What are the Odds of Betting Winning?

 How do odds work in betting?

How Fractional Odds work

FractiIt is easy to determine that the Brooklyn Nets have the best odds of winning, while the odds of Golden State or Milwaukee winning are higher. With $5 bets on Brooklyn becoming the champions, you'd win $13. For every $2 you place on Golden State winning you would win $9. This is slightly less likely. For Milwaukee, you would win $7 per $1 bet.

The above example shows that if you place $100 on Brooklyn winning, you could make a $260 gain ($100x (13/5)), as well as your $100 initial stake, which would result in a $360 total payout. You could make a profit if you place $100 on Golden State. In addition to your initial $100 stake, this will give you a total of $550.

You could earn $700 ($100 x 7.1/1)) from a Milwaukee win. This is an even greater potential profit. The initial $100 stake would return $800.

How Decimal Odds work

Decimal odds, also called "digital" or "European", are very popular in Canada, Australia and New Zealand. These are much easier to comprehend and work with. The numbers can quickly reveal the favorites and underdogs.

The decimal odds number is the amount that one wins for every $1 wagered. Decimal odds numbers represent the total payout and not the profit. The decimal number already includes your stake, which means you do not need to add your stake back. This simplifies the calculation of its total payout.

A fractional listing at 6/1 would allow you to win $6 per $1 wagered. This is the ratio between the profit (profit) earned and the initial wager. In other words, you will receive your stake ($1) as well as the profit ($6). Thus, the total payout would be $7. You will receive $70 if you win and stake $10 at 6/1. The Steelers have odds of +585 from the bookmaker, which means that they are more likely to win than 15%. For a win of $585, you need to wager $100 on Steelers. You get your $100 stake back if the Steelers pull off an upset. The $585 won will also be returned to you, making the total payout $685.

You would need $760 to win $100 if you choose to wager on the Chiefs, the team that the bookmaker says has a higher implied likelihood of winning the game. The Chiefs win and you will receive $100 (initial stake $760 + $100 profit).

There is a significant difference between the odds in this matchup. This indicates a higher chance of the Chiefs winning.

What are the Five-to-1 Odds?

Five-to-1 odds means that for every $1 wagered, you could win $5 if your bet is successful. Fractional odds have two numbers: the number on your left shows how much you win, and the number on your right indicates how much to stake.

What are +200 Odds

American money line odds are those where odds are expressed with an + or a- followed by numbers. For example, +200 indicates the maximum amount a gambler could win if he wagers $100. The total payout for the bet would be $300 ($200 net profit and $100 initial stake).

Is it better to have negative or positive odds?

Negative numbers refer to the favorite and show how much you have to stake to win $100. Negative numbers refer to the favorite and indicate how much you can win if your bet is $100. How to Win at Betting - 97% Win Rate Guide Or Money Back Review