What Do American, Decimal, & Fractional Formats Mean?
The amounts you see next to lines are known as chances. The chances, exhibited in American, Decimal, or Fractional formats, serve two functions:
They signal the implied probability of the outcome it is attached to.
They indicate how much you’ll win if you bet on that specific event.
We need to be cautious with all the probability though: bookmaker probabilities are influenced by where money is moving, and the amount of the probabilities of one event will always surpass 100 percent.
Bookmaker probabilities tell you just how much they are charging to take your bet. 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 +/- facing it, you’re staring at American gambling odds.
What Exactly Does Participate in Sports Betting and — the +?
The — and + on a sports gambling line signifies both your potential payout and whether you’re gambling on the favorite or the underdog.
If the amount is a -, it signifies that the favorite on the gambling 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 refers to the amount of money you’ll win if you bet $100.
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