How much does a ‘numbers’ suggest with sports gambling

How To Read Betting Odds

With the above example, let’s calculate the odds of betting the underdog with only $10, instead of $100. If you bet $100 on the Packers , you’d be paid out $260 in addition to receiving your $100 bet back. The plus or minus indicates whether you’re betting on the favored team or the underdog. So, in this case, you would realize a total profit of $160 if you bet $100 on the Lions at +160.

Let’s say you bet $10 on the Vikings moneyline at -200 at one sportsbook. 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. Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

The types of odds are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Get exclusive betting news and the latest odds from top-rated sportsbooks, straight to your inbox and social feeds. If a push does occur, you will simply be refunded your money. You only need to consider the possibility of a push when betting against the spread or placing a totals bet. Implied probability is useful because if your estimate of the probability of an event occurring is different than a sportsbook’s you can and should adjust your bet accordingly. Therefore, if you wager $40 on Pittsburgh, you will win $30.77, and your payout would be $70.77 .

This added risk is why betting the spread is usually more popular, especially on favorites. Jonathan has over 25 years’ experience in the sports betting industry, as a senior odds compiler at a number of high profile fixed odds and spread betting firms in the UK. Unlike decimal odds, fractional odds do NOT include your stake. Now that you know how to read odds a little better, let’s take a look at the different types of wagers. So how do odds work when it comes to these different types of bets? For every $1 wagered on a team with odds of +100, $1 will be paid out.

Along with the number, they tell you tons of information about the bet and the match. 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.

Along with the “+7” or some such number, another number will sit alongside it. Generally, this number will be “-110” at an American sportsbook or something like “1.91” at a European book. In either of these two examples (they’re the same, just denoted differently), you’re laying $11 for every $10 you hope to win.

You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost. To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots.