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American Betting Odds Explained

2021年4月9日

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*American Betting Odds Explained For Boxing
*American Betting Odds Explained Payouts
There are different ways odds are displayed at sportsbooks: the American, fractional and decimal. Each style is a little bit different. Continue reading below to learn more about different types of odds. If you would like to learn more, please email us at Info@BettingKings.com and we will connect you with one of our Sports Investment Consultants.
Back to Sports Investing GuideAmerican Odds
Take for example how the following moneyline bet odds would be displayed for the following sporting event: Chicago Bears -196. Washington Redskins +170. Since this is a moneyline bet, these odds represent the implied probability each team has to win the game. American odds can be broken down into two categories: favorites and underdogs. NFL spread betting is probably the most common and popular way to bet on football as it adds some excitement and better odds from just picking an outright winner. If you are new to betting the NFL altogether, be sure to check out our great How to Bet on the NFL guide. Here is an example of a point spread for an NFL game and how it would look. Follow me on Twitter - betting site - sports betting sites use American style bet. American odds are centered around winning or wagering $100 on a given bet. If You’re Betting a Favorite: The odds for favorites will have a minus (-) sign in front, and indicate the money you need to risk to win $100. Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. As an example, with odds of 4/1, for every £1 you bet, you will win £4. There is a 20% chance of this happening, calculated by 1 / (4 + 1) = 0.20. Hopefully, that clears up.
When you’re looking at American odds, the first thing you’re going to want to notice is the sign in front of the odds as that denotes two very different things. If there is a minus sign in front of the odds – or a negative number – then that indicates the amount of money you’d have to bet to win $100. If there is a plus sign, that indicates how much money you’d win if you bet $100. For example:
*New York Yankees -140
*Boston Red Sox +120
In this case scenario, a $140 on the Yankees would pay you $100 if it won. As for the Red Sox, a $100 bet would net you $120 if it won. Of course, you don’t have to bet in exactly $100 increments as the examples above show. Once you understand the ratios, you can plug in whatever numbers you would like.
When you’re looking at you’re matchup, the option with the smallest negative number is the favorite for the event. The option that has the larger number is the underdog.Fractional Odds
Fractional odds appear as fractions. That can mean numbers like 10/1 or 9/2 or 15/1. To calculate your payout with these odds, your stake is the denominator and the payout is the numerator. So if you want to bet $50 on a bet where the payout is 15/1, you would plug in 50 on the bottom. Then you would multiple the top part by 50 as well to get your potential payout, which in this case is $750. Fractional odds are often associated with futures, such as the odds to win the Super Bowl, horse racing, golf and racing events.Decimal Odds
The third option that is commonly used to display the odds is decimal form. Odds are commonly displayed in decimal form in Europe. In this case, we’re essentially changing the fractions to decimals. With decimals, to calculate your payout, multiply your stake by the decimal odds to get your total payout. It’s the easiest form of odds to calculate.
With decimal odds, the team or option with the smallest decimal number is the favorite whereas the choice with the biggest number is the underdog. As the numbers grow larger, those selections are greater and greater underdogs.
If you’re interested in converting American odds to decimal, you can use this equation when you’re dealing with a negative number. If a team is -110, what you would do is take 100, and divide it by 110 (the odds). Then you add one to that number to get the decimal. In this case you would get 0.909090 and then it would be 1.909090 after adding one.
The format for betting odds can vary depending on which part of the world you live in. The two most common options used are Decimal and American odds. But what is the difference, how do you calculate returns for each format and convert from one to the other? Read on to find out.
Before we delve into examples on how to calculate bet returns that have been presented in different odds formats, it is important to note that, irrespective of which odds format you use, the potential profit is the same, the presentation just differs.American odds
Odds expression indicating return relative to 100 unit base figure. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you win that amount for every hundred dollars you bet.Calculating profits with Decimal odds
Decimal odds are predominantly used in continental Europe, Australia and Canada. The format is a simple numerical representation of the potential return of a bet, which includes the stake amount.
The potential return on a bet quoted in Decimal odds is extremely easy to calculate by simply multiplying the amount you wish to bet by the Decimal odds offered – just remember that the return includes your stake. Here is an example of Decimal odds in a 1X2 soccer market from Pinnacle:
Calculating the potential return for a $100 Bet on Chelsea at 2.270:
Odds x Stake = 2.270 X 100 = 227
As this includes your original $100 stake amount, the potential profit is $127.
Calculating the potential return for a $100 bet on Liverpool at 3.390:
Odds x Stake = 3.390 x 100 = 339Calculating profits with American odds
American odds are unsurprisingly the default format used in America. They start either with a positive or a negative sign, e.g. -110, or +120. A negative number indicates the amount you must stake to make $100 profit (or the equivalent in your chosen currency) and a positive number indicates how much you might profit if you bet $100 (again, this would be the equivalent in your chosen currency).
Using the example above, if you bet $124 on the Washington Redskins -2.5 handicap with American odds of -124 and they cover the spread, you will make $100 profit (plus your original $124 stake). If you bet $100 on the Dallas Cowboys +2.5 handicap with odds of +112 and they cover the spread, it will return $112 profit (plus the original $100 stake).
As with any odds format, the potential return and profit from a bet is relevant to the stake amount. Using a $100 bet example is the easiest way to calculate profits with American odds, but below is a simple formula to work out potential returns for any stake.
Negative American odds calculation:
(100/Odds) x stakeAmerican Betting Odds Explained For Boxing
Positive American odds calculation:
Odds x (stake/100)
If we use the odds from the above example, you could bet $13.75 on the White Sox at -129 and your potential profit is $10.66:
Using the same example for positive odds, you could bet $15 on the Royals at +119 and your potential profit is $17.85:
Odds x (Stake/100) = 119 x (15/100) = 17.85Odds conversion table
American odds
Decimal odds
American odds
Decimal odds
-101
1.990
+100
2.000
-105
1.952
+105
2.050
-110
1.909
+110
2.100
-120
1.833
+120
2.200
-130
1.769
+130
2.300
-140
1.714
+140
2.400
-150
1.667
+150
2.500
This table can be used to convert one type of odds format into another. If you have a specific bet or odds you wish to convert, use Pinnacle’s Odds Converter.
Whether you use the Decimal or American format, you’ll get the best betting odds with Pinnacle, the ultimate bookmaker with the highest limits and lowest margins.Decimal odds video explainer
Found this article useful? Why not check out our video that details Decimal and American odds.American odds video explainerAmerican Betting Odds Explained Payouts
If you want to watch more educational betting videos, subscribe to the Pinnacle YouTube channel!
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American Betting Odds Explained

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