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Betting Odds: Types and Calculations
If you're looking to bet on a sporting event between teams A and B, the first thing you should know is how much you'd win if were to predict the result correctly. Odds are the very first thing the bookmaker will inform you. They are numbers that show the amount you could win if you win the wager. They all mean the same thing, but you will not find the exact same number at every sportsbook because each one has their own way to calculate the odds. This article explains the various kinds of betting odds and the methods to calculate the expected gains for each one.

There are three types of odds specifications, they are: Decimal Odds , also known as European Odds, Fractional odds, also known under the name UK odds as well as American odds. Because of their accurate representation of the situation, the Decimal types are considered to be the preferred method for defining odds. Odds specifications are used to determine the wager amount and the winnings. For this purpose, one has to be aware of three terms that are stakes, winnings and pay-outs. Stakes is the amount of money bet while winnings refer to the amount that is won from the bet, and payouts are the total amount that is paid out when a bet has been successful. Pay-outs are obviously winnings plus stakes. online may appear to be insignificant, but they are the core of all odds calculations.

click here for info is also essential to be familiar with three other terms related to the strength of teams in a match: they are Odds, odds on, and odds against. Evens are when the contestants are equal in strength. If there aren't any commissions to be paid, you can bet $1 and take home $1. Odds-on refers the odds that the favourite will win, and in this instance the stakes are smaller than the amount of money won. more hints -against refers to the underdog, in which the winnings will usually be more than stakes. In the most typical scenario of sports betting on a match between two competitive players (evens odds) the odds allocated to each are 1.90 in Decimal odds, 9/10 in fraction and -111 for American odds, all of which mean the same thing "bet one dollar to make 90 cents". The odds, even in the absence of commissions or bets made between friends would be 2.0 1. 100 for each of the three kinds. They refer to "bet one cent to win one dime".

Decimal Odds (European).

These are simply factors that indicate how-many-times-the-stake will the pay-out be. For example odds of 2.50 mean that the pay-out will be two and one-half times the stake. That is, for every dollar wagered, the pay-out is $2.50.

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


Fractional Odds (UK).

games to play on pc show that a stake that is that is equal to the denominator will bring a payout that is equal to the sum of the numerator. If you stake 11 units and you win 10 units, the odds are that you will 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 Plus 1)


American Odds (US).
American odds are represented with numbers higher than 100, preceded by an "+" or "--" symbol. These symbols are not mathematical, they are just symbols to point out whether your winnings are greater than or lower than the stakes. The positive symbol can be used to represent an underdog whose winnings exceed stakes or an odds-against wager and the negative sign signifies favorites and odds-on betting. Both these odds are based on completely different definitions, so they employ different calculation methods.

Negative odds indicate how much you must wager to win $100. If your odds are -110, it means that $100 wagers are required to make a winning bet of $100.

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 are gambled. If $100 is bet, odds of +110 indicate that $110 is the prize.

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

They have unique features.

Decimal odds always are higher than 1.0 as "1" represents the stake.
American chances are always greater than or equal to 100 (recall that the letters + and - are just symbolisms, not mathematical numbers).
American and fractional odds are an indicator of winnings. Decimal odds show payouts.
If you are able to win the same amount of money as your stake, then that is called an even chance. Even odds are represented by 2.0 in decimal 1/1 in fractional odds and 100 in US odds (-100 and +100 being identical).
The decimal odds for odds-on are those where winnings exceed stakes. This is the typical scenario when a favorite team has many wins. They can be recognized in fraction odds because their numerator (winnings) is lower than the denominator. It is also evident in US odds, by the negative odds.
In the event of odds-against which is when the winnings exceed stakes, which is normally the case of an underdog team The decimal odds are higher than 2.0, the numerator will be greater than the denominator of fraction odds, and these are the positive odds for US odds.



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