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Many bettors rely on intuitive picks and bank on their sports knowledge. But math-minded and programming-adept bettors are bringing big data and automation into sports betting with increasing success. Complex algorithms, statistical models and sophisticated software present potential ways to gain edges. Here we'll explore the powers and limitations of these quantitative betting methods. DraftKings Decimal odds represent the total payout, including the original stake. For example, if the odds are 2.50, a 0 bet would result in a 0 payout (0 stake + 0 profit). Fractional odds are expressed as a fraction and represent the potential profit relative to the stake. For example, if the odds are 3/1, a 0 bet would result in a 0 payout (0 stake + 0 profit). Super Bowl 2016 Proposition Bets Revisited: A Nostalgic Look Back.
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