A Detailed Guide To Calculating And Converting Betting Odds

Unlike multiple betting, point spread betting involves using a median number calculated by a bookmaker, when two teams are competing against each other. This article will help to assist readers, sports betting explained in a digestible way, in understanding how to cover the spread and providing examples of its use. Take the Golden State Warriors, for instance, who have run roughshod over the NBA the past few years. It’s been common for them to be favorites on any given night.

Every now and then you’ll come across a game without a spread. This is called a pick’em where each team is given even odds to win the game. Since no points are given or taken away in a pick’em, the team that wins the game is the team that wins the bet. A common question that sports bettors tend to ask is how the odds and lines are set for any given game.

Moneyline odds only calculate the amount potentially won on a bet, and not the total payout. The moneyline system of presenting odds utilizes negative and positive three-digit values to represent which bets are favored or underdogs. A positive number means that a play is considered the underdog. The quantity after the “+” is the amount that will be won for every $100 bet. When it comes to gambling, you won’t be able to find two more essential concepts than odds and probability.

Therefore, the fair price of a two-team parlay (both teams at -110 odds) is +300 (100/(300 + 100). This is why sportsbooks will encourage you to make parlay bets. Also, if the sportsbook offers promotions around parlays, you can sometimes get a better value on the odds. Data from more than 1,700 bets was used to generate each sportsbook’s comparative odds ranking for our 2021 annual review. A special feature of bets with a fractional odds is that the result of a match cannot be a draw, so the better never returns the full bet.

Ignoring alternate lines for simplicity in this example, the options are the Red Sox moneyline at -190 or the Red Sox to win by -1.5 at +106. With odds of -190, the Red Sox moneyline bet would only return $5.26 on a $10 bet. Another difference with runlines compared to point spreads in basketball or football is that the odds play a bigger role in the value of the bet. Sportsbooks often try to match the odds on both sides of a point spread, but because the lines are often set at 1.0 or 1.5 runs, the odds will vary. Baseball isn’t a high-scoring sport like basketball or football, so the runline works very differently from point spreads in those sports.

If Southampton were to play Newport the betting odds would be greatly skewed in the Saints’ favour. And that makes betting on Southampton to win, draw or lose — often termed the 1X2 bet type — not very tempting. What the Asian Handicap does is balance those odds by offering to even out the scoreline. Going back to the Red Sox-Tigers game from above, the moneyline has the Red Sox at -190 and the Tigers at +160.

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