Moneyline Bets Explained ~ How To Read Moneyline Betting Odds

In fact, everything written above is important to understand before even thinking about more complicated facets of betting. Juice affects how much money the bettor will receive in return from a wager. Juice can even be a signal for prospective bettors that an entire line shift is coming.

• The National Hockey League plays an 82 game season where every team plays every team at least twice.
• Our college basketball odds comparison tool, which can be used on desktop or mobile, is perfect for anyone trying to win money.
• In a major event like the Super Bowl, there are hundreds upon hundreds of prop bets available.
• The total is the predicted number of points that will be scored in the contest.

The two of them wrote a code that scanned the 80-plus online sportsbooks’ various lines to look for “middles,” or opportunities to arbitrage lines that were different at various sportsbooks. Most of the time they would win one bet and lose the other, and only lose the “vig,” or the percentage built into the bet as a commission for the bookmaker, usually about 10 percent. But whenever those games fell right in the middle of the two lines, in this case if the Steelers lost by three points, then they would win both of their bets. The two teams playing are the Cubs and the Reds, and the numbers next to each team represent the money line. The Cubs are the favorite, and what the -170 means is that in order to win $100, you’d need to wager $170. The Reds are the underdogs, and a bet of $100 would win you $160.

Can You Include Moneyline Bets In Parlays?

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What Are The Vegas Odds For The Super Bowl?

It’s a little trickier to convert between moneyline/American odds and decimal odds because moneyline takes the form of both positive and negative numbers. With decimal odds, the figure quoted is the exact amount that will be paid out if the bet is a winner. Decimal odds are essentially equivalent to the decimal value of the fractional odds, plus one.

Premier League, British Open Championship And College Football Odds Every Week

They create their own power ratings and then compare each team to one another to figure out what the line should be. Then they compare their numbers to what the sportsbooks are offering. In the above example, 46 points is the posted total between the Cowboys and Giants. If you wish to wager on the total, you would pick the rotation number of either team and inform the sportsbook writer that your intention is to bet the Over or Under only on the posted total. The essence of the zero handicap is that the player will win if the team on which he bet wins, and get a refund if the match ends in a draw.

It could be because someone is making informative post large wagers on horses that look on paper like they have no chance. It could be that the public is just plain bad at picking horses. But sometimes a big gap between the morning line and the tote board is worth taking a second look.

The team favored to win has a fraction where the numerator is lower than the denominator. At the same time, in the fractional odds of the underdog, the denominator is lower than the numerator. When making moneyline bets, you are betting on which team will straight up win the match. That’s why moneyline bets are also called straight-up bets.