How To Read Sports Betting Odds
We have only scratched the surface on reading betting lines, but this is an excellent place to start. One of the first and most important aspects of sports betting every new player must learn is what the different symbols mean. A plus or a minus can mean different things in different situations. They are used for both point spread and money line betting, as well as for the price/juice of each bet. In this particular example, the Oklahoma City Thunder are the outsider or underdog as they have odds with a plus sign at the front . This means if you bet $100 on OKC then you would collect $105 profit, a total return of $205.
To calculate the implied probability you need to convert the odds into a percentage. The odds are what suggest a particular outcome in any match, and the implied probability refers to the prospect of that outcome. Using the +260 odds on the Packers, a $10 bet would payout $26 in profits, plus the return of your original $10 bet for a total of $36 back in your pocket. Instead of choosing two teams to pick from, the possibility of a tie or draw is included. As a low-scoring sport, spreads aren’t always available in soccer.
Should your feeling be strong enough to warrant a monetary backing, you’d look to buy futuresodds on either team. In this case, the ATS market for tonight’s TNF game is essentially a ‘pick em’ game. 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. The casinos sometimes roll it the other way and move lines to -120 or -130 so pay close attention.
If he performs at an MVP level again, there’s no doubt the Packers will have one of the strongest teams this year. Most times, particularly at high levels of professional sport, the competitors have very close talent levels, and therefore the handicap winds up on the smaller side. Take, for example, the upcoming Monday Night Football game between the Las Vegas Raiders and the Los Angeles Chargers.
The simplest way to think about a moneyline is to consider a base bet of $100. A moneyline is a number larger than 100, and it is either positive or negative. A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you were to bet $100.
However, let’s say you backed Clemson University to win on the moneyline in a College Football game. It’s the fourth quarter and Clemson University is losing by a touchdown and don’t look like they’re going to win. You can minimize your loss by cashing out your bet with the sportsbook. For instance, let’s say you’re betting on basketball where the Brooklyn Nets and New York Knicks.