Which odds are better

For example, betting on a market priced at 2. Another example of decimal odds in action would be betting on NHL game with odds of 9. You can use the following formula to calculate potential returns with decimal odds:. Whichever format odds are written in, they all have an equivalent in another format. Not only will this help you understand your potential return, but it also makes it easier to compare betting odds across sportsbooks. As the US sports betting industry continues to grow, so does the selection betting options, or betting markets, at each site.

Odds will vary between these markets, and even between the same markets at different sports betting sites. Not quite sure what every US sports betting market means? These are the most popular:. A straight bet is a single bet on the outcome of a game or sporting event that is determined by a money line or point spread.

A futures wager is a bet placed on the outcome of an event in the future. A parlay wager is a single bet that is linked with two or more wagers. In order to win a parlay bet, a bettor must win every wager in the parlay.

We will give you detailed information about each format, including how to read betting odds. This is the most common odds format, which used to be common in Australia, Canada and Europe in the past. However, lately more and more bookmakers have adopted this format , as a result of which it has become the norm. An exception to this is some betting sites in the USA. The reason decimal odds format has established itself as the standard is that it is displayed as a single number, which is positive.

The number expresses how much money you will receive for guessing the correct outcome and includes the original stake. For instance, if you make a stake at odds of 1. If you make a stake at odds of 2. As far as decimal odds are concerned, an even money stake is displayed as 2. We shall now move on to the next odds format.

Moneyline odds are more often than not used in the States, which is why they are often referred to as American odds. So, if you encounter the term American odds, do not worry, this is not a new odds format you are not familiar with. It is the same as moneyline odds. Read more about how to bet with moneyline. What is typical of these odds is that they are expressed in a negative or positive number.

This odds format used to be the standard in the United Kingdom. However, understanding betting odds of this kind is not easy. As you will see, it is not as straightforward as decimal odds, which is probably the reason why the latter are taking over the British Islands. For your peace of mind, we shall say that the format is not as complicated as it appears to be. With a little practice, you will get things right eventually.

Normally, the format is expressed as a fraction. It serves to show that you can win five units for each unit you stake. So far, so good. This does not look so complicated yet. Now, that makes things a little complicated. As a whole, this means that per every unit you stake, you will get 1. What it means is that the potential winnings will be much bigger than the amount of money you need to stake. Overall, this is the same as positive moneyline odds. Basically, it is the same as negative moneyline odds.

How is this expressed in numbers and pronounced? With a good grasp of how to understand odds, what they mean, and how they represent probability you'll be well on your way to becoming more successful at betting. You can donate in his memory to two worthy causes close to his heart, here. New customers only. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply.

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Please gamble responsibly. For assistance with problem gambling please visit GambleAware. Mr Fixit was the resident expert football tipster at Scotland's most read newspaper, the Daily Record, for over 20 years until he sadly passed away in Launched in MrFixitsTips MFT has grown to become one of the most vibrant and active betting communities on the web.

Be part of it by joining the site today. All betting odds are correct at time of publishing and are subject to change. Toggle navigation. Fractional Odds Traditionally, odds in the UK are expressed as a fraction. Decimal Odds Online punters are becoming more familiar with decimal odds, especially if they bet with bookies who have their origins in mainland Europe where they are more common, in fact they're sometimes referred to as European Odds.