Below is the formula for calculating the profit for the fractional odds of 5/1. Used primarily in the UK and Ireland, fractions represent the profit you would receive for a successful bet. Return is the profit you made plus your original wager amount.You might be asking yourself what’s the difference between return and profit? Below is the formula for calculating the return and profit for decimal odds of 1.91. How To Read Decimal NFL Oddsĭecimal Odds are the most common format used by European sportsbooks, as the name implies they are in fact decimal numbers and are always positive. The odds represent how much you’ll win if you bet $100, in this example we win $115. The positive odds are even easier to calculate. To calculate the payout for odds of +115 simply apply the following formula. In this case we need to risk $135 to win $100. Remember that for negative numbers the value of the odds represents how much you need to wager to win $100. To calculate the payout for odds of -135 simply apply the following formula. Positive (+) odds show the amount of profit for a $100 wager.Negative (-) odds show the amount needed to wager to win $100.

The odds indicate how much you need to wager or what your profit will be and which team is favored to win. In this section we’re going to talk about different ways the juice can be formatted.Īmerican odds are the most common format used by US sportsbooks, they start with either a plus (+) or a minus (-) and are always a whole number. These are known as the spread for Point Spreads or total for Over/Unders and the juice. How to Read NFL OddsĮach odd shown in the table can have either 1 or 2 numbers.

If you still feel like you’re not ready to make the right picks, our NFL computer picks page can ensure you maximize your potential profits. When you’re done you’ll be ready to place your first NFL bet at an online sportsbook. We’ll teach you how to read NFL betting odds, how to choose the right type of bet and explain betting terminology. For a new sports bettor it may even seem like a daunting task. Reading an odds table for the first time can be challenging.

Betting line nfl games today