How To Read Sports Betting Odds

Don’t let the thought of a changing point spread scare you, because these changes can work to your advantage. Because oddsmakers will adjust point spreads as they see fit, another way to alter the handicap is by changing the odds slightly. GamblingNews.com provides the latest and most accurate gambling related news online for our readers. Our editorial team ensures we only release quality articles that are readworthy. This is essentially all you need to know about American odds on the face of it.

Once you make your choice, the bet is added to your slip right away. From there, you just have to add in your wager amount and verify everything is correct before clicking submit. It’s important to remember that the odds on the run line won’t necessarily be the same at each operator. For example, DraftKings Sportsbook in Illinois could be offering -125 on a team, but FanDuel Sportsbook may be at -135 for the same choice.

If you bet $100 on the Lakers, you profit $40 over and above the initial stake of $100. So, to actually PROFIT $100 with the Lakers bet, you would need to wager $250. Say you want to make a wager on who will win a specific game. The Tennessee Titans are the underdogs at +185 and the New England Patriots are favored to win at -215. Since the Titans are the underdogs, their profit margin is also higher. For a $100 bet on Titans, you’d turn a profit of $185 for a final payout of $285.

To calculate the return on a 9/2 bet, let’s pretend that we bet $20 at 9/2 odds for a horse race. This means the implied odds are a much higher percentage than the actual 50% probability that we already calculated. A bet on heads here would be a terrible decision with a negative value.

Often, sportsbooks will list money lines with an additional 10 percent, which is the house’s take, called the vig. In that scenario, +110 would win $100, +330 would win $300 and -440 would still only win $100. This also works for the other side of a point spread, the underdog. Any time a bettor can, he or she will want the benefit of having the hook in his or her favor. It’s much better to have an underdog if you’re getting 3 points than just 2.5, or 3.5 points instead of 3.

The US-Bookies team is passionate about the developing sports betting industry in America. Follow us for news, sportsbook offers, market updates, and product reviews. The – and + on a sports betting line indicates both your prospective payout and whether you’re betting on the favorite or the underdog. 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.

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