Las Vegas Betting Lines at VegasInsider.com. Specializing in free sports picks, gambling handicappers, Internet sports betting odds and online sportsbooks
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. The types of odds are simply different ways of presenting the same thing...
Decimal odds represent the amount that is won for every $1 that is wagered. For instance, if the odds are 3.00 that a certain horse wins, the payout is $300 for every $100 wagered.
A minus symbol in betting odds tells you that you need to wager that much in order to win a $100 profit. A $100 bet at -110 would earn you a $91, while a $10 bet at -110 would earn you $9.10.
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Decimal odds represent the amount a bettor wins for every $1 wagered. And the number represents the total return, not just the profit like American and fractional odds. The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
American odds, depending on whether there is a negative (-) or a positive (+) sign, indicate either the amount of money you need to bet in order to win $100 or the amount of money you would win for every $100 wagered. Decimal odds represent the amount of money you win for every $1 bet.
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Understanding betting odds is critical to becoming a successful sports bettor or at least giving yourself a better chance at winning pick’em pools and other contests. Odds Shark shows you how the betting line is set, who sets the line, and Why Lines Move during the week.