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Sports betting odds: American, decimal and fractional

Betting odds are not the same all

over the world. Depending on where you 💰 are, you will be presented with one of three

different formats. It’s always worth reminding yourself that the probability they 💰 are

expressing is the same – and that you can convert from one to another quite easily. You

can compare 💰 all three formats using our free online odds calculator.

American odds

Also

known as moneyline odds or US odds, it is always 💰 displayed using a bet total ofR$100.

The odds for the favorite, which will have a minus sign (-) in front 💰 of them, show the

amount you need to bet to winR$100. The odds for the underdog, which will carry a 💰 plus

sign (+), show how much you will win if you betR$100 on your choice.

If the Kansas City

Chiefs are 💰 the favorites to win, their odds might be -175, and you’ll have to betR$175

to winR$100 – a total return 💰 ofR$275. Their opponents, the Tampa Bay Buccaneers, may be

priced at +145, and you’ll have to betR$100 to winR$145 – 💰 a total return ofR$245.

©

Jayne Kamin-Oncea-USA TODAY Sports

Decimal odds

Decimal odds are used in many parts of

the world, including Europe, 💰 Australia and New Zealand. The main thing to remember when

you see decimal odds is that they include the stake 💰 that will be returned to you. This

is not the case with American or fractional odds.

If you look at the 💰 market for a major

European horse race and the favorite is priced at 3.50, that means if you stakeR$100

you 💰 will winR$350. Decimal odds may look unfamiliar to you at first but it doesn’t take

long to be comfortable with 💰 them.

Fractional odds

Fractional odds are distinctly

old-school and are used in the United Kingdom and Ireland. The best way to understand

💰 them is to add the numbers either side of the dash together. Once you’ve done that, the

number on the 💰 right of the slash is how often out of that total a certain event should

happen.

If a competitor is 1/5, 💰 that means out of every six times the event occurs they

should win five times – so they are a 💰 heavy favorite. Taken literally, this means, for

everyR$5 you bet, you’ll getR$1 in return. If they are 10/1, they should 💰 win once every

11 times – so there is less chance it will happen. Which means, for everyR$1 you bet,

💰 you’ll getR$10 in return.

To calculate your winnings, divide your stake by the number

on the right and multiply the result 💰 by the number on the left.

© Kareem Elgazzar/The

Enquirer / USA TODAY NETWORK