{"id":49047,"date":"2018-03-16T21:29:12","date_gmt":"2018-03-17T04:29:12","guid":{"rendered":"https:\/\/www.sportsbettingdime.com\/?page_id=49047"},"modified":"2025-12-09T13:19:03","modified_gmt":"2025-12-09T18:19:03","slug":"how-to-read-sports-odds","status":"publish","type":"guide","link":"https:\/\/www.sportsbettingdime.com\/guides\/betting-101\/how-to-read-sports-odds\/","title":{"rendered":"How to Read Odds for Sports Betting"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><ul class=\"wp-block-list\">\n<li><strong>Understanding odds is the key to figuring out which bets are worth taking<\/strong><\/li>\n\n\n\n<li><strong>Odds are displayed in a variety of different formats, but all are easy to understand<\/strong><\/li>\n\n\n\n<li><strong>You can use odds to calculate the implied probability of a certain outcome in a sporting event<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n\n\n\n<p>Understanding <strong>how to read betting odds<\/strong> is a crucial step to becoming a successful sports bettor. From determining how much money you want to wager on an NBA, MLB, or NHL game to figuring out which Super Bowl bets offer the most value, it all starts with a solid understanding of how odds work.<\/p>\n\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\"><\/div>\n\n\n<p><strong>How to Read Odds Sections: <\/strong><a href=\"#odds\">What Are American, Decimal, &amp; Fractional Odds? \/ <\/a><a href=\"#american\">American Odds Explained \/ <\/a><a href=\"#decimal\">Decimal Odds Explained \/ <\/a><a href=\"#fractional\">Fractional Odds Explained \/ <\/a><a href=\"#promos\">Current Sports Betting Promotions \/ <\/a><a href=\"#faq\">How to Read Odds FAQ<\/a><\/p><div class=\"\" data-freestar-ad=\"__300x250 __300x250\" id=\"sportsbettingdime_InContent_1\">\n        <script data-cfasync=\"false\" type=\"text\/javascript\">\n            freestar.config.enabled_slots.push({\n                placementName: \"sportsbettingdime_InContent_1\",\n                slotId: \"sportsbettingdime_InContent_1\"\n            });\n        <\/script>\n    <\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-american-decimal-amp-fractional-odds\"><a id=\"odds\"><\/a>What Are American, Decimal, &amp; Fractional Odds?<\/h2>\n\n\n\n<p>Odds are displayed in either <b><i>American<\/i><\/b>, <b><i>Decimal<\/i><\/b>, or <b><i>Fractional<\/i><\/b> formats, and serve two purposes:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>They signal the implied probability of the outcome they are attached to<\/li>\n\n\n\n<li>&nbsp;They indicate how much money you could win betting on that outcome<\/li>\n<\/ol>\n\n\n\n<p>*Be careful relying on the odds alone when evaluating the probability an event will occur. Odds <a href=\"https:\/\/www.sportsbettingdime.com\/guides\/betting-101\/how-bookmakers-generate-odds\/\">are influenced by more<\/a> than the factors actually relevant to the outcome of the event.<\/p>\n\n\n\n<p>Your sportsbook may manipulate the odds to incentivize bets on a certain side, and the sum of the probabilities for a single event will always surpass 100 percent because the sportsbook takes a cut that is baked directly into the odds.<\/p>\n\n\n\n<p>Odds also reveal how much the book is charging to take your bet. You may hear bettors refer to this amount as <a href=\"https:\/\/www.sportsbettingdime.com\/guides\/betting-101\/what-is-the-vigorish\/\">&ldquo;<\/a><a href=\"https:\/\/www.sportsbettingdime.com\/guides\/betting-101\/what-is-the-vigorish\/\"><b><i>the juice<\/i><\/b>&rdquo; or &ldquo;<b><i>cut<\/i><\/b>&rdquo; or &ldquo;<b><i>vig(orish)<\/i><\/b>.&rdquo;<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-american-odds-explained\"><a id=\"american\"><\/a>American Odds Explained<\/h2>\n\n\n\n<p>When you see -150, +230, or any other three-digit number with a minus sign or plus sign in front of it, you&rsquo;re dealing with American betting odds.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-do-the-and-mean-in-sports-betting\">What Do the + and &ndash; Mean in Sports Betting?<\/h3>\n\n\n\n<p>The &ndash; and + on a sports betting line indicates both your potential payout and whether you&rsquo;re betting on the favorite or the underdog in moneyline odds.<\/p>\n\n\n\n<p>Negative numbers signify the favorite on a moneyline bet. The negative number indicates how much you&rsquo;d need to bet to win $100.<\/p>\n\n\n\n<p>If there&rsquo;s a positive number, you&rsquo;re looking at the underdog, and the number refers to the amount of money you&rsquo;ll win if you bet $100.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-for-example\"><span style=\"font-weight: 400;\">For example:<\/span><\/h4>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234143 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-moneyline-odds-1-1.png\" alt=\"sample american odds lines highlighting the moneyline\" width=\"850\" height=\"241\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-moneyline-odds-1-1.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-moneyline-odds-1-1-300x85.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-moneyline-odds-1-1-768x218.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234144 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-moneyline-odds-1-mobile.png\" alt=\"sample american odds highlighting the moneyline\" width=\"320\" height=\"260\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-moneyline-odds-1-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-moneyline-odds-1-mobile-300x244.png 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p>Many popular wagers, including most point spread bets, will see both sides with negative odds. Because the point spread serves to level the playing field between two sides, you&rsquo;ll often need to risk more than you profit when betting on the spread.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-calculating-winnings-with-american-odds\"><span style=\"font-weight: 400;\">Calculating Winnings with American Odds<\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">In order to win $100 on the Penguins (favorites), you&rsquo;ll need to wager $130. If you wagered $100 on the Senators (underdogs), you&rsquo;d be set to win $110.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">You can use the formula below to calculate the potential winnings for any value you wish to wager. <\/span><\/p>\n\n\n\n<p><b>If you bet $40 on Pittsburgh (-130), your equation would look like this:<\/b><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234145 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-1.png\" alt=\"infographic showing an equation calculating payouts on american odds\" width=\"850\" height=\"422\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-1.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-1-300x149.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-1-768x381.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234146\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-1-mobile.png\" alt=\"infographic showing an equation calculating payouts on american odds\" width=\"320\" height=\"510\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-1-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-1-mobile-188x300.png 188w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Cross-multiply to get 130x = 4000, and then solve for &ldquo;x&rdquo;<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">x= 4000\/130<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">x = 30.77<\/span><\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\"> Therefore, if you wager $40 on Pittsburgh, you will win $30.77, and your payout would be $70.77 (your original wager plus your winnings). These payouts might change if you&rsquo;re taking advantage of a sports betting bonus, particularly any <a href=\"https:\/\/www.sportsbettingdime.com\/sportsbooks\/espn-bet\/promos\/\">ESPN BET promo code<\/a> you might be using.<\/span><\/p><div class=\"\" data-freestar-ad=\"__300x250 __300x250\" id=\"sportsbettingdime_InContent_2\">\n        <script data-cfasync=\"false\" type=\"text\/javascript\">\n            freestar.config.enabled_slots.push({\n                placementName: \"sportsbettingdime_InContent_2\",\n                slotId: \"sportsbettingdime_InContent_2\"\n            });\n        <\/script>\n    <\/div>\n\n\n\n\n<p><b>If you bet $40 on Ottawa (+110), your equation would look like this:<\/b><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234147 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-2.png\" alt=\"infographic showing an equation calculating payouts on american odds\" width=\"850\" height=\"422\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-2.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-2-300x149.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-2-768x381.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234148\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-2-mobile.png\" alt=\"infographic showing an equation calculating payouts on american odds\" width=\"320\" height=\"510\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-2-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/fraction-2-mobile-188x300.png 188w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Cross-multiply to get 100x = 4,400, and then solve for &ldquo;x&rdquo;.<\/span><\/li>\n\n\n\n<li>x = 4400\/100<\/li>\n\n\n\n<li>x = 44.00<\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">Therefore, if you wager $40 on Ottawa, you will win $44.00, and your total payout would be $84.00.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-calculating-implied-probability-with-american-odds\"><span style=\"font-weight: 400;\">Calculating Implied Probability with American Odds<\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Implied probability refers to the likelihood of a particular outcome suggested by the odds. Figuring it out involves <a href=\"https:\/\/www.sportsbettingdime.com\/tools\/odds-converter\/\">converting odds<\/a> into a percentage, which indicates the likelihood that event will happen vs. the alternative.&nbsp;<\/span><\/p>\n\n\n<div class=\"highlight-text\"><p>Implied probability is useful because if your estimate of the probability of an event occurring is different than a sportsbook&rsquo;s you can and should adjust your bet accordingly.<\/p><\/div>\n\n\n\n<p><span style=\"font-weight: 400;\">Implied probability is useful because if your estimate of the probability of an event occurring is different than a sportsbook&rsquo;s you can and should adjust your bet accordingly. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Say you thought one team had a 60% chance of winning, and it was available at 52.4% implied probability. This would be a smart bet.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Of course, if you convert the odds available at your sportsbook into a percentage, they will include the &ldquo;juice&rdquo; or the &ldquo;vig.&rdquo; Factoring in the &ldquo;vig,&rdquo; the implied probability of all possible outcomes of a game will be above 100%. This is called overround, and it explains why you need to <a href=\"https:\/\/www.sportsbettingdime.com\/guides\/strategy\/removing-the-vig\/\">remove the vig from betting lines<\/a> if you want a more accurate picture of what the oddsmakers expect to happen in the game.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Calculating implied probability can be a tad tricky, but the formula is simple in theoretical terms:<\/span><\/p>\n\n\n\n<p><strong>Risk\/Return = Implied Probability&nbsp;<\/strong><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Let&rsquo;s take a look at what this looks like with American odds. We&rsquo;ll start <\/span><span style=\"font-weight: 400;\">with positive odds because they are the easiest to work with.<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-use-this-formula-with-positive-odds\"><span style=\"font-weight: 400;\">Use this Formula with Positive Odds:<\/span><\/h4>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234149 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-1.png\" alt=\"infographic showing the formula for implied probability using positive US odds\" width=\"850\" height=\"365\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-1.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-1-300x129.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-1-768x330.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234150\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-1-mobile.png\" alt=\"infographic showing the formula for implied probability using positive US odds\" width=\"320\" height=\"513\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-1-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-1-mobile-187x300.png 187w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"letter-spacing: 0.1px;\">We can calculate Ottawa&rsquo;s (+110) implied probability of winning the game using this same formula. We <strong>cannot<\/strong> use this to calculate Pittsburgh&rsquo;s, however, because they have negative odds.<\/span><\/p><div class=\"\" data-freestar-ad=\"__300x250 __300x250\" id=\"sportsbettingdime_InContent_3\">\n        <script data-cfasync=\"false\" type=\"text\/javascript\">\n            freestar.config.enabled_slots.push({\n                placementName: \"sportsbettingdime_InContent_3\",\n                slotId: \"sportsbettingdime_InContent_3\"\n            });\n        <\/script>\n    <\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">Let&rsquo;s put Ottawa&rsquo;s odds into the formula:<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234152 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-2.png\" alt=\"infographic showing the formula for implied probability using positive US odds\" width=\"850\" height=\"481\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-2.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-2-300x170.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-2-768x435.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234153\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-2-mobile.png\" alt=\"infographic showing the formula for implied probability using positive US odds\" width=\"320\" height=\"573\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-2-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-2-mobile-168x300.png 168w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">Ottawa, therefore, has a 47.6% chance of winning <\/span><i><span style=\"font-weight: 400;\">according to the bookmaker<\/span><\/i><span style=\"font-weight: 400;\">. If you think their chance of winning is higher than that, this bet is worth serious consideration.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-how-do-negative-odds-differ\"><span style=\"font-weight: 400;\">How Do Negative Odds Differ?<\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">Don&rsquo;t get confused by all the brackets and parentheses. Their purpose is to <\/span><i><span style=\"font-weight: 400;\">flip the sign<\/span><\/i><span style=\"font-weight: 400;\"> on the negative US odds. Here&rsquo;s the formula:<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234154 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-3.png\" alt=\"infographic showing the formula for implied probability using negative US odds\" width=\"850\" height=\"365\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-3.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-3-300x129.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-3-768x330.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234155 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-3-mobile.png\" alt=\"infographic showing the formula for implied probability using negative US odds\" width=\"320\" height=\"503\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-3-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-3-mobile-191x300.png 191w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">When we use actual numbers, it appears far simpler. Using our example from above, we can calculate Pittsburgh&rsquo;s (-130) implied probability of winning the game. Remember: We <strong>cannot<\/strong> use this to calculate Ottawa&rsquo;s because they have positive odds.<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234156 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-4.png\" alt=\"infographic showing the formula for implied probability using negative US odds\" width=\"850\" height=\"481\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-4.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-4-300x170.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-4-768x435.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234158\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-4-mobile.png\" alt=\"infographic showing the formula for implied probability using negative US odds\" width=\"320\" height=\"573\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-4-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-graphic-4-mobile-168x300.png 168w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><b><\/b><span style=\"font-weight: 400;\">Pittsburgh has a 56.5% chance of winning the game <\/span><i><span style=\"font-weight: 400;\">according to the bookmaker<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-let-s-see-what-you-ve-learned\"><span style=\"font-weight: 400;\">Let&rsquo;s See What You&rsquo;ve Learned<\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">This time, you do the leg-work. Plug the numbers below into the formulae laid out above to answer the following questions, then check your results against the answers further down the page (no peeking!):<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234159 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds.png\" alt=\"sample american odds lines showing matchup between spurs and warriors\" width=\"850\" height=\"241\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-300x85.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-768x218.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234160\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-mobile.png\" alt=\"sample american odds showing matchup between spurs and warriors\" width=\"320\" height=\"260\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-mobile-300x244.png 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Probability of San Antonio winning<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Probability of Golden State winning<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $40 on San Antonio<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $40 on San Antonio<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $40 on Golden State<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $40 on Golden State<\/span><\/li>\n<\/ul>\n\n\n\n<p><b>Answers<\/b>&nbsp;<span style=\"font-weight: 400;\">(all percentages are rounded to one decimal place):<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Probability of San Antonio winning: 12.1%<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Probability of Golden State winning: 92.9%<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $40 on San Antonio: $290.00<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $40 on San Antonio: $330.00<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $40 on Golden State: $3.08<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Payout if betting $40 on Golden State: $43.08<\/span><\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-decimal-odds-explained\"><a id=\"decimal\"><\/a>Decimal Odds Explained<\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Of the three types of odds you&rsquo;ll encounter in your betting endeavors, decimal odds are the easiest to work with. Decimal odds are displayed like this:<\/span><br><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234163 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-decimal-odds.png\" alt=\"sample lines showing decimal odds for a matchup between rays and indians\" width=\"850\" height=\"241\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-decimal-odds.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-decimal-odds-300x85.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-decimal-odds-768x218.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234164\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-decimal-odds-mobile.png\" alt=\"sample lines showing decimal odds in matchup between rays and indians\" width=\"320\" height=\"260\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-decimal-odds-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-decimal-odds-mobile-300x244.png 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-calculating-winnings-with-decimal-odds\">Calculating Winnings with Decimal Odds<\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Determining your payout with decimal odds is straightforward: simply multiply your wager by the odds associated with the team you are betting on. To calculate a winning bet, subtract the original wager from the payout. Let&rsquo;s take a look:<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img decoding=\"async\" class=\"aligncenter size-medium wp-image-288220\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/1\/calculating-decimal-odds-winnings-desktop.svg\" alt=\"infographic outlining how to calculate winnings with decimal odds\"><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><a href=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/1\/calculating-decimal-odds-winnings-mobile.svg\"><img decoding=\"async\" class=\"aligncenter size-medium wp-image-288433\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/1\/calculating-decimal-odds-winnings-mobile.svg\" alt=\"infographic outlining how to calculate winnings with decimal odds\"><\/a><\/div>\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-calculating-implied-probability-with-decimal-odds-nbsp\"><span style=\"font-weight: 400;\">Calculating Implied Probability with Decimal Odds&nbsp;<\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">To figure out the implied probability, follow this formula:<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234170 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-decimal-odds.png\" alt=\"infographic outlining how to calculate implied probability using decimal odds\" width=\"850\" height=\"481\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-decimal-odds.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-decimal-odds-300x170.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-decimal-odds-768x435.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234171\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-decimal-odds-mobile.png\" alt=\"infographic outlining how to calculate implied probability with decimal odds\" width=\"320\" height=\"685\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-decimal-odds-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-decimal-odds-mobile-140x300.png 140w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><b>Implied Probability: 1 \/ Decimal Odds<\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Using our example from above, the following equation provides Tampa Bay&rsquo;s implied probability of winning:<\/span><\/p>\n\n\n\n<p><b>Implied Probability: 1 \/ 2.40 = 41.7%<\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">And Cleveland&rsquo;s chances of winning:<\/span><\/p>\n\n\n\n<p><b>Implied Probability: 1 \/ 1.61 = 62.11%<\/b><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fractional-odds-explained\"><a id=\"fractional\"><\/a>Fractional Odds Explained<\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Let&rsquo;s finally move onto fractional odds, which are commonly used in the UK and when betting on horse racing.&nbsp;<\/span><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>These are the funny-looking odds &ndash; like 9\/5 or 1\/2 &ndash; that you see when you flip on the Kentucky Derby.<\/p>\n<\/blockquote>\n\n\n\n<p><span style=\"font-weight: 400;\">These are the funny-looking odds&mdash;like 9\/5 or 1\/2&mdash;that you see when you flip on the Kentucky Derby. Pro tip: if you want to <\/span><i><span style=\"font-weight: 400;\">say<\/span><\/i><span style=\"font-weight: 400;\">&nbsp; fractional odds aloud, like 9\/5 or 1\/2, you would say &ldquo;nine to five&rdquo; or &ldquo;one to two.&rdquo;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The number on the left (9) dictates how many times the book expects the relevant outcome to fail; whereas the number on the right (5) tells us how many times the outcome is expected to succeed. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Fractional odds can also come in a form where the numbers are stacked on top of each other and there is a numerator (top number) and denominator (bottom number).&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-fractional-odds-in-action\"><span style=\"font-weight: 400;\">Fractional Odds in Action <\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Let&rsquo;s say boxer Gennady Golovkin receives 8\/13 odds in an upcoming fight with Canelo Alvarez. These odds suggest that if this fight happened 21 times (8 + 13), Golovkin would lose 8 bouts and win 13.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">To calculate the implied probability of Golovkin winning the fight, take the number of times he is expected to win (13) and divide it by the total number of trials (21). This results in a 61.9% chance Golovkin will win the fight.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Let&rsquo;s take a look at the simple math: <\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234172 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-fractional-odds.png\" alt=\"infographic showing how to calculate implied probability with fractional odds\" width=\"850\" height=\"481\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-fractional-odds.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-fractional-odds-300x170.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-fractional-odds-768x435.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234173\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-fractional-odds-mobile.png\" alt=\"infographic showing how to calculate implied probability with fractional odds\" width=\"320\" height=\"666\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-fractional-odds-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-with-fractional-odds-mobile-144x300.png 144w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">To calculate Alvarez&rsquo;s probability of winning the match, we do the same thing. Let&rsquo;s say, hypothetically, odds are 11\/8, meaning if the fight happened 19 times (11 + 8), Alvarez would lose 11 times and win 8 times. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Therefore, the probability of Alvarez winning the fight is calculated by dividing 8 (the number of times he would win) by 19 (the total number of trials). Alvarez has a 42.1% chance of winning the fight.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Our formula would look like this:<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234175\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-w-fractional-odds-2.png\" alt=\"infographic showing how to calculate implied probability with fractional odds\" width=\"850\" height=\"481\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-w-fractional-odds-2.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-w-fractional-odds-2-300x170.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-w-fractional-odds-2-768x435.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234177\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-w-fractional-odds-2-mobile.png\" alt=\"infographic showing how to calculate implied probability with fractional odds\" width=\"320\" height=\"666\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-w-fractional-odds-2-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/implied-probablility-w-fractional-odds-2-mobile-144x300.png 144w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">Remember what we said earlier about the &ldquo;juice&rdquo; or the &ldquo;vig&rdquo;? It doesn&rsquo;t go away just because the book displays their odds differently.&nbsp;<\/span><span style=\"font-weight: 400;\">We haven&rsquo;t even factored in the probability of a draw yet, and the sum of the probabilities is already over 100% (61.9 + 42.1 = 104). <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The implied probabilities of both outcomes added together is going to be greater than 100% regardless of the odds format.&nbsp; You&rsquo;ve got to pay to play, unfortunately.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">If you want to bet on Golovkin to win the fight (8\/13 odds), calculate your winnings by multiplying your wager by the quotient of 8 &divide; 13 (0.615). If you bet $10, your winnings would be $6.15 (10 x 0.615). In this case, you&rsquo;ll receive $16.15 back ($10 bet + $6.15 in winnings). <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Here&rsquo;s the formula:<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234179 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds.png\" alt=\"infographic showing how to calculate payouts with fractional odds\" width=\"850\" height=\"481\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-300x170.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-768x435.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234181\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-mobile.png\" alt=\"infographic showing how to calculate payouts with fractional odds\" width=\"320\" height=\"775\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-mobile-124x300.png 124w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">If you want to bet your $10 on Alvarez, multiply that sum by the quotient of 11 &divide; 8 (1.375). Your winnings would be $13.75 ($10 x 1.375). <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Your payout would be $23.75 ($10 initial stake + your winnings of $13.75). Below is how to solve that using the formula.<\/span><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234182 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-2.png\" alt=\"infographic showing how to calculate payouts with fractional odds\" width=\"850\" height=\"481\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-2.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-2-300x170.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-2-768x435.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234183\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-2-mobile.png\" alt=\"infographic showing how to calculate payout with fractional odds\" width=\"320\" height=\"775\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-2-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/calculating-payout-with-fractional-odds-2-mobile-124x300.png 124w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">The potential winnings are greater when betting on Alvarez, the &ldquo;underdog&rdquo; in this fight. Betting on underdogs in any sport typically allows you to risk less in order to win more. Remember, however, that there&rsquo;s a reason they are the underdog, whether it&rsquo;s a rookie season, there&rsquo;s been a recent injury, or they face serious competition.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">If you side with Golovkin, the &ldquo;favorite,&rdquo; you&rsquo;ll need to risk more to get the same winnings.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-let-s-see-what-you-ve-learned-0\"><span style=\"font-weight: 400;\">Let&rsquo;s See What You&rsquo;ve Learned<\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Use the formulas you&rsquo;ve learned (and the fractional odds below) to answer the following questions:<\/span><br><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234185 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-fractional-odds.png\" alt=\"sample odds lines displaying fractional odds\" width=\"850\" height=\"303\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-fractional-odds.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-fractional-odds-300x107.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-fractional-odds-768x274.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234187\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-fractional-odds-mobile.png\" alt=\"sample odds lines displaying fractional odds\" width=\"320\" height=\"260\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-fractional-odds-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-fractional-odds-mobile-300x244.png 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Probability of Real Madrid Winning:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Probability of a Draw:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Probability of Juventus Winning:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $10 on Real Madrid:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $10 on Real Madrid:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $10 on a Draw:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $10 on a Draw:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $10 on Juventus:<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $10 on Juventus:<\/span><\/li>\n<\/ul>\n\n\n\n<p><b>Answers<\/b>&nbsp;<span style=\"font-weight: 400;\">(all percentages are rounded to one decimal place):<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Probability of Real Madrid Winning: 36.4%<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Probability of a Draw: 31.3%<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Probability of Juventus Winning: 35.7%<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $10 on Real Madrid: $17.50<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $10 on Real Madrid: $27.50<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $10 on a Draw: $22.00<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $10 on a Draw: $32.00<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Winnings if betting $10 on Juventus: $18.00<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Payout if betting $10 on Juventus: $28.00<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-push\">What Is a Push?<\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">While not&nbsp;<\/span><i><span style=\"font-weight: 400;\">technically<\/span><\/i><span style=\"font-weight: 400;\"> related to odds, a push will definitely affect your payout. Every bettor should be aware of the possibility of a push before they lay their first wager on sports.<\/span><\/p>\n\n\n\n<p>Simply put, a push is a tie.<\/p>\n\n\n\n<p>You will not see pushes when betting on the money line. If a sport allows a matchup to end in a tie, that&rsquo;s an outcome you can bet on. <span style=\"font-weight: 400;\">You only need to consider the possibility of a push when betting against the spread or placing a totals bet.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">If a push does occur, you will simply be refunded your money. It will not count as a win or a loss.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Point spreads typically add a half point to each number to avoid the possibility of a push, but this isn&rsquo;t always the case. Here is an example:<\/span><br><\/p>\n\n\n<div data-shortcode=\"visible-desktop\" class=\"hidden sm:block mx-auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-234188 size-full\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-push.png\" alt=\"sample american odds lines illustrating push betting\" width=\"850\" height=\"241\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-push.png 850w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-push-300x85.png 300w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-push-768x218.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/div>\n\n\n\n<div data-shortcode=\"visible-mobile\" class=\"block sm:hidden\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-234189\" src=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-push-mobile.png\" alt=\"sample american odds illustrating push betting\" width=\"320\" height=\"260\" srcset=\"https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-push-mobile.png 320w, https:\/\/www.sportsbettingdime.com\/app\/uploads\/media\/sample-american-odds-push-mobile-300x244.png 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/div>\n\n\n\n\n<p><span style=\"font-weight: 400;\">If this game were to end 20-18 for Cincinnati, neither team covered the spread and will be considered a push. In this circumstance, you&rsquo;d be given your money back like the bet never happened.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-current-sports-betting-promotions\"><a id=\"promos\"><\/a>Current Sports Betting Promotions<\/h2>\n\n\n\n<p>Take a look at our table with current sports betting promotions below to get a better idea of what online sportsbook you should go with for your first bet and beyond.<\/p>\n\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\"><\/div>\n\n\n<p>As you can see, many of these online sportsbooks offer top-tier welcome offers for new users. Among the most accessible offers that really stand out in terms of value are the DraftKings and Bet365 promos while Caesars is fantastic for new users that are excited to bet a little more. BetMGM and FanDuel are also great middle-of-the-road promo options as well.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-read-odds-faq\"><a id=\"faq\"><\/a>How to Read Odds FAQ<\/h2>\n\n\n\n<p>Still have more questions about how to read odds? Let&rsquo;s see if we can help you out.<\/p>\n\n\n        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2>How do you read +\/- odds?<\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tThe + (plus sign) indicates the underdog and the - (minus sign) indicates the favorite.                     <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2>Are higher or lower odds better?<\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tHigher odds can get you a larger payout but they're less likely to happen. Lower odds will get you a smaller payout but the outcome is more likely to happen.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2>What are the three types of odds?<\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tFractional, decimal, and American (moneyline).                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t\n<script type=\"application\/ld+json\">\n    {\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"How do you read +\/- odds?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"The + (plus sign) indicates the underdog and the - (minus sign) indicates the favorite.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Are higher or lower odds better?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Higher odds can get you a larger payout but they're less likely to happen. Lower odds will get you a smaller payout but the outcome is more likely to happen.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"What are the three types of odds?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Fractional, decimal, and American (moneyline).\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t    ]\n}\n<\/script>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ready-to-find-some-favorable-odds\">Ready to Find Some Favorable Odds?<\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Now that you&rsquo;re an expert in reading sports betting odds, get out there and start winning some money on your favorite <a href=\"https:\/\/www.sportsbettingdime.com\/sportsbooks\/\">sports betting sites<\/a>! Sharp bettors are informed bettors, and not all sports are created equal. Consider checking out our comprehensive guide covering <a href=\"https:\/\/www.sportsbettingdime.com\/guides\/how-to\/\">how to bet on sports<\/a> before you lay down your first wager.<\/span><\/p>\n\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\">\n<p><\/p>\n<\/div>\n\n<div class=\"wp-block-blockparty-geo-restricted-content\" data-render-type=\"fallback\"><\/div><\/body><\/html>\n","protected":false},"author":155,"featured_media":637037,"parent":50789,"menu_order":0,"template":"","content_buckets":[219590],"class_list":["post-49047","guide","type-guide","status-publish","has-post-thumbnail","hentry","content_buckets-content-bucket-guide-content"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/guide\/49047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/guide"}],"about":[{"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/types\/guide"}],"author":[{"embeddable":true,"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/users\/155"}],"version-history":[{"count":52,"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/guide\/49047\/revisions"}],"predecessor-version":[{"id":730740,"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/guide\/49047\/revisions\/730740"}],"up":[{"embeddable":true,"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/guide\/50789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/media\/637037"}],"wp:attachment":[{"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/media?parent=49047"}],"wp:term":[{"taxonomy":"content_buckets","embeddable":true,"href":"https:\/\/www.sportsbettingdime.com\/wp-json\/wp\/v2\/content_buckets?post=49047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}