Betting Odds, Lines and Spreads
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August 1, 2024, Thursday
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The date is Wednesday, July 10, 2024.
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Learning About Betting Odds
Betting on the game can add an extra level of excitement to your sports viewing experience. For beginners, the world of sports betting can be overwhelming. It is important to familiarize yourself with reading odds, understanding various types of bets, and learning the terminology used in the industry. Finding a reputable sportsbook is crucial, so we have compiled a list of top options before diving into the different types of bets you can place.
Underscoregs for Top Odds
With so many sports betting sites competing for your attention, it can be challenging to find the most secure and trustworthy ones. Luckily, SBR has done the research for you and compiled a list of the top online sportsbooks and betting apps in the industry, such as FanDuel and DraftKings. These platforms offer the quickest payouts and most lucrative referral bonuses. It’s important to only bet with reputable sites and steer clear of those with negative reviews. Once you’ve found a reliable platform, familiarize yourself with the various types of bets explained below and start placing your wagers.
Moneyline
This is a straightforward bet on the outcome of a specific game. Odds makers will analyze the strengths and weaknesses of each team, taking into account factors such as head-to-head matchups, player injuries, fatigue, motivation, and home field advantage. Based on this analysis, they will assign betting odds to each team. One team is usually favored to win, while the other is considered the underdog.
If the Eagles are performing well while the Jets are struggling, you may find the Eagles with a moneyline odds of -770 to win at Lincoln Financial Field, while the Jets are listed as +540 underdogs. A minus sign before the odds indicates the amount needed to bet in order to make a $100 profit. In this case, a $770 bet on the Eagles would yield a $100 profit, showing that Philadelphia is heavily favored.
When you encounter a plus sign preceding a set of odds, it signifies the potential profit from a $100 wager. For example, a $100 bet on the Jets at +540 would result in a $540 return if they were to win as the perceived underdogs. Although +540 can also be expressed as 6.40 in decimal odds, a betting odds calculator can easily convert it back to American odds.
Point Spread
Spread betting is a common choice for wagering on various sports, including football and basketball. Online sportsbooks often provide a handicap to the favored team to level the playing field. For instance, in the NFL, point spreads might be set at 13.5, with odds of -110 on the Eagles -13.5 and the Jets +13.5. Some top sports betting sites may offer reduced juice, with odds of -107 or -105 on each outcome.
Betting on the Eagles -13.5 means they must win by at least 14 points for your spread bet to win, offering a higher potential profit. Choosing the Jets +13.5 allows them to win or lose by up to 13 points for your bet to succeed. Early NFL betting lines are typically set by top sportsbooks, with others following suit once Vegas lines are released. These odds are subject to change based on where most bets are placed, potentially leading to adjustments like the line dropping to 11.5 points. Stay informed with NFL Picks for the top betting choices.
Spread betting is a popular option in high-scoring sports like the NBA, but not as common in lower-scoring sports like soccer and hockey. Point spreads can still be appealing in these sports when one team is heavily favored. Many bettors enjoy wagering on point spreads using credit earned from sign-up offers, daily betting promotions, and top sportsbook deals. This is especially beneficial for new state launches, such as North Carolina sportsbook promos, where codes like DraftKings, FanDuel, bet365, and Betway can be used.
Totals
This type of bet involves predicting the total number of points or goals scored in a game without having to choose a winning team. Underscoregs set a line, and you can bet on whether the final score will be over or under that line. For instance, in a game between the Golden State Warriors and the Houston Rockets, the total points line might be set at 215.5. You can place a bet on either the total points being over 215.5 or under 215.5. If the final score is 110-107, a bet on over 215.5 points would result in a payout.
Additionally, you have the option to place bets on the total number of goals in a soccer game, the total number of games in a tennis match, the total number of rounds in a fight, and more. The typical odds for either outcome are -110, requiring a $110 bet to potentially win $100. This setup enables the sportsbook to earn a profit regardless of the outcome, although some may offer -105 betting lines with a smaller margin.
-110 can be represented as 1.91 (decimal odds) or 10/11 (fractional odds). Decimal odds are commonly used in Europe, while fractional odds are more popular in the UK and horse racing industry. Converting a price into American odds can be done quickly with a betting odds calculator, which also factors in free odds.
Futures
This is a bet placed on a potential future outcome and may not be directly tied to the result of a single game. Instances of this include odds for the NBA finals or Stanley Cup.
In the world of horse racing, the Kentucky Derby is considered the pinnacle event, comparable to the Stanley Cup or Super Bowl. Fans of horse racing eagerly search for the best Kentucky Derby odds on betting sites throughout the year. Following the Kentucky Derby, betting sites shift their focus to other prestigious races such as the Preakness Stakes and the Belmont Stakes, in anticipation of a potential Triple Crown contender.
Prop Bets
Proposition bets focus on individual events during a game, rather than the overall outcome. These bets can be both profitable and entertaining. For example, a thrilling proposition bet could be whether Russell Westbrook will achieve over 45.5 points, rebounds, and assists against the Timberwolves, or if Lionel Messi will score a free-kick against Real Madrid.
Sports Betting Categories
It is not unusual to find top sports betting apps and websites that specialize in specific sports. With the growing demand for sports betting, sportsbooks are now providing a variety of unique betting options tailored to different sports and leagues.
Promotions & Bonuses in International Regions
- Canada sportsbook promos (excluding Ontario)
- U.K. sportsbook promos
Regional Developments & Updates
Online sports betting may vary depending on the region you are in. SBR provides up-to-date information and news on changes and updates that are relevant to your specific area.
Legal U.S. States Betting
Stay updated on the status of online sports betting in states where it is legalized.
International Betting Sites
- Sports Betting Sites Canada (excluding Ontario)
- Canada sports betting apps
- Ontario sports betting
- Ontario sports betting apps
- U.K. sports betting
Legal Underscoreg Reviews and Promo Codes
Interested in joining the excitement? Explore our guides on top sportsbook promotions and welcome bonuses offered by leading sportsbooks and betting sites in the industry.
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FAQs
If you see a minus symbol in betting odds, it means you must bet that amount to win a $100 profit. For example, a $100 bet at -110 would earn you $91, while a $10 bet at -110 would earn you $9.10. On the other hand, if there is a plus sign at the beginning of the odds, it indicates the profit you will make from a successful $100 bet.
This is the handicap line established by sportsbooks to create a level playing field. In NFL point spread betting, one team may be listed at -110 to win by over 9.5 points, while the other team is listed at -110 to stay within 9.5 points.
This summer is packed with sports as we gear up for the Euro, Copa America, and Olympics.
We offer European football odds and Copa America odds for soccer fans, as well as Olympic basketball odds for those craving some summer hoops action.
Additionally, we offer Stanley Cup odds for hockey enthusiasts.
Sports betting sites determine betting odds by evaluating risk and estimating the likelihood of each potential outcome. These odds are adjusted leading up to the event as more bets are placed. Bookmakers must manage their risk, so if a particular team becomes heavily favored, the odds for that team will likely decrease.
All of the top sports betting apps featured on our list offer a wide range of NFL markets to choose from during the season. To make the most of your betting experience, be sure to check out our comprehensive breakdown of the best NFL betting sites, which provide the most extensive NFL options in North America.
The sports odds in Las Vegas can vary depending on the sport you are interested in. Different books may offer more attractive odds for baseball or hockey. While William Hill is a prominent player in the Vegas market, it is a competitive state and it is beneficial to check out different options for the best odds. SBR provides free betting site reviews to help you compare and find the best sports betting odds.
It indicates that a correct prediction would result in a $150 profit from a $100 wager.
The renowned sportsbooks of Las Vegas, Nevada determine the Vegas odds for events such as the NFL Super Bowl and daily games. Underscoregs worldwide often use these lines as a reference point when setting their own odds.
The Kansas City Chiefs lead the Super Bowl odds at +600, with the Ravens, 49ers, and Saints close behind. The Cincinnati Bengals are the biggest underdogs in the race. Stay updated on the latest odds by visiting Super Bowl betting sites.
When you see a minus symbol, it shows the amount you must bet to win $100, while a plus symbol reveals the profit you will earn by betting $100.
We have decided to primarily concentrate on explaining US style betting odds on this page. The odds of 9 to 2 are presented in fractional form, indicating that for every $2 wagered, you would make a $9 profit. Therefore, a $100 bet at 9/2 would result in a $450 payout, which would be denoted as +450 in American format.
These odds start with a minus symbol. It tells you that your potential profit will be lower than 100% of your stake. If you see a minus sign, it indicates the amount you need to wager in order to win $100. If the odds are -105, you must lay down $105 in order to win $100. Your stake is always returned on winning bets, so your return in this instance would be $205.