Sports Betting For Dummies Cheat Sheet
Some prop bets can be really lucrative, whereas others are just for fun. A more lighthearted example would be the color Gatorade dumped on the winning coach after the Super Bowl, or the length of time it takes the singer to complete the National Anthem. You can also find plenty of prop wagers when it comes to betting on politics. Examples range from betting on the identity of the vice-presidential candidate to predicting whether the president will open up Area 51 to the public. Betting the spread is popular on sports that have high scoring games, like betting on theNBA lines. It is not so common in lower scoring sports, such as soccer and hockey, but Point spreads can prove popular in those sports when one team is a heavy favorite.
When a positive point spread is given to a team, it means they are not expected to win the game. Understanding how to read odds is crucial to betting on sports. This guide will teach you how to read odds for moneyline, total and spread bets. We will be looking at American, decimal, and fractional odds, which are three different ways of writing the same odds. Odds of 4/1 would imply that the bettor stands to make a £400 profit on a £100 stake. If the odds are 1/4, the bettor will make £25 on a £100 stake.
Therefore, if you wager $40 on Pittsburgh, you will win $30.77, and your payout would be $70.77 . In theory, odds can be shown in any format no matter what the game. In practice, however, the location of the target audience will have some impact on this. For example, NFL odds will virtually always be shown in the American format because the viewing audience is predominantly based in the USA.
If you want to remove any events, just click the “X” next to the ones you don’t want on your bet slip. If you don’t want to bet any of the games you selected, there’s usually a “clear all” option at either the top or bottom of your bet slip. In the above example, run line bettors who take the Dodgers need the Dodgers to win by more than 1½ runs to win their bet.
Here are a few examples of what you won’t find available for wagering at legal and regulated sportsbooks. Next, there’s a quick and easy way to get a ballpark number of what kind of return you’re looking at. When the odds are negative, the number also represents the amount you would have to wager to see a return of $100. Right next to the two team names will be a series of numbers for the main bet types available. For an NFL game, the listing might look something like this.
The first column indicates what’s called a rotation number. A rotation number helps you quickly identify the bet you’re looking for, especially when there are hundreds to pick from. If the spread is -3 for the Bears, that means it is +3 for the Vikings. Let’s say you bet $10 on the Vikings moneyline at -200 at one sportsbook.