Sports Betting: 3 Types of Betting Odds

 

When betting on sports, you will often see different types of odds displayed. These odds represent the likelihood or probability of a certain event occurring. Understanding how to read and calculate these odds can help you make more informed and successful bets.

There are three main types of odds that you will see: fractional, decimal, and moneyline.

Fractional Odds

Fractional odds are most commonly used in the UK and Ireland. They are represented as a fraction, with the numerator (top number) indicating how much you could win and the denominator (bottom number) indicating how much you need to stake.

For example, if you see odds of 4/1, this means that for every £1 you bet, you could win £4 in return. If you bet £10 at these odds, you would win £40 (4 x £10).

Decimal Odds

Decimal odds are more commonly used in Europe and Australia. They are represented as a decimal number, with the figure after the decimal point indicating how much you could win for every 1 unit staked.

For example, if you see odds of 3.00, this means that for every 1 unit you bet, you could win 3 units in return. If you bet €10 at these odds, you would win €30 (3 x €10).

Moneyline Odds

Moneyline odds are most commonly used in the US. They are represented using a positive or negative number, with the former indicating how much you could win for every $100 staked and the latter indicating how much you need to stake to win $100.

For example, if you see odds of +200, this means that for every $100 you bet, you could win $200 in return. If you bet $100 at these odds, you would win $200 (2 x $100).

Conversely, if you see odds of -200, you would need to stake $200 to win $100. In this case, if you bet $200 at these odds, you would win $400 (2 x $200).

How To Calculate Potential Payouts?

Now that you understand the different types of odds let's take a look at how to calculate potential payouts.

For Fractional or Decimal Odds

When using fractional or decimal odds, the easiest way to calculate payouts is to use a simple equation:

Stake x Odds = Payout

For example, if you bet €10 at odds of 3.00, your payout would be €30 (3 x €10).

For Moneyline Odds

To calculate payouts using moneyline odds, things are a little more complicated. If the odds are positive (indicating how much you could win for every $100 staked), you would use the following equation:

(Stake / 100) x Odds = Payout

For example, if you bet $100 at +200 odds, your payout would be $200 (($100 / 100) x 200).

For Negative Odds

If the odds are negative (indicating how much you need to stake to win $100), you will use the following equation:

(Stake / Odds) x 100 = Payout

For example, if you bet $100 at -200 odds, your payout would be $400 (($100 / -200) x 100).

Now that you know how to read and calculate betting odds, you can start making more informed and successful bets. Remember to shop around for the best odds before placing your bet, and good luck! Come visit 먹튀검증 today!