How Do Sports Betting Odds Work? American Odds, Explained

So if you’re betting the Red Sox at +120, you’ll risk \$100 and will win \$120 if Boston wins the game (plus your original \$100 back). So if you’re betting on the Yankees at -130, you need to risk \$130 and will win \$100 if New York wins the game (plus your original \$130 back). If you win a bet, you’ll receive the payout, plus your original wager back. So a \$100 bet at +150 would return \$150 in profit, plus your \$100 back to your account. This means that the team you’re betting on has a 38.5% chance of winning. If they win, though, you’ll get your winnings regardless of anything else that happens in the game.

Odds Shark NBA is an uncut gem that sits atop thestandings. After graduating from the University of New Hampshire with a BA in Journalism, Richard Janvrin has been covering iGaming and sports betting since December 2018. Richard has covered betting at Bleacher Report, Gambling.com, The Game Day, Forbes, and more. The value the house earns from this -110 line is called the juice or vigorish. Moneyline bets are the ones that can sometimes see huge paydays for underdogs or safe returns for massive favorites. If the number is -110, you must bet \$110 to win \$100.

Sports Odds Explained: Decimal Odds

If you’re new to sports betting, we’d recommend sticking to ‘safer’ bets with lower odds until you get to grips with how it works exactly. Arsenal is +165 and if you bet \$100 on them, you would win \$165. For either team to win, they must be ahead at the end of regulation–two 45-minute periods plus injury time. If the whistle sounds after two halves of play and neither team is ahead, the draw (+270) wins.

Free Bets in EU-FR

We understand that betting spreads can be confusing, so we put the answers to some of the most frequently asked questions below. The difference between these two numbers is known as the bid/offer spread or the bid/ask spread. In short, the price has to move a good amount of distance in order for you to win. This is true regardless of whether you’re on the long or short side. The casinos sometimes roll it the other way and move lines to -120 or -130 so pay close attention.