Understanding how sports betting odds work can enhance your betting experience and increase your chances of winning. Odds represent the likelihood of an event happening and determine your potential payout. Here’s a quick guide:
- Decimal Odds: Common in Europe, represented as a number (e.g., 2.50). Multiply your stake by the decimal to find your total payout.
- Fractional Odds: Popular in the UK, shown as fractions (e.g., 5/1). The first number indicates profit for every unit staked.
- Moneyline Odds: Used in the US, with positive or negative numbers (e.g., +200, -150). Positive shows profit on a $100 bet; negative shows amount needed to bet to win $100.
| Odd Type | Example | Explanation |
|---|---|---|
| Decimal | 2.50 | Stake x 2.50 = Payout |
| Fractional | 5/1 | Bet 1, win 5 |
| Moneyline | +200 | Win $200 on $100 bet |
