Comprehending odds. Just how to read through gambling odds

Understanding Odds

The odds are presented in either a negative or positive format depending on the probability. The first thing that any punter needs to do is understand how the odds work and what they mean. Teasers operate identically to parlay wagers in that the bet types and the amount can vary, so long as the total combined bets equal two or more. A bet is a wager where at least two outcomes are in play. The outcome can be two or more opponents competing head-to-head for the same outcome, or it can be multiple scenarios that must play out in order for wagers to win.

Last week, we went over how to read sports betting oddsand covered the most common items you’ll see on a betting board inside a sportsbook . When betting these choices, you will almost always see -110 listed with them. If you don’t know what that means, don’t worry – we’re covering that today and it’s not nearly as complicated as it looks. The handicapping and odds information found on SportsBettingDime.com is strictly for entertainment purposes. Furthermore, the unique odds we produce in select news articles are also for amusement, and are not available to be wagered on.

Any time a team has minus sign out front, the bettor knows they will be receiving less than a 2 – 1 payout figure. In fact in this case, to win $100 wagering on the Trail Blazers you would need to stake $128. If the team’s goal was to cover the spread, they would obviously kick a field goal. They’re either going to score a touchdown and win the game, or they’re going to lose and fail to cover the spread. Pittsburgh is +4.5, with Cincinnati at -4.5, which means Pittsburgh is a 4.5-point underdog and Cincinnati is favored by 4.5 points.

Read on to see an explanation of how to read odds in any of these formats. The variations can take some getting used to, but we’ll give you a breakdown on each format of betting odds explained. All betting odds represent the implied probability to win a bet.

For example, 4/7 odds is pronounced as “seven to four on”. As it suggests, every seven units you stake will get you four units. In sports betting, and especially with fractional odds, you can also get odds of 5/2, 11/10 or 6/4.

Another way in which sports betting odds are offered is called over-under. Again, this type of bet can only be offered when scores are kept in the game being played. In such cases, the gambler can bet on the total number of points scored by both the teams regardless of which team scores how much. For instance an over 150 bet in a basketball game could be won if both the teams together score more than 150 baskets or points. Similarly, an under 4 bet in football can be won if both the opposing teams together fail to score at least four goals. In this example, the negative number indicates the favorite, while the positive number indicates the underdog.

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