Betting site apk dominican republic parimatch

The fractional odds are represented by either a slash or a hyphen, such as 4/1 or 4-1. The decimal odds display a number, such as 4.98, that you can use to determine how much money you will win overall. Returning to our how to convert betting odds example, let’s look at the option in the far left of the betting menu. In each box, you see two + and - numbers. The top number is what is called “the spread.” The bottom number may look familiar, as it’s the same rate the sportsbook offered for the over/under bet. For American odds, the equation is different for favorites and underdogs. For favorites, it’s odds/(odds + 100) x 100. So if a team is -200 it would be 200/(200 + 100) x 100. That equals 66.66, meaning the implied win probability of a -200 favorite is 66.7%. That means a -200 favorite has to win 66.7% of the time or better for it to be profitable long-term. For an underdog, the equation is 100/(odds +100) x 100. So a +150 underdog would be calculated as 100/(150 + 100) x 100. That equals 40, meaning a +150 underdog has an implied win probability of 40 percent.