American odds
American odds are centered around winning or wagering $ on a given bet, american odds you don't need to actually wager $ It scales up and down. With American odds, there's a simple rule to remember on spreads and the moneyline: negative numbers indicate favorites, and positive numbers indicate underdogs. Our free odds calculator will help you convert American, Decimal and Fraction odds while also getting implied probability and calculating moneyline payouts. Quickly convert to and from: fractions, decimals, American, European, money line & probability percentages. Conversion formulae and examples are also.
Odds Converter Calculator
How do you read American odds? Odds for favorites are accompanied by a minus (-) sign. Using -300 as an example, this means you must bet $300 to win $100. Odds for underdogs are accompanied by a plus (+) sign. If you see odds of +300, this means you will win $300 for every $100 you stake.
What is minus 150 odds? The number that follows the negative symbol (the odds) reveals how much to bet for every $100 you want to win. For example, if the team you're betting on has -110 odds, you need to wager $110 to win $100. If your team has -150 odds, you must risk $150 to win $100.
Betting Odds Calculator
Betting odds are the foundation of sports betting. The odds are the first thing to look at when talking about a sports bet, and they lay the table for all the steps that come next. They tell you what the expected outcome is for both teams, and can be listed in American odds, fractional odds and decimal odds. All three express the same thing but present different ways to get there.
In sports betting, the odds will have one team as the favorite and one team as the underdog. When looking at money line odds, a team just needs to win the game outright. The odds mean not all bets are equal. If you bet on a team that is a heavy favorite on the odds, your payout is going to be smaller.
And vice versa with a big underdog. Decimal odds are a relatively simple math equation like fractional odds. Unlike fractional odds, the stake or bet amount is already factored in. Decimal odds are also more popular in Europe but are a very quick way to see how much your wager is going to pay out. From there, you can just multiply it by whatever your bet amount is.
Implied probability in sports betting is an important concept to understand when looking at odds. American, fractional, and decimal odds tell you how likely oddsmakers think one team is to win. Implied probability allows you to calculate how often your bet will need to cash for it to be profitable.
For American odds, the equation is different for favorites and underdogs. That equals That means a favorite has to win If the decimal odds are 3. These are a bit easier to work with and understand. American odds The favorites and underdogs can be spotted instantaneously by looking at the numbers.
In other words, your stake is already included in the decimal number no need to add back your stake , which makes the calculation easier. Let's look at an example involving who might have won the U. Suppose the decimal odds were:. Here we can see that the bookmaker correctly priced Biden as the favorite to win the election.
The higher the total payout i. Simply put, the greater the odds against a team, the larger the payout will be for anyone who bets on it. You stand to make more money on positive odds, but the chances of a win are lower. Vegas odds aka "Las Vegas odds" are a form of American money line odds used in sportsbooks.
They can include a point spread representing the expected margin of victory. This allows bettors to wager not only on the winner but over or under the bookmaker's predicted point spread. American, British, and European odds are three different ways of expressing the same thing and can be converted from one to another.
By understanding all three and how they work, you'll increase your own odds of placing well-informed if not always successful bets. If you or someone you know has a gambling disorder, please call the National Problem Gambling Helpline at , or visit ncpgambling. 
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Table of Contents Expand. Table of Contents. Betting on the Money Line Example. The Bottom Line. Business Leaders Math and Statistics. Trending Videos. Key Takeaways The three main types of betting odds are fractional British odds, decimal European odds, and money line American odds.
These formats are alternate ways of presenting the same thing and hold no difference in terms of payouts. British fractional odds are the ratio of the amount profit won to the bettor's stake. How Do Odds Impact Payout. What Are Vegas Odds. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
We also reference original research from other reputable publishers where appropriate.