Understanding sports betting odds (Part 1)

Hi guys,

I have realized that something that really tends to confuse sports bettors and players are reading betting odds with these are expressed on Decimal format, instead of the American format. Because of this I thought about dedicating this post about Decimal odds and explain exactly how they work.

Even though in America the betting odds are expresSports Betting Decimal Oddssed on American notation (more on a later post), my favorite sports betting odds representation are Decimal betting odds. Why? Simply because it’s the purest way of expressing probability.

A probability, usually expressed as a percentage, it’s then expressed as a single number. Let’s look at the following example: Continue reading