Betting Odds Explained
Meanwhile, one wins $9 against each $4 (i.e., 3.25 times) put at stake for Houston to win, which is a bit less probable. Fractional odds are the ratio of the amount won to the stake; decimal odds represent the amount one wins for every $1 wagered. The odds or amounts the bookmaker will pay are determined by the total amount that has been bet on all of the possible events.
If the number is positive, you’re looking at the underdog, and the number refers to the amount of money you’ll win if you bet $100. When you see -150, +230, or any other three-digit number with a +/- in front of it, you’re dealing with American betting odds. There are a lot of ways you can use each-way bets to your advantage when betting futures. Here are a few things to keep in mind to give yourself an edge on the sportsbook.
If there are odds of +170, you would know that a $100 wager could return $170 in winnings, plus you get your initial $100 back. Totals or OVER/UNDER betting is when you wager on the combined score of the two teams competing in any given game, and whether the total will be OVER or UNDER the sportsbook’s prediction. Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake.
Each way operates almost as an insurance policy on a horse you think will win a race or as a good option if you think an outsider has a chance of winning or having a good ride. If you’re looking to discover your potential return from an each way bet, our completely free each way betting calculator is the perfect tool for you. The odds are paid at +200, which means that you will need to put down $100 to win $200. Moneyline odds, as we mentioned above, are not the easiest to understand from a novice’s perspective.
Positive money lines show the profit that would be won from a $100 bet, not including the original wager. Negative money lines show the wager required to win $100 in profit. If either of your combinations wins you will be paid out. The odds are lower than betting on just a single match outcome as there is more chance of winning, but this bet is good for bettors who want to reduce the element of risk. In many ways, decimal odds are easier to understand.
Perhaps the biggest reason to bet the over under is they are generally some of the lowest-vig markets offered by sportsbooks. That is, the sportsbook keeps less of the money they accept , expecting to pay a fairly sizable chunk back to the bettors. That’s how line shopping works, and it’s an important tool at your disposal if you want the greatest chance of winning over/under bets. The concept simply means checking the lines at all of the sportsbooks at your disposal and betting at the one that sells you the best line. From there, the betting market takes the reins, starting with small limits once the markets open.