What Can Fractional Formats Mean, & American, Decimal?
The numbers you see next to gambling lines are known as chances. The odds, displayed in either American, Decimal, or Fractional formats, serve two functions:
They signal the implied probability of the outcome it is attached to.
They indicate how much money you’ll win if you bet on that particular event.
We have to be careful with the probability however: bookmaker probabilities are affected by where money is moving, and the amount of the probabilities of one occasion will always exceed 100 percent.
Bookmaker probabilities tell you how much they’re charging to take your bet. You could also hear this called”the juice” or”cut” or”vig(orish).”
American Odds Explained
When you see -150, +230, or some other three-digit number with a +/- facing it, you are staring at American betting odds.
What Exactly Does the + and — Participate in Sports Betting?
The — and + on a sports gambling line signifies both your prospective payout and if you are betting on the favorite or the underdog.
If the number is a -, it signifies that the favorite on the betting line. The negative amount indicates how much you’d need to bet to win $100.
If the amount is a +, then you’re taking a look at the underdog, and the number refers to the sum of money you’ll win if you wager $100.
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