How Do You Read Sports Betting Odds?
For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. Well, the Warriors are a favorite , so you’d have to bet $140 in order to win $100. The Cavaliers, on the other hand, are the underdog (always shown with a +), meaning if you bet $100, you’re set to win $295.
Odds Conversion Table With Probability
Teams more likely to make the playoffs offer lower odds and a smaller payout. Continue Reading