What does this ‘numbers’ mean inside sports wagering
How To Understand Odds In Sports Betting Like A Pro
The following examples should help illustrate how moneyline bets work. All of these entries are actual bets that were featured on DraftKings Sportsbook. In fact, positive moneylines are convertible into straight odds for those who wish to do a few calculations.
In other words, the lower the number, the more likely they are to win, and the less money you win. WInning a bet marked at -220, means that you would win an extra $100 if you placed $220. It’s the next step towards having the best time and most gains while betting on sports. Usually one of the markets the books offer is a live point spread market. These lines move rather quickly in response to happenings on the field. For example, imagine in the 49ers/Lions game listed above that the sportsbook became inundated with a flood of Lions +7.5 money.
The most common type of sports betting odds used in North America are the American style odds which we explain below. Meanwhile, the odds for underdogs are accompanied by a positive (+) sign, indicating the amount won for every $100 staked. In both cases, you get your initial wager back, in addition to the amount won. The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. Fractional odds are the ratio of the amount won to the stake; decimal odds represent the amount one wins for every $1 wagered. Now that you’re an expert in reading sports odds, get out there and start winning some money!
The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320. If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the odds are changing while the event unfolds.
In the world of sports betting, a money line bet is simply betting on which team you expect to win. Understand that negative odds indicate how much money your must spend to make $100. When betting on the favorite, you take less risk, and thus earn less.
Understanding how to read odds is a crucial step to becoming a successful sports bettor. From determining how much money you want to wager to figuring out which bets offer the most value, it all starts with a solid understanding of the odds. Using -300 as an example, this means you must bet $300 to win $100. If you see odds of +300, this means you will win $300 for every $100 you stake. American Odds are convenient and fast once you get accustomed to them.
American betting odds display with a plus or minus sign followed by a number. Negative numbers indicate the favorite, while positive numbers indicate the underdog. A parlay bet is a group of spread, moneyline, or total bets combined into one bet to increase the payout odds. In order for the parlay to win, each separate bet has to win. Parlay odds offer bigger payouts than normal odds because they are riskier, since each individual bet has to win.