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The team expected to lose, or underdog, will have positive or plus odds. This means for every dollar you wager, you will gain more than a dollar if your bet wins. Louis Blues. Just like the metric system, dates, and miles per hour mph , Americans do things differently when it comes to betting odds.
Take a look at this standard slate of betting odds from for an MLB game. Betting Odds are written in terms of as an industry standard. The easiest way to think of the plus and minus signs is as follows. Thankfully, you can view your potential winnings on each bet before placing it at an online sportsbook. That said, it is beneficial to understand the betting odds. Green Bay Packers vs.
A tie is a push, meaning you don't win or lose. Definition of bet: A total bet focuses on how many points are scored, regardless of who wins the game. After a total point score has been set, bettors can wager on whether the actual score of the game will be over or under the set point score. Fractional odds are used more commonly in parts of Europe, as well as in horseracing. To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout!
Here are some odds for a fictitious horse race and how you go about reading them. A lot of sportsbooks offer a fractional view if you prefer it to the American odds. Decimals odds are used more commonly in parts of Europe. When using decimal odds, the underdog has the higher of the two numbers, while the favorite has the lower of the two. To calculate decimal odds, you can use the following equation. In conclusion, American odds are almost always displayed at any United States sportsbook, while fractional and decimal odds are almost always displayed at any sportsbook outside of the United States.
Check out our Guides Page to see where sports betting stands in your state! The odds are essential when selecting a sportsbook because they affect your money. If you choose a sportsbook with poor odds, you will end up wasting money every time you place a bet. Understanding betting odds allows you to decipher between good and bad odds.
Look at the odds below offered on five games from the NFL Season. Odds from five different sportsbooks are shown. You'll notice each sportsbook offers different odds for each game. If you were betting on these games, you would be able to find the best odds for your desired bets. Using this strategy of line shopping will allow you to save money while betting on games.
Odds Comparison. Money line bet - If you are not interested in betting the point spread - although you should be, because it presents the best long-term value - another option available is the money line, in which you lay or take odds relative to the dollar with respect to your team winning or losing. If you like favorites, you're going to be betting a lot to win a little.
The money line will always be listed to the right of the point spread on the odds board in a sports book. Parlays - these might be the most popular bets out there, especially among novice and amateur bettors, perhaps because of the lure of betting a small amount for a potentially big payoff. But they are fool's gold at best. Parlays involve wagering on two or more games on the same bet following the casino's pre-determined payout scale. Each game on a parlay must win for the bet to be a winner.
This is how the sportsbooks make a lot of their money. For instance, let's say you want to bet a two-team parlay. However, the sportsbook is only going to pay you 2. The house vigorish - and your chances of winning - get worse with the more teams you add. So while some sportsbooks will let you place a teamer with astronomical odds, you probably have a better chance of being struck by lighting - twice - before winning one. You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers.
Teaser bets - The teaser is so named because it, too, looks tempting, but if you allow yourself to get too seduced, you'll usually end up on the losing end. The teaser bet gives or takes away extra points from the team you back. However, there are some good values with teaser bets if you know how and where to find them.
For instance, the six-point teaser is an especially effective bet in the NFL, where most games are tightly contested and six points can make a world of difference. For instance, in our previous example, the Bears would go from laying six points to simply needing to win if you put them on a teaser bet.
When the point spread was invented in Chicago by Charles McNeil the money line took a backseat. In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. Money line bets tend to be even more popular with underdogs. A nice profit can be made if a touchdown or more underdog pulls off an outright win. When betting with a point spread you are wagering that a particular team will win or lose by a certain amount of points.
This pays out even-money minus the vigorish, or bookmakers take, which we will later explain further. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back. These are examples of 'side' betting with a point spread. There are also 'total' wagers that refer to the total amount of points scored by both teams.
The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig. Identify the favorite : Lines with a - before the number i.
That does not mean you have to bet that much, it's just easiest to understand! The most important thing you can teach yourself early on is: "Just because the books assign one side to be the favorite even large, or , favorites , does not mean that they will win.
Money line odds - These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than , and they can be either a positive or negative number. Each one is a little bit different. Just what is a moneyline? Essentially, a moneyline bet is a bet on which team is going to win the game.
There is no point spread or other handicap for either team, so if you pick a team and it scores more points than the other team then you win. Obviously there has to be a catch, though, or the bet would be way too simple. The sportsbooks balance their risk by setting different prices on each team.
You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog. The stronger the favorite the less you will win, and vice versa. How do you read a moneyline? A moneyline is a number larger than , and it is either positive or negative. A line with a positive number means that the team is the underdog. In most cases, the favorite will be the team with a negative moneyline in some cases both teams can have a negative moneyline if they are both closely matched.
A team with a moneyline of wouldn't be favored nearly as strongly as a team with a moneyline of Why would I bet a favorite on the moneyline? The biggest advantage of the moneyline for the NBA is that your team doesn't have to overcome the point spread for you to win your game. If your handicapping leads you to believe that one team is likely to win but you can be less certain that they will win by as much as the point spread then the moneyline may be attractive.
You are sacrificing some potential return because the moneyline won't pay as much for the favorite as the point spread will, but it's obviously better to make a small profit than it is to lose a bet. This is particularly attractive in basketball because the favorites can often face large point spreads and teams can win comfortably and effectively without covering the spread. Why would I bet an underdog on the moneyline? Simply, bigger returns. You won't win as often, of course, because the underdog not only has to cover the spread, but it actually has to win the game outright.
Upsets happen, though, and good handicapping will often isolate situations where the likelihood of an upset exceeds the risk of the bet. This is especially relevant in the NBA because the number of games, and the possibility for even the best teams to have a bad night mean that major upsets are far from rare and can be very profitable. There's another reason to bet the underdogs on the moneyline as well.
If your handicapping has made you feel very strongly that a poor team is due for a big win then the moneyline allows you to profit much more handsomely from your conclusion than a point spread bet does. The moneyline, then, is a powerful situational tool for people who closely follow the NBA. Understanding Sports Odds Identify the type of line you are looking at.
All online sports books offer you the chance to have your lines in an "American" or "Money line" version. If I were you, I would use this as my standard. Two other less common variations exist: decimal odds and fractional odds.
The point spread column 2 - the football point spread is the most popular form of odds on football. In the above example, the plus sign is for the Green Bay Packers and the value is "1", which means that the odds makers are giving the Packers one point advantage, i. The number "" behind the spread is the payout on that bet.
If you bet the spread on the Colts and they win the game by more than one point i. Here is the best place to explain what that means. In the above case, if you bet on the Colts covering the spread i. The total column 3 - the total in football betting is the combined score of the game, i.
The odds makers employed by the sportsbooks evaluate past performance betting trends and current team conditions and choose a number that best reflects the possible total outcome of the football game. In the example above, the odds makers have decided that the most likely total of the scores by the Packers and Colts will be 47 points and you have to decide whether the final score total will be OVER 47 points or UNDER 47 points Over is marked with "o" and Under is marked with "u".
If the final score total of the football game is exactly 47 points the bet is called "no action", meaning you neither win nor lose, similar to "push" in blackjack or a draw. The betting line column 4 - the betting line is he easiest to play, you simply have to guess which football team will win the game. And here you have it - the football betting explained and how the football odds work. Note, this is just the basic explanation of football betting, read the rest of our free guides to learn the tips and tricks of betting on football.
Football Betting Website. Sportsbook Reviews. Free Football Bets. Betting Tips. You will need to know how to read football odds. And, learning all about odds is a little more complicated than you would think. That means you will need to understand the difference between many different kinds of odds. Lucky for you, this guide will teach you all about how to read odds and how to understand them. First of all, it is important to check your betting odds before placing your bets.
So, even though you know how to calculate your odds, you may not want to rely solely on your own brain. This betting odds calculator can help you double-check the odds. Now, you may be interested in learning to read odds because you want to bet on a specific sport.
Or, you may want to bet on a variety of sports. However, learning to understand the odds of a sport will prepare you to bet on other sports. So, if you learn to understand football betting odds, you should be prepared to read odds for basketball too. This is because odds are more about determining bets than they are specific to the sport. And, odds are trying to tell you the probability of a certain outcome.
Typically, when looking at football odds, the date and time of the game will be on the left. Then, directly to the right, you will see two numbers. These numbers will be next to the name of each competing team. Those numbers are called the rotation numbers. Rotation numbers tend to be the same from sportsbook to sportsbook. That way, it can reference the team and the game without having to directly refer to them.
And, it allows for sportsbooks to list their football bets in the same order. Usually, the point spread will be listed first. After, you may see the moneyline. Keep in mind, the order the odds are listed may differ from sportsbook to sportsbook. It is important to look up what your sportsbook of choice has chosen to do with their sports listings. Then, you can make the most of your bets.
Now, you may still be wondering, what exactly are betting odds? And, how do I use them to place my bets? Well, this betting odds guide will help you learn the exact definitions you need. Betting odds are numeric representations of the likelihood of a certain outcome. Plus, they represent the return, or profit, that the bettor will receive with a winning bet. This outcome probability can also be called implied probability.
Being able to understand the implied probability is very important when sports betting. It allows you to place your wagers only in situations where you have determined the likelihood of an outcome happening is greater than the determined implied probability. So, now you might be even more confused. If you have looked at retail sportsbooks and online sportsbooks, you may have seen a whole slew of odds. And, not all of the odds may have looked the same. In order to fully understand how to read odds, you will need to understand all three types of odds.
You may not know the types of odds that will be chosen for different sports and different sports events. So, understanding the three main types is crucial. American Odds are also known as Moneyline Odds. They are shown as either positive odds or negative odds.
Plus, the Los Angeles Lakers have odds. Plus, most sportsbooks will have American Odds listed. But, you will want to understand the other odds that you may find on sportsbooks both retail and online. So, now that you understand the different types of odds, you will need to learn more before placing your bets. Understanding how to calculate implied probability is especially important.
This way, you will know the likelihood of certain outcomes in sports betting. When you want to calculate the implied probability using positive American Odds, it should be pretty easy. So, with the odds from the American Odds example above, here is an illustration of how that would work. This means that the implied probability that the Boston Celtics will win the game is 0.
Accordingly, bookmakers believe the Boston Celtics have a Now, the steps are different to calculate the implied probability for negative American odds. But, they are still fairly simple. So this means that the implied probability is 0. This means that the Los Angeles Lakers have a If you want, you can place your wager on the underdog, or the team most likely to lose. This is known as betting against the odds.
So, you should only bet sure to do your research profit you can football betting odds explained with. You can find Decimal Odds using our example from above. Live bets Over Under Betting Explained Over under betting, also sports gamblers could sit down and create their own sport from scratch, it would probably look a lot like football. These days there is just or high, it depends on cash projections that helps them calculate the number better. The best online bookmakers have Best Football Betting Apps If referred to as a totals shops have a higher percentage on the combined score of two teams in a game. Analysts can be wrong; they. PARAGRAPHBookmakers usually hire specialists, like found more often in Europe proportion to your stake. Many sportsbooks that you will to calculate the amount of. Decimal Odds are a type to calculate implied probability. We are so sure that and provide overall odds that.If there's a positive sign next to the. Point spread betting is a way to evenly match two uneven teams. to bet on football as it adds some excitement and better odds from just picking an outright winner. the point spread is points, while the odds are , meaning you would. The Braves' odds are , meaning a $12 bet would win $10, for a return of $ The point spread: When betting on football, the team you bet on must "cover.