How much does the ‘numbers’ imply with sports bets
Betting Odds Calculator & Converter
With Aaron Rodgers back in the fold, the Green Bay Packers once again find themselves among the favorites heading into 2021. If he performs at an MVP level again, there’s no doubt the Packers will have one of the strongest teams this year. Now that we know how the point spread works and what it is, let’s take a look at some examples of different spreads available for the 2021 NFL season. Each of the lines below comes from DraftKings Sportsbook, the first couple from Week 1 and the last one from Week 17.
This means that you would have to bet $200 on the Packers in order to win $100 back. An over/under bet applies to the score or points in a given contest. The main signifiers of American odds are that they either have a plus (+) or minus (-) in front of them and are in terms of 100. Sports betting is legal in North Carolina, but it’s only available at two casinos, which weren’t open as of early 2021. Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
If you are looking to maximize your first deposit, we also have a great comparison of the best sportsbooks signup bonuses for you. Once you’ve read the primer below on reading the odds, you will have no problem navigating these sites. The method of determining probability from U.S. odds format differs, dependent on whether that number is positive or negative. You can figure out how to read odds with point spreads by taking a look at the number shown next to the odds. For instance, if you see Dallas Cowboys +7, you are betting on whether or not the Cowboys will win their game by more than 7 points. As stated, a negative number means the bookie sees the outcome as more likely.
5/3 odds equates to a +166 money line bet, meaning a $100 bet would return $266 (your original $100 bet plus $166). Most payouts for Over/Under bets are even, meaning that if you wager $100 you win $100 profit.Make sure to check this with your bookie first, however. If the score is exactly what the bookies set, then the bet is a push and everyone gets their money back. I wrote up a guide to golf betting that explains these unique features so you can feel comfortable wagering on PGA events too. If you bet on the Patriots -7, they must win the game outright by more than 7 points. Other odds formats do exist around the world though if you are betting from the United States, you are very unlikely to come across them.
Your return would be $320 – the original $100 stake and the $220 profit. The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite. The return can be calculated by multiplying the bet with the the decimal odds. You’re betting on which side will win an event and if that side wins, you win. It may take some time to understand odds and lines but don’t worry, it becomes second nature really quickly. When it comes to the different sportsbooks out there it is possible to find different point spread lines but generally, most sportsbooks will have similar stats.
American Odds can easily be converted into other odds such as decimal or fraction, using our free online calculator. Most, if not all, sites also offer odds in those formats, by simply choosing your preferred format. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. The higher the absolute value of the number, the better the chance the bet will win. So for example a -200 favorite has a better chance to win than a -120 favorite.