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When it comes to sports betting, understanding how to read odds can be a challenge, especially with different websites using different formats. In this article, we'll break down the most common ones to help you make informed decisions. American odds involve a plus or minus sign before a number. A negative sign means betting the amount will earn you $100 profit, while a plus sign means betting $100 will win you the number after the sign. For example, a $50 bet on the Cleveland Cavaliers to win the NBA championship would earn you $180 if they win, since they are at +360.

Fractional odds, on the other hand, use fractions to represent the odds. The key is to know that the part before the fraction bar is the denominator, and the part after is the numerator. Betting the amount of the denominator and winning earns you the number on the numerator. For example, betting $50 on the Golden State Warriors to win the title would earn you $40 if they win, since they are at 5/1.

Decimal odds look like money, with the number representing the total amount, including the original bet. For example, a $5 bet on the Golden State Warriors at 1.8 would earn you $9, with a profit of $4. Understanding these different formats is essential for making informed decisions when it comes to sports betting.