Explaine:Positive & Bad Likelihood, Just what do they imply?

Moneyline Bets Explained

Under 7 (-110) In order to win $100, you must wager $110 on the total combined run score to be less than 7. As we said before, a bettor laying action on a -110 point spread line must lay $110 to win $100. The oddsmakers want equal action on both sides because if they can do that, they reduce the risk of taking any big losses and guarantee their profit on the juice from each bet. Before we explain why -110 is the most common betting line in sports, let’s reiterate the fact that sportsbooks, by definition, exist to make money. Like most things in the gambling world, the whole point is to turn a profit. Again, this is how they reduce their risk and ensure their safe profit.

Just like for the point spread, the -110 indicates the payout. Now that you know how to infer meaning from American odds, it’s important to know that all bets have a clear winner. For negative odds, you divide the number in the line by itself plus 100. Then you multiply that quotient by 100 and the result is a percentage representing the likelihood of the outcome. The difference is that when you have a larger numerator, you don’t add 100 to your product.

The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite. The return can be calculated by multiplying the bet with the the decimal odds. You’re betting on which side will win an event and if that side wins, you win. A parlay wager is a single bet that is linked with two or more wagers.

So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits. The standard number is –110, meaning a successful bet of $110 would net $100 profit. This is the “juice” or “vigorish” (aka “vig”) for the house or sportsbook.

Whichever format odds are written in, they all have an equivalent in another format. While some sites, such as William Hill’s Jersey sportsbook, allow bettors to change odds formats, it is useful to understand how to calculate odds between formats. Not only will this help you understand your potential return, but it also makes it easier to compare betting odds across sportsbooks.

Some of these numbers have the plus symbol in front of them and others have minuses. At first glance, it can be pretty intimidating and you wouldn’t be the first person to give up right then and there. The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play. If you side with Golovkin, the “favorite,” you’ll need to risk more to get the same winnings. If you want to bet your $10 on Alvarez, multiply that sum by the quotient of 11 ÷ 8 (1.375).

Explaine:Beneficial & Bad Possibilities, What will they imply?

What Does “plus” And “minus” Mean In Sports Betting?

Analyzing Friday’s Duke Blue Devils at Charlotte 49ers odds and lines, with college football expert picks, predictions and best bets. Analyzing Thursday’s Southern Utah at Arizona State odds and lines, with college football expert picks, predictions and best bets. Analyzing Friday’s Old Dominion at Wake Forest odds and lines, with college football expert picks, predictions and best bets. Analyzing Saturday’s Central Michigan at Missouri odds and lines, with college football expert picks, predictions and best bets. Analyzing Saturday’s UL Monroe at Kentucky odds and lines, with college football expert picks, predictions and best bets.

This kind of bet is different because you are betting who will win the game straight-up, which causes the odds to be different for each game (instead of -110 for everything). TeamsMoneylineNew York Jets+240New England Patriots-280A favorite (e.g. Patriots -280) on the money line works just like our bet price example above. In our new example, the Patriots are listed at -280, meaning you would need to risk $280 for a return of $100 on them. It follows that a winning bet on the Pats pays $100 (plus your initial investment of $280 back). This added risk is why betting the spread is usually more popular, especially on favorites. Learning how sports betting odds work can be intimidating at first, but our guide will teach you how to read odds in no time!

If you’re new to sports betting, we’d recommend sticking to ‘safer’ bets with lower odds until you get to grips with how it works exactly. When a point spread is attached to a set of odds it means that for the bet to be successful the team must ‘cover the spread’. This means that the team you are betting on must win or not lose by a predetermined margin of points. Prop bets generally refer to anything that is not directly tied to the outcome of the game. They can be over / under bets on how many times a player or announcer does something, or they can be bets on which team will do better in general on a certain topic.

A -250 favorite has a better chance of winning an event than a -150 favorite, while a +200 underdog has a better chance of winning than a +500 underdog. Kansas City would be the underdog and displayed as Kansas City +6. If you bet the favorite, Detroit has to win by more than six points to win your bet. Remember, the Lions are favored by six points, so we subtract six points from their final score on a spread bet. If Detroit were to win 27-20, Lions bettors would win their wager.

The first thing that’s important to know is what kind of odds you’re looking at. The most common style used in North America is appropriately named American. You’re going to encounter American odds almost exclusively in the United States. Rather, they are expressions of the proportions that the sportsbook is using for that particular game. TeamsSpreadPrice/VigNew York Jets+7-110New England Patriots-7-110In the example above, the point spread is 7 points. Use the rotation number/numbers and the name of the team/teams you want to bet on.

The standard format for printing betting odds varies depending on the sport. Football will most often be displayed with American odds, while soccer is more likely to show with fractional odds. However, on most American sports betting websites, you’ll have the option to display these odds in several formats, with American being default. Learning how to read odds is the foundation of developing a successful sports betting strategy.

The reason is because with low scoring sports it’s difficult to predict a result. One run or one goal can easily be the difference between a win or loss, so betting on a point spread doesn’t make sense. One of the first and most important aspects of sports betting every new player must learn is what the different symbols mean.

Explaine:Positive & Adverse Odds, Exactly what do they mean?

Tn Sports Betting Odds

Point spread outcomes will most often pay this amount because the professional bookmakers are very good at predicting who will win any given game and by how many points. In doing so they are essentially making the point spread wager one that is as close to equal for both sides as possible. When you see a -110 line, you can consider it similar to an even money outcome, like a coin flip. The number next to the minus sign is the amount you must bet to win $100 in profit. Below is an example of NFL betting odds taken from an online betting site.

Calculating your payout requires simple multiplication just like using decimal odds. The easiest way to understand fractional odds is the numerator is the profit while the denominator is your wager. If the numerator is larger, the profit will be more than your wager.

If Texas happens to win by six points, both your bets cash in. Texas winning by either five or seven gives you a win and a push. Any other result creates a win and a loss, so you’re only risking the vigorish. The first time you glance at the odds can be somewhat daunting. If the odds on a tennis player said +150, that means that for a $100 bet, you would win $150.

Understanding betting odds allows you to pick between good and bad odds. Data from more than 1,700 bets was used to generate each sportsbook’s comparative odds ranking for our 2021 annual review. It may take some time to understand odds and lines but don’t worry, it becomes second nature really quickly.

Negative (-) means how much is needed to wager in order to win $100, and positive (+) means how much can be won on a $100 wager. The Arizona Diamondbacks are the underdog, and a wager of $100 will produce a profit of $140, for a total payout of $240. We hope this short beginner’s guide to understanding and interpreting odds will give you the confidence to get out there and start making winning bets.

While straight bets using a point spread are most popular for high scoring sports like football and basketball, money line bets are available as well. Straight bets are used to even out the odds, offering 11/10 odds on any team you choose. With money line bets, there is no point spread and your goal is to simply pick the winning team.

Explaine:Positive & Bad Likelihood, What can they imply?

Moneyline Bets Explained

Following the tips in this helpful guide can take you from wondering, “how do odds work? Remember how to read odds and the formulas for determining the implied probability from each. Once you have that implied probability, you can place your wagers accordingly. Having these fundamental principles of betting odds explained is the first step to making successful wagers. Here’s a quick reference for some common questions on betting odds explained. Predicting these events so far in advance is difficult, so learning how to read odds like these can give you some of the most lucrative payouts in sports betting.

This also means that your wager won’t profit as much as it would if it was a positive number. For instance, a $100 wager on +220 odds would return a profit of $220. However, a team with -220 odds would require a $220 bet to return a profit of $100.

Now if there is a minus sign in front of the odds, that is the number that you would have to bet in order to win $100. Decimal odds are popular in continental Europe, Australia, New Zealand, and Canada. The favorites and underdogs can be spotted instantaneously by looking at the numbers. Decimal odds appear with a whole number followed by a decimal. You may see these odds on global events like the PGA tour, tennis tournaments, or the Olympics. If you’re wondering, “how do odds work with the fractional format,” the top number indicates how many times a bookie predicts the outcome will fail.

There’s always luck and chance involved in sports betting, but understanding how to read odds helps you make an informed bet. If you believe an outcome is more likely than the implied probability, you have an optimal chance of winning a return on your wager. Money line bets are possibly the simplest form of sports betting. Money line bets do not use point spreads like straight bets do.

For example, betting on a market priced at 2.5 means you would win two and a half times your stake if your bet were to win. Say the Bears are a six-point favorite over the Lions and the total is 42. To bet the Bears, you must “lay the points,” meaning they must win by seven or more to cover and give you the win. Betting the underdog Lions, you are “taking” six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides “push” and all bets are returned. It’s also a push if the final score equals 42, otherwise the over or under will win.

We cannot use this to calculate Pittsburgh’s, however, because they have negative odds. This determines not only odds but what wagers sportsbooks make available as well. For example, bettors in Tennessee should expect more options for betting on Volunteers football this fall than betting on a UNLV game. You may also pay a different price for those wagers than someone in Las Vegas does. With many supporters of local teams like the Vols, the odds may be more favorable for these teams than they are in a more neutral market like Nevada. A moneyline bet is simply determined by which team wins the game.

Explaine:Good & Bad Possibilities, What do they signify?

What Does “plus” And “minus” Mean In Sports Betting?

Read sporting odds as the likelihood that one team, athlete, or horse, will win. The most common use of odds is found when placing a bet on a sporting event. For every $1 wagered on a team with +200 odds, $2 will be paid out.

Every $100 bet, in this case, would turn a profit of $220 in return if they win. The Patriots are considered a great team, but they still lost to the Eagles in the 2018 Super Bowl, despite being favored by 5.5 points to win. Another important point to consider is where the teams are playing and if you think they will have an advantage at home.

Understanding how to read odds is a crucial step to becoming a successful sports bettor. From determining how much money you want to wager to figuring out which bets offer the most value, it all starts with a solid understanding of the odds. It can sometimes take months for the wagers to become settled. These bets are usually presented as moneyline wagers on the likelihood the event will happen. By the same token, if the game gets to halftime and Jackson is scoreless, the sportsbook may lengthen the odds.

In a moneyline wager, bettors make bets simply on who will win the game. This does not involve any point spreads or margins of victory. This form of betting odds focuses just on who will be the outright winner. If Duke is victorious, one wins $100 with a total payout of $860 (initial stake $760 + profit won $100). In a betting line between two teams, the team expected to win, or the favorite, will have minus or negative odds.

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 15-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. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms.

Please check the online gambling regulations in your jurisdiction before placing any wagers with the betting sites advertised on SportsBettingDime.com, as they do vary. SportsBettingDime.com does not target any individuals under the age of 21. Using any of the information found at SportsBettingDime.com to violate any law or statute is prohibited. SportsBettingDime.com is not supported by or linked to any professional, college or university league, association, or team. For further guidelines please visit our responsible online gambling page. We can calculate Ottawa’s (+110) implied probability of winning the game using this same formula.

Explaine:Good & Bad Probabilities, What will they suggest?

Tn Sports Betting Odds

” and can use that information to decide which outcome the bookie considers more likely. Multiply this number by the moneyline to see your potential profit. If I spend $50, I will make .5 (50/100) of the moneyline if I win.

The number in the odds means something slightly different depending on whether it has a positive or negative sign in front of it. With its odds set at 130, Team B offers a $130 payout for every $100 bet on it. So if someone were to bet on Team B, and Team B won, that person would win $130.

With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default. A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets.

Implied probability refers to the likelihood of a particular outcome suggested by the odds. Figuring it out involves converting odds into a percentage, which indicates the likelihood that event will happen vs. the alternative. You can use the formula below to calculate the potential winnings for any value you wish to wager.

Now that you know how to read odds and what types of bets are available, you can start making informed decisions on how to maximize the upside of your risk. The current favorite, the team with the smallest odds, at that sportsbook is the New York Yankees. TeamSpreadMoneylineTotalBuffalo Bulls+2.5 (-110)+125Over 154 (-110)Toledo Rockets-2.5 (-110)-145Under 154 The spread is listed first here but not all sportsbooks will do so. The negative and positive elements come into play here again. The outcome with the positive element is the underdog while the other is the favorite.

In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost. In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct. Bookmaker’s interest – In order to guarantee a profit for the house, a bookie needs to create even action on both sides of a particular game.

Explaine:Favourable & Unfavorable Odds, What can they mean?

Moneyline Bets Explained

That’s when the point spread comes into play, as the oddsmakers will set a line where there is a margin of victory. 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. 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.

” will also give you some insight into how likely a sportsbook thinks a particular outcome is. There is more on that subject in the following section where we have implied probability and betting odds explained. Data from more than 1,700 bets was used to generate each sportsbook’s comparative odds ranking. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy. Sportsbooks make a ton of money on parlay bets because the odds offered are typically less than fair.

Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later. Prop bets, or “proposition bets,” can be on literally just about anything. We’ll get into that more in other pieces, but the heavier the team, player, situation or bet in general is favored to succeed, the higher the negative money line. Betting on the favorite allows bettors to get a jump on this, as long as the favorite starts strong. +500 is a way to represent the odds of a bet, it means that for every 100 you gamble you win 500.

Learn how to read odds correctly and you will be able to calculate what your exact return will be if your bet is correct. Betting odds are a measure of how likely or unlikely a sportsbook finds an event to be. The more likely an outcome is, the less you can make wagering on that outcome.

Odds of +200 or greater are offered on teams that are not expected to win a game. Keep in mind for both spreads and totals that if the game ends in a draw for the bet , then you get your bet back but do not win or lose any additional money. Total odds How to read it Over 7 (-115) In order to win $100, you must bet $115 on the overall combined run score to be higher than 7.

The money line is a simple wager in which the point spread is not determined. The odds posted on the money line is based on a $100 parameter. Ask your bookie about the “vig,” which determines your potential profit. Also known as the “juice,” the vigorish is the commission charged for placing a bet.

Explaine:Good & Bad Odds, Precisely what will they imply?

What Does “plus” And “minus” Mean In Sports Betting?

Just like for the point spread, the -110 indicates the payout. Now that you know how to infer meaning from American odds, it’s important to know that all bets have a clear winner. For negative odds, you divide the number in the line by itself plus 100. Then you multiply that quotient by 100 and the result is a percentage representing the likelihood of the outcome. The difference is that when you have a larger numerator, you don’t add 100 to your product.

Whichever format odds are written in, they all have an equivalent in another format. While some sites, such as William Hill’s Jersey sportsbook, allow bettors to change odds formats, it is useful to understand how to calculate odds between formats. Not only will this help you understand your potential return, but it also makes it easier to compare betting odds across sportsbooks.

Under 7 (-110) In order to win $100, you must wager $110 on the total combined run score to be less than 7. As we said before, a bettor laying action on a -110 point spread line must lay $110 to win $100. The oddsmakers want equal action on both sides because if they can do that, they reduce the risk of taking any big losses and guarantee their profit on the juice from each bet. Before we explain why -110 is the most common betting line in sports, let’s reiterate the fact that sportsbooks, by definition, exist to make money. Like most things in the gambling world, the whole point is to turn a profit. Again, this is how they reduce their risk and ensure their safe profit.

Conversely, betting on the less likely outcome correctly pays much better. If the odds are 9/4 and you wager $100, you divide the $100 by the last number so this would be $25. Then multiply it by the first number , which would come out to $225 as your profit made from the $100 you bet. The “-13” means that a football team is favored to win by 13 points. For you to win the bet, the team must win by more than 13 points.

For every $1 wagered on a team with odds of +100, $1 will be paid out. In other words, if you bet $10 at +100 odds, you will win $10 if your bet wins. If two teams are evenly matched you might see moneyline odds of +100.

So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits. The standard number is –110, meaning a successful bet of $110 would net $100 profit. This is the “juice” or “vigorish” (aka “vig”) for the house or sportsbook.

Explaine:Good & Damaging Likelihood, What will they imply?

Tn Sports Betting Odds

If you’re new to sports betting, we’d recommend sticking to ‘safer’ bets with lower odds until you get to grips with how it works exactly. When a point spread is attached to a set of odds it means that for the bet to be successful the team must ‘cover the spread’. This means that the team you are betting on must win or not lose by a predetermined margin of points. Prop bets generally refer to anything that is not directly tied to the outcome of the game. They can be over / under bets on how many times a player or announcer does something, or they can be bets on which team will do better in general on a certain topic.

The reason is because with low scoring sports it’s difficult to predict a result. One run or one goal can easily be the difference between a win or loss, so betting on a point spread doesn’t make sense. One of the first and most important aspects of sports betting every new player must learn is what the different symbols mean.

The first thing that’s important to know is what kind of odds you’re looking at. The most common style used in North America is appropriately named American. You’re going to encounter American odds almost exclusively in the United States. Rather, they are expressions of the proportions that the sportsbook is using for that particular game. TeamsSpreadPrice/VigNew York Jets+7-110New England Patriots-7-110In the example above, the point spread is 7 points. Use the rotation number/numbers and the name of the team/teams you want to bet on.

A -250 favorite has a better chance of winning an event than a -150 favorite, while a +200 underdog has a better chance of winning than a +500 underdog. Kansas City would be the underdog and displayed as Kansas City +6. If you bet the favorite, Detroit has to win by more than six points to win your bet. Remember, the Lions are favored by six points, so we subtract six points from their final score on a spread bet. If Detroit were to win 27-20, Lions bettors would win their wager.

Analyzing Friday’s Duke Blue Devils at Charlotte 49ers odds and lines, with college football expert picks, predictions and best bets. Analyzing Thursday’s Southern Utah at Arizona State odds and lines, with college football expert picks, predictions and best bets. Analyzing Friday’s Old Dominion at Wake Forest odds and lines, with college football expert picks, predictions and best bets. Analyzing Saturday’s Central Michigan at Missouri odds and lines, with college football expert picks, predictions and best bets. Analyzing Saturday’s UL Monroe at Kentucky odds and lines, with college football expert picks, predictions and best bets.

This kind of bet is different because you are betting who will win the game straight-up, which causes the odds to be different for each game (instead of -110 for everything). TeamsMoneylineNew York Jets+240New England Patriots-280A favorite (e.g. Patriots -280) on the money line works just like our bet price example above. In our new example, the Patriots are listed at -280, meaning you would need to risk $280 for a return of $100 on them. It follows that a winning bet on the Pats pays $100 (plus your initial investment of $280 back). This added risk is why betting the spread is usually more popular, especially on favorites. Learning how sports betting odds work can be intimidating at first, but our guide will teach you how to read odds in no time!

The standard format for printing betting odds varies depending on the sport. Football will most often be displayed with American odds, while soccer is more likely to show with fractional odds. However, on most American sports betting websites, you’ll have the option to display these odds in several formats, with American being default. Learning how to read odds is the foundation of developing a successful sports betting strategy.

Explaine:Good & Unfavorable Odds, What can they suggest?

Moneyline Bets Explained

Calculating your payout requires simple multiplication just like using decimal odds. The easiest way to understand fractional odds is the numerator is the profit while the denominator is your wager. If the numerator is larger, the profit will be more than your wager.

You only need to consider the possibility of a push when betting against the spread or placing a totals bet. The implied probabilities of both outcomes added together is going to be greater than 100% regardless of the odds format. Implied probability is useful because if your estimate of the probability of an event occurring is different than a sportsbook’s you can and should adjust your bet accordingly. Therefore, if you wager $40 on Pittsburgh, you will win $30.77, and your payout would be $70.77 .

While straight bets using a point spread are most popular for high scoring sports like football and basketball, money line bets are available as well. Straight bets are used to even out the odds, offering 11/10 odds on any team you choose. With money line bets, there is no point spread and your goal is to simply pick the winning team.

If Texas happens to win by six points, both your bets cash in. Texas winning by either five or seven gives you a win and a push. Any other result creates a win and a loss, so you’re only risking the vigorish. The first time you glance at the odds can be somewhat daunting. If the odds on a tennis player said +150, that means that for a $100 bet, you would win $150.

Negative (-) means how much is needed to wager in order to win $100, and positive (+) means how much can be won on a $100 wager. The Arizona Diamondbacks are the underdog, and a wager of $100 will produce a profit of $140, for a total payout of $240. We hope this short beginner’s guide to understanding and interpreting odds will give you the confidence to get out there and start making winning bets.

Understanding betting odds allows you to pick between good and bad odds. Data from more than 1,700 bets was used to generate each sportsbook’s comparative odds ranking for our 2021 annual review. It may take some time to understand odds and lines but don’t worry, it becomes second nature really quickly.

Point spread outcomes will most often pay this amount because the professional bookmakers are very good at predicting who will win any given game and by how many points. In doing so they are essentially making the point spread wager one that is as close to equal for both sides as possible. When you see a -110 line, you can consider it similar to an even money outcome, like a coin flip. The number next to the minus sign is the amount you must bet to win $100 in profit. Below is an example of NFL betting odds taken from an online betting site.