Sportsbet: Where Winning Happens – Is that little -110 near the bookmaker’s preferred bet? This may be old to seasoned US sports bettors, but it’s not what most people around the world see, and it probably doesn’t make sense to most newbies.
Therefore, this format is called American coefficients and is used only in the USA. Decimal and fractional coefficients are more common in the world.
Sportsbet: Where Winning Happens
American odds focus on winning or betting $100 on a particular bet, although you don’t have to bet $100. They vary depending on the amount of your bet.
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So if you bet on the Yankees at -130, you have to risk $130 and win $100 if New York wins the game (plus your original $130).
So if you bet the Red Sox +120, you risk $100 and win $120 if Boston wins the game (plus your original $100).
It might be easier to think in terms of dollars rather than $100. So for every $1.30 you risk against the Yankees in this game, you win $1. For every $1 you risk on the Red Sox, you win $1.20.
Ohio State is considered the stronger team in this game, so the Buckeyes are the favorites on DraftKings. Based on these odds, Ohio State is expected to win about 70% of the time.
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To bet -250 Ohio State to win, you have to risk $2.50 for every $1 you want to win. Remember, OSU just needs to win the game.
Since the money line only requires picking a winner, we only need the odds. We don’t need any scattered point or line.
A second way to use American probabilities is near a matching line, such as a point spread or over/under.
The odds determine how much you should risk, but not what has to happen for you to win the bet.
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You only risk $1.10 for every $1 you want to win when you bet Ohio State -6.5, but you have to win the game by at least 7 points.
The same goes for Penn State +6.5 — you only risk $1.10 for every $1 you want to win. If the Nittany Lions lose by 1-6 points or win the game, you win your bet.
In most cases, the spread on football and basketball games will be -110 – only 10% of your bet, as the spread makes things even.
For lower-scoring sports, the points are spread thinly (often -1.5), but the odds on each side will be different because it’s harder for a baseball, soccer, or hockey team to win by a few goals.
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For example, you might be paid +150 Betting Yankees -1.5 against the Red Sox, and you have to risk -200 for the Red Sox +1.5 in the same game.
Decimal odds: Your total return for each dollar at risk (including this dollar). Anything above 2.0 means the team or player has more money; anything below 2.0 and that’s minus the money.
So if the Jets are 2.5 on the money line against the Bills, you get back $2.50 for every dollar bet, a $1.5 profit (since the original $1 was included on your way back).
Raising $2.50 for every $1 you want to win at Ohio State seems unfair when you’re only paying $2 for every $1 you want to risk at Penn State.
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This difference in odds is called “juice” or “vigorish” – it is essentially a tax that the bookmaker charges for your actions.
On thousands of bets, this commission adds up and most players find it difficult to become profitable.
Eventually, figuring out how much -120 returns when you risk $60 (that’s $50) will become second nature. And sportsbooks from PointsBet to FanDuel still calculate your bets automatically. You can also use our odds converter.
But if you want to calculate the amount of your bets yourself, here’s some simple math.
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There are two ways to calculate each – depending on how much you want to make, or how much you want to win.
Let’s say you want to win $25 betting on the Yankees at -130 – you’re willing to risk a little more money to get $25.
In the formula below, enter $25 as the winning amount and -130 as the money line. It is $32.50, which means you have to risk that much to win $25.
Preferred Method #2: The second method is to calculate how much you will win if you bet a certain amount. Let’s say you’re comfortable betting just $25 on the Yankees at -130, knowing you’ll get a little less profit if they win.
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In the formula below, enter $25 as the winning amount and -130 as the money line. That’s $19.23.
Outsider Method #1: There are two more options for outsiders. The first is to calculate how much you want to win based on the set bet amount.
Let’s say you want to bet $40 on Tony Ferguson. Enter $40 and +230 into the formula below.
Outsider Method #2: The second option is to calculate how much you need to bet to win a certain amount.
What Does
If you want to win $100 on Ferguson when his moneyline is +230, do the following for a bet of $43.48:
Amount won / (money line / 100) $100 / (230 / 100) = $43.48 Next in Betting Education 101: Point Spreads
This site contains commercial content. We may receive compensation for links provided on this page. The content of this page is for informational purposes only. Action Network makes no representations or warranties as to the accuracy of the information provided or the outcome of any game or event. Although they are more difficult to place than a regular bet, there have been cases where players have defied the odds and gotten huge results. cash prizes
Place a bet that contains several options in different sporting events. For your bet to win and acca to come out, all legs must be winning.
How Do Betting Odds Work In Sports?
The 2022 NFL Conference Championship Sunday was the culmination of many people’s 2021 sports calendars, with both games coming to a close.
Picking a winner in both games was quite difficult, but picking the right scores seemed almost impossible.
Incredibly, one punter managed to beat the odds, using $20 (~£16) on FanDuel to place a bet of 29,000/1 thanks to two field goals.
One was hit by Bengals rookie Evan McPherson in overtime and the other by Matt Gay of the Los Angeles Rams late in regulation.
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However, this bettor was willing to bet a whopping $40,000 (£32,744) that the favorites would be too strong for underdogs in 10 football games, eight in college ball and two in the NFL.
The favorites on the map were the Green Bay Packers (-1100), who took part in the fight against the Jacksonville Jaguars franchise.
Amazingly, the Jaguars, who finished the season 1-15, led the Packers 20-17 in the fourth quarter.
However, a late touchdown by the Packers would see them steal the win, earning the punter more than $700,000 (£573,019) and forcing William Hill to hand out their second big payday in as many weeks.
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After all, if the championship is already decided, how can you be sure that two or the other sides are going to play at their maximum capacity?
Betting on FanDuel hasn’t let those questions get in the way, posting a 12-leg line that predicts the outcome of each Sunday’s 2021 Ryder Cup matchup.
America had all but secured the cup in the previous days, needing just 3-1/2 points to clinch the title.
Even so, the anonymous player from Illinois predicted all the right winners, including a guaranteed meeting between rookie Scotty Scheffler and the best golfer in the world.
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Even more impressively, the player predicted two draws with an incredible array of bets that earned him a well-deserved payout.
The Coke Zero Sugar 400 is a 160-lap NASCAR race held annually at Daytona International Speedway.
The high octane number and frequency of crashes make predicting the outcome of any NASCAR race very difficult.
But recently, a FanDuel Sportsbook player was able to correctly predict four players who would finish in the top 10. What makes this even more impressive is that almost all of the player picks were longshots.
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That gamble came thanks to a huge crash that wiped out most of the leaders with just 23 laps to go. This cleared the way for all the players who could make it to the top 10.
The Punchestown Festival brings the curtain down on the show jumping season in Ireland, so some of Ireland’s best racehorses are on display.
The intrepid punter, who wished to remain unnamed, put the drives on the Friday of the 2017 meeting, the day of the Punchestown Champion Hurdles.
With Das Mooser (10/1), Woodland Opera (9/2), Definite Ruby (7/1), Bacardys (10/1) and Canardier (33/1) entered, bookmaker Coral paid out the biggest race in its history .
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Most acca bettors tend to bet on one or two sports. This makes betting easy and means they can bet on the sports they understand best.
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