Betting odds is a payout ratio that has the house profit margin built into it Take for example the game of roulette at a casino The possible outcomes for a bet on a single number are the numbers 1 to 36 and 0 or 00 for a total of 38 possible outcomes The payout odds for a bet on a single number is 35 to 1 This is odds of winning 135
If the number is negative it shows the amount youd have to stake to win 100 in profits The higher the odds the more youd have to bet to win 100 If the number is positive it shows how much youd win if you bet 100 The higher the number the bigger your payout Here are some examples of how to read betting odds
Positive American Odds These odds reflect how much you win on a single 100 bet For example a positive American odds 110 would win 110 for a 100 wager Negative American Odds The odds indicate how much you must bet in order to make 100 profit For example a wager on a team with American odds of 90 would win 100 on a 90 bet
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Free Bet Calculator See how much profit you can guarantee yourself by betting the other side of a free bet Hold Calculator Calculate how much of a cut a sportsbook is taking on a betting market based on the odds Odds Converter Convert between the three odds formats including American Decimal and Fractional
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These odds are as you would expect most common in the US and work off the basis off a 100 bet being a standard stake American odds are portrayed as 100 550 860 and so on If for example you had odds of 800 it would be the same as 81 or 9 in decimals meaning it is not like getting 8001 odds hence why we said it is based off of a
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You stand to profit 110 if you bet 100 at 110 odds or 300 if you bet 100 at 300 odds American odds less than 100 are favorites The smaller the number the higher the implied probability a side has to win 110 is a slight favorite with a 5236 implied probability while 300 implies a 75 chance
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Positive odds show how much profit you would make on a 100 bet while negative odds indicate how much you need to bet to win 100 How do you use an odds calculator As you can see there is a free odds calculator on this page and it is quite intuitive so the process to use it is very straightforward Just to clear up an rookie errors the
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The bet calculator allows you to input your stake odds in American formats to quickly calculate the payout for your bets
2 OverBetting Overbetting or placing too much of your bankroll on a single wager is another mistake that leads to significant losses By spreading your bets and managing your bankroll effectively you reduce your exposure to risk 3 Ignoring Value Bets A value bet is when the probability of an event occurring is greater than the odds
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