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In the world of sports betting, deciphering odds can be a challenge. Online sportsbooks use different formats, leading to confusion. American, fractional, and decimal odds are the most common ones. American odds, also known as moneyline odds, use a plus or minus sign. A minus sign indicates how much you need to bet to win $100, while a plus sign shows how much you can win if you bet $100. For example, if the Golden State Warriors are -125, you'd need to bet $125 to win $100. A plus sign, like +10,000, represents how much you'd win if you bet $100.

Fractional odds, common in the UK, use fractions. The key is to know that the top number is the profit and the bottom number is the stake. So, a 4/5 bet would win 4 units of profit if you bet 5 units.

Decimal odds, popular in Europe, show the total payout, including the initial bet. A 1.80 bet on the Golden State Warriors would give you a total of 9 dollars, with 4 dollars profit. Understanding these basics is crucial for successful sports betting, and it's essential to know the different formats used by online sportsbooks.