If you're new to betting, you'll be scratching your head when you see numbers like -100 or 1.2 next to a fighters name. In this guide, we're going to explain exactly what the two most commonly used format for bets are along with some terminology.
In American odds, the favorite is represented by a negative number and the underdog is represented by a positive number. The number indicates the amount of money you would need to bet in order to win $100. For example, if the American odds for a fighter are -200, it means that you would need to bet $200 in order to win $100. If the American odds for a fighter are +300, it means that if you bet $100, you would win $300.
Fractional odds, on the other hand, represent the amount of money you would win if you bet a certain amount. For example, if the fractional odds for a fighter are 1/2, it means that you would win $1 for every $2 you bet. If the fractional odds for a fighter are 4/1, it means that you would win $4 for every $1 you bet.
Moneyline: This is a bet on which fighter will win the match. Over/Under: This is a bet on the total number of rounds in a fight. Parlay: This is a bet that combines multiple wagers into one bet. Round betting: This is a bet on which fighter will win a specific round. Method of victory: This is a bet on how a fighter will win (e.g. knockout, submission, decision). Prop bet: This is a bet on a specific event or outcome within a fight (e.g. whether a fighter will get a knockout or submission). Odds: This is a numerical expression indicating the probability of an event occurring. In MMA betting, odds are typically expressed as either fractional (e.g. 5/1) or American (e.g. +500). Stake: This is the amount of money that you are betting on a particular outcome. Return: This is the amount of money that you will receive if your bet wins. Juice: This is the commission that the sportsbook takes on a bet. It is also known as the "vig" or "vigorish."
Now that you know some terms and how to read odds take it slow and make sure you play with a small amount initially. This is meant to elevate the fight night experience and not cause issues within your personal life.
It is important to note that gambling should always be done responsibly and within the limits of one's budget. It is also important to check local laws and regulations as gambling may be illegal in certain areas or for certain age groups. Gambling can also be addictive and individuals should seek help if they feel like they have a problem. Please use caution and gamble responsibly.