The higher the absolute value of the number, the better the chance the bet will win. There are two basic types: favorites and underdogs.įavorites come with a ‘–’ symbol attached. A pick ’em is listed as “pk” or “pick” or “pick ’em”, depending on the sportsbook’s preference. The future of online sports betting is here.American odds are simply one way to express odds. ZenSports is the only mobile peer to peer sports betting marketplace, where anyone can create and accept bets around the world without the need for a centralized bookmaker. The prevailing party received a full refund of their escrow fee, along with half of the losing party’s escrow fee. The Marketplace is incentivized to vote correctly because they will receive half of the losing party’s escrow amount if they vote alongside the majority of the voters. A Taker can dispute any outcome but are required to hold 5% of their bet in escrow aside to prevent the Taker from making false disputes. To prevent a Maker from submitting false results, Makers have an escrow fee of 10% of their bet set aside in case of a dispute by the Taker. Makers submit the results of the bet outcome.Anyone can accept part of or a whole bet created by a Maker. Anyone can create any imaginable sports bet they want with their own terms, payout, and wager amount. Here’s a five-step overview of how the ZenSports process currently works: How does peer to peer betting work, exactly?īy eliminating the bookmaker, ZenSports has essentially created a marketplace for which every bettor plays a role in creating a fun, decentralized ecosystem for everyone involved. You may hear fellow wagerers refer to this cut as the “juice”, “vig”, or “cut.”Ĭreate Your Own Bets and Odds With ZenSports Many traditional sportsbooks are known for manipulating the odds in their favor and factor in how much the book is charging for you to place your bet. However, odds can be influenced by more than the events that are relevant to the outcome of the game or match. Odds announce the payout you could win if you bet on that outcome.Odds flag potential bettors as to the implied probability of the bet.We’ll start with the American way, and give you some betting odds examples so you know exactly what you’re looking at the next time you want to make a wager.īut first, it’s important to know what odds are designed to do. The most common type of sports odds used in North America is American Odds, which uses a plus/minus system for calculating payouts.īelow, we’ll answer your question: how are odds calculated in sports? If you don’t know how to calculate sports betting odds, don’t worry, you’re not alone.

How to read football odds