American sports bettors are certainly some of the most capable bettors out there, as they deal with rather complex representations of probability and potential winnings.
Decimal odds are essentially the same, but they may appeal to you a little more if you are not used to the American odds representation. If we took the same example as before and switched to Decimal odds, the odds would look like this:
Los Angeles Lakers +1.33
Phoenix Suns +3.50
These odds require much simpler calculations, although if you have solid mathematical knowledge, you will notice that the information is exactly the same, notwithstanding the differences in representation.
Decimal odds tell you that for each $1 you bet on the Lakers, you stand to win a grand total of $1.33. However, this includes your own bet +$0.33 profit.
Similarly, the +3.50 odds tell you that for each bet you place on the Suns, you stand to win $1 + $2.50 profit.
Decimal odds are essentially the same, but they may appeal to you a little more if you are not used to the American odds representation. If we took the same example as before and switched to Decimal odds, the odds would look like this:
Los Angeles Lakers +1.33
Phoenix Suns +3.50
These odds require much simpler calculations, although if you have solid mathematical knowledge, you will notice that the information is exactly the same, notwithstanding the differences in representation.
Decimal odds tell you that for each $1 you bet on the Lakers, you stand to win a grand total of $1.33. However, this includes your own bet +$0.33 profit.
Similarly, the +3.50 odds tell you that for each bet you place on the Suns, you stand to win $1 + $2.50 profit.
