Sports Betting Odds 101
Or are the odds stacked against you…? Give it a try! We've put together this fun little quiz to test your American odds skills. Well, it looks like you have some of the basics down but you could still do with brushing up on how odds work before you start placing any big bets.
Or maybe you just got tripped up by that genius Julius American answer! Aha, it looks like you were paying attention after all. This actually translates to 1. They also dictate how much profit a player can make when betting on an event at that particular sportsbook. They're often heavily influenced by Vegas odds, football in particular.
In theory, odds can be shown in any format no matter what the game. In practice, however, the location of the target audience will have some impact on this.
For example, NFL odds will virtually always be shown initially, at least in the American format because the viewing audience is predominantly based in the USA. You may not actually need to do this, since most sports betting sites have functions to calculate your potential winnings in real time. Plus, it will help you to avoid making silly mistakes like placing big bets on events that actually have bad odds. However, most will also have their own teams that calculate odds based on all sorts of criteria, including everything from the location of the match and weather to player absences or injury risks.
Odds can change very quickly, sometimes even updating while events are in-play. Our reviews and guides are used by more than , players worldwide every year. We put gambling sites through a solid reviews process that can sign off on all aspects of security, banking, software and games.
We'll only ever list fully licensed and trusted sites that have proven their safety and fairness records to the likes of:. Home Casino Sports Betting Poker. Sports Betting Odds Guide. Sports Betting Odds World Cup outright winner. Amount you plan to bet. American odds are commonly known by at least one other name. Which is the underdog? Why are American odds called American odds? The point spread is 10, with the Lakers as favorites.
The final score is How much do you win? When can American odds be used for wagering real money? You won't be betting on the outright winner, but rather a result that factors in the margin of victory. Let's take a look at sample game lines between the Miami Marlins and Chicago Cubs.
A typical real money run line looks like this:. In this example, the first column lists the team, the second indicates the run line or spread, and the third specifies American style odds.
When assessing the run line, the negative number indicates the Cubs are the favorite. In this case, At the same time, Miami must lose by fewer than 1.
If you are still confused by the baseball odds line, online gambling sites and bookies let you see how much you stand to win by filling out a sample betting card.
Sites also let you view the odds in British or decimal format, which makes it easier to see how much real cash you stand to win at a glance. It's best to use whatever format is easiest for you. Just about every casino online gambling site and bookmaker gives you flexibility in that regard.
Are you looking for a baseball odds line? Online gambling sites and sportsbooks use different terminology. If you encounter a run line or spread, it means exactly the same thing.
When online betting, baseball odds line wagers don't have to apply to the entire game. You can find run lines on just the first three, five, or seven innings. In order to make things particularly interesting when gambling online, baseball odds lines can often be adjusted.
That means if you are willing to bet on a much larger margin of victory, you can often find huge odds. For example, consider the alternative run line for the New York Mets. In this situation, you can choose the margin of victory. Don't forget that first number is the run handicap and the second are the American payouts. That means if you think the Mets can win by more than 4.
When online gambling, baseball odds line prices are often contingent on the starting pitchers. Not only will pitchers for both teams be specified, but your real money wager may be cancelled if a different starter takes the mound. Don't worry if this happens, as your money will be refunded to your account. Yet when shopping for the best baseball odds line in , you can alter your bet by specifying what's known as pitcher action. You'll have the chance to adjust the line so that bets are still valid under various pitching scenarios.
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