What Do American, Decimal, & Fractional Formats Mean?
The amounts you see next to lines are known as 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 money you’ll win if you gamble on that specific event.
We need to be careful with all the probability though: bookmaker probabilities are affected by where cash is going, and also the sum of the probabilities of one occasion will always exceed 100 percent.
Bookmaker probabilities tell you how much they’re charging to take your wager. You could also hear this referred to as”the juice” or”cut” or”vig(orish).”
American Odds Explained
When you visit -150, +230, or any other three-digit number using a +/- facing it, you are staring at American gambling odds.
What Exactly Does Participate in Sports Betting and — the +?
The + and — on a sports gambling line indicates both your potential payout and if you’re betting on the favorite or the underdog.
If the amount is a -, it signifies that the favorite on the betting line. The negative amount indicates how much you would want to bet to win $100.
If the number is a +, you are taking a look at the underdog, and the number denotes the sum of money you’ll win if you bet $100.
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