450 Odds
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- 100 Dollar Bet On +450 Odds
- What Does 400 To 1 Odds Mean
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When it comes to odds - or prices – offered by bookmakers there are three distinct ways in which those odds can be displayed. These are referred to as fractional, decimal and moneyline, with the latter often being called American.
In addition to understanding the difference between the three methods which bookmakers use to calculate and display odds, you can always use odds conversion tables or odds calculators to ensure you have the prices clear in your mind before placing your bet.
Dixie Vodka 400 Odds. All NASCAR betting lines, odds and props are available on FanDuel. Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.
Likewise, you can also get a grip on the concept of ‘implied probability’ when assessing odds and shopping for value in the market. We will cover implied probability later in this guide.
Positive Figures (+): The odds state the winnings on a $100 bet. Ex: American odds of +120 would win $120 on a $100 bet. Negative Figures (-): The odds indicate how much must be bet to win $100 profit. Ex: American odds of -120 would win $100 on a $120 bet. Decimals quote the potential return should the bet succeed, relative to. Anytime you see odds with a minus in front of it, take the number and that is what you would need to bet in order to win $100 in profit. So, a -450 number would mean that you would have to bet $450 in order to win $100 in profit back. On the other hand, an odds number with a 'plus' in front of it means that the team or player is an underdog.
Three formats
For the British and Irish they are most familiar with fractional odds, which are displayed as 1/2, 1/1 (evens), 2/1, 100/1 and so on. For Europeans the most common format is decimal, where a price such as 3.00 represents the equivalent of the 2/1 fractional price. In decimal prices the returned stake in a successful bet is ‘built into’ the odds.
Meanwhile, for Americans, in the moneyline format if the figure quoted is positive it expresses the profit you would make from a successful bet with a $100 stake, so 200 means $200 in winnings on top of the returned $100 stake. A 200 moneyline price is therefore the same as the fractional 2/1 odds, or 3.00 in decimals.
Let’s take a more in depth look at each format, with some further examples and comparisons.
Fractional odds
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With origins in horse racing fractional odds are by far the most dominant format to express prices in the UK & Ireland. However British and Irish punters are also beginning to become more familiar with decimal odds over time.
Fractions are easy to understand but the format can be somewhat limited to familiar prices, whilst more precise odds are increasingly required by bookmakers and experienced punters. Fractional odds express the profit the bettor will make against their stake, if their bet is correct. So with a 3/1 price if a punter puts down a £10 stake the potential profit is £30 (£10 x 3) and the total that would be returned is £40 (£30 profit plus the £10 returned stake). The same 3/1 price in decimal format would be 4.00 or 4.000 and in the American / moneyline format it would be 300.
When you see prices such as 9/2, 1/1 or 2/7 it is a bit harder to calculate your potential winnings, but not too tricky. With a £10 stake in a successful bet at a price of 9/2 the returns would be £55, a £45 profit plus the £10 stake back. A 9/2 price in decimals is 5.50 and in moneyline it’s +450.
1/1 is also known as evens and is expressed as 2.00 in decimal format, or -100 in American/moneyline odds. Here you could essentially double your money, so if you put down £10, you get £20 back (£10 profit) on a successful wager.
2/7 is an odds against price, meaning there is quite a high probability of winning according to the bookmaker and you will only make a fraction of the stake back in profit. A successful £10 bet at 2/7 returns £2.86 on top of the stake, so total returns of £12.86. This a 1.286 decimal odds price or -350 in American format.
Decimal odds
As widely used in much of Europe and around the world, prices in decimals tell you what you stand to win if your bet is a successful one, including the stake being returned to you. Sometimes decimal prices are quoted to three decimal places, so if you place a €10 stake at 4.755 your total return on a correct bet is exactly €47.55, meaning you made a €37.55 profit.
Although it takes a while to adjust from thinking in fractional odds to decimals they are becoming increasingly popular as they accurately convey to the punter the exact return they stand to walk away with if their selection comes in.
Decimal odds provide purer calculations and are increasingly common on online platforms as bookmakers cater to ever growing international audiences. Decimal odds are also frequently used on betting exchanges.
Follow the patterns of typical decimals odds such as 4.00 (3/1 or +300), 4.50 (7/2 or +350), 5.00 (4/1 or +400), 5.50 (9/2 or +450) and 6.00 (5/1 or +500) and you soon get a feel for how they translate into fractional or moneyline prices. You can always use a bet calculator or an odds conversion table like the one we include below to cross reference prices if you are unsure.
American / Moneyline odds
As you might guess from the name this format is most popular in North America. Again, if the moneyline figure is positive it tells you what you can win on a successful bet with a $100 stake. Remember though, -100 is evens, so your returns are exactly double what you put down. A $100 bet at a price of -100 returns $200, or $100 profit. You bet $100 and you win $100.
With any negative moneyline figure beyond -100 the price is odds against and you stand to make less profit than the stake amount. With -105 moneyline (decimal 1.952 / fractional 20/21) odds your successful bet with a $100 stake win you $95.20 and so you walk away with $195.20 returns. With a -500 price (1.20 decimal or 1/5 fractional) your successful bet with a $100 stake gives you a $20 profit, so $120 total returns. Also, to note, sometimes you will hear prices or odds in North America referred to as ‘lines’.
Odds conversion table
The table below gives you some common prices in the three formats.
Converting odds manually
Punters usually only find themselves in situations where they are trying to convert odds between formats occasionally, for example whilst on holiday or traveling and betting outside their home countries. It is useful to be able to do, if you don’t have a conversion table or tool to hand.
Converting decimal odds to fractional, take the decimal and subtract 1.00, so 5.00 – 1.00 = 4/1. However, it is not always 100% precise if the decimal is not .00 or .000, but you can still do a rough conversion in order to have a sense of the nearest fractional odds. So 4.50 – 1.00 = 3.5/1 or 7/2.
For converting moneyline to decimal, when the moneyline price is positive divide it by 100 and add 1. So = 300 ÷ 100 + 1 = 4.00. Or for example, 5000 ÷ 100 + 1 = 51.00. When the moneyline price is negative, take 100 and divide it by the moneyline amount (first removing the minus sign), and add 1. So for a -400 price it would be 100 ÷ 400 + 1 = 1.25.
For conversion of fractional odds to decimal take the first figure and divide it by the second figure then add 1.00. So 1/2 becomes 1 ÷ 2 + 1.00 = 1.50. Or 2/1 becomes 2 ÷ 1 + 1.00 = 3.00.
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Implied Probability
The concept of implied probability is worth keeping in mind when you try to assess the value of odds from a bookmaker. The odds are set based on the implied probability of the outcome, such as a horse winning a race, or a football team winning a league.
A 9/1 (10.00 or +900) bet is ‘expected’ to be successful once in every 10 occasions, so the probability would be 10%. A 1/4 (1.25 or -400) bet would be expected to be successful in four of every five attempts, it is heavily ‘odds on’ and the implied probability is 80%.
You can make these types of calculation to assess the % chance you think your selection has of achieving the result you are betting on and see if you feel the odds are giving you enough value to make the bet.
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- The Kansas City Chiefs are favorites to win the AFC West with -350 odds.
- The Los Angeles Chargers have +450 odds to win the division, putting them in second place.
- The Las Vegas Raiders and the Denver Broncos bring up the rear, with +1200 and +1400 odds respectively.
KANSAS CITY – The Kansas City Chiefs are fresh off of back-to-back Super Bowl appearances, and each of them coincided with a dominant regular season.
The Chiefs are the favorites to win the AFC West in 2021’s NFL season, and the reasons for this are obvious – they’re the same team as they have been, and there’s not a good reason to bet against them.
AFC West 2021 Odds
- Kansas City Chiefs -350
- Los Angeles Chargers +450
- Las Vegas Raiders +1200
- Denver Broncos +1400
Kansas City Chiefs, -350 Odds
The Chiefs seem like a potentially safe bet at -350, and they’ve run away with this division in recent years.
The only thing that could conceivably stop them would be an injury to Patrick Mahomes, but one wonders if they wouldn’t be able to survive several games without him playing.
Their -350 odds at most sportsbooks are a bit punishing, but not that bad considering that they’re pretty likely to win it.
-350 odds imply a 77% chance of the event occurring, and if a given NFL betting fan believes that the Chiefs have a higher than a 77% chance to win the AFC West, those odds represent a good bet.
Los Angeles Chargers, +450 Odds
The Chargers are perhaps the most realistic challengers to the Chiefs, as they have a young, up-and-coming QB in the form of Justin Herbert.
Herbert was elite in his rookie season, and going into year two, will be looking to continue his strong performance.
He has playmakers on offense in the form of Keenan Allen and Austin Ekeler, and the Chargers might be a sneakily good team going into 2021.
The problem for the Chargers is simply that the Chiefs are likely a better team straight up, and until that changes, they’re likely relegated to the status of an also-ran.
Las Vegas Raiders, +1200 Odds
The Las Vegas Raiders were the only team to beat the Chiefs in the regular season when Patrick Mahomes played.
They also played the Chiefs competitively in their other matchup, which the Chiefs ended up winning. However, the Raiders’ excellent performances against the Chiefs seemed to be outliers, as the team finished 8-8.
Notably, the Raiders lost six of their eight home games in the 2020 season – one wonders if that might change with fans in the stands in 2022.
Denver Broncos, +1400 Odds
100 Dollar Bet On +450 Odds
The Denver Broncos are a mess, and a lot of that is due to the QB situation. Drew Lock is a vaguely capable player in theory, but his inconsistency leaves a lot to be desired on a game-to-game basis.
Take it from Broncos coach Vic Fangio:
Vic Fangio on how confident he is in Drew Lock:
'I feel confident he will improve.'
— v̸̳̽͗̄͗͋̈̈́ş̸͚̟̆̊͑͌̌.̷͉̙͉̞̈̔̅͛ (@denVSeverybody) March 4, 2021
What Does 400 To 1 Odds Mean
Newly hired Broncos GM George Paton hinted that Lock might not even be the starting QB for the Broncos in 2021.
“We’re always going to try to bring in competition at every position, and quarterback as well,” said Paton. “But I like the track that Drew’s on.”
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The Broncos won five games in the 2020 season, and while one of their losses was with Kendall Hinton playing QB, there’s still not much of a path forward for this team to challenge for the division.
Maxwell joined the BettingSuperBowl team in 2019 and is thrilled to be working for a website that so mirrors his interests. Maxwell is an avid follower of sports, a consumer of sports gambling news, and seeks to constantly better himself and his readers.