## Explanation of American odds

American odds, also called moneyline odds, is an odds format most popular in the United States. They are best expressed as wagers of $100. It may be preceded by a negative (-) or positive (+) sign.

A negative sign means the odds have a high likelihood of winning. It is the money needed to be staked to win $100. A -170 odd means that $170 must be earned to win $100. The total payout, if won, will be $270: $ 170 stake plus your $100 profit.

A positive sign is quite the opposite. It is an indication of a low implied probability. An odd with a positive sign shows the amount of money that will be won if $100 is wagered. For example, a +170 odds means that $170 will be won if you place a wager of $100 on the bet. Use our moneyline calculator to learn more.

## Explanation of decimal odds

Decimal odds are the most common odd format used globally. It is also called European odds and is used virtually everywhere except the US, UK, Ireland, and some parts of Asia. One of the reasons why decimal odds is popular is because of the ease of understanding them. It is easy to calculate. Decimal odds are always greater than 1.

Decimal odds indicate your total payout on a bet after it is placed. All you have to do is multiply the odds by the amount of money you staked on the bet. For instance, if one places e a $20 wager on an event with decimal odds of 1.4, one's total potential payout will be 1.4 × $20, which is $28. Using our sports bet calculator will make things even easier!

## Explanation of fractional odds

Fractional odds are most commonly used in the United Kingdom and Ireland, especially at racecourses. As the name implies, they are expressed in fractions.

To calculate your profit, you multiply your stake by the numerator(number on the top) of the fraction, then divide by the denominator (number at the bottom). For example, if you place a $50 wager on an event with fractional odds of 7/2, your potential profit will be $50 × 7, which is $350, then divided by 2 to give $175. $175 will be your profit on the wager. The total payout will be $225 ($175 + $50). Our sports betting calculator can also be used to save you stress.

A greater numerator than a denominator often indicates a higher likelihood, while a greater numerator than a denominator shows a lower likelihood.