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If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Trading Psychology. Business Essentials. Wealth Management. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds.

These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. A Look at Casino Profitability. Partner Links. Related Terms Currency Binary Option Definition A currency binary option is a way to make very short-term bets on exchange rates.

Learn About Conditional Probability Conditional probability is the chances of an event or outcome that is itself based on the occurrence of some other previous event or outcome. Martingale System Definition The Martingale system is a system in which the dollar value of trades increases after losses, or position size increases with a smaller portfolio size.

Dutch Book Theorem Definition Dutch Book Theorem is a type of probability theory that postulates profit opportunities will arise when inconsistent probabilities are assumed in a given context. Lump-Sum Distribution A lump-sum distribution is a one-time payment for an entire amount due, rather than payments broken into smaller installments.

So if you're betting on the Packers at against the Vikings, that means Green Bay is a slight favorite. And the number represents the total return , not just the profit like American and fractional odds. The Packers would be 1. The Vikings would be 2. Fractional Odds are used primarily in the UK and Ireland.

Few bettors use fractional odds for betting sports other than horse racing , because the conversions to understand return are difficult. To calculate winnings on fractional odds, multiply your bet by the top number numerator , then divide the result by the bottom denominator.

Odds correlate to the probability of a team winning, which is the implied probability. A favorite has about a To calculate implied probability, use the following formulas:. As a responsible bettor, it is important to understand proper bankroll management.


In other words, your stake is already included in the decimal number no need to add back your stake , which makes its total payout calculation easier. The total potential return on a stake can be calculated as:. For instance, one of the renowned betting websites priced the candidates to win the U.

Presidential Election. Donald Trump: 4. The higher the total payout i. In both cases, you get your initial wager back, in addition to the amount won. The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.

If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Trading Psychology. Business Essentials. Wealth Management. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds.

These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Compare Accounts. If so, you may want to consider a bet on Fighter A. If you think so, then a wager on Fighter B should be contemplated. I know there are people who look at a big price on a fighter and it looks appetizing on that basis alone.

Sure, anything can happen, and sometimes it has. But even though a price may represent a big payoff for winning bet, you do not want to waste your money. That does mean the dog has to be a better fighter, or even close. There have been many, many cases where the better fighter did not win.

In almost all of those cases, there was something the winner had that he could use to his advantage, as long as the conditions were right. For example, if a fighter can punch with authority, and in your estimation, can do some damage, and at least can turn the tide in a fight if he gets through cleanly, you would want to consider a fighter like that.

If the favorite has a questionable chin, that consideration should become even more serious. Barkley had been beaten a few times early in his career, and even after a winning streak had lost in his first opportunity for a world title against Sumbu Kalambay, by a wide margin. Hearns had the vaunted punching power, was known for overwhelming opponents in the first few rounds, and had a much better skill set. But there were a couple of things that told me Barley had a chance. One of them was that I knew Hearns had the kind of chin that would put him in trouble if he got hit on the button.

His knees buckled the first time he was hit solidly by Sugar Ray Leonard, sending him into a retreat, and changing the whole nature of the fight. And when he has nailed early in his fight against Marvin Hagler, he lost his legs, which looked shaky for as long as the fight lasted.

In the fight that was immediately before his meeting with Barkley, Hearns captured the WBC middleweight title his fourth world crown with a knockout of Juan Domingo Roldan. But before that happened, he was in all kinds of trouble because Roldan nailed him with a right hand. Then he got nailed over and over with it, to the point where he looked on the verge of a KO loss.

So I made a move in the direction of the underdog. At that point, it was just a matter of nailing a shell-shocked Hearns again, and just like that, it was over. To some, that may have been an even bigger surprise — that Barkley could actually win on points. In that first fight, though, it was a matter of identifying the factors that could create a perfect storm for the underdog, having the understanding of how it could happen, and acting on it. Is there a certain point where a price becomes something that is too good to pass up?

And is that the way you should approach what you plan to do when it comes to betting on boxing? A lot of people have their opinions on this. I am a firm believer that if one considers that the underdog is the best choice in the fight, relative to the price — whatever that price is — it certainly justifies wagering consideration. It is simple; you want to bet on the fighter who you think is going to win, or has a chance to win, as the odds are taken into account.

No one gets paid for almost winning. There is no reward for losing by less than a touchdown, or anything like that.


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How To Bet On Sports - A Complete Beginners Guide to Straight Bets and Parlays with NFL Week 2 Picks

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Odds Shark's sports betting odds calculator is a great tool for your is $40 ($10 x 4) and the potential profit is $30 ($10 x 4 minus the $10 stake). If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the A 4/1 bet is expected to win one in every five attempts, therefore the. Point spread betting is a way to evenly match two uneven teams. The favorite in a matchup, indicated by a minus (-) sign, will have a given number of final score, while the underdog, known by its plus (+) sign, will have the same number of the Cowboys would need to win the game by five points or more to win the bet. The betting odds calculator allows you to input your stake & odds in American, Decimal, Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the Betting an Underdog: The odds for underdogs will have a plus (+) sign in front, and So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $