Search

What are the Different Types of Odds?

Nick Wilhelm

Updated: Aug 09, 2022 06:22

Are you a total beginner of sports betting? Do you want to go deeper into this area? If you want to get a better understanding of sports betting, one of the first things you should learn about is odds. While odds are never 100% precise, they are still an important consideration to consider when wagering on sports.

In sports, your understanding of odds and how you utilize them to your advantage may make or break a winning wager.

In this article, we explain the most popular types of betting odds in sports betting which are decimal odds, Moneyline odds, and fractional odds. Each of these types of odds presents the same things–the probability of a team or a player to win a game, and other factors. Let's check them out together!

different types of betting odds

Type 1. Moneyline Odds

If you want to bet correctly, and get prediction, you can check out more information of football games, players, teams and news on ClevPicks: Reliable football betting prediction using artificial intelligence.

Moneyline odds are often known as American odds since they are most commonly utilized in sports played in the United States. This sort of betting odds divides the rival teams or players into two groups: favorites and underdogs.

The odds with a minus sign (i.e. -110, -130) are regarded the favorites in Moneyline Odds. This is the amount that would have to be wagered in order to win $100. The greater the number, the stronger the preference for that side.

When the odds feature a plus sign (e.g., +140, +200), it signifies the underdog is on the winning side. The amount a bettor would earn for every $100 risked is shown by the number next to the plus sign. The greater the number, the less likely it is that the result will occur. As a result, a bettor's payoff will be increased as well.

Type 2. Decimal Odds

Decimal odds, often known as European odds, are more typically used in European and other overseas sportsbooks, such as Australia, Canada, and New Zealand. If you win your wager, the amount you bet is simply multiplied by the odds, and the result is included in your payment.

For example, if you bet $1 on a team with odds of 3.00 and win, you will receive a total payment of $4, which includes $3 in wins and the $1 you risked. Is decimal odds simple, right?

One significant distinction between decimal and moneyline odds is how the payoff is interpreted. With moneyline odds, you'd calculate your payment by subtracting your original wager from your total profit.

Type 3. Fractional Odds

Fractional odds are called UK odds, the odds are shown as a fraction. For instance, 3/1 would imply that they profited three times the value of their initial stake. As a result, bettors who put $100 will receive a total payout of $400, but only $300 of that will constitute profit.

The odds are less than 1:1 whenever a fraction is less than one. This suggests that a bettor will make a loss compared to their initial stake. The payoff will not vary regardless of the settings or the type of odds you select.


Hot Matches
  • Regionalliga Northeast
    Unlock VIP

    18:00

    Feb 22

    Energie Cottbus
    VS
    BSG Chemie Leipzig
Home > News Center > What are the Different Types of Odds?

Reliable Football Betting Prediction Using Artificial Intelligence

close

Login

The email address is not valid.

Incorrect username or password.

I agree on the ClevPicks EULA & Privacy Policy.

or

Already have an account?  Login

close

Reset Your Password

Enter your email address and we will send you a link to reset your password.

This field is required.

Return to

close

Please Check Your Email

successful

We just sent a password reset link to the email address you specified. If you can't find it in the inbox, go to check your spam or junk folder.

If you don't receive the email in the next 24 hours, please contact our support team at
support@clevpicks.com

close

Link to an E-mail

Before using our services, your account should be tied to a valid email address.

This field is required.

Binded successfully!

Return to

Congratulations!
You will receive 0 coins.
You can go to the prediction page to unlock the VIP prediction plans!
Betting Now
Sign In