How To Read Odds

Neither the margin of victory nor the total number of points scored matters to a moneyline bettor. The two most common margins of victory are three and seven points because of the type of scoring in the NFL. Negative odds tell you how much you need to bet in order to make $100 profit if your bet wins. There is a way to use these odds to figure out an exact percentage, however. It’s pretty simple math, but the formula differs based on whether you’re figuring the probability for the favorite or the underdog.

However, if a draw occurs, mostly on soccer, it will be called a “push,” and it will result in the sportsbook refunding your bet. You can calculate the potential winnings and implied probability on the push in the exact same way you would on any other selection. For example, let’s say you bet with DraftKings Sportsbook and you’ve wagered an NFL parlay bet on three matches. You picked the correct outcome in the first two matches and the final match is yet to play. In this situation, some sportsbooks will offer you the chance to cash-out your bet.

The decimal odds format, also known as European odds, represents the multiple of your stake that you will get back for winning a bet. While these are more common at overseas betting exchanges, you may see these at US betting sites. For example, betting on a market priced at 2.5 means you would win two and a half times your stake if your bet were to win.

Calculating EV is simple enough it becomes a secondhand element of sports betting. NY Giants-9NY Jets+9The negative value -9 indicates the Giants are favored by 9 points. The positive value (+9) indicates the Jets are underdogs of 9 points. To place a bet on the favored Giants means they must win by at least 10 points to cover the spread. The underdog Jets can lose by eight points and still cover the spread. If the score is for the Giants, they won by 11 points, which is more than nine, so they have successfully covered the spread and you have successfully won your bet.

The New Orleans Saints have remained within the 3.5-point spread. If one team is expected to win, the odds need to reflect enough enticement for people to place bets on that team. Conversely, if one team is the underdog the odds need to be attractive enough to generate bets to counter all the bets on the favorite. Point Spread odds are when each outcome has a + or a – handicap applied to it. On a ‘line’ of 3.5, one team will have 3.5 points added to their score, one team will have 3.5 points subtracted from their score.

Placing a bet on the run line goes much deeper than figuring out which side is going to win or lose. You also have to factor in the potential margin of victory, and it can take some doing to get used to that. Here are some tips to lean on as you work toward finding consistency with run line betting. The potential return for a winning run line bet is based on what the odds board says. Once you click on your choice and plug in a wager amount, the sportsbook will display the potential return for a winning bet. Milwaukee Brewers+1.5 (-130)Chicago Cubs-1.5 (+110)For this matchup, the oddsmakers have the Cubs as the favorite on the run line.

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