Knowing odds. Just how to read wagering probabilities

What Does +200 Mean? How To Read Sports Odds

An easy way to look at fractional odds is that the number on the right is how much you need to stake to win the number on the left. For example, with 10/1 odds, you win $10 with a bet of $1, plus your stake returned. If a betting line is favourable (i.e. you can win more than one unit per one unit stakes) then American odds are positive. This tells you how much money will be won for each £100 wagered.

There are three methods of stating odds that most bookmakers and websites support. Implied Probability is also useful when evaluating a bet or checking how likely an outcome is. This is the horse most likely to win, which is reflected in having the shortest price displayed with betting operators. When you see a -110 line, you can consider it similar to an even money outcome, like a coin flip. If you like betting on the go, check out which are the best sports betting apps available. Using the odds above the Clippers implied probability is 54.5% and the Heat’s implied probability is 47.6%.

We all know that online gambling is a great way to make a little (or maybe a lot!) of extra cash in your spare time, with some lucky folks even able to turn it into a full-time career. Before you get to that, though, you’ll need to know all the ins and outs of how American odds work. Bookies use Vegas odds as a benchmark, meaning there’s less variation between gambling venues across the world. You receive $240 in winnings and you get your original bet of $100 back, equaling $340 in total. If you see the letters PK alongside the odds offered on a game, it means there is no favorite and you should “pick” the winner of the game without worrying about any point spread.

The act of betting on the opposite side of a current wager in order to minimize losses or guarantee a small profit. Futures are odds available for events in the future, where multiple events may take place to determine the outcome. Futures are offered well in advance of any season or tournament and are continually adjusted as the events unfold. A forecast wager is a bet on two or more selections to finish in a particular order.

North Carolina is an underdog at +135 and since they are the underdog, you make more than you bet if they win. A bet on North Carolina would pay $135 for every $100 you bet. When betting on favorites to simply win, you won’t be getting as much as you bet.

Here, the first number is the amount that can be won if the sum placed as a bet is equal to the second number. For instance, when the odds offered are 9/4 that a particular team or horse will win, the gambler needs to place $4 as a bet and can win $9 if they pick the winning team. The book maker will then have to pay the gambler $9 plus $4, that is, $13.

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