How Do Betting Odds Work: How To Calculate Sports Betting Odds

Totals payouts are based on the money line odds shown in the brackets beside the total, just like we covered in the money line example above. For example, in MLB, the standard spread used is 1.5, with one team being designated the -1.5 favorite, and the other being the +1.5 underdog. For some sports, bookies usually include a half-point in their point spread in order to ensure a winning or losing result with no ties possible. The other two styles of odds you’ll see are called fractional (used mostly in the UK) and decimal (also known as European odds because they’re common in Europe).

Reading Decimal Odds

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• The odds tell you how likely the oddsmakers believe one side is to win the matchup compared to the other.
• Negative odds ( with a – sign) means the team is the favorite.
• Gamblers must decide whether the odds reflect the true value of the game.
• With decimal odds, you will see the amount that is factored into one all-inclusive number.
• Therefore your profit, or “to win” amount, would be $12.50 ($22.50 return – $10 wager).

While these odds are more or less the same across the sports, I want to use some examples below so you’ll have no questions regarding how betting odds are explained and displayed. The aim of fractional odds is to show how much profit you’ll make off a stake. The figure on the left of the “/” is your potential profit, and the figure on the right is your stake. The higher the number, the more you win, but your wager comes with more risk.

Bet365’s interface excels here, displaying these odds alongside extensive market coverage that has made them the world’s largest online sportsbook. Placed my first bet in accounting class my Sophomore year in high school. About 3 years later, I started taking a true interest in betting. I began reading books and discovering systems that have displayed steady long-term profit. The most important thing to understand when betting is that discipline is just as valuable as the picks themselves. My aim is to bring you the best bets through the use of data, steam moves, reverse line moves, contrarian plays, and trends.

Fractional Odds Explained

They will also use Las Vegas betting odds as mostbet a benchmark for their own calculations, which can influence the variety of odds they offer gamblers. Sports betting odds are created by bookmakers to show what the outcome of a game or event is likely to be. They also dictate how much profit a player can make when betting on an event at that sportsbook. They’re often heavily influenced by Vegas odds, football in particular.

There is also the total score or the over/under, and this line lets you bet on whether or not the total score between all competitors will go above or below a predetermined amount. You simply look at what the Over / Under is and then bet on which you think it will be. There are over and under betting odds for pretty much every sport including baseball, football, hockey, UFC, Basketball, Horse racing, and much more.