How to understand sports betting odds and how they can be read

 How to read and understand the odds of sports betting

A few things are unfamiliar for newbies to sports betting. It is important to know how betting odds work, and what they mean. There are many ways to present odds. The numbers can mean very different things depending on which system is being used. There are three main ways that odds can be presented: American odds and fractional odds.

American odds

American odds can seem a bit confusing. They can be more complicated than fractional and decimal odds. American odds are around $100. But how they relate with $100 will vary depending on whether the wager is favored. If you are placing favored bets, your odds of winning $100 will start with a number. You would need to wager $110 to win $100 if the odds are -110 (a common number for bets involving spreads). For $100 to win, you'd need to wager $200 if your odds are -200. You don't need to place bets that large. However, the proportion can increase or decrease. A $10 wager with -200 odds would net you $5, plus the original $10.

Underdog bets include odds with a plus sign. Plus odds show you how much profit you can make on a $100 wager. 200 odds = $200 profit. You also get your $100 initial bet. 40 percent of your profits would be if you staked $20

Both the Lakers (Celtics) and Celtics (Lakers) are -110 when you bet against the spread. Same goes for the other side of total (over/under). This is where the difference lies: The moneyline. A $250 bet on Celtics on the moneyline would win $100, which means that if they win, it will win by whatever margin. A $25 bet would earn you $10.

Because the Lakers are underdogs, they have better odds. An additional $100 wager would win $280.

Fractional odds

Although fractional and decimal odds tend to be more popular outside of the United States, they can still be found at some American sportsbooks. Both are based on similar principles.

Fractional odds can be described as fractions such as 3-1 or 7. Multiplying a wager amount by the fraction will give you the profit. A $10 bet with 3-1/0 odds will net you $30 plus $10 back.

A $10 wager with 7-4 odds would yield $17.50, plus the original $10. Multiplying the $10 by the numerator (in this case, seven), then divide by four. You get 70 divided by 4, or 17.50

Favorite betting will have a numerator that is larger than the denominator (e.g. 1-2 or 2-5) The numerator for underdog bets should be larger than its denominator as shown in the examples.

American fractional odds are commonly used for futures betting. Nearly all futures odds have a denominator greater than 1, which makes them easier to understand. how to do certain things when betting