Betting Odds Explained How do Betting Odds Work

This means that the chances of an event occurring can be converted and presented in any of the odds mentioned earlier. When Anaheim visited St. Louis on December 12th, St. Louis was a slight favorite on the moneyline at -130, while the Ducks were +110. Since St. Louis was the favorite, their puck line was -1.5, and Anaheims’ was +1.5. Therefore, -2 means that a team must win by more than two points in order to cover the spread. If they win by exactly two points, the bet would push and the stake would be returned with no winnings.

Which sports have fixed odds?

If the odds are +130, this means you’ll win $130 if your bet of $100, or more, wins. A page designed for advanced sports bettors looking to improve their chances and skills. Learn advanced sports betting techniques and skills from professional bettors along with examples to make sure you apply each of these new concepts correctly. Furthermore, the integration of cryptocurrencies such as Bitcoin has revolutionized online gambling.

Fractional Odds

The spread can and will vary slightly across different sportsbooks, but 8.5 was the general consensus. That means when a point spread wager on the Titans is placed, Tennessee would have to win the game by 9 points or more, i.e. to cover the 8.5 point spread. On the contrary, spread betting is very useful when betting on underdogs. Sometimes, an underdog line might be too risky for them to win outright, but if bettors feel the game may be close, the spread is a great option. Deposit a minimum of $10 in to your account and place, as your first real money bet after opening your account, any sports wager. Only the first $500 of the first wager are eligible for this promotion. If your Qualifying Bet loses, you’ll receive free bets back in denominations of 10% of the total number of free bet earnings you’re eligible for.

MLB bets can sneak up on you like an inside high heater. Consider Odds Shark your handicapping helmet, here to protect you from those 100 MPH betting fastballs. If you’re on the brink of a Major League Baseball betting meltdown, ourMLB consensus picksand MLB prop betting tutorial should keep those tears nice and dry.

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Backing a popular underdog early on will give you better odds than waiting until the day of the event. Knowing when a bet is good to place is all about finding value in the market. It’s more than betting on who will win a game; it’s considering whether the price/odds of that team/player are truly representative of what is likely to play out. So if the Jets are 2.5 on the moneyline against the Bills, you’d return $2.50 for every dollar wagered, a profit of $1.5 (because that original $1 was included in your return).

The equation you would use to see if Player A would win is listed below. With spread betting, each team is given certain points that they’ll have to meet for you to win. This would mean that the Browns would have to win or lose by less than 3 for you to win and the Steelers would have to win a game by 5 or more points. If the teams tie, then you don’t win or lose any money.