Sports Betting Odds 101
We've put together this fun little quiz to test your American odds skills. Well, it looks like you have some of the basics down but you could still do with brushing up on how odds work before you start placing any big bets.
Or maybe you just got tripped up by that genius Julius American answer! Aha, it looks like you were paying attention after all. This actually translates to 1. They also dictate how much profit a player can make when betting on an event at that particular sportsbook.
They're often heavily influenced by Vegas odds, football in particular. In theory, odds can be shown in any format no matter what the game. In practice, however, the location of the target audience will have some impact on this. For example, NFL odds will virtually always be shown initially, at least in the American format because the viewing audience is predominantly based in the USA. You may not actually need to do this, since most sports betting sites have functions to calculate your potential winnings in real time.
Plus, it will help you to avoid making silly mistakes like placing big bets on events that actually have bad odds. However, most will also have their own teams that calculate odds based on all sorts of criteria, including everything from the location of the match and weather to player absences or injury risks. Odds can change very quickly, sometimes even updating while events are in-play. Our reviews and guides are used by more than , players worldwide every year.
We put gambling sites through a solid reviews process that can sign off on all aspects of security, banking, software and games. We'll only ever list fully licensed and trusted sites that have proven their safety and fairness records to the likes of:. Home Casino Sports Betting Poker. Sports Betting Odds Guide. Sports Betting Odds All elements to the right of this information relate to the college basketball odds for that specific game.
The reason the point spread exists is to make it more difficult for sports bettors to pick a winner. In college basketball odds, as in college football, some spreads can be huge. How big might they be? If a team such as Duke or North Carolina, both of which a powerhouses, plays a club such as Idaho State from the much weaker Big Sky Conference the spread could be 40 points or more.
Without the spread, it would be much too easy to pick the winner. With the spread in place, bookies hope to even out the bets between the two teams.
This is how the point spread works. The team that is favored is listed with a minus or negative sign and a number, while the underdog is listed with a plus or positive sign and a number.
The favorite has points taken away and the dog is given points. In our game where Duke is visiting North Carolina, the spread would be relatively tight since both clubs are national contenders. If you wager on the Blue Devils and they win outright or lose by less than three points, then you win. Bet on the Tar Heels and if they win by three or more points, you win.
If the spread is a whole number, then the contest could end in a tie and that would result in a push. A push means that all bets are off and all cash is returned to the bettors. Note that the payout on a spread wager is not even money 1: The odds are a bit less than even, standing at 0. Next, to the right of the point spread, is the moneyline.
But often the line is part of the odds listing. Thus, the first parts of the line read from left to right in the following manner—date and time of game, rotation numbers and the teams.
These establish the game on which you are going to bet. Everything to the right of the team names is related to the actual odds on the game. The point spread is designed to, in essence, make it tougher for bettors to make the right choice on a game and to even out the odds. In a big mismatch between a top team and bottom team chances are 4 of 5 times most of us can pick the outright winner.
With the spread, a team either has to win by a certain number of points to payoff or it can lose by a certain number of points and still pay the bettor. Spreads work in the following manner—the favorite team is listed with a negative number and the underdog has a positive number. Simply put Boston is a small dog and Miami is a small favorite. More times than not a spread will be listed as a fraction or decimal. This is to prevent a tie in the spread, which would result in a push where all bets are off and all money is returned to the bettors.
In our example if the spread has Miami at The stake, the amount of cash you have to bet when the spread is in effect, is usually the same for both clubs and looks like this: This can be translated into other wagers. Although many people contend the spread bet pays even money, it does not. That means a spread bet is not an even odds wager, which would be shown as 1: It has less than even odds and is actually 0.
It is taken by the sportsbook in the form of a commission, which is known as vigorish or vig. To the right of the spread you may see the moneyline some sites list moneylines separately from the point spread. With the line, the team that wins the game outright pays off.