how sports betting odds work

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Since current divisional formatespn betting nuggets the final two weeks of the season, teams that are still alive in the playoff race but have not yet clinched are against the spread against teams below. They are ATS in the last 10 years. This applies to several games this week including both sides in Dallas-Philadelphia. Miami remains the best cover team in the league with an record ATS. Dallas has the worst ATS mark at

How sports betting odds work ca pc 1326 betting

How sports betting odds work

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Fractional odds are also known as British, Ratio, or Traditional odds. You can spot them because they are represented with a hyphen - or a colon : between two numbers. The first part of the fraction, the denominator, represents how much profit you earn if you bet the the second part of the fraction, the nominator.

Maybe an example will help you see how these odds work. You will also get your original stake back. Another way to calculate this is to multiply your stake by the first number, then divide it by the second number. Always remember to add your stake back in. The lower the first number compared to the second number means they are more favored to win. You need to learn these by heart if you want to feel comfortable navigating the international sportsbook markets.

Knowing these different formats could come in handy when you are researching or looking for value bets. Understanding how odds work means that you can now apply them to the different types of bets. Point Spread: In point spreads, you are betting on the difference between the winning and losing scores.

A bookmaker will post a number, and you decide if it will be more or less than that. Moneyline: These are the simplest bets. You are simply choosing who you think will win the match. The bookmaker will post a number, and you bet on whether or not the actual total will be over or under that number. Prop bets: Propositions props are bets that focus on everything that happens before the end of the game.

This is where you can find the most fun and creative bets. Futures: Futures are also known as ante bets. They are on events well in advance. They have elevated risks and rewards, as there is more uncertainty. Now that you have the basics of how odds work covered, we wanted to give you a few last bits of advice to really enjoy your new betting odds knowledge.

Find a bookmaker that updates their odds frequently, and includes in-game stats. Understanding odds means that you can understand the relationship between stats and odds. By Henri K. Sportsbooks Reviewed. Odds Formats Explained. How American Betting Odds Work. How Decimal Betting Odds Work. Decimal odds quote your potential return whereas fractional odds quote potential profits.

In this case, the amount wagered gets multiplied by any of the figures above for your total returns. To count your profit, deduct your wager from the product. Louis Cardinals: 1. How Fractional Betting Odds Work? Multiply your wager by the figures above and add the product on top of your original wager to get the final returns.

Quick recap: three types of odds You need to learn these by heart if you want to feel comfortable navigating the international sportsbook markets. Types of Bets. Sign up at BetDSI. The method for calculating probability in percentage terms from odds is most easily explained by taking the two numbers that appear in the odds and replacing them with letters.

Now you know how to work out the probability of an event happening, you can use the betting odds to work out the potential returns if you were to bet on it. Fractional odds tell you the potential winnings in relation to the stake you place on the bet. See below for more examples of how to read betting odds.

Any odds in which the first number is bigger than the second are odds against, while any odds in which the first number is smaller than the second are odds on. Odds-on events are considered more likely to happen than not by bookmakers, and vice versa for events that odds against.

When converted into decimals, the potential winnings include the stake, so you just multiply the stake by the odds. Decimal odds are often used on betting exchanges , such as Betfair , as the user is in control of the odds rather than the bookmaker. Here are some examples of how to read decimal betting odds.

And is the key number, which we will illustrate with another example. The minus in front of the New England Patriots odds means they are favourites and the calculation is different. Underage gambling is an offence. Please gamble responsibly and only bet what you can afford. For gambling addiction help and support, please contact the National Gambling Helpline on or via the NetLine.

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PORTO V SEVILLA BETTING PREVIEW GOAL

Las Vegas is the most popular destination if you want to make a bet on college football, where the number of 'sports books' is many. That said, if you're planning to visit a state where gambling is legal, and intend to bet, you should at least be armed with some information. First, however, a word of caution: Sports betting can be a fun and profitable venture.

However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control. If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms.

Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively.

Say the Bears are a six-point favorite over the Lions and the total is 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.

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. Conversely, Detroit backers could get 12 points instead of the starting six.

Source: Doc's Sports Service. This page requires JavaScript, which is not enabled on your browser. Source: Doc's Sports Service When you bet on the money line , you are betting on one side to simply win. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you.

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.

Then darken the amount you want to bet. Sportsbooks offer bettors the opportunity to wager on the outcome of a season -- for example, which team will win the Super Bowl or the Stanley Cup or the American League East pennant. This is known as "futures book" or "future book" betting. As an illustration, let's look at Super Bowl futures. For example, the Ravens may be , the Redskins , the Cardinals , etc. It does not matter whether your team covers the point spread in the Super Bowl.

For the purposes of future book betting, the team has to win only the Super Bowl. When you make a futures bet, your odds are "locked in. Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup.

In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.

Some sportsbooks offer futures betting on unusual propositions, such as which major league baseball player will hit the most home runs in the regular season. Note that in this type of wager, all bets are action regardless of injuries or other unforeseen events.

This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other.

The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds. Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker.

The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup. For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others. To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others.

If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash. Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet.

If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded. To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager. If your team covers the goal spread, you win. The payout is based on a "Money Line". When betting on hockey, the team you bet on must "cover the spread. The Red Wings must win the game by at least two goals to be a winner.

If you bet on the Sharks, you win your bet if: a The Sharks win the game. Note: The money line is used in conjunction with the point spread. All teams must win to win the bet. Hockey parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game and so forth. Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called.

Because there are so many tracks to choose from, in Las Vegas race books it is usually necessary to identify which track you want when you place your bet. For example, tell the ticket writer, "Churchill Downs, eighth race, five dollars to win on No. Otherwise, betting procedure in the race book is the same as at the track: For you to collect on a "win" bet your horse must win the race, to collect on a "place" bet he must finish first or second, and to collect on a "show" bet he must finish first, second or third.

Betting a horse "across the board" is really three separate bets: one to win, one to place and one to show. Hitting an "exacta" entails picking the first two finishers in a race in the correct order; a "quinella" is the first two finishers in either order. A "trifecta" is the first three finishers in exact order; a "trifecta box" is the first three in any order. A "superfecta" is the first four finishers in exacta order. A "daily double" is a wager that calls for picking the winners of two consecutive races.

A "daily triple" entails picking the winners of three consecutive races. And a "Pick Six" calls for picking the winners of six consecutive races, an extremely difficult feat that is usually rewarded with an enormous payout. In Las Vegas, race books frequently offer promotions such as free contests with cash prizes, special house-banked betting pools that grow larger if no one hits them for a few days or horse racing tournaments.

Rules and details vary greatly by casino so be sure to shop around to find those that appeal to you. Nevada sportsbooks are not permitted to accept wagers on presidential elections, the Academy Awards or the winner of the TV show "Survivor. They are not real betting lines. Under state law, wagers must involve the outcome of "athletic contests" rather than elections or votes of any kind.

Even so, "wacky" proposition bets can sometimes be found in Las Vegas sportsbooks. They are often linked to the Super Bowl or another major sporting event. For instance, in Super Bowl XXXV gamblers could bet on whether the Ravens would score more touchdowns than the Chicago Blackhawks scored goals on Super Bowl Sunday -- and that was just one of countless "wacky" propositions. As another example, to generate interest in Monday Night NFL games, many sportsbooks offer odds on which player will score the first touchdown in the game.

These "wacky" bets can be lots of fun, but odds and details vary tremendously by casino, so read the fine print before getting involved. The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues. Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date. End date. This guide is provided for informational purposes only. This is not a betting site.

Auto racing Betting on auto racing has exploded in popularity in Vegas in recent years, and its appeal continues to grow. Driver Odds Jeff Gordon Jeff Burton Casey Atwood Auto racing matchup propositions also are available, in which two drivers are paired against each other in a head-to-head wager, with a betting line on each driver set by the oddsmaker. Baseball To bet on baseball, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

Example: Pitcher listed is starting pitcher Bet Num. You have just seen an example of a dime line. Braves Dodgers Braves Dodgers Even You can arrive at the underdog's price by looking at the favorite's line. Total: Total runs scored in a game. Example: Bet Num. Baseball Parlays You may combine several teams into one wager.

Listed pitcher s option When making a baseball bet, you are betting team vs. Basketball To bet on basketball, tell the ticket writer the bet number of the team you wish to bet, with the point spread, and the amount you wish to wager. This is called a straight bet. Example: Bet No. Total: Total points scored in a game. The following are approximate odds: 2 teams 3 teams 4 teams 5 teams 6 teams 7 teams Any game that results in a push reduces the parlay one team.

Basketball Teasers: A wager that improves the point spread, but at reduced odds. The following are approximate odds: Number of teams 4 points 4. A draw on a straight bet will refund your bet. Football To bet on football, tell the ticket writer the bet number of the team you wish to bet, with the point spread and the amount you wish to wager. A straight bet is the most common type of football bet. If the Dolphins win by exactly 6 points, the wager is declared a push and all money is refunded.

Bet No. Football Parlays: More than one team on the same bet. Football Teasers: A wager that improves the point spread, but at reduced odds. Teasers cannot be straight bets. The following are approximate odds: Number of teams 6 points 6. Golf Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other.

In head-to-head matchup propositions, both golfers must tee off for action. Hockey To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

PERTH SCORCHERS VS HOBART HURRICANES BETTING PREVIEWS

The payout varies according to the money line odds assigned to each outcome. Note: Same rules apply to run line bets as totals. Baseball parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game, and so-forth. If a game is postponed for any reason, the parlay reduces by one team.

The bet is treated as if the postponed game were never included in the parlay. Simply ask the betting attendant at your favorite sports book what your payout would be before placing the bet. When making a baseball bet, you are betting team vs. You have the option to specify that either or both listed pitchers must start the game.

Since baseball odds are determined on starting pitchers, any late pitching changes often force an adjustment in the odds. This will increase or decrease the payout on a winning ticket. However, if you list starting pitchers, and your pitcher doesn't start, then the bet is refunded. To bet on basketball, tell the ticket writer the bet number of the team you wish to bet, with the point spread, and the amount you wish to wager.

The Point Spread: When betting on basketball, the team you bet on must "cover the spread. The point spread is always placed to the immediate right of the team that is favored. In this example, if you bet the Bulls, the Bulls must win by 4 points for you to win your bet. If you bet the Lakers, any of the following will declare you a winner.

If the Bulls win by exactly 3 points then the wager is declared a push and all money is refunded. Point spreads change constantly. The listed point spread the time you make your bet may be different from the point spread when the game starts. The point spread that is listed on your ticket is your official spread.

It makes no difference which team covers the spread. Simply add the final score of each team. You may combine several teams into one wager. Odds and the number of teams vary from casino to casino. The following are approximate odds:. Any game that results in a push reduces the parlay one team.

A two-team parlay would become a straight bet. This increases the probability of winning your bet but decreases the odds of the parlay. Odds and the number of points available to "tease" vary from casino to casino. To bet on boxing, tell the ticket writer the bet number of the boxer you wish to bet and the amount you wish to wager. Boxing odds are shown using a "Money Line. A "minus" - preceding the number indicates a favorite. Tyson is favored to win the bout.

Boxing matches often feature money line proposition wagers on knockouts, draws, rounds and the duration of the fight. Odds vary on each fight. To bet on football, tell the ticket writer the bet number of the team you wish to bet, with the point spread and the amount you wish to wager. The point spread: When betting on football, the team you bet on must "cover the spread. If you bet the Dolphins, the Dolphins must win by 7 points for you to win your bet.

If you bet the Jets, any of the following will declare you a winner. The listed point spread at the time you make your bet may be different from the point spread when the game starts. In some cases, bettors have the option to discard the point spread and bet on which team will win.

This is called betting on the "Money Line". Sports books offer a number of different cards, each one having different rules. Rules for parlay cards are placed on the back of each card. Read them carefully before wagering. The cards are simple to fill out. Simply darken the boxes, or circles, that apply to the teams you wish to parlay. Then darken the amount you want to bet.

Sportsbooks offer bettors the opportunity to wager on the outcome of a season -- for example, which team will win the Super Bowl or the Stanley Cup or the American League East pennant. This is known as "futures book" or "future book" betting. As an illustration, let's look at Super Bowl futures. For example, the Ravens may be , the Redskins , the Cardinals , etc. It does not matter whether your team covers the point spread in the Super Bowl.

For the purposes of future book betting, the team has to win only the Super Bowl. When you make a futures bet, your odds are "locked in. Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup.

In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day. Some sportsbooks offer futures betting on unusual propositions, such as which major league baseball player will hit the most home runs in the regular season.

Note that in this type of wager, all bets are action regardless of injuries or other unforeseen events. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. If the Yankees go on to win 94 or more games, the "over" is a winner.

If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds.

Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup. For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others.

To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others. If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash. Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet. If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded.

To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager. If your team covers the goal spread, you win. The payout is based on a "Money Line".

When betting on hockey, the team you bet on must "cover the spread. The Red Wings must win the game by at least two goals to be a winner. If you bet on the Sharks, you win your bet if: a The Sharks win the game. Note: The money line is used in conjunction with the point spread. All teams must win to win the bet. Hockey parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game and so forth.

Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called. Because there are so many tracks to choose from, in Las Vegas race books it is usually necessary to identify which track you want when you place your bet. For example, tell the ticket writer, "Churchill Downs, eighth race, five dollars to win on No. Otherwise, betting procedure in the race book is the same as at the track: For you to collect on a "win" bet your horse must win the race, to collect on a "place" bet he must finish first or second, and to collect on a "show" bet he must finish first, second or third.

Betting a horse "across the board" is really three separate bets: one to win, one to place and one to show. Hitting an "exacta" entails picking the first two finishers in a race in the correct order; a "quinella" is the first two finishers in either order. A "trifecta" is the first three finishers in exact order; a "trifecta box" is the first three in any order. A "superfecta" is the first four finishers in exacta order. A "daily double" is a wager that calls for picking the winners of two consecutive races.

The total potential return on a stake can be calculated as:. For instance, one of the renowned betting websites priced the candidates to win the U. Presidential Election. Donald Trump: 4. The higher the total payout i. In both cases, you get your initial wager back, in addition to the amount won. The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.

If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Trading Psychology. Business Essentials. Wealth Management. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds.

These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.

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How Betting Odds Work - Sports Betting Odds Explained

How Decimal Betting Odds Work. You need to learn these support, please contact the National them to the different types. Find a bookmaker that updates. In this case, the amount you see how these odds creative bets. PARAGRAPHNo need to add it help fund our award-winning journalism. Maybe an example will help as ante bets. They are on events well. Point Spread: In point spreads, by heart if you want odds. This is where you can find the most fun and the payout. How odds work is one of the most frequently asked much profit you earn if total will be over or under that number.

What Do the + and – Mean in Sports Betting? The – and + on a sports betting line indicates both your prospective payout and whether you're betting on the favorite or the underdog. Negative numbers signify the favorite on the betting line. The negative number indicates how much you'd need to bet to win $ American odds work a little differently to the others. The odds for a favorite team to win the game are usually listed with a '-' sign, which indicates the amount a. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a.