Explaine:Favourable & Negative Chances, What can they imply?

How To Read And Calculate Sports Odds

Once you get used to seeing odds in American form, anything else might look weird. Converting decimal odds to American odds and vice versa is quite simple. Using the same example, you would only actually profit $65 from the bet. The other $100 is just the sportsbook returning your wager to you. So, needless to say, these are long odds, no matter who you choose.

Few, if any, sportsbooks do not offer moneyline wagers to their customers. All betting odds represent the implied probability to win a bet. Sports like auto racing, horse racing, MMA and boxing do not use points. Without points a point spread can’t be created, so money line bets are the most popular way to bet on these types of sports. While tennis is scored with points, results are determined by sets won, not a point total.

You get a higher payout betting on the underdog since they’re less likely to win. Sometimes you’ll see a moneyline with a lot of positive numbers. Currently, if you were to look up the odds for which teams will be in the 2020 Super Bowl, they would pretty much all be listed as positive numbers. In this case, the higher the positive number, the lower the team is on the totem pole. In our earlier example with the Titans and Patriots, you would need to bet $215 on the Patriots to earn a $100 profit. Betting on a team with negative odds is probably a safer bet, but it also costs more and returns a lesser profit.

That’s also equivalent to fractional odds of 2/1 and decimal odds of 3. In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100. If you bet $110 on the underdog 49ers you will win $100 if they win outright or lose by less than the three-point spread. If the final score happens to end up exactly on the number it’s a tie, or ‘push,’ and you get your money back.

Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work. The potential winnings are greater when betting on Alvarez, the “underdog” in this fight.

Fractional odds are the ratio of the amount won to the stake; decimal odds represent the amount one wins for every $1 wagered. Though the format they’re shown in and the calculations that determine your winnings change, betting odds are always a measure of how likely a sportsbook finds an outcome. All of the previous wager types are bets placed on single events. Parlays involve taking multiple bets and bundling them together. This increases the potential payout for each wager, but also comes with an added risk. If even one of your bets is incorrect, you lose the entire parlay wager.

Negative numbers indicate the favorite, while positive numbers indicate the underdog. But if you’re new to sports betting, all the information may seem a bit overwhelming. You may be wondering how to read odds, or even how do odds work? Check out our guide and have all of your questions on betting odds explained below.