Betting Odds Explained: How to Read Odds in 2025

Conversely, the Pirates are the underdog as indicated by the plus (+) sign, and a $100 bet would return a profit of $180. Both bets are based on $100 denominations but with the favorite, the bettor is risking more than they can potentially win while the opposite is true in betting on the underdog. And therefore, it would only stand to reason that American sportsbooks would offer American betting odds. Parlays combines multiple wagers into a single bet, where all selections must winfor the parlay to pay out.

The point spread is predicted by a sportsbook and shows how many points the team is going to lose or win. They are the easiest to understand, showing the amount that the bettor wins for every $1 that he bets. A bettor should multiply the amount of his bet by the odds to get an idea of the payout (win + bet). Odds can refer to moneyline, spread, and total bets, and they can be displayed as American, British (fractional), or European (decimal). Sports betting odds are calculated with the main goal for sportsbooks being to receive equal money on both sides of a bet. The “easiest” NFL bet is subjective, but many consider the moneyline bet on a strong favorite to be straightforward as it simply involves picking who you believe will win.

Futures Odds

Bettors must decide whether a team will win by more than the spread or if the underdog will keep the game close or win outright. soi cầu kubet Moneyline betting in college football is the simplest way to wager on a game. Instead of betting on a point spread, you are picking which team will win the game outright. Each team is assigned odds based on their likelihood of winning an individual game, with favorites listed as negative (-) odds and underdogs as positive (+) odds.

• Nowadays odds are used in various ways in medicine and other sciences when presenting statistical results.
• The art of betting is about a precise prediction of the end of the game, considering numerous impact factors, and understanding the sport as a whole.
• Fractional odds (aka “British odds,” “U.K. odds,” or “traditional odds”) are popular among British and Irish bookies.
• The Flyers and Penguins are playing, and the total is 7.5 goals.
• The bookmaker has offered odds of +585 for the Steelers, which indicates that the bookmaker has placed a much lower probability (about 15%) that the Steelers will win the game.

Popular Betting Markets

To illustrate, let’s look at the 2nd UFC fight between Conor McGregor and Nate Diaz. As newcomers to betting, it’s usually considered easier to read Decimal odds because we can deduce the implied probability a little bit easier than American Odds. Underlying our odds conversion calculator is the following odds conversion table, for converting odds between each of the popular 4 formats. Quickly input your stake and odds in American, Decimal, or Fractional formats to calculate the payout for your bets.

How to Calculate Your Payouts with a Bet Calculator

Players can wager on money lines, point spreads, over/under, prop bets, and futures. If you fancy adding a bit of variety to your betslip, then the quarter/half betting markets could be the option for you. You can wager on the points total or result of each quarter, and you can really add some value to your potential winnings by combining these bets into an accumulator. But be warned that bigger potential payouts also mean longer odds. Prop betting markets allow bettors to focus on specific events or performances within a game rather than its overall outcome.