Basically there are four ways that an
online sports gambling establishment will specify odds.
They are American, Decimal, Fractional, and Horses (because
this is the way horse racing odds are generally expressed).
We will give a brief explanation of each type in this
American style odds:
So called "American style odds"
are expressed in terms of a "-" for favorites
and a "+" for underdogs.
For example, if you see "-120"
listed as the odds on the team you are interested in
betting on, this tells you that you must wager $120
dollars in order to win $100 (Or risk $1.20 to win $1.00,
whichever makes more sense to you). If you see "+110,"
this means that for every $100 you wager, you stand
to win $110.
So when a sports gambling establishment
refers to a "dime line," they are referring
to the differential between the favorite and the underdog.
So if the favorite is listed as "-120" and
the dog is listed as "+110," then this is
a dime line due to the fact that favorite bettors are
risking .10 more per dollar than the underdog bettors
stand to get back. As you can see, this is how a sportsbook
makes it's money. This differential is often referred
to as the "juice" or "vig."
Most European sportsbooks use decimal
odds by default. Calculating your winnings using decimal
odds is simple. If you wager $100 at 2.31 odds, you
will receive $231 ($100 x 2.31) if you win (which includes
your original $100 wager). If you wager $100 on 1.75
odds you will receive $175 if you win (which includes
your original wager).
Some European sports gambling establishments
express odds in fractions. In such cases, the win amount
is listed first. So a line listed as 9/10 would give
you $9 of winnings for a $10 winning bet. .
In horse racing, odds are generally
expressed in the form of x to y (or x - y). You are
risking y in order to win x.
For example, if you see 10 to 1, it
means that you are risking $1 in order to win $10, or
$100 in order to win $1000. Conversely, if the odds
are 1 to 10, it means that you have to wager $10 to
win $1, or $100 to win $10.
These are the basic ways that odds
are expressed at sports gambling establishments online.
Odds are not at all complicated when you know the basics,
and the basics as listed here should be sufficient to
get you started gambling online.
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