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How Betting Odds Work - Sports Betting Odds Explained

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Betting odds allow you to calculate how much money you will win if you make a bet. Let’s use the same examples as before, with the same replacement of numbers for letters, i.e.

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Quite simply, for every value of B that you bet, you will win A, plus the return of your stake. 91 for every 1 you bet, you will win 9. Understanding how to read odds is a crucial step to becoming a successful sports bettor.

From determining how much money you want to wager to figuring out which bets offer the most value, it all starts with a solid understanding of the odds. What Are American, Decimal, Fractional Odds? Odds are displayed in either American, Decimal, or Fractional formats, and serve two purposes They signal the implied probability of the outcome they are attached to.

They indicate how much money you could win betting on that outcome. Be careful relying on the odds alone when evaluating the probability a. Most good sports betting sites will allow you to bet live on a massive range of matches, ranging from Premier League encounters, all the way through to the Irish Senior League.

We would advise everyone betting live to only bet on games they’re knowledgeable on though. So, if you’re a fan of the Champions League and want to bet on Juventus vs. It’s probably best to stay away from games in the Romanian third tier though unless this is your specialty. You can work out how much you could win simply by multiplying your bet by the odds. So, let’s imagine you’re betting 10 on Barcelona to beat Real Madrid, and you’re getting odds of Just multiply 10 by, which will give the answer This is how much you stand to win. Once you understand betting odds and the differences between them, reading them becomes easy.

How to understand fractional odds. If a bookmaker offers odds of 31 for an event to occur, you stand to win 3 for every 1 you bet. If you bet on an event at odds of 72, then you stand to win 7 for every 2 you wager winnings plus your stake. You may also see odds expressed with the lowest number first e.g. The key thing when it comes to finding value is to look for the best odds on your chosen selection. It’s quite surprising how much odds can change from bookmaker to bookmaker.

This is why it makes sense to shop around. Plus, that gives you the opportunity to take advantage of the bookmakers’ bonuses and earn free cash. Sport betting is a good way to waste money but you can never make money out of it. I’ll explain it in stages what actually happens. Stage 1 You start betting and I am sure you will win in the initial days.

But eventually you will lose more and more and then a stage will come where you are in Negativeyou have lost more than you have earned. Stage 3 After this stage you will start thinking that I am losing more and earning less and at that time you will make an estimate and check how much you have actually lost.

After the calculation and seeing the amount you don’t stop betting. Betting game will win you game at normal odds. If you bet 10 gamesweek and win 610, you will win week. Making week to watch sports games is not too bad.

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Ultimate guide on how football betting odds work. Calculate your profits on decimal, fractional other odds, convert odds types and learn to read odds. What they do, is demonstrate how much money you must stake in order to win For example, if you were to bet on odds of, you would have to wager to net a profit of Positive odds represent an underdog, only this time, higher odds mean that the underdog has less chances of winning.

Your profits are also calculated in a different manner. The odds show you how much you will win if you place a wager. This consequently means that if you stake on + odds, you will win, if your bet comes through.

These odds hail from the former British colony o. If you want to come out on top against the bookies it is vital that you understand the fundamentals.

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When it comes to sports betting there is nothing quite as fundamental as the odds that the bookies offer.

Unfortunately, betting odds can prove very confusing. That’s especially true for people who are new to betting. An example of the various odds available on a typical betting market. That’s where this article comes in. We’re going to explain exactly how betting odds work, how they are set and the differences in the ways they are displayed. This is how betting exchanges make their money, versus regular bookmakers who make their money by providing you unfair odds.

Even with commission factored in, exchanges return more profit on your bets almost all of the time. How Much Money Do You Need to Start Matched Betting? Matched betting works best when you are able to invest in completing multiple offers at once. This comes once you have built up your bankroll. However, the vast majority of people don’t have a lot of money set aside for such investments, and therefore tend to start with a very small budget of The smallest figure you can probably start with is 80, but I really would recommend trying to have at least. Positive moneyline odds show how much profit a winning bet of would make.

So if you saw odds of + you would know that a wager could win you In addition to that, you’d also get your stake back, for a total return of Negative moneyline odds show how much you need to bet to make a profit. So if you saw odds of you would know that a wager of could win you Again you would get your stake back, for a total return of This is where a balanced book and the overround come in play.

As we mentioned in the betting example above, in practice you wouldn’t actually see two equally likely outcomes both priced at by a bookmaker. Although this would technically represent fair odds, this is NOT how bookmakers operate.

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What are betting odds and how to calculate them. Learn all about decimal odds, US style and fractional odds. Includes odds conversion table. Odds can also tell you how much money you will win.

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Let’s say you’re betting on a team with 41 odds in a sporting event. If you bet 1 and your team wins, you’ll receive 4, plus your stake back for a total of 5. Although it may be confusing at first, it’s pertinent that you grasp how betting odds work if you want to make a go of online gambling or sports betting.

There are basically three types of betting odds fractional, decimal and U.S. In the past, the most commonly used betting odds globally were fractional. Have a specific betting question, or looking for an answer when it comes to your sportsbook?

You’ll find it all here in our easy to read Sportsbook FAQ guide. We cover everything from withdrawal times to the types of wagers you can place. You can find more details on signing up and potential deposit methods here. How do I know what my bet will pay out? There are three different ways sports odds are listeddisplayed, and you can learn how to read each of them here. The good news is, reading odds isn’t necessary to find what an event will pay out.

Every sports-betting site will show you the potential winnings of a bet when you fill out your betslip. Betting for a certain outcome to come true. "I bet England will win" is a backing bet. If it comes true, you win the bet and the winnings. It’s a pretty rare scenario, however it’s worth checking how much money is available for any oddsprice by looking below the decimal odds for the XXX amount in the pink boxes.

You may need to click View full market to see this The amount of money shown needs to be higher than the Backer’s Stake figure you put in the betting slip, otherwise it won’t be fully matched. Since the 20 free bet comes in 4 x 5 free bets, how are you supposed to use all 4 of them at the same time? It looks like you can only select one of your free bets at a time? Unless you mean 4 completely new betslips with each of them.

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When it comes to American odds, an even bet is displayed as + 2 in decimal odds.

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Now, let us explain the betting odds to you so that the next time you are at a sportsbook, you will know what you are doing. One of the purposes of odds in sports betting is to show how likely a particular outcome is to occur. If the outcome is very likely to happen, the odds are as low as they can be, and vice versa. Now, the other purpose of odds is to determine how much you will get if your wager wins.

You should be able to view the odds of a bookmaker at the moment of placing your bet. Lower odds mean lower payouts and greater chances of winning, whereas higher odds mean higher payouts and less chance of winning. Even money odds mean that your chances of winning are 50. Making bets can liven up a sporting event, a card game, or even a boring night out with friends at the bar.

Whether you want to put casual wagers of a few dollars or a round of drinks on an outcome You can make informed bets on sporting events, casino games, and friendly bar wagers with wikiHow help. See Step 1 for more information. Calculating Poker Odds for Dummies - A FREE, 1 guide to mastering odds.

How to quickly count outs to judge the value chance of winning a hand in This guide will show you how to calculate poker odds and pot odds so you can beat your friends and win in online poker rooms. At first, poker odds can seem confusing, but if you're going to take poker seriously then having a basic knowledge of them is critical it'll be clear why after reading this page.

This short, practical guide and the tools within will give you everything you need to gain the upper hand on both real and online tables. Right then buckle up because we are going to take a short drive through the world of poker odds. But before we pull off the driveway, let's. The most common way when it comes to betting on football competitions is the outright market. Here punters can simply lay a stake on the team that they believe will win a particular competition.

The odds on these events can alter throughout the competition depending on form and injuries, which means it is important to follow the top football tips. Once you have learnt more about how to bet on football, then the value bets could be an interesting avenue. You can find free football betting tips online that will show the value bet percentage in making specific bets. This uses the stats and patterns that have been developed online to help the punter make the best bet possible.

It is an astute tactic to study the football odds today.

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American odds aka moneyline odds or US odds are popular in the United States.

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The odds for favorites are accompanied by a minus - sign, indicating the amount you need to stake to win Meanwhile, the odds for underdogs are accompanied by a positive + sign, indicating the amount won for every staked. In both cases, you get your initial wager back, in addition to the amount won.

The bookmaker has offered odds of + for Syracuse, which indicates that the bookmaker has placed a much lower probability about 15 on Syracuse winning the game. One needs to risk on Syracuse to make a potential win of If Syracuse can pull off the upset, one gets back their initial stake of, in addition to the won, giving a total payout of. Sports betting is mostly very simple You place a bet on an event and you either get a return on your investment or you don’t. But there can be a lot of things surrounding that simple transaction that aren’t so easy to understand.

When it comes to the world of online betting, there are so many markets for you to choose. What they are depends on the bookmaker you use. Making money through sports betting is not guaranteed, but most people believe it can be achieved through keeping a log-sheet of all your bets and seeing what works and what doesn’t work. To learn more, please head on over to our betting guide. Why are odds levels important. Most sports betting sites use American style betting odds and a lot of people seem to have troubles understanding how to read the The negative sign shows you that the odds are showing you how much you need to risk in order to win, while the positive sign. Diego How much are you winning net profits per month now?

Thomas Well, initially I started with a modest bankroll and was profiting less than 1 grand a month. The biggest secret is this to quote from you since you’re the master betting on draws is the only long-term sustainable way to profit consistently in soccer betting.

There’s no need to over-complicate things if people just follow the betting system. Nobody likes betting on draws because it’s boring and stuff. But hey, we’re here to profit while the average bettor just wants to entertain himself while watching a game. The whole idea in betting if you want to profit in the long run is to find value bets like what you taught us.

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The most common type of bet is the single bet, and you use it to bet on a single game. When you enter more than three events on a betslip, the bookmaker should offer you two ways to play the bet, the multiple or the system. Now we come to the question on everybody’s lips, how does system betting work? Placing a bet with this type of wager is easier to do than you may think, and some steps are similar to those of bet types you are already familiar with.

We have summarised the four key steps in the image to the right. After entering in the odds and stake in the relevant places we can calculate the return and the total profit we expect to receive. What’s more, most bookies provide automatic betslips so you don’t have to build your own wager and can simply select the system you want. How is it calculated and how much is the minimum sum of each bet?

"System" is a bet which consists of at least three events. The program forms variants of the events you have selected. If the bet comes with a bonus, and thereby the winning sum exceeds 30, Euros, the bonus is not paid. What is the maximum coefficient? The maximum coefficient of a bet is The odds of bets are dynamic and change depending on the course of the sports event.

Simultaneously the detailed information, such as the expired time, the current score, quantity of the yellow and red cards shown, etc. LIVE bets are available not only for soccer games but also for other sports events, such as Tennis, Formula 1, American Football, Ice Hockey, Skiing, etc. At Odds Shark we use American odds because the majority of betting sites use them, especially when displaying moneyline odds. Odds for this NFL game would look something like this Patriots A winning bet would give you a payout of your comes back along with your winnings of On the other hand, if you were to bet that same on the Giants and they won, you’d get a payout of your original wager comes back with your prize of Betting on the underdog is considered a bigger risk, which is why the payout will be higher.

Our Odds Calculator will show you how much you’d win based on the amount of money bet and the odds. Moneyline Betting for Lower-Scoring Sports. Odds are only a representation of something more important probability.

Getting a handle on how to calculate probability and convert it into decimal odds is the first step in developing your own assessments of betting value. Understanding odds is the biggest challenge that anyone new to betting faces. But what do odds actually represent, and how can you understand the return value for a given stake?

Being able to calculate probability and understand where odds actually come from is an essential part of evolving as a bettor because it enables you to calculate your own expected frequency for an event starting to model your own odds and then compare what you think will happen with what odds are available.

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If a bookmaker’s betting odds are not aligned to public opinion then a disproportionately large amount of money will be placed on only one side of a bet. This would be a gamble for the bookmaker. However, bookmakers are not in the business of speculating on an outcome. Thus, the odds tend to change more as the start of the match gets nearer and nearer and more money changes hands.

Bookmakers set odds based on a mixture of statistical probabilities and public opinion. People choose their bets based on their betting strategy.

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How good they are at selecting matches becomes their edge or their yield. The Betaminic strategy results are all based on closing odds. Thirdly, it is more important to identify value and to bet above the minimum odds, than to worry about beating the closing odds.

Betaminic has its own models based on statistics that find value bets as soon as they come up. True value comes from well researched patterns. Once you know the minimum odds for a value bet, then it is important to compare odds at different bookmakers and get the highest price. Different bookmakers will be balancing out different levels of bets from their customers and this is where we can see price differences. To learn more about implied odds and how they can affect the choices of you and your opponents check out this Implied Odds article here.

For another method of calculating your equity in a pot - one you may find easier - you can check out this Equity article. More Articles about Poker Odds But you’ll most likely have to bet twice. Shoving would avoid this, or being last to act and checking the turn, if possible, then these equity calculations are accurate.

For example, if the pot is and you have 15 outs, or 53 as he suggests, a pot sized bet of, if called, gives you 2 to 1, right? But you only get one card for that bet, and your equity is, not 53. 53 is for 2 cards, not 1, so you’re required to make another bet, so your equity is much lower each betthan the 53.

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Betting Odds - Guide to the best tips on adapting sports betting odds for Indonesian, Hong Kong, and Malay odds.

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Convert odds easily at top sportsbooks. Understanding the different odds systems and variances between pricing structures can be the difference between small and large wins.

From traditional fractional odds, to decimal and onto specialised Asian odds, we’ll take a look at them all below. Learn about betting odds, including how to work out your returns from fractional and decimal odds. We also talk through working out probability from betting odds. Thankfully, once you know what you’re looking at, it gets much more simple! Read on for our guide to betting odds and how to use them effectively. You can follow our horse racing tips daily, where hopefully the odds are in our favour!

Odds are a set of numbers that are used to interpret the chance of something happening. The smaller the odds, the bigger the chance of that thing coming into fruition. In horse racing, betting odds dictate probability and are perhaps the most important piece of sports betting. Fixed odds betting is all about probability.

For dice rolling, the probability function that describes the chance of one or another result occurring can be calculated perfectly by mathematical principle. The skill of a person hardly comes in the play. That’s why odds are not static but fluctuating so much as a result of bookies’ constant effort to balance their books to ensure they keep an over-round present.

In the above example, if Barcelona win is heavily backed, you will see the odds drop to whilst the odds on Real Madrid win are pushed out to to attract more money in order to balance the books. BTW, you may wonder how you find the True Odds. Yes, we can see bookies’ actual odds in their site but where can we find the true odds.

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How to Read Moneyline Odds and Place Bets. When you are wagering on the major American sports, you will often see a point spread, moneyline, and a total. These three options make up American odds. As you become more experienced, you will find that point spreads are the most popular ay to bet on any spot.

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They often offer higher payouts when betting on a favorite team and they also come with reduced risks that are associated with betting on an underdog.

Basically, an underdog does not have to win the game to generate a paying bet with point spreads. They just have to cover the spread. Akin to free bets, enhanced odds offers are an increasingly popular option when it comes to new customer sign up offers and they can be used to devastating effect.

Enhanced Odds Daily Price Boosts. Enhanced odds are a fantastic way of boosting your prize pot, very much in the same way a free bet is. Bookmakers will offer a significant price boost or odds boost on a sporting event to mostly new customers, although there is plenty for existing customers too.

Enhanced odds are a great opportunity for customers to take advantage of some of the best value bets to be found anywhere online. They’re available for new and existing customers, although new customers can also benefit from outrageous price increases as part of their sign up.

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As the bets start coming in, the oddsmakers track which team is receiving most of the betting action. The point spread will move because the oddsmakers will change the line to try to even up the sides. Remember, they want just as many people on one side of a bet as on the other. More people are taking the Cavs giving the eight points? Raise the point spread to nine. All of a sudden, more bets will come in for the Pacers getting the nine points.

Oddsmakers can do the same with the moneyline as well as the total line. The only way to make smart bets is to gather as much information as possible and master how to read Vegas Odds. Get to know every bet as well as you know every team. Get to know all the odds as well as you know every player.

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Learn how to make Money Line bets, how betting odds work plus tips and strategies for moneyline betting in NBA, NFL, MLB and NHL. We’ll clearly show you how the odds and payouts work plus share plenty of tips and strategies to help you win more of your money line wagers. When you’re done you’ll have no trouble not only reading the betting lines but also understanding how to get the best value from this fundamental bet. To put it simply, a money line wager is betting on who will win the game.

Do Moneyline Bets Include Overtime? If you ever come across the terms 2-way moneyline and 3-way moneyline, don’t panic. They’re actually really simple once you learn the basics. 2-way moneylines are the type we’ve been discussing already.

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Bookmakers set odds for events based on many factors. With the ability to read them we can easily determine the probability the bookmaker gives for certain situation to take place. The problem is different bookmakers let punters place their bets in few formats Decimal, Fractional, Moneyline or Malaysian to name the most common. Every format has different formula, but overall they are telling us the same thing - what do bookmaker think the possible outcome will be, and how much money can we win on a bet.

Decimal odds are mostly used in Europe outside of UK, and are simply telling us how much we'll win if the bet comes through. Decimal odds are really just the decimal value of a bet’s fractional odds plus one.

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Most people who want to place bets on sports are fans to begin with. It isn’t unheard of for a gambler to place some sports bets, especially during big games like the Super Bowl or the NCAA basketball Final Four, but for the most part, sports bettors are sports fans looking to use their knowledge of a game or of a game’s players to earn a little extra cash.

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However, when I need to actually calculate odds - like when I need to calculate how much to bet or how much the pot needs to be to call a bet - I do a very simple calculation. Each cards is worth about 2 percent. 152 is but that's a awkward number.

If I ever find myself "multiplying" odds because I need a runner-runner, or something - which is Outs 2"cards to come" - I just fold - or go for a bluff. - When I think I'm ahead in the hand, but someone is trying to run me down, I use the same calculations. I count up their outs based on my read, and figure out how much I need to bet to give my opponents bad odds.

It doesn't bother me if they actually catch the card and make their hand - hey, it happens - actually, of the time on a flush draw.

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It can be much more profitable than pre-game betting. That's why recently bookies implemented delay tim.

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Bet meaning, definition, what is bet to risk money on the result of a race, g Learn more. Bet somebody that And I got on at immediately after that race, and had a fair bet. And throws back his head and laughs out loud at the way the guys hustled to get their bets down. You can't have a safer bet than that! You know how he always liked to bet. Whether Tendulkar rather than McDermott will be the best bet in that direction remains open to question.

The second bet is that drawing a red marble wins, drawing a blue marble wins nothing.

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Because McGregor is a striker and Khabib is a grappler, you'll get even longer odds if you do the reverse and bet on a McGregor win by submission +2, or a Khabib win by knockout . There are also props where you get better odds by not only picking the winner but picking the round in which he'll win.

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There are much more options to bet real money on. If you want to get involved in CSGO pro match betting you should consider making following types of bets Live bets and bets for the matches that will start in future are available in different sections.

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The highest odds available often come from sharp sports. These sportsbooks, such as Pinnacle, offer less than their competition and instead focus their resources on providing their users with higher odds. Most online sportsbooks, like Canadian favourite Sports Interaction SIA, offer odds nearly as high. They also offer more to their customers, such as hour customer service, friend referral bonuses and promotions on some soccer events such as the FIFA World Cup. These odds adjust in real-time to reflect what is happening on the field and how much time remains in the game.

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Betting Exchanges Guide and Comparison. Compare Smarkets, Betfair, Matchbook and Betdaq. Free Bets promo and bonus codes for new customers. Deposit and place a 5 qualifying bet at odds Read more. Join Now More about BetVictor. How do Betting Exchanges make their money? When you have an account with one of the leading betting exchanges, you will pay some sort of commission on each winning bet you make. This is usually a small amount up to 5 which is deducted from any returns when the betting market is settled.

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To risk money on the result of an event or a competition, such as a horse race, in the hope of. Add bet to one of your lists below, or create a new one. VerifyErrors verifyErrors message.

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For more information on how this area works, check out our Odds Comparison Guide. We are also running exclusive enhanced odds offers on a regular basis. These offers allow you to place bets on certain events at highly increased odds. Most of these offers are only available for customers who have not signed up with a bookmaker yet, so you should definitely check our offers below first.

Sports betting odds are something probably every grown up person has come across at some point in their life. Besides the most popular types of sports like football, basketball, and tennis, there are many other events you can bet on nowadays. Often times even large newspapers or television shows will refer to odds.

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How can you change odds and potential reward for my bet after I place it? I would understand if you just changed the value of my stake, since it's logical that it is determined by market prices of the items placed, but changing the odds I have never ever seen that kind of system in my life and I am betting on sports for god knows how many years. It just does not make any sense whatsoever I read all your pinned discussions and watched the videos and did not find any warning that such thing may occur.

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The returns from a bet are determined by the stake, odds and result. The most basic bet is a single which is a bet on one event and one outcome. For example, in a Premier League match, the match odds are for a home win, away win and draw. Assuming the odds for a home win are 64 and the stake is the manual calculation is as follows Stake multiplied by Odds Including Stake equals The same principles apply to more complex bets such as a double. This bet involves two outcomes which both must win for the bet to be successful.

The return from the first element is placed on the second including the stake. The odds are multiplied or accumulated and the return and profit are based on the combined odds.

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How to get more winnings on your bets using this Secret 2 Odds strategy that TRIPLED my bankroll in less than 30 days - even if you have never placed a Single bet before in your life! In less than 2 minutes a day - even if you have ZERO experience in football betting, you will explode your profits using sure 2 odds daily and start making a steady residual income from football betting monthly.

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A money line bet is otherwise known as a straight up bet and this is the best option if you are certain that one team is going to beat another team. Recall the +- odds listed above? When you see a +, that’s how much you can win for every you bet, and when you see a - that’s how much you need to wager to win With moneyline bets, you can instantly calculate how much you’re going to get paid and lock in your bet to get that payout.

American odds are preferred with many US bookmakers, although you can still find decimal point odds, and fractional odds if you want.