How To Read Sports Odds

American odds decimal odds and fractional odds.

How to read sports odds. Thus when the fractional odds are 1 20 it would be expressed as 2000. Odds can be used to calculate the implied probability of a team winning or losing a game. What do the and mean in sports betting. When you see 150 230 or any other three digit number with a in front of it you re dealing with american betting odds. Some may have different odds for the same event.

What does 200 mean. The bet on the titans above is in fact even odds. 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. If there s a positive sign next to the odds that indicates the amount of money you would win if you bet 100. We will convert both of bet365 s money line bets to demonstrate how to read sports odds.

Remember however that no bet is a sure thing. You can use a simple math equation to understand what the sportsbook thinks the probability of each team winning is. For positive odds probability 100 odds 100. 200 is a specific set of odds attached to a given sports event. As mentioned there are three ways sportsbooks display odds.

The 200 represents the amount a bettor would win if they had wagered 100. These are in the form of american odds. How to use odds to calculate implied probability. Even odds can be expressed as either 100 or 100. A profit of 200 and a total payout of 300.

The and on a sports betting line indicates both your prospective payout and whether you re betting on the favorite or the underdog. And now that you can calculate your own odds compare multiple sportsbooks odds. Likewise you will have a better chance of having your bet pay off.