23/10/2019

How to Read & Calculate Sports Odds


What Do Fractional Formats Mean, & American, Decimal?

The amounts you see next to lines are known as odds. The odds, exhibited in either American, Decimal, or even Fractional formats, serve two functions:

They signal the implied probability of this outcome it is attached to.
They indicate how much money you’ll win if you bet on that specific event.
We have to be careful with all the probability though: bookmaker probabilities are affected by where cash is going, and also the amount of the probabilities of one occasion will always exceed 100 percent.

Bookmaker probabilities explain to you how much they’re charging to take your wager. You could also hear this called”the juice” or”cut” or”vig(orish).”

American Odds Explained
When you see -150, +230, or some other three-digit number using a +/- in front of it, you are staring at American betting odds.

What Exactly Does Mean in Sports Betting and — the +?
The + and — on a sports betting line signifies both your potential payout and whether you are gambling on the favorite or the underdog.

If the number is a -, it indicates that the favorite on the gambling line. The negative amount indicates how much you would want to wager to win $100.

If the number is a +, you’re looking at the underdog, and the amount denotes the amount of money you’ll win if you bet $100.

Read more: sportsbookreview12693.mpeblog.com