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For an underdog, the equation is 100/(odds +100) x 100. So a +150 underdog would be calculated as 100/(150 + 100) x 100. That equals 40, meaning a +150 underdog has an implied win probability of 40 percent. For fractional odds, the equation is denominator/(denominator + numerator) x 100.
The math behind calculating payouts on sports bets\n\n When the odds are negative, change the number to positive and use this formula: 100/Odds * Stake = Profit. When the odds are positive: Odds/100 * Stake = Profit.
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    You can make these transactions through bank transfers, e-wallets, and debit cards. An array of Sportingbet payment methods is available; read on to learn more: Visa is the most popular method. The payment options have different timelines in which you can receive your payments.
    The withdraw methods offered by Sportsbet are Bank Transfer, Credit Card, PayPal and Sportsbet Cash Card. Please note that all withdrawal methods must be in the account holders name. Important! You must be fully verified to withdrawal from your Sportsbet account.
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