As such a gambler betting $115 in a -115 bet will collect $215 from the book maker if his favorite team wins. Sports betting is a way in which fans of a particular sport can combine their expertise about the game and their gambling skills to make money on the outcome of particular games. Typically, the bookies offer odds on which the betters or gamblers place their bets. The simple rule of thumb with decimal betting odds is the bigger the number, the larger the return will be. For example, decimal odds of 3.75 will result in larger winnings than decimal odds of 1.75.
Though it seems doubtful they called it such, the first sports bettors to ever wager probably bet on the moneyline. In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite. Since both numbers behind the plus and minus signs were close to 100, you could tell that both teams were a close match for each other.
Even if you’re extremely confident in what you think the outcome will be, it doesn’t always make sense to bet it if the odds aren’t good. American odds are the ones you will most likely encounter on your sports betting adventures. Written as a number with either a plus or minus sign in front of it, these are the trickiest to understand. That’s particularly relevant when you’re looking at something like the odds to win the Super Bowl.
When you place a bet if the first thing you look at isn’t the odds then we would suggest that you are doing something wrong and you need to address this before you go any further. Get the most up-to-date information on Live Odds, Predictions, and Betting Trends from the sports gambling capital of the world. Over thousands of bets, this tax adds up and makes it difficult for most bettors to become profitable.
American odds are sometimes referred to as US odds, or moneyline odds. You will find prices in this format at all legal US sportsbooks. It is rare to see but occasionally you may see your chances of winning represented as a percentage. These are not odds prices as such but instead show the percentage of winnings relative to stake or the percentage of times you need to win to break even.
Despite all being presented differently, the above examples all translate to the same chance of winning (33.33%) – all will yield $2 of profit for every $1 wagered successfully. Online sports betting offers gamblers access to thousands of internet sportsbooks worldwide. Our guide will help you learn how to calculate sports betting odds in different formats and compare them against each other, and improve your gambling with our sports odds calculator.