What Does +200 Mean? How To Read Sports Odds
Most bookmakers use their own teams to calculate odds based on various criteria, from the location of the match and the weather, to player absences or injury risks. Odds change quickly, as bookmakers update them while events are in-play. They will also use Las Vegas betting odds as a benchmark for their own calculations, which can influence the variety of odds they offer gamblers.
If you went line-shopping and found the same bet for -175 at another sportsbook, you would pocket $6. Understanding betting odds allows you to pick between good and bad odds. Decimal odds are most popular in Europe, Australia and Canada and many think they’re the easiest format to understand. Almost all online sportsbooks will offer the option of displaying odds in the decimal format, which is sometimes known as European odds in the UK.
The team with a negative number (like -110) is the favorite. Reading odds lines and understanding the concept of -110 is nowhere near as complicated as it seems. We’re going to take you through it all step by step right here.
In these cases, no one wins the bet, and you would simply get your money back. To avoid these situations, sportsbooks will often set the total at a half number, like 66.5. This way, if the final combined score was 66, it would be an under, and a 67 would be an over.
Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world. American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls. For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator. Terms and Conditions apply to all advertised bonus offers on this website.
In those cases, betting the moneyline is too obvious, because it is clear that one team will beat the other. That’s when the point spread comes into play, as the oddsmakers will set a line where there is a margin of victory. Also known as moneyline odds, this format puts every bet relative to $100. If an outcome has a negative number (e.g. -125), that’s how much money you have to bet to win $100 (e.g. a wager of $125). If the number is positive, that’s how much a bet of $100 will pay out. E.g. a $100 bet on odds of +250 carries potential winnings of $250.