NCAAB ODDS

BETTING ODDS FORMATS

The three most important betting odds formats are American, decimal, and fractional odds. A betting odds calculator can calculate these formats. The sportsbooks in Asia may also quote Hong Kong, Indonesian, and Marlay odds. 

AMERICAN OR MONEYLINE ODDS

The American odds are also identified as Moneyline odds. The American odds usually start with a plus(+) or a minus(-). 

Positive odds (+): It states the amounts of profit you would earn from a $100 bet if your wager is successful. For example, an American odds of +120 would win $120 on a successful $100 bet. You would also get your stake returned for a successful bet, so your return would be $220.

Negative odds(-): It indicates the amount you would need to wager to get a $100 profit. For example, an American odds of -120  means that you must wager $120 to earn a $100 profit. You would get your stake returned if your bet wins so that your return is $220. 

You can wager any amount you like. If one of the teams has a negative odd and the opposition team has a positive odd, the negative one is the favorite while the positive one is the underdog. 

Decimal Odds: Decimal odds are mostly used outside of the United Kingdom, United States, and Ireland. It states the potential profits you should expect on your bet amount if your bet is successful. It includes the amount of profit earned and your stake. A decimal odd makes it easier to know your returns on a parlay. You can use a parlay calculator to make conversions in decimal and American odds.

For example, a decimal odds of 2.50 means that you would enjoy a return of $2.50 for every $1 you wager. That is $1.50 profit and $1, which represents your stake. 

Fractional Odds: It is used mainly in the United Kingdom and Ireland. It is also known as traditional odds. Fractional odds are quoted as a fraction showing the potential amount paid out relative to a given stake. The first number(numerator) is the amount you would win by risking, while the second (denominator) is your stake. A fraction odd of ⅘ means earning $8 profit for every $10 you stake. 

Fractional odds of ⅘ is equivalent to an American odds of -125 and a decimal odds of 1.80. If the fraction is less than one, it is known as odds-on. An odds converter can make this conversion.

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