Understand betting lines

For lower-scoring sports, the point spreads will be low often Decimal odds: Your total return for every dollar risked including that dollar. Anything above 2. So if the Jets are 2. If the Bills are 1. These are pretty straight forward.

Divide the fraction into a number, then multiple by your bet amount. Over thousands of bets, this tax adds up and makes it difficult for most bettors to become profitable. If you want to bet smartly on college football, here are a few of our recommended resources:. Calculating Payouts Calculating your payout for fractional betting is really quite easy. Multiply your bet by the numerator or top number , then divide the result by the denominator bottom number.

Calculating Implied Probability Figuring out the implied probability for fractional bets can be done fairly easily. Pretty good right? What is a Push? A push — while not related to odds — can directly affect your payout so we thought it was worth mentioning here. Being aware of the possibility of a push before you place your first bet on a sports match is important. So, what is a push, exactly?

What Is ZenSports? Now, that you know how to figure out odds in betting this is where it gets really interesting. By eliminating the bookmaker, ZenSports has essentially created a marketplace for which every bettor plays a role in creating a fun, decentralized ecosystem for everyone involved. Anyone can create any imaginable sports bet they want with their own terms, payout, and wager amount.

Takers accept bets.

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Round Robin Betting Guide. American Odds are also known as moneyline bets. With this betting type, you'll see odds that have a plus sign or minus sign. The team that isn't favored to win has a minus sign and the favorite has a plus sign. The next thing we'll do is show you how to read these odds. It's relatively easy to understand and you just have to remember what the plus and minus signs mean. Calculating Payouts The way that odds are calculated will depend on the type of bet being placed.

There are three main types of bets, which are moneyline, decimal odds, and fractional odds. Moneyline odds are the plus and minus bets that we talked about earlier, so we're going to focus on decimal and fractional odds in this section. Decimal odds are most commonly in Europe, Australia, and Canada.

They are the easiest to understand and are relatively straightforward. They are usually just one number that goes to two decimal spaces. Spread Betting Guide from Lines. For example, you might see that the Browns have decimal odds of 1. 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.

This fraction means that you can win three stakes for every one stake. This means you'll get six stakes for every four stakes wagered. These fractions are also called odds against and are similar to the plus number in a Moneyline bet. Once you know what it equals out to, you'll be able to calculate using the method above. Calculating Implied Probability Implied probability can be a little difficult to understand and it takes some math to figure things out. We're going to look at all three betting types and try to break everything down.

Implied probability is when the odds are converted into a percentage. It's important to know how to calculate these to increase your wins and cut down on losses. Prop Betting Explained for the beginners. Player A has decimal odds of 4. Player B has decimal odds of 2. The equation you would use to see if Player A would win is listed below. When calculating the implied probability of fractional odds, you'll use the calculation below.

The final betting type is moneyline and there are two different ways to figure it out. The more you wager, the more you win. Take a look below to get a little more information. Decimal odds are the most popular types of odds and are relatively easy to understand. The good thing is that it's super simple to calculate the payout for decimal odds. The equation is below. As you can see, the calculations are super simple.

There's also a super easy equation you can use to convert decimal odds to implied probability. This equation is listed next. Let's use the same betting amount and odds that we used in the above example. If they win, though, you'll get your winnings regardless of anything else that happens in the game. You can also convert plus and minus odds into decimal odds. You'd plug your numbers in and the equation should look like the one below. Basically, the number on the left is how much you'll win and the number on the right is how much you place on the bet.

It's easy to understand but has the chance of starting to get confusing when you start getting into bets with much bigger amounts. These are called odds-on and turn everything around. It might take a little practice, but you'll eventually get it. The good thing about online sportsbooks is that most will show you what the possible win might be. This means you won't have to do the math because the computer will do it for you.

Instead, a points total wager is guessing about the combined scores of the two teams. A points total wager will give a total amount, and bettors have the task of deciding whether the game score is going to climb that high or not. These wagers make bettors look at a game in a whole different way, and they can offer a nice change up compared to a more standard betting line option. Proposition Finally, there are proposition betting lines, or prop bets. These are very random wagers that are about specific conditions that may occur on gameday.

They could be a prediction that a certain player will score a touchdown, hit a home run or run for 50 yards. The wagers might even look at the color of the shirt that a coach is wearing. Prop bets can be fun to make, but they are also difficult to win and very risky compared to something like a moneyline bet is. Why Do Betting Lines Change? The betting lines are trying to predict the outcome of a game, or a specific set of conditions for a game as accurately as possible.

The goal of betting lines is to get the same number of players to wager on both sides of a bet decision. As weather conditions change, players get injured, the score changes and other things happen, the betting line values are adjusted up or down. One team can go from being a strong favorite, to an underdog throughout the course of a game or even during the days leading up to a game if enough conditions change.

While many sportsbooks have the exact same online sports betting lines, there are different options at many of the leading sportsbooks as well. As a sports betting enthusiast, it makes sense to look at multiple sites to decide which one is offering the most favorable lines at the time that you place your wager amount. Different sportsbooks rely on different oddsmakers and that means that more favorable odds will be available at some sites instead of others. This small amount is known as the vig.

Over many different bets this small fee will add up to massive profits for a sportsbook, giving the company a very good reason to continue offering wagering opportunities to different players. To learn about different betting strategies that can be used to take advantage of these online sports betting lines, see our guide about staking strategies here.

The guide touches on different staking styles and looks at variable staking and fixed staking strategies. Learning a good bankroll strategy will also help you manage your betting in the long run. Read our guide to learn the answer to the question - " What is a bankroll?