Betting Explained
- Betting Explained
- Nfl Betting Explained
- Betting Explained For Dummies
- Betting Payout Explained
- Betting Explained Uk
“Wait, why does this NFL team have a -235 next to its name? What’s with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!”
Betting Lines Explained. Looking to dive into the sports betting world? Our guide to sports betting lines will have you making expert wagers on the biggest leagues in the US in no time. We'll teach you how betting lines work and give you the lowdown on sports odds to help you make sharper bets.
Live betting is, as its name would suggest, a form of sports betting that involves betting on games that are already in progress. Experienced oddsmakers update odds in real time based on everything from how much time is left in a game to the score of the game. Sports betting lines on FanDuel Sportsbook are presented in what is called the 'American. Win Bet – This is placing a bet on a single horse to win a race. Each-way Bet – This is two separate bets on a single horse, a win bet and a place bet. A €5 each-way bet costs €10. A €5 win bet and a €5 place bet on the same horse. Double – This one bet combining two horses in separate races.
If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.
But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That’s where point spreads come in. Let’s look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.
Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.
Moneylines
Let’s take that same example above but use moneylines:
Philadelphia Eagles (-200)
Betting Explained
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 order to win an additional $100.
The Giants are the underdogs. If they’re +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
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:
New England Patriots — 3/1
Baltimore Ravens — 5/1
Kansas City Chiefs — 8/1
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you’d win $150 (plus your original wager) back.
Good luck!
In the world of sports betting the first thing you will need to learn is to read and understand the odds. There are three traditional ways that online sports betting sites display odds. They include American, Decimal, and Fractional.
Regardless of how the odds are displayed, they’ll always mean the same thing. Watching the UFC, the odds format they talk is American Odds or Vegas Odds. Essentially what they are is the percentage of one outcome against another.
You can use our UFC Odds Calculator to work out percentages yourself.
We have a live odds tool on our site that you’ll notice on lots of our pages. We post live odds in American and Decimal format, but we don’t list live odds in the Fractional format.
The reason we don’t list live odds using Fractions on our site is that we don’t want to confuse bettors. Fraction odds are becoming more extinct every year, and many online sportsbooks have stopped posting odds using fractional odds entirely.
The betting odds are one of the most important factors in deciding on whether to bet on a game or not. If you study a UFC fight and determine that Jon Jones has a 60% chance of beating Mauricio Rua, then you’re going to need to find out if the odds are better than that.
Using our 60% example, we need to check to see if the odds are going to allow us to be profitable if Jones does win 60% of the time in this fight. You can use our betting calculator to check what the odds mean in percentage terms.
To break even betting on an outcome that is predicted to hit at a 60% rate you need to be getting odds of -150. If you’re getting better odds, i.e., -150 to a positive number (+100), then it’s a +EV bet to make, and you should place the bet.
We’re going to explain how to read the three different types of betting odds below, so make sure you check out both the American and Decimal formats if you don’t know how to read them yet.
American Betting Odds Explained
- Jon Jones -205 vs. Mauricio Rua +165
American odds are shown using whole numbers above 100, and they can have a positive or negative value. When the odds have a negative value, the odds will be presented with a (-) in front of the number whereas when the odds have a positive value they will have a (+) sign in front of the odds.
To understand how much you can make you need to remember one rule. When the odds are positive (+), the number reflects how much you’ll make on a $100 wager whereas if the odds are negative (-), the number reflects how much you need to bet to win $100 profit.
If you bet on Jones at -205 you need to risk $205 to win $100 profit and if you bet on Rua to win you’d win $165 profit for every $100 you bet.
The fighter with the negative value is ‘usually’ considered the favorite, and if both fighters have a negative value, then the fighter with the higher number is the favorite.
E.g:
- Fighter A: -105
- Fighter B: -109
Fighter B is considered the favorite in this matchup.
It’s rare for two fighters in MMA to both have negative value odds, but it does happen when two extremely evenly matched fighters fight against each other.
Decimal Betting Odds Explained
- Jon Jones 1.49 vs. Mauricio Rua 2.65
Decimal odds are used in most countries outside of North America, so we include decimal odds on our site for punters. Decimal odds are also known as European odds.
To understand decimal odds you always need to remember that your stake and profit are included in the odds. For instance, Jon Jones is favored to win the fight at 1.49 odds. If you bet $100 on Jones at 1.49, you’d win $149 back, which includes your stake and profits.
Nfl Betting Explained
You’d win your $100 back plus make $49 profit.
If you bet on the underdog Rua in the fight for $100 at odds of 2.65 you’d win back $265, which includes your $100 stake plus $165 in profit.
To find out how much you can win using decimal odds you multiply the odds by how much you want to bet.
Fractional Betting Odds Explained
- Jon Jones 49/100 vs. Mauricio Rua 33/20
We want to say that we believe fractional odds are going to become less used, and therefore we don’t recommend using them unless you’re betting on horses.
Betting Explained For Dummies
If you’re betting on MMA, you should use Decimal odds, as every bookie offers Decimal odds and they’re easy to use when trying to figure out your profit.
Betting Payout Explained
If you need to be able to read fraction odds, they’re simple. The 1st number in the fraction is how much you’re paid out based on the 2nd number, which is how much you need to stake.
Betting Explained Uk
For instance, if you bet on Jones at 49/100 odds you need to calculate 49/100 x “Wager Amount” to come up with how much you’ll make. If you bet $100 (49/100 x $100 = $49) you’d make $49 plus receive your $100 stake back.