The probability implied in the odds -110 is 52.4. The odds are known as the vig or the juice and they are the cost of placing the bet. Luckily, sportsbooks do this complicated math for us, but you can read a full explanation here. The Giants are at odds of -110 to cover the betting line of -3.5 points. Point spread odds include a second set of odds beside them. * Confused where +243 came from? To calculate a parlay, the odds must first be changed into decimal odds, multiplied together and then reconverted back to American odds. You can also parlay bets across sports (a Packers and NWSL’s Portland Thorns bet, perhaps?) but most sportsbooks will cap a parlay at 10 total bets. Remember: the less likely an outcome, the more money you could make. The reason the payout is bigger is because the chances of both of those bets winning is much smaller.You can bet on those individually or you can parlay them together with a combined odds of +243*. Let’s say you want to bet on the Green Bay Packers to win (-110) and the total score of the game to be more than 50 points (-125).If the decimal price is 1.25, you convert it into fractional odds like this: 1.25 1 0. Let’s take decimal odds of 4.5, this is the equation: 4.5 1 3.5 35/10 -> 7/2. A parlay (no, not that parley) combines two or more bets to greatly increase your possible payout but…it greatly decreases the chance of actually winning. You just minus one from the decimal odds, turn that number into a fraction and reduce it down to it’s simplest form.
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