For fractional odds, divide the first number by the second number and add 1, then multiply by the stake to calculate the total payout. Negative odds: (100 / odds) x stake = profitįor decimal odds, simply multiply the odds by the stake to calculate the total payout.Positive odds: (odds / 100) x stake = profit.To calculate potential payouts based on American odds, use the following formulas: You also need to know how to calculate potential payouts based on the odds. To read sports betting odds, you need to understand the odds format and what the numbers represent. For example, if the odds are 5/1, a $10 bet would return $60 ($50 profit + $10 stake). The first number represents the potential profit, while the second number represents the stake. Fractional Oddsįractional odds, also known as British odds, are expressed as a fraction or ratio. For example, if the odds are 2.00, a $10 bet would return $20 ($10 stake + $10 profit). They represent the total payout on a winning wager, including the original stake.

Decimal Oddsĭecimal odds are a popular format in Europe and Australia. The number represents the amount you would need to wager to win $100 on a favorite or the amount you would win on a $100 wager on an underdog. Positive odds indicate the underdog, while negative odds indicate the favorite. American OddsĪmerican odds, also known as moneyline odds, are expressed as either a positive or negative number. There are three main types of sports betting odds: American, decimal, and fractional. Understanding Betting Odds in 5 Minutes Types Of Sports Betting Odds

Understanding sports bettings odds