How do I read different types of odds?
Understanding Different Odds Formats in Sports Betting
When it comes to sports betting, there are several ways to display odds. The most common formats are American, Decimal, and Fractional odds. Here’s a simple breakdown to help you get started!
American Odds
American Odds show how much you can win based on a $100 wager. They appear as whole numbers with either a minus (–) or plus (+) symbol in front.
- Positive Odds: A positive number (e.g., +300) tells you how much you’ll win on a $100 bet.
- Example: +300 means a $100 bet returns $300 in profit (plus your $100 stake for $400 total).
- Negative Odds: A negative number (e.g., –180) tells you how much you need to bet to win $100.
- Example: –180 means you’d need to wager $180 to win $100 ($280 total return).
Quick note: $100 isn’t the minimum bet—our minimum wager is just $1!
Decimal Odds
Decimal Odds are popular in Europe and show your total return for every $1 wagered (stake included).
- Example: Odds of 3.75 mean a $10 bet would return $37.50 in total ($10 × 3.75).
- To calculate your payout: Multiply your stake by the decimal odds.
Fractional Odds
Fractional Odds are common in the UK and Ireland. These display your profit relative to your stake and are written as a fraction (e.g., 5/1 or 7/2).
- The first number is your profit, the second is the stake required.
- Example: 5/1 with a $10 bet = $50 profit + $10 stake = $60 total return.
- Example: 7/2 with a $10 bet = $35 profit + $10 stake = $45 total return.
- Quick formula: Total Return = Stake × (Numerator ÷ Denominator) + Stake
How to Change Your Odds Format
To customize how you view odds:
- Log in to your account.
- Select the ‘Sports’ Tab.
- Scroll down to ‘Settings’.
- Under General, choose your preferred Odds Format.
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