Betting Odds Explained
Now that you’re an expert in reading sports odds, get out there and start winning some money on your favorite sports betting sites! Sharp bettors are informed bettors, and not all sports are created equal. Consider checking out our comprehensive guide covering how to bet on sports before you lay down your first wager. Let’s say you want to bet the spread on the Blazers vs. Wizards game tonight. Washington is the favorite and listed as 5.5-point favorites at most sportsbooks. However, one book has the Wizards favored by just 5 points.
The level of the gambler’s profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler’s bet level. One of the most popular ways to bet on sports is the moneyline. Obviously, you should do this with other kinds of bets including Totals and Money Line bets as well. If you want to bet the Over on a game, you will try to find the lowest total listed – and the opposite for an Under bet. Betting these are most common for baseball and hockey, and are commonly referenced in dollars and cents. For example, a two-dollar favorite has a -200 Money Line, while an underdog moving from +150 to +140 is said to have moved ten cents.
For an NFL or NBA game, if the favorite is -7 (-110), the other side is +7 (-110). The spreads are the same on both sides and on most occasions, the prices that come with those spreads are very close, if not identical. One way to understand the run line bet is to find its counterpart in other sports. When betting on basketball and football, the main bet types are the moneyline, point spread and total. Think of the run line as baseball’s version of a point spread.
In order to win $100 on the Penguins , you’ll need to wager $130. If you wagered $100 on the Senators , you’d be set to win $110. The number also indicates how much money would win in comparison to every $100 you wager. Looking at Sunday’s Green Bay Packers at Baltimore Ravens Week 15 NFL odds, lines and trends. Looking at Sunday’s Washington Football Team at Philadelphia Eagles Week 15 NFL odds, lines and trends.
A minus symbol tells you how much you need to wager to win $100. A plus symbol indicates how much profit you will make by laying down $100. You can always find a new promo being offered, and this helps keep bettors coming back for more.
Sports betting odds may seem foreign at first for the beginning sports bettor. But rest assured, you’re never that far from gaining total comprehension. You may think “if these guys can understand sports betting odds, so can I.” You would be right.