How To Read A Point Spread For Football
2021年5月26日Register here: http://gg.gg/uqak5
*How To Read A Point Spread For Football Scores
*How To Read A Point Spread For Football
*How To Read A Point Spread For Football Score
*How To Read A Point Spread Nfl
Does the idea of using Las Vegas odds in your fantasy football drafts fill you with dread? Do you cringe at the thought of perusing NFL football betting lines before selecting players for that week’s lineup at DraftKings and FanDuel?
Point spreads are often listed with a half-point (ex: 2.5) in order to prevent the final margin from landing exactly on the point spread (ex: 10-point spread, final score of 20–10).
While it makes more sense to have a point spread for sports with a lot of scoring like football and basketball, there are point spread bets for low-scoring sports at online sportsbooks. You may see NHL betting lines with one team favored to win at -2.5 and the same principles for how to cash in on that line are the exact same as other sports. Read below to learn more on betting spreads for NFL, NBA, NCAA Football/Basketball, and Baseball Have you ever heard the term Against the Spread? How about SU (Straight Up) if so than the connotation had to do with sports betting. Bovada Sportsbook – This is my #1 recommended sports betting site for current odds and player props. They are legit, honest and trustworthy and you do not have to have an account to see todays odds. I’ve linked directly to the odds page for current NFL games. Fantasy Football 101 – Guide for one week leagues found at FanDuel and DraftKings. Next, let’s talk about reading the “line” or the “spread.” This is a single number that will be positive or negative based on which team is favored to win, just like the odds. But unlike the odds, this number represents the amount by which a team is expected to win. Perhaps you see a game showing +5.5 for one team and -5.5 for the other.
You’re not alone. A lot of fantasy team owners shudder when they think about using the lines set by Vegas oddsmakers. Doing so seems like too much work and they do not know what they are looking for exactly, or even where to look.
*Bovada Sportsbook – Check Odds Here – I’ve linked directly to the odds page for current NFL games.
That opens up a nice opportunity for you. By reviewing the numbers predicted by oddsmakers, you’ll gain a healthy advantage over your competition. That could spell the difference between winning and losing your next contest. The best part? Using Vegas odds in your daily fantasy football drafts takes a lot less work than you might imagine. It’s essentially a matter of knowing what to look for.
Today, we’ll cover some of the numbers you’ll see when you look up lines on the current week’s NFL games. You’ll also learn which numbers to focus on, as well as which ones to ignore, when you draft players.Related article about how to effectively use Vegas Odds with fantasy NBA. Have you tried out FanDuel or DraftKings yet? They offer legal, one week fantasy contests that pay out instantly. No more season long waits to get your cash. See this weeks Vegas Odds Now!
Also, we’ve recently started to use Monkey Knife Fight! Click here to check out the review!The Moneyline And Point Spread: What Do They Mean?
A moneyline reflects which team is expected to win. The favored team has a negative number following its name. The underdog has a positive number. For example, here’s the line (at the time of writing) for the Titans and Jaguars game for week 3 of the 2019 season:
*Tennessee Titans -140
*Jacksonville Jaguars +120
The Titans are expected to win. If you wanted to bet on them, you’d have to put up $140 to win $100. If you wanted to bet on the Jaguars, you’d put up $100 to win $120.
A point spread reflects not only which team is expected win, but also the number of points by which it is expected to do so. The spread for the Ravens/Chiefs game is currently listed as follows:
*Baltimore Ravens +6
*Kansas City Chiefs -6
If you’re betting on the Ravens to win, their ending score must exceed the Chiefs’ score by at least 4 points in order for you to get paid. If you’re betting on the Chiefs, the Chiefs’ ending score must be no more than 2 points less than the Ravens’ ending score.
At this point, you might be confused. How to deal with gambling loss. After all, the moneyline and point spread are based on the collective performances of the opposing teams. How do you use that information when selecting individual players?
Be patient. We’ll get there in a moment. First, we need to talk about over/unders.Over/Unders In One Week Fantasy Football
An over/under reflects how many total points oddsmakers believe will be scored by the two opposing teams. The over/under for the Ravens/Chiefs game is currently 52.5. That means Vegas oddsmakers are predicting that the teams’ combined scores will equal 52.5 points.
Here again, you may be thinking, “That’s great. But how do I use that number when deciding which quarterback, receivers, running backs, and tight ends to draft?”
Patience. We’re almost there.NFL Player Prop Bets: What Are They?
A prop bet (or proposition bet) is a type of wager placed on whether a particular event will occur during a game. For example, will Andy Dalton throw 2 touchdowns for the Bengals? Will LeSean McCoy rush 87 1/2 yards for the Chiefs?
Like money lines, points spreads and over/unders, player prop bets can influence your draft selections. But you have to know how to use them in order to make informed and inspired decisions.Which Odds Should You Use For An NFL Fantasy Line-Up?
The answer depends on how much time you’re willing to invest into a draft. Some fantasy players are content to just look up the over/unders for that week’s games. A high O/U implies that the opposing teams are going to score a lot of points. That being the case, it makes sense to draft one or more offensive players from the two teams.
The problem with that approach is that it only gives you a limited view. It’s like trying to drive your car while looking through a toilet paper roll. You can see, but you’ll miss the bigger picture.
First, you can confidently ignore the moneyline. It won’t tell you anything more than you can learn from the point spread – at least not in terms of your draft decisions.
Second, it’s definitely a good idea to incorporate the point spread into your draft. I’ll explain how in the next section.How To Use Vegas Odds In Daily Fantasy Football Drafts
Let’s take a closer look at the over/under for the Ravens/Chiefs game. As noted earlier, oddsmakers have set it at 52.5.
By itself, that number doesn’t reveal much about the upcoming game or the individual players that are expected to get time on the field. The over/under indicates a lot of points are going to be scored, but leaves a lot of unanswered questions. For example…
*– how many points will be scored by each team?
*– which quarterback will log the most points?
*– will the points come from the receivers or from an aggressive ground game?
Also, suppose the over/under was set at only 40. Besides suggesting that fewer total points would be scored during the game, what would the lower number imply about individual player performances? You can see how relying solely on the over/under can lead to problems.
Let’s take a look at how to eliminate – or at least minimize – those problems.
Recall that the O/U for Raves/Chiefs game is 52.5. From earlier, we also know the point spread is +/-6, with the Ravens favored by 6 points.
The first step is to figure out how many of the projected points for the night (52.5) are likely to be scored by each team. The math is simple. For each team, divide the over/under in half and subtract half the spread. Here’s the calculation for the Ravens:
(52.5 divided by 2) – (+6 divided by 2) or…
(26.25 – 3) or…
23.25 points
Here’s the calculation for the Chiefs:
(52.5 divided by 2) – (-6 divided by 2) or…
(26.25 – (-3) or…
29.25 points
Based on Vegas oddsmakers’ predictions, we can forecast that the Ravens will score 23.25 points and the Chiefs will score 29.25 points.
The second step is to determine which positions are likely to produce the night’s points. Close games with a high O/U often see the QBs making TD passes. That’s probably going to be the case with the Ravens and Chiefs. Both teams’ quarterbacks are likely to rely heavily on their respective receivers. If you were going to draft players from one or both teams, that’s where you’d want to focus your attention.
But suppose the point spread is larger than +/-6. Let’s say Vegas has set it at +/-9. Here, you might see more action from the running backs, especially if either team is trying to run minutes off the clock. That’s something to consider when creating your lineup. What is a good bankroll for blackjack.A Warning To Relying Too Heavily On Las Vegas Odds In Fantasy Football
You may be tempted to cut corners while looking up Vegas odds. We already covered an example of doing so: using only the over/under to anticipate which players are likely to rock in that week’s games.
Resist that temptation. Otherwise, you’ll only be working with one piece of the puzzle. Without knowing the point spread, it’s too easy to make poorly-informed draft decisions.
Visit Bovada to retrieve the latest Vegas lines. Look for the over/under and point spread for each of the current week’s games. Write the numbers down for easy reference. Then, log into your accounts at DraftKings and FanDuel, and use the numbers you collected from Bovada to create your lineup.
It goes without saying that using Vegas odds is not a guarantee that you’ll win your daily fantasy football contests. The odds are not magic. But they can reveal opportunities you can exploit to build a highly-productive – and profitable! – fantasy squad.
Resources For Proper Odds
*Bovada Sportsbook – This is my #1 recommended sports betting site for current odds and player props. They are legit, honest and trustworthy and you do not have to have an account to see todays odds. I’ve linked directly to the odds page for current NFL games.
*Fantasy Football 101 – Guide for one week leagues found at FanDuel and DraftKings.
*FanDuel v. Draftkings Fantasy Football – The two largest fantasy sites are compared including a fantasy nfl scoring rules chart.
*And just for fun, go check out Monkey Knife Fight – Newer to the DFS games, but we’ve been using them and having a blast!
With more states legalizing sports betting, understanding how to read odds is becoming ever more important.
Understanding betting odds is vital when considering which bets are worth taking and determining if you will be successful or not. If you have no idea about how betting odds work or implied probability, you will likely struggle to make money wagering on sports long term.
Odds are displayed in numerous different formats, but they are easy to understand. Essentially, you use the odds to calculate the implied probability of a particular outcome of a sporting event. There is no need to be a genius with numbers to grasp how sportsbook odds work. However, if you have no knowledge of what betting odds reflect, your chances of winning diminish significantly.
Understanding odds is possibly the most crucial factor in becoming a successful sports bettor. It will determine how much money you want to bet and figuring out which wagers provide the most value. So, if you have read your sports gambling for dummies book and are still wondering ‘how do odds work’? Let’s delve into this odds explained article.American Odds
There are three classic formats in which odds are displayed; Fractional odds, decimal odds, and American odds. In this section, we are going to focus on American odds. Most online sportsbooks will display their odds as ‘American odds.’ There are different versions of sports betting odds, but American odds are the most typically used.
American odds are displayed as either positive or negative odds. The below is an example of an NFL game between the New England Patriots and Seattle Seahawks.
New England Patriots +120
Seattle Seahawks -140
The number in the bracket is the odds for the match. In American betting, there are two components to the odds, a positive and a negative sign and the number that follows the sign. Positive odds reflect your profit, while negative odds reflect the amount of money you would need to bet in order to win $100.
When placing a bet, if the odds are negative, it means the outcome is more likely to happen, so wagering on that outcome would mean the payout would be less than the amount you bet. On the other hand, a positive sign indicates that the outcome is less likely to occur, and the payout would be more than the amount you wagered. Essentially it is showing you who is the favorite and who is the underdog.
The next step is calculating exactly how much the bet pays out, where understanding US betting odds come into play. A listed odd with a – shown in front of it, like in our example above, tells us how much money we need to bet to win $100. So if as above the odds are -140, you would need to bet $140 to make a profit of $100. Alternatively, you could replace the $100 bet with a $10 bet by moving the decimal point across one spot, showing you must wager $14 in order to win $10 in profits.
Any listed odds with a + sign in front informs us how much money you would win with a $100 bet. If we use the +120 odds, a $100 bet on that outcome will pay out $120 in profits. Once again, this can be converted to a smaller or larger bet depending on how lucky you feel. Betting $10 on +120 odds would pay out $12 in profits.24 ratingsReview$600 Risk Free First Bet
*Super fast payouts
*Live streaming22 ratingsReview2 x Risk-Free Bets Up To $2,000
*Multiple bet types
*Huge range of sports & markets
One of the perks of odds in sports and betting with online sportsbooks is that they calculate everything for you before you place your wager. Players can click on the outcome or team they want to bet on, then enter the amount they wish to wager, and it will display how much you could potentially win before you click confirm and submit your bet.How To Calculate Implied Probability
Implied probability reflects the likelihood of a particular outcome, as shown by the odds. Calculating this involves converting odds into a percentage, which then indicates how likely that event will occur against the alternative. It is beneficial to have a grasp of implied probability as if your estimate of the likelihood of an event happening is different from a sportsbook’s; you will need to adjust your bet accordingly.
For example, if you believed one team had a 60% chance of winning, and the implied probability was 52.4%, you should take that bet. In our example of the NFL game above, the Patriots have odds of +120 to win the game, so what is the implied probability of these odds?
Implied probability=100 divided by (120 + 100)
Implied probability = 100 divided by 230
Implied probability = 0.4545
Using this example, the Pats’ implied probability of winning the game is 0.4545 (or 45.45%). So the chances of the Pats winning the game, according to the bookmaker, are rated at 43.45%.
It can be challenging to calculate implied probability, so using the below formula may be helpful:
Risk/Return = Implied Probability Decimal Odds
Decimal odds are the most straightforward to understand. They are mostly used across Europe, so you are less likely to encounter them in the United States. To calculate decimal odds, you will need to multiply the amount you wish to bet by the decimal odds shown to get your payout. Below is an example of how decimal odds are displayed:
LA Lakers 2.40
Chicago Bulls 1.55
If you chose to place a wager on the LA Lakers at 2.40, you need to multiply your $10 bet by the 2.40 odds given (10 x 2.40) to determine that the payout is $24. It is crucial to understand when you read betting odds that decimal style already includes the amount you wagered. Consequently, to find out your potential profits, you need to subtract your wager ($24 – $10), and you will realize your payout is $14 in profits.
If you decided to bet $10 on the Chicago Bulls, again, you would multiply $10 x 1.55, and you will find out you could win $15.50 total or $5.50 in profits. Betting using Decimal style odds is straightforward, but they are not commonly offered in American sportsbooks. However, most online betting sites you come across will give players the option of choosing the style of betting odds they want to be displayed, with American odds typically the default option.Fractional Odds
Similar to decimal odds, fractional odds are more commonly used in Europe, particularly on horse racing in the UK. These may look unusual to an American bettor, as the odds are displayed like 10/5 or 1/2 that you would encounter if you were to watch the Kentucky Derby.
The number of the left (10) reflects how many times the operator expects the relevant outcome to fail. The number on the right (5) shows us how many times the outcome is expected to succeed. For example, let’s look at a soccer match in the English Premier League between Chelsea and Liverpool. The odds for Chelsea are 8/13. This means that if the game took place 21 times (8+13), Chelsea would lose eight times but win 13.
Therefore, the potential winnings are more significant when betting on Liverpool in this particular scenario. When you wager on the underdog in any sporting event, you risk less for a potentially greater total payout.
Additionally, in sports such as the NFL, you can choose different types of bets, such as a point spread, which gives players the chance to bet on which team will win by a specific number of points. The best sportsbooks will offer numerous sports betting options.How To Read Vegas Odds
Las Vegas is known as the gambling mecca of the world. People flock from all corners of the globe to experience the Vegas strip’s bright lights and thriving atmosphere. Before you make the trip, it would be extremely beneficial if you have an understanding Vegas odds.
Odds in Vegas are typically displayed on massive boards, similar to something from the New York Stock Exchange. The boards are updated continuously, giving the bettor all of the up to date information needed to make a sensible bet. There are literally thousands of bets all listed above you as you.
These boards tell us the favorites, the underdogs, total payout, and where the decent money is. It is vital players know how to read Vegas odds in order to make a smart bet. You may think you know the sport you are betting on very well, and understanding how the odds work is equally as important.
The types of wagers you can expect to see in Vegas include:
*Moneyline
*American Odds
*Point Spread
*Totals
*Placing A Vegas Bet
So, you understand reading Vegas odds NFL and the time has come to lay your money down. You will notice another set of numbers on the big boards, and these are known as the rotation numbers. These numbers are assigned to a team so the bookmaker can
https://diarynote-jp.indered.space
*How To Read A Point Spread For Football Scores
*How To Read A Point Spread For Football
*How To Read A Point Spread For Football Score
*How To Read A Point Spread Nfl
Does the idea of using Las Vegas odds in your fantasy football drafts fill you with dread? Do you cringe at the thought of perusing NFL football betting lines before selecting players for that week’s lineup at DraftKings and FanDuel?
Point spreads are often listed with a half-point (ex: 2.5) in order to prevent the final margin from landing exactly on the point spread (ex: 10-point spread, final score of 20–10).
While it makes more sense to have a point spread for sports with a lot of scoring like football and basketball, there are point spread bets for low-scoring sports at online sportsbooks. You may see NHL betting lines with one team favored to win at -2.5 and the same principles for how to cash in on that line are the exact same as other sports. Read below to learn more on betting spreads for NFL, NBA, NCAA Football/Basketball, and Baseball Have you ever heard the term Against the Spread? How about SU (Straight Up) if so than the connotation had to do with sports betting. Bovada Sportsbook – This is my #1 recommended sports betting site for current odds and player props. They are legit, honest and trustworthy and you do not have to have an account to see todays odds. I’ve linked directly to the odds page for current NFL games. Fantasy Football 101 – Guide for one week leagues found at FanDuel and DraftKings. Next, let’s talk about reading the “line” or the “spread.” This is a single number that will be positive or negative based on which team is favored to win, just like the odds. But unlike the odds, this number represents the amount by which a team is expected to win. Perhaps you see a game showing +5.5 for one team and -5.5 for the other.
You’re not alone. A lot of fantasy team owners shudder when they think about using the lines set by Vegas oddsmakers. Doing so seems like too much work and they do not know what they are looking for exactly, or even where to look.
*Bovada Sportsbook – Check Odds Here – I’ve linked directly to the odds page for current NFL games.
That opens up a nice opportunity for you. By reviewing the numbers predicted by oddsmakers, you’ll gain a healthy advantage over your competition. That could spell the difference between winning and losing your next contest. The best part? Using Vegas odds in your daily fantasy football drafts takes a lot less work than you might imagine. It’s essentially a matter of knowing what to look for.
Today, we’ll cover some of the numbers you’ll see when you look up lines on the current week’s NFL games. You’ll also learn which numbers to focus on, as well as which ones to ignore, when you draft players.Related article about how to effectively use Vegas Odds with fantasy NBA. Have you tried out FanDuel or DraftKings yet? They offer legal, one week fantasy contests that pay out instantly. No more season long waits to get your cash. See this weeks Vegas Odds Now!
Also, we’ve recently started to use Monkey Knife Fight! Click here to check out the review!The Moneyline And Point Spread: What Do They Mean?
A moneyline reflects which team is expected to win. The favored team has a negative number following its name. The underdog has a positive number. For example, here’s the line (at the time of writing) for the Titans and Jaguars game for week 3 of the 2019 season:
*Tennessee Titans -140
*Jacksonville Jaguars +120
The Titans are expected to win. If you wanted to bet on them, you’d have to put up $140 to win $100. If you wanted to bet on the Jaguars, you’d put up $100 to win $120.
A point spread reflects not only which team is expected win, but also the number of points by which it is expected to do so. The spread for the Ravens/Chiefs game is currently listed as follows:
*Baltimore Ravens +6
*Kansas City Chiefs -6
If you’re betting on the Ravens to win, their ending score must exceed the Chiefs’ score by at least 4 points in order for you to get paid. If you’re betting on the Chiefs, the Chiefs’ ending score must be no more than 2 points less than the Ravens’ ending score.
At this point, you might be confused. How to deal with gambling loss. After all, the moneyline and point spread are based on the collective performances of the opposing teams. How do you use that information when selecting individual players?
Be patient. We’ll get there in a moment. First, we need to talk about over/unders.Over/Unders In One Week Fantasy Football
An over/under reflects how many total points oddsmakers believe will be scored by the two opposing teams. The over/under for the Ravens/Chiefs game is currently 52.5. That means Vegas oddsmakers are predicting that the teams’ combined scores will equal 52.5 points.
Here again, you may be thinking, “That’s great. But how do I use that number when deciding which quarterback, receivers, running backs, and tight ends to draft?”
Patience. We’re almost there.NFL Player Prop Bets: What Are They?
A prop bet (or proposition bet) is a type of wager placed on whether a particular event will occur during a game. For example, will Andy Dalton throw 2 touchdowns for the Bengals? Will LeSean McCoy rush 87 1/2 yards for the Chiefs?
Like money lines, points spreads and over/unders, player prop bets can influence your draft selections. But you have to know how to use them in order to make informed and inspired decisions.Which Odds Should You Use For An NFL Fantasy Line-Up?
The answer depends on how much time you’re willing to invest into a draft. Some fantasy players are content to just look up the over/unders for that week’s games. A high O/U implies that the opposing teams are going to score a lot of points. That being the case, it makes sense to draft one or more offensive players from the two teams.
The problem with that approach is that it only gives you a limited view. It’s like trying to drive your car while looking through a toilet paper roll. You can see, but you’ll miss the bigger picture.
First, you can confidently ignore the moneyline. It won’t tell you anything more than you can learn from the point spread – at least not in terms of your draft decisions.
Second, it’s definitely a good idea to incorporate the point spread into your draft. I’ll explain how in the next section.How To Use Vegas Odds In Daily Fantasy Football Drafts
Let’s take a closer look at the over/under for the Ravens/Chiefs game. As noted earlier, oddsmakers have set it at 52.5.
By itself, that number doesn’t reveal much about the upcoming game or the individual players that are expected to get time on the field. The over/under indicates a lot of points are going to be scored, but leaves a lot of unanswered questions. For example…
*– how many points will be scored by each team?
*– which quarterback will log the most points?
*– will the points come from the receivers or from an aggressive ground game?
Also, suppose the over/under was set at only 40. Besides suggesting that fewer total points would be scored during the game, what would the lower number imply about individual player performances? You can see how relying solely on the over/under can lead to problems.
Let’s take a look at how to eliminate – or at least minimize – those problems.
Recall that the O/U for Raves/Chiefs game is 52.5. From earlier, we also know the point spread is +/-6, with the Ravens favored by 6 points.
The first step is to figure out how many of the projected points for the night (52.5) are likely to be scored by each team. The math is simple. For each team, divide the over/under in half and subtract half the spread. Here’s the calculation for the Ravens:
(52.5 divided by 2) – (+6 divided by 2) or…
(26.25 – 3) or…
23.25 points
Here’s the calculation for the Chiefs:
(52.5 divided by 2) – (-6 divided by 2) or…
(26.25 – (-3) or…
29.25 points
Based on Vegas oddsmakers’ predictions, we can forecast that the Ravens will score 23.25 points and the Chiefs will score 29.25 points.
The second step is to determine which positions are likely to produce the night’s points. Close games with a high O/U often see the QBs making TD passes. That’s probably going to be the case with the Ravens and Chiefs. Both teams’ quarterbacks are likely to rely heavily on their respective receivers. If you were going to draft players from one or both teams, that’s where you’d want to focus your attention.
But suppose the point spread is larger than +/-6. Let’s say Vegas has set it at +/-9. Here, you might see more action from the running backs, especially if either team is trying to run minutes off the clock. That’s something to consider when creating your lineup. What is a good bankroll for blackjack.A Warning To Relying Too Heavily On Las Vegas Odds In Fantasy Football
You may be tempted to cut corners while looking up Vegas odds. We already covered an example of doing so: using only the over/under to anticipate which players are likely to rock in that week’s games.
Resist that temptation. Otherwise, you’ll only be working with one piece of the puzzle. Without knowing the point spread, it’s too easy to make poorly-informed draft decisions.
Visit Bovada to retrieve the latest Vegas lines. Look for the over/under and point spread for each of the current week’s games. Write the numbers down for easy reference. Then, log into your accounts at DraftKings and FanDuel, and use the numbers you collected from Bovada to create your lineup.
It goes without saying that using Vegas odds is not a guarantee that you’ll win your daily fantasy football contests. The odds are not magic. But they can reveal opportunities you can exploit to build a highly-productive – and profitable! – fantasy squad.
Resources For Proper Odds
*Bovada Sportsbook – This is my #1 recommended sports betting site for current odds and player props. They are legit, honest and trustworthy and you do not have to have an account to see todays odds. I’ve linked directly to the odds page for current NFL games.
*Fantasy Football 101 – Guide for one week leagues found at FanDuel and DraftKings.
*FanDuel v. Draftkings Fantasy Football – The two largest fantasy sites are compared including a fantasy nfl scoring rules chart.
*And just for fun, go check out Monkey Knife Fight – Newer to the DFS games, but we’ve been using them and having a blast!
With more states legalizing sports betting, understanding how to read odds is becoming ever more important.
Understanding betting odds is vital when considering which bets are worth taking and determining if you will be successful or not. If you have no idea about how betting odds work or implied probability, you will likely struggle to make money wagering on sports long term.
Odds are displayed in numerous different formats, but they are easy to understand. Essentially, you use the odds to calculate the implied probability of a particular outcome of a sporting event. There is no need to be a genius with numbers to grasp how sportsbook odds work. However, if you have no knowledge of what betting odds reflect, your chances of winning diminish significantly.
Understanding odds is possibly the most crucial factor in becoming a successful sports bettor. It will determine how much money you want to bet and figuring out which wagers provide the most value. So, if you have read your sports gambling for dummies book and are still wondering ‘how do odds work’? Let’s delve into this odds explained article.American Odds
There are three classic formats in which odds are displayed; Fractional odds, decimal odds, and American odds. In this section, we are going to focus on American odds. Most online sportsbooks will display their odds as ‘American odds.’ There are different versions of sports betting odds, but American odds are the most typically used.
American odds are displayed as either positive or negative odds. The below is an example of an NFL game between the New England Patriots and Seattle Seahawks.
New England Patriots +120
Seattle Seahawks -140
The number in the bracket is the odds for the match. In American betting, there are two components to the odds, a positive and a negative sign and the number that follows the sign. Positive odds reflect your profit, while negative odds reflect the amount of money you would need to bet in order to win $100.
When placing a bet, if the odds are negative, it means the outcome is more likely to happen, so wagering on that outcome would mean the payout would be less than the amount you bet. On the other hand, a positive sign indicates that the outcome is less likely to occur, and the payout would be more than the amount you wagered. Essentially it is showing you who is the favorite and who is the underdog.
The next step is calculating exactly how much the bet pays out, where understanding US betting odds come into play. A listed odd with a – shown in front of it, like in our example above, tells us how much money we need to bet to win $100. So if as above the odds are -140, you would need to bet $140 to make a profit of $100. Alternatively, you could replace the $100 bet with a $10 bet by moving the decimal point across one spot, showing you must wager $14 in order to win $10 in profits.
Any listed odds with a + sign in front informs us how much money you would win with a $100 bet. If we use the +120 odds, a $100 bet on that outcome will pay out $120 in profits. Once again, this can be converted to a smaller or larger bet depending on how lucky you feel. Betting $10 on +120 odds would pay out $12 in profits.24 ratingsReview$600 Risk Free First Bet
*Super fast payouts
*Live streaming22 ratingsReview2 x Risk-Free Bets Up To $2,000
*Multiple bet types
*Huge range of sports & markets
One of the perks of odds in sports and betting with online sportsbooks is that they calculate everything for you before you place your wager. Players can click on the outcome or team they want to bet on, then enter the amount they wish to wager, and it will display how much you could potentially win before you click confirm and submit your bet.How To Calculate Implied Probability
Implied probability reflects the likelihood of a particular outcome, as shown by the odds. Calculating this involves converting odds into a percentage, which then indicates how likely that event will occur against the alternative. It is beneficial to have a grasp of implied probability as if your estimate of the likelihood of an event happening is different from a sportsbook’s; you will need to adjust your bet accordingly.
For example, if you believed one team had a 60% chance of winning, and the implied probability was 52.4%, you should take that bet. In our example of the NFL game above, the Patriots have odds of +120 to win the game, so what is the implied probability of these odds?
Implied probability=100 divided by (120 + 100)
Implied probability = 100 divided by 230
Implied probability = 0.4545
Using this example, the Pats’ implied probability of winning the game is 0.4545 (or 45.45%). So the chances of the Pats winning the game, according to the bookmaker, are rated at 43.45%.
It can be challenging to calculate implied probability, so using the below formula may be helpful:
Risk/Return = Implied Probability Decimal Odds
Decimal odds are the most straightforward to understand. They are mostly used across Europe, so you are less likely to encounter them in the United States. To calculate decimal odds, you will need to multiply the amount you wish to bet by the decimal odds shown to get your payout. Below is an example of how decimal odds are displayed:
LA Lakers 2.40
Chicago Bulls 1.55
If you chose to place a wager on the LA Lakers at 2.40, you need to multiply your $10 bet by the 2.40 odds given (10 x 2.40) to determine that the payout is $24. It is crucial to understand when you read betting odds that decimal style already includes the amount you wagered. Consequently, to find out your potential profits, you need to subtract your wager ($24 – $10), and you will realize your payout is $14 in profits.
If you decided to bet $10 on the Chicago Bulls, again, you would multiply $10 x 1.55, and you will find out you could win $15.50 total or $5.50 in profits. Betting using Decimal style odds is straightforward, but they are not commonly offered in American sportsbooks. However, most online betting sites you come across will give players the option of choosing the style of betting odds they want to be displayed, with American odds typically the default option.Fractional Odds
Similar to decimal odds, fractional odds are more commonly used in Europe, particularly on horse racing in the UK. These may look unusual to an American bettor, as the odds are displayed like 10/5 or 1/2 that you would encounter if you were to watch the Kentucky Derby.
The number of the left (10) reflects how many times the operator expects the relevant outcome to fail. The number on the right (5) shows us how many times the outcome is expected to succeed. For example, let’s look at a soccer match in the English Premier League between Chelsea and Liverpool. The odds for Chelsea are 8/13. This means that if the game took place 21 times (8+13), Chelsea would lose eight times but win 13.
Therefore, the potential winnings are more significant when betting on Liverpool in this particular scenario. When you wager on the underdog in any sporting event, you risk less for a potentially greater total payout.
Additionally, in sports such as the NFL, you can choose different types of bets, such as a point spread, which gives players the chance to bet on which team will win by a specific number of points. The best sportsbooks will offer numerous sports betting options.How To Read Vegas Odds
Las Vegas is known as the gambling mecca of the world. People flock from all corners of the globe to experience the Vegas strip’s bright lights and thriving atmosphere. Before you make the trip, it would be extremely beneficial if you have an understanding Vegas odds.
Odds in Vegas are typically displayed on massive boards, similar to something from the New York Stock Exchange. The boards are updated continuously, giving the bettor all of the up to date information needed to make a sensible bet. There are literally thousands of bets all listed above you as you.
These boards tell us the favorites, the underdogs, total payout, and where the decent money is. It is vital players know how to read Vegas odds in order to make a smart bet. You may think you know the sport you are betting on very well, and understanding how the odds work is equally as important.
The types of wagers you can expect to see in Vegas include:
*Moneyline
*American Odds
*Point Spread
*Totals
*Placing A Vegas Bet
So, you understand reading Vegas odds NFL and the time has come to lay your money down. You will notice another set of numbers on the big boards, and these are known as the rotation numbers. These numbers are assigned to a team so the bookmaker can
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