Bet odds意思
"Bet odds" or "betting odds" refer to the probability of an event occurring as determined by a bookmaker or sportsbook. These odds are expressed in a way that allows bettors to calculate the potential winnings or the implied probability of a certain outcome.
There are several types of betting odds, including:
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Fractional Odds: Commonly used in the UK, these are expressed as a fraction, e.g., 6/1. This means that for every $1 bet, the bettor will win $6 in profit if the outcome occurs.
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Decimal Odds: Widely used in Europe and Canada, these are expressed as a decimal number, e.g., 7.0. This means that for every $1 bet, the bettor will win $7 in profit plus the original stake if the outcome occurs.
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Moneyline Odds: Commonly used in the USA, these are expressed as a positive or negative number, e.g., +150 or -170. Positive numbers indicate the potential profit for a $100 bet, while negative numbers indicate the amount you need to bet to win $100.
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American Odds: Also known as Moneyline Odds in the USA, these are expressed as a positive or negative number with a sign indicating the favorite or underdog. The number after the sign is the amount you would need to bet to win $100 (for negative odds) or the amount you would win on a $100 bet (for positive odds).
When betting, the odds are a crucial factor in deciding which bets to place. They indicate the likelihood of an event occurring and the potential payout if the bet is successful. It's important for bettors to understand the odds and how they work to make informed betting decisions.