How to Read Odds in Sports Betting — American Odds US Bookies. Understanding odds is essential to successful betting. A rating of the top American sportsbooks based on the margin size calculated from real odds offered on real events.
- Understanding American Betting Odds
- American Odds Explained
- How To Read American Odds
- Understanding Odds Of Winning
- Understanding Odds In Horse Racing
One of the basics of sports betting is understanding the various types of odds you can find.
- This video explains in brief detail how decimal odds work, and how you can apply this information when betting online. Check out our website http.
- Understanding how to read odds is a crucial step to becoming a successful sports bettor. From determining how much money you want to wager to figuring out which bets offer the most value, it all starts with a solid understanding of the odds. What Are American, Decimal, & Fractional Odds?
It may seems hard to realize that the odds of 1.80, -125 and 4/5 are actually the same… but in reality it’s not that difficult to understand how it works.
These are the 3 main types of odds you can find:
- Decimal Odds (European)
- American Odds (US)
- Fractional Odds (UK)
Decimal Odds (European)
This is for me the most simple way to look and understand odds… (I’m European…) It expresses the pay-out amount that you would receive from a $1 bet (including the original stake).
Imagine that the odds are 1.80 and your stake is $100. If you win your bet, you will receive $100 x 1.8 = $180 and your profit will be $80.
Some features of this type of odds:
Understanding American Betting Odds
- Decimal odds are always higher than 1.
- Favorites have odds between 1 and 2.
- Underdog have odds higher than 2.
American Odds Explained
A strong favorite can have odds as low as 1.1… You can find this in soccer. For example, Barcelona playing against Zaragoza at home. In NBA you can also find very low money lines odds, as low as 1.2 or 1.3 (The Heats against the Bobcats at home).
How To Read American Odds
The inverse of decimal odds is the implicit probability. If one team has an odd of 1.80 the probability of wining is 55.56%.
Formulas:
- Pay-out = Stake * Decimal Odds
- Winning = Stake * (Decimal Odds – 1)
- Probability = 1 / Decimal Odds
American odds (US)
With this type of odds you’ll find numbers always greater than or equal to 100 preceded with a ‘+’ or ‘-‘ sign. Note that these signs are not mathematical signs. A negative sign indicates that your winning is less than your stake and a positive sign indicates that your winning is more than your stake. This signs also indicate which team is the favorite (‘-‘ sign) and which is the underdog (‘+’ sign).
Using other words, a negative number expresses the dollar amount that you need to wager in order to win $100, while a positive number expresses the dollar amount that you win from a $100 wager.
Examples:
- If the odd is -120 this means that you need to bet $120 to win $100.
- If the odd is +140 this means that if you bet $100 you win $140.
Formulas:
- Winning = Stake * 100/negative American Odds or Winning = Stake * positive American Odds/100
- Pay-out = Stake * (100/negative American Odds + 1) or Pay-out = Stake * (positive American Odds/100 + 1)
Fractional odds (UK)
It expresses the fraction of a dollar that would be won from a $1 bet. For example, odds of 10/11 mean that $100 will be won with a stake of $110 units.
Understanding Odds Of Winning
Formulas:
Understanding Odds In Horse Racing
- Winning = Stake * Fraction Odds
- Pay-out = Stake * (Fraction Odds + 1)
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