12/29/2023 0 Comments Explanation of sports betting odds![]() ![]() ![]() For example, if the odds are 5/1, it means that for every $1 you bet, you will receive a profit of $5 if your bet is successful. Fractional odds are represented as a fraction and indicate the potential profit in relation to the initial stake. For example, if the odds are 1.5, it means that for every dollar you bet, you will receive a total of $1.50 if your bet is successful. Conversely, if a team has +150 odds, it means you would win $150 if you bet $100.ĭecimal odds are represented as a decimal and indicate the total payout, including the initial stake. For example, if a team has -150 odds, it means you would need to bet $150 to win $100. ![]() The negative number indicates the favorite, and the positive number indicates the underdog. The most common types of odds are American odds, decimal odds, and fractional odds.Īmerican odds are also known as MoneyLine odds and are represented by a positive or negative number. They are typically represented as a ratio, a fraction, or a decimal. Sports betting odds essentially express the likelihood of a particular outcome in a sporting event. ![]()
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