Odds of -170 show that you would have to place £170 to win £100. 0.2 times100 equals 20, so there is a 20 per cent chance of that event happening. They use probabilities to determine the likelihood of an event taking place, and based on this prediction, they will display different odds. OddsPortal gives you all that you could need for an enhanced betting experience, and to ensure that you receive the biggest payouts possible on your bets. Fractional odds are expressed, as you would expect, in the form of a fraction.
To illustrate, let’s look at the 2nd UFC fight between Conor McGregor and Nate Diaz. As newcomers to betting, it’s usually considered easier to read Decimal odds because we can deduce the implied probability a little bit easier than American Odds. Underlying our odds conversion calculator is the following odds conversion table, for converting odds between each of the popular 4 formats. Quickly input your stake and odds in American, Decimal, or Fractional formats to calculate the payout for your bets.
Odds and Line Movement
A key reason why is the lack of a good ku casino understanding of betting odds. Odds may be displayed differently depending on what the standard is for a particular sport. Refer to our guide’s section on American, fractional, and decimal odds to see different types of betting odds explained. You place a wager on whether the total score between the two teams will be higher or lower than the total offered. Learning how to read odds like these and predicting what games will be high scoring are crucial skills as a sports bettor.
College Basketball Totals Betting
We welcome you to oddsscanner.com/us to hone your betting skills before placing any wagers. Our site connects players with various sportsbooks, each with different odds and lines on NFL and College Football. For example, a bookmaker has the fractional odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the formula, which is a simple matter of dividing 8 by 13 in this example, and the implied probability equals 61.5%.
- For example, let’s take fractional odds, represented as the numbers with a slash.
- Knowing pigskin is only part of what will make you a successful NFL bettor.
- The American format, or Vegas style, is most familiar to those in the United States but there are fractional and decimal odds available as well.
- Negative odds represent favorites or more likely outcomes, indicating how much you need to bet to win $100 (e.g., -150 means a $150 bet wins $100).
- The vig (short for vigorish), or juice, is another variable that can have an important bearing on your success as a sports bettor.
- And therefore, it would only stand to reason that American sportsbooks would offer American betting odds.
As mentioned, the odds for favorites are preceded by a minus sign, while the odds for underdogs are preceded by a plus sign. Small negative odds such as -115 indicate a slight favorite, whereas a very large negative number such as -800 indicates a heavy favorite. Conversely, the odds for a slight underdog will be a small positive number, and the odds for a huge underdog will be a large positive number. Having these fundamental principles of betting odds is the first step to making successful wagers.