Online Gambling
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Types of Sports Betting Odds

Betting odds don't really come in different types exactly, it has more to do with the format the odds come in. In America, betting odds are called "moneyline" while in the UK they use "fractional" odds. In Canada and in most of the European Union they use decimal odds.

Moneyline

Moneyline odds are probably the most difficult to grasp, they appear as a positive or negative number. When the odds are negative (-), then that's the amount of money that must be bet in order to win $100. When the number is positive (+) then that's the amount of money you will win if you bet $100.

Decimal

Probably the easiest out of all the odds to understand - decimal odds are positive numbers with two decimal points. The odds are what the bettor will win when they bet 1 unit, so at 1.50 odds a bettor would win $15 if they bet $10. With decimal odds your original bet is not returned 'on top' of the multiplier.

Fractional

Fractional odds show the bettor how much they can win with a specific wager. So an event with the odds of 4/1 would mean that a $100 bet would win $400 profit plus the original bet which is returned to the bettor for a total of $500. Odds of 1/4 would mean that a $100 bet would win $25 plus the original $100 bet for a total of $125.

Odds Conversion

While presented differently, all of these odds can be converted between one another; and most sports books will have the option to display the different types of odds based on your preference.

If you don't feel like doing the math yourself (or you'd like to play around with the numbers); try our odds conversion tool below. Simply enter the odds in either of the three odds types, then press the corresponding 'Convert' button to change the other fields.


American Odds Example Decimal Odds Example Fractional Odds Example
American Odds Example Decimal Odds Example Fractional Odds Example

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