How Do Betting Odds Work? – UFC Betting Lines, MMA Betting, UFC Odds
This guide will allow you to understand how betting odds work.
There are 3 distinct kinds of gambling odds; Fractional, Decimal and American. American chances are called Moneyline odds.
HOW DO DECIMAL BETTING ODDS WORK?
Decimal odds are the easiest kind of odds to comprehend.
To compute your winnings with decimal odds, just multiply your [tooltip text”bet” gravity=”n”]Your Own”Stake” will be the sum of money you want to bet[/tooltip] from the decimal number. For example…
If you put a $10 bet at odds of 2.00, you’d just multiply 10 from 2.00 to compute your return.
10 x 2.00 = 20.00 = 20 return from the $10 bet
How about placing a bet?
15 x 1.57 = 23.55 = $23.55 return from your $15 bet That was easy wasn’t it?
HOW DO AMERICAN [MONEYLINE] ODDS Do the Job?
American chances are calculated based on how much cash you have to bet so as to win $100. The odds are constantly accompanied by either a plus [+] or minus [-] symbol. The symbols determine whether you want to bet more than $100 (-) or less than $100 (+), to acquire $100.
This may sound confusing at first, but it’s really not that hard!
Lets jump right into an example of how odds work. Remember that American chances are about how much cash you need to wager, in order to win $100.
Imagine the chances looked like this for a specific fight…
Fighter A = -150
Fighter B = +200
When working with American odds, you want to bear in mind that the minus [-] symbol always means you will need to wager more than $100 to win $100. Minus [-] chances are regarded as the”favorite”. Odds together with the plus [+] symbol are regarded as the”underdogs”.
If you take a look at the chances above, it is possible to see that Fighter A is your favorite at -150. This means that in order to win $100, you would have to bet $150.
Fighter B on the other hands is a +200 underdog. This usually means that you would simply need to bet $50 to win $100. Here are a few more examples with more challenging odds…
Fighter A = -600
Fighter B +1000
In this case Fighter A has chances of -600, meaning that you may need to wager $500 to win $100. Fighter B on the other hand has chances of +1000, which means you would just need to bet $10 to win $100.
Working with American chances will require some getting used to and it can be tough to work out the specific amount of money you’re going to win from your stakes at first.
You can practice working with American gambling odds by visiting Greatest Fight Odds and employing an Odds Converter to calculate your returns.
HOW DO FRACTIONAL BETTING ODDS WORK?
Fractional gambling odds are favoured in the United Kingdom and Ireland and they’e that the most popular kind of odds utilised in Horse Racing. Although they may seem confusing at first, they are actually not that hard to workout. Lets jump right into taking a look at a good example of how Fractional chances work…
In case you wanted to bet $50 at odds of 6/4 six to four, This Is the Way you would work it out:
First you need to add the numbers of the portion collectively, in this circumstance it would be 6 + 4 = 10. Then divide this number by the next number, in this case 4. 10 split by 4 = 2.5. Then multiply this amount by your bet. 2.5 x 50 = 125. Your yield for a $50 bet at odds of 6/4 will be $125.
(6+4 = 10) 10 divided by 4 = 2.5
2.5 x 50(stake)= #125
If you get stuck and you’d like some help calculating how gambling odds work, please do not hesitate to get in contact.