PRICE DEFINITION

What is a Price in betting?

Price is another term for the odds of a given betting market. In moneyline markets it helps determine who is favorite and underdog for the game, and provides an indication for the percentage chances of winning.

There are various odds price formats used in sports betting, which come from different international conventions. These are the American format (such as -110 and +110) used in the USA, Decimal format (such as $1.91 and $2.10) used in Australia and Europe, and the Fractional format (such as 10/11 and 11/10 used in the United Kingdom). If you want to learn more about these formats, and to easily convert them check out our Odds Converter .