Understanding sports betting odds is essential for making informed bets. Here’s a quick guide to help you grasp them:
- **Decimal Odds:** Common in Europe, these show the total payout. For instance, odds of 2.50 mean you win $2.50 for every $1 bet.
- **Fractional Odds:** Popular in the UK, these express the profit relative to your stake. 5/1 odds mean you win $5 for every $1 wagered.
- **Moneyline Odds:** Predominant in the US, these show how much you need to bet to win $100 (negative) or how much you win on a $100 bet (positive). For example, -150 means you bet $150 to win $100.
By understanding these formats, you can better navigate the world of sports betting.
