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All Rights Reserved. As a sports bettor, you probably have seen loads of different ways to display odds. And it varies country-by-country. In American sports betting, the industry standard is the use of the plus sign and the minus sign. These signs can tell a bettor a lot about the outcome of their bet, but that's just a little teaser.
There's way more to take into consideration as a sports bettor. In this article, we'll guide you through the ins and outs of sportsbooks, betting lines, and ways to optimize your payout! Let's start by recounting all the possible ways to display odds. Bookmakers across the world use the following types of odds:.
Since our focus lies on the meaning of the plus sign and the minus sign, we focus on the American odds. These are also called the moneyline odds, as lots of sports bettors use this odds type for their moneyline bets. This NFL game was the final game of the season, and there was no clear favorite. Still, the oddsmakers have to choose which party is the underdog, and which is the favorite. The moneyline odds for Super Bowl 54 at BookMaker sportsbook looked like this:.
In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite. Since both numbers behind the plus and minus signs were close to , you could tell that both teams were a close match for each other. With odds like this, you could have expected a game full of fireworks. Once you understand the meaning of the signs that you see a lot across the sports betting landscape, it's time to dive into practical matters.
It should be clear that with the American odds, you can make way more bets than simply the moneyline bets. We want to show a few of the most popular examples and point out how to calculate your potential payout. The kind of bets you can start wagering on today are:.
We slightly went into the moneyline bets already, but we want to provide a deeper understanding of this type of bet. To calculate your payout for a moneyline bet, you should know that the holy number is dollars. Let's imagine Bill from Las Vegas wants to place a bet on this match. The odds are as follows:. In this example, the Los Angeles Lakers are the favorite, while the Warriors are the underdog.
Straight bets are types of betting wagers on a single sporting event that carries a point spread, the final score of a game, moneyline, run line or puck line. You might wonder, doesn't that cover basically all games? The difference here is that a bet is only straight up when it regards a single sporting event -- the bet should not cross multiple games. This term is very common across moneyline bets as they always regard a single game.
Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted.
If bettors had wagered on Dallas on Monday, that means they would be at a disadvantage compared to bettors who waited until Thursday because the Thursday bettors now only need Dallas to win by four points instead of five. But it can also go the other way:. Yes, in fact, sportsbooks also release spreads for different points in the match like after the first quarter or first half, which is called live betting or in-game betting.
As you can see, Dallas is a 2. Look for key numbers such as five and seven because they tend to represent two- and three-possession games. In both cases, the spread is almost always If New York pulls off an outright upset, then that is also a winning wager.
Need more winning picks? The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country.
Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Oddshark logo linked to Home. Close Menu. Odds Shark Top Sportsbooks 1.
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