Reading Sports Betting Odds
All it means is, if you were to bet on the Patriots’ +3 point spread at -105 on FanDuel, you’d need to wager $105 to win $100. If you visited SugarHouse and bet on the Chiefs to cover at -6.5, you’d have to bet $109 to win $100. Next to the spread, there’s often a number between +100 and -110. In this instance, abe’s odds give you the best deal across the major sportsbooks, but chances are, you’ll see it closer to or at -110.
Also, if the sportsbook offers promotions around parlays, you can sometimes get a better value on the odds. For every $1 wagered on a team with odds of +100, $1 will be paid out. In other words, if you bet $10 at +100 odds, you will win $10 if your bet wins. If two teams are evenly matched you might see moneyline odds of +100.
We offer informative contents in the form of free articles, news, guides, digital ebooks, courses, reviews, etc. Bookmakers need to change odds constantly as there is always new information that indicates that the game might not go in the anticipated direction. When this happens it will be illogical for the odds to remain the same.
Ohio State is the perceived stronger team in this game, so the Buckeyes are the favorite at DraftKings. Based on these odds, Ohio State is expected to win about 70% of the time. Each sport, from football to baseball to soccer to hockey and beyond, are all played at completely different speeds, which has an impact on how odds fluctuate.
Basically, they’re unique ways of representing the same thing. This means that a fractional odd has its equivalent value in the decimal or American format, and vice versa. Similarly, if you use $10 to stake on NBA match with odd (5/1), your total returns will be $60. This odd system uses a denominator to represent the stake amount while the numerator represents the expected winning.
The underlying theme about ties is that they are no harm to the player or the sportsbook. However, most sportsbooks don’t want to waste their time with refunds like that. Now, you do not have to risk exactly $110 to make this kind of bet. You can bet whatever amount you want, but the payout will scale proportionally from this initial amount. You may have already guessed from the explanation above, but the minus sign next to a number indicates that it is the event favored to occur.