To use the NHL as an example, you could get the following odds on two teams for a regular season encounter: The moneyline is a great starting point for novice bettors as they must predict who will win a match. With USA betting odds, the moneyline is the best way to describe how these odds work. Bookmakers can convert odds, but our table will help bettors understand how to read odds. Converting to implied probability as a percentage makes it easier for players to understand their bets. Odds come in three forms: fractional, decimal, and American odds. This would have an implied probability of 25%. To calculate the implied probability, you can convert the odds into decimal, which would be 4.0 in this case. The odds may be 3/1 for Tottenham to win. You could bet on Tottenham to beat Manchester United at Old Trafford in a Premier League game. Otherwise known as capping, bookmakers have various strategies to determine the odds, such as reviewing statistics and tactical analysis. A key part of knowing how to read betting odds is assessing the implied probability.
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