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Betting Odds: Types of Odds and Calculations
If you want to bet on a sporting event between two teams, the first thing you need to know is how much you could win if you were to predict the result correctly. Odds are the first thing the bookmaker will inform you. These are numbers that tell you how much you can win if you win the bet. They all refer to the same amount , however you will not find the exact same amount in every bookmaker because each bookmaker has its own way of calculating the odds. This article explains the various kinds of betting odds and the methods to calculate the gains to be expected for each one.

There are three types of odds specification: Fractional odds also called UK odds and Decimal odds also known as European odds. Because they accurately represent the situation, Decimal forms are considered the preferred method for defining odds. Odds specifications are used to calculate the bet amount as well as the winnings. In click here now to do this, you must understand three terms: stakes and winnings. Stakes refer to the amount of money wagered. The term "winnings" refers to the winnings in a wager. Pay-outs, on the other hand, refer to the sum of money that is payed after a bet been won. Obviously, pay-outs are winnings and stakes. They may appear to be insignificant however, they are the basis of all odds calculations.

Also, it is important to understand three other terms about the strength of teams playing in a match. they are Evens, Odds-on, and Odds-against. Evens refers to the situation where both teams are equal in strength. If there are no commissions to be paid, you can bet $1 for a chance to win $1. Odds-on is the term used to describe the chances that the favorite will prevail. In this instance the stakes are smaller than the amount of money won. Odds-against represents the underdog, and winnings will usually be more than stakes. For check this of evens (the most commonly used type of sports betting) odds are assigned to both sides. They'll be 1.90 in decimal odds, 9.10 in fraction and -111 American odds. These odds refer to the same thing, "bet one dollar for 90 cents". The odds, even when there were no commissions or bets with friends, would have been 2.0, 1, and 100 for all three types. They refer to "bet one dime to win one 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 means that the payout will be two and one-half times the stake. That is, for every dollar wagered, it will be $2.50.

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


Fractional Odds (UK).

These numbers indicate that a stake equal or greater than the numerator will yield a winning sum equivalent to its numerator. If you wager 11 units and win 10 units, the odds are you'll be able to win 10 units. For every $11 you wager, your winnings will be $10.

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



American Odds (US)
American odds are denoted by numbers that are always greater than 100 or equal to 100. games news are preceded by a "+" or"-" symbol. These symbols aren't mathematical symbols, but they are symbols of your winnings relative to stakes. The positive sign can be used to indicate the underdog when winnings are greater than stakes or an odds-against betting; and the negative sign indicates favorites or odds-on betting. Both odds are based on totally different concepts, which is why they use separate calculations.

Negative odds represent the amount of money you need to bet in order to win $100. For example odds of -110 indicate that, in order to win $100, the wager must be at least $110.

Winning = stake * 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 wagered. If $100 is wagered with odds of +110, it means that $110 will be won.

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

There are some outstanding characteristics of these opportunities.

Decimal odds are always more than 1.0 since '1' represents the stake.
American odds are always greater than or equal to 100 (recall that + and - are symbolisms, not mathematical numbers).
American and fractional odds are an indicator of winnings. Decimal odds are a sign of payouts.
Even games people play , with respect to fair bets are when you earn exactly the exact amount you staked. Therefore, even odds are represented by 2.0 in decimal, 1/1 for fractional odds, and by 100 in US odds(-100 and +100 are identical).
The odds-on decimal odds are those in which winnings outweigh stakes. This is usually the situation when a team that is favored has many wins. In fraction odds they are identified by the fact that the numerator (winning) is less than the denominator (the stake) and in US odds they are the negative odds.
If there's an odds-against circumstance where winnings are greater than stakes The decimal odds are higher than 2.0. The numerator in fraction odds will be larger than the denominator. These are the US odds.



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