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. Seven to two odds imply that every $2 wagered could win you $7 if the bet is successful. With fractional odds, the number on the left expresses how much you win, while the number on the right reveals how much you need to stake. In this matchup, there is a big difference between the two odds, indicating a much higher probability of the Chiefs winning the game.
If the sportsbooks had been taking bets on each side to win the game at the same exact odds, it would be a no-brainer for the bettor to place a wager on the vastly superior Titans. Common sense and analytics alike say the Titans will win that game well over half of the time, so it would be an extremely profitable bet if the teams were priced equally. Parlay betting is where you bet on a combination of teams to get the highest returns for your stake. Gamblers can make parlay bets in all sports leagues, but they are particularly common in NBA betting. In this case, you could back four different teams across four separate matches all to win their line bet — with substantial odds reflecting this risk.
What is Margin in Spread Betting?
With a point spread or another line like an over/under. The team you bet still needs to cover the spread, but the American odds indicate how much you need to risk for that bet.
Even though point spreads are used across multiple sports, they’re all read pretty much the same way. For example, football would be goals, basketball would be points, and hockey would be goals. It’ll all depend on the game and if you aren’t sure, you can reach out to the pros handling your money. The simple reason for this is because the sportsbook has the right to shift the odds and spread whenever they want. You have to remember they’ll want to try and come out even, so they’ll shift the odds and spread more towards their favor.
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Above all, it’s an easy way to add more excitement to your viewing experience, by giving you something more to root for. That’s rewarding in itself, regardless of the outcome. Decimal odds are the most popular types of odds and are relatively easy to understand.
A minus sign indicates a bookie’s favorite to win while a plus symbol indicates an underdog. A -250 favorite has a better chance of winning an event than a -150 favorite, while a +200 underdog has a better chance of winning than a +500 underdog. Green Bay is +3.5, meaning they are 3.5-point underdogs. In all areas of sports wagering, a plus-sign always indicates an underdog, with a minus sign indicating the favorite. If you bet on Green Bay at +3.5, a bet on them will win if they either win the game outright or if they lose by a number not exceeding 3.5. For a bet to win on Detroit, they would need to win the game by 4 points.
Negative American Odds To:
The basic formulas vary slightly depending on if you’re betting a favorite or an underdog. For example, you could get paid +150 betting Yankees -1.5 against the Red Sox, and have to risk -200 for Red Sox +1.5 in that same game. The odds dictate how much you have to risk, but not what needs to happen for you to win the bet.
How Does Plus/Minus Work in Sports Betting?
Selections that have strong betting value are always a better pick than ones with a high bookmaker margin. If you win the bet, use everything you’ve won and bet it on a similar 1.10 Over 0.5 Goals bet. Here is a simple step-by-step guide to using the Over 2.5 Goals betting system. Of all the football fetting systems out there, the Over 0.5 Goals strategy is perhaps the most suitable for conservative punters.
You’ll arrive at $32.50, meaning you need to risk that much to win $25. Since the moneyline just requires you to pick a winner, we only need the odds. If you’re betting on Penn State, you’ll win $2 for every $1 risked. Ohio State is the perceived stronger team in this game, so the Buckeyes are the favorite at DraftKings. Based on these odds, Ohio State is expected to win about 70% of the time.