Understanding Sports Odds
Identify the sort of line you are taking a look at. All online sports books offer you the chance to get your traces at an”American” or”Money line” version. I would use this as my regular, if I were you. An”American” line uses either a + or before a number to signify odds. So a -120 plus also a +120 are two very different odds on a team… I will explain the differences shortly. Two other less frequent variations exist: Publish chances and fractional chances.
Briefly:
–Fractional odds are frequently found in hurrying. A 10/1 payout ought to be read”$10 paid for each $1 wagered.” When the bigger number is on the left, then you will find that bet is generally an underdog in the race. Also note, however, that in case for example”Who will win the Super Bowl in the NFL?” You may see all the groups recorded as”underdogs”… i.e. paying 2/1 (some around 300/1 or longer ).
Identify the preferred. Lines with a – until the number (i.e. -200) indicate the preferred. A -200 ought to be read as:”For every $200 wagered, I win $100.” Whenever there’s a negative sign, the line should always be read with terms of 100. That does not mean you need to wager that much, it’s just easiest to understand! When a + sign is present, just reverse the reading, constantly keeping reference to 100:
Examples:
1) -150: For every $150 wagered, I win $100 ($50 wagered will win $25).
2) +300: For every $100 wagered, I win $300 ($50 wagered will win $150).
3) 100 (could be either +/): For every $100 wagered, I win $100 ($50 wagered would win $50).
4) Most commonly: -110: For every $110 wagered, I win $100.
You see”4″ most often because the additional $10 you have to wager to win $100 is known as the”juice” the books keep as a charge for making the line that is available to you.
The main thing you can teach yourself early on is:”Just because the books assign one side to be the favorite (even large, -200 or even -300, favorites), doesn’t mean they will win.” We have all seen favorites get mad, and it’s crucial to avoid the temptation of finding comfort in the fact that the lines makers place one team as a favorite.
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