What Does Negative Betting Odds Mean
Betting Odds are simply a measure of probability. They represent the most likely outcome of a particular event.
Whereas Betting Site 2 is giving us negative odds of 193/2, meaning that we don’t want to opt for Betting Site 2. Finding the best odds When you’ve found a match you want to bet on it’s always worth comparing odds from different betting sites to find the best available odds. This simply means that the negative number is how much you need to place as a wager to earn $100. So here you would have to bet $150 to win $100 (which the equivalent of 1.67 decimal odds). Of course, you don’t have to bet the full $100. The positive number in US odds is how much profit you would pick up if you staked $100. So for that $100.
Probability
Probability is the likelihood of an event happening.
Low Probability means that the event is unlikely to happen, and the betting odds will be higher.
High probability means that the event is likely to happen, and the betting odds will be lower.
Below is how bookmakers display their odds:
Fractional betting odds are the traditional way of showing odds in the UK. They show the total to be paid out for a successful bet in relation to the stake.
Betting £1 at Odds of 5/1 would return £6. You win £5 plus your stake of £1.
Be careful you are looking at the fraction correctly because:-
Betting £1 at Odds of 1/5 would return £1.20. You win 20p plus your stake of £1.
Decimal betting odds are more common in Europe. They show an outcome equivalent to the decimal value of the fractional odds plus one.
5/1 would be Decimal 6.
Betting £1 on Decimal 6 would return £6.
1/5 would be Decimal 1.2.
Betting £1 on Decimal 6 would return £1.20.
American betting Odds are also known as Moneyline or US Odds. The figure quoted will be either positive or negative.
If they are shown with a + sign it means how much you would win on a £100 stake.
If they are shown with a – sign it means how much you would have to stake to win £100.
5/1 (Decimal 6) would be +500.
Betting £1 on US +500 would return £6.
1/5 (Decimal 1.2) would be -500
Betting £1 on Us -500 would return £1.20
what does 2 / 1 odds mean in betting
2 to 1 odds or 2/1 is a way of displaying the decimal odds 3.
In probablitiy terms, there is 1 in 3 chance of the selection winning.
If you place a bet of £10 on odds of 2/1 and your selection wins, you will win £20 plus your stake of £10 will be returned. So the outcome would be £30.
what does 1 / 2 odds mean in betting
1 to 2 odds or 1/2 is a way of displaying the decimal odds 1.5.
In probablitiy terms, there is 2 in 3 chance of the selection winning.
If you place a bet of £10 on odds of 1/2 and your selection wins, you will win £5 plus your stake of £10 will be returned. So the outcome would be £15.
what does 5 / 2 odds mean in betting
5 to 2 odds or 5/2 is a way of displaying the decimal odds 3.5.
In probablitiy terms, there is 28.57% chance of the selection winning.
If you place a bet of £10 on odds of 5/2 and your selection wins, you will win £25 plus your stake of £10 will be returned. So the outcome would be £35.
what does 2 / 5 odds mean in betting
What Does Negative Betting Odds Means
2 to 5 odds or 2/5 is a way of displaying the decimal odds 1.5.
What Do Negative Betting Odds Mean
In probablitiy terms, there is 71.42 chance of the selection winning.
If you place a bet of £10 on odds of 2/5 and your selection wins, you will win £4 plus your stake of £10 will be returned. So the outcome would be £14.
Best way to display odds
We find that changing the odds format to decimal really helps new bettors understanding odds. Fractions can get confusing especially during a time sensitive time like before a race.
Convert Fractions to Decimal
We have put together a great odds conversion table to help you change fractions to decimals.
What Does Negative Betting Odds Mean Spiritually
Why Bet Negative Odds
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