The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you're profiting 71.4 cents, plus your $1 back. The Vikings would be 2.2 in decimal odds as a +120 underdog, meaning for every $1 risked, you're profiting $1.20 and getting your $1 back. 1-4 runners: win only. 5-7 runners: 1/4 odds a place for 1,2. 8+ runners: 1/5 odds a place for 1,2,3. 12-15 runners in handicaps only: 1/4 odds a place 1,2,3; 16+ runners in handicaps only: 1/4 odds a place 1,2,3,4. The place terms in other sporting events will be advertised on the event in question, but do generally follow the pattern above. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter. For an explanation of the odds types on this table see decimal, fractional and American odds. The overall odds of winning a prize in that $5 game are about 1 in 3.69. So, the question we often get goes something like this: 'The overall odds said 1:3.69, but I bought 4 tickets and I didn't win, so your odds must be wrong.' But in fact, they're not. Therefore a £5 each way bet will cost you£10. If the horse wins at say 10/1 you will receive £55 for the win bet (10x£5 plus £5 stake) and you will also receive £15 for the place bet if the race is one fifth the odds a place (the place bet is calculated at odds of 10/5) If the horse finishes 2nd or 3rd then you only receive the place money.
American odds are primarily used by sites that cater to US sports bettors, also know as 'moneyline odds' they are the odds most often used for moneyline betting for American sports bettors. American odds are probably the easiest to understand as odds represent how much the bettor will have to wager to win $100.
Introduction
American Odds are simply one way to express odds. A pick em will be listed as 'pk' or 'pick' or 'pick 'em' depending on your site. There are two basic types, favorites and underdogs Lines for football bets.
Favorites come with a – symbol attached. The higher the absolute value of the number, the better the chance the bet will win. So for example a -200 favorite has a better chance to win than a -120 favorite. 200 is greater than 120 so this is what we mean by absolute value, you ignore the – sign and take just the number when considering this.
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Underdogs come with a + symbol attached. The higher the number, the larger the underdog. So a +200 underdog has a better chance to win than a +500 underdog.
Have a look at the betting markets at some of our highest-rated bookmakers to see how they price up games in American odds:
What Does 1-5 Odds Mean
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What Do The Odds Mean?
1 5 Odds Meaning Dictionary
American Odds always use a baseline value of $100. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount.
A -135 favorite means you must risk $135 to win $100 from the sports book. So you either lose $135 or win $100, or push.
A +350 underdog means you risk only $100, but you win $350. You either lose $100 or win $350, or push.
American Odds can easily be converted into other odds such as decimal or fraction, using our free online calculator. Most, if not all, sites also offer odds in those formats, by simply choosing your preferred format.
We can also convert American Odds into percentages. This is useful because it gives you a breakeven % that you need to achieve long-term to win when betting certain odds.
The most common odds are -110 so we will use that. The question to ask is 'how often will we need to win, when betting at -110 odds, to break even?' The answer is 'enough so that you turn 110 into 210 often enough to overcome the juice' but it is expressed in percentages. So we take our $110 risked, divided by the ultimate $210 payout if our ticket cashes, and come up with .5238 or 52.38%. This means you must win at least 52.38% of your bets at -110 to break even.
Another example will involve underdogs. Let's say we have a +200 underdog. How often do they have to win for us to break even? We take a $100 risk and divide by the ultimate payout of $300 and get .3333, or 33.33%. So any +200 underdog that wins 34%+ of the time is a profitable bet.
American odds are primarily used by sites that cater to US sports bettors, also know as 'moneyline odds' they are the odds most often used for moneyline betting for American sports bettors. American odds are probably the easiest to understand as odds represent how much the bettor will have to wager to win $100.
Introduction
American Odds are simply one way to express odds. A pick em will be listed as 'pk' or 'pick' or 'pick 'em' depending on your site. There are two basic types, favorites and underdogs Lines for football bets.
Favorites come with a – symbol attached. The higher the absolute value of the number, the better the chance the bet will win. So for example a -200 favorite has a better chance to win than a -120 favorite. 200 is greater than 120 so this is what we mean by absolute value, you ignore the – sign and take just the number when considering this.
Flip and go poker table. Flip & Go is the new BURNING fast way to skip all the boring parts and get right into the HOT action of the tournament. Only at GGPoker!
Underdogs come with a + symbol attached. The higher the number, the larger the underdog. So a +200 underdog has a better chance to win than a +500 underdog.
Have a look at the betting markets at some of our highest-rated bookmakers to see how they price up games in American odds:
What Does 1-5 Odds Mean
Terms & Conditions: T&Cs Apply. Full terms apply.
What Do The Odds Mean?
1 5 Odds Meaning Dictionary
American Odds always use a baseline value of $100. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount.
A -135 favorite means you must risk $135 to win $100 from the sports book. So you either lose $135 or win $100, or push.
A +350 underdog means you risk only $100, but you win $350. You either lose $100 or win $350, or push.
American Odds can easily be converted into other odds such as decimal or fraction, using our free online calculator. Most, if not all, sites also offer odds in those formats, by simply choosing your preferred format.
We can also convert American Odds into percentages. This is useful because it gives you a breakeven % that you need to achieve long-term to win when betting certain odds.
The most common odds are -110 so we will use that. The question to ask is 'how often will we need to win, when betting at -110 odds, to break even?' The answer is 'enough so that you turn 110 into 210 often enough to overcome the juice' but it is expressed in percentages. So we take our $110 risked, divided by the ultimate $210 payout if our ticket cashes, and come up with .5238 or 52.38%. This means you must win at least 52.38% of your bets at -110 to break even.
Another example will involve underdogs. Let's say we have a +200 underdog. How often do they have to win for us to break even? We take a $100 risk and divide by the ultimate payout of $300 and get .3333, or 33.33%. So any +200 underdog that wins 34%+ of the time is a profitable bet.
American odds are attached to point spreads in most American sports such as the NFL and NBA. Here is an example from the NFL:
Atlanta +3 -115
Carolina -3 +110
The American odds will give the bookmaker influence over the point spread without changing the key number of 3. Odds worse than -110 as we discussed can hurt your breakeven percentage and should be taken into account even when betting spreads. On the other hand, underdog plus odds will help your bottom line.
1 5 Odds Meaning Chart
Conclusion
American Odds are convenient and fast once you get accustomed to them. Just like any other format, it is all personal preference. It is also easy to convert American Odds to fractional or decimal odds and can easily be done using our online odds converter.
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What Are 1/5 Odds
