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How to Read Sports Betting Odds


Odds are a great way to choose the best bets and calculate the probability of a sporting event outcome. Unless you understand how to read the odds, you can never bet with certainty.

Betting odds are displayed in different formats, and here’s how you can understand them.

Fractional Odds

Famous among Irish and British bookies, fractional odds are written with a hyphen (-) or slash (/). If you see a 6/1 on a board, it simply means the $6 you won over the $1 you wagered. In simple terms, it’s a ratio of profit against the initial bet.

The bettor receives an additional $1 along with the profit they earned from the bet. Hence, a total payout of $7. Similarly, if you bet $10 at 6/1, you will get $70 upon winning the bet.

Decimal Odds

Two rolling dices

Another type of sports betting odds is decimal odds. These odds are famous in Canada, continental Europe, New Zealand, and Australia. It represents the number of wins against every $1 initial bet for the sporting event.

Decimal odds are a sum of the total payout, including the profits. In easy words, the Total Payout = Stake x Decimal Odd Number for the game.

Moneyline Odds

Known as the American Odds, the Moneyline Odds are extremely famous in the US. The favorite odds are represented with a minus (-) sign. The sign shows how much you need to stake if you want to win $100.

Apart from it, the underdog’s odds are represented with a (+) sign. The sign represent the amount you won every time you staked $100 in the sporting event.

The bigger the difference between underdogs and favorites, the bigger the probability of the favorites winning the game. In Moneyline Odds, the bettor gets the won amount along with the initial wager.

Looking for Best Betting Offers? Check Betting Sites Ranking Today!

Once you know how the odds work, it’s time to start betting on your favorite game. No matter if you’re looking for the best gambling websites or best odds for the game – we’ve it all for you on our website.

The website features comparisons between different betting sites that give a detailed analysis of various betting odds and offers. Choose from them and bet on your favorite game without any worry. We only list the websites that are authentic and genuine.

In case you want to pay through cryptocurrency, you can check the list of best cryptocurrency betting sites on our website. Enjoy online gambling with us!

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