Handicapping

People new to sports betting have much to learn, as betting online is no easy concept. For many understanding betting odds can be what determines what makes them the best gambler or the most in debt gambler. Below are three ways to understand sports betting odds so that you too can become the best gambler and have the most enjoyable experience through various sports picks.

Odds are displayed by Sportsbook's and casinos three different ways, called fraction, decimal and American.

A) Fractions - Has been around the longest and are used by both casinos and Sportsbook's, but more commonly in casinos. This is the simplest method of the three types of Sports betting odds, but can also be the trickiest. Essentially an example of fraction sports betting odds is commonly used in horse racing, where the odds on a horse are five to one and you decide to put down 100 dollars. As a result of doing so, the payout would be 500 dollars.

B) Decimal- Of the three types of odds this is easiest form to understand as it has just been created within the last decade. In essence, decimal odds are based on probability of one, and anything greater than one being almost certain. The favorite in either a horse race or a sporting event is the one with the lowest figure. Example, Brazil is a two to one favorite to win the world cup therefore having the lowest figure, but the best chance to win.

C) American- As the name sounds this odds system is based out of the United States. Practically the odds system works by the favorite having a minus placed next to its betting figure and the underdog having a plus next to its figure. Example, Colts -150 versus Brown + 350.