Decimal odds are shown as one number representing the amount a bettor can win for every $1 wagered.įor example, a $1 bet on decimal odds of 3.0 would return $4 in total, a $3 profit, and the original $1 wager back. Conversely, betting $15 on a bet with -150 odds would profit $10, returning $25 with your initial $15 risk back. For example, a $10 bet with +130 odds would profit $13, returning $23 with your original $10 risk back. For example, if the odds for a bet are +130, a bettor would have to risk $100 to profit $130. This means you need to risk $100 to profit a certain amount. If the bet is not expected to win, you will see positive odds (+ sign in front). For example, if the odds for a bet are -150, a bettor would have to bet $150 to profit $100. This means you need to risk a certain amount of money to profit $100. If the bet is favored to win, you will see negative odds (- sign in front). American odds are based on a $100 bet but differ based on which side of the bet is expected to win. If you bet the Lakers +5, they would need to win outright or lose by less than five points for the bet to win.Įvery line has corresponding betting odds, but those lines almost always imply a 50% probability with the sportsbook cut baked in. If you bet the Celtics -5, they would need to win by more than five points for the bet to win. This adds or subtracts points from a team’s final score based on if they are the favorite or the underdog. If oddsmakers calculate the Celtics will win by five points on average, they will set a line such as: Sports betting lines reflect a matchup’s expected margin of victory or defeat.įor example, the Boston Celtics and the Los Angeles Lakers are playing tonight. However, sports betting odds reflect just one part of the betting process. Odds are displayed in one of three ways: American, decimal or fractional fashion. Second, sports betting odds dictate how much money a bettor needs to wager to make a certain profit. The sum of the probabilities exceeds 100%, as sportsbooks take a small cut on both sides of a line. Oddsmakers will set the lines according to the implied probability of either outcome happening. Here is a list of our partners who offer products that we have affiliate links for.įirst, sports betting odds outline a particular game or event outcome’s theoretical likelihood. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective.
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