A Look at 'American Odds' Published on January 8th, 2020 12:56 pm EST Written By: Dave Manuel If you have ever bet on sports, you have likely come across numbers that look something like this:-400 +450-300-250-1000 +200-100-150 +225 What you are seeing in these numbers is something called 'American odds'. Click the odds to add a bet. Log in and Place Bets. $100 + $50 = $150. $150 x 10 = $1,500. That means you will need to put $1,500 in action before cashing out. The bets are cumulative. So the more you play, the sooner you will meet your rollover and be ready to cash out your winnings! For Sportsbook Bonuses, only wagers placed in the sportsbook qualify towards the rollover requirements.
Calculator Use
Convert stated odds to a decimal value of probability and a percentage value of winning and losing. This calculator will convert 'odds for winning' an event or 'odds against winning' an event into percentage chances of both winning and losing.
Be careful if you are using sports teams odds or betting odds. If you see that the Patriots super bowl odds are 9/2, that is most likely 'odds against' and should be entered in the calculator with 'Odds are: against winning.'
When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as '1 to 500 Odds are for winning'. How do you open a casino. You may also see odds reported simply as chance of winning as 500:1. This most likely means '500 to 1 Odds are against winning' which is exactly the same as '1 to 500 Odds are for winning.'
Probability Formulas:
This calculator will convert 'odds of winning' for an event into a probability percentage chance of success.
Odds, are given as (chances for success) : (chances against success) or vice versa.
If odds are stated as an A to B chance of winning then the probability of winning is given as PW = A / (A + B) while the probability of losing is given as PL = B / (A + B).
For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. The chance of winning is 4 out of 52, while the chance against winning is 48 out of 52 (52-4=48). Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get
For 4 to 48 odds for winning;
Probability of:
Winning = (0.0769) or 7.6923%
Losing = (0.9231) or 92.3077%
'Odds for' winning: 1:12 (reduced from 4:48)
'Odds against' winning: 12:1 (reduced from 48:4)
Further Reading
2022 College Football Playoff Championship Odds
All other schools listed at 250/1 odds or higher
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Updated Sun, Mar. 7, 4:55 PM ET - Odds Provided by BetMGM - Subject to Change
How to Read the College Football Playoff Future Odds
The 2021-22 College Football regular season is expected to kick off in August and over 100 schools will be looking for a chance to earn a trip to the 2022 College Football Playoff.
How does win place show payout. The Win Place Show game has ended. The last race and date to purchase tickets was January 23, 2021. Winning tickets can be claimed within 180 days of draw/race date. Free and replacement tickets claimed after January 23 will be redeemed for $2.00. Payoffs represent your profit PLUS the return of the $2 you originally bet. A winner at 5-2 means that will pay $5 profit for every $2 wagered. The payoff is $7 which is the profit ($5) plus the cost of your wager ($2). Figuring the Cost of Your Online Wager. Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you'll get $2 for every $1 you bet. These wagers are a good place for the novice horseplayer to jump in. Let's look at the different wagering requirements. The Three Different Win Place Show Bets. Win: If you wager $2 to Win on your horse, you collect only if your horse finished first.
The Alabama Crimson Tide are the defending champions and they've been installed as 3/1 favorites (Bet $100 to win $300) to repeat according to BetMGM.
2022 College Football Playoff Contenders
- Alabama +300
- Clemson +350
- Ohio State +500
- Oklahoma +700
- Georgia +800
The 2022 College Football Playoff National Championship is currently scheduled to take place on Monday January 10, 2022 at Lucas Oil Stadium from Indianapolis, Indiana.
The College Football Playoff semifinals will take place a on Friday December 31, 2021 from the below venues:
- Cotton Bowl - Arlington, Texas
- Orange Bowl - Miami Gardens, Florida
2022 College Football Playoff Odds Comparison
| Odds To Win 2022 College Football Playoff (1/10/22) | |||||||||||||||||||||
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How to Bet on College Football Futures
American Football is the most popular game among bettors in the United States and a large portion of that interest comes from College Football. Analyzing the Future Odds and predicting which school will become the champion every season continues to receive attention at the betting counter. Check out our online sportsbook directory to find the best and most secure places to make college football bets, as well as exclusive sportsbook offers.
College Football Futures can be bet on throughout the 12-month calendar year but to any betting market, we always have peaks and valleys for wagers. After each season ends in early January, oddsmakers send out their opening Future Odds for the following season in the second or third week of the first month. The main market is for the NCAA Division 1 Football Bowl Subdivision or more widely known as the FBS. There are over 125 teams that are divided into 10 conferences, plus there is a group of independent schools that stand alone with no affiliation.
Probability Formulas:
This calculator will convert 'odds of winning' for an event into a probability percentage chance of success.
Odds, are given as (chances for success) : (chances against success) or vice versa.
If odds are stated as an A to B chance of winning then the probability of winning is given as PW = A / (A + B) while the probability of losing is given as PL = B / (A + B).
For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. The chance of winning is 4 out of 52, while the chance against winning is 48 out of 52 (52-4=48). Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get
For 4 to 48 odds for winning;
Probability of:
Winning = (0.0769) or 7.6923%
Losing = (0.9231) or 92.3077%
'Odds for' winning: 1:12 (reduced from 4:48)
'Odds against' winning: 12:1 (reduced from 48:4)
Further Reading
2022 College Football Playoff Championship Odds
All other schools listed at 250/1 odds or higher
| Odds to win 2022 College Football Playoff Championship (1/10/22) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Updated Sun, Mar. 7, 4:55 PM ET - Odds Provided by BetMGM - Subject to Change
How to Read the College Football Playoff Future Odds
The 2021-22 College Football regular season is expected to kick off in August and over 100 schools will be looking for a chance to earn a trip to the 2022 College Football Playoff.
How does win place show payout. The Win Place Show game has ended. The last race and date to purchase tickets was January 23, 2021. Winning tickets can be claimed within 180 days of draw/race date. Free and replacement tickets claimed after January 23 will be redeemed for $2.00. Payoffs represent your profit PLUS the return of the $2 you originally bet. A winner at 5-2 means that will pay $5 profit for every $2 wagered. The payoff is $7 which is the profit ($5) plus the cost of your wager ($2). Figuring the Cost of Your Online Wager. Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you'll get $2 for every $1 you bet. These wagers are a good place for the novice horseplayer to jump in. Let's look at the different wagering requirements. The Three Different Win Place Show Bets. Win: If you wager $2 to Win on your horse, you collect only if your horse finished first.
The Alabama Crimson Tide are the defending champions and they've been installed as 3/1 favorites (Bet $100 to win $300) to repeat according to BetMGM.
2022 College Football Playoff Contenders
- Alabama +300
- Clemson +350
- Ohio State +500
- Oklahoma +700
- Georgia +800
The 2022 College Football Playoff National Championship is currently scheduled to take place on Monday January 10, 2022 at Lucas Oil Stadium from Indianapolis, Indiana.
The College Football Playoff semifinals will take place a on Friday December 31, 2021 from the below venues:
- Cotton Bowl - Arlington, Texas
- Orange Bowl - Miami Gardens, Florida
2022 College Football Playoff Odds Comparison
| Odds To Win 2022 College Football Playoff (1/10/22) | |||||||||||||||||||||
|
How to Bet on College Football Futures
American Football is the most popular game among bettors in the United States and a large portion of that interest comes from College Football. Analyzing the Future Odds and predicting which school will become the champion every season continues to receive attention at the betting counter. Check out our online sportsbook directory to find the best and most secure places to make college football bets, as well as exclusive sportsbook offers.
College Football Futures can be bet on throughout the 12-month calendar year but to any betting market, we always have peaks and valleys for wagers. After each season ends in early January, oddsmakers send out their opening Future Odds for the following season in the second or third week of the first month. The main market is for the NCAA Division 1 Football Bowl Subdivision or more widely known as the FBS. There are over 125 teams that are divided into 10 conferences, plus there is a group of independent schools that stand alone with no affiliation.
A handful of sportsbooks will set College Football Futures on every school that are eligible to win the championship but many keep the list at 50 teams, since some lower-tier teams just don't have a competitive chance. The Future Odds market doesn't receive as much attention in the spring but an increase of bets can often be placed in the summer when the student athletes report back for the fall semester. Coaching changes, suspensions, injuries and depth charts always affect the College Football Futures betting market.
2022 College Football National Championship Odds to Win
There are several good bets to win the NCAA football playoffs in 2022.
- Alabama +300
- Clemson +350
- Ohio State +500
- Oklahoma +700
- Georgia +800
College Football Championship Game Odds
The Future Odds on the College Football Championship Game receive plenty of attention, especially when the season begins. Unlike other popular American sports, College Football doesn't have an automatic qualifying system for its postseason. At the end of the regular season, only four teams will have a chance to win the College Football Championship Game. The top four teams that are selected by a committee, subjectively, will meet in two semifinal matchups before the final.
The Future Odds on those four schools for the College Football Championship Game are available earlier in the year and as the regular season progresses, you'll start to see the oddsmakers adjust their betting odds on who they believe will be playing in the championship. In the first or second week of the December, bettors will only have four schools to choose from and the Championship Game Odds don't offer as much value compared to the initial opening numbers posted in January at the sportsbooks.
How do I bet on the College Football Championship Game?
- Where to Bet:
The Future Odds wager is very simple for the College Football Championship Game. Many bettors identify it as an 'Odds to Win' bet or future wager. Like all other wagers, bettors must correctly select a team to win an event that takes place a later time – in this case the College Football Championship.
150 Odds
The money wagered will be tied up until there is an outcome and bettors will receive fixed odds when they place the wager. For college football, the most valuable odds and big payout tickets are scooped up before the season begins when a school is quietly going unnoticed.
To figure out how you win when betting on the College Football Championship Game, it's just simple math. You take the odds and multiply by the amount wagered.
Ex. Ohio State Buckeyes (3/1) to win the National Championship.
1500 Odds
The Buckeyes are listed as an 3/1 betting choice to win the National Championship. If you wager $100 on Ohio State to win it all and they capture the championship, then you would win $300 (3 ÷ 1 x 100). You would collect $400, which includes your win and stake ($100) or initial amount that you used to bet on the Future Odds ticket.
150 Odds Tips
Bettors preferring to use American Odds would see Ohio State listed at +300 on their Future Odds market while the Decimal version on the Buckeyes would be 4.00.
3 5 Odds Payout
