American Betting Odds Explained
American Betting Odds Explained - Moneyline,Push,Even - American Betting Odds Simplified.
American odds (+ and – ) Decimal odds; Fractional odds; This is where your head may start to hurt, but let’s try to keep it simple. American odds show how much a bettor has to risk and what they are set to win using a baseline value of $100. Let’s look at the odds of winning the NBA Championships. At the moment, the Golden. American Odds Explained When you see -150, +230, or any other three-digit number with a +/- in front of it, you’re dealing with American betting odds. What Do the + and – Mean in Sports Betting? The – and + on a sports betting line indicates both your prospective payout and whether you’re betting on the favorite or the underdog. Nov 04, 2020 American odds (aka moneyline odds or US odds) are popular in the United States. The odds for favorites are accompanied by a minus (-) sign, indicating the amount you need to stake to win $100. The ability to read odds is helpful when you want to wager on events that are covered by international sportsbooks. So, here you have all sports betting odds explained one by one. To read American betting odds (or money line odds) you need to know how to differentiate them from the others. Luckily, American odds are easy to.
Obviously,this is the format used in United States when betting on sports,however most bookmakers in the U.K. now let you bet under decimal,fraction and also American Odds.
Most punters will have heard of 'The Moneyline' through movies or betting sites - this the name used by many sports fans - it simply means American Odds betting.
In fact,the American Odds format is very simple,and just lets you know at a glance,what you will win for a $100 bet (or $10,or $1,000 as American Odds are simple to adjust).
You need to look at the prefix when taking American Odds - sign means favourite and + means outsider or underdog.
When looking at a price with the - sign,you are looking to see how much you must bet to win $100.The more you need to bet to get that $100 profit,the higher the number the better the chances of success (just like a long odds on shot when betting in fractions).
The + sign is self explanatory,this is what you win for a $100 bet.
So,the higher the number for - sign,the shorter the odds,and just the opposite for + sign selections,now the higher the number the better the odds.
An example of - favourite,lets say -145.
The - 145 just gives you the odds of how much you need to bet to win $100...........$145,simple as that!.
An example of underdog,+350.
This time,as the + is there,you win $350 for a $100 bet........again simple as that.
American Odds are always based on $100,and you either bet to win $100,or bet $100 for + odds.
By the way,you will often see 'push' referred to in connection with American Odds betting - this is just a term to confirm the bet is tied or void,with neither bettor or bookmaker wins - stakes are returned.
American Odds are simple and quite straight forward,and if you are just betting on outright result plain to see what you win.You can also have point spreads which gives you more betting options relating to the margin of victory for any sporting event.
Sometimes you will see no numbers for sports events - just 'Even',this is,as you would expect,means the bookmakers cannot split the sides and if you take 'even' you win whatever you bet.
As mentioned before,the American Odds are based on $100,win or lose,however,you do not need to bet in $100 units,just bet in units you are comfortable with,whether below $100,or above $100,just enter bet unit when executing the wager.
By Pendil at SAFE BOOKMAKERS SITES.This article can be reproduced by anyone,so long as article is reproduced full and intact with all links unchanged.End of article.
- Betting odds tell you how likely an event is to happen
- They also tell you how much money you will win
- However, at first, they may seem confusing and complex
- Our comprehensive guide takes you step-by-step to explain them
If you’re new to betting, one of the first things you should do is learn how betting odds work. It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you.
In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
What is Probability?
American Betting Odds Explained For Boxing
The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money. For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes. Therefore, if you bet that the person rolls a ‘one’, there is a 16.67% chance that will happen. What betting odds merely do is present how likely the event is to happen. Bookies most frequently in the UK do this as a fraction, i.e. 4/7, whilst the vast majority also offer the ability to view them as decimals. Again, let us talk you through them. All will become clear.
Using Betting Odds to Calculate Probability
Whenever you see two numbers separated by a trailing slash, i.e. 10/1, this is known as fractional odds. From this, you can calculate how likely a given event is to happen with a calculation. For ease of explanation, let’s replace the numbers with letters i.e. 4/1 becomes A/B. Here is the calculation: Probability (%) = B / (A+B).
- 9/1 can be calculated as 1 / (9 + 1) = 0.10– There is a 10% chance that the event will happen.
- 4/1 can be calculated as 1 / (4 + 1) = 0.20 – There is a 20% chance that the event will happen.
- 1/1 can be calculated as 1 / (1 + 1) = 0.50 – There is a 50% chance that the event will happen.
- 1/4 can be calculated as 4 / (4 + 1) = 0.80 – There is a 80% chance that the event will happen.
Hooray! We’re making progress. Given a fraction, we can now tell how likely (the probability) what we’re going to bet on will happen. Now let’s figure out how much money can be won using betting odds.
Using Betting Odds to Calculate Winnings
Betting odds allow you to calculate how much money you will win if you make a bet. Let’s use the same examples as before, with the same replacement of numbers for letters, i.e. 4/1 becomes A/B. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake.
- 9/1 for every £1 you bet, you will win £9.
- 4/1 for every £1 you bet, you will win £4.
- 1/1 for every £1 you bet, you will win £1.
- 1/4 for every £4 you bet, you will win £1.
What About Decimals?
Decimals are far more common on exchanges, such as Betfair, but all leading betting sites do give you the option to view betting odds in this format. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out. Here is the calculation: winnings = (odds * stake) – stake. Let’s illustrate it with some examples
- 9.0 can be calculated as (9.0 * £10 stake) – £10 stake = £80 winnings.
- 4.0 can be calculated as (4.0 * £10 stake) – £10 stake = £30 winnings.
- 2.5 can be calculated as (2.5 * £10 stake) – £10 stake = £15 winnings.
- 1.25 can be calculated as (1.25 * £10 stake) – £10 stake =£2.50 winnings.
You can use our bet calculator to help you calculate winnings.
USE BET CALCULATOR
Decimal Odds Versus Fractional Odds
In truth, one isn’t better than the other but there is certainly a trend emerging towards decimal odds. Historically fractional odds were used in the UK, especially on racetracks and on the high street. There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. Now, they’re largely all in decimals. Don’t hesitate to check out our exclusive Premier League Betting Offers !
The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. For odds to change slightly, it’s really difficult to marginally increase or decrease the probability without creating large fractions which are hard to compute for the punter.
Use Our Tool to Convert Betting Odds Into Your Favourite Format
Our odds converter toolwill allow you see odds in whatever format you like . Not only that, but it’ll tell you how likely the selection is to win!
In Summary
Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. As an example, with odds of 4/1, for every £1 you bet, you will win £4. There is a 20% chance of this happening, calculated by 1 / (4 + 1) = 0.20.
Next steps
Us Election Betting Odds Explained
That’s it! Hopefully, that clears up betting odds. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win.
- Found this article useful? We have loads more similar ones in our learning section. Here are some popular ones;
- Our homepage lists all available betting sites for new customers.