giriraj
American odds on sports betting - explanation and example
There are different ways of displaying odds. One, which, as the name suggests, is common on the American continent, is called "American odds". This representation looks a bit complicated at first glance, but is actually relatively simple. In contrast to the decimal odds representation, which is common in continental Europe and determines the total profit, the American odds show the net profit.The signs are particularly important for the American odds (also: "Money-Line" or "Lines"). A positive sign (+) in front of the odds indicates that the player is an outsider (decimal odds greater than 2.0) and indicates how much can be won with a bet of $100.The amount behind a positive sign (+) therefore corresponds to the net profit that can be achieved with a stake of 100 dollars in case of a correct prediction. Odds with a negative sign (-) are used if the decimal odds are less than 2.0. In this case, the odds indicate how much one must bet to obtain a net profit of 100 dollars.The amount behind a negative sign (-) therefore corresponds to the bet you have to risk in order to achieve a net profit of 100 dollars if the prediction is correct. Example of an American betting odds: An American odds of + 150 means that a bet of 100 Euros with a correct prediction will result in a net profit of 150 Euros. In this example, the successful sports bettor receives a total of 250 Euros from the bookmaker for a bet of 100 Euros with a correct prediction of the betting event as gross profit.US Sports Betting Conversion to the decimal quota system commonly used in continental Europe is very simple. The gross profit is divided by the bet amount. In our example, this means that 250 must be divided by 100. This corresponds to a converted decimal odds of 2.5.Example of a betting odds with negative sign: With an American odds of -150, the betting provider customer has to stake 150 Euros in order to collect a net profit of 100 Euros in case of success. The gross profit (betting stake plus net profit) is 250 Euro. We again divide the total profit (250) by the betting stake (150) and thus obtain a converted European decimal odds of 1.66.Most betting providers offer conversion tools on their homepages or the customer can select with the mouse how the odds are to be displayed: either in the form of decimal odds as is customary in this country or throughout Europe, in the form of British fractional odds, or as American odds in the form of a "money line" with positive and negative signs.
by giriraj on 2020-05-04 11:35:17
No comments yet.