![]() ![]() ![]() There will not be a plus or minus sign next to these odds, and it will always be a positive number. You will generally only see decimal odds in Europe, and they are a quick way to ascertain how much your bet will pay out. With decimal odds, you will see the amount that is factored into one all-inclusive number. How do decimal odds work?ĭecimal odds represent the same thing as American odds and fractional odds, but again they are formatted differently. In the case of 2/1 odds, the numerator is two, while the denominator is one. The fraction’s numerator (the amount you would win) is listed first, while the denominator (what you are wagering) is listed second. Fractional odds are the amount you would win divided by the amount you are wagering. Some may consider this method of representing odds to be simpler. Whereas in American odds, you might see +200, the fractional equivalent is 2/1. Still, they work the same as American odds and are just represented differently. They are more common in the UK and throughout Europe. You will generally not see fractional odds in the United States outside of horse racing or Futures markets. This means that on either side you need to bet $110 to win $100. With point spread betting, you will generally see both sides at -110, which is how the house receives vigorish. This means you need to bet $140 on the favorite to win $100, whereas a $100 bet on the underdog will win you $120 dollars. On the money line, you might see that a favorite is -140, while an underdog might be +120. Even with point spread betting, you will see odds since sportsbooks must still receive vigorish, or “vig”. You will see a plus (+) sign next to the odds for underdogs and a minus (-) sign next to the odds for favorites. These are easy to identify as they come in a plus/minus format. If you are betting in the US you will generally see American odds. Here we will look at the various betting odds and break them down in detail. With point spreads, the point differential takes care of this, and you will more likely receive close to even money on either side. ![]() When betting on a considerable underdog that wins you will receive considerably more money on the money line than when betting on a successful favorite. In contrast, point spread odds introduce a point differential to even the playing field. Money line odds represent whether a team/player will win the game/match outright. They can be listed in various forms, including American odds, fractional odds and decimal odds, and all essentially represent the same concept, though formatted differently. Odds represent how likely a team or player is to come out ahead in a game or match. Understanding betting odds is the most crucial factor in sports betting and is paramount if you want to bet on sports effectively. If you are looking for betting odds explained in an easy-to-understand fashion, then you have come to the right place. Betting odds explained – how to read betting odds Therefore, the first step is to understand how betting odds work. The name of the game when trying to win money betting on sports is to find odds that give you a favorable chance to win. There is nothing more important in all sports betting than understanding betting odds. ![]()
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