Over/Under Bet Payouts
If there is a push all bets are off and the sportsbooks return all wagers back to the bettors. Many people will say that the odds on a spread bet are even, paying 1: But this is not true. The actual odds are 0. For every dollar bet, you can win 90 cents. That number, which is your stake, is posted as Every NFL point spread works this way. The moneyline is different. First, with the moneyline whichever team wins the game pays out. How do the bookies even the playing field with the moneyline?
They do it by making bettors wager more on the favorite to win less and allowing them to bet less to win more on the dog. The favorite is posted with a minus sign and a number. The underdog, on the other hand, is listed with a plus sign in front of a number. By the way, there is a relationship between the spread and the moneyline. The exact relationship can vary a bit depending on the book, but the correlation works in this manner:.
As it is with the spread, the total is usually posted as a fraction or decimal and the stake is the same as it is with the point spread If Indy scores 27 and Cincy gets 13 points, the total would be at 40 and the over would win.
But if the Colts rack up 35, and they shut out the Bengals, the total of 35 would be under. If, as it is sometimes with the spread, the total is listed as a whole number, the result may be a push. Obvious answer you would think would be Unfortunately, the bookies need to make their money no matter if you win or lose on a nightly basis, which is why you will hardly ever see a on a sports bet. To merely break even in the sports betting world you win need to win At first glance you think this is simplistic to read, but we want to cover all of the sports betting odds.
The next two numbers you see are what is referred to as the money line. The money line is purely picking one winner or the other. The last number you will locate on the wagering board is This type of sports bet is an accumulation of total points from each team. Will they score Over Having this information ready when you are executing the bet will make it as easy as possible for the ticket boss to correctly process your bet. Always double check and make sure it is right before it is printed!
As soon as it prints, its a done deal. For simplicity, bookies are a person or company that holds on to the bettors money and only pays them upon winning or ends up keeping the cash. The truth of the matter is that Vegas pretty much sets all of the sports betting odds for the entire world. All of the worlds leading experts work for the big casino companies in Las Vegas, and all of them work together to set the ods for different sports. Anytime you hear someone asking or talking about Vegas odds, they are simply talking about the odds and nothing specifically related to Vegas.
All of the online sportsbooks use services that simply use the Vegas odds as a starting point for events. Then their own systems will adjust the spread depending on how people are betting at their sportsbook.
Exotic bets are there to make for a more entertaining betting experience, but they work somewhat differently compared to the straight bets. But, the original point spread is still used in all these bets no matter how you look at it.
Parlays are essentially a combination of two or more bets into one, such as three teams winning their respective matches. These parlays are usually a long shot since so many teams have to win, but in the end they are also some of the highest paying games.
You can pick teams to cover the point spread, over or unders, or moneylines in a parlay and sometimes you can mix in different sports. Pleasers are some of the highest paying bets, as they take the spread and then subtract points, making it harder to succeed. Then you also have to combine them into another bet of the same type in order to win.
The payouts are huge, but it is not likely that these will come in unless you have the utmost luck or some sort of inside knowledge.
Teaser bets are the exact opposite, int hat you can adjust the spread to be more favorable, thus lowering your payout but increasing your chances of winning. Either way, these are some of the more exciting ways for you to wager.
There are also " If-Bets ", which allow you combine two bets. The first bet has to win for the second bet to have action. If the first bet fails, the second bet doesn't come through. If you win the first bet, you can then use the winnings on the second bet, essentially building your bankroll.
American odds have become incredibly commonplace, despite the fact that they are not as easy to read as other formats. As an example, American Odds read like this:. In the example above, you can see that Team A has the lowest number of the group and are considered to be the favorite to win this bet. And, with a little bit of manipulation, you can see how these odds will pay if the wager ends up being a winner and that is what we're all here for Fractional betting odds are the easiest to understand.
Just about every single sportsbook that caters to Americans has the option available for fractional odds. And, while they may seem daunting at first, you don't really need to understand complex fractions in order to utilize these odds. Lets look at an example:. In order to best understand these lines, you first need to look at the ratio to 1. Once you have determined this, you can figure out the favorite.
To figure out which side is favored, you simply need to figure out which is the lower number.