What does this ‘numbers’ suggest around athletics bet

Odds

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In decimal odds, your stake is already calculated in your total payout. We will also lay out some of the basics you should keep in mind when reading odds. Together, this is a complete guide to reading and understanding odds for sports betting. Live betting has become increasingly popular over the years as it has become increasingly widespread thanks to more sophisticated technology at the hands of bookmakers. All you have to do is log in to your online account during a big game and you will see constantly shifting live betting lines, most often posted during commercial breaks. Usually, spread betting involves laying -110, and a parlay essentially rolls over the winnings of each bet into the next bet.

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.

However, odds can be influenced by more than the events that are relevant to the outcome of the game or match. Again – American, decimal and fractional odds all tell the same story, just expressed differently. If you see a “plus” symbol before a set of odds, this means that the team is an underdog to win. Fractional odds can be read as the first number being the potential profit while the second number is the amount you will need to risk for that profit. The biggest difference between fractional and decimal is that fractional tells you the potential profit while decimal tells you the return. Fractional odds are simply decimal odds represented as a fraction.

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.

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 .