Easy Sports Betting Odds Guide

Three Main Types of Betting Odds

American Odds

American odds use the plus (+) and minus (-) signs to tell us what you could win or what you must bet. A minus sign means how much you bet to get $100, and a plus sign tells what you could win from a $100 bet. For example, -150 odds mean bet $150 to win $100, and +150 odds mean win $150 from a $100 bet.

Decimal Odds

Decimal odds give your total win with your first bet. If you see odds like 2.50, multiply your bet by this to find how much you get back. A $100 bet at 2.50 odds gives you $250 back ($150 win and your $100 bet).

Fractional Odds

Fractional odds, used a lot in UK betting, show profit by units per bet. With 3/1 odds, you win three units for each unit you bet. This means a $100 bet at 3/1 gives you $300 win plus your first $100 back.

How to Change Odds Types

Many good bettors switch odds types to see value. To change American odds to decimal, do some easy math: for plus odds, divide by 100 and add 1; for minus odds, divide 100 by the number and add 1. This can help find good deals in bets all over.

Using Implied Probability

Implied probability tells the chance of an event by the odds. This skill helps you see good bets by weighing the bookmaker’s chance against your opinion. Turn odds into percentages to make wise choices in betting.

Deep Dive into Sports Betting Odds

Basics of Sports Betting Odds

Sports betting odds are key figures. They show the chance of things happening in games. These numbers tell you what you might win and are central to any sports bet.

Bookmakers use these odds to keep their risk low while giving bettors a clear view on potential wins from their bets 메이저사이트

Major Betting Odds Types

American Odds

American odds use plus (+) and minus (-) signs and are common in North American betting. A plus tells possible wins on a $100 bet, and a minus says what you need to bet to win $100. For example:

• +150: A $100 bet wins $150
• -200: Must bet $200 to win $100

Decimal Odds

Decimal odds are popular in Europe and Australia. These simple multipliers show all you get back per bet, including your first stake. For instance, a 2.50 decimal odd means a $100 bet gets you $250 total back.

Fractional Odds

Fractional odds, often seen in Britain, show the win ratio against your bet. For example, a 5/1 fraction means a $100 bet gets you a $500 win plus your stake back Top Mobile Casinos

Finding Probability and Value

Betting odds point to market moves and smart probability guesses. These odds become implied probabilities, helping bettors to judge value.

Smart bettors compare these numbers with their review of the event to find good bets.

The tie between odds and chance is key for smart betting plans. When real chance is more than the implied chance from the odds, bettors may find value bets that form a base for smart betting.

Understanding American Odds

Guide to American Odds

American odds use a clear plus/minus format important in North American sports betting.

These odds appear as numbers with a plus (+) or minus (-) sign, showing favorites and underdogs in any betting match.

Understanding Minus (-) Odds

Negative odds point to the favorite. For instance, seeing -150 means to bet $150 to win $100.

• -150 odds need a $150 bet to win $100
• -200 odds need a $200 bet to win $100
• The more the minus number, the stronger the favorite

Understanding Plus (+) Odds

Plus odds show the underdog in a bet. The number tells possible winnings on a $100 bet. For example:

• +200 odds mean a $100 bet wins $200
• +350 odds mean a $100 bet wins $350
• Bigger plus numbers show bigger underdogs