Explaining The Odds
As well as finding out how much your bet will potentially return, the calculator also gives you the total profit. The calculator gives you the option to select the bet type, the win odds, your stake, and whether the bet placed will be each way or not. First, take your decimal odds and subtract 1 from the number. The moneyline shows you how much you have to bet to win £100. Moneyline odds are often used in the US when betting on American sports, but they are becoming more common in Britain.
With fractional odds, one side of the fraction represents one team/outcome with the other representing the other. In their simplest formats, fractional odds are simple to understand. For example, if your backing a team to win at 2/1 with a £10 stake, your returns will be £20, and the probability of the team winning 33.3%.
A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you were to bet $100. Obviously, then, the team is a bigger underdog the bigger the number is – a +260 team is perceived to be less likely to win than a +160 team.
Futures betting lines include odds on the NBA Playoffs, Super Bowl, betting on the NHL Stanley Cup, as well as conference winners, and division winners across all sports. All bets included in the parlay need to win, or else the entire wager fails. The types of prop bets offered can range from how many stats a player or team will acquire, to what color socks a competitor will wear. Props can even include activities by the coaching staff, fans, broadcasters, and referees.
You’ll see how much money you’ll win, and the total payout you’d receive. We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. It may take some time to understand odds and lines but don’t worry, it becomes second nature really quickly. When it comes to the different sportsbooks out there it is possible to find different point spread lines but generally, most sportsbooks will have similar stats.
If the Nittany Lions lose by 1-6 points or win the game, you win your bet. The team you bet still needs to cover the spread, but the American odds indicate how much you need to risk for that bet. You’ll find that the betting public tends to pile in on their favorite teams once they get home from work on Friday. You can anticipate these line movements and time your bet accordingly to take advantage. In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100.