UNDERSTANDING BETTING ODDS

BetOnline is easily one of the most trusted betting sites out there, and their payouts and odds are a direct representation of this. Not Helpful 0 Helpful 4. And, if you ever have any questions, please drop us a line at webmaster explainbettingodds. Understanding American Odds

Moneyline Wager

Football Betting Line

You will also get a Free Money Bonus at each sportsbook if you follow either link above. 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:. 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.

Featured Betting Sites For September 1. Just about every single sportsbook that caters to Americans has the option available for fractional odds.

And, while they may seem daunting at first, you don't really need to understand complex fractions in order to utilize these odds. Lets look at an example:. In order to best understand these lines, you first need to look at the ratio to 1.

Once you have determined this, you can figure out the favorite. To figure out which side is favored, you simply need to figure out which is the lower number. Fighter A's wager is the clear favorite as it is the lower number. So, how do you figure out what these pay?

Anytime fractional odds are displayed at a value of less than 1, the bettor must risk more than they intend to win if the wager is a winner. And, the opposite can be said for if a fractional value is more than As you can see, the payouts are in the fractional odds, you just need to know which way they go based on if they represent a value greater than or less than one. Decimal odds are slightly more confusing than most other types of odds.

In fact, we prefer not to use them when we bet but that is just our preference. Regardless, we are going to give you a little insight into these lines, as we want to give you insight about all of the common types of odds available. If you look into these odds, you will definitely come out a little bit confused unless you are from Europe where these odds are commonly used than American or Fractional odds.

The multiplication game is not as straight forward with decimal odds. Let's take a look at another example:. When looking at decimal based odds, the same thing applies to them as all the other forms of odds when trying to determine the favorite In the example above, the favored candidate is Candidate A at 1. Figuring out the payouts is where decimal odds can get tricky, but you'll soon learn a little trick that will make these very easy to understand.

Be sure to keep that in mind when looking at the other odds types. Now that you understand how to read odds, you will then want to see how they are adapted to the different betting lines. With the straight wagers and exotic wagers alike, you will find that these odds are worked into the lines. After you figure out how to read the odds, you will then have to figure out the different types of bets that you can find through most sports betting sites. The different types of bets use odds somewhat differently, but in the end it is all fairly similar.

We have also done a special section that explains how to read betting odds for each different sport. The reason for this is that some sports have betting odds available that others do not. There are plenty of betting sites out there, but we have decided to list only those we felt were of the highest level of quality.

When personally and individually tested these sportsbooks in order to figure out exactly what they have to offer. In the end we decided to play with those offering the highest paying odds, the most diverse set of betting types, and a fairly wide range of different sports. The odds can be less than even, too. With fractional odds it is also quite simple to figure out if a bet makes sense.

They can also be the most confusing at first. The easiest way to understand them is to start with fractional odds. To make a conversion you take the fraction, turn it into a decimal, and add one. Money line odds - These are by far the most common form of odds in North America for sports betting.

They are expressed as numbers greater than , and they can be either a positive or negative number. Each one is a little bit different.