What Does 49 1 Mean In Betting

3/31/2022 admin

As with most things in life, the world of wagering has a lot of terms and slang that represent something specific within the sports betting universe.

What Does 160 Mean Betting
What Does Mean In Betting 110
Betting What Does +140 Mean
What Does Mean In Betting
What Does 49 1 Mean In Betting Mean

Moneyline odds of -110 when betting points spreads. If you choose to bet in the decimal format instead, then you’ll often be given odds of 1.90. The true conversion is 1.9091 though, so you’ll potentially lose a small percentage of your winnings if you bet based on their conversion. Therefore, it can be an advantage to use the primary format. What does 'plus' and 'minus' mean as a sports betting term? Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered.

Knowing the lingo will help you understand what people are talking about and make you feel like you can talk the talk before you try to walk the walk.

Chalk – “Chalk” refers to a generally strong favorite (team, individual or horse) in a competition. Someone who bets the chalk is typically betting on the heavy favorite, which usually has a steep price because the favorite could be in the -300 or -500 range (bet $300/$500 to win $100).

Dime – A “dime” or “dime bet” is slang referring to money. A dime, in betting circles, refers to exactly $1,000.

Juice – A term that refers to the amount charged by a bookmaker/bookie/sportsbook for taking a bet from someone. This may also be referred to as vigorish or vig.

Negative Money Line – A negative money line represents the amount of money that a person making a wager would have to bet to win $100. If, for example, the money line was -200, you would need to bet $200 to win $100.

Nickel – A “nickel” or “nickel bet” is slang referring to money. A nickel, in betting circles, refers to exactly $500.

What do the + and - mean in sports betting? There are multiple meanings. The most common meaning, particularly in American football and basketball, is a point spread. If point spreads are being discussed, you might see something like “Buffalo +7 a. (2/1) + 1 = 3.o. And using our second example from above, 8/13, it looks like this: (8/13) + 1 = 1.62. If you want to go from decimal odds to fractional odds is similarly simple. You just minus one from the decimal odds, turn that number into a fraction and reduce it down to.

Over/Under – In sports betting, the over/under or over-under (also referred to as “O/U”) is a number for a score/statistic in a given game set by sportsbooks. Bettors then wager that the actual number in the game will either be higher or lower than the predicted number set by sportsbooks.

Spread Bet – The most popular form of sports betting, bettors need to win by a point spread offered by the sportsbook. The favorite to win the game is listed as being a minus (-) the point spread.

Underdog – The team in a matchup that the sportsbook views as the inferior team.

Vigorish (or vig) – A term that refers to the amount charged by a bookmaker/bookie/sportsbook for taking a bet from someone. This can also be referred to as juice.

The odds converter tool in this page will convert odds from any of the three main formats into the other formats.
It will also calculate the relevant implied probability too.
To use it, simply enter the odds you wish to convert in the appropriate box, and then click the “Convert Odds” button. It’s as easy as that!

DECIMAL

If you came to this page specifically looking for a tool to
convert odds, then it’s likely that you already have a
fundamental understanding of what odds are and how they work in
relation to sports betting. If this is a subject that you’re not
particularly familiar with, however, then you might want to read
the following article from our beginner’s guide to sports
betting.

Overview of Different Odds Formats
Odds Conversion Math

Overview of Different Odds Formats

If you live in the United States, then simply knowing the
moneyline odds will suffice, as this is the primary format used
by the limited number of gambling sites available for US
residents. Likewise, if you live in the United Kingdom, then you
only really need to know how fractional odds work. If you live
in Europe, then the decimal format is the one that will be most
important for you to understand.

With all that being said, it’s still a good idea to be
familiarized with how each format works. Many online betting
sites will allow you to choose the format that their odds are
displayed in. Please keep in mind that the conversation may
round in their favor.. For example, most US friendly sites offer
moneyline odds of -110 when betting points spreads. If you
choose to bet in the decimal format instead, then you’ll often
be given odds of 1.90. The true conversion is 1.9091 though, so
you’ll potentially lose a small percentage of your winnings if
you bet based on their conversion.

Therefore, it can be an advantage to use the primary format
offered by an online bookmaker, which is why it pays to make
sure you understand each of the different formats. We’ve
explained them all below for you.

American Odds/Moneyline Odds

Odds in this format are expressed as either a positive number
or a negative number. When they are a positive number, the
number represents how much in winnings is paid per $100 staked.
The following examples illustrate how positive moneyline odds
work.

When they are a negative number, the number represents the
amount of money that needs to be staked in order to win $100.
The following examples illustrate how negative moneyline odds
work.

Please see our article on calculating payouts from moneyline
odds for details on how to work out the potential winnings from
wagers using this format.

Decimal Odds

This is the most popular odds format outside of the United
States and is sometimes referred to as European odds. It’s a
very simple format where the odds are expressed as a single
positive number, usually to two decimal places. This number
states how much a winning bet returns (including the initial
stake) for each unit wagered. The following examples illustrate
the decimal format in practice.

Our article explaining how to calculate payouts from decimal
odds will teach you how to work out the potential returns from
wagers placed using this format.

Fractional Odds

Fractional odds are mostly used in the UK, but lately the
decimal format has been becoming more popular. Odds in this
format are displayed as a fraction, as the name suggests. The
first number of the fraction shows how much you can win per the
second number staked. This sounds more complicated that it
actually is and the easiest way to understand this format is
simply to look at some examples.

Please note that when the second number of the fraction is
higher than the first, it means the odds are less than even
money. This is referred to as odds on (as opposed to odds
against), and is the equivalent of when moneyline odds are a
negative number or when decimal odds are a number less than 2.

What Does 160 Mean Betting

Odds Conversion Math

Our conversion tool is the easiest way to change odds between
formats but there will be times when you don’t have access to
it. When you’re at a Las Vegas sportsbook or a high street
bookmaker, you may need to be able to do these conversions in
your head. For this reason, we’ll run through the math required
to convert each format into all of the other formats.

Converting Moneyline Odds

To Decimal

The calculations required to convert from moneyline odds
changes depending on whether the odds are positive or negative.
To convert positive odds into decimal odds, the following
calculation is required.

(Moneyline Odds + 100) / 100 = Decimal Odds

Example: Converting +175

(+175 + 100) / 100 = 2.75

For negative odds, we ignore the minus symbol and use the
following formula.

(Moneyline Odds + 100) / Moneyline Odds = Decimal Odds

Example: Converting -110

(110 + 100) / 110 = 1.909

To Fractional

When converting from the moneyline format into the fractional
format, the calculations again depend on whether the odds are
positive or negative. To convert positive odds, you simply
create a fraction by putting the relevant number over 100 and
then simplifying the fraction if possible.

Example: Converting +300

300/100 is simplified to 3/1

To convert negative odds, you create a fraction by putting
100 over the relevant number (ignoring the negative sign).
Again, you then need to simplify the fraction if possible.

Example: Converting -110

100/110 is simplified to 10/11

Converting Decimal Odds

To Moneyline

The method required to convert the decimal format over to the
moneyline format is dependent on whether the odds are greater
than 2.0 or not. We’ll look at how to convert odds of 2.0 or
less first. To start with, you have to carry out the following
calculation.

After doing this calculation, the odds are rounded and a
negative sign must be added.

Example: Converting 1.95

100 / (1.95 – 1) = 105.25

To convert odds of greater than 2.00, you must start with the
following calculation.

To convert odds of greater than 2.00, you must start with the following calculation.

You then add a positive sign to the result, as shown in this
example.

Example: Converting 2.45

(2.45 – 1) x 100 = 145

Positive sign added = +145

To Fractional

The first step in converting from decimal to fractional
format is to create a fraction by using the formula.

This will often create a fraction that includes a decimal,
which isn’t a proper fraction. To overcome this, the next step
is to multiply both sides of the fraction by 100. Finally, the
fraction needs to be simplified. The following example
illustrates this better than any written explanation can.

Example: Converting 1.45

(1.45 – 1) / 1 = 0.45/1

Multiply both sides by 100 = 45/100

Simplified = 9/20

Converting Fractional Odds

Before we get into the math involved here, you need to
understand the terms numerator and denominator. In this context,
the numerator is the first number in the fraction and the
denominator is the second number in the fraction. With odds of
2/1, for example, 2 is the numerator and 1 is the denominator.

To Moneyline

There are two methods needed for converting from the
fractional to the moneyline format. The first is for when the
numerator is greater than the denominator. The following formula
needs to be used in the beginning.

A positive sign then needs to be added to create the
moneyline odds, as per the following example.

Example: Converting 6/4

(6 / 4) x 100 = 150

Positive sign added = +150

The second method is for when the denominator is larger than
the numerator. In these cases, the following formula needs to be
used.

What Does Mean In Betting 110

A positive sign then needs to be added to create the correct
moneyline odds. This is illustrated in the following example.

Example: Converting 2/5

100 / (2 / 5) = 250

Negative sign added = -250

Betting What Does +140 Mean

To Decimal

Converting odds from the fractional format to the decimal
format is relatively simple and it requires just the following
formula.

Example: Converting 11/10

(11 / 10) + 1 = 1.10

Implied Probability Explained

Implied probability in relation to sports betting is
basically the implication of the odds as it relates to the
chances of an outcome happening. We’ll cover this in more detail
shortly, but first let’s look at how to calculate it. It’s
easiest to determine implied probability from odds in the
decimal format, using the following simple formula.

1 / Decimal Odds

What this example shows us is that the implied probability of
2.50 odds is 0.40 (or 40% if expressed as a percentage). This
means that odds of 2.50 on any possible outcome imply that the
chance of that outcome happening is roughly 40%. So if, for
example, a tennis player is at 2.50 to win an upcoming match,
the implication is that he has a 40% chance of actually winning
that match.

Understanding Vig

When looking at the odds set by bookmakers, it’s important to
recognize that implied probability is rarely an entirely
accurate reflection of the real chances of a wager winning. This
is because bookmakers always try to set the odds at levels that
are lower than they actually should be in relation to real
probability. If their view was that a soccer team had a 60%
chance of winning a match, for example, they wouldn’t offer odds
that exactly reflected that chance. Their odds would be lower,
as this is how they make money successfully.

What Does Mean In Betting

By reducing the odds relative to the probability of an
outcome happening, bookmakers effectively charge a commission
for every wager they take. This commission is known as vig,
which is short for vigorish. It can also be referred to as the
overround or juice. It’s similar in some respects to the house
edge in casino games and it’s basically what gives the
bookmakers an advantage over their customers.