How to understand sports betting odds

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American odds are based around the number 100: odds with a + in front of them indicates how much you could win if you bet $100.

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Requires bettors to risk staking an amount greater than their potential profit.Indicates the favourite, or the safer bet.Uses the formula: Stake = Your Profit / (Odds / 100).Will always pay out more money in profit than is required to stake.

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While many bettors can quickly convert odds using mental math, most bettors will use an odds calculator to convert between odds format. While this article goes into depth on how to read American betting odds, and how to calculate your stake or profit, there is no need to memorize formulas.

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