Football Betting Odds Explained

27 June 2021

Bookmakers have teams of traders who set and adjust the odds for each market on their site. For full-game total bets and run-line bets, the game must go the full nine innings. If weather shortens the game, total bets are refunded, even if the over already has been clinched. In general, games become official after five innings, and money-line bets still will be paid for a shortened game, as long as it goes five innings.

Soccer Betting Rules For Overtime

Reading betting lines will give you an edge over the bookmaker. Usually, when a team’s odd is preceded by a plus (+) sign, it means that that team is the underdog, while the favourite team’s odd is preceded with a minus (-) sign. Simply said, betting odds show the likelihood of a specific occurrence. In addition, sports betting odds can be in a fractional or decimal form. These representations will tell us how much money we could be able to win if that particular outcome occurs. Also known as US odds or moneyline odds, American odds are the default betting odds used by American sportsbooks.

Fractional Odds In Action

In NFL point spread betting odds, you might see one team priced at -110 to see post win by more than 9.5 points and the opposing team priced at -110 to get within 9.5 points. Wagering on the action is the ideal way to enhance the excitement you experience when watching a sporting event unfold. However, the world of betting can be confusing for newcomers. You must learn how to read the odds, appreciate the different type of sports wagers available and understand the jargon used in the sports betting industry. You also need to identify the best sportsbooks, so we have highlighted a few excellent sportsbooks before explaining the key wagers available to you. Decimal odds are the most common type of odds outside of North American and the default option on many online sportsbooks.

Online Cricket Betting

Get to know how the different money lines work and you should be able to pick the options that you enjoy more consistently as a result. Point spread outcomes will most often pay this amount because the professional bookmakers are very good at predicting who will win any given game and by how many points. In doing so they are essentially making the point spread wager one that is as close to equal for both sides as possible. When you see a plus sign in front of a number (like +150 for example) it tells you which team is the underdog. You get a higher payout betting on the underdog since they’re less likely to win.

In fact, we prefer not to use them when we bet but that is just our preference. Regardless, we are going to give you a little insight into these lines, as we want to give you insight about all of the common types of odds available. Teaser bets bets are the exact opposite, in that you can adjust the spread to be more favorable, thus lowering your payout but increasing your chances of winning.

Work out your profit based on those odds and then add on your stake which will be refunded. Assume you’re getting 2.1 on heads, if we have the same outcome you will make a profit because you are getting 0.1 of value on each winner. If the coin was heads 500 and tails 500 times and you put £1 on each time, you would have £50 profit because of the odds. There are many unique terms associated with sports wagering. Bookmark our glossary of betting terms and use it as a reference if you come across an unfamiliar word or phrase while placing bets. There are many ways to bet on tennis – all of them offering different ways of winning and getting great returns.

How To Convert Odds

For instance, other websites can offer odds like 3.10 for Bolton to win, 2.10 for Liverpool to win, and 2.90 for both teams to draw. Without stating the obvious, as you keep reading, you will learn how to read bet odds and also how to interpret odds – even at American football betting sites. Also known as negative odds, these betting odds begin with a − sign and follow the opposite formula. Thus, the higher the number’s value, the better the odds of the bet winning.