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A Little Low Down On Odds Bets That Can Be Laid

The world of the bookmaker and the serious sports bettor is laced with strange names. You can bet on just about any outcome imaginable and there is a named bet out there. Structures of these bets can get a bit convoluted so they are not list on your betting slip. Every bookie you place a bet with will have comprehensive terms surrounding a bet you make. But here’s a list to help figure it all out.
First let’s explain how the odds work. European and Asian bookies offer decimal betting odds these are easy to understand and are expressed as simple numbers 3.0 or 1.75 etc. all you need do is multiply your stake by the odds figure and this is your return. So a €10 bet on 2.10 odds would see a return of €21. €10 bet with 1.75 odds would return €17.50.
British and Australians are more familiar with fractional odds 5/1, 6/4, 10/11 etc. these prices are written without the stake included for your return so a £10 bet at 5/1 would be £50 winnings plus your £10 = £60.
Now we have the confusing one the American or sometimes known as money line odds. These are written as positive or negative numbers. Negative numbers represent how much is needed to wager to win $100 positive is how much you would win if you wagered $100. This is just the winnings the return amount will be plus your stake. So a -124 would mean you need to bet $124 to win $100 so your total return would be $224. +134 would be $100 stake plus $134 winnings total return $234. Unnecessarily complicated but there you have it. All bookies worth their salt will offer odds in any format you like they will have a converter somewhere in the header of their site.

A-Z Of Bet Types

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B

C

D

E

F

G

H

I

L

M

O

P

Q

R

S

T

U

W

Y

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