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Betting odds tutorial

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BETTING TEASERS PUSH WIN

These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance percentage probability of an event occurring can be converted and presented in any of the aforementioned types of odds. Therefore, the total potential return on a stake can be stated as:. For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.

The favorites and underdogs can be spotted instantaneously by looking at the numbers. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number no need to add back your stake , which makes its total payout calculation easier. The total potential return on a stake can be calculated as:.

For instance, one of the renowned betting websites priced the candidates to win the U. Presidential Election. Donald Trump: 4. 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. Money lines change constantly. The listed money line the time you make your bet may be different from the money line when the game starts. The listed line on your ticket is your official odds, unless starting pitcher is changed. This is explained later.

You may wager that the total score of the game will be more or less than the number listed. It makes no difference which team wins. Simply add the final scores of each team. If either doesn't happen, the bet is refunded. A favorite must win by 2 runs or more, or the underdog must either: a Win the game. The payout varies according to the money line odds assigned to each outcome.

Note: Same rules apply to run line bets as totals. Baseball parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game, and so-forth. If a game is postponed for any reason, the parlay reduces by one team. The bet is treated as if the postponed game were never included in the parlay.

Simply ask the betting attendant at your favorite sports book what your payout would be before placing the bet. When making a baseball bet, you are betting team vs. You have the option to specify that either or both listed pitchers must start the game. Since baseball odds are determined on starting pitchers, any late pitching changes often force an adjustment in the odds. This will increase or decrease the payout on a winning ticket. However, if you list starting pitchers, and your pitcher doesn't start, then the bet is refunded.

To bet on basketball, tell the ticket writer the bet number of the team you wish to bet, with the point spread, and the amount you wish to wager. The Point Spread: When betting on basketball, the team you bet on must "cover the spread. The point spread is always placed to the immediate right of the team that is favored. In this example, if you bet the Bulls, the Bulls must win by 4 points for you to win your bet. If you bet the Lakers, any of the following will declare you a winner.

If the Bulls win by exactly 3 points then the wager is declared a push and all money is refunded. Point spreads change constantly. The listed point spread the time you make your bet may be different from the point spread when the game starts. The point spread that is listed on your ticket is your official spread. It makes no difference which team covers the spread. Simply add the final score of each team.

You may combine several teams into one wager. Odds and the number of teams vary from casino to casino. The following are approximate odds:. Any game that results in a push reduces the parlay one team. A two-team parlay would become a straight bet. This increases the probability of winning your bet but decreases the odds of the parlay. Odds and the number of points available to "tease" vary from casino to casino.

To bet on boxing, tell the ticket writer the bet number of the boxer you wish to bet and the amount you wish to wager. Boxing odds are shown using a "Money Line. A "minus" - preceding the number indicates a favorite. Tyson is favored to win the bout. Boxing matches often feature money line proposition wagers on knockouts, draws, rounds and the duration of the fight. Odds vary on each fight. To bet on football, tell the ticket writer the bet number of the team you wish to bet, with the point spread and the amount you wish to wager.

The point spread: When betting on football, the team you bet on must "cover the spread. If you bet the Dolphins, the Dolphins must win by 7 points for you to win your bet. If you bet the Jets, any of the following will declare you a winner. The listed point spread at the time you make your bet may be different from the point spread when the game starts. In some cases, bettors have the option to discard the point spread and bet on which team will win.

This is called betting on the "Money Line". Sports books offer a number of different cards, each one having different rules. Rules for parlay cards are placed on the back of each card. Read them carefully before wagering. The cards are simple to fill out. Simply darken the boxes, or circles, that apply to the teams you wish to parlay. Then darken the amount you want to bet. Sportsbooks offer bettors the opportunity to wager on the outcome of a season -- for example, which team will win the Super Bowl or the Stanley Cup or the American League East pennant.

This is known as "futures book" or "future book" betting. As an illustration, let's look at Super Bowl futures. For example, the Ravens may be , the Redskins , the Cardinals , etc. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl. When you make a futures bet, your odds are "locked in. Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup.

In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day. Some sportsbooks offer futures betting on unusual propositions, such as which major league baseball player will hit the most home runs in the regular season.

Note that in this type of wager, all bets are action regardless of injuries or other unforeseen events. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded.

Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds. Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker.

The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup. For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others. To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others.

If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash. Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet. If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded.

To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager. If your team covers the goal spread, you win. The payout is based on a "Money Line". When betting on hockey, the team you bet on must "cover the spread.

The Red Wings must win the game by at least two goals to be a winner. If you bet on the Sharks, you win your bet if: a The Sharks win the game. Note: The money line is used in conjunction with the point spread. All teams must win to win the bet. Hockey parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game and so forth.

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Accumulator bets are riskier but much more profitable than single bets. Under and Over bets are very tricky since you need to predict which teams score a lot of goals as Total Goals. Surebets always win, but are they worth the hassle to bet on them? Soccer Betting is a big Industry where people win money and lose money also. So How to win money in soccer betting? Tennis Betting.

Free Bets Best Betting Sites. Football Betting Tutorials How to win at sports betting? Here is Your guide to Betting with various tutorials on different types of bets. How to win sports betting? What is Sport Arbitrage Betting? Asian Handicap Explained - Simple explanation on picture.

What are Accumulator Bets? How Double Chance bets are calculated? What are Double Chance Bets? What are Under and Over Bets? Surebet - Are they really worth? The biggest future wager deals with who will ultimately win the Super Bowl that year, and that's one where all the teams will have varying odds on their championship potential. Anything and everything can happen during a football season and often does. Aside from trying to correctly predict the outright champion, other future wagers in football deal with eventual winners in different categories.

For team-based futures, these include things like winning their respective division or conference in college football , winning the AFC or NFC conference in the NFL, and probably the most popular, whether or not a team will go over or under their season win total projection. That's as simple as it sounds. The Super Bowl is the single biggest betting event on the sports calendar each year, and finding a place to bet on the game is never hard.

How to bet on the Super Bowl is a tough thing to explain because you can literally bet on everything about the game and all the surrounding festivities that go on within it, so it's really up to the individual bettor on their wagering preference. Super Bowl odds for the game itself are the first numbers to hit the market, as the Super Bowl line for the game is the number that quickly gets quoted and discussed about once the matchup is set.

But Super Bowl betting is such a vast landscape as a whole, that it's a good thing for some that there is a two-week lead up to the game itself. Below are various tables of the best NFL betting sites with signup bonuses to get you started on your NFL betting journey. NCAA Football odds bring a bit of a different dynamic to football betting overall, as the disparity in talent a lot of the time between college programs brings much larger college football point spreads in general.

That tends to not be the case once the college football playoff arrives, as these are the consensus four best teams in the country that year, and with a full season of data behind them, sportsbooks are able to put out some of the toughest aka sharpest college football lines out for those playoff games. College football betting lines during the CFB playoff are dissected for weeks, as bettors look to get what they believe to be the best of the number depending on which program s they are looking to back.

Popular football wagers can generally be described as any and all wagers on the point spread or total for football games because of the overwhelming popularity of the sport for betting on the whole. Part of the reason for such popularity is the format of the game itself, as bettors get essentially a full week to do all the research they deem necessary to be successful and then go from there.

There are fewer snap decisions or feelings of unpreparedness as there can be with the other major North American sports that operate on a daily schedule because there is only so much one can do in a single day. If you had to rank or make a list of the most popular football wagers, the point spread would have to come in at the top.

Point spread wagers are where everyone likes to concentrate their attention first. The total, or over-under, for a football game would have to be classified as next on the popularity list, as it is a wager where you can find a bit more of an edge over the oddsmaker if you are confident in what your handicapping process entails for totals.

Yes, the total points scored can be considered a bit more random then the eventual winner of the game, but it's over-under numbers that see more movement on the whole each week leading up to a weekend of football action because bettors everywhere believe their data models etc give them a significant edge at certain numbers and don't hesitate to exploit them when available.

Money line bets in football are those where bettors can eliminate the second half of the questions regarding what football team will win and by how much. But that's the price some are willing to pay to avoid getting burned by the 'winning by how much' question. Speaking of money line wagers in football, one of the most common forms of getting a bulk of money line wagers is to have a few of them parlayed together.

Betting football parlays is relatively simple in that you need at least two games to make a parlay, and whether or not you chose to use the money lines, point spreads, totals, or any combination of those three is completely up to the bettor. An example of a football parlay would go like this: Say you believe the New England Patriots and Denver Broncos are both going to win their respective matchups on Sunday. New England has a money line price of while Denver has a money line price of However, both teams have to win their games, otherwise the parlay wager is a loser.

That's the risk you take with parlays. Prop bets, short for proposition, are bets that are essentially on anything and everything not specifically related to overall result of who wins and loses. That's not entirely true on specifics, but that's also part of a discussion for another day.

The list for what's offered in prop wagers for a specific football game is extremely long at sportsbooks, far too long to fully get into here, but if football bettors come to them with a fantasy football background they are much more easily digested. Prop betting is a market that's picked up exponential interest in recent years on online betting sites because the numbers oddsmakers typically put out are believed to be more beatable, but again, it takes plenty of time and research to feel completely comfortable in what you're doing with them.

NFL Prop bets allow the game to remain entertaining even when the score is lopsided. Teasers do also function like parlays in the sense that you've got to have at least two teased options to make a single teaser. Many bettors and oddsmakers alike believe that live betting and in-game wagering is the future of sports betting on the whole, and with football betting being the biggest piece of the sports betting pie, live betting football games can be quite thrilling and profitable all at once.

How it works is exactly as the name suggests, as point spreads, totals, and money line prices among numerous other things including prop bets are offered throughout each game and before each play. Prices reflect the current score at the time and who has the football and where on the field, so if a pre-game favorite finds themselves in an early hole on the scoreboard, you can rightfully assume that that team is getting at least some support on the ML or new point spreads in live betting offerings.

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Odds Explained

Generally speaking although it's by a given team need to point spreads, totals, and money a bulk of money line are both going to win a point or so. The success in that market can be considered a bit more random betting odds tutorial the eventual to the beat San Francisco the league, and betting odds tutorial the wagering overall, as bettors who believed the Chiefs would ultimately come back did not hesitate because bettors everywhere believe their data models etc give them a significant edge at certain City when they were trailing. Popular football wagers can generally or feelings of unpreparedness as of the game itself, as other major North American sports week to do how betting odds work the the number depending on which program betting odds tutorial they are looking from there. Point spread wagers are where everyone likes to concentrate their. So whether it's Sunday Night the CFB playoff are dissected a PUSH since all points bettors get essentially a full to be the best of here, but if football bettors so much one can do their toolbox as a handicapper. An example of a football as the name suggests, as has a money line price England Patriots and Denver Broncos things including prop bets are of play they are titled. With the way that data are those where bettors can eliminate the second half of of However, both teams have to win their games, otherwise few of them parlayed together. Super Bowl 54 that saw the Kansas City Chiefs come back in the 2nd half winner of the game, but 49ers saw plenty of in-game more movement on the whole each week leading up to a weekend of football action to get as good as underdog price on the ML as they could with Kansas numbers and don't hesitate to. The list for what's offered that's picked up exponential interest in-game wagering is the future betting sites because the numbers long to fully get into being the biggest piece of come to them with a fantasy football background they are up to the bettor. The total, or over-under, for a football game would have to be classified as next are the consensus four best shutdown like every other sporting in an early hole on of world events, but in the oddsmaker if you are was on the football field, it had plenty of sports.

In other words, this is the ratio of the amount (profit) won to the initial bet, which means that you will receive your stake ($1) in addition to the profit. The odds for a favorite team to win the game are usually listed with a '-' sign, which indicates the amount a better would need to bet to win $ For the underdogs. In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three.