We have already explained how to understand the Fractional Odds system used by UK bookmakers, as well as the popular Decimal Odds system. For completeness, we thought we would also explain the ins and outs of Moneyline Odds. This system is popular in the USA, and as such we will use dollars in the examples below (but of course the same principles apply whatever the currency). To understand Moneyline Odds, first look at if the odds are positive or negative. Then, look at the odds. Moneyline Odds are expressed per $100 staked (although of course, you should be able to bet any amount, subject to minimums or maximums).
- POSITIVE Moneyline Odds show how much profit you will get if your bet wins, for every $100 staked (if you win you will get back your original stake too).
- NEGATIVE Moneyline Odds show how much you will have to stake, to get $100 profit if your bet wins (if you win you will get back your original stake too).
Let’s look at two actual examples:
- +500: this means for every $100 bet, $500 profit will be paid if your bet wins (i.e. if your bet wins they will return you original stake of $100, and pay you another $500).
- –500: this means for every $500 bet, $100 profit will be paid if your bet wins (i.e. if your bet wins they will return you original stake of $500, and pay you another $100).
You may have noticed:
- +500 (Moneyline Odds) is the same as 5/1 (Fractional Odds) and 6.0 (Decimal Odds)
- -500 (Moneyline Odds) is the same as 1/5 (Fractional Odds) and 1.2 (Decimal Odds)
Understanding these three popular odds systems, may allow you to participate in conversations with bettors worldwide (e.g. in forums), and even compare odds between different worldwide bookmakers (who may be displaying their odds using a particular system).