The former determines the underdog and shows how much you’ll win from a ₹100 bet, and the latter indicates the favourite and shows how much you need to bet to win ₹100. American moneyline odds - US odds are primarily used in the US and Canada, displayed in positive and negative numbers.The second is an odds-for-bet likely to happen, so the determinator is higher. The first example is an odds-against bet, one that’s less likely to happen, which is why the numerator is higher than the denominator. If you get 3/5, on the other hand, you will win ₹60 plus the initial ₹100. For example, 3/1 odds on a ₹100 bet lead to ₹300 in winnings plus the initial ₹100 stake. They represent the most straightforward way of determining winnings, unlike the total payout determined by decimal odds. Fractional odds - Popular in the UK and Ireland, fractional odds are represented as fractions.This is the format you’ll mostly run into in cricket betting in India. For instance, odds of 2.3 on a ₹100 bet mean you’ll win a total of ₹230, which includes your winnings and the initial stake.

They are also the simplest types of odds as they are shown in a decimal form that makes it easy for bettors to determine the payout without resorting to more complex calculations.

Decimal odds - This is the main format used in Indian sports betting sites.

To fully understand betting odds, players need to learn about the three main odds formats:

They are effectively the probability of something happening, translated into numbers that bettors can easily understand and determine potential payouts. Sports betting odds in cricket betting apps are the chances of a specific outcome.

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