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Betting Odds

Sports betting odds indicate the team's chance to win. There are three types of sports odds.

  1. Moneyline or American odds (-110)
  2. Fractional or UK odds (5/1)
  3. Decimal or European odds (2.5)

A big advantage of using online bookmaker, besides betting on sports events taking place anywhere in the world, is the possibility to choose the betting odds you prefer, so you won't have to convert them manually. But still we will explain them all.

American odds

American odds work differently for the favorites and the underdogs. The odds for the favorite express how much money you need to risk to win $100. For example, if the odds are -170 you have to bet $170 to win $100 and collect a payout of $270. The American odds for the underdog show how much money you would win if you risk $100. If the odds are +400, you would win $400 for a $100 bet and receive a total payout of $500.

Fractional odds

Fractional (traditional, UK) odds are often used in horse racing. They show how much you would win, relative to the wager. For example, odds 1/5 show that you would win $20 on a $100 bet. The odds 10/1 express that you would win $1000 on a $100 bet (payout $1100).

Decimal odds

Decimal odds are widely used in Europe, Australia and Canada. They are the easiest to understand because you simply have to multiply the value of your bet with the decimal odds and you will get the total payout (bet+winnings). For example, if the decimal odds are 2.5 and you risk $100, you would receive $250 in total payout (2.5*$100).

Odds comparison

The table below shows you how percentage chance, American odds, fractional odds and decimal odds are expressed to mean the same thing.

Chance of Winning in Comparison with Different Odds
Chance of Winning American Odds Fractional Odds Decimal Odds
20% +400 4/1 5
80% -400 1/4 1.25

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RebelBetting - excellent arbitrage betting software that makes arbing simple even for complete beginners

Pinnacle Sports - best odds, highest limits; perfect bookie for arbitrage traders

Bet365 - bookmaker with the best signup bonus and extensive sports coverage

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