How To Read Sports Odds

American odds decimal odds and fractional odds.

How to read sports odds. Even odds can be expressed as either 100 or 100. 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. And now that you can calculate your own odds compare multiple sportsbooks odds. Knowing how to read odds makes it so you can place the most informed bets. What do the and mean in sports betting.

We will convert both of bet365 s money line bets to demonstrate how to read sports odds. The 200 represents the amount a bettor would win if they had wagered 100. What does 200 mean. Thus when the fractional odds are 1 20 it would be expressed as 2000. Remember however that no bet is a sure thing.

Some may have different odds for the same event. For positive odds probability 100 odds 100. A profit of 200 and a total payout of 300. When you see 150 230 or any other three digit number with a in front of it you re dealing with american betting odds. Likewise you will have a better chance of having your bet pay off.

If the odds on a tennis player said 150 that means that for a 100 bet you would. The and on a sports betting line indicates both your prospective payout and whether you re betting on the favorite or the underdog. When the number is negative it refers to the amount which must be wagered to win 100. The bet on the titans above is in fact even odds. Odds can be used to calculate the implied probability of a team winning or losing a game.

How to use odds to calculate implied probability. As mentioned there are three ways sportsbooks display odds. 200 is a specific set of odds attached to a given sports event.