american odds

Betting odds are just different ways to show the same thing: price, payout, and implied chance. Once you understand the three main formats, you’ll read any market confidently in seconds. This is for beginners who want to understand odds quickly, calculate payouts, convert between formats, and...

How do the different betting odds work? (European, English, American) betting odds formats (European, English, American) The different betting odds European odds English odds American odds Most of the time, the bookmakers will propose you the so-called "traditional" odds which...

Hi all, This is my first post here. Thanks for having me as a member!! :) In short, I'm trying to understand what exactly 'implied probability' is and how to convert that value to a basic 'probability of the team winning regardless of the sportsbook making money' value. Say I take some...