A decimal odd makes it easier to know your returns on a parlay. It includes the amount of profit earned and your stake. It states the potential profits you should expect on your bet amount if your bet is successful. If one of the teams has a negative odd and the opposition team has a positive odd, the negative one is the favorite while the positive one is the underdog.ĭecimal Odds: Decimal odds are mostly used outside of the United Kingdom, United States, and Ireland. You would get your stake returned if your bet wins so that your return is $220. For example, an American odds of -120 means that you must wager $120 to earn a $100 profit. Negative odds(-): It indicates the amount you would need to wager to get a $100 profit. You would also get your stake returned for a successful bet, so your return would be $220. For example, an American odds of +120 would win $120 on a successful $100 bet. Positive odds (+): It states the amounts of profit you would earn from a $100 bet if your wager is successful. The American odds usually start with a plus(+) or a minus(-). The American odds are also identified as Moneyline odds. The sportsbooks in Asia may also quote Hong Kong, Indonesian, and Marlay odds. A betting odds calculator can calculate these formats. The three most important betting odds formats are American, decimal, and fractional odds.

Moneyline parlay payout calculator