Before you place a bet, you need to understand the terminology and be able to read soccer betting odds.
Most people think that picking the winner of a soccer match is the most important thing when making soccer bets.
However, professional sports bettors understand that the most important thing about soccer betting is knowing which odds are correct.
Read on to learn how to read soccer betting odds.
What Are Betting Odds
Betting odds tell you how much you can win from making a bet. The betting lines are constantly balanced by sportsbooks to ensure they get enough action on both sides.
Soccer betting odds are displayed in three formats:
- American Betting Odds
- Fractional Betting Odds
- Decimal Betting Odds
Most sportsbooks allow you to change them based on your personal preference but they’ll default based on your lofcation.
American Soccer Betting Odds
Here is an example of how American odds are displayed for soccer matches:
American odds favorites are displayed by a ‘-‘ sign and shows how much you need to bet to win $100. In the example above, Real Madrid is the
On the other hand, American odds underdogs are displayed by a ‘+’ sign and shows how much you can win from a $100 bet. Using the same example, Sevilla is the underdog so, from a $100 bet, you would make a $333 profit.
For completion, a Draw uses the same logic as betting on the underdog. In this case, a $100 bet on a Draw would make a $320 profit.
For those of you with units other than $100, use the following formulas to calculate your profits.
For the favorite:
Profit = (100/Odds) * Bet Size
For the underdog or Draw:
Profit = (Odds/100) * Bet Size
Notice that betting on either the
This is called the ‘juice’ or the ‘vig’, which is how much sportsbooks charge for taking a bet.
Fractional Soccer Betting Odds
Here is the same soccer match as above but displayed as fractional odds:
Look at the numbers on either side of the fraction to work out which team is the
If the top number (numerator) is smaller than the bottom number (denominator), that team is the
Use the following formula to calculate how much you would profit using fractional odds:
Profit = (Numerator / Denominator) * Bet Size
For example, a $100 bet on Real Madrid would profit $72.72, a $100 bet on Sevilla would profit $333.33 and a $100 bet on a draw would profit $320.
Decimal Soccer Betting Odds
Soccer betting decimal odds are different to American and fractional odds; they produce the total money returned rather than just the profit.
Here is that same soccer game but shown in decimal betting odds:
If the decimal is less than 2.0, that team is the
For completion, odds will be usually greater than 2.0 when betting on a Draw.
To calculate the total money returned, multiply your bet by the decimal odds:
Total Money Returned = Decimal Odds * Bet Size
So, if you bet $100 on Real Madrid, your total payout would be $172. If you bet $100 on Sevilla, your total payout would be $433.
The profit can then be calculated by subtracting the original bet from the total money returned.
So a $100 bet on Real Madrid would make $72 profit and a $100 bet on Sevilla would make $333 profit.
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