Decimalĭecimal odds now rival fractional odds as the most popular format and are the default format in Canada, most of Europe, and Australia because of their simplicity. A $10 bet on -160 odds would win you $6.25 profit.
With American odds, positive odds tell you how much you’ll win from placing a $100 wager, while negative odds show you how much you need to wager to win $100.Īmerican odds reflect your net profit, so a $10 bet on +130 odds would net you $23 – $13 profit. AmericanĪs the name suggests, these odds are used at US sportsbooks.
Let’s take a closer look at the differences between each odds type.
