How To Read Sports Betting Odds And Lines Like A Successful Professional
The key to finding success in sports betting
is knowing how to read and interpret the betting odds and lines. Sports betting is not as simple as just taking the team
you think is going to win, as experienced gamblers never
solely look for a team or matchup they like. Instead, they are
looking for the most favorable betting odds or lines, as this
is the best way to find value. Betting odds and lines can seem
complicated, but once you get the basics down, it can be easy
to quickly and efficiently interpret odds and lines.
What are Sports Betting Odds?
The odds are the determined probability of a
given outcome. For example, in every football game, there are
odds assigned to both of the two competing teams for winning
the game, which is known as the Moneyline. Not only do the
odds determine the probability of a given outcome, but they
also, determine how much you will win by betting on that
specified outcome. When looking at betting odds, it is
important to remember the odds do not perfectly reflect the
probability of each expected outcome. The goal of a sportsbook
is to set odds so that there is equal action on both outcomes,
and there is also a vig added into the odds that must be
accounted for.
What are Sports Betting Lines?
Betting the Moneyline is not always
an effective way to bet on a game. In sports like tennis and
baseball, the Moneyline is the most popular way to bet on the
games or matches. However, in higher-scoring games like
basketball and football, betting the point spread is very
popular. The line is a prediction of the expected outcome of
the game in question. However, in higher-scoring games like
basketball and football, betting the point spread is very
popular. Similar to betting odds, the goal of the sportsbook
is to get action on both sides of the line, so the line will
move over time to reflect this.
What Do + and - Mean in Odds and
Lines?
The first step to understanding odds and
lines is being able to identify what the various “+” and “-”
signs mean. The + and - sign allows the bettor to identify the
favorite and the underdog. A + sign next to the odds or a line
signifies that the listed team is the underdog, while a - sign
signifies the favorite. For example, if a football team has +7
next to their team name, that means they are expected to lose
by 7 points. Conversely, if you gamble on a team that is
listed at -7, that means that you are betting that the team
will win by at least 7 points. The same goes for odds. For
example, a team listed at +130 is an underdog and a team at
-130 is the favorite.
How to Read Sports Betting Odds.
The betting odds attached to a given outcome
lets you know your prospective payout if the bet wins. For a
favorite, the negative number lets you know how much money you
would need to bet in order to win $100. For example, if a team
is a -300 favorite to win, then you need to bet $300 to win
$100, giving you a total payout of $400 on your initial $300
investment if they do in fact win. The odds also let you know
how likely it is that a favorite will win. If a favorite is
listed at -1000, they are considered very likely to win, but
if they are listed at -110 it should be a very close
game.
For an underdog, the positive number lets
you know the amount of money you would win by placing a $100
bet. For example, if the team is a +300 underdog to win, then
a $100 bet would result in you winning $300, for a total
payout of $400 on your initial $100 investment.
While betting odds are always on this $100
scale, you can bet in any increment you like. However, betting
in random dollar amounts can sometimes make the math to
calculate potential winnings a little complicated. Finally, if
the game results in a tie, the bet is a “push”, which means
you simply recoup your initial bet with no additional winnings
or losses.
How to Read Sports Betting Lines.
Betting lines also called the “spread”, are
a prediction of both the outcome of a game as well as the
distribution of bets of the gambling public. As mentioned
earlier, a line is set so that there is an equal amount of
action on both sides of the line. So if the line in a football
game is set at -7 in favor of the home team, that means that
the sportsbook believes that an equal amount of action will be
put on the home team winning by 7 and the away team losing by
less than 7 points.
Betting the Favorite.
A great way to think about betting on a line
is that you are adding or subtracting the number you bet on to
the final score of the game. For example, let's return to the
example above in which the home team is favored by 7 points
(-7). At the conclusion of the game, you need to subtract 7
points away from the home team’s score. If after subtracting 7
the home team is still up, you have a winner. So if the home
team wins 24-13, after subtracting 7 points the home team
still wins 17-13, meaning you win your bet! However, if the
final score had the home team winning 24-21, you lose, since
subtracting 7 points means the score would be 17-21.
There is also the possibility of a push when
betting the line. A push occurs when after adding or
subtracting the spread, the two teams tie. For example, if the
final score in the above example had the home team winning
24-17 and you bet the home team -7, the adjusted score would
be 17-17. This results in a push.
Betting the Underdog.
The same logic goes to betting an underdog,
except you add the line to the final score instead of
subtracting it. For example, if you bet a +7 underdog, you add
that seven points to the final score. So if the underdog lost
24-20, adding 7 points to their total makes the score 24-27,
meaning you won your bet.
Betting Odds on the Spread.
Another factor in the sportsbook trying to
drive equal action to both sides of the line is the odds
attached to each side of the line. The line does not have a
straight 1:1 payout for both outcomes. Instead, there are
different betting odds assigned to both sides of the spread
that reflect the action each side is getting. Let’s look at
the -7 home favorite example for a further investigation of
what this could look like. Hypothetically, let’s say that much
more people are betting on the +7 away team than the -7 home
team. Before the line moves to 6.5, the odds will shift to
reflect this change in betting behavior. In order to bet the
away team at +7, the odds may move to -115. This means you
need to bet $115 to win $100. Conversely, to bet the -7 home
team, the odds will be set at -105, trying to entice bettors
since they only have to pay $105 to win $100.
Pick ‘Em.
In some situations, the two teams can be so
close that there is no line. In these situations, the line
will be listed as a “Pick ‘Em” or simply “Pick”, implying that
the bettor just needs to pick a winner. There will be listed
odds for each team winning.
No Line.
Sometimes no line will be listed, meaning
that no bets will be taken on this game. There is a good
reason for this, usually stemming from uncertainty surrounding
whether a key player will suit up because of an injury,
suspension, or trade.
Important Tips to Consider When Evaluating
Odds and Lines.
There are some important things to keep in
mind if you are trying to find an edge when betting the odds
or lines. Below are three tips to consider:
>The home
team always gets a boost.When looking at the odds, keep in mind that
sportsbooks usually give the home team an implicit edge, since
statistically speaking the home team has a built-in
advantage.
> There are “public” teams that get
a penalty.There are certain
teams that have such nationwide popularity that in order to
get even action on both sides, there is a penalty to taking
the popular team. That means that these public teams usually
have less favorable odds than they would if they were just
another normal team. Examples of these teams include the
Lakers, Cowboys, and Yankees.
> Get help from expert
handicappers.There are
expert handicappers that specialize in finding odds or lines
that offer bettors an advantage. If you are serious about
sports betting, find a website withexpert
sports picks and handicappers.
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Katie Ledecky dominates women's 400m freestyle at TYR Pro Swim Series | NBC Sports
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Published: 5th Mar 2021 03:42:46 By: NBC Sports
Sports News Video: George Washington Colonials vs. George Mason Patriots | EXTENDED HIGHLIGHTS | 3/4/21 | NBC Sports
Jordan Miller picks up 19 points and 10 rebounds while Ronald Polite adds 17 points as No. 6 George Mason tops No. 11 George Washington, 73-59, in the second round of the Atlantic 10 Conference tournament. #NBCSports #NCAABK #A10 #GeorgeWashingtonColonials #GeorgeMasonPatriots
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NBC Sports Group serves sports fans 24/7 with premier live events, insightful studio shows, and compelling original programming. NBC Sports is an established leader in the sports media landscape with an unparalleled collection of sports properties that include the Olympics, NFL, Premier League, NHL, NASCAR, PGA TOUR, the Kentucky Derby, Tour de France, French Open, IndyCar and many more. Subscribe to our channel for the latest sporting news and highlights!
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George Washington Colonials vs. George Mason Patriots | EXTENDED HIGHLIGHTS | 3/4/21 | NBC Sports
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Published: 5th Mar 2021 03:20:13 By: NBC Sports
Sports News Video: Simone Manuel wins women's 100 free at TYR Pro Swim Series | NBC Sports
Simone Manuel edges Abbey Weitzeil by six one-hundredths and finishes first with a time of 54.62 to win the women's 100 free A-final at the TYR Pro Swim Series in San Antonio, Texas. #NBCSports #Swimming #TYRProSwimSeries #SimoneManuel
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NBC Sports Group serves sports fans 24/7 with premier live events, insightful studio shows, and compelling original programming. NBC Sports is an established leader in the sports media landscape with an unparalleled collection of sports properties that include the Olympics, NFL, Premier League, NHL, NASCAR, PGA TOUR, the Kentucky Derby, Tour de France, French Open, IndyCar and many more. Subscribe to our channel for the latest sporting news and highlights!
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Simone Manuel wins women's 100 free at TYR Pro Swim Series | NBC Sports
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Published: 5th Mar 2021 03:07:12 By: NBC Sports
Sports News Video: Reviewing the BIGGEST moments from the Netball Superleague | Plus Madi Browne | Off The Court
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Hannah Wilkes & Tamsin Greenway review the action from this week's Vitality Netball Superleague & speak to Madi Browne, who will be joining Leeds Rhinos in 2022 after her contract was deferred for a year - due to an injury & the coronavirus pandemic. #OffTheCourt
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Published: 4th Mar 2021 06:00:10 By: Sky Sports
Sports News Video: Should LeBron pick Steph Curry first in the All-Star Draft? | NBA Heatcheck
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We’ve not seen these two superstars ball together, but Jaydee is hoping that this year’s All-Star game finally brings us this truly dynamic duo. Do the Heatcheck crew of Ovie Soko, BJ Armstrong, and Mo Mooncey agree? Crucially - does LBJ? Catch the All-Star Draft on Sky Sports tomorrow morning.
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Published: 4th Mar 2021 03:00:13 By: Sky Sports
Sports News Video: Is Israel Adesanya playing mind-games with Jan Błachowicz over his weight? | Mark Weir's preview
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Former UFC middleweight Mark Weir looks ahead to Amanda Nunes vs Megan Anderson at UFC 259. Can Anderson produce one of the biggest upsets in UFC history when she faces the Champ Champ Amanda Nunes this weekend?
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Published: 3rd Mar 2021 05:00:19 By: Sky Sports
Sports News Video: Will Adesanya be able to deal with Blachowicz's power? | Fabian Edwards breaks down UFC 259
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Bellator middleweight Fabian Edwards looks ahead to the champ vs champ showdown between Israel Adesanya and Jan Blachowicz. As the UFC middleweight Adesanya steps up to light-heavyweight, will the ‘Last Stylebender’ be able to deal with the power that the LHW champion will bring? Or will Adesanya’s speed just be to much for the Polish fighter? Fabian breaks down the fight!
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Published: 2nd Mar 2021 08:07:28 By: Sky Sports
Olympic News Video: The greatest swimming comeback of all time? | Throwback Thursday
This week's Throwback Thursday video features the triumph of the American Swimming team in the men's 4×100 meter freestyle relay at the 2008 Summer Olympics in Beijing (CHN). The team was composed of Michael Phelps, Garrett Weber-Gale, Cullen Jones and Jason Lezak - Enjoy watching!
What is your favorite Olympic moment of all time? Let us know in the comments below and it might be featured in the next #ThrowbackThursday!
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Published: 4th Mar 2021 12:00:13 By: Olympics
Olympic News Video: Every Laurie Hernandez 🇺🇸 Rio 2016 Routine! | Athlete Highlights
American artistic gymnast Laurie Hernandez won the team gold medal at the 2016 Summer Olympics in Rio, alongside the superstar team that was the Final Five. The Americans won every event, scoring a total of 184.897, more than eight points higher than second-place team Russia and third-place team China. Laurie was the first competitor on vault and floor exercise for the USA team. She contributed to the overall score with 15.100 on vault, 15.233 on beam and 14.833 on floor exercise. Following on from team success, Laurie Hernandez won a silver medal on the balance beam with a score of 15.333. She placed ahead of US teammate Simone Biles, and behind Sanne Wevers of the Netherlands, who won gold with a score of 15.466. Enjoy watching all of Hernandez' Rio 2016 routines!
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Published: 3rd Mar 2021 12:00:04 By: Olympics
Olympic News Video: Master undulation in the Butterfly ft. Dylan Carter | Olympians' Tips
Olympic Swimmer Dylan Carter from Trinidad and Tobago shows you how to master the undulation in the discipline of Butterfly. Undulation in Butterfly is so important because it saves your energy throughout the race rather than just powering throw with your upper body. Enjoy watching!
Always remember:
1) Two kicks to every pull
2) Use chest to start undulation
3) Consistent rhythm
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Published: 2nd Mar 2021 12:00:11 By: Olympics
Olympic News Video: Stéphane Lambiel's Comeback to "La Traviata" at Vancouver 2010 | Music Monday
At the Olympic Winter Games 2010 in Vancouver, Stéphane Lambiel performed his Figure Skating program to "La Traviata" from Giuseppe Verdi. He made his comeback to the competition after announcing his retirement back in 2008 due to an injury. Enjoy watching his performance !
Are you missing your favorite Olympic performance to music? Just let us know in the comments and we will add them to a future #MusicMonday!
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Published: 1st Mar 2021 12:00:06 By: Olympics
Olympic News Video: The Dangers of Halfpipe Riding | Halfpipe Hype | Ep. 2
Is halfpipe riding the most dangerous Olympic sport? Athletes reveal the dangers and fears they must overcome to succeed.
Experience the unique sensory feeling of flying off the halfpipe with some of the world’s best riders. Stories about the joy, the dangers, the science, the evolution, the highest air record, and the obsession with amplitude, told by snowboarders Scotty James, Ayumu Hirano, Chase Josey, Maddie Mastro, Taylor Gold, Pat Burgener, Leilani Ettel and skier Dylan Marineau: http://oly.ch/HalfpipeHype_EN
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Published: 28th Feb 2021 12:00:21 By: Olympics
Sports Video: No. 3 Baylor holds off Cade Cunningham & Oklahoma State [HIGHLIGHTS] | ESPN College Basketball
Check out highlights from the Big 12 as the No. 3 Baylor Bears host Cade Cunningham and the Oklahoma State Cowboys.
#CollegeBasketball #Baylor #CadeCunningham
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Published: 5th Mar 2021 02:41:20 By: ESPN
Sports Video: Baker Mayfield and wife Emily Wilkinson ‘almost 100%’ saw a UFO | New York Post
Baker Mayfield’s offseason is out of this world.
On Wednesday, the Cleveland Browns quarterback claimed he and wife Emily Wilkinson witnessed a real-life UFO while driving home from dinner.
“Almost 100%, Em and I just saw a UFO drop straight out of the sky on our way home from dinner… we stopped and looked at each other and asked if either of us saw it…,” Mayfield tweeted.
#BakerMayfield
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Published: 4th Mar 2021 10:31:24 By: New York Post
Sports Video: Israel Adesanya calls Jon Jones a 'clout trout' as he previews his UFC 259 fight | First Take
Israel Adesanya calls Jon Jones a 'clout trout' as he previews his UFC 259 fight | First Take
Israel Adesanya joins First Take for an interview ahead of his UFC 259 fight vs. Jan Blachowicz.
#FirstTake
0:00 Adesanya describes what capturing the light heavyweight title would mean to him.
3:03 Stephen A. Smith asks Adesanya who he will fight next and Adesanya uses the opportunity to take a jab at Jon "Bones" Jones.
4:33 Adesanya says he is using his UFC 259 fight to showcase all his skills.
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Published: 4th Mar 2021 05:59:23 By: ESPN
Sports Video: Stephen A. and Max debate the NBA MVP race: James Harden, Joel Embiid and LeBron | First Take
Stephen A. and Max debate the NBA MVP race: James Harden, Joel Embiid and LeBron | First Take
Stephen A. Smith and Max Kellerman debate whether James Harden is leading the NBA MVP race.
#FirstTake #NBA
0:00 Stephen A. Smith says "James Harden is flat-out balling!"
1:15 Max Kellerman says Joel Embiid is the NBA MVP frontrunner.
3:24 Stephen A. says Harden has played at an elevated level with the Brooklyn Nets.
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Published: 4th Mar 2021 07:12:07 By: ESPN
Sports Video: How will Ben Roethlisberger fare in 2021 return to Steelers? | Pro Football Talk | NBC Sports
Pittsburgh has decided to bring back Ben Roethlisberger for one more year. Mike Florio and Charean Williams look at the deal, Big Ben's pay cut and how next season will play out for both parties. #NBCSports #ProFootballTalk #NFL #Steelers #BenRoethlisberger
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NBC Sports Group serves sports fans 24/7 with premier live events, insightful studio shows, and compelling original programming. NBC Sports is an established leader in the sports media landscape with an unparalleled collection of sports properties that include the Olympics, NFL, Premier League, NHL, NASCAR, PGA TOUR, the Kentucky Derby, Tour de France, French Open, IndyCar and many more. Subscribe to our channel for the latest sporting news and highlights!
Mike Florio, creator of the industry-leading Profootballtalk.com, offers his NFL insight alongside regular guests, including former NFL athletes such as Chris Simms. Pro Football Talk informs and entertains with the most up-to-date news and analysis surrounding the topical NFL stories of the day.
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How will Ben Roethlisberger fare in 2021 return to Steelers? | Pro Football Talk | NBC Sports
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Published: 4th Mar 2021 11:09:50 By: NBC Sports
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