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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:.
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. The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
Again this can easily be converted into smaller or larger size bets. 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? You will also get a Free Money Bonus at each sportsbook if you follow either link above. But, no matter what type of odds are shown, they all indicate the same thing: You can use our betting odds calculator to see how the different types of odds represent this chance, but many seasoned gamblers end up being able to convert between various types of odds in their head!
As the name suggests, American Odds are mostly popular with sportsbooks here in the United States. American sports betting odds work differently for favorites and underdogs, and are sometimes known as Moneyline Odds. You may notice that this is similar to 'odds-on' bets in UK markets.
If you see the letters PK alongside the odds offered on a game, it means that there is no favorite and you should "pick" the winner of the game without the need to worry about any point spread.
Fractional Odds are popular in the United Kingdom but are also often used in horse racing. Fractional odds can also be referred to as British Odds, UK Odds, or Traditional Odds, and quote the net total that will be paid out to the bettor — should they win — relative to their stake. Almost all online sportsbooks will offer the option of displaying their odds in the decimal format, which is sometimes known as European Odds in the UK.
With decimal odds, the figure quoted is the exact amount that will be paid out if the bet is a winner. Decimal odds are essentially equivalent to the decimal value of the fractional odds, plus one.
Armed with the above knowledge, you should now have a pretty good idea of how to read sports lines. Think of it as a quick reference guide to sports betting for dummies! You can see below how to do this manually:. Offering odds that are much better for players than Vegas odds and those listed elsewhere will certainly attract more gamblers, but it can be absolutely disastrous for gambling venues if things go wrong, i. An odds converter or odds calculator is essential if you are betting on more than one sport at once and, as we already know, almost all internet sportsbooks in let you do just that.
Perms, parlays, or accumulators allow sports gamblers to mix and match several games and results onto one betting slip. But before you place the bet, using an odds payout calculator is essential to make sure you get the right price.
With so much difference between the odds-on markets at different gambling sites, using a sports betting calculator is even more important. We all know that online gambling is a great way to make a little or maybe a lot! Or are the odds stacked against you…? Give it a try! We've put together this fun little quiz to test your American odds skills. Well, it looks like you have some of the basics down but you could still do with brushing up on how odds work before you start placing any big bets.
Or maybe you just got tripped up by that genius Julius American answer! Aha, it looks like you were paying attention after all. This actually translates to 1. They also dictate how much profit a player can make when betting on an event at that particular sportsbook.
They're often heavily influenced by Vegas odds, football in particular. In theory, odds can be shown in any format no matter what the game. In practice, however, the location of the target audience will have some impact on this.