Understanding how sports betting odds work is crucial for any bettor. Odds represent the probability of an outcome and determine your potential winnings.
- Decimal Odds: Popular in Europe, simply multiply your stake by the odds to calculate returns. For example, 2.0 odds with a $10 bet yield $20.
- Fractional Odds: Common in the UK, these show profit relative to the stake. Fractional odds of 5/1 mean a $10 bet wins $50 plus the original stake.
- Moneyline Odds: Used in the USA, negative numbers indicate favorites, positive numbers indicate underdogs. -150 means you must bet $150 to win $100; +200 means a $100 bet wins $200.
A sound grasp of these odds types can aid in making more informed bets and maximizing potential returns.
