How To Read Sports Odds

Knowing how to read odds makes it so you can place the most informed bets.

How to read sports odds. When the number is negative it refers to the amount which must be wagered to win 100. Likewise you will have a better chance of having your bet pay off. What do the and mean in sports betting. Even odds can be expressed as either 100 or 100. As mentioned there are three ways sportsbooks display odds.

American odds decimal odds and fractional odds. What does 200 mean. Some may have different odds for the same event. How to use odds to calculate implied probability. If the odds on a tennis player said 150 that means that for a 100 bet you would.

We will convert both of bet365 s money line bets to demonstrate how to read sports odds. 200 is a specific set of odds attached to a given sports event. And now that you can calculate your own odds compare multiple sportsbooks odds. The and on a sports betting line indicates both your prospective payout and whether you re betting on the favorite or the underdog. The bet on the titans above is in fact even odds.

Bet x odds payout original bet profit for example if you bet 100 on a team winning with odds at 1 82 then your potential total amount received is 182. Remember however that no bet is a sure thing. These are in the form of american odds. For positive odds probability 100 odds 100. If there s a positive sign next to the odds that indicates the amount of money you would win if you bet 100.

The 200 represents the amount a bettor would win if they had wagered 100. You can use a simple math equation to understand what the sportsbook thinks the probability of each team winning is. Thus when the fractional odds are 1 20 it would be expressed as 2000.