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Al Ahly Arab Contractors
Tip: 1 Odds: 1.30 Result: 3:2
Sabah Baku – Qarabag
Tip: 2 Odds: 1.30 Result: 1:3
Eibar – Atl. Madrid
Tip: 2 Odds: 1.72 Result: 1:2
What Are Odds?
In sports betting terms, odds basically serve two purposes. First, they are used to calculate the payouts of winning wagers. Every time you place a bet with a bookmaker, you’ll be offered odds at the time, which impact how much you can win. The higher they are, the more you stand to win relative to your stake.
Second, odds also reflect the likelihood of any particular outcome happening. The more likely an outcome, the lower they will be. This makes perfect sense, as you would expect to win less when betting on an outcome that’s likely than when betting on an outcome that is unlikely.
Imagine a tennis match where the player ranked number one in the world is pitted against the player ranked 137th. It stands to reason that the best player in the world is going to be considered more likely to win than his opponent. Therefore, a wager on his winning would have very low odds; a wager on his opponent winning would have much higher odds.
This is a somewhat simplified explanation, but it gives a general idea of the role of odds in sports betting.
Different Odds Formats
As you can see, the fundamental principle behind odds is really quite straightforward. Things are slightly complicated by the fact that there are three different formats of odds as follows:
- Moneyline/American Odds
- Decimal Odds
- Fractional Odds
Chances are, at some point, you’ll encounter each of these formats. For this reason, it pays to be familiar with each one. They all work in essentially the same way–basically just different ways of expressing the actual odds for any particular wager.
Moneyline or American Odds
Moneyline odds are also known as American odds, and this is the format most commonly used in the United States. They can be displayed as either a positive or a negative number. A positive number expresses how much a correct wager of $100 would win, while a negative number expresses how much you would need to stake in order to win $100.
If you saw odds of +150, you would know that a $100 bet could return $150 in winnings, plus the initial stake of $100. If you saw -150, you would know you need to stake $150 to return $100 in winnings, plus the initial stake of $150. An even money wager (where you stand to win an amount equal to your stake) is expressed as +100.
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