How to Read & Calculate Sports Odds

What Can American, Decimal, & Fractional Formats Mean?

The amounts you see next to lines are known as chances. The chances, displayed in either American, Decimal, or even Fractional formats, serve two purposes:

They signal the implied probability of this outcome it is attached to.
They indicate how much money you’ll win if you bet on that specific event.
We have to be careful with all the probability however: bookmaker probabilities are influenced by where cash is moving, and the amount of the probabilities of one occasion will always exceed 100 percent.

Bookmaker probabilities explain to you just how much they are charging to take your wager. You may also hear this called»the juice» or»cut» or»vig(orish).»

American Odds Explained
When you visit -150, +230, or some other three-digit number with a +/- in front of it, you’re staring at American betting odds.

What Exactly Does Participate in Sports Betting and — the +?
The — and + on a sports gambling line indicates both your prospective payout and whether you are betting on the favorite or the underdog.

If the amount is a -, it indicates that the favorite on the gambling line. The negative number indicates how much you’d need to bet to win $100.

If the number is a +, you’re looking at the underdog, and the amount refers to the sum of money you’ll win if you wager $100.

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