Understanding Betting Odds
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.
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.
According to experts, it has some similar characteristics of the Martingale system. As any other negative progression betting system, it involves increasing the wager after a loss is generated, and reducing the bet after a win. Of course, the Martingale system is not the only negative progression system currently used. Other systems that are very popular among players all over the world are the Labouchere system, the Fibonacci system, and the D’Alembert system. Money lines, often written moneylines or money-lines, are also called American odds due to their popularity with US bookmakers.
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.
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.
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.