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What Are Odds?

Odds represent the probability of an event occurring and determine how much you win relative to your stake. There are three main formats used worldwide.

Odds are a bookmaker's estimate of probability, adjusted for their profit margin (the 'vig' or 'juice').

Format	Example	Meaning
American	+150	Bet $100 to win $150 profit
Decimal	2.50	Bet $1 to get $2.50 back total
Fractional	3/2	Win $3 for every $2 staked