п»їSports Betting Odds.
Sports Betting Odds Explained.
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.


How Do Odds Work in Betting?
If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.
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. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds.
How Fractional Odds Work.
Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a “slash (/)” or a “hyphen (-),” e.g. 6/1 or 6-1 and announced as “six-to-one.” Fractional odds are used by some of the world’s largest bookmakers, making them the most preferred odds across the globe.
Therefore, the total (potential) return on a stake can be stated as:
For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.
Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1.
It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet.
In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800.
How Decimal Odds Work.
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. 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 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker.
Donald Trump: 4.00 Joe Biden: 1.3.
These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300.
Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned.
Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win.
How American (Moneyline) Odds Work.
Let’s understand this with the help of an example:
One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds.
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.
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. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
The Bottom Line.
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. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.


How to Read Odds.
Understanding how to read odds is crucial to betting on sports. This guide will teach you how to read odds for moneyline, total, and spread bets. We will be looking at American, decimal, and fractional odds, which are three different ways of writing the same odds.
What are Odds?
Odds represent the likelihood of an outcome occurring. In sports betting, each team is assigned odds that represent the likelihood of them winning the game. When the odds for two teams are even, meaning 1 to 1, it means that each team is equally as likely to win the game. If Team A is assigned 2 to 1 odds, it means Team B is twice as likely to win. If Team A is assigned 10 to 1 odds, it means Team B is ten times as likely to win.
Odds are typically expressed with a positive or negative sign in front of them and are not written as 2 to 1 or 3 to 1.
How do Plus and Minus Odds Work?
In a betting line between two teams, the team expected to win, or favorite, will have minus or negative odds. This means for every dollar wagered, you will earn less than a dollar if your bet wins. The team expected to lose, or underdog, will have positive or plus odds. This means for every dollar you wager, you will gain more than a dollar if your bet wins.
The table below shows an NHL game where the Boston Bruins are favorited to beat the St. Louis Blues.
American Odds.
American odds are what you will see displayed on almost every sportsbook. Just like the metric system, dates, and miles per hour (mph), Americans do things differently when it comes to betting odds. Take a look at this standard slate of betting odds from for an MLB game.
The first thing you will notice when reading odds will be that:
Odds have either a plus or minus in front of them Odds are in terms of 100.
Betting Odds are written in terms of 100 as an industry standard. The easiest way to think of the plus and minus signs is as follows. If it is a plus, you will receive more than a $100 payout on a $100 bet. If it is a minus, you will have to bet more than $100 to win a $100 payout.
Thankfully, you can view your potential winnings on each bet before placing it at an online sportsbook. That said, it is beneficial to understand the betting odds.
Moneyline Bets.
Definition of bet: A moneyline bet is a wager on which team will win the game outright. Both the favorite and the underdog are given odds to win the game.
Read the chart below to get started on reading odds for the following game:
Spread Bets.
Definition of bet: A spread bet is a wager on which team will cover the spread or point spread.
Total (Over/Under) Bets.
Definition of bet: A total bet focuses on how many points are scored, regardless of who wins the game. After a total point score has been set, bettors can wager on whether the actual score of the game will be over or under the set point score.
How to read over/under odds for the following game:
New York Yankees vs. Boston Red Sox Over 7 (-115) Under 7 (-110)
Total Odds How to Read it Over 7 (-115) In order to win $100, you must bet $115 on the overall combined run score to be higher than 7 Under 7 (-110) In order to win $100, you must wager $110 on the total combined run score to be less than 7.
Keep in mind for both spreads and totals that if the game ends in a draw for the bet (Yankees 4, Red Sox 3), then you get your bet back but do not win or lose any additional money.
Fractional Odds.
Fractional odds are used more commonly in parts of Europe, as well as in horseracing. To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout! Here are some odds for a fictitious horse race and how you go about reading them.
Decimal Odds.
Decimals odds are used more commonly in parts of Europe. When using decimal odds, the underdog has the higher of the two numbers, while the favorite has the lower of the two. To calculate decimal odds, you can use the following equation.
Return = Initial Wager x Decimal Value.
Example: Let’s say the Arizona Diamondbacks 2.00 are playing the Chicago Cubs 1.90.
Team Your Bet Your Return Your Profit Arizona 2.00 $1 $2 $1 Chicago 1.90 $10 $19.09 $9.09.
A lot of sportsbooks offer a decimal view if you prefer it to the American odds.
In conclusion, American odds are almost always displayed at any United States sportsbook, while fractional and decimal odds are almost always displayed at any sportsbook outside of the United States. Check out our Guides Page to see where sports betting stands in your state!
Why do Odds Matter in Sports Betting?
The odds are essential when selecting a sportsbook because they affect your money. If you choose a sportsbook with poor odds, you will end up wasting money every time you place a bet. Let’s say you bet $10 on the Vikings moneyline at -200 at one sportsbook. If you win your bet, you pocket $5. If you went line-shopping and found the same bet for -175 at another sportsbook, you would pocket $6, $1 more. Understanding betting odds allows you to decipher between good and bad odds.
Look at the odds below offered on five games from the 2019 NFL Season. Odds from five different sportsbooks are shown. You'll notice each sportsbook offers different odds for each game. If you were betting on these games, you would be able to find the best odds for your desired bets. Using this strategy of line shopping will allow you to save money while betting on games.
How to Use Odds to Calculate Implied Probability.
If you think the Chicago Bulls have a 70% chance of winning, then betting on them would be considered a smart bet.
The process is simple, but If you don’t feel like doing the math, use ESPN’s gamecast preview: preview or Action Network’s odds calculator.
Odds FAQ.
What does a negative point spread mean?
How do parlay odds work?
A parlay bet is a group of spread, moneyline, or total bets combined into one bet to increase the payout odds. In order for the parlay to win, each separate bet has to win. Parlay odds offer bigger payouts than normal odds because they are riskier since each individual bet has to win.
Here is an example of a standard parlay payout table based on true odds. What this means is exact payouts are shown for wagers at -110 odds, where a bet of $110 wins you $100.
Parlay Size Payouts 2-Team 2.645/1 3-Team 5.958/1 4-Team 12.283/1 5-Team 24.359/1 6-Team 2.645/1 7-Team 91.424/1 8-Team 175.446/1 9-Team 335.852/1 10-Team 642.082/1 11-Team 1226.701/1 12-Team 2342.793/1.
Methodology.
Sports betting sites were scored across seven core categories to computer an overall rating: total number of sports and bets offered, odds, live betting features, mobile apps, educational resources, ease of use, and current bonuses.


How to Read Odds.
Last Updated: February 27, 2020 References Approved.
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If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the odds are changing while the event unfolds. Odds tell you the likelihood that an event will occur (a team wins, a boxer makes it a certain round) and how much will be paid out if you win. There are, however, multiple ways to convey this information.


Interpreting odds and odds ratios.
Odds and odds ratios are an important measure of the absolute/relative chance of an event of interest happening, but their interpretation is sometimes a little tricky to master. In this short post, I'll describe these concepts in a (hopefully) clear way.
From probability to odds.
Our starting point is that of using probability to express the chance that an event of interest occurs. So a probability of 0.1, or 10% risk, means that there is a 1 in 10 chance of the event occurring. The usual way of thinking about probability is that if we could repeat the experiment or process under consideration a large number of times, the fraction of experiments where the event occurs should be close to the probability (e.g. 0.1).
The odds of an event of interest occurring is defined by odds = p/(1-p) where p is the probability of the event occurring. So if p=0.1, the odds are equal to 0.1/0.9=0.111 (recurring). So here the probability (0.1) and the odds (0.111) are quite similar. Indeed whenever p is small, the probability and odds will be similar. This is because when p is small, 1-p is approximately 1, so that p/(1-p) is approximately equal to p.
But when p is not small, the probability and odds will generally be quite different. For example if p=0.5, we have odds=0.5/0.5=1. As p increases, the odds get larger and larger. For example, with p=0.99, odds=0.99/0.01=99.
Fractional odds and gambling.
Particularly in the world of gambling, odds are sometimes expressed as fractions, in order to ease mental calculations. For example, odds of 9 to 1 against, said as "nine to one against", and written as 9/1 or 9:1, means the event of interest will occur once for every 9 times that the event does not occur. That is in 10 times/replications, we expect the event of interest to happen once and the event not to happen in the other 9 times. Using odds to express probabilities is useful in a gambling setting because it readily allows one to calculate how much one would win - with odds of 9/1 you will win 9 for a bet of 1 (assuming your bet comes good!).
Odds ratios.
In the statistics world odds ratios are frequently used to express the relative chance of an event happening under two different conditions. For example, in the context of a clinical trial comparing an existing treatment to a new treatment, we may compare the odds of experiencing a bad outcome if a patient takes the new treatment to the odds of a experiencing a bad outcome if a patient takes the existing treatment.
Suppose that the probability of a bad outcome is 0.2 if a patient takes the existing treatment, but that this is reduced to 0.1 if they take the new treatment. The odds of a bad outcome with the existing treatment is 0.2/0.8=0.25, while the odds on the new treatment are 0.1/0.9=0.111 (recurring). The odds ratio comparing the new treatment to the old treatment is then simply the correspond ratio of odds: (0.1/0.9) / (0.2/0. = 0.111 / 0.25 = 0.444 (recurring). This means that the odds of a bad outcome if a patient takes the new treatment are 0.444 that of the odds of a bad outcome if they take the existing treatment. The odds (and hence probability) of a bad outcome are reduced by taking the new treatment. We could also express the reduction by saying that the odds are reduced by approximately 56%, since the odds are reduced by a factor of 0.444.
Why odds ratios, and not risk/probability ratios?
People often (I think quite understandably) find odds, and consequently also an odds ratio, difficult to intuitively interpret. An alternative is to calculate risk or probability ratios. In the clinical trial example, the risk (read probability) ratio is simply the ratio of the probability of a bad outcome under the new treatment to the probability under the existing treatment, i.e. 0.1/0.2=0.5. This means the risk of a bad outcome with the new treatment is half that under the existing treatment, or alternatively the risk is reduced by a half. Intuitively the risk ratio is much easier to understand. So why do we use odds and odds ratios in statistics?
Logistic regression.
Often we want to do more than just compare two groups in terms of the probability/risk/odds of an outcome. Specifically, we often are interested in fitting statistical models which describe how the chance of the event of interest occurring depends on a number of covariates or predictors. Such models can be fitted within the generalized linear model family. The most popular model is logistic regression, which uses the logit link function. This choice of link function means that the fitted model parameters are log odds ratios, which in software are usually exponentiated and reported as odds ratios. The logit link function is used because for a binary outcome it is the so called canonical link function, which without going into further details, means it has certain favourable properties. Consequently when fitting models for binary outcomes, if we use the default approach of logistic regression, the parameters we estimate are odds ratios.
An alternative to logistic regression is to use a log link regression model, which results in (log) risk ratio parameters. Unfortunately historically these have suffered from numerical issues when attempting to fit them to data (see here for a paper on this). However there is also a more fundamental issue with log link regression, in that the log link means that certain combinations of covariate values can lead to fitted probabilities outside of the (0,1) range.




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п»ї2021 Farmers Insurance Open odds: Surprising PGA picks, predictions from model that nailed six golf majors.
The 2021 Farmers Insurance Open will begin on Thursday at noon ET at Torrey Pines Golf Course with the field playing both the North and South courses over the first two days. After the cut, the tournament will finish on the South course, which hosted the iconic 2008 U.S. Open won by Tiger Woods and will host the 2021 U.S. Open later this year. The chance to get an early look at a major championship venue has brought 10 of the world's top 20 players to San Diego this week and golf bettors will have to parse a deep and talented list of 2021 Farmers Insurance Open contenders.
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Sep 9, 2016; Carmel, IN, USA; Dustin Johnson hits a tee shot during the second round Friday at the BMW Championship at Crooked Stick GC. Mandatory Credit: Thomas J. Russo-USA TODAY Sports.
Jon Rahm is the No. 2 player in the world and the 2017 Farmers Insurance Open champion is the 7-1 favorite in the 2021 Farmers Insurance Open odds. Defending champion Marc Leishman bested Rahm by a stroke at last year's event and he's listed at 33-1 to repeat on this week's PGA Tour odds board. With such a strong 2021 Farmers Insurance Open field set to tee it off, be sure to check out the golf predictions and projected leaderboard from SportsLine's advanced computer model before locking in your 2021 Farmers Insurance Open picks.
SportsLine's prediction model, built by DFS pro Mike McClure, has been on fire since the return of the PGA Tour in June. In fact, it's up over $10,800 on its best bets since the restart, nailing tournament after tournament.
In all, the advanced computer model has also nailed a whopping six majors entering the weekend. Anyone who has followed its golf picks has seen massive returns.
Now that the 2021 Farmers Insurance Open field is locked, SportsLine simulated the event 10,000 times, and the results were surprising. Head to SportsLine now to see the projected leaderboard.
The model's top 2021 Farmers Insurance Open predictions.
One huge shocker the model is calling for at the Farmers Insurance Open 2021: Patrick Reed, an eight-time PGA Tour champion and one of the top Vegas favorites at William Hill, fails to crack the top 10. Reed has finished T-14 or better in three of his last five starts, which includes a top-10 finish at the Masters in November. However, Reed has failed to crack the top-20 in each of his last two outings and he missed the cut last week at The American Express.
Reed's inconsistent performances can be directly attributed to his inability to find the green in regulation. The 30-year-old enters this week's event ranked 185th in greens in regulation percentage (65.12), which doesn't bode well for his chances to finish on top of the leaderboard. He's not a strong pick to win it all and there are far better values in the Farmers Insurance Open 2021 field.
Another surprise: Matthew Wolff, a massive 33-1 long shot, makes a strong run at the title. Wolff has a much better chance to win it all than his odds imply, so he's a target for anyone looking for a huge payday. The 21-year old Oklahoma State product is 16th in the FedEx Cup Standings and 15th in the Official World Golf Ranking. This is just his second event in 2021, but he played well earlier in the 2020-21 season.
He finished second at the 2020 U.S. Open and T-2 at the Shriners Hospitals for Children Open. He also finished T-11 at the QBE Shootout in the final unofficial event of 2020. He's ranked ninth on the PGA Tour in driving distance (313.4), setting up opportunities for makable birdie and eagle putts. He also ranks seventh on the PGA Tour this season in strokes gained approaching the green. Those metrics all bode well for his chances at Torrey Pines this weekend, making him a great selection for 2021 Farmers Insurance Open bets.
How to make 2021 Farmers Insurance Open picks.
Also, the model is targeting four other golfers with odds of 28-1 or higher to make a strong run at the title. Anyone who backs these underdogs could hit it big. You can only see them here.
So who wins the Farmers Insurance Open 2021? And which long shots stun the golfing world? Check out the odds below and then visit SportsLine to see the projected 2021 Farmers Insurance Open leaderboard, all from the model that's nailed six golf majors and is up over $10,800 since the restart, and find out.


U.S. Open 2020 odds: Who's Dustin Johnson's biggest threat to win with Brooks Koepka out?
Golf fans will notice a handful of familiar and unfamiliar facets of this week’s 2020 U.S. Open. Of course, the date and timing on the schedule are unfamiliar—this is the first U.S. Open to be held in September since 1913 when Francis Ouimet won as an amateur at Brookline. Winged Foot will be the first of two U.S. Opens scheduled to take place in this unique season, with the 2021 edition will take place at Torrey Pines in June. A familiar face will be absent at Winged Foot, as Brooks Koepka withdrew last week with an injury that forced him out of the FedEx Cup.
It won’t be a familiar sight with Brooks Koepka not near the top of a major leader board. That not only boosted Dustin Johnson’s odds from 9-1 to 8-1 at most sportsbooks (even lower at other books), but it also brought the odds of contenders Jon Rahm, Justin Thomas, Rory McIlroy and Collin Morikawa a little shorter. Who poses the biggest threat to DJ and his hot end-of-the-summer run that includes three tournament wins and a FedEx Cup title? Oddsmakers say it’s Jon Rahm, and that’s probably a good bet. In the two most difficult events since the PGA Tour returned in June (the Memorial and the BMW Championship), Rahm took the title both times (albeit over DJ in a playoff at the BMW). Rahm is eyeing his first major title, and with an ultra-challenging test promised at Winged Foot, he’s rightfully one of the favorites.
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That’s a sight that will familiar this week: Winged Foot Golf Club, hosting the U.S. Open for a sixth time in club history. The West course is one of the classic major sites in golf, and it promises to play really tough at a par 70 and more than 7,400 yards, having been lengthened over 200 yards since the 2006 U.S. Open. The rough is long and the fairways are tight, but the challenge doesn’t end tee-to-green. Winged Foot’s greens are some of the most diabolical in golf.
The U.S. Open will likely reward the player with the most complete game this week, and that’s a familiar narrative for golf fans. Here’s who oddsmakers think has the best chance this week.
U.S. Open 2020 odds: (per BetMGM)
Dustin Johnson: 8-1 (bet $10 to win $80)
Jon Rahm: 10-1 (bet $10 to win $100)


2020 U.S. Open odds.
2020 U.S. Open odds.
While there will not be any spectators in attendance for this week's 120th U.S. Open at Winged Foot Golf Club in Mamaroneck, N.Y., pretty much all of the game's biggest names will be. Sure, it will not look like any other U.S. Open we've seen in a generations, the show must still go on.
Here's a look at the top 20 odds (courtesy of betonline.ag as for Sept. 14) for those in the Open field.
Scottie Scheffler (40/1)
Before we start with Scheffler, we should mention those fans looking for a fun bet. Phil Mickelson is getting 75-to-1 odds, and already had one bettor drop $45,000 on that action. As far as Scheffler is concerned, he's certainly someone to keep an eye on this week. He tied for fourth at the PGA Championship in early August and finished the same at The Northern Trust. Scheffler was fifth at the Tour Championship.
Justin Rose (40/1)
Looking for a bargain play with a potentially nice payoff? Then Rose might be your man. The 2013 U.S. Open winner at Merion, Rose tied for 10th at the event in 2018 and finished in a tie for third place last season. He also fared well at this year's first major, finishing ninth at the PGA Championship. When it comes to stepping up as the lights grow brightest, Rose is one of the best at doing so. We think it will be more of the same this week.
Tyrrell Hatton (40/1)
The Mad Hatter has fared pretty well in major championships. placing inside the top 10 in three of his last eight such starts. That includes a tie for sixth at the U.S. Open in 2018. That said, Hatton missed the cut at this year's PGA Championship, so it will be interesting to see how the Englishman rebounds this week at Winged Foot.
Patrick Reed (40/1)
Like him or hate him, Reed is still one of the best golfers in the world. He finished tied for eighth at the recent Tour Championship and placed inside the top 15 at the PGA Championship last month, so Reed is still a factor when it comes to going against the best in the world. Of course, with Reed, the mental game comes into question. More specifically, where is his head at and can he avoid being his own worst enemy?
Tiger Woods (33/1)
Here we go. Another major shot for Woods, who is one victory shy of becoming the outright leader with 83 PGA Tour titles. In terms of majors, Woods sits on 15 wins. He's won America's national championship three times (2000, '02 and '08), but it's been some time. This will be the third straight season that Tiger will make a U.S. Open start. Since golf's summer return, Woods' best finish is a T37 at the PGA Championship.
Jason Day (33/1)
Considering all that Day has dealt with in recent years, his T4 finish and overall strong play at this year's PGA Championship was certainly a confidence booster. That said, the U.S. Open has not been kind to Day in his recent years. He's missed the cut twice in his last three such events, but finished in a tie for 21st in 2019. If there's one guy to root for this week, Day should be near the top of that list.
Adam Scott (33/1)
Another big name coming in at 33 to 1. Scott only has only one major win (2013 Masters), which still seems hard to believe considering how elite a player he's been during his stellar career. Since 2011, only one season (2016) has Scott failed to finish in the top 10 during at least one major tournament. Scott finished in a tie for seventh at the U.S. Open in 2019 - his second-best placement at the event.
Hideki Matsuyama (33/1)
Matsuyama is solid veteran presence who usually tends to find himself on the first page of the leaderboard at some during the weekend at a major championship. He's finished inside the top 10 at seven major tournaments, including the U.S. Open twice (T10 in 2013 and T2 in 2017). Matsuyama finished in a tie for 22nd at the PGA Championship this year, and bookmakers seem to give him a relatively decent chance at Winged Foot.
Tommy Fleetwood (33/1)
Oddsmakers still seem to have a soft spot for Fleetwood, even though he's struggled since golf returned for the summer. His T29 at the PGA Championship is considered a disappointment because of how well he's fared in past majors. In terms of the U.S. Open, Fleetwood placed fourth in 2017 and was the runner-up in 2018 before failing to crack the top 60 last season.
Daniel Berger (28/1)
Two years ago, Berger tied for sixth at the U.S. Open. That's his best finish at any major tournament. However, he's played relatively well since the PGA Tour reopened for business in June. He won the Charles Schwab, tied for third at the RBC Heritage, was T2 at St. Jude and placed third at The Northern Trust to kick off the FedEx Cup playoff. Berger is one of those golfers who could quietly find himself in mix on Sunday at Winged Foot.
Webb Simpson (28/1)
It was 2012 when Simpson won the U.S. Open (at The Olympic Club) for his lone major title to date. Simpson has been one of the most consistent golfers on the PGA Tour in recent years, so it's obviously not a surprise that he's getting respectable odds. In his last three starts overall, Simpson's worst finish was a T12 at the Tour Championship. Expect him to be in the hunt at Winged Foot.
Tony Finau (25/1)
We're still waiting for Finau to capture that first major title since he's come so close in the past. In his last nine major starts, Finau has placed inside the top 10 six times. That includes this year's PGA Championship, when Finau tied for fourth. At the U.S. Open, his best finish was a fifth in 2018. Finau missed the cut at the 2019 event, but his overall major track record suggests he will be in the hunt this weekend.
Patrick Cantlay (25/1)
Cantlay is one of those golfers who, for at least the past two seasons or so, has been a trendy pick for his first major title. While he ranks among the world's top 15 golfers, he only has three top 10s in 12 starts during this unique 2020 season. Perhaps his odds are a little generous, but, at the moment, Cantlay likely needs to step up his game in order to be a real threat at Winged Foot.
Collin Morikawa (18/1)
Can Morikawa make it 2 for 2? He won 2020's first major at the PGA Championship, and now his focus is on the U.S. Open. Morikawa finished tied for 35th in his only previous U.S. Open start in 2019. Not bad for a first timer. He was sixth at the Tour Championship at the Tour Championship, so all signs should point to Morikawa once again being in contention at another important tournament.
Bryson Dechambeau (18/1)
The beefed-up DeChambeau enters the U.S. Open as one of the favorites in terms of odds and brand name, but the questions offers if he's playing well enough to actually win? After finishing fourth at the PGA Championship, DeChambeau's best over the three FedEx Cup Playoff tournaments was 22nd at the Tour Championship. Not to mention, his best U.S. Open finish was a tie for 15th during the 2016 season.
Xander Schauffele (18/1)
Considering how well Schauffele has played in three other U.S. Opens, it's not surprising he posts some decent odds this week. Since 2017, Schauffele is finished T5, T6 and T3 at America's national championship. He also enjoyed a strong showing at the Tour Championship, so its seems like things are lining up nicely for Schauffele to be a serious contender once against at Winged Foot.
Rory McIlroy (14/1)
Rory will be playing his first major championship since becoming a father. McIlroy, who won his only U.S. Open title back in 2011 at Congressional, tied for ninth in the event last year. A top-10 finish at the Tour Championship was a nice way to build some momentum heading into this event. But, we should always expect McIlroy to be on top of his game when it seems to matter most.
Justin Thomas (14/1)
Thomas won the St. Jude and tied for second at the Tour Championship. The latter is a particularly good sign for Thomas, who struggled during the first two events of the FedEx Cup Playoff events. While the talent is certainly there for Thomas, the mental aspect of his game might be what's most integral to his cause at Winged Foot this week.


2020 U.S. Open odds: Surprising PGA picks, predictions from advanced model that nailed six golf majors.
SportsLine simulated the 2020 U.S. Open 10,000 times and came up with a surprising leaderboard.
This week's 2020 U.S. Open marks the sixth time the tournament has been held at Winged Foot Golf Club in New York. Fuzzy Zoeller and Greg Norman are the only two players to go under par over 72 holes before Zoeller won in a playoff in 1984. With over 200 yards added since the U.S. Open was last played at Winged Foot in 2006, the world's top players could be in for a challenge when the first 2020 U.S. Open tee times get underway on Thursday at 6:50 a.m. ET.
Dustin Johnson is the 17-2 favorite in the current 2020 U.S. Open odds from William Hill. However, Jon Rahm (10-1), Justin Thomas (14-1), Rory McIlroy (16-1) and Xander Schauffele (16-1) are also near the top of this week's PGA odds board for the U.S. Open 2020. Before locking in your 2020 U.S. Open picks or entering any PGA DFS tournaments on sites like DraftKings and FanDuel, be sure to see the golf predictions and projected leaderboard from the proven computer model at SportsLine.
SportsLine's prediction model, built by DFS pro Mike McClure, has been on fire since the return of the PGA Tour in June. In fact, it's up over $8,000 on its best bets since the restart, nailing tournament after tournament.
The model was all over Dustin Johnson (8-5) finishing on top of the leaderboard at the Tour Championship and Justin Thomas winning the WGC-FedEx St. Jude Invitational at 12-1. And at the 3M Open, McClure's best bets returned a whopping $1,100 as he nailed a top-five pick on Max Homa (12-1) and a top-20 pick on Talor Gooch (4-1). Those are just some of his big recent wins.
In all, the advanced computer model has nailed a whopping six majors entering the weekend, including two of the last four. Last year at the U.S. Open, the model nailed Gary Woodland's win entering the weekend, even though he wasn't the favorite. Anyone who has followed its golf picks has seen massive returns.
Now that the 2020 U.S Open field is taking shape, SportsLine simulated the event 10,000 times, and the results were surprising. Head to SportsLine now to see the projected leaderboard.
The model's top 2020 U.S. Open predictions.
One huge shocker the model is calling for at the U.S. Open 2020: Rory McIlroy, a former U.S. Open champion and one of the top Vegas favorites, stumbles and barely cracks the top five. McIlroy's emphatic 2011 U.S. Open victory at Congressional Country Club was remarkable, defeating runner-up Jason Day by eight strokes.
McIlroy was also sensational at the beginning of the 2019-20 season, finishing fifth or better in his first six starts. However, McIlroy has seen a dramatic drop-off after the PGA Tour resumed play following the hiatus caused by the coronavirus pandemic. In fact, he has recorded just one top-10 finish since June and enters the 2020 U.S. Open having finished outside the top 30 in six of his last nine starts.
McIlroy's inconsistent performances can be directly attributed to his inability to find the fairway off the tee. The four-time major champion finished last season ranked 155th in driving accuracy percentage (56.34), which doesn't bode well for his chances to finish on top of the leaderboard at Winged Foot. He's not a strong pick to win it all and there are far better values in this loaded U.S. Open 2020 field.
Another surprise: Daniel Berger, a massive 30-1 long shot, makes a strong run at the title. He has a much better chance to win it all than his odds imply, so he's a target for anyone looking for a huge payday. After recording three consecutive top-10 finishes before the PGA Tour shut down due to the coronavirus, Berger picked up right where he left off with a win the first week after the restart at the Charles Schwab Challenge.
Berger went on to record three more top-three finishes down the stretch and has only landed outside the top 25 once since February. Berger ranked 27th in strokes gained off the tee, so he has the length and accuracy to be a factor. He also ranked 17th in strokes gained putting, so he should be able to tame the lightning-fast greens at Winged Foot. The model is backing Berger as part of its 2020 U.S. Open bets.
How to make 2020 U.S. Open picks.
Also, the model is targeting four other golfers with odds of 18-1 or higher to make a strong run at the title. It's also targeting an epic long shot to win it all. Anyone who backs these underdogs could hit it big. You can only see them here.




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п»їBet Calculator - Calculate your betting odds.
Whether you are new to the world of betting or somewhat of an old hand when it comes to having a flutter every now and again, you will undoubtedly be aware of the sheer range of options at bookmakers like Betfair and Paddy Power when it comes to having a bet.
While putting money on a horse winning a race may sound like a relatively straightforward matter, there is a wide range of bets available. For example, are you planning to keep it simple with a single bet on one race? Or, alternatively, are you looking to take a chance on a larger gamble with an accumulator?
Thankfully, that is where online odds calculators come into their own. These handy tools can make a huge difference to your betting activity, providing you with a full overview of the options available and ultimately helping you to place the bet – or combination of bets – that works best for you.
In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance.
What is an odds calculator?
On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful.
Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make. This could be anything from a single to a Yankee to Super Heinz or an accumulator. Once you’ve provided this information, you will then be asked to enter the odds on your bet and also the stake that you’ve placed on it. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article.
You will then repeat that process however many times is necessary – for example, if you have placed multiple bets – and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play. The latter offers compensation in the event that a horse withdraws from a race after a bet is placed.
Clear benefits.
After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful.
Choose your each-way terms with the odds calculator – these vary based on the number of runners and the type of race.
As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets. The ability to input information on a combination of bets is a particular benefit, as it ensures you do not get a headache while attempting to consider the potential outcomes of the bets you have made.
Fractions vs decimals.
For a great number of horse racing fans, the use of fractions is the traditional way of viewing the odds for the runners and riders, but the use of decimals is something which has grown significantly across recent years, too. The concept operates on the straightforward notion that you simply multiply a stake by the decimal shown and the outcome will be your total winnings. For example, if you place a ВЈ1 bet on a horse with odds of 4.00, you will get a return of ВЈ4.
While the use of decimals may seem very simple in that respect, it is worth bearing in mind that the concept offers up one fundamental difference in comparison to the use of fractional odds. When it comes to decimal odds, your stake is always factored into the return that you calculate but this is not the case when following the fraction method. In terms of the latter, if you put £1 on odds of 4/1 you will receive £4 in profit but also get your £1 stake back too – so £5 in total. As such, the fraction allows you to work out your winnings, but you will also need to factor in that your stake will also be returned to you as well.
A better understanding.
It goes without saying that a huge number of people across the globe love betting on horse racing with bookmakers like Betfair and Paddy Power , whether they are attending race meetings in person, following the action on TV, or online via streaming services. You can get free Timeform tips for every British and Irish horse race and free Infogol tips on Europe's biggest football leagues. However, it is also true that some can find it a complicated world to navigate around and they often want a bit of a helping hand to get started.
Whatever your level of experience, taking some time to gain a better understanding of how the different formats for odds work can be an important step towards making informed decisions on your betting. Furthermore, the use of odds calculators can help you fully understand how specific combinations of bets could put you on the path towards winning big and also ensure you are fully aware of the winnings that you are due.


Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
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). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
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Betting Odds Calculator.
Bet Calculator.
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Return.
The money you get back if you win.
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The profit you make if you win.
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Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
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Calculate how much money you stand to win per wager with our betting odds calculator. It definitely comes in handy when placing bets on Monday Night Football!
A bet calculator is an absolute necessity in the arsenal of any serious bettor. The sports betting calculator allows users to simplify some of the more complicated math and get quick and precise calculations of odds and potential winnings.
To learn more about how to use a betting calculator and the different odds formats available for sports betting read below.
How To Use A Betting Odds Calculator.
A betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically. Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds.
There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. Each type of odds requires different calculating methods when using a sports betting odds calculator.
You can also have a look at our odds converter!
American Odds.
Profit = (Stake * Odds) / 100.
Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator:
Profit = (50 * 275)/100 Profit = 13750/100 Profit = $137.50.
When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. So if we took the same example and gave the Boston Red Sox odds of -140, it would represent the fact you would have to wager $140 to make a profit of $100. To calculate the profit for an American minus odds you may use the formula:
Profit = (Stake / Odds) * 100.
So if the Red Sox were getting -140 odds and you were going to wager $50 on them the betting calculator calculation would go like this:
Profit = (50 / 140) * 100 Profit = (0.357) * 100 Profit = $35.7.
When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest.
Decimal Odds.
Decimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default. With decimal odds, you get the sum of the amount you would get in return for a $1 bet.
At most online sportsbooks like BetRivers or bet365, you can switch to this format if you prefer.
For example, let’s take a basketball game between the Los Angeles Lakers and Boston Celtics. If the Lakers were getting 2.50 odds for the game, it would mean that for every $1 you bet on the team you would get $2.50. To break it down, you would receive your stake back as $1 and another $1.50 in profits.
Calculating the potential earnings for decimal odds is very simple. You simply multiply your stake by the odds and then subtract your stake.
Profit = (Stake * Odds) – Stake.
Let’s take a look at the above example with a stake of $50.
Profit = (50 * 2.50) – 50 Profit = (125) – 50 Profit = $75.
While the calculations for decimal odds may seem very easy when the profits for accumulator bets are being calculated it’s best to use a betting odds calculator to ensure your accuracy. An odds calculator will automatically work out the odds of all the wagers combined and give potential winnings for parlay bets in seconds.
Fractional Odds.
Fractional odds are popular in the European region, especially amongst horse racing bettors in the UK and sometimes for Daytona 500 betting. With fractional odds, you are given the profit in proportion to the stake. So for example, if we had a matchup between the Dallas Cowboys and Washington Redskins where the Cowboys were getting 3/2 odds, it would mean that for every $2 you bet, you would get $3 in profit.
The way a betting odds calculator calculates the profits for a fractional odds bet is by dividing your stake by the denominator and then multiply the stake by the numerator:
Profit = (Stake / denominator) * numerator.
Taking the example mentioned above, if we add a stake of $100 to the Cowboys who are getting 3/2 odds, then the bet calculator calculation would go like this:
Profit = (100 / 2) * 3 Profit = (50) * 3 Profit = $150.




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п»ї2020 Masters odds: Surprising PGA picks, predictions from same model that nailed six majors.
SportsLine simulated the 2020 Masters 10,000 times and came up with a surprising leaderboard.
One of the overlooked players heading into the 2020 Masters is Australia's Adam Scott. The 40-year-old has won 14 times on the PGA Tour, but no victory was more impactful than his playoff win at the 2013 Masters. Scott has played well in 2020, winning the Genesis Invitational to break a four-year winless drought. But does he have what it takes to conquer Augusta National again when the first 2020 Masters tee times begin on Thursday at 7 a.m. ET?
Scott will go off as a 40-1 longshot in the 2020 Masters odds at William Hill Sportsbook. Bryson DeChambeau, who has been bashing drives to little-seen portions of Augusta National during practice rounds, is the tournament favorite at 8-1. Before locking in your 2020 Masters picks or entering any PGA DFS tournaments on sites like DraftKings and FanDuel, be sure to see the latest 2020 Masters predictions and projected leaderboard from the proven computer model at SportsLine.
SportsLine's prediction model, built by DFS pro Mike McClure, has been on fire since the return of the PGA Tour in June. In fact, it's up over $11,000 on its PGA best bets since the restart, nailing tournament after tournament.
In all, the advanced computer model has also nailed a whopping six majors entering the weekend. Anyone who has followed its golf picks has seen massive returns.
Now that the 2020 Masters field is locked, SportsLine simulated the event 10,000 times, and the results were surprising. Head to SportsLine now to see the projected leaderboard.
The model's top 2020 Masters predictions.
One huge shocker the model is calling for at the Masters 2020: DeChambeau, the defending U.S. Open champion and top favorite at William Hill, stumbles and barely cracks the top 10. DeChambeau proved his style of play can lead to a major championship title, winning the first major of his career in convincing fashion at Winged Foot in September. However, DeChambuau has struggled at Augusta National, finishing outside the top 25 in his last two starts at the Masters.
DeChambeau has also finished 30th or worse in four of his last eight starts on the PGA Tour, and his inconsistent performances can be directly attributed to his inability to find the fairway off the tee. The 27-year-old enters the 2020 Masters Tournament with a 52.68 driving accuracy percentage, which ranks 205th on the PGA Tour. He also ranks 131st or worse in total putting (251., putting average (1.748) and one-putt percentage (36.81), which doesn't bode well for his chances to finish on top of the 2020 Masters leaderboard at Augusta National. He's not a strong pick to win it all and there are far better values in the Masters Tournament 2020 field.
Another surprise: Patrick Cantlay, a massive 25-1 long shot, makes a strong run at the title. He has a much better chance to win it all than his odds imply, so he's one of the 2020 Masters picks and sleepers you should be all over.
The 28-year-old would love nothing more than making his fourth PGA Tour victory a Masters championship. Cantlay enters Masters week in fine form after winning the Zozo Championship in October.
The former No. 1 amateur player in the world also knows Augusta National well, earning low amateur honors in 2012 and finishing ninth at the 2019 Masters. This could be Cantlay's breakthrough week on the major championship stage, which is why you should consider him for your 2020 Masters bets, according to the model.
How to make 2020 Masters picks.
Also, the model is targeting three other golfers with odds of 25-1 or higher to make a strong run at the title. Anyone who backs these underdogs could hit it big. You can only see them here.
So who will win Masters 2020? And which long shots stun the golfing world? Check out the odds below and then visit SportsLine to see the projected 2020 Masters leaderboard, all from the model that's nailed six golf majors and is up over $11,000 since the restart to find out.




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п»їBetting Odds Explained.
More for Beginners.
Betting Odds Explained What is a Betting Exchange? Betfair v Smarkets Betfair Exchange Guide Smarkets Exchange Guide.
Matched betting is available to everyone, even those of you who have never placed a bet before. If that’s you and you want to know more about betting odds, you’re in the right place!
In this guide, I’ll explain what betting odds are, how they work and how we can use them to work out the probability of an event occurring.
What are betting odds?
Betting odds are numbers used by bookmakers to represent the probability of an outcome occurring and tell us how much they’re willing to pay out on a winning bet.
Betting odds may seem a little confusing to start with, but they’re actually quite straightforward once you’re familiar with them.
What is probability?
Probability is the likelihood of an outcome happening and is usually displayed as a percentage.
For example, if we were to toss a coin, there are two possible outcomes. There’s a 50% chance that the coin will land on heads and a 50% chance that the coin will land on tails.
How do betting odds work?
Betting odds are displayed as fractions or decimals and tell us how much we stand to win if our bet is successful.
Traditionally, bookmakers display their odds as fractions, such as 9/1 on England to win the World Cup.
Fractional odds explained.
Fractional odds tell us how much we stand to win in relation to our stake. The number on the left is the amount we stand to win if we stake the amount on the right.
So, if we bet £1.00 on England to win the World Cup at odds of 9/1, we’ll win £9.00. We’ll also get our £1.00 stake back, giving us total returns of £10.00.
Here are some other examples…
5/1 – We’ll win £5.00 for every £1.00 we bet 6/4 – We’ll win £6.00 for every £4.00 we bet 1/2 – We’ll win £1.00 for every £2.00 we bet.
Decimal odds explained.
Decimal odds show us how much a winning bet will return, inclusive of our stake. We simply multiply our stake by the odds, to get our total returns.
So, if we bet £1.00 on England to win the World Cup at odds of 10.00, we’ll get £10.00 back, which includes our £1.00 stake.
Here are some other examples…
6.00 – A £1.00 bet would return £6.00 2.50 – A £4.00 bet would return £10.00 1.50 – A £2.00 bet would return £3.00.
As you can see, the fractional odds of 9/1 and the decimal odds of 10.00 return exactly the same amount. They’re just different ways of displaying things.
Which odds format is best?
I think if you asked a regular punter, they would probably favour fractional odds because that’s what they’re used to betting with.
When it comes to matched betting though, decimal odds are the clear winner. They’re much easier to compare at a glance, which is an essential part of the matched betting process. Betting exchanges display their odds as decimals too, so it makes sense all round to go with decimals.
To illustrate just how much easier decimal odds are to compare than fractions, take a look at the following graphics…
I’m sure you’ll agree, it’s much easier to compare the decimal odds at a glance than it is their fractional equivalents above.
What are moneyline odds?
You won’t ever need to use them for matched betting, but they’re worth mentioning as you’ll no doubt come across them as an option at some point.
Fractional to decimal odds.
We shouldn’t need to manually convert odds all that often as we can simply change our odds preference at the bookmakers.
I’ve also created an Odds Converter tool that will help you convert fractional, decimal and moneyline odds into your preferred format. You can also get the implied probability of an outcome happening based on the odds you’ve entered.
To be honest though, after a while you’ll probably find yourself converting odds in your head without even thinking.
Example.
In this example, we’ll convert fractional odds of 9/1 into decimal odds.
To do this, we simply divide the number on the left by the number on the right and then add one, which accounts for our stake…
So, fractional odds of 9/1 is the same as decimal odds of 10.00.
Here are some other examples…
5/1 – 5 divided by 1 equals 5, plus 1 equals 6.00 6/4 – 6 divided by 4 equals 1.5, plus 1 equals 2.50 1/2 – 1 divided by 2 equals 0.5, plus 1 equals 1.50.
Calculating implied probability.
Implied probability is simply the conversion of betting odds into a percentage. It gives us a rough idea of how likely something is to happen.
The actual probability of an outcome happening is usually a little less than the implied probability. This is because betting odds factor in the bookmaker’s margin. Bookmakers offer odds that they believe are lower than the actual chances of something happening. This is how they make their money in the long-term.
Example 1.
In this example, we’ll calculate implied probability from fractional odds of 9/1.
To do this, we simply divide the number on the right by the sum of both numbers and then multiply by 100…
So, if something has fractional odds of 9/1, it has an implied probability of 10%.
Here are some other examples…
5/1 – 1 divided by 6, then multiplied by 100, equals 16.7% 6/4 – 4 divided by 10 , then multiplied by 100, equals 40% 1/2 – 2 divided by 3 , then multiplied by 100, equals 66.7%
Example 2.
In this example, we’ll calculate implied probability from decimal odds of 10.00.
To do this, we simply divide one by the decimal odds and then multiply by 100…
So, if something has decimal odds of 10.00, it has an implied probability of 10%.
Here are some other examples…
6.00 – 1 divided by 6.00, then multiplied by 100, equals 16.7% 2.50 – 1 divided by 2.50 , then multiplied by 100, equals 40% 1.50 – 1 divided by 1.50 , then multiplied by 100, equals 66.7%
Final words.
That’s pretty much everything you need to know about betting odds and how they work.
In a nutshell, betting odds give us a rough probability of an event occurring and they tell us how much money our bet will return if it wins.
Don’t worry if things still feel a little alien at this point. I’ve every faith you’ll get to grips with them in no time!
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Odds Explained.
We got you covered with the best guide for odds, everything you need to know about odds.
What are Fractional Odds?
Fractional odds are the most traditional format of listing odds and show bettors the probability of an event happening – and how much can be made from a bet on that event.
How to Calculate Winnings with Fractional Odds?
As an example, we will use the fractional odds for an English soccer game.
You may see on BettingTop10 that Liverpool is 1/2 to win the game, while Watford is 5/1.
As you can see, the simple formula here is with an underdog is the number to the left of the slash, multiplied by your stake, equals the winnings.
With a favourite your stake is divided by the number to the right of the slash.
How to Convert Fractional Odds to Decimal Odds.
Most betting sites will have an inbuilt fractional odds calculator but here is a simple way to convert the odds.
Just divide the fraction and add 1.
In the examples we used before the odds for a Liverpool win would be 1.5.
The Watford decimal odds are 6.00.
Here is a handle conversion table covering some of the most popular betting odds.
1/2 = 1.50 1/1 = 2.00 2/1 = 3.00 3/1 = 4.00 4/1 = 5.00 5/1 = 6.00 10/1 = 11.00 25/1 = 26.00 50/1 = 51.00 100/1 = 101.00.
How to Convert Fractional Odds to American Odds.
In Canada, you may be more used to seeing American odds – but these can be converted. For underdog fractional odds (over 1/1) first convert into decimal then multiply by 100.
For favourites you will need to divide -100 by the fractional odds as a decimal.
1/2 = -100 divided by 1/2 (0.5) = -200.
Here’s the conversion table.
How to Calculate Winnings with Decimal Odds.
Decimal odds are also the easiest for working out potential winnings. You just need to multiply the odds by your stake.
For example, Manchester City might be priced at 3.00 to win the English Premier League. If you bet $10 on that outcome – and City win – you would get $30.
Stake ($10) x Odds (3.00) = Winnings ($30.00)
Unlike fractional odds, your calculated returns include the original stake.
What are Decimal Odds?
Decimal odds are a way of listing the betting prices that is commonly used in Europe and are probably the most straightforward method. They are portrayed as two figures separated by a decimal point.
What are American Odds?
For example, in an NFL game the odds could look like this:
How to Calculate Winnings with American Odds?
With an underdog, the odds show you how much you would receive from a $100 bet. The favourite’s odds tell you how much you would have to wager to make $100.
So, using the example from before, a $100 bet on Arizona could make you $300. A $100 bet on the Patriots would get you $50. The original stake would also be returned.
Point Spread Explained.
What is Point Spread in Betting?
The points spread is a market that is priced up by all Canadian bookmakers and is a way of making a seemingly one-sided contest into a more competitive one. Having the points spread explained can be tricky for beginners, so here at BettingTop10, we’ve compiled a short guide to this hugely popular method of wagering.
Some of the most popular leagues and competitions in Canada will stage a number of one-sided contests throughout the season and these ties tend to result in the hosts using home advantage in their favour. The points spread allows bettors to wager on a market that gives both teams a fighting chance.
The favourites would be required to overcome the pre-determined deficit in order to win the points spread whilst the underdogs would need to stay within a set number of points of the predicted match-winners.
If the favourites are -5.5 pre-match, they would be required to triumph by at least six points in order to overcome this handicap.
How to Calculate Winning Point Spread Odds?
Although it may appear a little complicated at first, calculating your winnings on the points spread market is relatively straightforward. Many reputable wagering sites also offer a Point Spread Calculator which will automatically work out your returns.
What is the Puck Line?
Whilst football and basketball are always priced up using the points spread. Hockey tends to use slightly different terminology. The Puck Line is essentially offering one side an advantage and the opposing team a disadvantage. With tighter games commonplace in the NHL, the margins are much smaller on the puck line.
Example:
On Wednesday 9 th October 2019, Dallas Stars face the Washington Capitals and Sports Interaction have priced up the puck line:
Washington Capitals -1.5.
The bookmakers are expecting a relatively close game between the pair. The smaller the points spread, the tighter the contest is likely to be.
The Capitals would be required to win by two clear points in order to pay-out on the points spread. If they won 3-1, you can subtract -1.5 from their total score (3) and they would still be leading (1.5-1). This would be chalked up as a victory on the points spread market.
Run Line.
Example:
Houston at Tampa (9 th Oct 2019)
Houston: J Verlander – 1.5 Points Spread @ 1.72.
What is a PK or Pick’em?
Occasionally there will be two teams that are extremely well-matched and there is no discernible difference between the pair. This is described as a ‘Pick’em’ and means that there is no favourite or underdog for the match. If you back either side in this situation – they must win the game in order for you to receive a pay-out.
What if it’s a Tie?
Ties are fairly common in sport and the bookmakers will simply ‘push’ the points spread market in the event of this occurrence. If the two teams cannot be separated then you get your money back. If you wagered $10 on -2.5 and the match ended 4-4, then your account would be re-credited with the $10 outlay once the game has concluded.


Decimal Odds in Sports Betting, Explained.
IAN KINGTON/AFP via Getty Images. Pictured: Alexandre Lacazette.
Decimal odds are the most popular type of odds around the world, and have two main advantages over American odds — they convert to probabilities much easier, and they’re slightly more intuitive once you’re familiar.
So how do decimal odds work?
Decimal odds represent the total return for every $1 wagered, including the money you risked.
An American moneyline at -110 is 1.91 in decimal odds. Why?
Because for every $1 you’re betting, you’re getting 91 cents back, plus the original dollar.
Therefore, any odds under 2.0 will represent a favorite. Any odds over 2.0 will be an underdog.
Use the links to jump to each section.
Calculating Payouts with Decimal Odds.
Calculating payouts with decimal odds is simple.
Just multiply your wager by the decimal odds, and you’re done.
Money Risked * Odds = Total Payout.
That $26 represents the $16 you’d profit from a Dolphins win, plus your original $10 back.
Your pal Norman wants to bet $10 on the Bills moneyline (-200 in American odds) in that same game. In decimal odds, that would be 1.5.
If the Bills win, he’ll get $20 back and profit $10 for a total of $30.
Why Use Decimal Odds?
The biggest reason to switch to decimal odds is because the conversion to probabilities is so easy. It’s the same whether you’re working with an underdog or favorite.
Converting American odds to implied probabilities requires slightly different formulas for favorites and underdogs.
For decimals, it’s the same no matter what you’re betting.
Another reason to use decimal odds is that they’re based around betting $1 and scale up and down easily, instead of being based on betting $100 like American odds.
How to Convert Decimal Odds to Implied Probability.
I promised converting decimal odds to implied probabilities was easy. So here we go.
The Bills at -200 (or 1.5 in decimal odds) would have an implied probability of 66.6%.
Converting American Odds to Decimal Odds.
Decimal odds start to look familiar when you’ve seen them enough.
For example, an NFL point spread at -110 is 1.91. That will become second nature quickly.
But at first, you’ll need to do some conversion, especially for favorites. You can use our odds converter, or do it by hand.
For Negative Odds: 1 – (100 / American Odds)
So converting the Bills from -200 is slightly different.
Converting Decimal Odds to American Odds.
If you still want to use American odds but only see a line in decimal odds at a European sportsbook, you can make the conversion.
To convert a decimal of 2.00 or higher: (Decimal odds – 1) * 100.
In our Bills-Dolphins example, you’d plug 2.6 into the following formula to convert back to American odds.
To convert a decimal of less than 2.00: (-100) / (Decimal Odds – 1)
For the Bills at 1.5, you’d do:
Should I Switch to Decimal Odds?
U.S. sportsbooks will default to show American odds, but you can switch to show decimal odds instead. It’s usually in the top right corner once you’re logged in.
It’s a personal preference, but if you’re serious about using basic math like implied probabilities when you bet, decimal odds will save you the extra conversion steps.


How To Read Odds.
Understanding betting odds is key to successful betting. If you do not understand betting odds and the probabilities that they imply, you will struggle to succeed in betting on sports long term.
You don’t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure.
How to read American odds.
There are three popular odds formats:
Fractional Odds Decimal Odds American Odds.
For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator.
American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls.
Put Your Odds Knowledge to the Test.
Super Bowl Special Offer.
A big offer for the Big Game!
Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
New customers only. 21+. NJ, CO, IN, TN, IN, MI, IA, VA and WV only.
How to calculate implied probability.
As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, Pointsbet Sportsbook.
So how do we calculate the implied probability in American odds?
Calculating the implied probability in positive American odds is quite simple:
So the implied probability of the Lakers winning the game is 0.4348 (or 43.48%). In this instance, the bookmakers believe the Lakers are a 43.48% chance of winning the game.
Calculating the implied probability in negative American odds is fairly straightforward:
So in our example, the Bulls are at odds of -140 to win the game. What is the implied probability of these odds?
So the implied probability of the Bulls winning the game is 0.5833, or 58.33%. In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game.
Value bets.
As stated earlier, the key to successful betting is to bet only when there is value. In our example, we should only bet on either the Bulls or the Lakers if we determine that they are a better chance to win the game than what the odds represent.
If we believe the Lakers are a better chance to win than 43.48%, we should bet on them. If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them.
Understanding betting odds is crucial to long-term betting success. Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
See real odds at online sportsbooks.
At many sportsbooks, you’re free to see the odds no matter what state you happen to be in. However, you can only place real money bets at online sportsbooks odds if you’re located in states that have legal sports betting.
However, if you want to bet on horses, you’re more in luck there! Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world.
Betting Against The Odds.
In Summary: Betting Odds Explained.
Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct.
The probability represented by betting odds is often referred to as the ‘implied probability’. Understanding the implied probability is crucial. Why? Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. But if you would like to learn more about betting odds and alternative odds formats, try this odds converter.
Let’s consider an example. Let’s say the New York Giants are facing the Washington Redskins in a regular season NFL game. The Giants are at odds of -110 to cover the betting line of -3.5 points. The probability implied in the odds -110 is 52.4%. You’ve done your research and have determined the Giants are a 60% chance to cover the -3.5 betting line. As 60% is greater than 52.4%, you have found what is commonly referred to as a ‘value bet’.
However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. You have not found a value bet and should not place a bet on the Giants.




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п»їHow to Calculate Odds.
The bet calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets.
Choose the amount of money you want to bet.
Choose the odds you have been given or would like to test.
Payout.
Your total payout with the current odds and stake.
$190.91.
Profit.
Decimal.
Implied Probability.
Fractional / UK.
How to Calculate Parlay Bet Odds.
A parlay bet is a single wager that requires two or more outcomes to all win. The parlay calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets.
Choose the amount of money you want to bet.
Type the odds you want to add and press enter or tab.
Payout.
Your total payout with the current odds and stake.


Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
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). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
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Betting Odds Calculator.
Bet Calculator.
Wager.
Return.
The money you get back if you win.
To Win.
The profit you make if you win.
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Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
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Calculate how much money you stand to win per wager with our betting odds calculator. It definitely comes in handy when placing bets on Monday Night Football!
A bet calculator is an absolute necessity in the arsenal of any serious bettor. The sports betting calculator allows users to simplify some of the more complicated math and get quick and precise calculations of odds and potential winnings.
To learn more about how to use a betting calculator and the different odds formats available for sports betting read below.
How To Use A Betting Odds Calculator.
A betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically. Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds.
There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. Each type of odds requires different calculating methods when using a sports betting odds calculator.
You can also have a look at our odds converter!
American Odds.
Profit = (Stake * Odds) / 100.
Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator:
Profit = (50 * 275)/100 Profit = 13750/100 Profit = $137.50.
When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. So if we took the same example and gave the Boston Red Sox odds of -140, it would represent the fact you would have to wager $140 to make a profit of $100. To calculate the profit for an American minus odds you may use the formula:
Profit = (Stake / Odds) * 100.
So if the Red Sox were getting -140 odds and you were going to wager $50 on them the betting calculator calculation would go like this:
Profit = (50 / 140) * 100 Profit = (0.357) * 100 Profit = $35.7.
When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest.
Decimal Odds.
Decimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default. With decimal odds, you get the sum of the amount you would get in return for a $1 bet.
At most online sportsbooks like BetRivers or bet365, you can switch to this format if you prefer.
For example, let’s take a basketball game between the Los Angeles Lakers and Boston Celtics. If the Lakers were getting 2.50 odds for the game, it would mean that for every $1 you bet on the team you would get $2.50. To break it down, you would receive your stake back as $1 and another $1.50 in profits.
Calculating the potential earnings for decimal odds is very simple. You simply multiply your stake by the odds and then subtract your stake.
Profit = (Stake * Odds) – Stake.
Let’s take a look at the above example with a stake of $50.
Profit = (50 * 2.50) – 50 Profit = (125) – 50 Profit = $75.
While the calculations for decimal odds may seem very easy when the profits for accumulator bets are being calculated it’s best to use a betting odds calculator to ensure your accuracy. An odds calculator will automatically work out the odds of all the wagers combined and give potential winnings for parlay bets in seconds.
Fractional Odds.
Fractional odds are popular in the European region, especially amongst horse racing bettors in the UK and sometimes for Daytona 500 betting. With fractional odds, you are given the profit in proportion to the stake. So for example, if we had a matchup between the Dallas Cowboys and Washington Redskins where the Cowboys were getting 3/2 odds, it would mean that for every $2 you bet, you would get $3 in profit.
The way a betting odds calculator calculates the profits for a fractional odds bet is by dividing your stake by the denominator and then multiply the stake by the numerator:
Profit = (Stake / denominator) * numerator.
Taking the example mentioned above, if we add a stake of $100 to the Cowboys who are getting 3/2 odds, then the bet calculator calculation would go like this:
Profit = (100 / 2) * 3 Profit = (50) * 3 Profit = $150.




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