It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football unless they go scoreless in overtime.
The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. Moneyline bets are as straightforward as it gets in sports betting. You're betting on which side will win an event and if that side wins, you win. A spread bet is on the forecasted point differential between two teams.
In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back. As for the odds, the most common number for spread bets is , but that number varies depending on the location, sportsbook and how popular each side is. However, there are states where odds are worse in order to get the state more money such as or This is also called the vig , which is the amount the sportsbook charges per bet.
If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em. Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary. These odds may be the easiest of the three to understand just by looking at the numbers.
The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite. The return can be calculated by multiplying the bet with the the decimal odds. Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds.
Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, times 2. How do you read sports betting odds? Moneyline Bets A moneyline bet is on the straight-up winner of a game. Spread Bets A spread bet is on the forecasted point differential between two teams.
Odds Bet Return Profit Liverpool 1. Which states in US have legal sports betting? As of , there are 21 states and Washington D. Can you bet on sports online? But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering. When was sports betting legalized? When will sports betting be legal in Indiana? Sports betting in Indiana was legalized September and online gambling launched a few months later.
Is sports betting legal in Indiana? Indiana passed a bill to allow sports betting in and wagering started in October with online betting opening a couple months later. When will sports betting be legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened March Is sports betting legal in Michigan?
Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March The favorite in a game is listed as being minus - the point spread. The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. Using this example, the Chiefs were 3-point favorites over the Buccaneers.
The Chiefs needed to win by 4 or more points to cover the spread. Likewise, the Buccaneers were 3-point underdogs. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. Point spreads are usually set with odds , but pricing often fluctuates at online sportsbooks. The odds guarantee the sportsbook operator will see a little money over time.
A spread of minus-seven -7 means that a is favored to win the game by a touchdown technically, a touchdown and the extra point. A team favored by -7 must win the game by eight or more points to win the bet. A loss by seven would result in a push. A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.
Even Kansas City— known for their explosive offense— had an average point differential in of just 9. The net point differential in the NFL is Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.
NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around point favors.
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Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. This side of the moneyline bet pays out more money per unit than a wager on the favorite.
In this example, the moneyline on the favorite Chiefs was Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered. The two sides of each moneyline wager are essentially the opposite of each other. That said, it might take running through a few examples before fully grasping the payouts.
Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.
As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline. Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results.
The payout for a parlay is greater than an individual wager on each player or game. Israel Adesanya vs Jan Blachowicz. Apuestas de tenis. Apuestas del Athletic Bilbao v Getafe. Apostas UFC Apuestas en el UFC Scommesse UFC UFC Satsning.
Bet Bonus Code. Bet on the US Election. British Superbikes Championship Betting. Cricket Betting. Sheffield Shield Betting. Grand National Betting. Baseball 9. Basketball Boxing Football Golf MMA Other Soccer Tennis There are three different ways to express odds when it comes to sports betting - American odds, fractional odds and decimal odds. Decimal odds are frequently used at European facing sportsbooks, while American odds are mainly used at offshore books that target Americans, as well as US-based brick-and-mortar casinos.
These numbers all mean the same thing - just expressed differently. In short - if you see a "minus" symbol before a set of odds, this means that the team or person in an individual sport is a favourite to win.