Every number on a betting line, in the order you meet them. Nothing here says a price is good — only what it means.
A price written with a plus or a minus. A minus is what you must stake to win $100; a plus is what $100 wins you. They are the default in the United States and the format this site publishes.
So −110 is 1.909 in decimal odds, and the price implies 52.4%.
The side priced with a minus. The book expects it to win more often than not, so it pays less than the stake.
At −200 you stake $200 to win $100. The bigger the number, the shorter the price.
The side priced with a plus. It pays more than the stake because it is expected to win less often.
At +200, $100 wins $200. The bigger the number, the longer the price.
A bet on which team wins, with no margin of victory involved. The price alone carries the difference between the sides.
A handicap applied to the favourite so both sides can be priced near evens. A team at −6.5 has to win by seven or more for the bet to win.
A bet on the combined score of both teams against a number, rather than on who wins.
A price expressed as a percentage. It is the book's number including its margin — not an estimate of how likely the result is, and not a forecast.
A −110 side implies 52.4%. Both sides of a −110/−110 market come to 104.8% — the amount over 100 is the book's margin.
The book's cut, built into the prices rather than charged separately. It is why both sides of a market add to more than 100%.
On a −110/−110 market it is about 4.5% of the amount wagered, which is why a bettor needs to win roughly 52.4% of those bets just to break even.
Several bets combined into one, where every leg must win. The decimal prices are multiplied, so the payout grows with each leg and the chance of collecting shrinks with it.
Two legs at −110 pay 3.645 times the stake, and the combined price implies a 27.4% chance of collecting.
A bet that lands exactly on the number — a −6.5 spread cannot push, a −7 can. The stake is returned and the bet counts as neither a win nor a loss.
A fixed stake used to describe results without naming an amount. One unit is whatever the bettor decides; a record given in units says nothing about how much money moved.
The European format: the multiplier applied to the stake, including the stake. 1.909 returns $190.90 on $100 — the same price as −110.
The final price before a market shuts. Whether a bet beat it is a common way to argue about a selection, and it is an argument about the price rather than about the result.
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