Understanding Sports Odds
Identify the sort of line you’re looking at. All online sports books offer you the chance to have your lines in an»American» or»Money line» variant. If I were you, I would use this as my regular. An»American» line uses either a + or — before a number to indicate odds. So a -120 plus a +120 are two very different chances on a team… I’ll explain the differences soon. Two other less frequent variations exist: Publish chances and fractional odds.
—Fractional odds are most commonly found in racing. A 10/1 payout should be read»$10 paid for each $1 wagered.» When the larger number is on the left, you’ll find that bet is generally an underdog in the race. Also note, however, that if such as»Who will win the Super Bowl in the NFL?» You will see all the groups listed as»underdogs»… i.e. paying 2/1 (some up to 300/1 or longer ).
Identify your preferred. Lines using a — until the amount (i.e. -200) signal the favorite. A -200 should be read as:»For every $200 wagered, I win $100.» When there is a negative signal, the line must be read with terms of 100. That does not mean that you have to wager that much, it’s just easiest to comprehend! When a + signal is present, just undo the scanning, always in reference to 100:
1) -150: For every $150 wagered, I win $100 ($50 wagered would win $25).
2) +300: For every $100 wagered, I win $300 ($50 wagered will win $150).
3) 100 (can be +/): For every $100 wagered, I win $100 ($50 wagered will win $50).
4) Most commonly: -110: For every $110 wagered, I win $100.
You visit»4″ most often because the extra $10 you need to bet to win $100 is called the»juice» that the books maintain as a charge for making the lineup available to you.
The main thing you can teach yourself early on is:»Just because the books assign one side are the preferred (even big, -200 or -300, favorites), doesn’t follow they will win.» We have all seen favorites become upset, and it is crucial to avoid the temptation of finding comfort in the fact that the lines makers place one team as a favorite.
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