Terms to Know
- Sportsbooks– websites that conduct sports betting
- Moneyline– straight bets, which team will win
- Decimal odds– Decimal odds examples are 3.0, 1.2, etc.
- American odds– American are +200, -100.
- Decimal vs American: Both are used to quantify odds, just different formats. Generally sportsbooks have an option to set the odds format, we want decimal so we will change them as below.
Generally sportsbooks have an option to set the odds format, we want decimal so we will change them as below. Similar options are found on just about any sportsbook towards the bottom of the site. Alternatively, American odds can be converted to decimal using an online calculator. For example, like this one found HERE
