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Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary. These odds may be the easiest of the three to understand just by looking at the numbers. The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite.
The return can be calculated by multiplying the bet with the the decimal odds. Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds. Similar to decimal odds, the return can be determined by multiplying the odds and the bet.
Above, times 2. How do you read sports betting odds? Moneyline Bets A moneyline bet is on the straight-up winner of a game. Spread Bets A spread bet is on the forecasted point differential between two teams. Odds Bet Return Profit Liverpool 1. Which states in US have legal sports betting?
As of , there are 21 states and Washington D. Can you bet on sports online? But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering. When was sports betting legalized? When will sports betting be legal in Indiana?
Sports betting in Indiana was legalized September and online gambling launched a few months later. Is sports betting legal in Indiana? Indiana passed a bill to allow sports betting in and wagering started in October with online betting opening a couple months later. When will sports betting be legal in Michigan?
Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened March Is sports betting legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March Is sports betting legal in Virginia? Sports betting is legal in Virginia and residents began betting via FanDuel in January When will sports betting be legal in Virginia?
When will sports betting be legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Is sports betting legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election.
Is sports betting legal in North Carolina? Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early When will sports betting be legal in North Carolina?
When will sports betting be legal in Tennessee? Tennessee sports betting was legalized in and launched in If Team A is assigned 2 to 1 odds, it means Team B is twice as likely to win. If Team A is assigned 10 to 1 odds, it means Team B is ten times as likely to win. Odds are typically expressed with a positive or negative sign in front of them and are not written as 2 to 1 or 3 to 1.
In a betting line between two teams, the team expected to win, or favorite, will have minus or negative odds. This means for every dollar wagered, you will earn less than a dollar if your bet wins. The team expected to lose, or underdog, will have positive or plus odds. This means for every dollar you wager, you will gain more than a dollar if your bet wins. Louis Blues.
Just like the metric system, dates, and miles per hour mph , Americans do things differently when it comes to betting odds. Take a look at this standard slate of betting odds from for an MLB game. Betting Odds are written in terms of as an industry standard. The easiest way to think of the plus and minus signs is as follows.
Thankfully, you can view your potential winnings on each bet before placing it at an online sportsbook. That said, it is beneficial to understand the betting odds. Green Bay Packers vs. A tie is a push, meaning you don't win or lose.
Definition of bet: A total bet focuses on how many points are scored, regardless of who wins the game. After a total point score has been set, bettors can wager on whether the actual score of the game will be over or under the set point score. Fractional odds are used more commonly in parts of Europe, as well as in horseracing. To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout!
Here are some odds for a fictitious horse race and how you go about reading them. A lot of sportsbooks offer a fractional view if you prefer it to the American odds. Decimals odds are used more commonly in parts of Europe. When using decimal odds, the underdog has the higher of the two numbers, while the favorite has the lower of the two. To calculate decimal odds, you can use the following equation.
In conclusion, American odds are almost always displayed at any United States sportsbook, while fractional and decimal odds are almost always displayed at any sportsbook outside of the United States. Check out our Guides Page to see where sports betting stands in your state!
The odds are essential when selecting a sportsbook because they affect your money. If you choose a sportsbook with poor odds, you will end up wasting money every time you place a bet. Understanding betting odds allows you to decipher between good and bad odds. Look at the odds below offered on five games from the NFL Season.
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Confused yet? What does this mean exactly? Consider it like a fee to broker the wager so that between one winning bet cashing and another losing based on the same , the book will still end up ahead between the two of them. If bettors continuously split bets with the sportsbook and there was no juice associated with them, the book would have a tough time making a profit. Make sense? For a bettor, the is like wagering on a small moneyline but typically with a spread or total involved where you take one side or the other to cover the number.
This is why it definitely pays to shop around for the best lines possible before placing your wager. Because the ultimate goal is to always make the most money you can, putting yourself in position to lay less to win the same amount is one way to help make that happen. Sometimes you may even have to pay a bit of a premium and lay or to back the winning side.
But as long as the bet wins, it does not matter. Losing is what matters, so minimizing losses is critical. Need more winning picks? The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. The moneyline odds for Super Bowl 54 at BookMaker sportsbook looked like this:.
In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite. Since both numbers behind the plus and minus signs were close to , you could tell that both teams were a close match for each other. With odds like this, you could have expected a game full of fireworks. Once you understand the meaning of the signs that you see a lot across the sports betting landscape, it's time to dive into practical matters.
It should be clear that with the American odds, you can make way more bets than simply the moneyline bets. We want to show a few of the most popular examples and point out how to calculate your potential payout. The kind of bets you can start wagering on today are:. We slightly went into the moneyline bets already, but we want to provide a deeper understanding of this type of bet.
To calculate your payout for a moneyline bet, you should know that the holy number is dollars. Let's imagine Bill from Las Vegas wants to place a bet on this match. The odds are as follows:. In this example, the Los Angeles Lakers are the favorite, while the Warriors are the underdog.
Straight bets are types of betting wagers on a single sporting event that carries a point spread, the final score of a game, moneyline, run line or puck line. You might wonder, doesn't that cover basically all games? The difference here is that a bet is only straight up when it regards a single sporting event -- the bet should not cross multiple games.
This term is very common across moneyline bets as they always regard a single game. The point spread bet is there to give bettors the possibility to bet on any kind of match, no matter the skill difference between the two teams. You bet on the difference in the number of points between the two teams. The odds might look like this:. In this example, the negative number indicates the favorite, while the positive number indicates the underdog. Let's say you bet on the Spurs to cover the spread.
For your bet to be successful, the 76ers need to win by at least 2 points. If not, the gamblers who bet the point spread on the Spurs would win. The plus and minus sign are predictive of which team is more likely to win the game, straight-up. Sports bettors put their money on the final score of the match.
The American odds could look like this for this game:. In this case, you should look out for the relative offensive and defensive capabilities of both teams. This is one of the most straightforward bets to understand, but it can be tough to predict. Anyone who places sports wagers now and then is open to taking a risk.