How To Read Odds In Sports Betting

For example, decimal odds of 3.75 will result in larger winnings than decimal odds of 1.75. Sometimes sportsbooks will offer “reduced juice” at certain times or “nickel lines” that drop the -110 down to -105 in an effort to attract more bets. 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 -120 or -130 to back the winning side. Losing is what matters, so minimizing losses is critical. Visit site New customers only, min deposit and bet £10 (£20 if E/W bet) from UK Debit card only.

Let’s finally move onto fractional odds, which are commonly used in the UK and when betting on horse racing. Implied probability refers to the likelihood of a particular outcome suggested by the odds. Figuring it out involves converting odds into a percentage, which indicates the likelihood that event will happen vs. the alternative. The – and + on a sports betting line indicates both your prospective payout and whether you’re betting on the favorite or the underdog. A push happens when a team wins or loses by the exact number of points as the spread states. This means that you don’t win or lose anything, you just get your money back.

Here are some examples of betting odds converted into percentages to find out the probability. These odds quote the net total which will be paid out to the bettor should they win, factoring in their stake. Our betting odds calculatoris free to use and presents the different types of odds. With practice using the guides listed below however, you’ll soon end up converting the odds calculations in your head like a seasoned professional. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened March 2020.

Dog is the team expected to lose, also known as Underdog. Dead Heat is when two or more participants finish with the same results. In this instance the bet is settled under ‘Dead Heat Reduction Rules’ for that event. When a bettor takes a different price in order to get a different line on a game.

If we toss a coin there are two potential outcomes; heads or tails (lets discount the minute possibility of the coin landing on it’s side!), therefore a 50% chance of either happening. If you were betting on the outcome of the coin toss you’d expect odds of 1/1 (evens, 2.0) for either heads or tails. (Of course a bookmaker would build in their margin to any bet, but we’ll discuss that in a future Masterclass). This means you would double your money if your bet wins. A spread is the number of points that a team or competitor is expected to win or lose a game by. A negative point spread implies the favored team while a positive point spread indicates the team that is expected to lose.