Understand Betting Odds

Understand different types of betting odds

Photo by Pavel Danilyuk from Pexels
  1. American Odds
  2. Decimal Odds
  3. Fractional Odds

1. Understand the American Odds

  • The negative odd states how much you must wager to win 100 units.
  • The positive odd states how much you will win if you place a 100-unit wager.
  • If we bet for Team A, we are going to win $150 with a $100 bet. So we put in $100 and get $250 back.
  • If we bet for Team B, we must bet $175 to win $100. So we put in $175 and get $275 back.

How to Spot the Underdog and the Favorite

  • The underdog is the side a positive odd.
  • The favorite is the side with a negative odd.

2. Understand the Decimal Odds

2.500 * $100 = $250.00
1.571 * $100 = $157.10

How to Spot the Underdog and the Favorite

  • The underdog is the side with the bigger decimal odds.
  • The favorite is the side with smaller decimal odds.

3. Understand the Fractional Odds

total return = $100 * (39/26) + $100
= $250.00
total return = $100 * (100/175) + $100
= $175.00

How to Spot the Underdog and the Favorite

  • A favorite is a team whose fractional odd’s numerator is less than the denominator. For example, 100/175 means the team is a favorite because 100 < 175.
  • An underdog is a team whose odd’s numerator is greater than the denominator. For example, 39/26 means underdog because 39 > 26.

Conclusion

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Artturi Jalli

Artturi Jalli

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