How To Read Sports Odds

How to use odds to calculate implied probability.

How to read sports odds. If the odds on a tennis player said 150 that means that for a 100 bet you would. Likewise you will have a better chance of having your bet pay off. If there s a positive sign next to the odds that indicates the amount of money you would win if you bet 100. When the number is negative it refers to the amount which must be wagered to win 100. The and on a sports betting line indicates both your prospective payout and whether you re betting on the favorite or the underdog.

Odds can be used to calculate the implied probability of a team winning or losing a game. The 200 represents the amount a bettor would win if they had wagered 100. Thus when the fractional odds are 1 20 it would be expressed as 2000. As mentioned there are three ways sportsbooks display odds. The bet on the titans above is in fact even odds.

Knowing how to read odds makes it so you can place the most informed bets. And now that you can calculate your own odds compare multiple sportsbooks odds. What does 200 mean. You can use a simple math equation to understand what the sportsbook thinks the probability of each team winning is. What do the and mean in sports betting.

A profit of 200 and a total payout of 300. Bet x odds payout original bet profit for example if you bet 100 on a team winning with odds at 1 82 then your potential total amount received is 182. American odds decimal odds and fractional odds. For positive odds probability 100 odds 100. We will convert both of bet365 s money line bets to demonstrate how to read sports odds.

Remember however that no bet is a sure thing. 200 is a specific set of odds attached to a given sports event. Some may have different odds for the same event.