What are Odds?

What are Odds?

Each wager can be placed at provided odds that are made available by Betway. 

‚ÄčOdds are typically expressed in one (1) of three (3) ways.  The American format is the default, but you can adjust the format in your settings. 

American odds.  Can be expressed as a positive or a negative

For positive: the odds represent the amount you would win for every $100 wagered.  For example, odds of +150 would generate $150 in winnings for every $100 Bet, resulting in a total payout of $250.
For negative: the odds represent the amount you need to wager to win $100.  For example, odds of -120 would require you to wager $120 to win $100, resulting in a total payout of $220. 

Decimal odds. Always expressed as a positive.  

The odds, when multiplied by your wager, represent the total payout. 
For example, odds of 1.5 would mean that a wager of $100 would result in a total payout of $150 (return of the $100 stake plus a $50 winnings). 

Fractional odds. The odds, multiplied by your wager amount, represent the potential winnings.

The odds, multiplied by your wager amount, represent the potential winnings. 
For example, odds of 2/1 on a $100 wager would represent a potential winnings of $200, for a total payout of $300 on a winning wager. 
For example, odds of 1/2 on a $100 wager would represent a potential profit of $50, for a total payout of $150 on a winning wager. 

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