What Do American, Decimal, & Fractional Formats Mean?

by Kamil Mendelski in NFL  / December 17, 2018

We have to be careful with the probability though: bookmaker probabilities are influenced by where money is going, and the sum of the probabilities of a single event will always surpass 100 percent.

Bookmaker probabilities tell you how much they’re charging to take your bet. You may also hear this referred to as “the juice” or “cut” or “vig(orish).”

Kamil Mendelski

Mike Garafolo joined NFL Media in 2016 as a reporter. He contributes to all NFL Media platforms, including NFL Network, NFL.com and NFL Now.

Garafolo joins NFL Media from Fox Sports 1, where he covered the NFL nationally. Prior to that, Garafolo was a national NFL reporter for USA Today and a beat writer covering the New York Giants for The Star Ledger in New Jersey for eight seasons, including the Giants' victories in Super Bowl XLII and Super Bowl XLVI. For his work covering the Giants, Garafolo received an APSE award.

All seen on