BETTING ODDS FORMATS
Understanding the Key Betting Odds Formats: American, Decimal, and Fractional
AMERICAN OR MONEYLINE ODDS
Getting Familiar with American or Moneyline Odds in Sports Betting
Positive odds (+): These odds indicate the profit you would earn from a $100 bet if your wager is successful. For instance, a +120 American odds would result in a $120 win on a $100 bet. In addition to the winnings, your initial stake would also be returned, making your total return $220.
Negative odds (-): These odds represent the amount you would need to bet in order to earn a $100 profit. For example, a -120 American odds requires a $120 wager to yield a $100 profit. Similar to positive odds, if your bet wins, you would receive your stake back, resulting in a total return of $220.
It’s important to note that you can wager any amount you desire. When one team has negative odds and the opposing team has positive odds, the negative odds indicate the favorite, while the positive odds signify the underdog.
DECIMAL ODDS
Widely used outside of the United Kingdom, United States, and Ireland, decimal odds provide a clear indication of the potential profits you can expect on your bet amount in the event of a successful bet. Decimal odds include both the profit earned and your initial stake. These odds are especially useful when calculating parlay returns. You can utilize a parlay calculator to convert between decimal and American odds.
For instance, a decimal odds of 2.50 would yield a return of $2.50 for every $1 wagered. This includes a profit of $1.50 and your initial stake of $1.
FRACTIONAL ODDS
Widely employed in the United Kingdom and Ireland, fractional odds, also referred to as traditional odds, are expressed as a fraction. They represent the potential payout in relation to the stake amount. The numerator indicates the amount you would win if you risk the denominator.
For example, with fractional odds of ⅘, you would earn a $8 profit for every $10 staked. Fractional odds of ⅘ are equivalent to -125 in American odds and 1.80 in decimal odds. If the fraction is less than one, it is known as “odds-on,” and an odds converter can assist in this conversion process.
Remember, understanding the various odds formats is crucial when engaging in sports betting. By familiarizing yourself with American, decimal, and fractional odds, you can make informed betting decisions and maximize your bet winnings.
bet winnings
