When choosing an online sportsbook, there are several factors to consider. You should consider the type of game you’re betting on, as well as the odds. There are many options available, including American, Decimal, and Fractional odds. It’s important to learn about the odds so you can make an informed decision.

Decimal odds

Besides the implied probability, the sportsbook’s odds also have another component, known as the edge. This is the difference between a team’s actual probability and its implied probability. This margin is part of the bookmaker’s fees. For instance, a team with a 26% edge should win by at least two points. As a result, its odds will be higher than its true probability.

Fractional odds

Fractional odds are a popular way to bet on sports games. These odds are different from decimal odds, which are easy to understand. Essentially, fractional odds are the result of dividing a number by two. The resulting fraction is then multiplied by one hundred to get the final result. This method is often easier to understand than the American system.

American odds

When you’re betting on a team or game, you’ll often see American odds. These odds are used alongside the point spread, and indicate the risk and reward of a bet. When you’re betting on an underdog, you’ll typically see a higher American odds number.

Enhanced odds

Enhanced odds at sportsbooks are a great way to increase the value of your bets. These odds often mean less risk and more reward for the same amount of risk. Using a promo code to receive enhanced odds at sportsbooks can help you get the best value possible.

Reload bonuses

Reload bonuses at sportsbooks are a great way to boost your winnings after you deposit money to your account. These bonuses typically come in the form of free bets or site credits. They can be applied to a number of different bets, and most have an expiration date. Make sure you read the terms and conditions carefully before claiming your reload bonus.

Risk-free bets

Many online sportsbooks offer risk-free bets for new customers as sign-up promotions. These free bets are applied to the first sports bet that a new customer places. These promotions vary from sportsbook to sportsbook, but you can usually find them in the promotions section on a sportsbook’s website.