Betting odds can initially seem confusing, but understanding them is critical for successful wagering. Betting odds essentially represent the probability of an event occurring and determine how much you can win. Here’s what you need to know:
- Fractional Odds: Common in the UK, these are presented as fractions (e.g., 5/1). If you bet $1, you win $5.
- Decimal Odds: Popular in Europe, they appear as decimals (e.g., 2.00). Your total payout is your stake multiplied by the odds.
- Moneyline Odds: Used in the US, these can be positive or negative. +200 means you win $200 on a $100 bet, while -200 means you need to bet $200 to win $100.
