Quick Start: Understanding Odds

If you're new to betting, it's important to understand how odds work. Betting odds can be complicated, but we've broken down the basics to get you started.

Odds tell you how likely an event or outcome is to happen.

They also tell you how much money you can win. In DraftKings Sportsbook, you can tap on any odd, represented by the green numbers (ex. +130), to bring up your bet slip. This will calculate your potential pay out for you.

There are 3 betting odds types:

- American

- Decimal

- Fractional

American odds are traditional in the United States. This is the default setting for DraftKings Sportsbook. You can change your odds type at any time by using the odds selector.

When using the American Odds format, moneylines (along with spreads and totals) are based on a $100 standard betting unit.

Please view What is a Moneyline bet? for a detailed example of using American Odds

Was this article helpful?