How to Read Odds Betting Odds Explained

The platform covers a vast range of sports, including popular choices like football, basketball, baseball, and soccer, as well as niche sports for those with specific interests. One of its standout features is its risk-free wagers, which we go into more detail about below. The initial promotion – the one most users will get – is a 50% sports welcome bonus, providing up to $1,000 in bonus bets plus a bonus $10 casino chip. The potential profit for a Milwaukee win would be even higher because you could make a profit of $700 ($100 x (7/1)). With the initial stake of $100 returned, it would result in a total payout of $800. Basically, the number on the left is how much you’ll win and the number on the right is how much you place on the bet. It’s easy to understand but has the chance of starting to get confusing when you start getting into bets with much bigger amounts.

While MLB doesn’t have goaltenders being pulled to increase the probability of an outcome decided by over one goal/run, it does have extra innings where any number of runs can be scored. In hockey, overtime is sudden death so a -1.5 puck line bet is never going to win in NHL overtime. Likewise in hockey, the “puck line” is set at -1.5 for the favorite and +1.5 for the underdog. Whenever betting the puck line, always remember the strong possibility of an empty net goal in the final couple minutes that could flip the outcome of the bet. Since point spreads are volatile, the timing of a bet can be crucial.

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Bettors will find the favored team/player to win on a betting line with a – sign next to their odds. Before making a pilgrimage to Sin City, we recommend bettors read our Vegas odds guide.

How to Read Betting Odds

Movement in the odds depends on multiple factors, including team news, injuries, public betting, recent play, and even the number of games a team plays in a row. If you need to use a bonus or promo code, enter it at this stage. Once you’ve signed up, make your initial deposit, and you’re ready to start NBA betting. You must open an account to bet on basketball at the top NBA betting sites. Also known as pick’em (PK), a 0 point spread occurs when there is no clear favorite or underdog in a game. In this scenario, the winner of the game wins the point spread. Let’s use point spread and say a sportsbook believes that the Cleveland Cavaliers are a 20-point better team than the Washington Wizards.

Sports Odds Explained: American Odds

It might take a little practice, but you’ll eventually get it. Implied probability can be a little difficult to understand and it takes some math to figure things out.

A Moneyline bet is a wager on whether a team will win a game or event. In a moneyline bet, the bettor predicts that a team will win outright.

DraftKings Sportsbook for NBA betting

We’re going to take you through it all step by step right here. All you want to do is make a simple bet but all you can see are an assortment of team names with numbers next to them, all of which, for some reason, are 110 or higher. Some of these numbers have the plus symbol in front of them and others have minuses. At first glance, it can be pretty intimidating and you wouldn’t be the first person to give up right then and there.

Sportsbook bonuses and promotions are key elements that attract and retain players at top betting sites. We evaluated the attractiveness and fairness of welcome bonuses, including deposit matches and free bets. We have rigorously reviewed and ranked the top sportsbooks, taking into account factors like user experience, betting odds, bonuses, security, and customer support. Our number one choice is Bovada, a giant of the industry and well worth its capital at number one. Conversely, positive numbers are attached to the underdog and refer to the amount you could win if you bet $100. You stand to make more money on positive odds, but the chances of a win are lower.

The casinos sometimes roll it the other way and move lines to -120 or -130 so pay close attention. Take a look at which are the sportsbooks with the fastest withdrawal. The same can be said for Over/Under bets because the bookmakers set a line that they hope will get equal amounts of punters above and below their predicted number. Notice how the point spread and the Over/Under are both listed at -110. When you see a -110 line, you can consider it similar to an even money outcome, like a coin flip.

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