Understanding betting odds is essential for anyone looking to get into sports betting. Here’s a quick guide to help you grasp the basics:
- Decimal Odds: The most straightforward format, represented as a number (e.g., 2.50). Multiply your stake by this number to determine your total payout.
- Fractional Odds: Common in the UK, shown as fractions (e.g., 5/2). The numerator is your potential profit for every unit staked (denominator).
- Moneyline Odds: Popular in the US, displayed as positive or negative numbers (e.g., +200 or -150). Positive numbers show potential profit on a $100 bet; negative numbers indicate the stake needed to win $100.
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