How To Read Odds
Sep 24, · Check out the latest Monday Night Football betting odds >> Football Game Odds. Typically, when looking at football odds, the date and time of the game will be on the left. Then, directly to the right, you will see two numbers. These numbers will be next to the name of each competing team. Those numbers are called the rotation numbers. When you read NFL odds, you’ll first see the date and time of the game on the left and then immediately to the right, there will be two numbers with the name of each team next to one of each numbers. That number is called the rotation number. Rotation numbers are standard from sportsbook to sportsbook.
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Learn more Many people bet on football games based on the point spread of the game while others use the money line odds. There may be various other types of odds you can bet on, but they are usually not as common.
Once you place your bet, watch the game so you can see the results and possibly win big! Tip: The number listed for the favored and underdog teams will be the same.
Tips and Warnings. Related Articles. Method 1 of All rights reserved. This image may not be used by other entities without the express written consent of wikiHow, Inc.
Understand that the favored team must win by more than the points listed to pay out. In this case, the team must win by the next round number of points, which is 5 in this example. Know that the underdog pays out if they win, or lose by fewer points than the spread. Check the point spread odds for which team has a plus sign next to the numbers. If the team wins by any number of points, then you win the bet.
You can also win the bet if the team loses by less than the number of points listed by the bookie. If the team loses by more than the amount listed, then you lose the amount you wagered. Get your original bet back if the point spread results in a how to read football odds betting. If the team you selected wins, then you win the bet. Method 2 of Know that money line odds are based only on which team wins. If you bet on the winning team in a money line bet, then you get paid out.
However, if you bet on the losing team, then you lose the money you wagered on them. If they win the game by any point margin, then you receive your original bet back as well as the amount listed on the odds. Wagers on the underdog how to read football odds betting to be riskier since the team is not expected to win.
Method 3 how to decorate crutches with ribbon Combine your bets into a parlay for how to read football odds betting larger payout. You can only place parlay bets if you already bet on multiple other games. What does k.
g. b mean, if even 1 of the bets you made loses, then you lose the parlay completely. If you think the teams will score more points than the number listed, then bet over. Otherwise, if you think the team will score less, bey under the number listed. Understand prop bets may have different odds. Prop bets can be made on any aspect of a football game and are usually based on a yes or no question. For example, you may bet that a quarterback is going to pass a certain number of yards.
Talk to your bookie about any prop bets to see what the odds how to read football odds betting for them, and make your wager based on them. For example, some people make prop bets on the coin toss during the Super Bowl. Include your email address to get a message when this question is answered. Submit a Tip All tip submissions are carefully reviewed before being published. Helpful 0 Not Helpful 0. Related wikiHows How to.
How to Read Odds for Football Games
Nov 17, · Implied probability = divided by ( + ) Implied probability = divided by Implied probability = So the implied probability of the Lakers winning the game is (or %). In this instance, the bookmakers believe the Lakers are a . The over/under is a total bet that is determined by the number of points scored in a game. Vegas odds will list a total number for every NFL and NCAA football game. As a bettor, you must pick if the total points scored in the game will be over or under this number. The final traditional bet for football games is the point spread.
Looking to start legal online Super Bowl betting? You will need to know how to read football odds. And, learning all about odds is a little more complicated than you would think. That means you will need to understand the difference between many different kinds of odds. Lucky for you, this guide will teach you all about how to read odds and how to understand them. First of all, it is important to check your betting odds before placing your bets.
So, even though you know how to calculate your odds, you may not want to rely solely on your own brain. This betting odds calculator can help you double-check the odds. Now, you may be interested in learning to read odds because you want to bet on a specific sport.
Or, you may want to bet on a variety of sports. However, learning to understand the odds of a sport will prepare you to bet on other sports. So, if you learn to understand football betting odds, you should be prepared to read odds for basketball too. This is because odds are more about determining bets than they are specific to the sport.
And, odds are trying to tell you the probability of a certain outcome. Typically, when looking at football odds, the date and time of the game will be on the left. Then, directly to the right, you will see two numbers. These numbers will be next to the name of each competing team.
Those numbers are called the rotation numbers. Rotation numbers tend to be the same from sportsbook to sportsbook. That way, it can reference the team and the game without having to directly refer to them.
And, it allows for sportsbooks to list their football bets in the same order. Usually, the point spread will be listed first. After, you may see the moneyline. Keep in mind, the order the odds are listed may differ from sportsbook to sportsbook. It is important to look up what your sportsbook of choice has chosen to do with their sports listings. Then, you can make the most of your bets. Now, you may still be wondering, what exactly are betting odds? And, how do I use them to place my bets?
Well, this betting odds guide will help you learn the exact definitions you need. Betting odds are numeric representations of the likelihood of a certain outcome. Plus, they represent the return, or profit, that the bettor will receive with a winning bet. This outcome probability can also be called implied probability. Being able to understand the implied probability is very important when sports betting. It allows you to place your wagers only in situations where you have determined the likelihood of an outcome happening is greater than the determined implied probability.
So, now you might be even more confused. If you have looked at retail sportsbooks and online sportsbooks, you may have seen a whole slew of odds. And, not all of the odds may have looked the same. In order to fully understand how to read odds, you will need to understand all three types of odds. You may not know the types of odds that will be chosen for different sports and different sports events.
So, understanding the three main types is crucial. American Odds are also known as Moneyline Odds. They are shown as either positive odds or negative odds. Plus, the Los Angeles Lakers have odds. Plus, most sportsbooks will have American Odds listed. But, you will want to understand the other odds that you may find on sportsbooks both retail and online.
So, now that you understand the different types of odds, you will need to learn more before placing your bets. Understanding how to calculate implied probability is especially important. This way, you will know the likelihood of certain outcomes in sports betting.
When you want to calculate the implied probability using positive American Odds, it should be pretty easy. So, with the odds from the American Odds example above, here is an illustration of how that would work. This means that the implied probability that the Boston Celtics will win the game is 0. Accordingly, bookmakers believe the Boston Celtics have a Now, the steps are different to calculate the implied probability for negative American odds.
But, they are still fairly simple. So this means that the implied probability is 0. This means that the Los Angeles Lakers have a If you want, you can place your wager on the underdog, or the team most likely to lose.
This is known as betting against the odds. This is the original amount that you wagered, plus profit. And, it is quite a profit. As you can see, betting against the odds can earn you quite a profit.
However, the odds of this type of bet paying off are much lower than if you bet on the team favored to win. So, you should only bet against the odds when you are fairly certain you will win. Fractional Odds tend to be found more often in Europe than in the United States.
Typically, they are popularly used in United Kingdom horse race betting. Fractional odds show that you will receive your profits in proportion to your stake. Here, we will use the same sports game example from above to illustrate Fractional Odds. This means that for every three dollars you wager, you will get a profit of four dollars.
So, it is lucky that they are not used as often as the other odds in the United States. However, it is still important to understand them. Finally, we have reached our third type of odds that we will be exploring. Decimal Odds are a type of odds that are very popular. You can find Decimal Odds used in countries around the globe. Many sportsbooks that you will find online will use Decimal Odds. Now, this sounds more complicated than it actually is. So, we will use the same sporting event example from above to illustrate decimal odds.
So, say the Boston Celtics have 3. So, as illustrated above, decimal odds are pretty easy to understand. And, they are easy to calculate. That makes decimal odds a pretty easy yet important odds type to understand. In order to place bets that will be profitable, you should only put down your money when there is value. So, we can illustrate this using our example from above. That means we should only place a wager if we can tell a team has better odds to win than are shown by the odds.
So, if you think the Lakers have a better chance to win than Or, if you think the Celtics have a better chance to win than Now, you have learned about the three most popular types of odds. And, each type of odds has its own meaning. Plus, you have learned how to use these types of odds to your benefit. And, you now know how to calculate implied probability. So, you can use these tools to place the best wagers available.
But, you should still make sure to do your research before placing your bets. You will want to know specifics about the teams and sporting events involved. That way, you can decide when to bet against the odds. However, now that you have all this information, you are more prepared to jump into sports betting. Plus, you should be able to calculate the amount of profit you can earn with your bets. And, that will make you the best bettor that you can be.
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