American Bitcoin Sportsbetting Guide. Why You Should Not Quote Bovada Lines and Odds. Biggest Sportsbetting Mistake Ever. What does square mean in sportsbetting? 3,345 Followers Follow. 0 Followers Follow. 16,200 Subscribers Subscribe. SportsBetting.ag offers all of the popular North American sports including NFL football, NCAA college football, NHL hockey, NBA basketball, college basketball, MLB baseball, golf, tennis, boxing and MMA. There’s also plenty of international sports betting options available including Aussie Rules football, soccer, darts, cricket, handball. Best Sports Betting Programs. At newamericansportsbooks.com we bring you all of the latest news about the world of legal online gambling. We provide news and reviews of all legal American Sportsbooks, with our independent team of writers qualified to explain all of the processes required for opening accounts in each state and how to get the most out of your online sports betting experience.

The format for betting odds can vary depending on which part of the world you live in. The two most common options used are Decimal and American odds. But what is the difference, how do you calculate returns for each format and convert from one to the other? Read on to find out.

50% Free Bet Welcome Bonus - To receive your sign up bonus deposit into your Bovada account and instantly receive a 50% Free Bet bonus up to $250. Once your deposit is processed, your bonus will be available for wagering within 30 minutes. SportsBetting.ag live dealer casino brings action from Vegas right to your home with a click of a button. See the action unfold right in front of your eyes. In order to win it, you have to be in it. It all starts when you sign in to your SportsBetting account here on the login page.

Before we delve into examples on how to calculate bet returns that have been presented in different odds formats, it is important to note that, irrespective of which odds format you use, the potential profit is the same, the presentation just differs.

Odds expression indicating return relative to 100 unit base figure. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you win that amount for every hundred dollars you bet.

Calculating profits with Decimal odds

Decimal odds are predominantly used in continental Europe, Australia and Canada. The format is a simple numerical representation of the potential return of a bet, which includes the stake amount.

The potential return on a bet quoted in Decimal odds is extremely easy to calculate by simply multiplying the amount you wish to bet by the Decimal odds offered – just remember that the return includes your stake. Here is an example of Decimal odds in a 1X2 soccer market from Pinnacle:

American Sports Betting Websites

Calculating the potential return for a $100 Bet on Chelsea at 2.270:

Odds x Stake = 2.270 X 100 = 227

As this includes your original $100 stake amount, the potential profit is $127.

Calculating the potential return for a $100 bet on Liverpool at 3.390:

Odds x Stake = 3.390 x 100 = 339

Calculating profits with American odds

American odds are unsurprisingly the default format used in America. They start either with a positive or a negative sign, e.g. -110, or +120. A negative number indicates the amount you must stake to make $100 profit (or the equivalent in your chosen currency) and a positive number indicates how much you might profit if you bet $100 (again, this would be the equivalent in your chosen currency).

Using the example above, if you bet $124 on the Washington Redskins -2.5 handicap with American odds of -124 and they cover the spread, you will make $100 profit (plus your original $124 stake). If you bet $100 on the Dallas Cowboys +2.5 handicap with odds of +112 and they cover the spread, it will return $112 profit (plus the original $100 stake).

As with any odds format, the potential return and profit from a bet is relevant to the stake amount. Using a $100 bet example is the easiest way to calculate profits with American odds, but below is a simple formula to work out potential returns for any stake.

American Sports Betting App

Negative American odds calculation:

American Sports Betting Odds

(100/Odds) x stake

Positive American odds calculation:

Odds x (stake/100)

American Sports Betting

If we use the odds from the above example, you could bet $13.75 on the White Sox at -129 and your potential profit is $10.66:

Using the same example for positive odds, you could bet $15 on the Royals at +119 and your potential profit is $17.85:

Odds x (Stake/100) = 119 x (15/100) = 17.85

Odds conversion table

This table can be used to convert one type of odds format into another. If you have a specific bet or odds you wish to convert, use Pinnacle's Odds Converter.

Whether you use the Decimal or American format, you’ll get the best betting odds with Pinnacle, the ultimate bookmaker with the highest limits and lowest margins.

American Sports Betting

Decimal odds video explainer

Found this article useful? Why not check out our video that details Decimal and American odds.

American odds video explainer

American Sports Betting Odds

If you want to watch more educational betting videos, subscribe to the Pinnacle YouTube channel!