Understanding Sports Betting Odds And How To Read Them
The one thing you have to be careful about with decimal odds is making sure you don’t forget that the calculated payout includes the return of your original wager. Even money odds in the decimal format are displayed as 2.0. In this case, a successful $100 wager would return $200 . If the odds are less than 2.0, it means you’re looking at a big favorite. Another way to understand racebook and ADW payout odds is that they show you how much money you stand to win relative to how much you have to risk to win that much. To determine the potential winnings of any bet, multiply your intended wager by the fraction represented by the odds.
The (-) effectively removes 10 points from that team, leveling the playing fields to make it a more equitable bet. At the same time, odds makers have given the Miami Dolphins (+) 10 points because they are the weaker team a.k.a. the underdog. In a professional sports matchup, a point spread is given to each team for sports betting purposes.
All halftime wagers are calculated the same as a straight wager unless otherwise indicated. There are no teaser plays or buying of points on half-times. On half-time wagers, overtime periods are graded as part of the 2nd half. “Will there be a defensive or special teams touchdown” is listed as YES +140 and NO -170. So if you wager $10 on YES and it happens, you win $14 and get your $10 back.
However, if the teams are evenly matched, both teams can have a negative line at the same time (e.g. −110 −110 or −105 −115), due to house take. Whatever the final score of the game turns out to be, New England will have 8 points subtracted from its total if that’s the side you bet on. If you bet on Buffalo’s side, the final score for the Bills will have 8 points added.
Parlays involve wagering on two or more games on the same bet following the casino’s pre-determined payout scale. Each game on a parlay must win for the bet to be a winner. While accumulator odds calculators are available online, you can find this information yourself with a simple arithmetic exercise. If you want to calculate your accumulator odds, first make sure all your odds are in decimal form, and then multiply all the decimal odds together. To find your accumulator bet payout, simply multiply your accumulator odds by the amount you want to wager. Remember, the house edge a sportsbook adds can affect the final payout amount slightly.
They figure out the best way to spend their money before they spend it. The problem is, it doesn’t always work out like they expect. More often than not, bettors end up losing more money than what they put into the “box”.