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Betting Odds: Types, and Calculations
You'll want to bet on a sporting event , which is A and B. games people play must know is the amount you could win if your prediction was accurate. The odds are the first thing the bookmaker will tell you. They are numbers that indicate the amount you could win if you win the bet. But, even though they'll all be an identical amount, you will not find a consistent amount at various sportsbooks because every one uses a different method of describing the odds. This article will discuss the different betting odds specifications and also how to calculate the anticipated gains for each one.

There are three distinct kinds of odds specifications. they are: Decimal Odds also known as European Odds, Fractional odds, also known as UK odds and American odds. Because they accurately portray the scenario, Decimal forms are considered the standard specification method. Odds specification is used to determine the amount of wager and winnings. In order to do this it is necessary to be familiar with three terminologies that are stakes, winnings and pay-outs. Stakes refers to the amount of money wagered and winnings is the amount that is won from betting, and pay-outs are the amount that is that is paid out when a bet has been won. Pay-outs are the sum of winnings and stakes. The terms may seem unimportant, but 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 Evens, Odds-on and Odds-against. click for more are when the players are equally strong. If there are no commissions involved, you can bet $1 and win $1. Odds-on refers to the odds that the favourite will prevail. In this case, the stakes are smaller than the winnings. internet -against is the odds for the underdog. In this case the odds are generally higher than stakes. For instance, in the most common case of sports betting on a match between two competitive contestants (evens odds), the odds assigned to each will be 1.90 in Decimal odds 9/10 in fractions, and -111 in American odds that all mean the same thing "bet one cent to make 90 cents". These odds, even if there was no commission or bets between friends, would have been 2.0 1, 1 and 100 for each of the three types. They mean "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. If odds are 2.50 this means that the payout will be twice as big than stake. For every dollar bet, the pay-out is $2.50.

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


Fractional Odds (UK)

The fractions here show that a stake that is that is equal to the denominator will result in a winning that is equal to the sum of the numerator. If you wager 11 units and get 10, the odds are you'll win 10 units. For play video wagered, your winnings will be $10.

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


American Odds (US).
American odds are represented using numbers greater than 100. These numbers are followed by an "+" or "--" symbol. These symbols are not mathematical symbols; they are simply symbols that let you know if your winnings are higher than or less than the stakes. The positive sign can be used to represent an underdog , whose winnings surpass stakes or odds-against bet The negative sign is for favorites and odds-on betting. Both these odds are based upon completely different definitions, so they employ different calculation methods.

Negative odds indicate how much to wager to win $100. If your odds are 110, that means $100 bets are required to win $100.

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

If $100 is wagered and the chances of winning are good. If $100 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)


They have unique qualities.

Decimal odds always more than 1.0 because '1' is the stake.
American odds are always higher than 100 or equal to (recall that + and - are just symbolisms, not mathematical signs).
site and fractional odds are an indicator of winnings. Decimal odds are a sign of payouts.
If you win exactly the same amount of money as your stake, then that is called an even odds. Evens are represented as 2.0 in decimal 1/1 for fractional odds and 100 in US odds (-100 and +100 are the same).
In the event of odds-on meaning that stakes are lower than winnings that is usually the case with a preferred team the decimal odds are between 1.0 and 2.0. In fraction odds they are defined by the factor that the numerator (winning) is lower than the denominator (the stake) and in US odds they are the negative odds.
In the case of odds-against which is when the winnings are greater than stakes, which is normally the case for teams that are underdogs, the decimal odds are higher than 2.0, the numerator will be greater than the denominator in fraction odds, and these are the positive odds for US odds.



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