If you are planning to enter the betting world, it is important to be able to understand and interpret all types of odds well. Let’s say a betting website priced an NFL game between the Pittsburgh Steelers and the Kansas City Chiefs with the following money line odds. Look for an Over 0.5 Goals at odds of around 1.10. Considering the nature of this market, there probably won’t be too many options. However, be persistent, and remember to check smaller leagues.
A person interested in betting on the Titans would have DraftKings as their best option since eight points is less for a favorite to cover than nine. Since point spreads are volatile, the timing of a bet can be crucial. If a bettor sees an opening line that they predict will move significantly, they want to get in early before it shifts. Once it changes in the predicted direction, not only does that bettor have a positive EV bet, but it also opens up opportunities to middle the bet or place an arbitrage bet.
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You would win $13 against every $5 you wager on Brooklyn to be the champions. Meanwhile, you’d win $9 against each $2 you put at stake for Golden State to win, which is a bit less probable.
Sports betting comes in many different shapes and sizes. At its core, sports betting is putting money behind an outcome of your choice and getting paid if that outcome is achieved. If a bet is on the winner of a game, that is called a moneyline bet.
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Next in Betting Education 101: Point Spreads
It’s important to know how to calculate these to increase your wins and cut down on losses. Fractional odds are most common in the United Kingdom and is the betting type that can be a little difficult to understand. To calculate the potential amount you could win, you have to make sure you add in your original wager.
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