How to Read Soccer Odds?
Knowing how to read odds is truly essential when it comes to soccer because there are three odd formats — American, European, and British. American odds are presented in a moneyline format, European odds are shown as decimals, and British odds as fractions. Keep in mind that the probability doesn’t change — only how the odds are presented in different countries.
If you’re placing a wager on a foreign betting site, you won’t have to convert the odds by yourself. Most betting sites have an odds converter. In case it doesn’t, you can easily find one online.
Understanding moneyline odds, or simply American odds, isn’t that challenging but it’s probably considered most difficult out of the three types mentioned above. The odds show how much you need to wager to win $100 or how much you will win if you wager $100.
We will explain how these odds work through an example:
Team A: -120
Team B: +250
The minus sign means the team is expected to win, while the plus sign foreshadows a loss. If the number is higher, the chances of a win or a loss are also higher. With this in mind, if you bet $120 on Team A to win, you will gain $100 if the team wins. Similarly, if you bet $100 on Team B to win, you will be $250 richer in case they do win.
American odds might be slightly complicated, but they’re nothing that cannot be understood with a bit of research and practice.
Using European odds is quite simple — you will only need a calculator. The odds are expressed in decimals, meaning that you will likely come across something like this:
Team A to win 1,61
Team B to win 4,20
The lower the odds, the higher the chance of the team winning, and vice versa. So, if you bet $100 on Team A to win, and they do, you will make a profit of $61 or a total of $161. The same goes for betting on Team B to win, only your winnings will be significantly higher in this case.
Reading British odds is pretty straightforward as they are expressed in fractions. The first number showcases how much you will win and the second shows your stake.
Hence, it would look similar to this:
Team A vs. Team B: Home 2/15; Draw 8/1; Away 20/1
This is where it gets simple. Betting on a home win will get you $2 for every $15 you bet; for a draw, you’ll get $8 for each dollar you invest, and so on.
If you’re betting on overseas betting sites, you probably won’t come across British odds.