Calculating Sports Betting Odds
And this guide is here to help you accomplish just that so that you can wager with confidence at our top US sportsbooks. When shopping around, just make sure the betting site that you ultimately decide to use is 100% legit and legal to use where you are. You can find out about betting on esports safely from wherever you are in the world by using our esports betting legal guide here. The good news is that esports odds don’t differ all the much from those found in your regular sportsbook. The science, odds and formatting is all exactly the same – however you’ll need to have at least a basic understanding of it all if you are to have successful esports betting ventures. St Louis is an underdog, so they have a POSITIVE number (+165).
The odds demonstrate the probability of each specific outcome in the eyes of the legal sportsbook that set them. Those events or outcomes that are seemingly all-but-certain will often have very low odds and offer a small payout, given the lack of risk. An event or outcome that is not very probable carries a higher risk and a higher reward because of its odds.
Look for key numbers such as five and seven because they tend to represent two- and three-possession games. For example, if you see -7.5 (-107), then you only need to wager $107 to win $100 (saving you $3). If you see -7.5 (-102), then you only need to wager $102 to win $100. If the Cowboys win 20-17, they win by three points and do NOT cover the 4.5 points, but the Giants have “covered the spread” by staying within 4.5 points. Rather, they are expressions of the proportions that the sportsbook is using for that particular game.
But, sometimes very strong teams or athletes match-up against very weak teams or athletes. Enter the point spread, known in some places and in some sports as the handicap. A plus or minus sign and a fractional or whole single or two-digit number usually denotes a handicap bet. For positive odds, all you need to do is add a hundred to the positive. By using this site, you agree the information provided within this site is for news and entertainment purposes only. Use of this information in violation of any federal, state, or local law is prohibited.
For instance, if you see Dallas Cowboys +7, you are betting on whether or not the Cowboys will win their game by more than 7 points. For example, if the Patriots are given 1/2 odds, the bookie predicts they will win the game two times out of three. Fractional odds, as you might expect, display with one number over another number.
If you want to determine your profit only, then subtract your wager from that amount. In our example, Alabama is the favorite, while USC is the underdog. Sports betting is a multi-million dollar industry on its own.