What Does Price Mean in Sports Betting?

In sports betting, “price” refers to the odds assigned to a particular bet. It is the amount a bettor must risk (or “stake”) in order to potentially win a certain amount. The price of a bet can be expressed as a fraction, a decimal, or an American-style money line. For example, a bet on a football team may have a price of 2/1, meaning that for every $1 staked, a bettor would win $2 if the team wins.

Leave a Reply

Your email address will not be published. Required fields are marked *

© Copyright 2022- 2023. Sports Betting Canada | Welcome to Canadian Sports Bet, where we provide unbiased reviews of the top sportsbooks available to Canadian bettors. Our goal is to help you find the best betting sites with strong reputations, security, and reliability. If you have any questions, please don't hesitate to reach out to us for more information. Please play responsibly. If you or someone you know has a gambling problem please call 1-866-531-2600 or visit Connex Ontario. Must be 19+ to participate in sports gambling. Additional T&Cs apply.