Sports Betting For Dummies



You can bet on over/under the total number of points scored by both teams. If the total is set at 49, the final score must be more than 49 points to win the over and fewer than 49 points to win the experienced under. A parlay bet is when you combine multiple single bets (spread, moneyline or over/under) into one big bet for a larger payout. If all the bets win, the parlay wins and you receive your payout based on the odds at the time the best was placed. Most common in football and basketball, a spread bet is a wager on a single game with a point spread.

What If The Result Of The Point Spread Is A Tie?

The underdog team or player that’s predicted to lose is usually listed with a plus (+) sign. Essentially, a moneyline bet tells you how much a bettor wins on a $100 wager. The bet either wins or loses depending on whether the side that you picked wins. So the odds of +200, for example, mean that you would make a profit of $200 if you bet $100, and you were correct.

Sports Betting

A point spread is a bet on the margin of victory in a game. Sportsbooks apply the spread concept to way more than just the final score. France -2.5 corner kicks vs. Germany, Chiefs total touchdowns -1.5 vs. the Cowboys. The types of odds are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Straight bet – Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. If you see an odd with a – symbol preceding it, for example, -200, then that is said to be odds on.

Live Betting Odds

As the COVID19 delta variant threatened the US in summer of 2021, the odds to win the Presidency in 2024 shifted. Here is a look at the odds movement from early 2021 to summer 2021, as the landscape changed. Watching the 2024 election odds movement this early in the process has been very interesting, given the changes in the global landscape of 2021 with Afghanistan, COVID-19, etc. In summary, fall 2021 resulted in Donald Trump’s 2024 election odds rising to +350 as the co-favorite with Joe Biden. A look at the latest 2024 Election odds, based on odds from overseas.

If you like the idea of sports betting but not spending money, try playing fantasy football. Keep the point spread and moneyline in mind to determine how much you want to bet. The payout will be based on a combination of the point spread, moneyline, and the amount of money put down by you.

Other Types Of Bets On Ncaa Football

Before you make a wager you should always shop around for the best odds that you can find. A team that is listed at +200 at one sportsbook could be listed at +220 at another site. If you have made a bet on a team or player at +200, then you are locked into those odds.

Part 2 Of 3:making Informed Bets

The more the risk, which would reflect the unlikely chance of something happening, the more you profit if the bet is won. Consider that a team that’s listed at -200 has a 66.66% chance of winning, while a team at +400 has a 20% chance of victory. A teaser bet is the same as a parlay bet, but you can shift the point spread in your favor. The payout is reduced, but your odds of winning increase.

Why Does The House Always Win? A Look At Casino Profitability

All of the legs of the wagers must win for you to win your wager. Baseball Parlays are especially popular with bettors looking for big payday with little down. MLB has so many games each day that Baseball parlays can payout big odds. To calculate the implied probability of Golovkin winning the fight, take the number of times he is expected to win and divide it by the total number of trials . This results in a 61.9% chance Golovkin will win the fight. This is called overround, and it explains why you need to remove the vig from betting lines if you want a more accurate picture of what the oddsmakers expect to happen in the game.

If you click on a link on this site which takes you to a bookmaker or casino and you subsequently open an account, OLBG may receive a commission. Click here to read a discussion about asian handicap strategies on the OLBG Forum. In addition to the Match Result, Asian handicaps can also be applied to total goals, Over and Under betting too. You will see these lines represented with a ‘-‘ for the favoured team, or a ‘+’ for the underdog. In this instance, those betting on Joe Louis are being asked to risk $700 to win $100, while Ray Leonard backers are risking $100 to win $550. Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit.