What are the rules for betting?
Mar 22, 2019 · If the odds are minus (–), then that amount of money must be wagered to win $100. (e.g. –150 means you must bet $150 to win $100.) If the odds are plus (+), that amount of money would be earned on…
What do the betting odds exactly mean?
For example, in moneyline betting odds, you can bet on the Green Bay Packers as a -150 favorite to win or the Detroit Lions as a +180 underdog to win. If you wager $100 on the Packers to win at -150, you would get a payout of $166.70. If you bet on the Lions to win at +180, the payout would be $280 because they are the underdog.
What is an example of betting?
Below is an example of NFL betting odds taken from an online betting site. In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).
What do Plus and minus signs mean in sports betting?
Dec 26, 2019 · New York Giants (+150) The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in…
What does +/- in betting mean?
The Money Line: Odds for a game based on $1.00 A “minus” (-) preceding the number indicates the team is a favorite. A “plus” (+) preceding the number indicates the team is an underdog. Example: Bet No.
What does +200 mean with betting?
When odds are expressed with a + or a – followed by a number, they are American money line odds: +200 signifies the amount a bettor could win if wagering $100. If the bet works out, the player would receive a total payout of $300 ($200 net profit + $100 initial stake).
What does -/+ mean in sports betting?
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the ” – ” always refers to the favorite and the ” + ” always refers to the underdog.
What does +1.5 mean on a bet?
Betting odds and lines from a sportsbook can be confusing at first, but they aren’t that hard to understand. In order to help you understand betting odds, we will use +1.5 as an example. When you see a +1.5 in front of a team’s name, that means that they are 1.5-point underdogs in that matchup.Nov 7, 2020
What happens if you bet $100 on a money line?
If you bet $100 on a -130 moneyline favorite (lower risk), you could win $77 (plus your original $100 wager). If you bet $100 on a +110 moneyline underdog, you could win $110 (plus your original $100 wager). You must be cautious of the size of the moneylines you bet and how much they return.
What does +450 mean in gambling?
So, a -450 number would mean that you would have to bet $450 in order to win $100 in profit back. On the other hand, an odds number with a “plus” in front of it means that the team or player is an underdog.Jan 8, 2020
What does a +7 spread mean?
What does +7 spread mean? If the spread is seven points for a game, it means the underdog is getting seven points, noted as +7 on the odds. A team posted at -7 is the favorite and is laying seven points.May 27, 2020
What does minus 7 mean in betting?
Plus and Minus Odds If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet.
What does +4 spread mean?
The Rams needed to win by 5 or more points to cover the spread. Cincinnati was a 4 point underdog. This appeared as Bengals +4. That means the Bengals would have needed to win the game outright or not lose the contest by 5 points or more.
What does plus 3 spread mean?
In a spread bet, the odds are usually set at -110 on both sides, depending on the sportsbook and state. That means whether you bet the Colts -3 or Texans +3, you’ll win the same amount of money if you win the bet.
What does Handicap 2.5 mean?
Asian Handicap -2.5 Your team wins by one or two goals = Loss. Your team wins by three goals or more = Win. Your team loses = Loss.
Sports Betting Odds Explained
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
Decimal Style Sports Betting Odds
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
What is a total bet?
Total bets are often referred to as the Over/Under bet. The wager name is interchangeable and both terms are used in the media and sportsbooks. The totals bet is by far one of the easiest and highly popular wagers you can make in a sportsbook. The only highly popular wager is selecting winners.
What is a line in sports betting?
It is commonly referred to as the betting line or the gaming odds used in determining the parameters for betting on either the underdog or favorite in the sports events. The practice of betting on the line encourages wagering on both sides.
What is the difference between a sportsbook and a betting exchange?
The primary difference in the sports betting exchange compared to a sportsbook is that you get to play the role of the sportsbook by laying the selection.
What does 5.5 mean in betting?
On the other hand, Green Bay +5.5 means that the Green Bay is the underdog and has been awarded 5.5 points, if Green Bay loses by 5 or fewer points, this is a winning bet.
What does PK mean in football?
PK is short for Pick ’em or Pick. If you see this on an NFL betting line, it means that the game is largely considered to be even. For instance, incase the New York Jets are playing the New York Giants and the betting line is PK, this means this is an even game. Technically speaking, there is no known point spread.
Why is affiliate marketing so popular?
What has over the years made affiliate marketing so popular is because it provides the real measurement of client acquisition and the overall success of a business. It works perfectly for both the affiliate marketers and the business they advertise. The same applies to sports betting affiliate marketing.
What is handicap betting?
Handicap is a bet on the victory of a particular team with some adjustment. The handicap is added to the final result, and if the final result is in favor of the selected team, the bet wins. For example, let’s take the soccer match Manchester City – Sunderland.
What is a positive handicap?
Positive handicaps are usually given to a clear underdog. In case a player bet on the victory of an underdog with a handicap (+2.5), and the match ended with a minimal victory of the favorite, it can be said that the bet won. Negative handicap, respectively, is set to the favorite.
What are the different types of handicaps?
Types of handicaps. A handicap can be an integer: (-1), (+1) and so on. With such a bet the player can get a return if, for example, he bet on -1 for the first team, and it wins with a difference of only one goal. A handicap can be fraction al: (-1.5), (-2.5), (+1.5), (+2.5) and so on.
What is the difference between decimal and American odds?
Decimal odds are frequently used at European facing sportsbooks, while American odds are mainly used at offshore books that target Americans, as well as US-based brick-and-mortar casinos. These numbers all mean the same thing – just expressed differently.
What does it mean when you see a plus sign?
If you see a “plus” symbol before a set of odds, this means that the team (or person) is an underdog to win. So, let’s break down some examples for you:
What is moneyline betting?
Moneyline bets are the ones that can sometimes see huge paydays for underdogs or safe returns for massive favorites. Since bookmaker predictions are expected to be accurate, the idea is that the total amount of wagers placed is evenly spread on both sides and the outcome of the game close to their estimation.
What does the plus sign on a number mean?
When you see a plus sign in front of a number (like +150 for example) it tells you which team is the underdog. You get a higher payout betting on the underdog since they’re less likely to win.
What is a nickel line?
If you do your homework and search across casinos you can find sportsbooks offering what are called ‘reduced juice ’ or ‘nickel lines’. These are lines that the sportsbook will move to a lower “price” of -105. This basically means they’re reducing their commission from 10% to 5%. That’s why it’s called a nickel line.