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.