There are three methods of stating odds that most bookmakers and websites support. Implied Probability is also useful when evaluating a bet or checking how likely an outcome is. Decimals quote the potential return should the bet succeed, relative to the stake.
Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake. Odds correlate to probability. The moneyline is one of the most common bets. This is a straight-up bet. All you need to do is pick the winning team. The odds would look something like this:. The amount that is set by the oddsmakers is based on how they foresee a game unfolding from a scoring perspective. If you believe the combined score for both teams will be points or more, you would bet the OVER.
For point spread bets , the oddsmaker adjusts the line so that the underdog gets an advantage. You would enter in the American Odds section if you believe Boston will cover or enter in the American Odds section if you think New York will cover. If you bet on the Knicks, then they would have to win by four points or more. If you bet on the Celtics, they would need to win outright or lose by three points or less for you to win your bet.
Prop betting is a wager based on occurrences or non-occurrences during a game or season. Props are what we call novelty bets because they can consist of individual player or team milestones, and will appear like so at betting sites:. If he scores more, your bet loses. Our odds calculator can compute just about everything, including live betting. And Fractional odds are the ratio of the amount of money profit won to the amount of money wagered. The handicapping, sports odds information contained on this website is for entertainment purposes only.
Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team.
How to Calculate Parlay Bet Odds A parlay bet is a single wager that requires two or more outcomes to all win. Presidents' Weekend Nets at Warriors, who wins? Nets Warriors. How many points does Kevin Durant score vs. Lakers at Nuggets, who wins? Lakers Nuggets. LeBron James Nikola Jokic tie. Does Auston Matthews score a goal vs.
MON on Saturday? Yes No. Does Alex Ovechkin score a goal vs. PIT Sunday? Michigan at Wisconsin, who wins? Michigan Wisconsin. UFC Usman vs.
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Presidents' Weekend Nets at Warriors, who wins? Nets Warriors. How many points does Kevin Durant score vs. Lakers at Nuggets, who wins? Lakers Nuggets. LeBron James Nikola Jokic tie. So if you're betting on the Packers at against the Vikings, that means Green Bay is a slight favorite. And the number represents the total return , not just the profit like American and fractional odds. The Packers would be 1. The Vikings would be 2. Fractional Odds are used primarily in the UK and Ireland.
Few bettors use fractional odds for betting sports other than horse racing , because the conversions to understand return are difficult. To calculate winnings on fractional odds, multiply your bet by the top number numerator , then divide the result by the bottom denominator. Odds correlate to the probability of a team winning, which is the implied probability. A favorite has about a To calculate implied probability, use the following formulas:.
As a responsible bettor, it is important to understand proper bankroll management.