Odds Mean

Find out what the term ‘odds on’ means in sports betting.

• Odds Meaning In Hindi
• Odds Meaning In Telugu
• What Does +800 Odds Mean

Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

• At odds definition is - not agreeing with each other: in a state of disagreement —often + with. How to use at odds in a sentence.
• Use the odds calculator to convert odds to a probability of winning or losing.
• What does odds mean? Odds are points giving an advantage to the weaker opponent in a contest, or the likelihood that.
• The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign. The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you.

Sports Betting Odds Explained

Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.

American Style Sports Betting Odds

Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:

American Odds

• Matchup Odds
• New England Patriots +120
• Pittsburgh Steelers -140

The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.

Examples:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.

In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

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Decimal Style Sports Betting Odds

Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:

If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.

If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.

Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

Best Odds Comparison

If you are interested in online betting and placing bets, that also means that you are probably interested in getting the best odds for your bets. And why not too, because if you correctly predict the outcome of an event, then you want to be rewarded fairly for it.

First thing's first, there is a huge discrepancy in what bookmakers offer as far as odds are concerned for the same event occurring. Just one look at the sites of two different bookmakers right now will tell you that the reward on the same outcome is not the same. Sometimes the odds are not even close, and indeed some bookmakers will have a reputation of giving more generous odds than others, for example. Such is the nature of online betting.

When it comes to sports betting, then, it's really important to shop around for your odds. However, this creates a major problem: there are many different bookmakers out there, so how can you possibly explore each one to discover if you have found the best odds on any particular event?

This issue alone means that most of us just set up one or two bookmaker betting accounts, and therefore only commence online betting with one or two companies at best. That means that for the majority of the time, you are not securing the best odds for your bets, which can make a big impact on your winnings, especially over time. What you need to do is make sure that you are placing bets at the best odds each and every time. That's where our odds comparison site comes in.

Not only is our site built from scratch for the very purpose of comparing all available odds on any given market, we regularly update odds to ensure you constantly see the best odds available on your chosen event. What is more, you can then automatically load your bet to be placed with the bookmaker with the best odds.

Please note we do not place bets on your behalf, and you must personally create an account with the bookmaker you wish to place the bet with.

Bet Compare

So how does CYO work? Our platform operates like a price comparison site, such as you might use for buying car insurance, for example. Our API covers numerous bookmakers, including all of the most popular (such as William Hill, Ladbrokes, Bet365 and Paddy Power), and our system has the capacity to constantly scan these bookmakers' sites for the best betting odds on any given event. These betting odds are regularly updated to ensure that the numbers you see quoted reflect the most up-to-date information.

And, of course, there are a whole host of factors which can affect the odds of an event, such as injuries to key players, form, recovery time from a previous match, and even the team selected by the coach. On paper you would always fancy Manchester City to overcome Bournemouth, for example, but if the coach of Manchester City decides to rest his entire first XI as the club has a huge Champions League match following up quickly behind, then of course the odds need to reflect this.

It is for reasons such as those, and many more, why bookmakers manipulate their odds accordingly, and CYO is constantly scanning for such changes in the odds in order to always bring you the best odds. That means that the odds displayed on our site are consistently the best odds that are available online, and exactly why and odds comparison tool such as ours is so crucial to your betting practices.

If you check an upcoming event on comapreyourodds.com, the odds presented for that event will be the best odds as unearthed by our software. By clicking on the event itself you will discover the odds offered by the most competitive three or four bookmakers, which may help to sway your decision as to who you will place your bet with, and at what odds. Of course, in an ideal world you will always want to place your odds at the most competitive price, but the reality of membership with bookmakers and so on may mean that you choose to make an alternative selection. We provide you with this information so you can make an informed decision on how to proceed.

Online Sports Betting

We consider ourselves to be the very best odds comparison site for a number of reasons. The first is the ability of our software to effectively scan the odds of a multitude of the most prominent bookmakers in order to secure the best and most up-to-date odds on any given event. The second is because of the nature of our bet finder system which enables the punter to search for events in any number of competitions across the world.

Indeed, the number of events covered by CYO's bet finder tool is incredible, with offerings from junior leagues and women's competitions as well as the major competitions in Europe and South America, to name but a few of the possibilities. As well as the biggest domestic leagues, you will be able to compare betting odds on leagues and cup competitions across the world – even leagues and competitions that are not covered by the majority of bookmakers. If it is possible to place a bet on the event, then you will most probably be able to find it on compareyourodds.com.

But that's not all that makes our service the best. Far from just receiving an up-to-date comparison of the best odds on any given event, you also get access to a host of other statistics and information which can help inform your betting in the best way possible. It's about an all-round sports betting experience.

The additions we offer include statistics pertaining to the teams' last ten games across all competitions (and relating directly to favoured bet types, such as +2.5 goals, and both teams to score, for example), head-to-head records, team news and precited team line-ups – all information which can help you see the odds for what they really are, compare the odds, and then make an informed choice in your selection.

Accumulator Odds

Sports betting accumulators, or accas as they are commonly known and referred to, are an immensely popular aspect of online sports betting, and this is yet another aspect of odds comparison which really bears fruit for punters.

An accumulator is simply an accumulation of bets which add up to a greater bet. So, instead of betting on one event, you may choose to combine that outcome with a second outcome. Or a third. In fact, there is often no limit to how many bets you can group together this way. Of course, the possibility of all of the outcomes ringing true becomes less and less the more bets you add, but this is exactly how an accumulator works.

As an example, you may be confident that Manchester City, Liverpool, Tottenham and Chelsea will win their respective games on a weekend. All are playing at home against teams from the bottom half of the table. Unsurprisingly, the odds on these outcomes occurring are low. The first thing you want to do, as always, is use compareyourodds.com to make sure you are securing the best odds for each event. However, if you group these outcomes together, the odds will rise positively from your perspective.

And if you think about it, even odds which are slightly different, when added together, will become much greater. For example, four events at 1.20 will become 2.07, but four events at 1.21 will become 2.14. When you start to extrapolate on those numbers, you can see where major gains can be made. That is why shopping around for the best odds is so important, and why using an odds comparison tool like the one offered by compareyourodds.com can be so valuable. Small margins become so much more when you add them together in the case of an acca, or accumulator. The best odds are vital, and compareyourodds.com helps you find them.

FAQs

Why should I use Compare Your Odds?

Using Compare Your Odds is vital for any bettor, no matter what level of success or experience. As stated above, the difference in payouts from different bookmakers for the exact same bets or accumulators can be huge. If one bookmaker is offering a 5-fold acca at 300/1 and another at 400/1, you are missing out on 100x your stake in extra winnings (if the bet wins). Our odds comparison system is built from the ground up and one of the best betting tools available. If you are a regular bettor, there is a high chance you're missing out value on nearly every bet you do. Without checking beforehand it is very unlikely you'll be getting the best odds available. Our system does nearly all of the work for you, just add your selections and watch the bet slip go to work. By using the 'Bet Now' button in the bet slip, you can automatically load all the selections you've chosen here straight into your bookmakers bet basket.

How often are the betting odds updated?

The odds are updated every few minutes and the last update is timestamped in the footer.

Will CYO bring in more betting markets and sports?

Yes, we currently provide odds for thousands of football matches each with dozens of markets. We are continually looking at ways to improve, including increasing our sports coverage. We currently only provide support for comparing Football odds but we're planning to provide Baseball, Basketball, Tennis, Horse Racing, Golf and Cricket Odds.

Do Compare Your Odds take bets?

No, we purely provide Odds Comparison for bookmakers available on the website. In the bet slip we do however offer the chance to automatically load the selections in the bookmakers bet slip for convenience, you can do this by clicking the 'bet now' button. This links externally from our platform and you will be required to login or make an account with the given bookmaker. Our Odds Comparison Site is based in the UK and aims towards the UK market, we will however be branching out into other sports and markets as we expand. All UK fixed odds gambling licensing and regulation can be found at the Gambling Commission.

Which online bookmaker gives the best odds?

The fact is that there is no simple answer to this question, and if there was, there would be no need for an odds comparison tool such as the one CYO offers. If there was one bookmaker that consistently offered the best odds, then no other bookmakers would remain in business, so the fact is that odds will always vary from bookmaker to bookmaker, and very rarely can you say that there is one provider that will offer consistently the best odds. That said, there are sometimes cases of certain bookmakers becoming more competitive on certain types of bets (for example, favourable accumulator odds may be secured on particular bookmaker sites, which is always good to secure), but there are just too many bookmakers to scan in order to find that out every time. The other consideration is the deals that are a featured aspect of al bookmakers, and so creating accounts with a large number of providers is not only recommended, but will facilitate your betting when using the bet finding and odds comparison tool on CYO. In short, no bookmaker will consistently offer the best odds, and that is why CYO is such a useful service: one destination where you can enter the bet of your choice and then be immediately directed to the best odds.

How do you interpret odds ratio?

Odds Meaning In Hindi

In the UK, odds are usually provided as fractions, but this is not the way that odds are usually displayed in Europe and beyond. Here the convention is to use decimal odds, which to the uninitiated usually give a better indication of the return on a bet. Here is an example:

In this particular example, the probability of the event occurring is obviously high (80% in fact). This would be a typical situation if a big team such as Manchester City was playing at home against a team from the middle of the Premier League, say Bournemouth.

In terms of fractional odds, the equation is best made by considering that if you placed a bet of £5, your reward would be £1 (plus the initial £5 of the stake): hence 1/5. In decimal odds you will see clearly that if you bet £1 then you will win £1.20.

Odds Meaning In Telugu

The odds do not reflect any difference in the return itself, they are simply differing systems to tell you the same thing. At compareyourodds.com we currently list all odds in decimal format, but we will soon be offering the choice of fractional odds too, depending on the system that you prefer to use in your online sports betting approach. Either way, the best odds are the best odds, so comparing the offerings is vital.

What Does +800 Odds Mean

What are the best bookies?

The simple answer here is that it depends what you are looking for. Some bookmakers will provide you with incredible sign-up offers and special offers, while others will consistently give you more competitive odds. In our experience, the best bookmakers are those which provide the widest betting markets and provide regular and proven payouts. That is why the bookmakers we list on our service are those who are the most respected and highly regulated. And remember that although sports betting should be fun, it should also be performed responsibly, so we also ensure that we only use the bookmakers which have committed to responsible gambling approaches.