Whenever you see a minus-sign, that’s how much you have to bet to win $100. In summary, minus + a number means you BET that amount for every $100 you want to win. Plus + a number means you WIN that amount for every $100 you bet. In the above example, the point-spread is 8.5, with San Antonio being the favorite at -8.5 and Utah an 8.5-point underdog.
The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. The good thing about online sportsbooks is that most will show you what the possible win might be. This means you won’t have to do the math because the computer will do it for you.
What are the Different Types of Betting Odds?
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We’re going to look at all three betting types and try to break everything down. Implied probability is when the odds are converted into a percentage. It’s important to know how to calculate these to increase your wins and cut down on losses. Fractional odds are most common in the United Kingdom and is the betting type that can be a little difficult to understand.
Week 15 SNF Prop Bets: Ravens vs Jaguars Game Props
The selection is often robust, especially when high-profile teams play. Once you’ve finished supplying your personal information, you’ll be asked to accept the sportsbook’s terms and conditions. From there, you can claim your welcome bonus, which can come in many forms (be sure to read the requirements of any welcome bonus before using it). For a new account, the BetMGM Sportsbook usually has a bonus of up to $1,500. If your first bet loses you can still get the value back in bonus bets. In the final game of the 2021 MLB season, Game 6 of the World Series, the Astros were -125 to win the game (moneyline) while the Braves were +115. The run line was Astros -1.5 at a +150 price, and Atlanta was +1.5 at -175.
Bet on the Spread: How Does It Work?
Odds Shark has been around for as long as most betting websites, and has earned a prestigious position in an extremely competitive betting market which few can match. To make it easier for you WSN has provided a State by State Guide to clearly show you the info you need to know to start legally betting. Point spread outcomes will most often pay this amount because the professional bookmakers are very good at predicting who will win any given game and by how many points.
By following a single team, you can track its momentum swings, which players tend to get on hot or cold streaks, or how well they play at home vs. on the road. You can use that information to your advantage for both pre-game and live wagers. You can use our NBA odds page (see link above) to find the best lines for your prospective bet, or you can open accounts at multiple sportsbooks and do the shopping yourself. Baseball and hockey are a little bit different because of how few runs and goals are scored in each game, as opposed to football and basketball. Many games in these two sports end up being decided by just one run, or one goal.
We simply provide sports bettors with as much wagering information as possible. Odds Shark’s 101 wagering tutorials are essentially your online gambling bible for everything pertaining to online sports betting. From moneylines to totals, point spreads to parlays, and futures to teasers, Odds Shark is your No. 1 prop stop betting shop. For example, during Week 14 of the 2021 NFL season, the 8-4 Tennessee Titans played the 2-10 Jacksonville Jaguars. If the sportsbooks had been taking bets on each side to win the game at the same exact odds, it would be a no-brainer for the bettor to place a wager on the vastly superior Titans. Common sense and analytics alike say the Titans will win that game well over half of the time, so it would be an extremely profitable bet if the teams were priced equally. This line has now evened the playing field in the contest, meaning both teams now have an equal chance to win with the handicaps imposed.
Placing bets intelligently requires having a good grip on the main types of betting odds and the ability to read and interpret their various formats. In addition to traditional bets, 888sport also offers a variety of innovative betting options, such as live betting, same-game parlays, and in-play betting. This allows you to place bets on the action as it’s happening, giving you more chances to win. Positive (+) and negative (-) odds are a format used by bookmakers offering sports betting services in the US. When you see a team with -110 odds (or -120, -200, etc.) it means they are the favorite to win the matchup and cover the spread. Spread betting works by allowing the sportsbooks to make two teams that are unbalanced to be more balanced.
Player B has decimal odds of 2.20, fractional odds of 2/6, moneyline odds of -400, and an implied probability of 73.3.%. The equation you would use to see if Player A would win is listed below. Understanding betting odds is extremely important and essential if you’re going to have a successful betting career. The good thing is that it doesn’t take much to read odds and the math isn’t too complicated. Odds in different countries differ, but we’re going to focus on American odds.