Notes

Betting Odds - Types and Calculations
You'll want to place a wager on a sporting event , which is A and B. games people play must be aware of is how much you would get if you were right. In reality, the first thing the bookmaker will reveal is the odds as they are just that - numbers that will tell the amount you'll gain if you win the bet. They all refer to the same amount , however there isn't the exact same number at every sportsbook since each bookmaker has its own way of calculating odds. This article will explain the different betting odds specifications as well as how to calculate the anticipated gains for each one.

There are three different types of odds specifications, they are: Decimal Odds , also known as European Odds, Fractional odds also know as UK odds as well as American odds. Because internet represent the scenario, Decimal forms are considered as the most common method of specification. The objective of odds specification regardless of the form they're given is to link amount a bettor wagers in relation to the winnings he or she earns. To accomplish this, you need to know three words: stakes, pay-outs, and winnings. Stakes is the amount of money bet and winnings is the amount won in a bet, and pay-outs are the amount that is paid when a bet is won. Pay-outs are obviously stakes plus winnings. The terms may seem unimportant however, they are the basis of any odds calculation.

It is also important to be aware of three additional terms concerning the strength of teams involved in a game; they are Odds-on, Evens and Odds-against. Evens refer to when both contestants are equal in strength. If there aren't any commissions, you could bet $1 to take home $1. Odds-on is the term used to describe the odds that the favorite will win, and in this instance the stakes are lower than the amount of money won. Odds-against refers to the underdog, where winners are usually higher than stakes. For example, in the most common case of sports betting on the match between two rival players (evens odds) The odds that are assigned to both will be 1.90 in decimal odds 9/10 in fractions and -111 in American odds and all mean the same thing "bet one cent to make 90 cents". If there was no commission or if bets were among friends, the odds would have been 2.0 1/1, 1.0, and, 100, respectively in the three different types of odds. They refer to "bet one dollar to win a dollar".

Decimal Odds (European).


These are simply factors that indicate how-many-times-the-stake will the pay-out be. For instance odds of 2.50 indicate that the payout will be two and one-half times the stake, or for each dollar wagered, the payout will be $2.50.

Pay-out = Stake * Decimal Odds
Win = stake * (Decimal Odds-1)


Fractional Odds (UK).

The fractions show that a stake that is that is equal to the denominator will yield a prize equal to the numerator. If you wager 11 units and you win 10 units, the odds are that you will be able to win 10 units. For every $11 wagered the winnings will be $10.

Winning = Stake * Fraction Odds
Pay-out = Stake * (Fraction Odds + 1)


American Odds (US)
American odds are represented by numbers higher than 100, followed by a "+" or "-" sign. These signs are not mathematical, they are simply symbols that point out whether your winnings are more than or less than your stakes. The positive sign can be used to indicate the underdog when the winnings are more than stakes or an odds-against betting; and the negative sign is for bets on odds or favorites. The two odds have totally different definitions, and therefore use calculations that are unrelated.

Negative odds represent how much to wager in order to win $100. For instance odds of -110 indicate that, in order to win $100, the wager must be $110.

Winning = 100/negative American Odds
Pay-out = stake * (100/negative American Odds+ 1)

Positive odds indicate how much winnings are likely to be when $100 is gambled. If play online is wagered, odds of +110 indicate that $110 will be won.

Win = stake + positive American Odds/100
Pay-out = Stake (positive American Odds/100 + 1)

There are some outstanding characteristics of these opportunities.

Decimal odds always are higher than 1.0 because "1" is the stake.
American odds are always greater than 100 or equal to (recall that the letters + and - are just symbols, not mathematical numbers).
American and fractional odds are indicators of the amount you will win. Decimal odds indicate payouts.
If you are able to win the same amount as your stake, then it is referred to as an even chance. Thus, even odds are depicted by 2.0 in decimal, 1/1 for fractional odds, and 100 in US odds(-100 and +100 are the same).
In cases of odds-on, that is, when stakes are lower than winnings, which is normally the case for a favourite team, the decimal odds fall between 1.0 and 2.0. They can be identified in fraction odds by the fact that their numerator (winnings) is lower than the denominator. They are also identified in US odds, by the negative odds.
If there is an odds-against situation, in which winnings exceed stakes The decimal odds are greater than 2.0. The numerator in fraction odds will be larger than the denominator. play free online games are the US odds.



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