Sports Betting Explained
Because of that 10% cut, you’ll win .91 units if Ohio State covers the spread. Before you calculate units, you’ll need to know how to read American odds. We like to encourage a flat-betting approach here, so units should be a fixed value — if you usually bet $20 on a game, one unit for you is $20.
Book – A establishment that accepts bets on the outcome of sporting events. You see “4” most commonly because the extra $10 you have to bet to win $100 is called the “juice” that the books keep as a fee for making the line available to you. Teaser bets – The teaser is so named because it, too, looks tempting, but if you allow yourself to get too seduced, you’ll usually end up on the losing end. The teaser bet gives or takes away extra points from the team you back.
Betting odds are applied to any event that bookmakers are taking bets on, from horse racing and football to TV specials and politics. Although betting odds can look confusing at first, our complete guide will make sure you have the knowledge of how they work and can make more informed choices when gambling online. The popularity of the point spread bet in the NFL is equally shared by NBA bettors and it works essentially the same way. If the game lands exactly on the spread – for example, if KC had won the Super Bowl by 3 – then spread bets will “push.” A push means the book returns everyone’s stake. Point spread outcomes will most often pay this amount because the professional bookmakers are very good at predicting who will win any given game and by how many points. In doing so they are essentially making the point spread wager one that is as close to equal for both sides as possible.
To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout. Here are some odds for a fictitious horse race and how you’d go about reading them. There are a few different variations of Vegas odds boards, but as long as you understand spread, moneyline, and total bets, you’ll be able to find what you’re looking for.
A bookie sets the Over/Under, and you simply choose if the combined score will be higher or lower than that mark. Multiply this number by the moneyline to see your potential profit. If I spend $50, I will make .5 (50/100) of the moneyline if I win. On +135 odds, I would make $67.50 profit off of a winning bet. A futures bet is a wager placed on an event typically far in the future, such as which team will win next year’s pro football championship game or pro hockey championship series.
Bonus bet Credits also cannot be used on the likes of, Tote Pool bets or any other. Promotion is available to 18+ aged individuals who are registered customers of Spreadex. Get 5 x £5 free fixed odds bets + 2 x £5 free Total Goals spread bets.