Just what does this ‘numbers’ mean around sports bets
How To Read Odds & Bet On Sports
So, a -450 number would mean that you would have to bet $450 in order to win $100 in profit back. Therefore your profit, or “to win” amount, would be $12.50 ($22.50 return – $10 wager). They are used by most people outside of America, most notably Europe.
Thus, even on the road, the 49ers rate as -7.5 favorites at DK Sportsbook. In other words, they’re expected to win by more than a touchdown. Lines of at least a touchdown are relatively uncommon in the closely contested NFL – this is the only such NFL Week 1 line at the time of writing. Most times, particularly at high levels of professional sport, the competitors have very close talent levels, and therefore the handicap winds up on the smaller side. Take, for instance, last year’s Super Bowl between the Kansas City Chiefs and Tampa Bay Buccaneers. The market favored the Chiefs to win, making the Bucs the underdogs.
The oddsmakers want equal action on both sides because if they can do that, they reduce the risk of taking any big losses and guarantee their profit on the juice from each bet. When you see a plus sign in front of a number (like +150 for example) it tells you which team is the underdog. You get a higher payout betting on the underdog since they’re less likely to win. They represent how much a bet on each team pays out and they also show you which team is favored to win and how heavily they’re favored.
However, you normally bet $200 a game and you won’t have that sort of disposable income until you get paid on Friday. After a busy work week, you’re sipping a beer at home, shuffling your fantasy lineup around. You remember that line you wanted to bet, so you open your account and scroll down to find the Lions. A line nudging from +7.5 (-110) to +7.5 (-120) bears noting, but spreads often change much more drastically. And these changes can have sweeping impact on your betting experience.
Let’s take a closer look at some of these basic principles of odds. The content on this page is for informational purposes only. Vegas Insider makes no representation or warranty as to the accuracy of information given or the outcome of any game or event.
The more likely an outcome is, the less you can make wagering on that outcome. Conversely, betting on the less likely outcome correctly pays much better. When using decimal odds, the underdog has the higher of the two numbers, while the favorite has the lower of the two. To calculate decimal odds, you can use the following equation.
Since the end of the federal prohibition on sports wagering, several states have legalized sports betting. Providers in these states are already offering betting odds on all of your favorite events. Data from more than 1,700 bets was used to generate each sportsbook’s comparative odds ranking. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy. Sportsbooks make a ton of money on parlay bets because the odds offered are typically less than fair.