# Sports betting odds explained

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The number on the left 9 dictates how many times the book expects the relevant outcome to fail; whereas the number on the right 5 tells us how many times the outcome is expected to succeed. To calculate the implied probability of Golovkin winning the fight, take the number of times he is expected to win 13 and divide it by the total number of trials This results in a Therefore, the probability of Alvarez winning the fight is calculated by dividing 8 the number of times he would win by 19 the total number of trials.

Alvarez has a Below is how to solve that using the formula. Betting on underdogs in any sport typically allows you to risk less in order to win more. While not technically related to odds, a push will definitely affect your payout. Every bettor should be aware of the possibility of a push before they lay their first wager on sports. Conclusion American odds are convenient and fast once you get accustomed to them.

Just like any other format, it is all personal preference. It is also easy to convert American odds to fractional or decimal odds, and can easily be done using our online odds converter. FAQs What are American odds? Also known as US odds or moneyline odds, American odds are the default betting odds used by American sportsbooks. How do you read American odds? Odds for favorites are accompanied by a minus - sign.

How do you convert American odds to decimal? How do you convert American odds to fractional odds? Converting American odds to fractional odds is easy. For positive odds, simply divide by For negative odds, the calculation is divided by the American odds. Easy, right? Related Articles Arbitrage Betting Arbitrage betting is a modern betting strategy where you can use the huge selection of online bookmakers to cover all outcomes and secure a profit.

Take a look at our expert breakdown of the method. Read More Winning at Sports Betting Sports betting is about having fun but everyone wants to win too! Our experts will guide you through the best strategies to find value and beat the bookie. Find out how to understand fractional odds here.

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However, on first glance, most people don't fully understand how betting odds work and find the process difficult to understand. The following is a quick walkthrough of betting odds explained for those who have always been interested in learning. Understanding how odds work should be the first thing you learn if you plan on having success in the often cold world of sports betting.

Probability Probability itself has a rather simple definition; "the extent to which something is probable; the likelihood of something happening or being the case". Easy enough. All sports betting odds are a little different but lets up the NFL point spread odds from the Rams vs. Patriots Super Bowl from as an example. The Patriots had an implied If you bet on something with odds of 2.

This also teaches us that all odds above 2. Do you think that the expectation of an outcome is higher than the odds of the bookmaker suggest? By betting on this you have entered into a so-called value bet , which is very beneficial if you want to make a profit with sports betting! Live Betting Odds In live betting , the odds are adjusted per minute and sometimes even per second.

This is due to the speed of live betting. The bookmakers themselves also watch the entire match and every small detail can affect the outcome of a bet. For example, if someone gets a red card or if a player gets injured, you will see many quotes change. With live betting it is therefore important to anticipate such things as quickly as possible. This way you can grab the highest odds. Always pay attention to whether a quote has gone up or down. Some bookmakers indicate this with a green up or a red down cross.

Different types of display Not every bookmaker gives the odds in the same way. There are three different ways in which they can be displayed: decimal, fractional and American odds. It is not the case that one quote has a higher value than the other. Decimal odds In the Nigerians we are mainly familiar with decimal odds. These are also known as European odds. Almost every bookmaker uses this view when it comes to odds.

These are numbers like 1. In the example mentioned above, we also used the decimal odds. As you can see, calculating profit at these odds is very easy. Fractional Quotes A fractional quote is not a number, but a fraction. Fraction is the English translation of fraction. In England, odds are typically displayed this way. The fractional odds are also not very difficult to understand.

American odds In America they also use different odds. The American odds differ quite a lot from the decimal and fractional odds. With this form it is indicated how much you can win with a bet of one hundred dollars or how much you have to bet for a profit of one hundred dollars. In the other form, a — is used. Quotes at bookmakers As we mentioned, bookmakers set their own odds. We therefore recommend that you always compare different sports betting sites.

This way you will find out where you can get the biggest profit with your bets. The higher the quote, the better.

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