Gambling Lines Explained
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Sports Betting Odds Explained Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below. Jan 15, 2021 Money Lines If you don’t want to be tasked with doing math during game action, money lines are a bit more conventional. In fact, a money line wager is based entirely on which team wins, and the. Looking at these betting lines explained will help understand how to place most wagers at an online sportsbook today and what the different options mean. Point spread is one of the most common types of sports betting line and also one of the most profitable. The line is a wager on how far apart the scores of two teams will be.
Understanding all types of odds at betting sites is crucial if you want to earn some profit at sportsbooks. Depending on a betting site, you can meet three types of odds – American, Decimal, and Fractional. To learn about the peculiarities of each type, here you have all sports betting odds explained.
Sports betting is extremely popular across the globe. As it has invaded all the countries, numerous international and local-oriented sportsbook sites emerged. Depending on the sportsbook and their own location, punters can meet three types of odds: American, Fractional, Decimal. Understanding the difference between them is important as you have to know whether you are wagering on a likely-to-happen event or not. Thanks to online betting guides for beginners, now you have everything about sports betting odds explained.
You can set up all types of sports betting odds at Vbet
All sports betting odds explained
So, there are three popular types of betting odds – American, Fractional, and Decimal. Predictably, American odds are mostly used at US-based online sportsbooks. Fractional odds are frequently met at British and Irish betting sites. Decimal odds are popular in European countries, Canada, Australia, and New Zealand.
Regardless of the area covered by your favorite sportsbook, it is important to know the difference between all types of odds. The ability to read odds is helpful when you want to wager on events that are covered by international sportsbooks. So, here you have all sports betting odds explained one by one.
American odds
To read American betting odds (or money line odds) you need to know how to differentiate them from the others. Luckily, American odds are easy to reveal as they are written with + and – before the number.
A minus sign (-) is used for the favorites. It indicates the amount of money you have to wager to win $100. At the same time, odds for underdogs are marked with a plus sign (+). They indicate the amount of money you can win for every $100 bet.
For example, you have +385 odds on Detroit Lions to win. To earn a $375 profit from betting on DL aka underdogs, you need to wager $100. If the team wins, you will get back your stake plus $385 – $485 in total.
If you have -175 odds on Detroit Lions to win, the situation is the opposite. To win $100? You need to wager $175. If the team wins, you will get back $175 and earn an extra $100 – $275 in total.
Fractional odds
Now you have Fractional sports betting odds explained. You can recognize this type of odds thanks to a slash sign (/) or a hyphen sign (-). According to the online betting industry news, Fractional odds are the most popular across the globe.
So, if you see 5/1 or 5-1 at a sportsbook site, be sure that you have found Fractional odds. How to read them? In betting, 5/1 or 5-1 means that you win $5 on each $1. The bigger the number on the right, the more winning chances a team has.
For example, let’s suppose that Man City has 10/1 odds to win their next match. As they are underdogs, you will get $100 for each $10 you bet on the club. Additionally, you will get back your $10 stake making your total winning sum $110.
Now, let’s suppose that Man City is predicted to win their next match with 10/11 odds. It makes them favorites, so you will receive only $10 for each $11 you bet (plus your stake is back).
Decimal odds
Finally, Decimal sports betting odds. After learning them, you can go and check the best online sportsbook deals this month, but first, let’s see how to read the Europeans’ favorite type of odds.
Decimal odds are probably the easiest to understand. After looking at them, you will immediately reveal underdogs and favorites. Usually, Decimal odds are written with a dot (.) – 1.25, 5.00, 10.70, etc. The bigger is the number, the fewer winning chances there are.
Gambling Lines Explained Two
How to count your possible profit? Simply multiply your stake by the odds. For example, you have 1.50 odds on Taylor Swift to win Grammys for the Best Album this year. Low-numbered odds make her favorite, so you will get $150 ($100 x 1.5) for each $100 stake with $50 as a net profit.
Gambling Lines Explained Games
At the same time, you can bet on Ms. Swift aka underdog to win the award for Best Collaboration. With her 7.00 odds, you will get a $700 profit if your $100 stake is successful. Any questions?
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