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Sports Betting Advice

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.

How To Read Sports Betting Odds And Lines Like A Professional: Betting Games And Matches Guide

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 with expert sports picks and handicappers.





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Sports News Video: Jesse Marsch boosts U.S. soccer by saving Leeds from relegation | Pro Soccer Talk | NBC Sports


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Joe Prince-Wright, Nick Mendola and Andy Edwards assess Jesse Marsch's successful mission to rescue Leeds from relegation and the ramifications for U.S. soccer as a whole. #NBCSports #ProSoccerTalk #JesseMarsch » Subscribe to NBC Sports: https://www.youtube.com/nbcsports?sub_confirmation=1 » Watch Live Sports on NBCSports.com: http://www.nbcsports.com/live » Get more Premier League news on NBC Sports: https://nbcsports.com/soccer/premier-league Want more Premier League? Check out Peacock Premium: https://peacocktv.com/premierleague 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, 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! The Premier League across NBC Sports Group launched in 2013 with their biggest and broadest programming commitment to-date in the United States. With live multi-platform coverage of all 380 games, analysis from best-in-class talent and extensive surrounding coverage all week long, NBC Sports Group has become the ultimate destination for new and existing Premier League fans. The Premier League maintains strong and consistent reach across NBC, USA Network, CNBC, and NBC Sports Group’s live streaming products, led by the biggest stars and most prestigious teams in the world. Visit NBC Sports: https://www.nbcsports.com Find NBC Sports on Facebook: https://www.facebook.com/NBCSports Follow NBC Sports on Twitter: https://twitter.com/nbcsports Follow NBC Sports on Instagram: https://www.instagram.com/nbcsports/ https://www.nbcsports.com/nfl/sunday-night-football https://nbcsports.com/motors/nascar https://nbcsports.com/soccer/premier-league Jesse Marsch boosts U.S. soccer by saving Leeds from relegation | Pro Soccer Talk | NBC Sports https://www.youtube.com/nbcsports

Published: 24th May 2022 01:14:52   By: NBC Sports

Sports News Video: Premier League 2021-22 End-of-Season Awards | Pro Soccer Talk | NBC Sports


Related Videos On: Premier League 2021-22 End-of-Season Awards | Pro Soccer Talk | NBC Sports


Joe Prince-Wright, Andy Edwards and Nick Mendola dish out end-of-season awards and their favorite moments from a memorable 2021-22 Premier League campaign. #NBCSports #PremierLeague » Subscribe to NBC Sports: https://www.youtube.com/nbcsports?sub_confirmation=1 » Watch Live Sports on NBCSports.com: http://www.nbcsports.com/live » Get more Premier League news on NBC Sports: https://nbcsports.com/soccer/premier-league Want more Premier League? Check out Peacock Premium: https://peacocktv.com/premierleague 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, 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! The Premier League across NBC Sports Group launched in 2013 with their biggest and broadest programming commitment to-date in the United States. With live multi-platform coverage of all 380 games, analysis from best-in-class talent and extensive surrounding coverage all week long, NBC Sports Group has become the ultimate destination for new and existing Premier League fans. The Premier League maintains strong and consistent reach across NBC, USA Network, CNBC, and NBC Sports Group’s live streaming products, led by the biggest stars and most prestigious teams in the world. Visit NBC Sports: https://www.nbcsports.com Find NBC Sports on Facebook: https://www.facebook.com/NBCSports Follow NBC Sports on Twitter: https://twitter.com/nbcsports Follow NBC Sports on Instagram: https://www.instagram.com/nbcsports/ https://www.nbcsports.com/nfl/sunday-night-football https://nbcsports.com/motors/nascar https://nbcsports.com/soccer/premier-league Premier League 2021-22 End-of-Season Awards | Pro Soccer Talk | NBC Sports https://www.youtube.com/nbcsports

Published: 24th May 2022 01:14:06   By: NBC Sports

Sports News Video: LIVE NETBALL! Leeds Rhinos v Saracens Mavericks | Vitality Netball Superleague


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►SUBSCRIBE: http://bit.ly/SkySportsSub Leeds Rhinos take on Saracens Mavericks in the Vitality Netball Superleague. Photo: Benlumleyphoto MORE FROM SKY SPORTS ON YOUTUBE: ►SKY SPORTS FOOTBALL: http://bit.ly/SSFootballSub ►SKY SPORTS BOXING: http://bit.ly/SSBoxingSub ►SKY SPORTS CRICKET: http://bit.ly/SubscribeSkyCricket ►SOCCER AM: http://bit.ly/SoccerAMSub ►SKY SPORTS F1: http://bit.ly/SubscribeSkyF1 ►SKY SPORTS: http://bit.ly/SkySportsSub ►SKY SPORTS GOLF: https://bit.ly/SubscribeSkySportsGolf ►TWITTER: https://twitter.com/skysports ►FACEBOOK: http://www.facebook.com/skysports ►WEBSITE: http://www.skysports.com

Published: 21st May 2022 04:16:32   By: Sky Sports

Sports News Video: LIVE NETBALL! Team Bath v Wasps | Vitality Netball Superleague


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►SUBSCRIBE: http://bit.ly/SkySportsSub Team Bath take on Wasps in the Vitality Netball Superleague. Photo: Benlumleyphoto MORE FROM SKY SPORTS ON YOUTUBE: ►SKY SPORTS FOOTBALL: http://bit.ly/SSFootballSub ►SKY SPORTS BOXING: http://bit.ly/SSBoxingSub ►SKY SPORTS CRICKET: http://bit.ly/SubscribeSkyCricket ►SOCCER AM: http://bit.ly/SoccerAMSub ►SKY SPORTS F1: http://bit.ly/SubscribeSkyF1 ►SKY SPORTS: http://bit.ly/SkySportsSub ►SKY SPORTS GOLF: https://bit.ly/SubscribeSkySportsGolf ►TWITTER: https://twitter.com/skysports ►FACEBOOK: http://www.facebook.com/skysports ►WEBSITE: http://www.skysports.com

Published: 20th May 2022 08:17:59   By: Sky Sports

Sports News Video: Doncic is the best player left??!! 👀 | Western Conference Finals Preview | HeatCheck


Related Videos On: Doncic is the best player left??!! 👀 | Western Conference Finals Preview | HeatCheck


►SUBSCRIBE: http://bit.ly/SkySportsSub Jaydee Dyer is joined by 3-time NBA Champion BJ Armstrong and the Hoop Genius Mo Mooncey to discuss the Western Conference Finals, Dallas Mavericks take on Golden State Warriors! Can Luka Doncic cause another upset? Will Steph and Klay roll back the years? Let us know your thoughts in the comments below, and don’t forget to catch every Conference Finals game live on Sky Sports. MORE FROM SKY SPORTS ON YOUTUBE: ►SKY SPORTS FOOTBALL: http://bit.ly/SSFootballSub ►SKY SPORTS BOXING: http://bit.ly/SSBoxingSub ►SKY SPORTS CRICKET: http://bit.ly/SubscribeSkyCricket ►SOCCER AM: http://bit.ly/SoccerAMSub ►SKY SPORTS F1: http://bit.ly/SubscribeSkyF1 ►SKY SPORTS: http://bit.ly/SkySportsSub ►SKY SPORTS GOLF: https://bit.ly/SubscribeSkySportsGolf ►TWITTER: https://twitter.com/skysports ►FACEBOOK: http://www.facebook.com/skysports ►WEBSITE: http://www.skysports.com

Published: 18th May 2022 05:30:07   By: Sky Sports

Sports News Video: FULL MATCH NBA PLAYOFFS! | Bucks @ Celtics 🏀 | Game 7


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►SUBSCRIBE: http://bit.ly/SkySportsSub Join us for live action from the NBA playoffs as the bucks take on the Celtics for a place in the Eastern Conference finals! MORE FROM SKY SPORTS ON YOUTUBE: ►SKY SPORTS FOOTBALL: http://bit.ly/SSFootballSub ►SKY SPORTS BOXING: http://bit.ly/SSBoxingSub ►SKY SPORTS CRICKET: http://bit.ly/SubscribeSkyCricket ►SOCCER AM: http://bit.ly/SoccerAMSub ►SKY SPORTS F1: http://bit.ly/SubscribeSkyF1 ►SKY SPORTS: http://bit.ly/SkySportsSub ►SKY SPORTS GOLF: https://bit.ly/SubscribeSkySportsGolf ►TWITTER: https://twitter.com/skysports ►FACEBOOK: http://www.facebook.com/skysports ►WEBSITE: http://www.skysports.com

Published: 15th May 2022 10:39:13   By: Sky Sports

Sports News Video: LIVE BBL PLAYOFF FINAL! | Leicester Riders v London Lions | British Basketball League


Related Videos On: LIVE BBL PLAYOFF FINAL! | Leicester Riders v London Lions | British Basketball League


►SUBSCRIBE: http://bit.ly/SkySportsSub Live action from the BBL playoff final as the Leicester Riders take on London Lions. MORE FROM SKY SPORTS ON YOUTUBE: ►SKY SPORTS FOOTBALL: http://bit.ly/SSFootballSub ►SKY SPORTS BOXING: http://bit.ly/SSBoxingSub ►SKY SPORTS CRICKET: http://bit.ly/SubscribeSkyCricket ►SOCCER AM: http://bit.ly/SoccerAMSub ►SKY SPORTS F1: http://bit.ly/SubscribeSkyF1 ►SKY SPORTS: http://bit.ly/SkySportsSub ►SKY SPORTS GOLF: https://bit.ly/SubscribeSkySportsGolf ►TWITTER: https://twitter.com/skysports ►FACEBOOK: http://www.facebook.com/skysports ►WEBSITE: http://www.skysports.com

Published: 15th May 2022 05:46:52   By: Sky Sports

Olympic News Video: Fun fact: Tug of war was an Olympic sport from 1900 - 1920 🤯


Related Videos On: Fun fact: Tug of war was an Olympic sport from 1900 - 1920 🤯


📲 Subscribe to @olympics: http://oly.ch/Subscribe #shorts _____________________________________________________ 🇨🇳 #Beijing2022 replays: https://oly.ch/B22Replays 🇯🇵 #Tokyo2020 replays: https://oly.ch/T20Replays 🗞️ News from the Olympic world: https://oly.ch/News

Published: 23rd May 2022 03:00:01   By: Olympics

Olympic News Video: Ellie Black's BEAUTIFUL performance to “Guerilleros”! 🤸‍♀️


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📲 Subscribe to @olympics: http://oly.ch/Subscribe Check out Elsabeth Black's amazing floor performance at the Tokyo 2020 Olympics! She is one of Canada's best gymnasts and has been achieving top finishes at the Olympics since 2012. Have fun watching her great routine to a great song! _____________________________________________________ 🇨🇳 #Beijing2022 replays: https://oly.ch/B22Replays 🇯🇵 #Tokyo2020 replays: https://oly.ch/T20Replays 🗞️ News from the Olympic world: https://oly.ch/News

Published: 23rd May 2022 11:00:24   By: Olympics

Olympic News Video: 2008 Lionel Messi was something else 🤯


Related Videos On: 2008 Lionel Messi was something else 🤯


📲 Subscribe to @olympics: http://oly.ch/Subscribe #Shorts _____________________________________________________ 🇨🇳 #Beijing2022 replays: https://oly.ch/B22Replays 🇯🇵 #Tokyo2020 replays: https://oly.ch/T20Replays 🗞️ News from the Olympic world: https://oly.ch/News

Published: 22nd May 2022 03:00:15   By: Olympics

Olympic News Video: Conquering Slopestyle, in 360° VR! 🏂


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📲 Subscribe to @olympics: http://oly.ch/Subscribe Experience Olympic Slopestyle from Beijing 2022, in 360° virtual reality! The video can be watched on all devices and there is no headset required! _____________________________________________________ 🇨🇳 #Beijing2022 replays: https://oly.ch/B22Replays 🇯🇵 #Tokyo2020 replays: https://oly.ch/T20Replays 🗞️ News from the Olympic world: https://oly.ch/News

Published: 22nd May 2022 11:00:06   By: Olympics

Olympic News Video: What Nadal really said to Lopez after they won gold...


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📲 Subscribe to @olympics: http://oly.ch/Subscribe Will @RafaNadal be bringing the spice to @Roland Garros this year? #Shorts _____________________________________________________ 🇨🇳 #Beijing2022 replays: https://oly.ch/B22Replays 🇯🇵 #Tokyo2020 replays: https://oly.ch/T20Replays 🗞️ News from the Olympic world: https://oly.ch/News

Published: 21st May 2022 03:00:13   By: Olympics

Sports Video: 'Best team in the NBA': Celtics fans ready for rebound against Heat in Game 4


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Despite dropping two of the first three games of the Eastern Conference Finals, Boston basketball fans are confident the C's can reach the NBA Finals. Subscribe to WCVB on YouTube now for more: http://bit.ly/1e8lAMZ Get more Boston news: http://www.wcvb.com Like us: https://www.facebook.com/wcvb5 Follow us: https://twitter.com/WCVB Instagram: https://www.instagram.com/wcvb5/

Published: 23rd May 2022 10:54:17   By: WCVB Channel 5 Boston

Sports Video: Laurence Holmes praises White Sox for responding to Josh Donaldson's comments | NBC Sports Chicago


Related Videos On: Laurence Holmes praises White Sox for responding to Josh Donaldson's comments | NBC Sports Chicago


On this episode of Unfiltered, Laurence Holmes joined David Kaplan to discuss Yankees' third baseman Josh Donaldson's racist comments toward White Sox shortstop Tim Anderson on Saturday. Holmes discussed the one-game suspension and gives his opinion on he thinks Tim Anderson's teammates reacted.  #NBCSportsChicago #ChicagoWhiteSox #NewYorkYankees #Unfiltered #DavidKaplan #TimAnderson #JoshDonaldson #LaurenceHolmes   For more White Sox content, download the new MyTeams app: https://bit.ly/MyTeamsApp  Visit NBC Sports Chicago: https://www.nbcsportschicago.com/whitesox  Find NBC Sports Chicago on Facebook: https://www.facebook.com/NBCSChicago  Follow White Sox Talk on Twitter: https://twitter.com/nbcswhitesox  Follow NBC Sports Chicago on Instagram: https://www.instagram.com/nbcschicago/    NBC Sports Chicago, a partnership between the Chicago Blackhawks (NHL), Chicago Bulls (NBA), Chicago White Sox (MLB) and the NBC Sports Group, features over 275 live pro games in high definition each year. In addition, NBC Sports Chicago delivers extensive pre/post-game coverage for its core pro team partners, as well as Chicago Bears and Chicago Cubs multi-platform coverage, plus - local sports discussion programs that includes SportsTalk Live, and massive cross-platform coverage provided by the network’s growing digital platform, NBCSportsChicago.com, the “MyTeams by NBC Sports” app, and its variety of fan-focused social media outlets. Fans can follow the network on Twitter via @NBCSChicago.    Laurence Holmes praises White Sox for responding to Josh Donaldson's comments | NBC Sports Chicago https://www.youtube.com/NBCSportsChicago

Published: 24th May 2022 01:02:08   By: NBC Sports Chicago

Sports Video: Report: Dwayne Haskins was intoxicated when he was hit, killed on Florida highway


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According to the Miami-Herald, the toxicology report shows Dwayne Haskins' BAC was .2, which is more than double Florida's legal limit.

Published: 23rd May 2022 09:08:02   By: WBNS 10TV

Sports Video: Owners reportedly counting votes for possible Daniel Snyder ouster | Pro Football Talk | NBC Sports


Related Videos On: Owners reportedly counting votes for possible Daniel Snyder ouster | Pro Football Talk | NBC Sports


Mike Florio and Chris Simms explore reports that NFL owners are counting votes toward potentially dismissing Daniel Snyder and discuss how at some point, too much controversy can seal one’s fate. #NBCSports #ProFootballTalk #DanielSnyder » Subscribe to NBC Sports: https://www.youtube.com/nbcsports?sub_confirmation=1 » Watch Pro Football Talk live on Peacock weekdays 7a-9a: https://bit.ly/2JpZZpo » Get the latest from Pro Football Talk: https://profootballtalk.nbcsports.com/ 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. Visit NBC Sports: https://www.nbcsports.com Find NBC Sports on Facebook: https://www.facebook.com/NBCSports Follow NBC Sports on Twitter: https://twitter.com/nbcsports Follow NBC Sports on Instagram: https://www.instagram.com/nbcsports/ https://www.nbcsports.com/nfl/sunday-night-football https://nbcsports.com/motors/nascar https://nbcsports.com/soccer/premier-league Owners reportedly counting votes for possible Daniel Snyder ouster | Pro Football Talk | NBC Sports https://www.youtube.com/nbcsports

Published: 23rd May 2022 05:30:02   By: NBC Sports

Sports Video: Bolts 1 win away from another Eastern Conference Finals appearance


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The Tampa Bay Lightning are one win away from another appearance in the Eastern Conference Finals.

Published: 23rd May 2022 09:36:43   By: ABC Action News

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