# Fighting odds explained

**CHARLIE MORRIS BITCOIN**

What is the bet amount? It is very important to know what payout you are getting on a bet. The odds that a sportsbook offers you is directly related to the implied probability of that outcome happening. If you find a bet where the implied probability of an outcome is lower than the true probability, then that is usually considered a good bet to make. With this being said, lets look at an example from an NFL game. True Odds vs. Implied Odds When you decide to bet on sports, it is important to have a grasp on a few things.

These are listed below: What are implied odds? What are true odds? Implied odds and true odds are important in determining if you are making a bet that has good value. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet. Implied odds are the conversion of a sportsbooks offered odds into an implied win probability.

A spread bet in football is normally offered at on both sides of the bet. This gives both outcomes a win probability of The implied probability of this spread bet winning would be Let's use the above bet of for both outcomes on a NFL spread bet. We know that both outcomes have an implied probability of If both fighters are given the same odds usually , it means that they have equal chances of winning.

The same applies to all the other markets, like the total number of rounds, method of victory, and so on. Now that you know what Vegas odds in UFC mean, the next obvious question is how can you use them to calculate your potential winnings. There are two formulas to use, depending on whether the Vegas odds are displayed as a positive or negative number. Keep in mind that Vegas odds do not equal true probability.

At least, not in every case. Still, in most cases, Vegas odds are as close as possible to true probability.

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