{"id":1512,"date":"2024-05-14T12:04:59","date_gmt":"2024-05-14T12:04:59","guid":{"rendered":"https:\/\/piegaming.com\/?post_type=post&#038;p=1512"},"modified":"2026-04-09T09:09:55","modified_gmt":"2026-04-09T09:09:55","slug":"odds-in-sports-betting","status":"publish","type":"post","link":"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/","title":{"rendered":"A Beginner&#8217;s Guide to Understanding Odds in Sports Betting","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p><span style=\"font-weight: 400;\">We believe that you are new to the <strong><a href=\"https:\/\/piegaming.com\/blog\/sports-betting-market-growth-future-and-trends\/\">sports betting market<\/a>,<\/strong> and that\u2019s exactly why you\u2019ve landed here. Well, let us tell you that you are at the right place!<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#What_are_the_odds_in_sports_betting\" title=\"What are the odds in sports betting?\">What are the odds in sports betting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Different_types_of_odds_in_Sports_Betting\" title=\"Different types of odds in Sports Betting\">Different types of odds in Sports Betting<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Decimal_odds\" title=\"Decimal odds\u00a0\">Decimal odds\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Fractional_odds\" title=\"Fractional odds\">Fractional odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Moneyline_odds\" title=\"Moneyline odds\">Moneyline odds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#How_are_odds_in_sports_betting_calculated\" title=\"How are odds in sports betting calculated?\">How are odds in sports betting calculated?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#1_Probability_assessment\" title=\"1. Probability assessment\">1. Probability assessment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#2_Market_forces\" title=\"2. Market forces\">2. Market forces<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#3_Vig_or_Juice\" title=\"3. Vig or Juice\">3. Vig or Juice<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#How_to_Convert_Odds_in_Sports_Betting\" title=\"How to Convert Odds in Sports Betting\">How to Convert Odds in Sports Betting<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Converting_decimal_odds\" title=\"Converting decimal odds\">Converting decimal odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Converting_fractional_odds\" title=\"Converting fractional odds\">Converting fractional odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Converting_moneyline_odds\" title=\"Converting moneyline odds\">Converting moneyline odds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/piegaming.com\/pt-pt\/blog\/odds-in-sports-betting\/#Wrapping_up\" title=\"Wrapping up\">Wrapping up<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><span style=\"font-weight: 400;\">Just as an investor carefully analyzes the market and weighs the risks against the rewards, a sports bettor must also develop a keen understanding of the key concepts in betting, one of them being odds.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s dive in and understand sports betting and odds in sports betting, how they are calculated, and how, as a beginner, you can read them.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_odds_in_sports_betting\"><\/span><span style=\"font-weight: 400;\">What are the odds in sports betting?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Odds in sports betting determine the probability of an event happening and the potential payout that you can fetch out of it if it does.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just like evaluating stock prices or market trends, interpreting odds is crucial for making informed decisions about where to place your wagers in the global sports betting world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Odds can be represented in three broad categories, namely, decimal, fraction, or moneyline odds, also known as American odds in sports betting. You will encounter the odds being depicted in any one of these formats, so you must understand how to read all of them. We will explain them in the upcoming section.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Different_types_of_odds_in_Sports_Betting\"><\/span><span style=\"font-weight: 400;\">Different types of odds in Sports Betting<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1515 size-full\" title=\"Different types of odds\" src=\"https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/Different-types-of-odds.png\" alt=\"Different types of odds\" width=\"1024\" height=\"557\" srcset=\"https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/Different-types-of-odds.png 1024w, https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/Different-types-of-odds-300x163.png 300w, https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/Different-types-of-odds-768x418.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Decimal_odds\"><\/span><span style=\"font-weight: 400;\">Decimal odds\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the most straightforward ways of representing odds is through decimals. As the name suggests, these odds in sports betting are expressed in decimal numbers that indicate the potential payout for every $1 wagered, including your original stake.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, let\u2019s consider the decimal odds for the upcoming basketball game:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Team A: 2.75<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Team B: 1.45<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, if you decide to bet $1 on team A and they win, you get a total amount of $2.75, which will be inclusive of the initial stake, i.e., $1 plus profit of $1.75.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, if you bet on team B, you get $0.45 as profit plus $1 that you had wagered initially.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To calculate your potential profit, you would multiply your stake by the decimal odds and then subtract your original stake amount. So, if you bet $100 on Team A at 2.75 odds, your potential profit would be:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Potential payout = $100 x 2.75 = $275<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Potential profit = $275 &#8211; $100 (original stake) = $175<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1529 size-full\" title=\"a piece of pie\" src=\"https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/a-piece-of-pie-2.png\" alt=\"a piece of pie\" width=\"1024\" height=\"300\" srcset=\"https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/a-piece-of-pie-2.png 1024w, https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/a-piece-of-pie-2-300x88.png 300w, https:\/\/piegaming.com\/wp-content\/uploads\/2024\/05\/a-piece-of-pie-2-768x225.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In the above example, team A is considered the underdog while team B is the favorite. Don\u2019t worry, these concepts might read confusing, but we will clarify them in the upcoming sections of the article.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fractional_odds\"><\/span><span style=\"font-weight: 400;\">Fractional odds<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is another method of representing odds in sports betting. These odds are typically represented in fractions such as \u00bc, 3\/1, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fractional odds, the numerator signifies the profit earned while the denominator represents the amount wagered.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, let&#8217;s look at the fractional odds for an upcoming soccer match:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Team X: 3\/1<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Team Y: 1\/4<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, if you bet $1 on team X, your payout if you win will be $3 plus your initial bet, which is $1, making the total amount $4.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, if you bet on Team Y with odds of 1\/4, it means that for every $4 you wager, you&#8217;ll receive a profit of $1 if Team Y wins. The total payout would be your original $4 stake plus the $1 profit, which is $5.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, to calculate the profits,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stake * (numerator\/denominator)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, let\u2019s take another scenario where you wager $20 on team X, so by the formula, your profit will be as follows:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">20*3\/1 = 60\/1 = $60 (Also, don\u2019t forget to add your initial $20 to the payout, making it a total of $80)<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Moneyline_odds\"><\/span><span style=\"font-weight: 400;\">Moneyline odds<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Moneyline odds in sports betting are also known as American odds (don\u2019t confuse them with moneyline bets!).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Money line odds can be a little tricky to understand as they are represented with either a (+) or a (-) sign before them. To understand why, we\u2019ll have to decode the concept of favorites and underdogs.<\/span><\/p>\n<p><strong>Positive moneyline odds (Underdogs)<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">When a team or outcome has positive odds, like +150 or +275, it indicates an underdog. The number represents the potential profit you would make if you bet $100.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if a team is listed at +200 money line odds in sports betting, it means they are the underdog. If you bet $100 on them and they win, you would receive a payout of $300 (your original $100 stake + $200 profit).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The higher the positive odds in sports betting, like +400 or +500, signify an even bigger underdog with higher potential payouts if they pull off the upset victory.<\/span><\/p>\n<p><strong>Negative moneyline odds (Favorites)<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">When a team or outcome has negative odds, like -120 or -250, it indicates a favorite. The number represents the amount you would need to risk to potentially win $100.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, if a team is listed at -150 money line odds, they are the favorite. To win $100 on this bet, you would need to risk $150. If the favorite wins, you get your $150 stake back, plus the additional $100 profit, for a total payout of $250.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lower negative odds, like -300 or -500, signify an even bigger favorite, meaning you&#8217;d need to risk more to win the same $100 potential profit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The higher the positive odds, the bigger the underdog and potential payout. The lower the negative odds, the bigger the favorite, but the potential profit is smaller relative to the risk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Understanding money line odds allows you to quickly identify underdogs and favorites, and evaluate the risk versus potential reward before placing your bets, similar to assessing high-risk, high-return versus lower-risk, lower-return investment opportunities.<\/span><\/p>\n<p><strong>Read Also: <a href=\"https:\/\/piegaming.com\/blog\/scope-of-online-sports-betting\/\">Scope of Online Sports Betting<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_are_odds_in_sports_betting_calculated\"><\/span><span style=\"font-weight: 400;\">How are odds in sports betting calculated?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now you know how to read odds in sports betting, no matter which format they are in. However, have you ever wondered who sets these odds or how they are calculated in the first place? Let\u2019s help you understand it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sportsbooks and bookmakers expend significant resources to determine the correct odds that allow them to make profits in the long run. Several factors go into creating these odds. Let\u2019s look at them one by one.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Probability_assessment\"><\/span><span style=\"font-weight: 400;\">1. Probability assessment<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">So the first step in the process is estimating the probability of the outcome happening. This is done after extensive research into team stats, injuries, home-ground advantage, and other such variables.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Market_forces\"><\/span><span style=\"font-weight: 400;\">2. Market forces<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The bookmakers also try to understand what is the initial response from the public. If the response is heavily lopsided, they try to adjust the odds to ensure a balance, which also means reduced risk.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Vig_or_Juice\"><\/span><span style=\"font-weight: 400;\">3. Vig or Juice<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The vig or juice can be simply understood as the commission of the bookmaker. This commission is earned by setting odds at slightly worse values than true probability would dictate. This overround provides them an edge to make a profit over the long run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In simple words, the vig or juice is the commission that the bookmaker takes from bettors as the house.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if a game has a true 50\/50 probability, the sportsbook may set the odds at -110 on both sides instead of +100. This -110 pricing means you&#8217;d have to bet $110 to win $100, giving the bookie that extra $10 as their commission on whichever side wins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By using these steps, bookmakers calculate the odds that maximize their profits while also keeping sufficient action on both sides to place a bet.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Convert_Odds_in_Sports_Betting\"><\/span><span style=\"font-weight: 400;\">How to Convert Odds in Sports Betting<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While odds in sports betting convey the same probability in different formats, being able to convert them is a skill you need to master if you are planning to step into this field. Let\u2019s help you understand the conversion process.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Converting_decimal_odds\"><\/span><span style=\"font-weight: 400;\">Converting decimal odds<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\">To convert decimal odds to fractional:<\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Take the <a href=\"https:\/\/www.nytimes.com\/athletic\/2544857\/2022\/01\/27\/how-to-read-decimal-odds-in-sports-betting\/\" target=\"_blank\" rel=\"nofollow noopener\">decimal odds<\/a> and subtract 1 from it<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">That becomes the numerator of your fraction while the denominator is 1<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For instance, decimal odds of 2.75 convert to fractional of 2.75 &#8211; 1 = 1.75<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fractional odds = 1.75\/1 or 7\/4<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To convert to moneyline odds from decimal:<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If decimal &gt; 2.0, take (Odds x 100) &#8211; 100 to get positive moneyline<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If decimal &lt; 2.0, take -100\/((1\/Decimal) &#8211; 1) to get negative moneyline<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For example, 3.5 decimal = (3.5 x 100) &#8211; 100 = +250 moneyline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, 1.67 decimal = -100\/((1\/1.67) &#8211; 1) = -150 moneyline<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Converting_fractional_odds\"><\/span><span style=\"font-weight: 400;\">Converting fractional odds<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>To convert fractional odds to decimal:<\/strong><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Divide the numerator by the denominator and add 1<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Taking the previous example, 7\/4 becomes 1.75 + 1 + 2.75<\/span><b><\/b><\/p>\n<ul>\n<li><b>To convert to moneyline odds from fractional:<\/b><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Multiply the fractional numerator by 100 to get positive moneyline odds<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use the negative fraction denominator x 100 for negative moneyline odds<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For example, 5\/1 fractional = 5 x 100 = +500 moneyline or 1\/4 fractional = -(4 x 100) = -400 moneyline odds.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Converting_moneyline_odds\"><\/span><span style=\"font-weight: 400;\">Converting moneyline odds<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><b>To convert moneyline to decimal:<\/b><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If the moneyline is positive: Divide by 100 and add 1<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If the moneyline is negative: Divide 100 by the moneyline amount, then add 1<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For example:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">+200 moneyline = 200\/100 + 1 = 3.0 decimal odds<\/span><\/p>\n<p><span style=\"font-weight: 400;\">-150 moneyline = 100\/150 + 1 = 1.667 decimal odds<\/span><b><\/b><\/p>\n<ul>\n<li><b>To convert moneyline to fractional:<\/b><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">For positive moneyline, take the number as the numerator over 100 for the denominator<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Example: +400 moneyline converts to 4\/1 fractional odds<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">For negative moneyline, take 100 as the numerator over the moneyline number as the denominator<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So, -200 moneyline converts to 100\/200 or 1\/2 fractional odds<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wrapping_up\"><\/span><span style=\"font-weight: 400;\">Wrapping up<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Odds in sports betting are important to understand if you want to excel in the field. Interpreting and reading the odds carefully will help you to assess risks versus rewards while placing bets. As the future of sports betting continues to look bright, with new markets and opportunities emerging, having a solid grasp of odds will be crucial for making informed decisions and maximizing your potential returns.<\/span><\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Odds on sports betting are the odds of an event as well as how much you get out of a winning bet. This easy-to-follow guide covers some of the basics on how odds function, how many ways sportsbooks format them\u2014how they are presented\u2014and how a game bettor can confidently read and interpret them. <\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":5,"featured_media":1513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[12],"tags":[238,236,215,237],"class_list":["post-1512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports-betting","tag-global-sports-betting","tag-odds-in-sports-betting","tag-sports-betting","tag-sports-betting-market"],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/posts\/1512"}],"collection":[{"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/comments?post=1512"}],"version-history":[{"count":9,"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/posts\/1512\/revisions"}],"predecessor-version":[{"id":6720,"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/posts\/1512\/revisions\/6720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/media\/1513"}],"wp:attachment":[{"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/media?parent=1512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/categories?post=1512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/piegaming.com\/pt-pt\/wp-json\/wp\/v2\/tags?post=1512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}