What Do American, Decimal, & Fractional Formats Mean?
The amounts you see next to betting lines are called odds. The odds, exhibited in either American, Decimal, or Fractional formats, serve two functions:
They indicate the implied probability of this outcome it is attached to.
They indicate how much you’ll win if you bet on this particular event.
We need to be cautious with the probability however: bookmaker probabilities are affected by where cash is moving, and also the amount of the probabilities of one occasion will always exceed 100 percent.
Bookmaker probabilities tell you how much they are charging to take your wager. You could also hear this called”the juice” or”cut” or”vig(orish).”
American Odds Explained
When you visit -150, +230, or some other three-digit number using a +/- in front of it, you are staring at American betting odds.
What Does Mean in Sports Betting and — the Factory?
The + and — on a sports gambling line indicates both your prospective payout and if you are gambling on the favorite or the underdog.
If the number is a -, it indicates the favorite on the gambling line. The negative number indicates how much you would need to wager to win $100.
If the number is a +, you are looking at the underdog, and the number denotes the amount of money you’ll win if you bet $100.
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