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What does +275 mean in odds?

Decimal Odds To: Fractional American (decimal odds-1) and round to nearest integer = fractional odds (decimal – 1) x 100 = American odds (3.75-1=2.75) = 2.75/1 or 11/4 (3.75 – 1) x 100 = 275

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If you’re new to the world of sports betting, one of the first things you’ll need to do is figure out how betting odds work. At a quick glance, betting odds can be quite intimidating to first-time bettors, and you may find yourself asking “how do betting odds work?” That’s where Compare.bet can help; we’ve taken it back to the basics to explain betting odds and how they work. New Customer Offer Join FanDuel Sportsbook and make your first bet. If you lose, you get a refund of up to $500 in site credit (within 72h). Your first bet will qualify (If you have multiple selections on one betslip, it will be the first selection you made). 21+. Full T&Cs apply. Please gamble responsibly. New Customer Offer Grab the code 250MATCH your deposit will be matched to $250. Only 1x play through requirement. The Match Bonus is applied within 48 hours after using the code 250MATCH. Only one 250MATCH code may be utilized across all associated websites. 21+. Full T&Cs apply. Please gamble responsibly. New Customer Offer Deposit a minimum of $10 in to your account and place, as your first real money bet after opening your account, any sports wager. Only the first $500 of the first wager are eligible for this promotion. If your Qualifying Bet loses, you'll receive free bets back in denominations of 10% of the total number of free bet earnings you're eligible for. 21+. Full T&Cs apply. Please gamble responsibly.

Odds Explained

What are the Different Types of Betting Odds?

The first step to understanding betting odds is appreciating what they do. Betting odds simply indicate the likelihood of an event and the return you’d get if you did make a wager on the result. Betting odds may be displayed in three different formats at US sportsbooks and online and mobile sports betting platforms: American odds, fractional odds and decimal odds. Different formats don’t mean different odds; it’s simply a different way of presenting them. This isn’t as complicated as it might sound and, by the time you’ve read our guide to betting odds, you’ll be an expert.

American Odds

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You’re most likely to come across American odds when you’re betting at American sports betting sites. This odds expression indicates a bettor’s return relative to a base figure of 100 units. American odds start with either a positive or negative sign (e.g. -200 or +200). A minus sign indicates a bookie’s favorite to win while a plus symbol indicates an underdog. A -250 favorite has a better chance of winning an event than a -150 favorite, while a +200 underdog has a better chance of winning than a +500 underdog. Let’s consider a real-world example to understand how American odds work in action: In an NFL game between the Chargers and the Patriots, a sportsbook sets odds of +170 for the Chargers to win. This means a $100 bet would net you $270 if they did win- that’s a profit of $170. However, if you were to make a successful bet on the Patriots winning, at odds of -190, your $100 would see a return of $152.65- a more modest, $52.65 profit. When it comes to calculating the return from a bet made using American odds there are two different formulas that can be used:

Calculating negative odds: (100/Odds) x Stake = Profit

Using the example above: (100/190) x $100 = $52.65

Calculating positive odds: Odds x (Stake/100) = Profit

Using the example above: 170 x ($100/100) = $170

When looking at American odds, it’s important to remember that the results of some matches have a points spread attached to them. This applies to a variety of sports including NBA, NHL, NFL and MLB games. When a point spread is attached to a set of odds it means that for the bet to be successful the team must ‘cover the spread’. This means that the team you are betting on must win or not lose by a predetermined margin of points. For example, the Chargers could have odds of (+4) -110 to win. The (+4) indicates the point spread, meaning the Chargers would need to win by 4 points for the bet to be successful. This shows that, even though a team may be a sportsbook’s favorite, the final score must cover the point spread for a bet to be successful.

Fractional Odds

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Displaying odds in a fractional format is more common in overseas markets, such as the UK, than at US online sportsbooks, but it’s useful to understand them nonetheless. Fractional odds are some of the most simple to understand, as they present your potential winnings as a fraction of the money you stake: while the denominator represents the amount bet, the numerator is the amount your stake will yield in a winning bet. For example, odds of 1/1 mean you’d get a return of $20 for a winning $10 bet. Want a real-life example? Making a $10 winning bet on an NBA game priced at 5/1, would net you $60 in total. You can use the following formula to calculate potential returns with fractional odds:

((Stake/ denominator) x numerator) + stake = return

For example: (10 x 5) + 10 = 60

Decimal Odds

The decimal odds format, also known as European odds, represents the multiple of your stake that you will get back for winning a bet. While these are more common at overseas betting exchanges, you may see these at US betting sites. For example, betting on a market priced at 2.5 means you would win two and a half times your stake if your bet were to win. This means you’d win $2.50 for every $1 you wager. Another example of decimal odds in action would be betting on NHL game with odds of 9.0. A $10 stake on odds of 9.0 would earn a total payout of $90 with $80 being won from the sportsbook and your initial $10 stake being returned. You can use the following formula to calculate potential returns with decimal odds:

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