When is it used?
Fractional odds - These aren't the most common in sports betting, but they are the easiest to understand so we will start here. They are used in horse racing, so if you are familiar with betting on the ponies then you know fractional odds. Not surprisingly, they are expressed as a fraction. The odds can be less than even, too.
With fractional odds it is also quite simple to figure out if a bet makes sense. They can also be the most confusing at first. The easiest way to understand them is to start with fractional odds. To make a conversion you take the fraction, turn it into a decimal, and add one.
Money line odds - These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than , and they can be either a positive or negative number. Each one is a little bit different. Our weekly newsletter is loaded with exclusive free picks,insight and advice from our expert handicappers. Soon enough it will be second nature, but for now ask a friend or search for a calculator that fits your betting needs.
You also get the money you bet back. To calculate how much profit you make per dollar spent, divide the amount you are going to spend by Multiply this number by the moneyline to see your potential profit. When betting on the favorite, you take less risk, and thus earn less. Like positive odds, you earn back your bet when winning. To calculate profit, divide by the moneyline to find out the profit made per dollar spent. Notice that point spreads adjust the score for the favorite team.
This is easiest to see with an example: If the New York Knicks are playing the Boston Celtics, and Boston is favored to win by a 4-point spread, then a bet on Boston only pays out if Boston wins by more than 4 points. A bet on New York pays out if New York wins or if they lose by less than 4 points. If the favorite wins by the spread exactly, it is called a "push" and all bets are refunded.
In the example, if Boston wins , then it is a push and no one collects a profit. If you see "half-odds" a 4. Ask your bookie about the "vig," which determines your potential profit. Also known as the "juice," the vigorish is the commission charged for placing a bet. Typically the vig is , and you read this number like a moneyline bet see above. Sometimes there are different vigs for each team. A line from before might look like this: If the score is exactly what the bookies set, then the bet is a push and everyone gets their money back.
Make sure to check this with your bookie first, however. Not Helpful 9 Helpful The should read Not Helpful 6 Helpful The "" means that a football team is favored to win by 13 points. For you to win the bet, the team must win by more than 13 points. Not Helpful 0 Helpful 4. Not Helpful 18 Helpful Not Helpful 7 Helpful When I see a whole number alone on an odds sheet, what does it mean? Multiplying your stake by decimal odds gives your total return, not your profit which is total return -stake.
To get to fractional from decimal, add 1. Not Helpful 29 Helpful What does odds of 9 to 4 mean on a baseball team to win the World Series? Not Helpful 0 Helpful 1. Not Helpful 7 Helpful 3. Not Helpful 35 Helpful 5. Not Helpful 50 Helpful 3. How do you find true odds and calculating their probability. Answer this question Flag as How can I learn to understand football betting odds? What does dropping odds mean in football? Include your email address to get a message when this question is answered.
Already answered Not a question Bad question Other. By using this service, some information may be shared with YouTube.
Quick Summary To read odds, start by finding 2 numbers separated by a dash. Did this summary help you? Tips Betting through bookmakers is illegal in the United States except in the state of Nevada.
It is legal in Great Britain and other countries, where it is regulated. In some countries, bookmaking is only performed by the government.
Bookmakers may also take bets on non-sporting events, such as political elections. While this article uses dollar amounts, these principles hold for any currency.
The money line is a simple wager in which the point spread is not determined.