Point Spread Betting

In our new example, the Patriots are listed at -280, meaning you would need to risk $280 for a return of $100 on them. It follows that a winning bet on the Pats pays $100 (plus your initial investment of $280 back). This added risk is why betting the spread is usually more popular, especially on favorites. Learning how sports betting odds work can be intimidating at first, but our guide will teach you how to read odds in no time! This primer is designed for beginners who are curious about common wagering practices and terms. When converted into decimals, the potential winnings include the stake, so you just multiply the stake by the odds.

There are many factors that determine the odds with a particular bookmaker. They could be affected by the profits a sportsbook has made in a certain market. So, it does not always mean that the odds express the possibility of a particular team winning the game. However, when the potential winnings are fewer than the amount of money you need to stake, this is called “odds on”. For example, 4/7 odds is pronounced as “seven to four on”.

Once you’ve read the primer below on reading the odds, you will have no problem navigating these sites. Some books will offer a smaller vig, for example -108 but others will be less generous and wind their margin out to numbers like -112. These numbers are often seen in live betting markets due to the greater perceived risk the sportsbook take on with live markets. There are positives and negatives in the use of all of them.

Las Vegas is the most popular destination if you want to make a bet on college football, where the number of ‘sports books’ is many. 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. Note that even though spreads use the same symbols as American odds, spreads and odds are two distinct things, and it is important to make that distinction. If there is a “-” sign, that means that you are betting on the favorite, the expected winner of the match.

At the most basic level, betting provides you with the ability to predict the outcome of a certain event. In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party stakes three times the amount staked by the second party . Similarly, the +3.50 odds tell you that for each bet you place on the Suns, you stand to win $1 + $2.50 profit. The formulas must be used for positive and negative American odds, and they will allow you to see what the chance of a specific outcome happening is. To help you understand how you can calculate your winnings based on a bet amount, we will now cover the formula.

This makes sense, because you would expect a bet on the underdog to have a higher payout.If you have a hard time with fractions, then see if there is a larger number on top then on bottom. Reading sports betting odds can seem complicated at first glance. The mutuel payoffs lists – so named because TwinSpires uses the pari-mutuel betting system – are another way of indicating to bettors how much money they will receive. Unlike the odds format (ie 1-2, 5-1, 7-2, as mentioned above), the listed mutuel payoff includes the original investment and not just the amount of profit. When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested.