How to Understand Betting Odds on Betfred

To understand betting odds on the Betfred app in the US, it's important to be familiar with American odds. American odds represent the potential profit or loss for a $100 bet, with a negative number indicating the amount you need to bet to win $100 and a positive number indicating the amount you stand to win on a $100 bet.

For example, if a football team has odds of -150, that means you would need to bet $150 to win $100 in profit. If the odds are +200, that means you could potentially win $200 in profit on a $100 bet.

On the Betfred app, you can toggle between American and decimal odds by selecting your preferred format in the settings. It's important to understand the odds format you're using to make informed betting decisions and calculate potential payouts accurately.

Additionally, it's important to note that odds may change over time as more information becomes available or as the betting market shifts. Keep an eye on the odds and consider any relevant factors, such as team performance and injuries, before placing your bets on the Betfred app.