The tutorials page is a great place to find a wealth of information all designed to help you learn and become a better bettor who is confident in their betting strategies. In the content found throughout the tutorials page you will find betting tips, information about the betting procedure and processes, a glossary of betting terms and much more. Betting can be done smart and confidently if you have the right information at your fingertips and our goal is to help you be a smarter, more confident bidder.

Summary of the betting procedure:

Odds and other intricate details are often set by the specific site or sports book you are using, but for educational purposes, here are the basic principles. There are three different types of Odds.

Decimal Odds are the most widely used Odds type and are offered by almost all bookmakers. Decimal Odds show you how much money will be returned from a 1 unit stake. If a team is presented with Odds @2,40 you will get 2,4 units back from a stake of 1 unit. Decimal Odds are in most cases presented with an accuracy of two decimals for example @2,40 or @1,80

Example: Arsenal to win vs. Manchester Utd @1,80
stake: 100 units
return: 100 x @1,80 = 180 units
Profit: 180 - 100 = 80 units

Fractional Odds
This way of presenting Odds is common with UK bookmakers. The main difference between fractional and decimal Odds is that while decimal show you how much money will be returned from a 1 unit stake the fractional Odds tell you how much profit there is from a 1 unit stake.
Example: Arsenal to win vs. Manchester Utd @4/5
Stake: 100 units
Profit: 4/5 x 100 units = 80 units
Return: (4/5 + 1) x 100 = 180 units
Conversion from fractional Odds to decimal Odds is easy: simply add + 1 to the fraction. With the example above odd @4/5 is equal to (4/5 + 1) = 0,8 + 1 =@1,80

American Odds
American Odds are different from the two other types explained and are either positive or negative for example - 140 or + 300. They show you how much you will have to stake in order to achieve a profit of $100 or how much profit you will have if you stake $100.

Negative Odds will show you how much you will have to stake in order to achieve a profit of $100. If a team is presented with Odds - 140 you will have to stake $140 to get a $100 profit.

Positive Odds will show you how much profit you will have if you stake $100. If a team is presented with Odds + 300 you will have $300 profit for a stake of $100. Namely, + 300 is equal to decimal Odds @4,00 or fractional @3/1.