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How To Read Sports Betting Odds

The variations can take some getting used to, but we’ll give you a breakdown on each format of betting odds explained. For every $1 wagered on a team with +200 odds, $2 will be paid out. Odds of +200 or greater are offered on teams that are not expected to win a game. There are a few different variations of Vegas odds boards, but as long as you understand spread, moneyline, and total bets, you’ll be able to find what you’re looking for.

To be able to make any consistent money betting on sports, it is essential to understand everything that goes into making a betting line. Decimal odds are used in most countries outside of North America, so we include decimal odds on our site for punters. If you bet on Jones at -205 you need to risk $205 to win $100 profit and if you bet on Rua to win you’d win $165 profit for every $100 you bet. Using our 60% example, we need to check to see if the odds are going to allow us to be profitable if Jones does win 60% of the time in this fight.

Let’s break it down in the next section with the basics of betting odds explained. A parlay bet is a group of spread, moneyline, or total bets combined into one bet to increase the payout odds. In order for the parlay to win, each separate bet has to win. Parlay odds offer bigger payouts than normal odds because they are riskier, since each individual bet has to win. If you go to Las Vegas or other casinos with sportsbooks, you might see odds laid out in a slightly different format.

To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout. Here are some odds for a fictitious horse race and how you’d go about reading them. Total odds How to read it Over 7 (-115) In order to win $100, you must bet $115 on the overall combined run score to be higher than 7. Under 7 (-110) In order to win $100, you must wager $110 on the total combined run score to be less than 7. The “-13” means that a football team is favored to win by 13 points. For you to win the bet, the team must win by more than 13 points.

So if you bet $130 on San Francisco -3 and they win by 4 or more, you win $230 ($100 plus you money back). This extrapolates up and down, so you would bet $13 to win $10, or $13,000 to win $10,000. Also, depending on how the betting is affected by jurisdiction, taxes may be involved for the bookmaker and/or the winning player.

While the odds will tell you a lot, you should never completely rely on them as there are usually additional factors that are not factored into predicting the final odds and outcome. Odds are calculated in esports mich the same way as they are in most other forms of gambling. That being said, the world of esports is more modern and competitive, therefore there’s more competition out there – excellent for you as a consumer and bettor. FInd out where to find the best esports betting odds and how they work right here at Strafe.com.

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