How To Read And Calculate Sports Odds
Odds of 3-5 indicate that your profit will be three-fifths of a dollar. In other words, for every $5 you bet you can win $3 in profit. To figure out profit, multiply the amount you bet by the odds fraction. Know that Over/Under bets are placed on the combined score of both teams and are much simpler to place. A bookie sets the Over/Under, and you simply choose if the combined score will be higher or lower than that mark. Multiply this number by the moneyline to see your potential profit.
When a money line is a positive number then the odds are the amount you would win if you were to bet $100 and were correct. For example, a money line of +200 would mean that you would make a profit of $200 if you bet $100 and were correct. That’s also equivalent to fractional odds of 2/1 and decimal odds of 3. A nice profit can be made if a touchdown or more underdog pulls off an outright win. Of course, it’s still a risky proposition to bet on a team expected to lose by a touchdown or more to win the game outright. When the point spread was invented in Chicago by Charles McNeil the money line took a backseat.
All new bettors at 888sport NJ can qualify for a Free Bet No Deposit, so feel free to put your sports betting prowess to the test. If the final score is Philadelphia Eagles Miami Dolphins, clearly there is a 21-point victory margin so the Philadelphia Eagles win by more than 10 and the bet pays out. In simple terms, a point spread is effectively a median number calculated by a bookmaker when 2 teams are competing against one another. The goal is to spark interest in the favorite and the underdog. If a sport allows a game to end in a tie, that’s an outcome you can bet on. The implied probabilities of both outcomes added together is going to be greater than 100% regardless of the odds format.
However, if he had made that $110 bet through a bookmaker he would have only won $100 because of the vig. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig. Understand that fractions greater than one mean a team is an underdog. In this example, a bet on Oklahoma City requires them to win by 5 points in order for you to win the point spread bet. If the final score is for Oklahoma City, then they win by 6 points. This is greater than 5 point spread on this basketball selection, indicating that your $110 bet will win $100 profit on Oklahoma City.
You can bet whether the final score will come in over or under that total by laying $110 to win $100. In point spread betting, you’ll often hear bettors reference the “hook.” The hook is the extra half point attached to the spread, very commonly seen in football betting. When betting on a favorite and understanding the importance of key numbers and the hook, it’s beneficial for a bettor to lay fewer than 7 points or fewer than 3 points. Similarly, it’s better to lay 7 points with a favorite than have to cover 7.5 points. The same can be said for 3.5, 3, and 2.5 – having to lay 3 points is much better than having to lay 3.5, and having to lay 2.5 is far greater than having to lay 3.
In this case, you should look out for the relative offensive and defensive capabilities of both teams. This is one of the most straightforward bets to understand, but it can be tough to predict. On the flip side, the plus-minus juice can also encourage gamblers to wager on a longshot. If the Los Angeles Lakers are a +500 to win the NBA championship, a successful $100 bet would net $500. That value may be regarded as the relative probability the event will happen, expressed as a fraction , or a multiple of the likelihood that the event will not happen.
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NFL handicapping in sports betting lexicon means ‘leveling the playing fields’ so that both NFL teams have odds worthy of betting on. The strong team has some points ‘deducted’ to make it more difficult for them to be an easy win. With Run Line bets you must pick a baseball team, with the Run Lines at 1.5. When the Run Line is 1.5 you will bet on your favorite team to win by at least 2 runs+. Alternatively, you will bet on the underdog to lose by 1 run, or to win the baseball game. As with Puckline bets, the (-) indicates the favorite and the (+) indicates the underdog.
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. This is particularly attractive in basketball because the favorites can often face large point spreads and teams can win comfortably and effectively without covering the spread. In a perfect world, sportsbooks and oddsmakers would draw perfectly balanced betting action on both sides of a point spread. This alleviates a sportsbook’s or oddsmaker’s need for one side to win. The large majority of point spread bets come with a juice applied to the payout odds.