How To Read Odds For Sports Betting
You can anticipate these line movements and time your bet accordingly to take advantage. There’s another reason to bet the underdogs on the moneyline as well. The moneyline, then, is a powerful situational tool for people who closely follow the NBA. In most cases, the favorite will be the team with a negative moneyline . A line of -160 means that you would have to bet $160 to win your base amount of $100.
There is a little bit of art, a little bit of science and a little bit of math that goes into setting the point spread each week. And if the oddsmaker is being honest with you, he’ll tell you its a little bit of guesswork too. A Taker can dispute any outcome but are required to hold 5% of their bet in escrow aside to prevent the Taker from making false disputes. Anyone can accept part of or a whole bet created by a Maker.
In the United States, it is standard to use the American odds format (shocking!). Each bet will always have a plus (+) or minus (-) in front of a number greater than 100. Each of the odds formats represent a chance of winning, just displayed in a different way. All of the above numbers represent different ways to display betting odds, however they all represent the same thing. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. So a +200 underdog has a better chance to win than a +500 underdog.
In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100. If you bet $110 on the underdog 49ers you will win $100 if they win outright or lose by less than the three-point spread. If the final score happens to end up exactly on the number it’s a tie, or ‘push,’ and you get your money back. 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. Parlays involve wagering on two or more games on the same bet following the casino’s pre-determined payout scale.
Based on 34,000 data points from over 1,700 individual bets, we found the following sportsbooks offer the best odds on moneyline bets. 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. There’s no real difference between them, even though they look dissimilar. All betting odds share the same purpose – to show you your payout on a bet, a figure that will remain constant no matter which odds are used.
It might be old hat to experienced sports bettors in the U.S., but it’s not what most see around the world, and it probably won’t make sense to most new bettors. The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team.