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What does an unfavorable playing line necessarily mean?

Sports Betting Odds Explained

This is why when choosing odds to bet with it can be very difficult. Without doing diligent research it will be difficult to know the value of the odds you are betting on. Now that you don’t have to worry about how odds work, take a look around and familiarize yourself with all of your online sports betting options in Arizona. No matter the bet, moneyline, point spread, total, or even prop, future, live bet, or parlay, the odds still always work the same. As an example, the industry standard for spread bets is -110 on both sides. A parlay bet is a wager for which you make multiple bets on the same slip.

To convert a positive money line into fractional odds, divide the number in the money line by 100. Prop betting lines can include yes or no outcomes, over unders, or can list multiple potential outcomes to wager on. Money line odds will be offered on each outcome that reveal their chances of occurring and also disclose how much can be won when risking some bankroll on it. Short for proposition bets, props can cover any element of a game or broadcast that doesn’t involve the point spread, over/under, or money line odds. Alternatively, laying $1 on Miami’s +135 money line will payout at $1.35 if they are victorious.

Over/Under bets are not just limited to total points scored as below are some of the most common you’ll see. If a matchup is between two competitive and even teams sometimes there won’t be a point spread which is referred to as a pick’em. In this scenario the point spread isn’t in play and a bettor would place a moneyline wager on the desired winning team.

If the number is negative, you will need to divide 100 by the number to arrive at the proper fraction. One of the more confusing aspects about odds is the fact that sportsbooks will use different formats to express the same estimate. Different parts of the world have their own preferences in this regard, so you need to be aware of the way odds may be expressed. If interpreting the numbers you’re seeing is proving difficult, you’ve come to the right place.

That is, how much money you will receive based on the amount you have staked. Calculating the expected value is simple and it will tell us how much money we expect to make on average per bet. Using the odds above the Clippers implied probability is 54.5% and the Heat’s implied probability is 47.6%.

The extra $10 needed to win $100 is called the juice or the vig, it is basically the house’s or the bookie’s take. It’s 10-percent of the bet so it would take $33 to return $30 and $440 to return $400 etc. . There are some benefits and some risks associated with betting on futures. On the flip side, however, your money is locked up for a long period of time. If you bet on a particular team to win the championship and one of their star players is injured, suddenly their prospects of winning do not look quite as good.

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