bettings odds explained

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Bettings odds explained waterhouse sports betting

Bettings odds explained

Since the home field is a familiar turf and in front of the home crowd, teams are expected to perform better than they would if they were travelling thus giving them an edge. Line: This is the odds, points, money line, or point spread offered on football games. Linemaker: This is someone that sets the odds, points, money lines, or point spreads for football games.

Oddsmaker: This is another term for the Linemaker. It is the person who sets the odds, moneyline, or point spread for football games. Overlay: This is a term to refer to odds that are higher than they should be.

These odds favor the bettor not the house. Parlay: This is a wager on two or more teams or outcomes where the selections must win in order for the bettor to win. This is particularly important when betting on NCAA football. Player: This is a term that refers to any person that puts down a bet on any given sports event. Point Spread: This is a number of points given to the underdog by the Linemaker in order to handicap the favorite. It can also be thought of in terms of the scoring differential between the two teams.

The point spread is used to even the playing field. Proposition Bet or Props: This is a bet placed on a specific aspect of the game, such as who will score first or how long the longest touch down pass will be. Soft line: This refers to a line that has been adjusted because of the result of an action. It is not the true posted line. Underlay: This is a term that refers to odds that lower than they should be. These odds favor the house and not the bettor. A FREE click is all it takes to help any or all ten of these good causes.

Betting on sports, and college football specifically, is illegal. Congress banned sports betting in while allowing it in four states -- Nevada, Delaware, Montana and Oregon -- that had already been offering it. 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.

That said, if you're planning to visit a state where gambling is legal, and intend to bet, you should at least be armed with some information. First, however, a word of caution: Sports betting can be a fun and profitable venture. However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control.

If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms. Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively.

Say the Bears are a six-point favorite over the Lions and the total is To bet the Bears, you must "lay the points," meaning they must win by seven or more to cover and give you the win. Betting the underdog Lions, you are "taking" six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides "push" and all bets are returned. It's also a push if the final score equals 42, otherwise the over or under will win.

Money line bet - If you are not interested in betting the point spread - although you should be, because it presents the best long-term value - another option available is the money line, in which you lay or take odds relative to the dollar with respect to your team winning or losing. If you like favorites, you're going to be betting a lot to win a little.

The money line will always be listed to the right of the point spread on the odds board in a sports book. Parlays - these might be the most popular bets out there, especially among novice and amateur bettors, perhaps because of the lure of betting a small amount for a potentially big payoff. But they are fool's gold at best. Parlays involve wagering on two or more games on the same bet following the casino's pre-determined payout scale.

Each game on a parlay must win for the bet to be a winner. This is how the sportsbooks make a lot of their money. For instance, let's say you want to bet a two-team parlay. However, the sportsbook is only going to pay you 2.

The house vigorish - and your chances of winning - get worse with the more teams you add. So while some sportsbooks will let you place a teamer with astronomical odds, you probably have a better chance of being struck by lighting - twice - before winning one.

You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers. Teaser bets - The teaser is so named because it, too, looks tempting, but if you allow yourself to get too seduced, you'll usually end up on the losing end.

The teaser bet gives or takes away extra points from the team you back. However, there are some good values with teaser bets if you know how and where to find them. For instance, the six-point teaser is an especially effective bet in the NFL, where most games are tightly contested and six points can make a world of difference.

For instance, in our previous example, the Bears would go from laying six points to simply needing to win if you put them on a teaser bet. Conversely, Detroit backers could get 12 points instead of the starting six. Source: Doc's Sports Service. This page requires JavaScript, which is not enabled on your browser.

Source: Doc's Sports Service When you bet on the money line , you are betting on one side to simply win. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you.

When the point spread was invented in Chicago by Charles McNeil the money line took a backseat. In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game.

Money line bets tend to be even more popular with underdogs. A nice profit can be made if a touchdown or more underdog pulls off an outright win. When betting with a point spread you are wagering that a particular team will win or lose by a certain amount of points. This pays out even-money minus the vigorish, or bookmakers take, which we will later explain further. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back.

These are examples of 'side' betting with a point spread. There are also 'total' wagers that refer to the total amount of points scored by both teams. The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker.

In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds.

The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. These are hard to compute for the punter and are not a great way of showing betting odds explained. You may find that your favourite online betting site presents the odds exactly how you likely them to be.

But sometimes you might need to convert them to understand. Our odds converter tool will allow you see odds in whatever format you like. Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. Hopefully, that is betting odds explained. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win.

To know more about our writers and our ranking method you can learn more about MyBettingSites. We have a Privacy Policy and Cookie Policy. By continuing to use this site, you are providing consent to it. We try hard to make sure that the site is up to date at all times. However, sometimes things happen beyond our control. Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet.

Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. Featured reviews Ladbrokes Review Betfred Review

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The higher the total payout i. In both cases, you get your initial wager back, in addition to the amount won. The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases.

In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament. If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well.

Trading Psychology. Business Essentials. Wealth Management. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts.

Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. A Look at Casino Profitability. Partner Links. Related Terms Currency Binary Option Definition A currency binary option is a way to make very short-term bets on exchange rates. Football betting is extremely popular around the world at the minute, along with horse racing which has long been associated with the betting industry. For illustration purposes, we are going to take a look at horse racing and how you can go about putting a bet on the sport of kings.

You can tell this because the odds are the lowest, which means it has the highest chance of winning according to the bookmaker. To get the percentage chance, you first need to change the fraction into its decimal form, which is 5. Try not to get too bogged down with all of these, because although it might seem complicated, the percentages are more of a guide of how the race may pan out rather than a guarantee.

As you might have guessed by now, there is more to betting on sport than just picking one winner. Most sports bookmakers now offer a full range of betting types, with the most common being:. Each-Way — A win bet and a place bet on the same selection to win or to finish within the specified places. Double — Two selections from two different races. The winnings for a double are the odds of the horses X each other, so the winnings can be much greater.

Treble — A single bet on three different selections in three different races. All three selections must win for your bet to be a winner. Accumulator — a bet made up of four or more selections in one bet. All of the selections must win for your bet to be successful. Trixie — Four bets made up of three doubles and a treble.

You need to make three selections to place this bet. Yankee — This is a bet that requires you to make 4 selections, which will go into 11 separate bets. Six doubles, four trebles, and one four-fold accumulator. Looking back on our imaginary horse race above, you will see there that we used fixed odds. This means that those are the odds that you will be paid out if your selection wins. Punters often refer to this as beating the price. There are a number of factors that can affect this kind of movement from something the trainer may say in a pre-race interview to an increase in people betting on that particular horse.

Keep an eye out for the odds moving and try to place your bet at the best odds available to you.

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The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament. If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well.

Trading Psychology. Business Essentials. Wealth Management. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts.

Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. A Look at Casino Profitability. Partner Links. Related Terms Currency Binary Option Definition A currency binary option is a way to make very short-term bets on exchange rates. Learn About Conditional Probability Conditional probability is the chances of an event or outcome that is itself based on the occurrence of some other previous event or outcome.

Martingale System Definition The Martingale system is a system in which the dollar value of trades increases after losses, or position size increases with a smaller portfolio size. All of the selections must win for your bet to be successful. Trixie — Four bets made up of three doubles and a treble. You need to make three selections to place this bet. Yankee — This is a bet that requires you to make 4 selections, which will go into 11 separate bets.

Six doubles, four trebles, and one four-fold accumulator. Looking back on our imaginary horse race above, you will see there that we used fixed odds. This means that those are the odds that you will be paid out if your selection wins. Punters often refer to this as beating the price. There are a number of factors that can affect this kind of movement from something the trainer may say in a pre-race interview to an increase in people betting on that particular horse.

Keep an eye out for the odds moving and try to place your bet at the best odds available to you. Save my name, email, and website in this browser for the next time I comment. Sign in. Log into your account. Password recovery. Recover your password. Forgot your password?

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