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Reading Odds The Kinds of Odds VideoSports Betting: How to Read Point Spreads
Reading Odds - BewertungenAls unangemessen melden. Use our betting odds calculator to see what a bet can payout. Anytime fractional odds are displayed at a Faz Forum of less than 1, the bettor must risk more than they intend to win if the wager is a winner. For the novice sports bettor, understanding how sports betting odds work can be one of the most confusing sets of numbers you've ever Spielstand Albanien Frankreich with.
Plus, you will need to learn about the different types of odds out there. So, keep reading to learn about odds and how to understand them. So, the first question to be answered is: just what are betting odds?
And, how are odds used to place wagers? These are the two most important factors when using odds to determine how to place your bets.
Betting odds represent the probability of a specific outcome. And, odds show the profit, or return, that you can get if your bet wins. This likelihood of a certain outcome is additionally known as the implied probability.
You need to know what implied probability is if you are going to bet on sports. Then, you can make an informed bet if the probability of an event occurring is larger than a predetermined implied probability.
Simply put, converting betting odds into probability is the implied probability. When sportsbooks set the odds on a bet, they first determine the chance of winning that bet.
This way, a bookmaker hopes to avoid paying out too much in order to still make a profit. Hopefully, you are following along.
But, they may not be the same type of odds from sportsbook to sportsbook. And, that is because there are multiple kinds of accepted odds on sportsbooks.
The three most common odds formats are:. So, it is really imperative to learn how to read all three kinds of odds. Then, you can understand most of the odds you will find on sportsbooks worldwide.
And that will help you place more informed bets no matter the odds! You will most likely find fractional odds in Europe, not the U.
Fractional odds are most common in the UK in connection with betting on horse races. Fractional odds can be a bit complicated to understand compared to other kinds of commonly used odds.
But, since they are not the preferred choice in America, you will not encounter them often. However, it is still good to know how they work.
A widely used type of odds worldwide is decimal odds. Not Helpful 13 Helpful Not Helpful 1 Helpful 5. When I see a whole number alone on an odds sheet, what does it mean?
Multiplying your stake by decimal odds gives your total return, not your profit which is total return -stake. To get to fractional from decimal, add 1.
Not Helpful 38 Helpful Not Helpful 11 Helpful 7. Not Helpful 45 Helpful 8. Not Helpful 78 Helpful 6. Unanswered Questions. Include your email address to get a message when this question is answered.
By using this service, some information may be shared with YouTube. Betting through bookmakers is illegal in the United States except in the state of Nevada.
It is legal in Great Britain and other countries, where it is regulated. In some countries, bookmaking is only performed by the government.
Bookmakers may also take bets on non-sporting events, such as political elections. Helpful 31 Not Helpful The money line is a simple wager in which the point spread is not determined.
It is based on the odds each side has to winning. Helpful 5 Not Helpful 2. While this article uses dollar amounts, these principles hold for any currency.
Helpful 7 Not Helpful 7. Submit a Tip All tip submissions are carefully reviewed before being published. Related wikiHows.
Co-authors: Updated: February 27, Categories: Probability and Statistics. Article Summary X To read odds, start by finding 2 numbers separated by a dash.
Deutsch: Wettquoten lesen. Thanks to all authors for creating a page that has been read , times. Reader Success Stories Michael Milligan Oct 19, FYI, the stars don't appear to stay selected when I click on them, but I tried to give five stars.
Rated this article:. Stephanie Loss Aug 22, I've tried learning this before, but it's always very confusing. This helped me make sense of it. David V.
Jul 23, This cleared up nearly all of my questions! Mitch Delgado Aug 1, Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world. Betting odds represent the probability of an outcome occurring and the return profit you will receive if your bet is a winner.
It could be the likelihood of all of your final four betting picks being correct. Understanding the implied probability is crucial.
Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability.
But if you would like to learn more about betting odds and alternative odds formats, try this odds converter. The Giants are at odds of to cover the betting line of The probability implied in the odds is You have not found a value bet and should not place a bet on the Giants.
Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins.
William Hill. Betfred Sports. Fox Bet. If you choose a sportsbook with poor odds, you will end up wasting money every time you place a bet.
Understanding betting odds allows you to decipher between good and bad odds. Look at the odds below offered on five games from the NFL Season.
Odds from five different sportsbooks are shown. You'll notice each sportsbook offers different odds for each game. If you were betting on these games, you would be able to find the best odds for your desired bets.
Using this strategy of line shopping will allow you to save money while betting on games. Odds Comparison.
Odds can be used to calculate the implied probability of a team winning or losing a game. You can use a simple math equation to understand what the sportsbook thinks the probability of each team winning is.
In a professional sports matchup a point spread is given to each team for sports betting purposes. When a negative point spread is given to a team, it means they are favorited to win the game.
When a positive point spread is given to a team, it means they are not expected to win the game. A parlay bet is a group of spread, moneyline, or total bets combined into one bet to increase the payout odds.
In order for the parlay to win, each separate bet has to win. Parlay odds offer bigger payouts than normal odds because they are riskier since each individual bet has to win.