![]() Style of betting – The size of your betting unit depends very much on your approach to betting. That means that you can be relaxed, and you always make better betting decisions when you are more relaxed and not dwelling on the consequences of a loss. The biggest benefit of having a bet size that is well below the size of the bankroll is psychological – when your bankroll represents several bets then you can lose a bet without any worry because you know that you still have more than enough money left to win back that loss. Different people will be willing to bet a different portion of their bankroll per game, but anything higher than five percent at the extreme would be hard for anyone with long term aspirations to legitimately justify. If your sports betting bankroll is $500, though, then a $100 bet size could be much harder to responsibly justify. If your bankroll is $10,000 then you could easily justify a $100 bet size. Size of bankroll – This is the most obvious one. Here are five questions I would ask when thinking about my bet size: I think that the right bet size is determined by a lot of different factors, and is different for every bettor. Some handicappers are of the opinion that there is a right answer to the question. Once you've set up your Odds format, you can begin to bet on our homepage at ! If you want a walk through of the process for placing a bet on DraftKings Sportsbook, you can read through our page on How do I place a bet on DraftKings Sportsbook? If you have any specific questions not covered here, you can always reach out to our support team by submitting a request via our Contact Support form or by reaching out with the additional ways to contact DraftKings Support.One of the biggest challenges sports bettors face when it comes to money management is determining the appropriate bet size. Now that you know the differences between the different Odds formats, you can change your odds type at any time by using the odds selector in Settings under "My Account". (Numerator x Bet amount) ÷ Denominator = WinningsĪ $100 bet at 10/11 odds would follow the formula as:Ī winning $100 bet at 10/11 will payout $191, winning your original $100 wager back plus the $91 in profit. ![]() To calculate your payout profit using fractional odds, you can use the following formula: 10/11 fractional odds are the same as -110 in American odds, which are the same as 1.91 in decimal odds, all in different odds formats. Any odds over 2.0 will be an underdog.įractional odds are typically written with a slash (/) or hyphen (-) and represent the amount you would win next to the amount you would need to bet.įor example, fractional odds of 10/11 represent that you will win $10 against every $11 you wager. ![]() Betting $100 on 1.91 odds you will receive a payout of $191, getting your original $100 wager back plus the $91 in profit.Īny odds under 2.0 will represent a favorite. ![]() For every $100 you’re betting, you’re getting 91 dollars back, plus the original stake.Ĭalculating payouts with decimal odds is simple, you can simply multiply your wager by the decimal odds. Please view What is a moneyline bet? for a detailed example of using American odds.ĭecimal odds represent the total return for every $1 wagered, including the money you risked.Īn American moneyline at -110 is 1.91 in decimal odds. If the odds are +110, it means that if you wagered $100, you would ‘win’ (profit) $110.If the odds offered on a particular selection are -110, that means in order to ‘win’ (profit) $100, you would need to wager $110.When using the American odds format, wagers are based on a $100 standard betting unit. Here at DraftKings, there are three betting odds formats:Īmerican odds show the amount you must wager, or the amount you can win, based on $100 increments.Īmerican odds are traditional in the United States, and displaying odds in the American format is the default setting for DraftKings Sportsbook. This will calculate your potential payout for you. In our DraftKings Sportsbook, you can tap on any set of odds, represented by the green numbers (ex. ![]() Odds also show you how much money you could win from a wager. Odds are how likely an event or outcome is to happen. ![]()
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