What does the ‘numbers’ suggest in sports bets

What Do Betting Numbers Mean

Now probability may be something you last thought about at high school, but some very simple maths can take you a long way when thinking about odds. Decimal odds are widely used outside the US, particularly in Europe, Africa, South America and Australia. They are easy to understand, insofar as they indicate precisely what you will receive back, if your bet is successful, for a 1 unit stake. A negative number tells you how much you will need to stake in order to win $100; a positive number indicates how much you will win if you stake $100. The decimal shows how much profit is paid for every dollar on a correct bet. Favorites have a lower number, while underdogs have a higher number.

“I was reading about the McGregor-Mayweather fight, so I wanted to understand all the talk surrounding the betting. Betting through bookmakers is illegal in the United States except in the state of Nevada. It is legal in Great Britain and other countries, where it is regulated. In some countries, bookmaking is only performed by the government.

Futures are wagers placed on, you guessed it– future events. For instance, you might place a future bet on the Red Sox winning the World Series or The Lakers bringing home an NBA championship ring. You place a wager on whether the total score between the two teams will be higher or lower than the total offered. Learning how to read odds like these and predicting what games will be high scoring are crucial skills as a sports bettor.

In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100). The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play. Spread betting refers to speculating on the direction of a financial market without actually owning the underlying security.

The number gives you how much you would need to bet to win $100 in profit. Betting odds matter because they tell you how much you could potentially win on a particular wager. Learn how to read odds correctly and you will be able to calculate what your exact return will be if your bet is correct. Betting odds are a measure of how likely or unlikely a sportsbook finds an event to be.

They are often to be found in UK facing sportsbooks, but occasionally rear their head Stateside. In the highlighted example, you would need to stake $250 in order to win $100 on Cleveland, whereas, a $100 stake would win you $190 at the prevailing odds on Tennessee. The bookmaker has an opinion on all those events and he has turned that opinion into some odds. Odds are a representation of the probability that an event will occur. These bets can be found for any sport, but are most common in low-scoring games like baseball, hockey, or soccer. Learning how to read odds and what to use that information for will help you make successful wagers.