Fanatics is a popular US online sportsbook, but one of the biggest learning curves all sports fans need to take is how to read odds. Fanatics Sportsbook odds are easy to understand, but there are a few things to note.
In this guide, we will walk you through what sports betting odds are and explore how Fanatics sets and adjusts its odds. We will also highlight a few of the most common mistakes sports bettors make, so you can learn how to avoid them. By the end, you will know what odds are and what they mean for sports betting.
Final Rating - Multiple markets on local and international sporting events
- Competitive odds on pre-match and live betting markets
- Live streaming of popular events
Fanatics Sportsbook: Pros and Cons - Legal in 20+ states
- Sizable welcome bonus
- Easy-to-use Android and iOS app
- Offers 3.9 / 5
- Customer Service 3.8 / 5
- Licensing 3.6 / 5
- Mobile App 3.9 / 5
- Usability 4.0 / 5
- Payment Methods 3.6 / 5
- Rewards 3.5 / 5
How to sign up - Download the Fanatics mobile app. This is available on the Apple App and Google Play Store.
- Click “Log In” in the upper right corner.
- Enter your email address to start the account registration process.
- From here, provide the other necessary details like your name, date of birth, address, social security number, and more.
- Agree to the terms and conditions.
- Enable biometrics, which allows you to log in with a face scan.
Fanatics Bonus Details Sports Betting 10 x $100 bet match in FanCash Type: Welcome Bonus Cashable: No
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Go to Fanatics Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV) Fanatics Facts
| Welcome Bonus | 10 x $100 bet match in FanCash |
| Mobile Statistics | Yes |
| Partial Cash Out | No |
| Live Betting | Yes |
| Live Streaming | Yes |
| Mobile Live Streaming | Yes |
| Cash Out | Yes |
| Gaming Licence | Ohio Casino Control Commission (OCCC) |
| Support Types | E-Mail, Live Chat, Hotline |
| Available States | OH, AZ, CO, CT, IL, IN, IA, KS, KY, MD +12 more, MA, MI, MO, NJ, NY, NC, PA, TN, VT, VA, WV, WY |
Fanatics Signup Promo 10 x $100 bet match in FanCash
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Go to Fanatics Rating - Multiple markets on local and international sporting events
- Competitive odds on pre-match and live betting markets
- Live streaming of popular events
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV)
Pros and cons of Fanatics’ sports betting odds
Fanatics Sportsbook is known for delivering competitive odds, but is it everything it’s cracked up to be? Let’s take a look at some key pros and cons for you to consider:
Pros & Cons - Competitive and high-value odds
- Regular reduced juice
- Real-time live odds updates
- Odds formats are easily changed
- Lower odds on niche markets
How do Fanatics’ odds work?
Sports betting odds have two core functions, which are to indicate the likelihood of an outcome and to determine the size of your potential payout if you win the bet. At its core, Fanatics Sportsbook’s odds are designed to meet these purposes.
But how does Fanatics Sportsbook come up with odds? Well, they certainly aren’t thrown together without deep analysis. Fanatics uses data feeds and expert analysis to come up with all of its odds. As such, odds can fluctuate as new updates arise.
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Types of odds that are used by Fanatics Sportsbook
Just like most online sportsbooks, Fanatics offers three main odds formats – American, Decimal, and Fractional. So, whatever your preference, you can easily learn how to change odds on Fanatics to suit your style.
- American odds: It won’t come as any surprise to hear that American odds are the standard odds format in the USA. These odds are represented with either a plus (+) or minus (-) symbol, which indicates either the underdog or favorite. When it comes to reading American odds, it’s pretty simple. Underdog odds will tell you how much you can win, whereas favorites will indicate how much you need to wager. For example, -140 means that you must wager $140 to win $100. However, +140 means that a $100 bet will return a $140 profit.
- Decimal odds: Decimal odds are known for offering straightforward odds calculations, as this odds format tells you how much you can expect in total, including your wager and profit. Decimal odds are easy for beginners, as all you need to do is multiply your bet by the decimal to get your potential payout. For example, if you were to bet $1.00 at odds of 2.50, your potential return is $1 x 2.50 = $2.50.
- Fractional odds: Fractional odds are very commonly used in the UK and Europe and are presented in the form of a fraction, such as 1/2, 5/3, and 5/1. These are also easy to calculate, as they indicate how much you might win for every unit you wager. For example, 5/3 means that you will win $5 for every $3 wagered.
Learn how to read odds at Fanatics Sportsbook: At a glance
Now that you know a lot more about the odds formats at Fanatics Sportsbook, here’s a quick overview of these odds and how to read them:
| Odds Format | Example | How to Read the Odds |
| American Odds | +140 / -140 | +140 means that you will win $140 on a $100 bet
-140 means you must bet $140 to win $100 |
| Decimal Odds | 1.20 | 1.20 will return $1.20 on a $1 bet |
| Fractional Odds | 5/1 | You will win $5 for every $1 wagered |
Fanatics Sportsbook Welcome Offer
Fanatics Sportsbook has 3 excellent welcome offers for its new customers. By signing up, you can claim up to 10x $100 Bet Match. Here are the welcome offers:
10x $100 Bet Match The current sports welcome bonus can be claimed by new customers in all states. If you sign up on Fanatics Sportsbook for the first time, you can claim the welcome offer of “10x $100 Bet Match”. It’s a very simple promo for new users who want a bit of extra value on their first few bets.
Casino Welcome Offer
Casino players have a bigger welcome bonus available right now, with the 1000 Bonus Spins on Triple Cash Eruption when you deposit & wager $10. To qualify, all you need to do is sign up, make a deposit, and wager $10 within your first 7 days. Once that is done, you can claim 100 spins per day over 10 days to use on the slot game Triple Cash Eruption.
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, [www.mdgamblinghelp.org](MD), (800)-327-5050 or [gamblinghelplinema.org](MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or [ccpg.org (CT), [](http://morethanagame.nc.gov) (NC), [1800gambler.net (WV). New customers in NJ/PA/WV only. Must place $10+ in cumulative cash wagers on any Fanatics Casino games within 7 days of registering to receive 100 Bonus Spins each day for 10 straight days to use on the slots game Triple Cash Eruption. MUST OPT-IN EACH DAY TO CLAIM BONUS SPINS. Bonus Spins expire at 11:59pm ET each day. Terms apply – see Fanatics Casino app. NJ/PA/WV only. Limit 1 spin per day. See app for available Rewards. Bonus Spin: no purch nec; void where prohib. Supercharged Spin: place $10+ in cum. cash wagers in Fanatics Casino by 11:55pm ET to qualify for Supercharged Spin for next day. Terms, including FanCash terms apply – see Fanatics Casino app. FanCash earn is now based on the odds of your bet. See full Promo Terms in the Fanatics Sportsbook & Casino app.
1K 24hr Insurance Offer
If you’re not a fan of bonus spins, Fanatics also has a $1K 24hr Insurance offer for eligible new casino players.
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, [www.mdgamblinghelp.org] (MD), (800)-327-5050 or [gamblinghelplinema.org](MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or [ccpg.org(CT), [morethanagame.nc.gov (NC), [1800gambler.net] (WV). New customers in MI/NJ/PA/WV only. Terms apply – see Fanatics Casino app. MI/NJ/PA/WV only. Limit 1 spin per day. See app for available Rewards. FanCash earn is now based on the odds of your bet. See full Promo Terms in the Fanatics Sportsbook & Casino app.
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To qualify for this promotion, you must wager a total of $10 on eligible games. Once the requirement is met, you will receive 1,000 Bonus Spins for 7’s Fire Blitz Power 5 Jackpot Royale Express. The spins will be distributed as 100 Bonus Spins per day over a period of 10 consecutive days, rather than all at once.
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV). New customers in MI only. Must place $10+ in cumulative cash wagers on any Fanatics Casino games within 7 days of registering to receive 100 Bonus Spins each day for 10 straight days to use on the slots game 7’s Fire Blitz Power 5 Jackpot Royale Express. Bonus Spins expire at 11:59pm ET each day. Terms apply – see Fanatics Casino app.FanCash earn is now based on the odds of your bet. See full Promo Terms in the Fanatics Sportsbook & Casino app.
How Fanatics Sportsbook’s odds are set
Odds at Fanatics Sportsbook are set following expert analysis, which is impacted by a variety of factors. Experts rely on updated data feeds to compile the odds, which can change as the match time gets closer. Of course, when it comes to live betting, this adds another dynamic as odds can fluctuate as the game continues.
Here are a few factors that can have a significant influence on sports betting odds:
- Player injuries
- Team performance
- Lineup changes and substitutions
- Adverse weather conditions
- Live developments during the match
- Red card
- Referee style
- Home-field advantage
Fanatics Signup Promo 10 x $100 bet match in FanCash
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Go to Fanatics Rating - Multiple markets on local and international sporting events
- Competitive odds on pre-match and live betting markets
- Live streaming of popular events
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV)
Common mistakes to avoid when reading Fanatics Sportsbook odds
Whether you are a novice or seasoned bettor, it’s still easy to make a silly mistake when betting. To help steer you away from the most common mistakes, here’s a guide to what you should avoid when betting at Fanatics:
🤔 Misunderstanding Probability
Many beginner sports bettors will go with the odds that look much more attractive, assuming that they will bring in a bigger payout. However, it’s worth keeping in mind that the odds aren’t assured. Just because the odds are fantastic, that doesn’t mean the outcome is going to happen. While it’s an educated guess, it’s exactly that… a prediction.
🔍 Not Knowing the Difference Between Favorites and Underdogs
American odds can be confusing, especially for those who are new to sports betting. Many bettors who are starting tend to read the favorites as bad odds, because they are presented with a minus (-) symbol. Misreading the favorites and underdogs can lead to a poor outcome due to incorrect assumptions.
📊 Not Comparing Odds
We all have our favorite online sportsbooks, but regardless of how great Fanatics is, you should always compare odds with other sites. Failing to do so will mean that you miss out on better potential payouts.
🎉 Missing Out on Promotions
Fanatics has superb promotions, including its fanatics sportsbook sign up bonus. It’s always worth exploring the promotions page before depositing funds or placing bets, as there may be a chance for you to grab some extra value. Besides the fanatics new customer promo, you can expect to find a regular stream of odds boosts, bet and get offers, and more.
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Fanatics Sportsbook mobile sports betting options
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Fanatics Sportsbook has plenty of sports to bet on
Conclusion: Discover all you need to know about Fanatics Sportsbook odds
Fanatics Sportsbook is popular right across the USA, thanks to its competitive odds, top-end sports promotions, in-play betting, and clean user experience. Whether you want to view the updated odds, change odds formats, or learn how to read Fanatics’ odds, Fanatics has everything you need.
One feature that stood out was how fast live betting odds get updated. When you are wagering on live markets, you will see the odds update in real-time as developments occur. If you like the sound of how Fanatics Sportsbook works, you can register today from any Fanatics legal states by tapping the banners you see on this page.
Signup Promo 10 x $100 bet match in FanCash
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Go to Fanatics Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV) Read More
Fanatic Sportsbook Odds FAQs
- 📝 Who’s eligible for a Fanatics Sportsbook account?
You must meet the Fanatics age requirement and be physically located in a permitted state to create an account. Provided that you are 21+ years old and in a legal state, you may register an account without hassle.
- 📊 What’s the default odds format at Fanatics Sportsbook?
Fanatics Sportsbook will primarily show odds in American format. However, this can easily be changed in your account settings to either Decimal or Fractional.
- 🏆 Are the odds at Fanatics Sportsbook competitive?
Yes, Fanatics Sportsbooks is known for offering high value odds across most popular sports and events. Whether you are interested in the NFL, NBA, soccer, golf, or horse racing, you will find some of the most competitive odds on the market.