The odds for the favorite, which will have a minus sign (-) in front of them, show the amount you need to bet to win $100. You can compare all three formats using our free online odds calculator.Īlso known as moneyline odds or US odds, it is always displayed using a bet total of $100. It’s always worth reminding yourself that the probability they are expressing is the same – and that you can convert from one to another quite easily. Depending on where you are, you will be presented with one of three different formats. Sports betting odds: American, decimal and fractionalīetting odds are not the same all over the world. This may be an option if our choice is an outsider, or is taking part in an event with a large number of entrants. This is usually employed for low-scoring sports such as soccer and hockey, less so for high-scoring sports like basketball and football.Īn each-way bet allows us to bet twice on a selection, to win and to place (finish second or third, for example) – hence the term “each-way”. If we believe we know exactly what the final score will be in a single match, we will be able to find odds to back that selection. Even seasoned bettors find it handy to use a parlay calculator to find out what they might win - check out ours above. All the odds are multiplied for a bigger price, but most importantly, all selections have to win for you to see a return. Is a way of backing several selections with a single stake. Pic: Kareem Elgazzar/The Enquirer / USA TODAY NETWORK ParlayĪlso known as an accumulator, or a multiple, a The odds for both sides will then be about the same we have to decide if the favorite will win by more than that advantage or not. The sportsbook “equalizes” the competitors by giving the underdog a virtual advantage. Is one of the most popular forms of betting. The sportsbook will set a number, such as the combined number of points in an NBA game, and if we think it will be more than that total, we go over if fewer, under. Normally a two-way market, certain sports such as soccer also provide a third option – the tie – making it a three-way market.īets we’re looking to work out how many times a particular event will happen, rather than pick a winner. We work out which team or player in a match or event is going to triumph, and make our wager accordingly. Pic: Geoff Burke-USA TODAY Sports Moneyline Our odds calculator will show how much you should expect to receive if you win. Colorado Avalanche to beat Tampa Bay Lightning, decide on your stake, and bet on your selection.

What does plus 225 mean in gambling