How to Read on and Off Bets

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If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly summate the potential winnings for different bets, specially if the odds are changing while the event unfolds. Odds tell you the likelihood that an event volition occur (a team wins, a boxer makes information technology a certain round) and how much will be paid out if yous win. There are, however, multiple means to convey this information.

1. 1

   Know that odds tell you the likelihood of an outcome. Odds represent which team, horse, or athlete has the highest probability of winning. While there are different ways to write odds, they all indicate how likely one outcome is in comparing to another.

   • Ex: When I flip a coin, it is just every bit probable that I flip heads every bit tails. The odds are equal, or one to ane.
   • Ex: If there is an 80% chance of rain one day, then at that place is a 20% chance it will non rain as well. The odds are 80 to 20. Otherwise put, it is four times more likely that it will rain than stay sunny.
   • Considering circumstances may change spontaneously, odds may change as well. They are not an exact scientific discipline.

2. 2

   Read sporting odds every bit the likelihood that one team, athlete, or horse, will win. The most common utilise of odds is constitute when placing a bet on a sporting event. Betting agencies utilise historical data and team statistics to predict who is more than likely to win.

   • Whoever has the highest odds is considered the "favorite." If the odds are low, it means that issue is not likely to occur.

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3. three

   Remember that lower odds return a college turn a profit. Betting on the underdog is riskier than betting on a favorite, but a college risk ways a college potential reward.

   • The "longer the odds," or the less likely, the more than coin you could win.

4. 4

   Learn the vocabulary of odds when betting. Many racetracks and betting establishments volition accept a booklet or pamphlet helping you larn terminology, merely you lot should understand the lingo before yous read odds. Some of the basic words include:

   • Action: A bet or wager of whatever kind or amount.
   • Bookie: Someone who accepts bets and sets odds.
   • Chalk: The favorite.
   • Hedging: Placing bets on the team with the high odds, and the low odds, to minimize loss.
   • Line: On any issue, the current odds or point spreads on the game.
   • Wager: The money you pay, or take chances, on an outcome or result.

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1. one

   Know that odds at the track tell you lot amount of profit you volition brand per dollar spent. Odds of three-v bespeak that your turn a profit volition exist 3-fifths of a dollar. In other words, for every $5 you bet you can win $three in profit.

   • To decide profit, multiply the corporeality you bet by the fraction. If I spend $15, then my profit for winning is $9 (xv 10 three/5).
   • Ex. If I successfully bet $15 on a horse with 3/v odds of winning, the payout would be $24 ($fifteen + [15 10 3/5])

2. 2

   Understand that fractions greater than one mean a team is an underdog. This makes sense, because yous would wait a bet on the underdog to have a higher payout.

   • If you have a hard time with fractions, then come across if there is a larger number on tiptop then on lesser. If so, that squad/equus caballus is not expected to win.
   • When y'all bet for the underdog, it is called betting "against the odds." For example, if odds are iii/one for the Cowboys this Sunday, so it is 3 times more likely that they volition lose than win.
   • Odds of iii-i indicate that if you bet $100, you will win $400, the original amount of your bet plus the profit. Odds of 1-3 will win y'all $33 on a $100 bet, or $133.

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1. 1

   Know that moneyline bets only business organization what team will win the game. Odds are presented as a positive or negative number next to the team'south name. A negative number means the team is favored to win, while a positive number indicates that they are the underdog.

   • Ex: Dallas Cowboys, -135; Seattle Seahawks, +135. This means the Cowboys are the favorites, but pay out less money if a bet on them wins.
   • Attempt out an online to cheque your math when you outset become started. Soon enough information technology volition be 2nd nature, but for now ask a friend or search for a calculator that fits your betting needs.

2. 2

   Know that positive odds indicate how much profit you lot win per $100 spent. You lot also get the money you bet back. Then when you bet $100 on the Seahawks, who are valued at +135, then yous make $235 if they win.

   • If y'all bet $200, y'all volition make twice as much turn a profit. To calculate how much profit you make per dollar spent, divide the corporeality you are going to spend past 100.
   • Multiply this number by the moneyline to see your potential turn a profit. If I spend $l, I volition make .5 (50/100) of the moneyline if I win. On +135 odds, I would make $67.50 turn a profit off of a winning bet.
   • Ex: If I spend $250 on the Seahawks (+135), I would earn $587.50 ($250 + $135 x [$250/$100]) if they win.

3. iii

   Empathize that negative odds indicate how much money your must spend to make $100. When betting on the favorite, you have less hazard, and thus earn less. When betting on a favorite, the moneyline is the amount of money you need to spend to make $100 profit. In the previous example, in order to brand $100 of turn a profit betting for the Cowboys, yous would need to spend $135. Similar positive odds, you earn back your bet when winning.

   • To calculate profit, divide 100 by the moneyline to find out the profit made per dollar spent. If the moneyline is -150, then you volition make $.66 for every dollar you bet (100/150).
   • Ex: If the New York Giants are favored to win -150, and I spend $90, I would make $150 full ($90 + $ninety x [100/150]).

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1. i

   Observe that point spreads adjust the score for the favorite team. This is easiest to meet with an example: If the New York Knicks are playing the Boston Celtics, and Boston is favored to win by a iv-bespeak spread, then a bet on Boston only pays out if Boston wins past more than iv points. A bet on New York pays out if New York wins or if they lose by less than iv points.

   • If the favorite wins past the spread exactly, it is called a "push" and all bets are refunded. In the case, if Boston wins 88-84, and so it is a button and no one collects a profit.
   • If you see "one-half-odds" (a 4.5-indicate spread, for example), this is to make a "push" incommunicable.
   • When the spread is small, moneyline bets are often better since the spread does not signal a clear underdog. ^[1]

2. 2

   Inquire your bookie nearly the "vig," which determines your potential turn a profit. Too known every bit the "juice," the vigorish is the commission charged for placing a bet. Typically the vig is -110, and y'all read this number like a moneyline bet (see to a higher place).

   • On a vig of -110, I must bet $110 to make a $100 profit.
   • Continuing the example to a higher place, say I placed $110 on Boston, and they win 96-90 on a four-point spread. Because they won past the spread, I would make $210 ($110 + $100).
   • Sometimes in that location are unlike vigs for each team. A line from before might look like this: Boston -half-dozen, -125; New York +6, -110. This means you have to bet $125 on Boston to earn $100 considering there is less take chances betting on Boston.

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1. 1

   Know that Over/Nether bets are placed on the combined score of both teams and are much simpler to place. A bookie sets the Over/Under, and you simply choose if the combined score will be higher or lower than that mark. Over/Under bets are often less risky and complicated than other forms of betting.

   • If the O/U is 198.5 points and y'all bet over, then any combined score from 199 points and upwards will pay out.
   • If the score is exactly what the bookies set, then the bet is a push and everyone gets their money back.

2. 2

   Most payouts for Over/Nether bets are even, meaning that if you lot wager $100 you win $100 turn a profit.

   • Make sure to cheque this with your bookie first, however.

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Add together New Question

• Question

  What does -13, for example, mean in football?

  

  The "-13" ways that a football game team is favored to win past thirteen points. For you to win the bet, the team must win by more than 13 points.

• Question

  If the odds are five/3, and I bet $100, what is the payout if I win?

  

  five/3 odds equates to a +166 money line bet, meaning a $100 bet would return $266 (your original $100 bet plus $166).

• Question

  What does information technology mean if, in the presidential election, I run across one candidate with a 175 and another with a +225?

  

  The 175 should read -175. (-) means y'all pay and (+) means you become. So for -175 you pay $175 to get $100 (in addition of your initial bet $275 in full) and for +225 you get $225 when y'all bet $100 ($325 in full).

• Question

  If someone bets $l, and the odds are -120, what is winnings/loss?

  

  -120 means the team is the favorite to win, so you have to put up $120 to win $100 (plus your original bet). A $120 bet would return $220 (original bet of $120 plus the $100 you won). Betting $fifty on a -120 coin line would return your original bet of $l plus winnings of $41.66, or $91.66 full.

• Question

  What does 2/eleven odds hateful?

  

  Your turn a profit is *two/11. And so if you wager $110 and win, you'll get $130 back, a $20 profit.

• Question

  What does odds of nine to four mean on a baseball team to win the Globe Serial?

  

  If the odds are 9/iv and yous wager $100, you divide the $100 by the final number (4) so this would be $25. Then multiply it by the outset number (9), which would come up out to $225 as your turn a profit fabricated from the $100 y'all bet. Add the bet yous fabricated & the turn a profit made by the bet. So the terminal taking would be a total of $325.

• Question

  When I see a whole number lone on an odds sail, what does it mean? For example, instead of three/5, the odds are shown as 15 or 25.

  

  If you're seeing 15 or 25 instead of 15/ane or 25/1, you're seeing a decimal grade of odds, equally opposed to fractional. Multiplying your stake by decimal odds gives your total render, not your profit(which is total return -pale). To get to partial from decimal, add 1. So 3/1 fractional = iv decimal (only 4). 4/half dozen frac = (4/6+1) dec = x/6 = v/three, or 1.666, which is rounded to 1.67 by bookies. To become from decimal to fractional, subtract ane(which makes sense from profit = total return - pale) And then fifteen dec = 14/i frac. 2.33... dec = 1.33/one, or 133/100.

• Question

  What practise 2/9 odds hateful?

  

  Your turn a profit is *2/9. So if you wager $110 and win, y'all'll get $134.44 back, a $24.44 profit.

• Question

  What nigh a 4/5 odds, and how would y'all come up with the money line number?

  

  1 + 4/5 = 1.8, so on a $100 bet, your have habitation would exist $100 (original wager) plus $180 (winnings), or $280.

• Question

  What does -iii mean on a betting slip?

  

  -3 means the squad is the favorite to win, so you accept to put upwards $three to win $100 (plus your original bet). A $three bet would return $103 (original bet of $3 plus the $100 you won). Betting $fifty on a -3 money line would render your original bet of $l plus winnings of $1,666.66, or $1,716.66 total.

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• Betting through bookmakers is illegal in the United states except in the state of Nevada. It is legal in Corking Great britain and other countries, where it is regulated. In some countries, bookmaking is only performed by the regime. Bookmakers may also take bets on non-sporting events, such every bit political elections.

• 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. The odds posted on the coin line is based on a $100 parameter.

• While this commodity uses dollar amounts, these principles concord for any currency.

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Commodity Summary X

To read odds, starting time by finding 2 numbers separated by a dash. These 2 numbers are the odds, and y'all tin turn them into a fraction to effigy out the amount of profit you will make per dollar spent. For example, yous might encounter iii-5 odds. Odds of 3-v signal that your profit will exist three-fifths of a dollar. In other words, for every $5 you bet you can win $3 in profit. To figure out profit, multiply the amount you bet by the odds fraction. To learn about moneyline odds and point spreads, read on!

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