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If you are planning to place a bet on a sports game between two teams, the first thing you should be aware of is the amount you could win if you were to predict the result correctly. The first thing that the bookmaker will reveal is the odds as they're just numbers that tell the amount you'll be able to win if you place the bet. Although they'll all be the same amount, you'll not see a similar number at different sportspooks since every one uses a different method of specifying the odds. This article will provide various types of betting odds specifications as well as how to calculate potential gains for each. There are three kinds of odds specifications: Fractional odds, also known as UK odds and Decimal odds which are also called European odds. Since they accurately reflect the situation, Decimal forms are considered the standard specification method. Odds specification is used to calculate the bet amount as well as the winnings. To achieve this it is necessary to know three terms which are: stakes, winners, and pay-outs. Stakes refers to the amount wagered, winnings are the amount that is won from a bet, and pay-outs are the sum of money that is paid out when a bet has been successful. Pay-outs are the sum of stakes and winnings. These terminologies might seem insignificant, but they are the heart and soul of any odds calculations. It is also crucial to know three other terms related to the strength of teams playing: they are Odds, odds on, and odds against. Evens are when the two teams are equally strong and thus there isn't a favorite or underdog. online place a bet of $1 and make $1, provided that there are no commissions involved. Odds-on refers to the probability of winning for the favourite and in this instance, winnings are less than the stakes. Odds-against refers to the underdog, and winnings will usually be more than stakes. In the case of evens odds (the most popular type of sports betting) odds are assigned to both sides. They will be 1.90 in decimal odds, 9.10 in fraction and -111 American odds. All of these odds are the same, "bet one dollar for 90 cents". In fact, if there were no commission involved or if the betting was just among friends, the odds would have been 2.0 1, 1/1 and 100, respectively in the three different types of odds. They refer to "bet one dollar and win a dollar". Decimal Odds (European). These are simply factors that indicate how-many-times-the-stake will the pay-out be. For instance, odds of 2.50 mean that the pay-out will be two and one-half times the stake, or for each dollar wagered, the pay-out will be $2.50. best games to play -out = Stake * Decimal Odds Win = stake * (Decimal Odds-1) Fractional Odds (UK) These numbers show that a stake of equal or more than the numerator is likely to result in a winning amount equivalent to the sum of its numerator. If you wager 11 units and get 10, the odds are that you will get 10 units. For every $11 you wager the winnings will be $10. Winning = Stake * Fraction Odds Pay-out = stake * (Fraction Odds Plus 1) American Odds (US). American odds are indicated by numbers always greater than or equal to 100 preceded by an "+" or"-" sign. These signs are not mathematical symbols; they are simply symbols that let you know if your winnings are higher than or lesser than your stakes. player games is used to signal that you are an underdog when winnings are greater than stakes or an odds-against bet; while the negative sign indicates favorites or odds-on betting. Both these odds are based on totally different concepts, which is why they use separate calculations. Negative odds indicate how much to wager to win $100. For instance odds of -110 means that in order to be a winner, the wager must be at least $110. Winning = Stake * 100/negative American Odds Pay-out = stake * (100/negative American Odds+ 1) If $100 is bet and the odds of winning are positive. For example odds of +110 indicate that $110 will be won, when $100 are wagered. Winning = stake * positive American Odds/100 Pay-out = Stake * (positive American Odds/100 + 1) They have unique qualities. Decimal odds are always more than 1.0 because '1' is the stake. American chances are never greater than or equal to 100 (remember that + and – are symbols, not mathematical numbers). Fractional and American odds are indicative of winnings and decimal odds are a sign of pay-outs. If you are able to win the same amount of money as the stake you placed, that is called an even chance. So, evens are depicted by 2.0 in decimal, by 1/1 in fractional odds and by 100 in US odds(-100 and +100 are the same). In cases of odds-on, which is when the stakes are smaller than winnings, which is normally the case of a favorite team the decimal odds are between 1.0 and 2.0. In fraction odds, they can be distinguished by the fact that the numerator (winning) is lower than the denominator (the stake) In US odds, they are negative odds. If there is an odds-against situation where winnings are greater than stakes The decimal odds will be higher than 2.0. The numerator of fraction odds will be greater than the denominator. These are the US odds.

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