™re more in luck there! Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world.
Betting Against The Odds.
In Summary: Betting Odds Explained.
Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct.
The probability represented by betting odds is often referred to as the ???implied probability??™. Understanding the implied probability is crucial. Why? Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. But if you would like to learn more about betting odds and alternative odds formats, try this odds converter.
Let??™s consider an example. Let??™s say the New York Giants are facing the Washington Redskins in a regular season NFL game. The Giants are at odds of -110 to cover the betting line of -3.5 points. The probability implied in the odds -110 is 52.4%. You??™ve done your research and have determined the Giants are a 60% chance to cover the -3.5 betting line. As 60% is greater than 52.4%, you have found what is commonly referred to as a ???value bet??™.
However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. You have not found a value bet and should not place a bet on the Giants.

A Simple Explanation: How to Read Sports Betting Odds.
Understanding the world of online betting can be a daunting task for the sports betting novice. You??™re met with a wall of numbers, dots and dashes before you even get started.
The key to enjoyable betting is in knowing how to read the odds. We??™ll break it all down into manageable chunks, covering the different bets and odds, and how to read them.
What Are Odds?
Before we get started, let??™s take a look at what odds actually are. Odds are a set of numbers which indicate the likelihood of an event taking place. In gambling terms, the odds aren??™t a true representation of probability, but show the ratio between the amount bet and the payout based on the probability calculated by the bookmakers.
Now that we have that out of the way, let??™s get down to business.
The Different Types of Odds.
The first thing you??™ll need to be aware of is the three most common types of odds in sports wagering:
Moneyline Point spreads Over/under betting.
What do these terms mean, exactly?
The Moneyline.
The moneyline wager is perhaps the simplest bet to understand. It??™s a straightforward bet on who you think is going to win the game, no matter the final points or score margins.
What Do the Numbers Mean?
Essentially, these odds show how much your profit will be based on the amount you wager. Moneyline wagers have odds attached to both the favorite and the underdog.
Note: the odds are given in the American format. We??™ll explain that in more detail later.
Point Spreads.
Usually in any game, one team is better than the other, giving us the terms favorite and underdogs in the first place.
If you were to just bet on the favorite each time, you could take your money and go, but this doesn??™t make for a very exciting betting experience, nor would it be very profitable for the online bookmakers. The point spread makes things more interesting for bettors, as well as making a profit for the bookies.
Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors. With the point spread odds, you??™ll bet on the score difference between the two teams.
WHAT DO These NUMBERS MEAN?
Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points.
If you would like to learn more, be sure to read our article explaining point spread betting.
Over/ Under.
If you are having trouble deciding who is likely to win a game, then an over/under bet might be the way to go. Sometimes referred to as ???totals??™ betting, over/under odds are a bet on the total combined score in a game.
It doesn??™t matter who wins or loses. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker.
If you see a bet written as 45.5 o/u , for example, this means that the bookmakers have calculated the possibility of the combined scores of the two teams as being around 45.5. The odds will often be with half points, in order to prevent what is called a ???push??™ or tie.
All you have to do is decide whether the combined scores will total over that mark, or under it. How much you are set to win from each of these bets will be decided by the bookmaker??™s odds, and how much money you want to wager (more on this later).
How to Read Odds.
Now that you know the basic betting forms, you will notice that the odds given aren??™t all written in the same way. Again, there are three main formats:
This is where your head may start to hurt, but let??™s try to keep it simple.
American Odds.
American odds are also used with the point spread bets, for example:
So while the point spread doesn??™t change the odds given for each result, it allows the bookmakers to protect their margin or ???juice??™.
In another article, we explain how you can find out more about how bookmakers operate and how they calculate their odds.
Decimal Odds.
Decimal odds are sometimes referred to as ???European odds??? and are used throughout Europe, Australia and Canada. If you??™re interested in betting on international sports, it??™s a good idea to know how they work.
Luckily, they??™re very straightforward and easy to calculate. All you have to do is multiply your wager by the odds to find out your potential winnings.
For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. Simple.
Fractional Odds.
Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in. Again, we??™ll keep this simple with an easy example. Say you make a bet of $5 on Team A to win with the odds of 2/1.
This translates as:
So your bet of $5 at 2/1 odds gives you a return of $15 ($5 wagered x 2 plus the original stake of $5).
Need a Calculator Yet?
It??™s a good idea to have a basic understanding of how to recognize and read each of the odds formulas, but fortunately, there are also a number of online odds converters and calculators that will do the hard work for you quickly and easily.
This comes in very handy especially when you have to recalculate when the odds change.
Why Do Odds Change?
Between the time when the betting lines open and the game starts, you??™re likely to see some change in the betting odds, especially in the last few minutes. Why? There are a few reasons.
Protecting Profit.
Firstly, the bookmakers may change the odds to protect their profit. Since they??™ve calculated the odds carefully to give both teams equal interest, making sure they are set to gain a profit either way, if one team is getting a clear majority of the bets, then they will change the odds to make the less favored team??™s odds more favorable.
Insider Info.
Betting websites may change their odds as information comes to light. For example, when a team line-up is published before a game and the star players aren??™t making an appearance, or perhaps news of injuries or training issues come out. These will all have an effect on the betting odds offered.
Sharp Bettors.
Another reason for movement on the betting line will be the sharp bettors, those professional players who may hold off to the last minute and bet against the public opinion. They are usually big-money players and their wager can be enough to move the lines.
Knowing how to use line movement to your advantage takes time and experience, but you can get a head start with our handy guide to understanding line movement.
Ready to Play.
Now that you have the basic building blocks required to understand sports betting odds, you??™re ready to go. All that??™s left for you to do is find the right sportsbook for you.
This can be another learning curve, but don??™t worry, we??™re here to help you. Just follow the link to get some great tips on how to choose the best online bookmaker.

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?»?How to Understand Sports Betting Odds.
We researched and then ranked the best sports betting promo codes, risk-free bets, deposit matches, and other bonus offers from legal online sportsbooks. Check out the best offers here .
As more and more states legalize sports betting in the U.S., inevitably more people will be drawn to sports betting. If you are a novice sports bettor, a sportsbook??™s odds board or homepage on a mobile app may look like complete gibberish.
In this article, we will get you caught up on all the basic terminology you need to know. In addition, we will use this terminology to explain how to read what you see on an odds board and how to apply this knowledge towards your wagers.
Example of a Game on an Odds Board.
This is an example of an NFL game between the Dallas Cowboys and Kansas City Chiefs that once appeared on a sportsbook??™s odds board. You will notice the following categories of terms: rotation numbers, point spread, over/under, and moneylines. Let??™s take a look at each term individually.
Rotation Numbers.
Rotation numbers are commonly used at in-person sportsbooks. These numbers are provided for bettors to easily reference their bets when approaching the cashier.
Suppose a bettor wanted to wager on the Cowboys spread. They would approach the cashier and say ???I will take number 403, Cowboys -8 for [whatever the bet amount].??? The cashier would then have the proposed bet on a screen for the bettor to look at, along with the possible payout. If the bettor was satisfied with the bet, the bet is finalized once the bettor hands the cashier their money.
Telling a cashier the rotation number of a bet is not absolutely mandatory. One could simply say ???I??™ll take the Cowboys -8??? and the cashier will likely know that the customer is referring to an NFL point spread. However, one cannot assume the cashier is knowledgeable about every sport, so telling the cashier the rotation number makes their job easier.
Point Spreads.
Over/Under.
Over/unders are also referred to as ???totals??? in the sports betting world. With over/unders, one is not betting on how much one team will win or lose by. Instead, an over/under is a wager on how many points will be scored.
Those who bet on the ???over 42.5??? think the Cowboys and Chiefs will combine to score more than 42.5 points. Those who bet the ???under 42.5??? think the two teams will combine to score less than 42.5. Notice how with this particular line, there can be no ???push??? since there cannot be a half-point scored.
Moneylines.
Similar to point spreads, a moneyline favorite can be identified with a minus sign next to the number while the underdog will have a plus. With a moneyline bet, one is simply betting who will win the game regardless of the margin of victory.
The Cowboys have a moneyline of -400. This fact introduces another important sports term called the ???vig.??? Those who bet the ???Cowboys moneyline??? would need to wager $400 to return a profit of $100. That same ratio is applied to all betting amounts, so a $100 bet on the Cowboys moneyline would net a $25 profit.
Vigs are Everywhere.
If the math to figure out how a vig of -110 works is too difficult, the rule of thumb is that sportsbooks take 10% of the winnings of every bet. However, one does not have to be a mathematical expert to be a successful sports gambler. Remember, a cashier at a sportsbook will always show you what you stand to win before you finalize your bet.
Mike Spector is a featured writer at BettingPros. For more from Mike, check out his archive and follow him @MikeSpector01 .

Main Types Of Sports Betting Odds Explained.
Image source: Nick Youngson CC BY-SA 3.0 Alpha Stock Images.
Understanding all types of odds at betting sites is crucial if you want to earn some profit at sportsbooks. Depending on a betting site, you can meet three types of odds ??“ American, Decimal, and Fractional. To learn about the peculiarities of each type, here you have all sports betting odds explained.
Sports betting is extremely popular across the globe. As it has invaded all the countries, numerous international and local-oriented sportsbook sites emerged. Depending on the sportsbook and their own location, punters can meet three types of odds: American, Fractional, Decimal . Understanding the difference between them is important as you have to know whether you are wagering on a likely-to-happen event or not. Thanks to online betting guides for beginners , now you have everything about sports betting odds explained.
You can set up all types of sports betting odds at Vbet.
All sports betting odds explained.
So, there are three popular types of betting odds ??“ American, Fractional, and Decimal. Predictably, American odds are mostly used at US-based online sportsbooks. Fractional odds are frequently met at British and Irish betting sites. Decimal odds are popular in European countries, Canada, Australia, and New Zealand.
Regardless of the area covered by your favorite sportsbook, it is important to know the difference between all types of odds. The ability to read odds is helpful when you want to wager on events that are covered by international sportsbooks. So, here you have all sports betting odds explained one by one.
American odds.
American odds represent perfectly the possibilities in American sports.
If you have -175 odds on Detroit Lions to win, the situation is the opposite. To win $100? You need to wager $175. If the team wins, you will get back $175 and earn an extra $100 ??“ $275 in total.
Fractional odds.
Now you have Fractional sports betting odds explained. You can recognize this type of odds thanks to a slash sign (/) or a hyphen sign (-). According to the online betting industry news , Fractional odds are the most popular across the globe.
So, if you see 5/1 or 5-1 at a sportsbook site, be sure that you have found Fractional odds. How to read them? In betting, 5/1 or 5-1 means that you win $5 on each $1. The bigger the number on the right, the more winning chances a team has.
For example, let??™s suppose that Man City has 10/1 odds to win their next match. As they are underdogs, you will get $100 for each $10 you bet on the club. Additionally, you will get back your $10 stake making your total winning sum $110.
Now, let??™s suppose that Man City is predicted to win their next match with 10/11 odds. It makes them favorites, so you will receive only $10 for each $11 you bet (plus your stake is back).
Horse races traditionally use fractional odds.
Decimal odds.
Finally, Decimal sports betting odds. After learning them, you can go and check the best online sportsbook deals this month, but first, let??™s see how to read the Europeans??™ favorite type of odds.
Decimal odds are probably the easiest to understand. After looking at them, you will immediately reveal underdogs and favorites. Usually, Decimal odds are written with a dot (.) ??“ 1.25, 5.00, 10.70, etc. The bigger is the number, the fewer winning chances there are.
How to count your possible profit? Simply multiply your stake by the odds. For example, you have 1.50 odds on Taylor Swift to win Grammys for the Best Album this year. Low-numbered odds make her favorite, so you will get $150 ($100 x 1.5) for each $100 stake with $50 as a net profit.
At the same time, you can bet on Ms. Swift aka underdog to win the award for Best Collaboration. With her 7.00 odds, you will get a $700 profit if your $100 stake is successful. Any questions?

How To Read Odds.
Understanding betting odds is key to successful betting. If you do not understand betting odds and the probabilities that they imply, you will struggle to succeed in betting on sports long term.
You don??™t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure.
How to read American odds.
There are three popular odds formats:
Fractional Odds Decimal Odds American Odds.
For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator.
American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls.
Put Your Odds Knowledge to the Test.
Super Bowl Special Offer.
A big offer for the Big Game!
Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
New customers only. 21+. NJ, CO, IN, TN, IN, MI, IA, VA and WV only.
How to calculate implied probability.
As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, Pointsbet Sportsbook.
So how do we calculate the implied probability in American odds?
Calculating the implied probability in positive American odds is quite simple:
So the implied probability of the Lakers winning the game is 0.4348 (or 43.48%). In this instance, the bookmakers believe the Lakers are a 43.48% chance of winning the game.
Calculating the implied probability in negative American odds is fairly straightforward:
So in our example, the Bulls are at odds of -140 to win the game. What is the implied probability of these odds?
So the implied probability of the Bulls winning the game is 0.5833, or 58.33%. In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game.
Value bets.
As stated earlier, the key to successful betting is to bet only when there is value. In our example, we should only bet on either the Bulls or the Lakers if we determine that they are a better chance to win the game than what the odds represent.
If we believe the Lakers are a better chance to win than 43.48%, we should bet on them. If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them.
Understanding betting odds is crucial to long-term betting success. Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
See real odds at online sportsbooks.
At many sportsbooks, you??™re free to see the odds no matter what state you happen to be in. However, you can only place real money bets at online sportsbooks odds if you??™re located in states that have legal sports betting.
However, if you want to bet on horses, you??™re more in luck there! Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world.
Betting Against The Odds.
In Summary: Betting Odds Explained.
Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct.
The probability represented by betting odds is often referred to as the ???implied probability??™. Understanding the implied probability is crucial. Why? Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. But if you would like to learn more about betting odds and alternative odds formats, try this odds converter.
Let??™s consider an example. Let??™s say the New York Giants are facing the Washington Redskins in a regular season NFL game. The Giants are at odds of -110 to cover the betting line of -3.5 points. The probability implied in the odds -110 is 52.4%. You??™ve done your research and have determined the Giants are a 60% chance to cover the -3.5 betting line. As 60% is greater than 52.4%, you have found what is commonly referred to as a ???value bet??™.
However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. You have not found a value bet and should not place a bet on the Giants.

A Simple Explanation: How to Read Sports Betting Odds.
Understanding the world of online betting can be a daunting task for the sports betting novice. You??™re met with a wall of numbers, dots and dashes before you even get started.
The key to enjoyable betting is in knowing how to read the odds. We??™ll break it all down into manageable chunks, covering the different bets and odds, and how to read them.
What Are Odds?
Before we get started, let??™s take a look at what odds actually are. Odds are a set of numbers which indicate the likelihood of an event taking place. In gambling terms, the odds aren??™t a true representation of probability, but show the ratio between the amount bet and the payout based on the probability calculated by the bookmakers.
Now that we have that out of the way, let??™s get down to business.
The Different Types of Odds.
The first thing you??™ll need to be aware of is the three most common types of odds in sports wagering:
Moneyline Point spreads Over/under betting.
What do these terms mean, exactly?
The Moneyline.
The moneyline wager is perhaps the simplest bet to understand. It??™s a straightforward bet on who you think is going to win the game, no matter the final points or score margins.
What Do the Numbers Mean?
Essentially, these odds show how much your profit will be based on the amount you wager. Moneyline wagers have odds attached to both the favorite and the underdog.
Note: the odds are given in the American format. We??™ll explain that in more detail later.
Point Spreads.
Usually in any game, one team is better than the other, giving us the terms favorite and underdogs in the first place.
If you were to just bet on the favorite each time, you could take your money and go, but this doesn??™t make for a very exciting betting experience, nor would it be very profitable for the online bookmakers. The point spread makes things more interesting for bettors, as well as making a profit for the bookies.
Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors. With the point spread odds, you??™ll bet on the score difference between the two teams.
WHAT DO These NUMBERS MEAN?
Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points.
If you would like to learn more, be sure to read our article explaining point spread betting.
Over/ Under.
If you are having trouble deciding who is likely to win a game, then an over/under bet might be the way to go. Sometimes referred to as ???totals??™ betting, over/under odds are a bet on the total combined score in a game.
It doesn??™t matter who wins or loses. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker.
If you see a bet written as 45.5 o/u , for example, this means that the bookmakers have calculated the possibility of the combined scores of the two teams as being around 45.5. The odds will often be with half points, in order to prevent what is called a ???push??™ or tie.
All you have to do is decide whether the combined scores will total over that mark, or under it. How much you are set to win from each of these bets will be decided by the bookmaker??™s odds, and how much money you want to wager (more on this later).
How to Read Odds.
Now that you know the basic betting forms, you will notice that the odds given aren??™t all written in the same way. Again, there are three main formats:
This is where your head may start to hurt, but let??™s try to keep it simple.
American Odds.
American odds are also used with the point spread bets, for example:
So while the point spread doesn??™t change the odds given for each result, it allows the bookmakers to protect their margin or ???juice??™.
In another article, we explain how you can find out more about how bookmakers operate and how they calculate their odds.
Decimal Odds.
Decimal odds are sometimes referred to as ???European odds??? and are used throughout Europe, Australia and Canada. If you??™re interested in betting on international sports, it??™s a good idea to know how they work.
Luckily, they??™re very straightforward and easy to calculate. All you have to do is multiply your wager by the odds to find out your potential winnings.
For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. Simple.
Fractional Odds.
Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in. Again, we??™ll keep this simple with an easy example. Say you make a bet of $5 on Team A to win with the odds of 2/1.
This translates as:
So your bet of $5 at 2/1 odds gives you a return of $15 ($5 wagered x 2 plus the original stake of $5).
Need a Calculator Yet?
It??™s a good idea to have a basic understanding of how to recognize and read each of the odds formulas, but fortunately, there are also a number of online odds converters and calculators that will do the hard work for you quickly and easily.
This comes in very handy especially when you have to recalculate when the odds change.
Why Do Odds Change?
Between the time when the betting lines open and the game starts, you??™re likely to see some change in the betting odds, especially in the last few minutes. Why? There are a few reasons.
Protecting Profit.
Firstly, the bookmakers may change the odds to protect their profit. Since they??™ve calculated the odds carefully to give both teams equal interest, making sure they are set to gain a profit either way, if one team is getting a clear majority of the bets, then they will change the odds to make the less favored team??™s odds more favorable.
Insider Info.
Betting websites may change their odds as information comes to light. For example, when a team line-up is published before a game and the star players aren??™t making an appearance, or perhaps news of injuries or training issues come out. These will all have an effect on the betting odds offered.
Sharp Bettors.
Another reason for movement on the betting line will be the sharp bettors, those professional players who may hold off to the last minute and bet against the public opinion. They are usually big-money players and their wager can be enough to move the lines.
Knowing how to use line movement to your advantage takes time and experience, but you can get a head start with our handy guide to understanding line movement.
Ready to Play.
Now that you have the basic building blocks required to understand sports betting odds, you??™re ready to go. All that??™s left for you to do is find the right sportsbook for you.
This can be another learning curve, but don??™t worry, we??™re here to help you. Just follow the link to get some great tips on how to choose the best online bookmaker.

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?»?How to Understand Sports Betting Odds.
We researched and then ranked the best sports betting promo codes, risk-free bets, deposit matches, and other bonus offers from legal online sportsbooks. Check out the best offers here .
As more and more states legalize sports betting in the U.S., inevitably more people will be drawn to sports betting. If you are a novice sports bettor, a sportsbook??™s odds board or homepage on a mobile app may look like complete gibberish.
In this article, we will get you caught up on all the basic terminology you need to know. In addition, we will use this terminology to explain how to read what you see on an odds board and how to apply this knowledge towards your wagers.
Example of a Game on an Odds Board.
This is an example of an NFL game between the Dallas Cowboys and Kansas City Chiefs that once appeared on a sportsbook??™s odds board. You will notice the following categories of terms: rotation numbers, point spread, over/under, and moneylines. Let??™s take a look at each term individually.
Rotation Numbers.
Rotation numbers are commonly used at in-person sportsbooks. These numbers are provided for bettors to easily reference their bets when approaching the cashier.
Suppose a bettor wanted to wager on the Cowboys spread. They would approach the cashier and say ???I will take number 403, Cowboys -8 for [whatever the bet amount].??? The cashier would then have the proposed bet on a screen for the bettor to look at, along with the possible payout. If the bettor was satisfied with the bet, the bet is finalized once the bettor hands the cashier their money.
Telling a cashier the rotation number of a bet is not absolutely mandatory. One could simply say ???I??™ll take the Cowboys -8??? and the cashier will likely know that the customer is referring to an NFL point spread. However, one cannot assume the cashier is knowledgeable about every sport, so telling the cashier the rotation number makes their job easier.
Point Spreads.
Over/Under.
Over/unders are also referred to as ???totals??? in the sports betting world. With over/unders, one is not betting on how much one team will win or lose by. Instead, an over/under is a wager on how many points will be scored.
Those who bet on the ???over 42.5??? think the Cowboys and Chiefs will combine to score more than 42.5 points. Those who bet the ???under 42.5??? think the two teams will combine to score less than 42.5. Notice how with this particular line, there can be no ???push??? since there cannot be a half-point scored.
Moneylines.
Similar to point spreads, a moneyline favorite can be identified with a minus sign next to the number while the underdog will have a plus. With a moneyline bet, one is simply betting who will win the game regardless of the margin of victory.
The Cowboys have a moneyline of -400. This fact introduces another important sports term called the ???vig.??? Those who bet the ???Cowboys moneyline??? would need to wager $400 to return a profit of $100. That same ratio is applied to all betting amounts, so a $100 bet on the Cowboys moneyline would net a $25 profit.
Vigs are Everywhere.
If the math to figure out how a vig of -110 works is too difficult, the rule of thumb is that sportsbooks take 10% of the winnings of every bet. However, one does not have to be a mathematical expert to be a successful sports gambler. Remember, a cashier at a sportsbook will always show you what you stand to win before you finalize your bet.
Mike Spector is a featured writer at BettingPros. For more from Mike, check out his archive and follow him @MikeSpector01 .

Main Types Of Sports Betting Odds Explained.
Image source: Nick Youngson CC BY-SA 3.0 Alpha Stock Images.
Understanding all types of odds at betting sites is crucial if you want to earn some profit at sportsbooks. Depending on a betting site, you can meet three types of odds ??“ American, Decimal, and Fractional. To learn about the peculiarities of each type, here you have all sports betting odds explained.
Sports betting is extremely popular across the globe. As it has invaded all the countries, numerous international and local-oriented sportsbook sites emerged. Depending on the sportsbook and their own location, punters can meet three types of odds: American, Fractional, Decimal . Understanding the difference between them is important as you have to know whether you are wagering on a likely-to-happen event or not. Thanks to online betting guides for beginners , now you have everything about sports betting odds explained.
You can set up all types of sports betting odds at Vbet.
All sports betting odds explained.
So, there are three popular types of betting odds ??“ American, Fractional, and Decimal. Predictably, American odds are mostly used at US-based online sportsbooks. Fractional odds are frequently met at British and Irish betting sites. Decimal odds are popular in European countries, Canada, Australia, and New Zealand.
Regardless of the area covered by your favorite sportsbook, it is important to know the difference between all types of odds. The ability to read odds is helpful when you want to wager on events that are covered by international sportsbooks. So, here you have all sports betting odds explained one by one.
American odds.
American odds represent perfectly the possibilities in American sports.
If you have -175 odds on Detroit Lions to win, the situation is the opposite. To win $100? You need to wager $175. If the team wins, you will get back $175 and earn an extra $100 ??“ $275 in total.
Fractional odds.
Now you have Fractional sports betting odds explained. You can recognize this type of odds thanks to a slash sign (/) or a hyphen sign (-). According to the online betting industry news , Fractional odds are the most popular across the globe.
So, if you see 5/1 or 5-1 at a sportsbook site, be sure that you have found Fractional odds. How to read them? In betting, 5/1 or 5-1 means that you win $5 on each $1. The bigger the number on the right, the more winning chances a team has.
For example, let??™s suppose that Man City has 10/1 odds to win their next match. As they are underdogs, you will get $100 for each $10 you bet on the club. Additionally, you will get back your $10 stake making your total winning sum $110.
Now, let??™s suppose that Man City is predicted to win their next match with 10/11 odds. It makes them favorites, so you will receive only $10 for each $11 you bet (plus your stake is back).
Horse races traditionally use fractional odds.
Decimal odds.
Finally, Decimal sports betting odds. After learning them, you can go and check the best online sportsbook deals this month, but first, let??™s see how to read the Europeans??™ favorite type of odds.
Decimal odds are probably the easiest to understand. After looking at them, you will immediately reveal underdogs and favorites. Usually, Decimal odds are written with a dot (.) ??“ 1.25, 5.00, 10.70, etc. The bigger is the number, the fewer winning chances there are.
How to count your possible profit? Simply multiply your stake by the odds. For example, you have 1.50 odds on Taylor Swift to win Grammys for the Best Album this year. Low-numbered odds make her favorite, so you will get $150 ($100 x 1.5) for each $100 stake with $50 as a net profit.
At the same time, you can bet on Ms. Swift aka underdog to win the award for Best Collaboration. With her 7.00 odds, you will get a $700 profit if your $100 stake is successful. Any questions?

How To Read Odds.
Understanding betting odds is key to successful betting. If you do not understand betting odds and the probabilities that they imply, you will struggle to succeed in betting on sports long term.
You don??™t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure.
How to read American odds.
There are three popular odds formats:
Fractional Odds Decimal Odds American Odds.
For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator.
American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls.
Put Your Odds Knowledge to the Test.
Super Bowl Special Offer.
A big offer for the Big Game!
Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
New customers only. 21+. NJ, CO, IN, TN, IN, MI, IA, VA and WV only.
How to calculate implied probability.
As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, Pointsbet Sportsbook.
So how do we calculate the implied probability in American odds?
Calculating the implied probability in positive American odds is quite simple:
So the implied probability of the Lakers winning the game is 0.4348 (or 43.48%). In this instance, the bookmakers believe the Lakers are a 43.48% chance of winning the game.
Calculating the implied probability in negative American odds is fairly straightforward:
So in our example, the Bulls are at odds of -140 to win the game. What is the implied probability of these odds?
So the implied probability of the Bulls winning the game is 0.5833, or 58.33%. In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game.
Value bets.
As stated earlier, the key to successful betting is to bet only when there is value. In our example, we should only bet on either the Bulls or the Lakers if we determine that they are a better chance to win the game than what the odds represent.
If we believe the Lakers are a better chance to win than 43.48%, we should bet on them. If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them.
Understanding betting odds is crucial to long-term betting success. Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
See real odds at online sportsbooks.
At many sportsbooks, you??™re free to see the odds no matter what state you happen to be in. However, you can only place real money bets at online sportsbooks odds if you??™re located in states that have legal sports betting.
However, if you want to bet on horses, you??™re more in luck there! Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world.
Betting Against The Odds.
In Summary: Betting Odds Explained.
Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct.
The probability represented by betting odds is often referred to as the ???implied probability??™. Understanding the implied probability is crucial. Why? Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. But if you would like to learn more about betting odds and alternative odds formats, try this odds converter.
Let??™s consider an example. Let??™s say the New York Giants are facing the Washington Redskins in a regular season NFL game. The Giants are at odds of -110 to cover the betting line of -3.5 points. The probability implied in the odds -110 is 52.4%. You??™ve done your research and have determined the Giants are a 60% chance to cover the -3.5 betting line. As 60% is greater than 52.4%, you have found what is commonly referred to as a ???value bet??™.
However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. You have not found a value bet and should not place a bet on the Giants.

A Simple Explanation: How to Read Sports Betting Odds.
Understanding the world of online betting can be a daunting task for the sports betting novice. You??™re met with a wall of numbers, dots and dashes before you even get started.
The key to enjoyable betting is in knowing how to read the odds. We??™ll break it all down into manageable chunks, covering the different bets and odds, and how to read them.
What Are Odds?
Before we get started, let??™s take a look at what odds actually are. Odds are a set of numbers which indicate the likelihood of an event taking place. In gambling terms, the odds aren??™t a true representation of probability, but show the ratio between the amount bet and the payout based on the probability calculated by the bookmakers.
Now that we have that out of the way, let??™s get down to business.
The Different Types of Odds.
The first thing you??™ll need to be aware of is the three most common types of odds in sports wagering:
Moneyline Point spreads Over/under betting.
What do these terms mean, exactly?
The Moneyline.
The moneyline wager is perhaps the simplest bet to understand. It??™s a straightforward bet on who you think is going to win the game, no matter the final points or score margins.
What Do the Numbers Mean?
Essentially, these odds show how much your profit will be based on the amount you wager. Moneyline wagers have odds attached to both the favorite and the underdog.
Note: the odds are given in the American format. We??™ll explain that in more detail later.
Point Spreads.
Usually in any game, one team is better than the other, giving us the terms favorite and underdogs in the first place.
If you were to just bet on the favorite each time, you could take your money and go, but this doesn??™t make for a very exciting betting experience, nor would it be very profitable for the online bookmakers. The point spread makes things more interesting for bettors, as well as making a profit for the bookies.
Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors. With the point spread odds, you??™ll bet on the score difference between the two teams.
WHAT DO These NUMBERS MEAN?
Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points.
If you would like to learn more, be sure to read our article explaining point spread betting.
Over/ Under.
If you are having trouble deciding who is likely to win a game, then an over/under bet might be the way to go. Sometimes referred to as ???totals??™ betting, over/under odds are a bet on the total combined score in a game.
It doesn??™t matter who wins or loses. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker.
If you see a bet written as 45.5 o/u , for example, this means that the bookmakers have calculated the possibility of the combined scores of the two teams as being around 45.5. The odds will often be with half points, in order to prevent what is called a ???push??™ or tie.
All you have to do is decide whether the combined scores will total over that mark, or under it. How much you are set to win from each of these bets will be decided by the bookmaker??™s odds, and how much money you want to wager (more on this later).
How to Read Odds.
Now that you know the basic betting forms, you will notice that the odds given aren??™t all written in the same way. Again, there are three main formats:
This is where your head may start to hurt, but let??™s try to keep it simple.
American Odds.
American odds are also used with the point spread bets, for example:
So while the point spread doesn??™t change the odds given for each result, it allows the bookmakers to protect their margin or ???juice??™.
In another article, we explain how you can find out more about how bookmakers operate and how they calculate their odds.
Decimal Odds.
Decimal odds are sometimes referred to as ???European odds??? and are used throughout Europe, Australia and Canada. If you??™re interested in betting on international sports, it??™s a good idea to know how they work.
Luckily, they??™re very straightforward and easy to calculate. All you have to do is multiply your wager by the odds to find out your potential winnings.
For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. Simple.
Fractional Odds.
Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in. Again, we??™ll keep this simple with an easy example. Say you make a bet of $5 on Team A to win with the odds of 2/1.
This translates as:
So your bet of $5 at 2/1 odds gives you a return of $15 ($5 wagered x 2 plus the original stake of $5).
Need a Calculator Yet?
It??™s a good idea to have a basic understanding of how to recognize and read each of the odds formulas, but fortunately, there are also a number of online odds converters and calculators that will do the hard work for you quickly and easily.
This comes in very handy especially when you have to recalculate when the odds change.
Why Do Odds Change?
Between the time when the betting lines open and the game starts, you??™re likely to see some change in the betting odds, especially in the last few minutes. Why? There are a few reasons.
Protecting Profit.
Firstly, the bookmakers may change the odds to protect their profit. Since they??™ve calculated the odds carefully to give both teams equal interest, making sure they are set to gain a profit either way, if one team is getting a clear majority of the bets, then they will change the odds to make the less favored team??™s odds more favorable.
Insider Info.
Betting websites may change their odds as information comes to light. For example, when a team line-up is published before a game and the star players aren??™t making an appearance, or perhaps news of injuries or training issues come out. These will all have an effect on the betting odds offered.
Sharp Bettors.
Another reason for movement on the betting line will be the sharp bettors, those professional players who may hold off to the last minute and bet against the public opinion. They are usually big-money players and their wager can be enough to move the lines.
Knowing how to use line movement to your advantage takes time and experience, but you can get a head start with our handy guide to understanding line movement.
Ready to Play.
Now that you have the basic building blocks required to understand sports betting odds, you??™re ready to go. All that??™s left for you to do is find the right sportsbook for you.
This can be another learning curve, but don??™t worry, we??™re here to help you. Just follow the link to get some great tips on how to choose the best online bookmaker.

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?»?How to Understand Sports Betting Odds.
We researched and then ranked the best sports betting promo codes, risk-free bets, deposit matches, and other bonus offers from legal online sportsbooks. Check out the best offers here .
As more and more states legalize sports betting in the U.S., inevitably more people will be drawn to sports betting. If you are a novice sports bettor, a sportsbook??™s odds board or homepage on a mobile app may look like complete gibberish.
In this article, we will get you caught up on all the basic terminology you need to know. In addition, we will use this terminology to explain how to read what you see on an odds board and how to apply this knowledge towards your wagers.
Example of a Game on an Odds Board.
This is an example of an NFL game between the Dallas Cowboys and Kansas City Chiefs that once appeared on a sportsbook??™s odds board. You will notice the following categories of terms: rotation numbers, point spread, over/under, and moneylines. Let??™s take a look at each term individually.
Rotation Numbers.
Rotation numbers are commonly used at in-person sportsbooks. These numbers are provided for bettors to easily reference their bets when approaching the cashier.
Suppose a bettor wanted to wager on the Cowboys spread. They would approach the cashier and say ???I will take number 403, Cowboys -8 for [whatever the bet amount].??? The cashier would then have the proposed bet on a screen for the bettor to look at, along with the possible payout. If the bettor was satisfied with the bet, the bet is finalized once the bettor hands the cashier their money.
Telling a cashier the rotation number of a bet is not absolutely mandatory. One could simply say ???I??™ll take the Cowboys -8??? and the cashier will likely know that the customer is referring to an NFL point spread. However, one cannot assume the cashier is knowledgeable about every sport, so telling the cashier the rotation number makes their job easier.
Point Spreads.
Over/Under.
Over/unders are also referred to as ???totals??? in the sports betting world. With over/unders, one is not betting on how much one team will win or lose by. Instead, an over/under is a wager on how many points will be scored.
Those who bet on the ???over 42.5??? think the Cowboys and Chiefs will combine to score more than 42.5 points. Those who bet the ???under 42.5??? think the two teams will combine to score less than 42.5. Notice how with this particular line, there can be no ???push??? since there cannot be a half-point scored.
Moneylines.
Similar to point spreads, a moneyline favorite can be identified with a minus sign next to the number while the underdog will have a plus. With a moneyline bet, one is simply betting who will win the game regardless of the margin of victory.
The Cowboys have a moneyline of -400. This fact introduces another important sports term called the ???vig.??? Those who bet the ???Cowboys moneyline??? would need to wager $400 to return a profit of $100. That same ratio is applied to all betting amounts, so a $100 bet on the Cowboys moneyline would net a $25 profit.
Vigs are Everywhere.
If the math to figure out how a vig of -110 works is too difficult, the rule of thumb is that sportsbooks take 10% of the winnings of every bet. However, one does not have to be a mathematical expert to be a successful sports gambler. Remember, a cashier at a sportsbook will always show you what you stand to win before you finalize your bet.
Mike Spector is a featured writer at BettingPros. For more from Mike, check out his archive and follow him @MikeSpector01 .

Main Types Of Sports Betting Odds Explained.
Image source: Nick Youngson CC BY-SA 3.0 Alpha Stock Images.
Understanding all types of odds at betting sites is crucial if you want to earn some profit at sportsbooks. Depending on a betting site, you can meet three types of odds ??“ American, Decimal, and Fractional. To learn about the peculiarities of each type, here you have all sports betting odds explained.
Sports betting is extremely popular across the globe. As it has invaded all the countries, numerous international and local-oriented sportsbook sites emerged. Depending on the sportsbook and their own location, punters can meet three types of odds: American, Fractional, Decimal . Understanding the difference between them is important as you have to know whether you are wagering on a likely-to-happen event or not. Thanks to online betting guides for beginners , now you have everything about sports betting odds explained.
You can set up all types of sports betting odds at Vbet.
All sports betting odds explained.
So, there are three popular types of betting odds ??“ American, Fractional, and Decimal. Predictably, American odds are mostly used at US-based online sportsbooks. Fractional odds are frequently met at British and Irish betting sites. Decimal odds are popular in European countries, Canada, Australia, and New Zealand.
Regardless of the area covered by your favorite sportsbook, it is important to know the difference between all types of odds. The ability to read odds is helpful when you want to wager on events that are covered by international sportsbooks. So, here you have all sports betting odds explained one by one.
American odds.
American odds represent perfectly the possibilities in American sports.
If you have -175 odds on Detroit Lions to win, the situation is the opposite. To win $100? You need to wager $175. If the team wins, you will get back $175 and earn an extra $100 ??“ $275 in total.
Fractional odds.
Now you have Fractional sports betting odds explained. You can recognize this type of odds thanks to a slash sign (/) or a hyphen sign (-). According to the online betting industry news , Fractional odds are the most popular across the globe.
So, if you see 5/1 or 5-1 at a sportsbook site, be sure that you have found Fractional odds. How to read them? In betting, 5/1 or 5-1 means that you win $5 on each $1. The bigger the number on the right, the more winning chances a team has.
For example, let??™s suppose that Man City has 10/1 odds to win their next match. As they are underdogs, you will get $100 for each $10 you bet on the club. Additionally, you will get back your $10 stake making your total winning sum $110.
Now, let??™s suppose that Man City is predicted to win their next match with 10/11 odds. It makes them favorites, so you will receive only $10 for each $11 you bet (plus your stake is back).
Horse races traditionally use fractional odds.
Decimal odds.
Finally, Decimal sports betting odds. After learning them, you can go and check the best online sportsbook deals this month, but first, let??™s see how to read the Europeans??™ favorite type of odds.
Decimal odds are probably the easiest to understand. After looking at them, you will immediately reveal underdogs and favorites. Usually, Decimal odds are written with a dot (.) ??“ 1.25, 5.00, 10.70, etc. The bigger is the number, the fewer winning chances there are.
How to count your possible profit? Simply multiply your stake by the odds. For example, you have 1.50 odds on Taylor Swift to win Grammys for the Best Album this year. Low-numbered odds make her favorite, so you will get $150 ($100 x 1.5) for each $100 stake with $50 as a net profit.
At the same time, you can bet on Ms. Swift aka underdog to win the award for Best Collaboration. With her 7.00 odds, you will get a $700 profit if your $100 stake is successful. Any questions?

How To Read Odds.
Understanding betting odds is key to successful betting. If you do not understand betting odds and the probabilities that they imply, you will struggle to succeed in betting on sports long term.
You don??™t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure.
How to read American odds.
There are three popular odds formats:
Fractional Odds Decimal Odds American Odds.
For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator.
American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls.
Put Your Odds Knowledge to the Test.
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How to calculate implied probability.
As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, Pointsbet Sportsbook.
So how do we calculate the implied probability in American odds?
Calculating the implied probability in positive American odds is quite simple:
So the implied probability of the Lakers winning the game is 0.4348 (or 43.48%). In this instance, the bookmakers believe the Lakers are a 43.48% chance of winning the game.
Calculating the implied probability in negative American odds is fairly straightforward:
So in our example, the Bulls are at odds of -140 to win the game. What is the implied probability of these odds?
So the implied probability of the Bulls winning the game is 0.5833, or 58.33%. In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game.
Value bets.
As stated earlier, the key to successful betting is to bet only when there is value. In our example, we should only bet on either the Bulls or the Lakers if we determine that they are a better chance to win the game than what the odds represent.
If we believe the Lakers are a better chance to win than 43.48%, we should bet on them. If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them.
Understanding betting odds is crucial to long-term betting success. Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
See real odds at online sportsbooks.
At many sportsbooks, you??™re free to see the odds no matter what state you happen to be in. However, you can only place real money bets at online sportsbooks odds if you??™re located in states that have legal sports betting.
However, if you want to bet on horses, you??™re more in luck there! Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world.
Betting Against The Odds.
In Summary: Betting Odds Explained.
Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct.
The probability represented by betting odds is often referred to as the ???implied probability??™. Understanding the implied probability is crucial. Why? Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. But if you would like to learn more about betting odds and alternative odds formats, try this odds converter.
Let??™s consider an example. Let??™s say the New York Giants are facing the Washington Redskins in a regular season NFL game. The Giants are at odds of -110 to cover the betting line of -3.5 points. The probability implied in the odds -110 is 52.4%. You??™ve done your research and have determined the Giants are a 60% chance to cover the -3.5 betting line. As 60% is greater than 52.4%, you have found what is commonly referred to as a ???value bet??™.
However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. You have not found a value bet and should not place a bet on the Giants.

A Simple Explanation: How to Read Sports Betting Odds.
Understanding the world of online betting can be a daunting task for the sports betting novice. You??™re met with a wall of numbers, dots and dashes before you even get started.
The key to enjoyable betting is in knowing how to read the odds. We??™ll break it all down into manageable chunks, covering the different bets and odds, and how to read them.
What Are Odds?
Before we get started, let??™s take a look at what odds actually are. Odds are a set of numbers which indicate the likelihood of an event taking place. In gambling terms, the odds aren??™t a true representation of probability, but show the ratio between the amount bet and the payout based on the probability calculated by the bookmakers.
Now that we have that out of the way, let??™s get down to business.
The Different Types of Odds.
The first thing you??™ll need to be aware of is the three most common types of odds in sports wagering:
Moneyline Point spreads Over/under betting.
What do these terms mean, exactly?
The Moneyline.
The moneyline wager is perhaps the simplest bet to understand. It??™s a straightforward bet on who you think is going to win the game, no matter the final points or score margins.
What Do the Numbers Mean?
Essentially, these odds show how much your profit will be based on the amount you wager. Moneyline wagers have odds attached to both the favorite and the underdog.
Note: the odds are given in the American format. We??™ll explain that in more detail later.
Point Spreads.
Usually in any game, one team is better than the other, giving us the terms favorite and underdogs in the first place.
If you were to just bet on the favorite each time, you could take your money and go, but this doesn??™t make for a very exciting betting experience, nor would it be very profitable for the online bookmakers. The point spread makes things more interesting for bettors, as well as making a profit for the bookies.
Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors. With the point spread odds, you??™ll bet on the score difference between the two teams.
WHAT DO These NUMBERS MEAN?
Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points.
If you would like to learn more, be sure to read our article explaining point spread betting.
Over/ Under.
If you are having trouble deciding who is likely to win a game, then an over/under bet might be the way to go. Sometimes referred to as ???totals??™ betting, over/under odds are a bet on the total combined score in a game.
It doesn??™t matter who wins or loses. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker.
If you see a bet written as 45.5 o/u , for example, this means that the bookmakers have calculated the possibility of the combined scores of the two teams as being around 45.5. The odds will often be with half points, in order to prevent what is called a ???push??™ or tie.
All you have to do is decide whether the combined scores will total over that mark, or under it. How much you are set to win from each of these bets will be decided by the bookmaker??™s odds, and how much money you want to wager (more on this later).
How to Read Odds.
Now that you know the basic betting forms, you will notice that the odds given aren??™t all written in the same way. Again, there are three main formats:
This is where your head may start to hurt, but let??™s try to keep it simple.
American Odds.
American odds are also used with the point spread bets, for example:
So while the point spread doesn??™t change the odds given for each result, it allows the bookmakers to protect their margin or ???juice??™.
In another article, we explain how you can find out more about how bookmakers operate and how they calculate their odds.
Decimal Odds.
Decimal odds are sometimes referred to as ???European odds??? and are used throughout Europe, Australia and Canada. If you??™re interested in betting on international sports, it??™s a good idea to know how they work.
Luckily, they??™re very straightforward and easy to calculate. All you have to do is multiply your wager by the odds to find out your potential winnings.
For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. Simple.
Fractional Odds.
Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in. Again, we??™ll keep this simple with an easy example. Say you make a bet of $5 on Team A to win with the odds of 2/1.
This translates as:
So your bet of $5 at 2/1 odds gives you a return of $15 ($5 wagered x 2 plus the original stake of $5).
Need a Calculator Yet?
It??™s a good idea to have a basic understanding of how to recognize and read each of the odds formulas, but fortunately, there are also a number of online odds converters and calculators that will do the hard work for you quickly and easily.
This comes in very handy especially when you have to recalculate when the odds change.
Why Do Odds Change?
Between the time when the betting lines open and the game starts, you??™re likely to see some change in the betting odds, especially in the last few minutes. Why? There are a few reasons.
Protecting Profit.
Firstly, the bookmakers may change the odds to protect their profit. Since they??™ve calculated the odds carefully to give both teams equal interest, making sure they are set to gain a profit either way, if one team is getting a clear majority of the bets, then they will change the odds to make the less favored team??™s odds more favorable.
Insider Info.
Betting websites may change their odds as information comes to light. For example, when a team line-up is published before a game and the star players aren??™t making an appearance, or perhaps news of injuries or training issues come out. These will all have an effect on the betting odds offered.
Sharp Bettors.
Another reason for movement on the betting line will be the sharp bettors, those professional players who may hold off to the last minute and bet against the public opinion. They are usually big-money players and their wager can be enough to move the lines.
Knowing how to use line movement to your advantage takes time and experience, but you can get a head start with our handy guide to understanding line movement.
Ready to Play.
Now that you have the basic building blocks required to understand sports betting odds, you??™re ready to go. All that??™s left for you to do is find the right sportsbook for you.
This can be another learning curve, but don??™t worry, we??™re here to help you. Just follow the link to get some great tips on how to choose the best online bookmaker.

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?»?Betting Odds Explained ??“ A Beginner??™s Guide to Gambling.
Betting odds tell you how likely an event is to happen They also tell you how much money you will win However, at first, they may seem confusing and complex Our comprehensive guide takes you step-by-step to explain them.
If you??™re new to betting, one of the first things you should do is learn how betting odds work. It??™s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you.
In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
What is Probability?
The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money. For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes. Therefore, if you bet that the person rolls a ???one??™, there is a 16.67% chance that will happen. What betting odds merely do is present how likely the event is to happen. Bookies most frequently in the UK do this as a fraction, i.e. 4/7, whilst the vast majority also offer the ability to view them as decimals. Again, let us talk you through them. All will become clear.
Using Betting Odds to Calculate Probability.
Whenever you see two numbers separated by a trailing slash, i.e. 10/1, this is known as fractional odds. From this, you can calculate how likely a given event is to happen with a calculation. For ease of explanation, let??™s replace the numbers with letters i.e. 4/1 becomes A/B. Here is the calculation: Probability (%) = B / (A+B).
Hooray! We??™re making progress. Given a fraction, we can now tell how likely (the probability) what we??™re going to bet on will happen. Now let??™s figure out how much money can be won using betting odds.
Using Betting Odds to Calculate Winnings.
Betting odds allow you to calculate how much money you will win if you make a bet. Let??™s use the same examples as before, with the same replacement of numbers for letters, i.e. 4/1 becomes A/B. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake.
9/1 for every ??1 you bet, you will win ??9. 4/1 for every ??1 you bet, you will win ??4. 1/1 for every ??1 you bet, you will win ??1. 1/4 for every ??4 you bet, you will win ??1.
What About Decimals?
Decimals are far more common on exchanges, such as Betfair, but all leading betting sites do give you the option to view betting odds in this format. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out. Here is the calculation: winnings = (odds * stake) ??“ stake. Let??™s illustrate it with some examples.
9.0 can be calculated as (9.0 * ??10 stake) ??“ ??10 stake = ??80 winnings. 4.0 can be calculated as (4.0 * ??10 stake) ??“ ??10 stake = ??30 winnings. 2.5 can be calculated as (2.5 * ??10 stake) ??“ ??10 stake = ??15 winnings. 1.25 can be calculated as (1.25 * ??10 stake) ??“ ??10 stake = ??2.50 winnings.
You can use our bet calculator to help you calculate winnings. USE BET CALCULATOR.
Decimal Odds Versus Fractional Odds.
In truth, one isn??™t better than the other but there is certainly a trend emerging towards decimal odds. Historically fractional odds were used in the UK, especially on racetracks and on the high street. There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. Now, they??™re largely all in decimals. Don??™t hesitate to check out our exclusive Premier League Betting Offers !
The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. For odds to change slightly, it??™s really difficult to marginally increase or decrease the probability without creating large fractions which are hard to compute for the punter.
Use Our Tool to Convert Betting Odds Into Your Favourite Format.
Our odds converter tool will allow you see odds in whatever format you like . Not only that, but it??™ll tell you how likely the selection is to win!
In Summary.
Next steps.
That??™s it! Hopefully, that clears up betting odds. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win.
Found this article useful? We have loads more similar ones in our learning section . Here are some popular ones; Find out if using tipsters can improve your chances of winning Each way betting explained Learn what laying a bet means Understand how handicap betting works Our homepage lists all available betting sites for new customers .

Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it??™s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you??™re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That??™s because of the vig, which is a sportsbook??™s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you??™re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
NFL Odds & Betting Lines NBA Odds & Betting Lines College Football Odds & Betting Lines College Basketball Odds & Betting Lines MLB Odds & Betting Lines NHL Odds & Betting Lines.
Expert Picks.
NFL Picks & Analysis NBA Picks & Analysis College Football Picks & Analysis College Basketball Picks & Analysis MLB Picks & Analysis NHL Picks & Analysis.
Online Sports Betting News & Offers.
State Legalization Tracker Colorado New Jersey Pennsylvania Indiana West Virginia Tennessee Illinois Michigan Virginia Iowa.
Best Online Sportsbooks & Reviews.
DraftKings PointsBet BetMGM William Hill FanDuel Parx FOX Bet.
The Action Network.
DOWNLOAD MOBILE APPS.
Copyright 2021 ?© Action Network Inc, All Rights Reserved. | |
DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.

Sports Betting Odds.
Sports Betting Odds Explained.
Many people don??™t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called ???American Odds???. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a ??“ sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 ??“ $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won??™t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

How Do Odds Work in Betting?
If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds.
How Fractional Odds Work.
Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a ???slash (/)??? or a ???hyphen (-),??? e.g. 6/1 or 6-1 and announced as ???six-to-one.??? Fractional odds are used by some of the world??™s largest bookmakers, making them the most preferred odds across the globe.
Therefore, the total (potential) return on a stake can be stated as:
For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.
Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1.
It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet.
In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800.
How Decimal Odds Work.
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
The total (potential) return on a stake can be calculated as:
For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker.
Donald Trump: 4.00 Joe Biden: 1.3.
These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300.
Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned.
Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win.
How American (Moneyline) Odds Work.
Let??™s understand this with the help of an example:
One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds.
In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.
Key Takeaways.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
The Bottom Line.
If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.

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?»?Betting Odds Explained ??“ A Beginner??™s Guide to Gambling.
Betting odds tell you how likely an event is to happen They also tell you how much money you will win However, at first, they may seem confusing and complex Our comprehensive guide takes you step-by-step to explain them.
If you??™re new to betting, one of the first things you should do is learn how betting odds work. It??™s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you.
In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
What is Probability?
The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money. For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes. Therefore, if you bet that the person rolls a ???one??™, there is a 16.67% chance that will happen. What betting odds merely do is present how likely the event is to happen. Bookies most frequently in the UK do this as a fraction, i.e. 4/7, whilst the vast majority also offer the ability to view them as decimals. Again, let us talk you through them. All will become clear.
Using Betting Odds to Calculate Probability.
Whenever you see two numbers separated by a trailing slash, i.e. 10/1, this is known as fractional odds. From this, you can calculate how likely a given event is to happen with a calculation. For ease of explanation, let??™s replace the numbers with letters i.e. 4/1 becomes A/B. Here is the calculation: Probability (%) = B / (A+B).
Hooray! We??™re making progress. Given a fraction, we can now tell how likely (the probability) what we??™re going to bet on will happen. Now let??™s figure out how much money can be won using betting odds.
Using Betting Odds to Calculate Winnings.
Betting odds allow you to calculate how much money you will win if you make a bet. Let??™s use the same examples as before, with the same replacement of numbers for letters, i.e. 4/1 becomes A/B. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake.
9/1 for every ??1 you bet, you will win ??9. 4/1 for every ??1 you bet, you will win ??4. 1/1 for every ??1 you bet, you will win ??1. 1/4 for every ??4 you bet, you will win ??1.
What About Decimals?
Decimals are far more common on exchanges, such as Betfair, but all leading betting sites do give you the option to view betting odds in this format. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out. Here is the calculation: winnings = (odds * stake) ??“ stake. Let??™s illustrate it with some examples.
9.0 can be calculated as (9.0 * ??10 stake) ??“ ??10 stake = ??80 winnings. 4.0 can be calculated as (4.0 * ??10 stake) ??“ ??10 stake = ??30 winnings. 2.5 can be calculated as (2.5 * ??10 stake) ??“ ??10 stake = ??15 winnings. 1.25 can be calculated as (1.25 * ??10 stake) ??“ ??10 stake = ??2.50 winnings.
You can use our bet calculator to help you calculate winnings. USE BET CALCULATOR.
Decimal Odds Versus Fractional Odds.
In truth, one isn??™t better than the other but there is certainly a trend emerging towards decimal odds. Historically fractional odds were used in the UK, especially on racetracks and on the high street. There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. Now, they??™re largely all in decimals. Don??™t hesitate to check out our exclusive Premier League Betting Offers !
The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. For odds to change slightly, it??™s really difficult to marginally increase or decrease the probability without creating large fractions which are hard to compute for the punter.
Use Our Tool to Convert Betting Odds Into Your Favourite Format.
Our odds converter tool will allow you see odds in whatever format you like . Not only that, but it??™ll tell you how likely the selection is to win!
In Summary.
Next steps.
That??™s it! Hopefully, that clears up betting odds. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win.
Found this article useful? We have loads more similar ones in our learning section . Here are some popular ones; Find out if using tipsters can improve your chances of winning Each way betting explained Learn what laying a bet means Understand how handicap betting works Our homepage lists all available betting sites for new customers .

Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it??™s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you??™re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That??™s because of the vig, which is a sportsbook??™s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you??™re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
NFL Odds & Betting Lines NBA Odds & Betting Lines College Football Odds & Betting Lines College Basketball Odds & Betting Lines MLB Odds & Betting Lines NHL Odds & Betting Lines.
Expert Picks.
NFL Picks & Analysis NBA Picks & Analysis College Football Picks & Analysis College Basketball Picks & Analysis MLB Picks & Analysis NHL Picks & Analysis.
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Best Online Sportsbooks & Reviews.
DraftKings PointsBet BetMGM William Hill FanDuel Parx FOX Bet.
The Action Network.
DOWNLOAD MOBILE APPS.
Copyright 2021 ?© Action Network Inc, All Rights Reserved. | |
DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.

Sports Betting Odds.
Sports Betting Odds Explained.
Many people don??™t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called ???American Odds???. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a ??“ sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 ??“ $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won??™t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

How Do Odds Work in Betting?
If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds.
How Fractional Odds Work.
Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a ???slash (/)??? or a ???hyphen (-),??? e.g. 6/1 or 6-1 and announced as ???six-to-one.??? Fractional odds are used by some of the world??™s largest bookmakers, making them the most preferred odds across the globe.
Therefore, the total (potential) return on a stake can be stated as:
For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.
Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1.
It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet.
In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800.
How Decimal Odds Work.
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
The total (potential) return on a stake can be calculated as:
For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker.
Donald Trump: 4.00 Joe Biden: 1.3.
These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300.
Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned.
Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win.
How American (Moneyline) Odds Work.
Let??™s understand this with the help of an example:
One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds.
In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.
Key Takeaways.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
The Bottom Line.
If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.

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?»?Betting Odds Explained ??“ A Beginner??™s Guide to Gambling.
Betting odds tell you how likely an event is to happen They also tell you how much money you will win However, at first, they may seem confusing and complex Our comprehensive guide takes you step-by-step to explain them.
If you??™re new to betting, one of the first things you should do is learn how betting odds work. It??™s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you.
In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
What is Probability?
The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money. For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes. Therefore, if you bet that the person rolls a ???one??™, there is a 16.67% chance that will happen. What betting odds merely do is present how likely the event is to happen. Bookies most frequently in the UK do this as a fraction, i.e. 4/7, whilst the vast majority also offer the ability to view them as decimals. Again, let us talk you through them. All will become clear.
Using Betting Odds to Calculate Probability.
Whenever you see two numbers separated by a trailing slash, i.e. 10/1, this is known as fractional odds. From this, you can calculate how likely a given event is to happen with a calculation. For ease of explanation, let??™s replace the numbers with letters i.e. 4/1 becomes A/B. Here is the calculation: Probability (%) = B / (A+B).
Hooray! We??™re making progress. Given a fraction, we can now tell how likely (the probability) what we??™re going to bet on will happen. Now let??™s figure out how much money can be won using betting odds.
Using Betting Odds to Calculate Winnings.
Betting odds allow you to calculate how much money you will win if you make a bet. Let??™s use the same examples as before, with the same replacement of numbers for letters, i.e. 4/1 becomes A/B. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake.
9/1 for every ??1 you bet, you will win ??9. 4/1 for every ??1 you bet, you will win ??4. 1/1 for every ??1 you bet, you will win ??1. 1/4 for every ??4 you bet, you will win ??1.
What About Decimals?
Decimals are far more common on exchanges, such as Betfair, but all leading betting sites do give you the option to view betting odds in this format. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out. Here is the calculation: winnings = (odds * stake) ??“ stake. Let??™s illustrate it with some examples.
9.0 can be calculated as (9.0 * ??10 stake) ??“ ??10 stake = ??80 winnings. 4.0 can be calculated as (4.0 * ??10 stake) ??“ ??10 stake = ??30 winnings. 2.5 can be calculated as (2.5 * ??10 stake) ??“ ??10 stake = ??15 winnings. 1.25 can be calculated as (1.25 * ??10 stake) ??“ ??10 stake = ??2.50 winnings.
You can use our bet calculator to help you calculate winnings. USE BET CALCULATOR.
Decimal Odds Versus Fractional Odds.
In truth, one isn??™t better than the other but there is certainly a trend emerging towards decimal odds. Historically fractional odds were used in the UK, especially on racetracks and on the high street. There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. Now, they??™re largely all in decimals. Don??™t hesitate to check out our exclusive Premier League Betting Offers !
The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. For odds to change slightly, it??™s really difficult to marginally increase or decrease the probability without creating large fractions which are hard to compute for the punter.
Use Our Tool to Convert Betting Odds Into Your Favourite Format.
Our odds converter tool will allow you see odds in whatever format you like . Not only that, but it??™ll tell you how likely the selection is to win!
In Summary.
Next steps.
That??™s it! Hopefully, that clears up betting odds. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win.
Found this article useful? We have loads more similar ones in our learning section . Here are some popular ones; Find out if using tipsters can improve your chances of winning Each way betting explained Learn what laying a bet means Understand how handicap betting works Our homepage lists all available betting sites for new customers .

Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it??™s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you??™re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That??™s because of the vig, which is a sportsbook??™s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you??™re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
NFL Odds & Betting Lines NBA Odds & Betting Lines College Football Odds & Betting Lines College Basketball Odds & Betting Lines MLB Odds & Betting Lines NHL Odds & Betting Lines.
Expert Picks.
NFL Picks & Analysis NBA Picks & Analysis College Football Picks & Analysis College Basketball Picks & Analysis MLB Picks & Analysis NHL Picks & Analysis.
Online Sports Betting News & Offers.
State Legalization Tracker Colorado New Jersey Pennsylvania Indiana West Virginia Tennessee Illinois Michigan Virginia Iowa.
Best Online Sportsbooks & Reviews.
DraftKings PointsBet BetMGM William Hill FanDuel Parx FOX Bet.
The Action Network.
DOWNLOAD MOBILE APPS.
Copyright 2021 ?© Action Network Inc, All Rights Reserved. | |
DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.

Sports Betting Odds.
Sports Betting Odds Explained.
Many people don??™t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called ???American Odds???. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a ??“ sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 ??“ $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won??™t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

How Do Odds Work in Betting?
If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds.
How Fractional Odds Work.
Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a ???slash (/)??? or a ???hyphen (-),??? e.g. 6/1 or 6-1 and announced as ???six-to-one.??? Fractional odds are used by some of the world??™s largest bookmakers, making them the most preferred odds across the globe.
Therefore, the total (potential) return on a stake can be stated as:
For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.
Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1.
It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet.
In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800.
How Decimal Odds Work.
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
The total (potential) return on a stake can be calculated as:
For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker.
Donald Trump: 4.00 Joe Biden: 1.3.
These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300.
Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned.
Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win.
How American (Moneyline) Odds Work.
Let??™s understand this with the help of an example:
One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds.
In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.
Key Takeaways.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
The Bottom Line.
If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.

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?»?Betting Odds Explained ??“ A Beginner??™s Guide to Gambling.
Betting odds tell you how likely an event is to happen They also tell you how much money you will win However, at first, they may seem confusing and complex Our comprehensive guide takes you step-by-step to explain them.
If you??™re new to betting, one of the first things you should do is learn how betting odds work. It??™s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you.
In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
What is Probability?
The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money. For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes. Therefore, if you bet that the person rolls a ???one??™, there is a 16.67% chance that will happen. What betting odds merely do is present how likely the event is to happen. Bookies most frequently in the UK do this as a fraction, i.e. 4/7, whilst the vast majority also offer the ability to view them as decimals. Again, let us talk you through them. All will become clear.
Using Betting Odds to Calculate Probability.
Whenever you see two numbers separated by a trailing slash, i.e. 10/1, this is known as fractional odds. From this, you can calculate how likely a given event is to happen with a calculation. For ease of explanation, let??™s replace the numbers with letters i.e. 4/1 becomes A/B. Here is the calculation: Probability (%) = B / (A+B).
Hooray! We??™re making progress. Given a fraction, we can now tell how likely (the probability) what we??™re going to bet on will happen. Now let??™s figure out how much money can be won using betting odds.
Using Betting Odds to Calculate Winnings.
Betting odds allow you to calculate how much money you will win if you make a bet. Let??™s use the same examples as before, with the same replacement of numbers for letters, i.e. 4/1 becomes A/B. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake.
9/1 for every ??1 you bet, you will win ??9. 4/1 for every ??1 you bet, you will win ??4. 1/1 for every ??1 you bet, you will win ??1. 1/4 for every ??4 you bet, you will win ??1.
What About Decimals?
Decimals are far more common on exchanges, such as Betfair, but all leading betting sites do give you the option to view betting odds in this format. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out. Here is the calculation: winnings = (odds * stake) ??“ stake. Let??™s illustrate it with some examples.
9.0 can be calculated as (9.0 * ??10 stake) ??“ ??10 stake = ??80 winnings. 4.0 can be calculated as (4.0 * ??10 stake) ??“ ??10 stake = ??30 winnings. 2.5 can be calculated as (2.5 * ??10 stake) ??“ ??10 stake = ??15 winnings. 1.25 can be calculated as (1.25 * ??10 stake) ??“ ??10 stake = ??2.50 winnings.
You can use our bet calculator to help you calculate winnings. USE BET CALCULATOR.
Decimal Odds Versus Fractional Odds.
In truth, one isn??™t better than the other but there is certainly a trend emerging towards decimal odds. Historically fractional odds were used in the UK, especially on racetracks and on the high street. There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. Now, they??™re largely all in decimals. Don??™t hesitate to check out our exclusive Premier League Betting Offers !
The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. For odds to change slightly, it??™s really difficult to marginally increase or decrease the probability without creating large fractions which are hard to compute for the punter.
Use Our Tool to Convert Betting Odds Into Your Favourite Format.
Our odds converter tool will allow you see odds in whatever format you like . Not only that, but it??™ll tell you how likely the selection is to win!
In Summary.
Next steps.
That??™s it! Hopefully, that clears up betting odds. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win.
Found this article useful? We have loads more similar ones in our learning section . Here are some popular ones; Find out if using tipsters can improve your chances of winning Each way betting explained Learn what laying a bet means Understand how handicap betting works Our homepage lists all available betting sites for new customers .

Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it??™s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you??™re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That??™s because of the vig, which is a sportsbook??™s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you??™re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
NFL Odds & Betting Lines NBA Odds & Betting Lines College Football Odds & Betting Lines College Basketball Odds & Betting Lines MLB Odds & Betting Lines NHL Odds & Betting Lines.
Expert Picks.
NFL Picks & Analysis NBA Picks & Analysis College Football Picks & Analysis College Basketball Picks & Analysis MLB Picks & Analysis NHL Picks & Analysis.
Online Sports Betting News & Offers.
State Legalization Tracker Colorado New Jersey Pennsylvania Indiana West Virginia Tennessee Illinois Michigan Virginia Iowa.
Best Online Sportsbooks & Reviews.
DraftKings PointsBet BetMGM William Hill FanDuel Parx FOX Bet.
The Action Network.
DOWNLOAD MOBILE APPS.
Copyright 2021 ?© Action Network Inc, All Rights Reserved. | |
DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.

Sports Betting Odds.
Sports Betting Odds Explained.
Many people don??™t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called ???American Odds???. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a ??“ sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 ??“ $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won??™t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

How Do Odds Work in Betting?
If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds.
How Fractional Odds Work.
Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a ???slash (/)??? or a ???hyphen (-),??? e.g. 6/1 or 6-1 and announced as ???six-to-one.??? Fractional odds are used by some of the world??™s largest bookmakers, making them the most preferred odds across the globe.
Therefore, the total (potential) return on a stake can be stated as:
For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.
Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1.
It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet.
In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800.
How Decimal Odds Work.
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
The total (potential) return on a stake can be calculated as:
For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker.
Donald Trump: 4.00 Joe Biden: 1.3.
These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300.
Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned.
Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win.
How American (Moneyline) Odds Work.
Let??™s understand this with the help of an example:
One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds.
In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.
Key Takeaways.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
The Bottom Line.
If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.

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These days, people are looking for the ways to make money online. An online sport betting is one of the best ways for those who want to earn more and more. Now, with the help of the sports betting site, you can stream your sports event and enjoy your favorite game without any hassle. All the online casinos offer sports betting in all the sports. Therefore, you have the option to choose your favorite game without any hassle. Moreover, you have the option to invest as per your needs on more than one game at a time. To avoid any scam or fraud, you must look for the ways through which you can enjoy safe gambling. This is the best way to be safe and secure and to make money online.
Browse online and get the list of the sports betting sites. You need to check the reliability of the casinos. For this purpose, you need to look for the reviews of the customers. At the point when you visit surveys on the web, you become acquainted with which of the bookmarkers are reliable. These reviews will guide you about the correct reputation of the casino. It pays to lead your own examination to guarantee that you settle on the correct decision. Exploring alone can consume your time and you may think that its troublesome getting data, however it is a value you should try not to fall into some unacceptable hands.
There are plenty of casinos that expand their payment procedures with the plenty of payment options that these are available to their clients. Their payment procedure can differentiate them from others. These casinos offer plenty of payment methods for the convenience of the clients such as e-wallet, cheques, bank transfers, cards and many others.
An easy strategy that can make your game easier and interesting is the bookies. They are available with the software online to deal the customers. In this way these bookies make the accounts of player and tell them to play safe and secure. These accounts offer convenience for the players and they can easily bet through this software on web. It is very simple that these bookies can check all the players how much they win and lose in the game. It is easier way to collect and pay them according to the account.
Online Casinos are offering an excellent bookies service along with great gambling facility. It is their proud that they are presenting a wide variety of products for the great selection of customers. They convey a great deal of quick betting by booking the player online to all kinds of betting. Their main objective is to facilitate you as per your comfort in terms of quality and prices. You can purchase all the required accounts and games at really affordable prices with our any hesitation.
The online casinos have been offering bookies for the convenience of the clients. These bookies are enriched with the wealth of experience that they are well aware how to serve their clients at the best level. The online casinos are offering competitive prices for the extreme convenience of the clients. It is their mission to full fill your requirements as per your demand so they are here to deliver your order quickly because they assure you our fast delivery services.
Online gambling is getting very famous these days because it seems an easier way to do betting at your pace. It is admired by the majority of the gamblers due to the quick access. There are several websites like ??????????¦¬??¤ and it will provide you a great fun and satisfy your instinct of gambling.

Becoming a Sports Betting Pro Is a Long, Slow Process.
To most sports gamblers, a professional bettor seems to have a perfect life. They wager on sports for a living, make their own hours, and earn serious profits.
That said, professional sports gambling may seem like a glorious career. However, it actually involves a long and slow climb to the top.
This guide discusses the realistic points of the path towards becoming a success when betting on sports. It also covers the small edges and long hours that gamblers must put it into turning pro.
Professional Sports Bettors Deal With Small Edges.
When the general population envisions an expert sports bettor, they think of somebody who makes thousands of dollars with every wager.
They probably also picture a gambler who just can??™t seem to lose night after night. The reality, though, is much different than this.
Instead, they have a small edge that they exploit through large bets.
Many sports gamblers consider themselves successful if they win 50% of their wagers at -110 odds. Of course, gamblers can win more far more bets against the sportsbooks if they back heavy favorites (e.g. -300 or better).
But -110 is a nice measuring stick for how successful you are in terms of win-loss percentage. Even if you win 50% of the time at these odds, though, you still won??™t be making profits.
After all, you need to take the juice into account. A bookmaker takes 10% from the losing side in a -110 wager, meaning a 50% win rate won??™t get it done.
Some handicappers claim they correctly guess over 60% of their sports betting picks. However, no handicapper or professional sustains such a win rate in the long run.
At best, one can only expect to be successful on 55% of their bets long term. This win rate certainly isn??™t the 80% mark that many would envision for a pro.
You Can??™t Expect to Win Big With a Small Bankroll.
You won??™t get very far if you have a 53% to 55% win rate and are only placing $10 bets. You can??™t even earn a dollar profit from each wager at this rate.
You need to exploit your long-term edge with big bets in order to make serious profits.
Here??™s an example on how much you might win as a lower-level pro:
Unless you strictly bet point spreads, most profitable opportunities that you find aren??™t going to be at exactly -110 odds. But I keep referring to these odds because they make for the simplest examples.
You also need to capitalize with large wagers as well. You can only place these big bets if you have the bankroll to do so.
You Must Build Your Skills & Bankroll.
Sports gambling definitely isn??™t something that you jump right into and immediately conquer. Instead, it requires you to put long hours into the matter.
You??™re most likely not going to win right away. Therefore, you want to study general sports betting strategy while slowly increasing your bankroll at the same time.
You also need to work on your handicapping skills.
This way, you won??™t lose too much money if your betting skills aren??™t yet up to par.
All the while, you should also be slowly adding to your bankroll. This process involves saving money and using it to build your gambling funds.
You probably don??™t have $50,000 or $100,000 just sitting around for gambling purposes. But you can build up to this amount through a combination of steady investments and improving your skills.
Eventually, You Need to Increase Your Bet Sizes.
I highly advise that you don??™t jump into sports gambling and start placing $1,000 wagers right away. Eventually, though, you want to up your bet sizes to make more money.
With a large enough bankroll, you may even theoretically earn thousands of dollars per wager.
Of course, you want that bankroll to back up those huge bets.
Otherwise, the volatility could ruin your betting career.
Therefore, you should put serious consideration into your bankroll size. Here??™s an example:
You want to place $500 bets. You also want a bankroll with at least 100 units to survive the volatility. You??™ll risk 1-3 units on each match, depending upon how confident you are. 500 x 100 = 50,000 You should start with at least $50,000 (100 units at $500 apiece).
Can You Grind From a Low Roller Into a Pro Bettor?
If you??™re like most amateur online bettors, you??™ll probably start with a $50 or $100 deposit. These amounts give you just enough money to make several bets on the games you watch.
However, you may also have aspirations of turning your small bankroll into a fortune someday.
The odds are definitely against you depositing $100 and eventually becoming a top pro. Then again, though, everybody has to start somewhere.
The reason why most sports bettors feel this way comes down to two aspects:
They fail to put the work into strategy and handicapping. They exercise poor bankroll management.
Sure, everybody who sets out on the road towards professional gambling blames bad luck or external factors for their failures. In reality, though, the average bettor is lazy and impatient.
They don??™t want to put an hour into handicapping a single bet. They want to put five minutes into handicapping 12 wagers and pray that they??™ll win most of the bets.
Furthermore, the typical sports gambler doesn??™t wish to grind their way up towards larger wagers. They want to quickly increase their bet sizes and take shots at the big time.
Long story short, it??™s possible to go from a small initial deposit to becoming a professional gambler. But you also need discipline, patience, and steady investments into your bankroll.
Most gamblers aren??™t willing to make these sacrifices. That said, it can sometimes feel impossible grinding up towards pro status.
Tips for Starting on the Path to Becoming a Pro.
As discussed throughout this post, you??™re not going to become a professional bettor overnight. But you can at least get started on the right path by following the tips below.
Save Up for a Starting Bankroll.
A $100 bankroll isn??™t going to help you become a professional gambler. Even a $1,000 bankroll won??™t do the trick.
You need a sizable bankroll so that you can make large bets and survive potential losing streaks. The amount needed all varies based on how much you want to get out of sports betting.
Of course, you don??™t have to put your betting activities on hold just because you don??™t have a small fortune.
Instead, you can learn the ropes by making small bets while slowly adding to your bankroll on the side. If you save up enough money, you??™ll eventually be able to become a serious pro.
Break Your Bankroll Down Into Units.
Most professionals don??™t look at their bets in terms of dollars. Instead, they break their bankrolls down into units.
If you normally wager $100 per bet, then your unit size will be $100.
Of course, you??™ll likely bet more than $100 when you feel extremely confident about an outcome. Therefore, you might risk 2-3 units in these situations.
In any a case, here??™s an example on how to break your bankroll down into units:
You have a bankroll worth $75,000. You want 100 units. 75,000 / 100 = 750 Each unit size will be worth $750.
Narrow Your Focus.
You might be tempted to bet on multiple markets. After all, wagering on a variety of sports is more entertaining than just one or two.
But the goal here is mastery. You stand a much better chance of making profits someday if you truly know a market.
Going further, you should also pay attention to a specific division rather than constantly trying to scout an entire league. If you know one division extremely well, then you??™ll be an expert on matches involving that division.
Never Stop Studying.
Sports betting is fun because you may never truly master it. You could dedicate a lifetime to this pursuit and still get fooled by the bookies sometimes.
That said, you have lots of room to grow with betting. If you truly dream of becoming a professional, you should constantly be studying general strategies and handicapping tips.
As long as you never stop researching advice, you??™ll improve over time. Improve enough, and you could very well make a nice living off of sports gambling.
Conclusion.
Sports gambling may seem like a quick path to riches for skilled bettors. But in reality, it??™s a long journey that involves lots of planning and patience.
You can??™t go from zero to 60 and expect to win big right away. Instead, you should grind your way up the ladder while slowly adding money to your bankroll.
With this approach, you can improve your handicapping efforts while also building your gambling funds. You should also steadily increase your bet sizes??”especially as you develop an advantage.
Rex Hoffman is a passionate sports writer, with over five years of experience covering sports journalism in line with the Vegas betting landscape. His favorite subjects include football, basketball, and baseball. As a Las Vegas resident, he enjoys finding an edge against the local sportsbooks and aims to share his extensive knowledge with both beginners and experienced bettors. Rex also dabbles in horse racing wagering and enjoys typical casino fare like blackjack and poker in his spare time.
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How to Bet on Sports for Beginners: 12 Tips to Know.
Suchat Pederson/The News Journal via USA TODAY NETWORK.
Over the past few years, the emergence of daily fantasy sports has led to a renaissance for conventional sports betting. The anti-gambling stigma that existed for decades is fading in American popular culture, opening the door for a massive, multibillion-dollar legal sports betting industry to emerge.
With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time. But where do you begin if you??™re unfamiliar with the terminology?
Here??™s an introduction into how to bet on sports. We??™ll be adding to this series in the coming weeks.
How to Bet on Sports for Beginners: 12 Tips.
Use the links below to jump to each section.
1. Favorites vs. Underdogs.
When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog.
The favorite is the team that is expected to win the game and will get a minus sign next to its odds, while the underdog is expected to lose and gets a plus sign. If the game is a toss-up, books will open it as a ???pick??? or ???pick??™em.??? Click to return to table of contents .
2. Spreads.
There are two main ways to bet on a favorite or an underdog. The first is the point spread, which is a bet on the margin of victory. A favorite ???gives??? points, while an underdog ???gets??? points.
For example, say the Patriots are 7-point favorites (-7) against the Jets.
If you bet on the Patriots, they need to win the game by 8 points or more for you to win your bet. If the Patriots win by 8 points or more, you ???cover.??? If the Patriots win by exactly 7 points, that is called a ???push,??? which means you get back the money you originally bet.
If the Patriots win by 6 points or fewer (or lose the game straight-up), you lose your bet.
Spreads are available for all sports, but they are predominantly used when betting on higher-scoring sports like football and basketball.
3. Moneylines.
The second way to bet on a favorite or an underdog is on the moneyline. This is based solely on which team will win the game.
Favorites are given a ???minus??? designation, such as -150, -200 or -500. If a favorite is -200, that means you have to risk $200 to win $100. If the favorite wins, you get $100, but if the favorite loses, you??™re out $200.
Because favorites are expected to win, you assume more risk when betting on them.
Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer.
4. Over/Unders (Totals)
In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. This is called the total or over/under.
Bettors can then wager on whether or not the game will go Over or Under the total.
For example, an NBA game between the Celtics and Bulls might have a total of 215. You could either bet the Over 215 or the Under 215. If you bet the Over 215 and the total points scored end up being 216 or higher, you win your bet. If the total points scored are 214 or fewer, you lose.
5. What Is the -110 Number Listed Next to My Bet?
The oddsmakers put a ???tax??? on every bet, which is typically called the ???juice??? or ???vig??? (short for ???vigorish???). The juice is the commission you have to pay to the sportsbook for them to accept your wager.
Say the Duke Blue Devils are -5 (-110) ??¦ that means if you want to bet on Duke as a 5-point favorite, you need to risk $110 to win $100.
You always have to risk more on a favorite than you??™d win on an underdog??¦otherwise, sportsbooks would be out of business.
6. How to Place a Bet.
With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of. To see if sports betting is legal where you live, check out our state-by-state tracker.
Some of the biggest states that have legalized mobile wagering include Colorado, New Jersey, Pennsylvania, Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online.

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These days, people are looking for the ways to make money online. An online sport betting is one of the best ways for those who want to earn more and more. Now, with the help of the sports betting site, you can stream your sports event and enjoy your favorite game without any hassle. All the online casinos offer sports betting in all the sports. Therefore, you have the option to choose your favorite game without any hassle. Moreover, you have the option to invest as per your needs on more than one game at a time. To avoid any scam or fraud, you must look for the ways through which you can enjoy safe gambling. This is the best way to be safe and secure and to make money online.
Browse online and get the list of the sports betting sites. You need to check the reliability of the casinos. For this purpose, you need to look for the reviews of the customers. At the point when you visit surveys on the web, you become acquainted with which of the bookmarkers are reliable. These reviews will guide you about the correct reputation of the casino. It pays to lead your own examination to guarantee that you settle on the correct decision. Exploring alone can consume your time and you may think that its troublesome getting data, however it is a value you should try not to fall into some unacceptable hands.
There are plenty of casinos that expand their payment procedures with the plenty of payment options that these are available to their clients. Their payment procedure can differentiate them from others. These casinos offer plenty of payment methods for the convenience of the clients such as e-wallet, cheques, bank transfers, cards and many others.
An easy strategy that can make your game easier and interesting is the bookies. They are available with the software online to deal the customers. In this way these bookies make the accounts of player and tell them to play safe and secure. These accounts offer convenience for the players and they can easily bet through this software on web. It is very simple that these bookies can check all the players how much they win and lose in the game. It is easier way to collect and pay them according to the account.
Online Casinos are offering an excellent bookies service along with great gambling facility. It is their proud that they are presenting a wide variety of products for the great selection of customers. They convey a great deal of quick betting by booking the player online to all kinds of betting. Their main objective is to facilitate you as per your comfort in terms of quality and prices. You can purchase all the required accounts and games at really affordable prices with our any hesitation.
The online casinos have been offering bookies for the convenience of the clients. These bookies are enriched with the wealth of experience that they are well aware how to serve their clients at the best level. The online casinos are offering competitive prices for the extreme convenience of the clients. It is their mission to full fill your requirements as per your demand so they are here to deliver your order quickly because they assure you our fast delivery services.
Online gambling is getting very famous these days because it seems an easier way to do betting at your pace. It is admired by the majority of the gamblers due to the quick access. There are several websites like ??????????¦¬??¤ and it will provide you a great fun and satisfy your instinct of gambling.

Becoming a Sports Betting Pro Is a Long, Slow Process.
To most sports gamblers, a professional bettor seems to have a perfect life. They wager on sports for a living, make their own hours, and earn serious profits.
That said, professional sports gambling may seem like a glorious career. However, it actually involves a long and slow climb to the top.
This guide discusses the realistic points of the path towards becoming a success when betting on sports. It also covers the small edges and long hours that gamblers must put it into turning pro.
Professional Sports Bettors Deal With Small Edges.
When the general population envisions an expert sports bettor, they think of somebody who makes thousands of dollars with every wager.
They probably also picture a gambler who just can??™t seem to lose night after night. The reality, though, is much different than this.
Instead, they have a small edge that they exploit through large bets.
Many sports gamblers consider themselves successful if they win 50% of their wagers at -110 odds. Of course, gamblers can win more far more bets against the sportsbooks if they back heavy favorites (e.g. -300 or better).
But -110 is a nice measuring stick for how successful you are in terms of win-loss percentage. Even if you win 50% of the time at these odds, though, you still won??™t be making profits.
After all, you need to take the juice into account. A bookmaker takes 10% from the losing side in a -110 wager, meaning a 50% win rate won??™t get it done.
Some handicappers claim they correctly guess over 60% of their sports betting picks. However, no handicapper or professional sustains such a win rate in the long run.
At best, one can only expect to be successful on 55% of their bets long term. This win rate certainly isn??™t the 80% mark that many would envision for a pro.
You Can??™t Expect to Win Big With a Small Bankroll.
You won??™t get very far if you have a 53% to 55% win rate and are only placing $10 bets. You can??™t even earn a dollar profit from each wager at this rate.
You need to exploit your long-term edge with big bets in order to make serious profits.
Here??™s an example on how much you might win as a lower-level pro:
Unless you strictly bet point spreads, most profitable opportunities that you find aren??™t going to be at exactly -110 odds. But I keep referring to these odds because they make for the simplest examples.
You also need to capitalize with large wagers as well. You can only place these big bets if you have the bankroll to do so.
You Must Build Your Skills & Bankroll.
Sports gambling definitely isn??™t something that you jump right into and immediately conquer. Instead, it requires you to put long hours into the matter.
You??™re most likely not going to win right away. Therefore, you want to study general sports betting strategy while slowly increasing your bankroll at the same time.
You also need to work on your handicapping skills.
This way, you won??™t lose too much money if your betting skills aren??™t yet up to par.
All the while, you should also be slowly adding to your bankroll. This process involves saving money and using it to build your gambling funds.
You probably don??™t have $50,000 or $100,000 just sitting around for gambling purposes. But you can build up to this amount through a combination of steady investments and improving your skills.
Eventually, You Need to Increase Your Bet Sizes.
I highly advise that you don??™t jump into sports gambling and start placing $1,000 wagers right away. Eventually, though, you want to up your bet sizes to make more money.
With a large enough bankroll, you may even theoretically earn thousands of dollars per wager.
Of course, you want that bankroll to back up those huge bets.
Otherwise, the volatility could ruin your betting career.
Therefore, you should put serious consideration into your bankroll size. Here??™s an example:
You want to place $500 bets. You also want a bankroll with at least 100 units to survive the volatility. You??™ll risk 1-3 units on each match, depending upon how confident you are. 500 x 100 = 50,000 You should start with at least $50,000 (100 units at $500 apiece).
Can You Grind From a Low Roller Into a Pro Bettor?
If you??™re like most amateur online bettors, you??™ll probably start with a $50 or $100 deposit. These amounts give you just enough money to make several bets on the games you watch.
However, you may also have aspirations of turning your small bankroll into a fortune someday.
The odds are definitely against you depositing $100 and eventually becoming a top pro. Then again, though, everybody has to start somewhere.
The reason why most sports bettors feel this way comes down to two aspects:
They fail to put the work into strategy and handicapping. They exercise poor bankroll management.
Sure, everybody who sets out on the road towards professional gambling blames bad luck or external factors for their failures. In reality, though, the average bettor is lazy and impatient.
They don??™t want to put an hour into handicapping a single bet. They want to put five minutes into handicapping 12 wagers and pray that they??™ll win most of the bets.
Furthermore, the typical sports gambler doesn??™t wish to grind their way up towards larger wagers. They want to quickly increase their bet sizes and take shots at the big time.
Long story short, it??™s possible to go from a small initial deposit to becoming a professional gambler. But you also need discipline, patience, and steady investments into your bankroll.
Most gamblers aren??™t willing to make these sacrifices. That said, it can sometimes feel impossible grinding up towards pro status.
Tips for Starting on the Path to Becoming a Pro.
As discussed throughout this post, you??™re not going to become a professional bettor overnight. But you can at least get started on the right path by following the tips below.
Save Up for a Starting Bankroll.
A $100 bankroll isn??™t going to help you become a professional gambler. Even a $1,000 bankroll won??™t do the trick.
You need a sizable bankroll so that you can make large bets and survive potential losing streaks. The amount needed all varies based on how much you want to get out of sports betting.
Of course, you don??™t have to put your betting activities on hold just because you don??™t have a small fortune.
Instead, you can learn the ropes by making small bets while slowly adding to your bankroll on the side. If you save up enough money, you??™ll eventually be able to become a serious pro.
Break Your Bankroll Down Into Units.
Most professionals don??™t look at their bets in terms of dollars. Instead, they break their bankrolls down into units.
If you normally wager $100 per bet, then your unit size will be $100.
Of course, you??™ll likely bet more than $100 when you feel extremely confident about an outcome. Therefore, you might risk 2-3 units in these situations.
In any a case, here??™s an example on how to break your bankroll down into units:
You have a bankroll worth $75,000. You want 100 units. 75,000 / 100 = 750 Each unit size will be worth $750.
Narrow Your Focus.
You might be tempted to bet on multiple markets. After all, wagering on a variety of sports is more entertaining than just one or two.
But the goal here is mastery. You stand a much better chance of making profits someday if you truly know a market.
Going further, you should also pay attention to a specific division rather than constantly trying to scout an entire league. If you know one division extremely well, then you??™ll be an expert on matches involving that division.
Never Stop Studying.
Sports betting is fun because you may never truly master it. You could dedicate a lifetime to this pursuit and still get fooled by the bookies sometimes.
That said, you have lots of room to grow with betting. If you truly dream of becoming a professional, you should constantly be studying general strategies and handicapping tips.
As long as you never stop researching advice, you??™ll improve over time. Improve enough, and you could very well make a nice living off of sports gambling.
Conclusion.
Sports gambling may seem like a quick path to riches for skilled bettors. But in reality, it??™s a long journey that involves lots of planning and patience.
You can??™t go from zero to 60 and expect to win big right away. Instead, you should grind your way up the ladder while slowly adding money to your bankroll.
With this approach, you can improve your handicapping efforts while also building your gambling funds. You should also steadily increase your bet sizes??”especially as you develop an advantage.
Rex Hoffman is a passionate sports writer, with over five years of experience covering sports journalism in line with the Vegas betting landscape. His favorite subjects include football, basketball, and baseball. As a Las Vegas resident, he enjoys finding an edge against the local sportsbooks and aims to share his extensive knowledge with both beginners and experienced bettors. Rex also dabbles in horse racing wagering and enjoys typical casino fare like blackjack and poker in his spare time.
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How to Bet on Sports for Beginners: 12 Tips to Know.
Suchat Pederson/The News Journal via USA TODAY NETWORK.
Over the past few years, the emergence of daily fantasy sports has led to a renaissance for conventional sports betting. The anti-gambling stigma that existed for decades is fading in American popular culture, opening the door for a massive, multibillion-dollar legal sports betting industry to emerge.
With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time. But where do you begin if you??™re unfamiliar with the terminology?
Here??™s an introduction into how to bet on sports. We??™ll be adding to this series in the coming weeks.
How to Bet on Sports for Beginners: 12 Tips.
Use the links below to jump to each section.
1. Favorites vs. Underdogs.
When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog.
The favorite is the team that is expected to win the game and will get a minus sign next to its odds, while the underdog is expected to lose and gets a plus sign. If the game is a toss-up, books will open it as a ???pick??? or ???pick??™em.??? Click to return to table of contents .
2. Spreads.
There are two main ways to bet on a favorite or an underdog. The first is the point spread, which is a bet on the margin of victory. A favorite ???gives??? points, while an underdog ???gets??? points.
For example, say the Patriots are 7-point favorites (-7) against the Jets.
If you bet on the Patriots, they need to win the game by 8 points or more for you to win your bet. If the Patriots win by 8 points or more, you ???cover.??? If the Patriots win by exactly 7 points, that is called a ???push,??? which means you get back the money you originally bet.
If the Patriots win by 6 points or fewer (or lose the game straight-up), you lose your bet.
Spreads are available for all sports, but they are predominantly used when betting on higher-scoring sports like football and basketball.
3. Moneylines.
The second way to bet on a favorite or an underdog is on the moneyline. This is based solely on which team will win the game.
Favorites are given a ???minus??? designation, such as -150, -200 or -500. If a favorite is -200, that means you have to risk $200 to win $100. If the favorite wins, you get $100, but if the favorite loses, you??™re out $200.
Because favorites are expected to win, you assume more risk when betting on them.
Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer.
4. Over/Unders (Totals)
In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. This is called the total or over/under.
Bettors can then wager on whether or not the game will go Over or Under the total.
For example, an NBA game between the Celtics and Bulls might have a total of 215. You could either bet the Over 215 or the Under 215. If you bet the Over 215 and the total points scored end up being 216 or higher, you win your bet. If the total points scored are 214 or fewer, you lose.
5. What Is the -110 Number Listed Next to My Bet?
The oddsmakers put a ???tax??? on every bet, which is typically called the ???juice??? or ???vig??? (short for ???vigorish???). The juice is the commission you have to pay to the sportsbook for them to accept your wager.
Say the Duke Blue Devils are -5 (-110) ??¦ that means if you want to bet on Duke as a 5-point favorite, you need to risk $110 to win $100.
You always have to risk more on a favorite than you??™d win on an underdog??¦otherwise, sportsbooks would be out of business.
6. How to Place a Bet.
With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of. To see if sports betting is legal where you live, check out our state-by-state tracker.
Some of the biggest states that have legalized mobile wagering include Colorado, New Jersey, Pennsylvania, Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online.

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