Be sure to keep that in mind when looking at the other odds types. If Candidate A wins the election, every $1 wagered will win $.50 plus the original $1 wagered which equals $1.50 or 1.50 odds. Candidate B: every $1 wagered earns $1.45 which equals $2.45 or 2.45 odds. Now That You Know How To Read Sports Betting Odds.
The underdog has a higher decimal number, meaning a higher payout and a higher risk (less likely to win the game). Meanwhile, the favorite has a smaller decimal number and a lower risk (more likely to win the game). Note that favorites always have odds lower than 2.0. Underdogs always have odds higher than 2.0.
Understanding The Odds. Any time you wager on a game, you'll notice either a " - " or a " + " followed by a 3, 4, or 5 digit number next to the spread, total, or moneyline. This number, + or -, indicates the probability that the wager has to win, as well as how much money you will win (or lose).
Sports betting odds are created by bookmakers to show what the outcome of a game or event is likely to be. They also dictate how much profit a player can make when betting on an event at that sportsbook. They're often heavily influenced by Vegas odds, football in particular.
Now, you can use your preferred search engine to find a sports betting odds calculator or you can use this simple formula to calculate the odds in a bet you are considering placing: B / (A+B) = % In our 9/1 odds example, 9 is A and 1 is B, which when entered into the formula will look like this: 1 / (9+1) = 10%
The most common type of sports betting odds used in North America are the American style odds which we explain below. American Style Sports Betting Odds. Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used.
Luckily, they’re very straightforward and easy to calculate. All you have to do is multiply your wager by the odds to find out your potential winnings. Bet x Odds = Payout (original bet + profit) For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182.
The payout of a bet is determined using a combination of the betting odds and the stake. The higher the odds, the bigger the win. On the contrary, the odds will be lower if an outcome is more likely to happen. Odds in Sports Betting Explained: How To Read Betting Odds? There are three ways betting odds are represented.
See more videos for Sports Betting Odds Explained