In betting, odds represent the likelihood of an event occurring and determine how much you can win. Here’s a quick guide to understanding betting odds:
- Fractional Odds: Common in the UK, these odds are written as fractions (e.g., 5/1). They show the profit relative to the stake.
- Decimal Odds: Popular in Europe, these odds are displayed as decimals (e.g., 6.00). They reflect the total payout, including the original stake.
- Moneyline Odds: Frequently used in the USA, these odds can be positive or negative (e.g., +500 or -200). Positive numbers indicate potential profit on a $100 bet, while negative numbers show how much you need to bet to win $100.
