you will get $100 if you bet $160 on Team 2 and this team will be a winner.

you will get $120 if you bet $100 on Team 1 and this team will be a winner.

You should read the above odds as follows: “Plus” means that you can win over $100 by betting $100, while “Minus” means that you are expected to bet more than $100 if you want to win $100. This number is the 1:1 ratio, which should be understood as follows: every $1 of your bet will bring $1 of your payout. So, there is always a number in 100, coming with a plus or minus sign. If we consider the American odds, we’ll take, for instance, Team X (+100). But all of them show the value of your bet and your potential winning amount. How to Read Betting Odds?Īs we have mentioned, in different countries, odds are represented in different ways. The probability of every outcome is 50%, which means that, if we divide one by two, we get either 50% or 0.5%. But before you predict, you get heads or tails. The simplest example of calculation of the probability is a coin toss guess. It is clear that you can predict several outcomes for any game or sports event. If your assumptions are right, you will win and get your payout. The art of betting is about a precise prediction of the end of the game, considering numerous impact factors, and understanding the sport as a whole. You should not bet, keeping your fingers crossed. What Is Probability?įirst, you should know what probability is. These versions are built in their particular manner and should be read differently. They are British odds (fractional odds), European odds (decimal ones), and, at last, the American (or USA) odds, also known as Moneyline odds. There are three key types of odds used in various national heritages. Whether you prefer spreads or totals, sportsbooks will represent the odds, saying what they will pay if you guess the outcome of the event.

So, you can calculate your payout by bringing the odds into correlation with the amount of your bet. You can find its brief definition in our glossary.

Using Fractional and Decimal Odds to Calculate Winnings/Payoutsīetting odds are parameters showing how much a bettor will win if he puts $100 on the outcome.Using Odds to Calculate Implied Probability.What Does It Mean When Odds Are Negative?.How Does Plus/Minus Work in Sports Betting?.

How Do American or Money Line Odds Work?.

How Do British or Fractional Odds Work?.

Explanation of odds in betting