This means that you need to wager $105 to make a $100 profit. There are two sets of odds, one for spread betting and one for the moneyline.Īs you can see, the Spread is priced at -105 for an +/- 10.5 line. The example above is from an upcoming NBA game between the Chicago Bulls and Charlotte Hornets. With American betting odds and markets where there are online positive odds, the lowest number is the favorite and then works up from that. In this scenario, the negative odds are the favorite and more likely of winning.

Some markets will include both negative and positive odds.

The negative is the amount of money you need to wager to make a $100 profit. The positive number is the amount of money you will if you place a $100 bet. Looking for consistent odds and an intuitive platform? Sign up at BetOnline.Īmerican odds are displayed as a positive or negative number. Again, we’ve more on this later in the article. A small fee is charged on each bet, which means that for a market like a coin toss, you’ll never get even money and instead get just shy of that which takes into account their cut. There is, however, a caveat to this, which involves the betting sites’ cut, usually referred to as “Juice”. The bookmaker would then give odds of Even money or +100/2.0 depending on what style was being used. There are only two outcomes of a coin toss, heads, and tails. One of the more basic examples we can use for this would be a simple coin toss. The odds will highlight the probability that the betting site thinks the result will happen. We talk more about this later in the article, but for now it’s important to note that while they look different the odds for each format are the same.įor example, an even money bet would be +100 American, 2.0 Decimal, and 1/1 (Evens) in fractional. There are multiple ways that odds can be shown, which include fractional, decimal, and American styles. The first is to showcase the probability of that selection and the second is to highlight the returns for the punter. What are Betting Odds?īetting odds are used for two simple reasons. We’ve included multiple iterations, real-world examples and give you a preview of which sites have the best odds.

In this article, we’re going to look at how betting odds work and how to properly understand the meaning behind the odds. But the reality is, it’s all about betting odds and the price that you get from the sportsbook that is make or break. The betting industry is lavished with promotions, bonuses, and features that aim to entice new players to sign up.

Best online betting odds