How do odds work in betting?

 

Betsofa offers three types of bets:

  • British Sports Betting Odds
  • European Sports Betting Odds
  • American Sports Betting Odds
     


Changing odds is possible in settings, click here to do so.


What are European Sports Betting Odds?

With European odds (decimal odds - 3.75), you can calculate your total payout by multiplying your stake by the odds. The net winnings can be calculated by deducting your stake from the total payout.

Example: 3.75*5-5= 13,75 $

 

What are British Sports Betting Odds?

The English quote 20/4 is similar to the European odds 6.0. In order to convert the English odds into a traditional decimal format, we divide the fraction by the indicator and then add one to the result.

Example: 20/4= (5)+1=6 $

 

What are American Sports Betting Odds?

 

Here is an example of how to calculate the coefficient with American sports betting odds. Consider a team with a -105 (favorite) odds.

Based on this number, you have to bet $105 in order to win $100. This factor is equivalent to 1.95 in the European system. Let's take a look at an example with a plus sign (the underdog). Say we want to bet on +110 odds, which means that you have to bet $100 to make a $10 profit.

 


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