If you are a sports fan and want to learn more about betting, this is the perfect place to start.There are literally hundreds of online bookmakers out there, all trying to tempt novice punters into parting with their cash.

But before you rush to the online sportsbooks to place your first bets, it is important to understand exactly how sports betting odds work, as well as how to Calculate sports betting odds and what all the jargon means. The terminology can be quite confusing, especially for a beginner, so let’s start by looking at the different types of sports betting odds and how to read them.

 

The Different Types of Sports Betting Odds Explained


Knowing the odds in sports betting is very important

Odds are basically the chances that something will happen displayed in a numerical format, and it is important to understand exactly what these numbers mean.

Fractional odds

Traditionally, odds were displayed in the form of a fraction or a ratio, such as 5/1 or 9/2 and this method is still used in the UK and Ireland. The easiest way to understand these odds is to think of them as (winnings/stake).

 

Example 1

  • Odds: 5/1
  • Stake: $1
  • Winnings: $5
  • Total return: $6

 

When a bet wins, you also get your stake back, so your total return in this case would be $6. If you place a larger stake, you can just multiply your winnings accordingly.

 


Example 2

  • Odds: 5/1
  • Stake: $5
  • Winnings: $25
  • Total return: $30

 

Odds-on

If a particular outcome in a sporting event is extremely likely to happen, the price may be described as “odds on”. These means that the winnings will be lower than the stake.

 

Example

  • Odds: 1/4
  • Stake: $4
  • Winnings: $1
  • Total return: $5

 

Decimal odds

 

Many websites now use decimal odds when quoting prices. Decimal odds are the standard format in most European countries and many people find them much easier to read because they display your total return for a $1 stake.

 

Example

  • Odds: 6.0
  • Stake: $1
  • Winnings: $5
  • Total return: $6

 

Moneyline

Moneyline odds (sometimes referred to as American odds) refers to the type of odds used by American betting companies. These types of odds can be presented in both negative and positive formats.

If the figure is positive, the number indicates how much you would win if you placed a stake of $100. If two teams are playing, the underdog will have a positive Moneyline.

 

Example

  • Odds: +400
  • Stake: $100
  • Winnings: $400
  • Total return: $500

 

If the figure is negative,the number indicates how much you would have to stake to win $100. In an event with two teams, the clear favourite will often have a negative Moneyline.

 

Example

  • Odds: -400
  • Stake: $400
  • >Winnings: $100
  • Total return: $500

 

If the odds are exactly 50% (sometimes referred to as evens), the Moneyline is displayed as +100. This means that a $100 bet would return a profit of $100.


Different Types of Sport Betting Lines Explained

Spread-betting


Learn the different types of odds and win big in your sports wagering online

If you want to get serious about betting, you need to understand the different types of spread-betting. A “spread” represents the most likely range of outcomes in a certain aspect of a sporting event. For example, a bookmaker may set a spread of 30-40 total points in an NFL game. If you think that this is too high, you can “sell” points below 30. If you think that is too low, you can “buy” points over 40. If you sell low and the points total is less than 30, you win money for each point below the threshold. If the points total is higher than 30, you lose money for every point over the limit.

 

 

Example:

  • Spread: 30-40
  • Bet: Sell $1 per point @ 30
  • Result: 24 points
  • Win: $6

Example 2:

  • Spread: 30-40
  • Bet: Sell $1 per point @ 30
  • Result: 34 points
  • Lose: 4 units

 

If you decide to “buy”, the spread works in the same way but you will win for each point over 40 and lose for each point under 40.

Point Spread

In basic terms, a “point spread”is a handicap or advantage awarded to each team based on the expected winning margin.For example, the point spread in an NFL game could be set at -5 for Team A (the favourite) and +5 for Team B (the underdog). If you back Team A, they would need to win by 6 points or more. If you back Team B, they would need to lose by 4 points or less.

 


Example 1

  • Point spread: Team A (-5) vs. Team B (+5)
  • Bet: Team A to win
  • >Result: Team A wins by 6 points
  • Outcome: Win

Example 2

  • Point spread: Team A (-5) vs. Team B (+5)
  • Bet: Team A to win
  • Result: Team A wins by 4 points
  • Outcome: Lose

 

If Team A wins by the predicted 5 points, this is known as a “push” result and your sports betting spread stake would be refunded.

Total Bets

A Total Bet requires you to predict the total number of points recorded in a game after the scores of both teams are combined. Depending on which bookmaker you use, the total can also include any points that are scored during overtime. The bookmaker will give odds on whether the points total is over or under a certain figure and the gambler can place a bet according to their own prediction. Like in a spread bet, the total set by the bookmaker will reflect the expected outcome of the game.

 

Example

  • Total set by bookmaker: Over/Under 40 points
  • Bet: Over 40 points
  • Result: 41 points
  • Outcome: Win

 

Parlays

A Parlay bet can also be referred to as an accumulator or combination (combo) bet and requires the bettor to place a single stake on the outcome of multiple events. For the bet to win, all the predicted outcomes must be correct and the pay-out can sometimes be very large due to the value of the combined odds. Bets that are push or void results are not counted and the Parlay will still be successful if all the remaining predictions are correct. A common parlay bet would be to predict the point spread and the total points in an NFL game.

 


Example

  • Team A (-5) vs. Team B (+5)
  • Bet 1: Team A to win
  • Totals:Over/Under 40 points
  • Bet 2: Over 40 points
  • Result: Team A (29) vs. Team B (20)
  • Outcome: Win

 

Teasers

A Teaser bet is a variation of the Parlay bet but it is combined with a point spread. By having a point spread, the bettor has an improved chance of winning but the odds are reduced accordingly. This type of bet is common in NFL betting line odds where 7 points is added to the team Point Spread and 5 points added to the Totals Bet. Just like Parlays, Teasers can be placed on multiple events of two or more.

Over/Under

Under or over bets can be related to a number of outcomes including points or runs. For example, you can bet on whether the total run score will be over or under 7.5 in a baseball game. The decimal figure is used to prevent a push result where the prediction is equal to the outcome. The bettor can bet on either outcome depending on their own personal prediction.

 

Example

  • Over/Under runs total: 7.5
  • Bet: Over 7.5
  • Result: 7 runs
  • Outcome: Lose

 

Futures

A future bet is a bet placed on a result well before it is due to occur and normally at the start of a sporting season. For instance, many bettors will place a bet on who will win the Super Bowl before the conference matches have even started. The danger of futures betting is that there is a lack of form statistics available at the start of a campaign and a team may also suffer from injuries and other setbacks during the season.

Proposition

If you place a bet on an event that happens within a game, this is known as a proposition bet. Common examples of this type of bet are betting on which team scores the first touchdown in an NFL match, or betting on the number of strikes thrown by a pitcher in MLB betting.

Master the sports betting odds to play and win in any sports you like

Conclusion

Getting into sports betting can seem a little daunting at first, but as soon as you start understanding how different types of sports betting odds work, the easier it gets. Once you have got to grips with all the different terminology, you can then get to work developing your own sports betting strategies.

If you are already well-informed about a particular sport then you can combine your knowledge with further statistical research to identify high-value betting opportunities. To be a successful gambler, you must be able to make accurate predictions but you must also understand the odds and know when a bet offers good value.

*If you ready to try it out, the below sites would be a good place to start:

Best online odds sites

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