Sports betting odds are what make the betting world turn. Different parts of the world express their odds differently as some use fractions, others use decimals and some times whole numbers. The betting odds determine how much money you will have to lay to win a certain amount. Depending on the odds, you might be laying more to win less, like when you bet the favorite. When you wager on the underdog, you will win more than lay on the game in the event of a win.
Whether you are betting on the pointspread, goal line, puck line or run line, odds are involved. When you wager on the pointspread or total in football or basketball, the odds are typically -110. However, some sportsbooks will increase or decrease the odds instead of the pointspread.This is typical when the pointspread is on a magic number such as 3 or 7 in football.
When you bet on almost another sports or the moneyline, you will see different odds for each outcome of the game.
How do Betting Odds Work?
Before you place your first bet, you must understand betting odds. Betting odds simply tell you how much you have to lay and how much you will win on each outcome of a game. In the United States, odds are displayed as whole numbers in 100s proceeded by a plus or minus sign. The plus or minus sign tells you either how much money you must wager to win $100 or how much you will win by wagering $100. Just as sportsbooks regularly adjust the pointspread in an attempt to equal the money on each side of a game, the odds are also adjusted for the same reason.
Sports Betting Odds Explained
U.S. odds are simple to read. When the odds are preceded by a minus sign, you are being told how much you must lay to win $100. An example of this is -200. This tells you that you will have to lay $200 to win $100. If the odds are preceded by a plus sign you now know how much you will win when you lay a $100. For example, if the odds for a team to win are +200, you will win $200 for every $100 you wager. Depending on the wager type you are making, other aspects might come into play such as the run line, puck line or goal line.