Understanding Sports Odds - Sports Betting Resourses |
Money Lines
On money odds whenever there is a minus (-) you lay that
amount to win a dollar, where there is a plus (+)you get
that amount for every dollar wagered.
Example:
Dodgers: + 150
Phillies: - 160
Player would lay $160 to win $100 on the Phillies.
Player wagers $100 to win $150 on the Dodgers.
Point Spreads
This involves giving or taking points. When reading the odds +
points go to the underdog and - points go to the favorite.
Example: Player wagers on Miami -7 to beat Buffalo +7
If Miami wins by more than 7 points the player wins. If Miami only
wins by 7 points then the game is considered "no action" and all
money is returned. If Miami wins by less than 7 points the wager is
lost.
European Odds
All European football lines are quoted using European odds. European
odds are different from the North American style of odds. In North
America money lines are used to determine the line. European odds
are very simple to understand. Let's say the team you want to bet is
on offer at 4.00.
That means that for every $1 you bet on them, you get back $4 if
they win. That means you have a profit of $3 plus your $1 stake
returned. If you lose, you lose your $1. If the team is at 1.60, you only make $0.60 profit on your $1
stake and you get your $1 stake back.
Some bettors are used to the American system of betting. This is
where odds are expressed as -180 or +300. If you place a bet at
-180, it means that you need to bet $180 to win $100. That is the
same as 1.36 in European sports betting.
Combination Bets (parlays)
A Combination bet, also called
parlay, involves several different propositions. The
customer must correctly choose all the propositions to
win. The customer can combine a minimum of 2
propositions and a maximum of 10.
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