Betting Odds Explained - How do betting odds work?

If you win the first bet, you can then use the winnings on the second bet, essentially building your bankroll. 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. Please specify a password so you can log in to bettingexpert. How do betting odds work?

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Sports Betting Odds Explained

Understand the odds format by answering the question: Are the odds you want to convert Decimal, Fractional or American? Convert the odds to their implied probability.

Convert the implied probability to your preferred odds format. For example, "Decimal Odds" of 3. This article discusses this process of odds conversion in detail with the use of step by step real world examples. If you're completely new to betting odds and implied probability, the video below presents a great introduction and overview. They all reflect the same thing, the return you will receive on a given amount of money placed on a bet. To convert your odds to implied probabilities or an implied probability to odds, you can either use our odds conversion calculator or do it by hand with the formulas provided below the calculator.

For example, let's say bookmaker Matchbook is offering odds of 1. This means that for every 1. Fractional odds are generally the most traditional form of expressing betting odds. They are a simple reflection of the return you will receive for a particular amount bet.

Multiplied then by to express as a implied probability percentage of Moneyline odds, also known as 'American odds' are probably the most foreign odds format to those of us outside of North America.

And at first they appear a little confusing. But it is helpful to understand what these odds represent especially when listening to Americans speaking about gambling odds in sports broadcasts or podcasts. So, let's see how we can convert Moneyline odds into their respective implied probabilities.

The first are 'minus' moneylines. This is expressed as for example, But what does this mean exactly? Well, let's say bookmaker is offering odds of for the Los Angeles Lakers to win a game. The other instance are 'plus' moneylines. So how do we convert the the 'minus' and the 'plus' moneyline odds into their implied probabilities? Let's start out with the 'minus' moneyline conversion:. So let's take an example, in which Titanbet offers the following bet: Multiplied then by , we get the implied probability percentage of Converting a 'plus' moneyline is a bit different.

Calculating the implied probabilities on these look like this:. Knowing how to convert one form of odds to another can be helpful, especially if you have come into possession of a large amount of betting data that has odds formatted in an unfamiliar way. To do this, we first need to convert any odds format to their implied probability. Once we have done this, the calculations are fairly straight forward.

Let's take an example. In this example, the fractional odds target will be calculated as:. Converting implied probability into moneyline is a bit more complicated than converting it into decimal or fractional odds. In this example, the moneyline odds target will be calculated as:.

As a quick comparison guide, we've created an odds conversion chart which displays the odds and implied probability across each odds format. While there are many tools on the web that will help you convert odds to their implied probabilities and convert odds to other formats, it is still a good practise to understand the calculations behind these conversions. This will only help you better understand what the odds represent in terms of value as well as exercising your betting brain to think instinctively in terms of implied probabilities when odds are presented to you.

Alternatively, you can simply use our odds calculator and let it do the job for you. The username or password you entered is incorrect. Please check the username, re-type the password, and try again.

Please specify a username so people know what to call you on bettingexpert. Please enter a username with more than two characters. Please write a username with maximum 30 characters. Please specify an email so we know where to reach you. Those are steel cables, they do hurt Gulak tries to overpower Alexander but Alexander fights out. After multiple back and forth pin attempts and 2 counts, Alexander retains his title with a small package roll up. A rib on someone?

Rollins picks up the win with the King Slayer, and takes the Intercontinental Championship. Xaviers gear looks like a Tide Pod. Winners, The New Day. With a big powerslam its over. Braun did not let KO win. Other than that this match has been great. Carmella has come a long way, Becky looked awesome as always, and Charlotte is insanely athletic. Charlotte wins the title after pinning Becky Lynch. Crowd chanting for Becky afterward, she embraces Charlotte, then socks her in the face, the crowd explodes, pop of the night so far.

Becky continues her assault on Charlotte outside the ring. Charlotte goes for a ride into the German Announce Desk. I guess thats an irish congradulations. I wonder how many rest holds Styles will have to take to keep Joe in the match? This match is pretty meh, gets into some power moves, AJ takes Joe out, is bleeding then goes and gets his wife and kid, and leaves the ring.

Samoa Joe follows AJ, and we cut to commercial. Did the match end? I am so confused. Oh well it was boring anyway. Who wants to walk with Elias? I am so excited about his latest hit. Not going to write much, as honestly I rather watch. This match was great. The Miz wins when Maryse gives him some brass knuckles from ringside, to knock Bryan out. The crowd is loving it and so am I. The demon paint is on point today. The Demon goes right after Corbin, Corbin looks screwed. I wonder if Hardy and Balor did their facepaint together tonight.

Rousy is the new Raw Womens Champion. Did you really think Bliss had a chance? And is it just me or did that turn to a shoot halfway in? Or maybe Ronda comes for belt 2? LOL Oh yes I totally called it! Braun Strowman makes his way down to the ring. He asks for the mic. The crowd is going crazy.

He announces he is standing here for the entire match and at the end of the night, one of those two is gonna Get These Hands! Reigns goes after Lesnar and gets off to a great start. Lesnar is a little slow, probably ring rust…lol Lesnar locks a guillotine on Reigns, Reigns counters and both men down. Not a bad start. Lesnar has got the guillotine on again, Reigns is trying to power out.

He manages to get up and give Lesnar a spine buster. Reins does a suicide dive, misses Lesnar, hits Strowman outside the ring, and Lesnar gives Strowman a F5. The Lesnar starts hitting Strowman with the suitcase and a chair, while he stupidly gives Reigns time to recover in the ring. He brings the chair and Reigns spears him, and gets the pin!

Roman Reigns is your new Universal Champion! Braun Strowman is still down on the ground at ringside… Guess no one is going to catch those hands after all. To be honest, I have not been keeping up on whats going on in WWE as much as I should be, but nevertheless here are my predictions for SummerSlam!

Wrestling With Things is providing video content on the sports and entertainment world. Will it fall flat? Check out the video! Feel free to subscribe and comment. Tickets are still available online on StubHub and Ticket Liquidator. The betting odds for Summerslam are out earlier than most PPVs and three champions have odds against successful title defenses. Roman Reigns had been in his three previous challenges to Brock Lesnar and this time is no different with Reigns being favored at Roman ended up losing on each previous occasion so betting against him is tempting considering the trend.

Another champion listed as an underdog is Intercontinental Champion Dolph Ziggler. Dolph is being challenged by Seth Rollins with odds of to regain the title.

In the Cruiserweight Championship match both champion Cedric Alexander and challenger Drew Gulak have odds of and expect these to change somewhat by next week to project a winner. The United States Championship match on the other hand has set a definitive projection in a title retention for Shinsuke Nakamura with healthy odds of , the best odds of any current champion. Extreme Rules betting odds are still very close in most matches. The added Pre-show match now has attributed odds as well and those see Sanity favored at to defeat The New Day.

While both the Intercontinental Championship and Smackdown Tag Team Championship Matches have seen the odds flip, the odds are still close in either case. Dolph Ziggler, formerly with marginal odds as a favorite is now a slight underdog defending the IC title against Seth Rollins in a 30 minute Iron Man Match. AJ Styles has seen his odds rise to after already being the best odds compared to all other performers on the card. This means since the odds were introduced, the bettors have been backing Nia more then Bliss.

These always have the possibility to change again up to bell time when the lines close and this can be followed in real time via the sportsbook. This can be watched live on the WWE Network The betting odds for Hell in a Cell are already active globally as sports books are recognizing pro wrestling as a major draw to their operations.

SummerSlam is just a few hours away! Results will be posted here as they become available! I think the match agents are asleep at the wheel. Tune in next time, for more snarky commentary from me! I am going with the B Team to retain. Drew Gulak Kickoff Match - This match deserves to be higher up the card than the pre-show.

This will be a stellar match, by WWE standards, as if these guys worked for a company that gave them more space, it would probably be a better match. I hope Alexander retains, but I have a feeling this match will end in an upset with Gulak capturing the title.

The New Day- This match is going to be both fun and violent, just how I like my wrestling. I like both these teams a lot, and would love for TND to take the titles back, however, I think The Bludgeon Brothers are a brutal force to be dealt with, and are going to go above and beyond to hold on to those belts. Sadly we all know that being the bosses pet, Corbin is going to cheat. We will see Corbin go over in this match. United States Champion Shinsuke Nakamura vs. Jeff Hardy- I was hella disappointed at Extreme Rules… this better be better than that was.

The Miz- I think this is also going to be a good match.

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Sports Betting Odds Explained For the novice sports bettor, understanding how sports betting odds work can be one of the most confusing sets of numbers you've ever dealt with. For those who have just started betting on sports, to know how the odds work is of key importance for a . 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. Betting Odds Explained What is Chance? Outside of gambling, chance is more commonly referred to in percentage terms. If you toss a coin then there is a 50% chance of it landing on heads and a 50% chance of tails. All possible outcomes in any event will add up to %. If you roll a 6 sided dice, there is a one in six chance of any one number coming up.