Sports Betting Explained

Bet on whether the favored team will win by more than this proposed margin of victory. In this example, saying “#276, money line, $50” would result in a $50 money line bet on the Eagles at odds of +200. Betopin.com is a comparison service for online betting and gambling companies.

It can be used as a moneyline calculator, a horse bet calculator, a chance calculator, for point spreads and totals, or any other wager you might be considering. The calculator can be used for any number of reasons, but it doesn’t make decisions on its own or ultimately impact your chances of winning or the outcome of a game. It’s an unbiased tool that bettors can use for their own purposes, whether that’s calculating risk, using it as an odds converter or helping to better manage a bankroll. It’s an incredibly useful tool, one all serious gamblers have used at some point if not frequently.

So while some sportsbooks will let you place a 15-teamer with astronomical odds, you probably have a better chance of being struck by lighting – twice – before winning one. You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms.

So you might get a better point spread early in the week or you might get a better line later in the week. You need to watch the football line moves and figure out if you should bet early or bet late. If the opening line in the Cowboys-Eagles games is -7 Dallas and it moves quickly to -5, that tells you that a lot of early bettors jumped on the Eagles at +7. The oddsmakers – who are trying to get equal amount of betting dollars on each team – moves the line downwards in hopes of encouraging more Dallas betting. By Tuesday or Wednesday, enough betting has happened that the line has settled, maybe at -6, maybe lower at -4.5.

Decimal odds are often used on betting exchanges, such as Betfair, as the user is in control of the odds rather than the bookmaker. Here are some examples of how to read decimal betting odds. A very simple explanation of probability would be a coin toss, in which the two possible outcomes are heads or tails. The probability of getting heads is a one in two chance, which can be represented as odds of 1/1, which would mean the outcome has a 50% chance of winning. This is how punters can use the betting odds to work out how likely bookmakers believe an outcome is to happen.

Anything on the odds-on side of that and you are increasing probability percentages. Anything longer than Even Money is decreasing the probability percentage of an outcome happening. The best way to understand them is to add the numbers either side of the dash together. Once you’ve done that, the number on the right of the slash is how often out of that total a certain event should happen.