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Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in. Again, we’ll keep this simple with an easy example. Say you make a bet of $5 on Team A to win with the odds of 2/1. The most important thing to know about betting on sports is that it’s fun. And it’s always been fun. Well before the legalization of sports betting in 2018, which set off a boom in the United.

Introduction

To properly understand sports betting, you first all have to understand the odds. Odds are a very important part of sports betting. Odds determine the amount you are likely to win and they also important in determining if the wager is worth making or not. The payout of any bet that you place on sports is always calculated using the combination of your stake and the relevant odds. Before you get started with sports betting, it is very important to try and understand the odds and how they work. Odds can be expressed in three different formats. Before doing anything else, you need to explore the formats.

What are the odds?

Before you try to figure out how odds work, you must understand what odds are and how they work. In sports betting, odds serve two purposes. The first purpose is that odds are supposed to calculate the payout of punters who have won. Every time that you place a bet, you will be offered odds. Those odds are the ones that will determine the amount of 꽁머니that you will receive back if you happen to win when you bet on sports. The higher the odds, the more you get when you win in sports betting. Apart from determining your payout, odds also determine the likelihood of any particular outcome happening. The more likely the outcome, the less the odds. Some odds are worth placing bets on and odds that are not worth it. Before placing bets, you should first try to do some calculations on the amount that you are likely to get back.

Odd formats

If you are a beginner in sports gaming, it is also wise of you to try and understand the odds formats. Odds formats are very important as they determine which decision you should make. The principle behind odds is very straightforward. As of now, there are only three formats of odds that you should know of. The first one is the 꽁머니line. Second, we have the decimal odds and the last one is the fractional odds. When you are gambling, there are chances that you will come across all the formats. For that reason, it is important to make sure that you are familiar with each format.

Why odds vary in some outcome

There are many bookmarkers out there and each one of them has its way of calculating sports betting odds. That is why you are likely to see different odds variations being offered by different bookmarkers. Odds simply reflect the likelihood of how an event will be following the views of the bookmarker. Predicting how an event will end is simply a matter of calculation and a matter of science. The odds being offered by different bookmarkers vary because different bookmakers have different ways of making their calculations. If you are sure of the outcome, you should shop around for the best odds.

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.

Sports Betting Odds Explained

Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.

American Style Sports Betting Odds

How To Understand Sports Betting

Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:

Game Odds Explained

American Odds

• Matchup Odds
• New England Patriots +120
• Pittsburgh Steelers -140

The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.

Examples:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.

In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

Ready To Start Betting?MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.

Decimal Style Sports Betting Odds

Understanding Betting Odds In Sports

Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:

If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.

If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.

Understanding Betting Odds Sports Betting

Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.