Eli5 Odds For Sports Betting What Do All The Positive And Negative Numbers Mean?
For instance, you might place a future bet on the Red Sox winning the World Series or The Lakers bringing home an NBA championship ring. All of the previous wager types are bets placed on single events. Parlays involve taking multiple bets and bundling them together. This increases the potential payout for each wager, but also comes with an added risk. If even one of your bets is incorrect, you lose the entire parlay wager. You place a wager on whether the total score between the two teams will be higher or lower than the total offered.
Anything between 1 and 2 is a favorite bet and 2 is an even money bet. It’s a no-brainer to take advantage of all this, and abe itself is free to use. The odds are listed in American style, and you can input your desired wager on our site to see how your payouts vary by sportsbook before you make a final decision about your bets. Therefore, again, it’ll take a $110 investment to win $100 on either side of the Total. Finally, we have decimal odds, which are very similar to fractional odds, except without the aid of a denominator.
Data from more than 1,700 bets was used to generate each sportsbook’s comparative odds ranking. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy. If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the odds are changing while the event unfolds.
For example, in a two-way tie aka ‘Dead Heat’, your return would be half of what was originally projected in the Bet Slip at the time of placement. In the scenario above, the game is considered very close, with a slight edge towards the Yankees. It would require a bet of $113 to win $100 on the Yankees, or $107 bet to win $100 on the Red Sox. Even means that both teams are equal and that neither are favored in the point spread. This is also referred to as a pick ’em as it is a straight up, winner-take-all, wager. Futures betting lines include odds on the NBA Playoffs, Super Bowl, betting on the NHL Stanley Cup, as well as conference winners, and division winners across all sports.
In this case, the Yankees are considered a very slight favorite. It would require a $115 bet on the Yankees to produce a $100 profit ($215 total return). The Red Sox would require a $105 bet to produce a $100 profit ($205 total return). The number to the left of the slash is how many times the outcome is expected to fail. The number on the right shows how many times the outcome is expected to succeed. The underdog typically has a higher number on the left, the favourite a higher number on the right.
With the minus-sign, that’s how much you need to bet to win $100. It’s not that hard and understanding this will mean you just mastered a very important principle in sports-betting that will carry you through a lifetime of wagering. There are three major odds formats that you will see on any sportsbook, not just our BetUS sportsbook.