Sports Betting Odds Explained

A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash. Figuring out the payouts is where decimal odds can get tricky, but you'll soon learn a little trick that will make these very easy to understand. New England Patriots at Dallas Cowboys. These numbers are universal. Reading point spread lines Identify the favorite by the number with the minus-sign.

How to Read Betting Lines

Identifying the type of line

Using an online sportsbook means that you can bet on sporting events taking place anywhere in the world, which is fantastic, but a big disadvantage is that odds on some sites may be presented in a format that you are not familiar with. But, no matter what type of odds are shown, they all indicate the same thing: You can use our betting odds calculator to see how the different types of odds represent this chance, but many seasoned gamblers end up being able to convert between various types of odds in their head!

As the name suggests, American Odds are mostly popular with sportsbooks here in the United States. American sports betting odds work differently for favourites and underdogs, and are sometimes known as Moneyline Odds. You may notice that this is similar to 'odds-on' bets in UK markets. If you see the letters PK alongside the odds offered on a game, it means that there is no favourite and you should "pick" the winner of the game without the need to worry about any point spread.

Fractional Odds are popular in the United Kingdom but are also often used in horse racing. Fractional odds can also be referred to as British Odds, UK Odds, or Traditional Odds, and quote the net total that will be paid out to the bettor — should they win — relative to their stake.

Almost all online sportsbooks will offer the option of displaying their odds in the decimal format, which is sometimes known as European Odds in the UK. With decimal odds, the figure quoted is the exact amount that will be paid out if the bet is a winner. Decimal odds are essentially equivalent to the decimal value of the fractional odds, plus one.

Armed with the above knowledge, you should now have a pretty good idea of how to read sports lines. Think of it as a quick reference guide to sports betting for dummies! You can see below how to do this manually:.

Offering odds that are much better for players than Vegas odds and those listed elsewhere will certainly attract more gamblers, but it can be absolutely disastrous for gambling venues if things go wrong, i. An odds converter or odds calculator is essential if you are betting on more than one sport at once and, as we already know, almost all internet sportsbooks in let you do just that. Perms, parlays, or accumulators allow sports gamblers to mix and match several games and results onto one betting slip.

But before you place the bet, using an odds payout calculator is essential to make sure you get the right price. With so much difference between the odds-on markets at different gambling sites, using a sports betting calculator is even more important.

We all know that online gambling is a great way to make a little or maybe a lot! Or are the odds stacked against you…? Give it a try! We've put together this fun little quiz to test your American odds skills. Well, it looks like you have some of the basics down but you could still do with brushing up on how odds work before you start placing any big bets. Or maybe you just got tripped up by that genius Julius American answer!

Aha, it looks like you were paying attention after all. This actually translates to 1. They also dictate how much profit a player can make when betting on an event at that particular sportsbook.

They're often heavily influenced by Vegas odds, football in particular. In theory, odds can be shown in any format no matter what the game. Other times, you can tell which team is the favorite because there will be a number next to it preceded by a minus sign, such as -2 or Identify the kind of line you're dealing with. If the number following the plus or minus sign is or greater, you're looking at a "money line.

Find the point spread. That's the number after the minus sign. Say your game is Detroit against Chicago, and the line reads "Chicago In point-spread betting, the actual final score of the game is only the starting point. Say Chicago beats Detroit Because Chicago was the favorite, you subtract the point spread from its final score.

That's the purpose of the minus sign in the spread. The spread was 6, so you take 6 points away from Chicago's point total, giving you an "adjusted" score of Chicago 18, Detroit If you'd bet on Chicago, you'd have won the bet.

Now, say Chicago won the game Subtracting the 6 points from Chicago's total gives you a final score of Detroit 17, Chicago If you'd bet on Chicago, you'd have lost. That's why point spreads commonly include half-points, such as "Chicago Choose the team you think will win.

A money-line bet is a bet on a team to win outright. You don't adjust the score; you only win the bet if your team wins on the field. Find your chosen team's money line. Apply the money line. Cam Merritt is a writer and editor specializing in business, personal finance and home design.

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Reading point spread lines

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