![]() You do not need a point spread in order to tell which team is favored. The Patriots are favored in the previous example, so they have the more favorable moneyline odds. The odds attached to each team indicate their likelihood of actually winning the game. When you are betting on the moneyline, you are betting on a team winning a game outright. The moneyline on New England is -160, while the Atlanta Falcons are at +140. In between those two figures you will see the moneyline. The New England Patriots are listed as three-point favorites and the game has an implied total of 59 ½. We can use Super Bowl LI as an example of what to look for. These kinds of odds are most common in the United States. The moneyline will often appear next to the spread and implied total when you look at a bet on paper or on your computer screen. If the odds are 3.5, your winnings will come out to three-and-a-half times the amount of your bet. Rather than displaying the potential winnings above or below the wager, decimal odds are essentially just a way to calculate your winnings.Īs an example, if odds are listed at 3.0, your return will be three times your wager. The concept is the same as with fractional odds, the only difference is the presentation. and in America, decimal odds are more common in other European countries as well as Canada, New Zealand and Australia. While we typically see fraction odds or moneyline odds (more on that later) in the U.K. In other words, it is hardly a bet worth placing, as the wager far outweighs the potential winnings.ġ/1 odds mean there is a 50/50 chance of either team in a given game coming out with a win. That means you would have to bet $3 just to win $1. ![]() If the Patriots are expected to win the Super Bowl, they could have 1/3 odds, for example. It will still be the potential gain on top of the amount wagered, but the payout will be far smaller. If the odds are particularly high on something, the fraction will be flipped. So, if you are betting $100 on 4/1 odds, you win $400 if you win the bet. In fractional odds, the potential gain is on top of the amount that a bettor must wager. In the United Kingdom, most betting lines are given in fractions. More likely than not, one of the other 31 teams will win the championship. If we stick with the example from above, the chances of the Texans actually winning the Super Bowl are not very strong. It’s a way of evening things out for the bettor and bookmaker. If you take on a futures bet, for example, you are most likely dealing with fixed odds (like if the Houston Texans are 100/1 odds to win the Super Bowl next year). When you place a bet on a betting price, you bet on odds that are fixed. ![]() Most sports books offer these types of odds on just about every sporting event imaginable, and, fortunately, they are easy to explain. Fixed odds betting is one of the most common types of sports betting around the world. ![]()
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