How To Read Betting Odds

However, note that the type of form data presented, and how it is displayed, can vary considerably in other countries where horseracing is popular, such as the United States and Australia. Fortunately, it’s quite simple to read racing form once you are equipped with the meanings of the codes and numbers on the cards. Racing form holds the key to being able to make an informed prediction about how any horse in the field for a race is likely to perform in that race. So, in this case, you would realize a total profit of $160 if you bet $100 on the Lions at +160. So, a -450 number would mean that you would have to bet $450 in order to win $100 in profit back.

If you are looking to bet, check out our 2021 Breeders’ Cup Betting Guide. Expected value betting doesn’t guarantee long-term success, but gambling without EV considerations guarantees long-term failure. What Do The Plus And Minus Signs Mean In Sports Betting? Weighing bets by expected value gives sharp bettors a fundamental advantage over most other bettors and one of the few edges they can take against a sportsbook. Most sports bettors have heard about expected value, but few are familiar with its true meaning.

How Do Football Squares Work

A reminder that you can bet on a horse to win or place (which generally means you get paid if the horse finishes in first second and third. Yes, you can place a bet on a horse not to win and this is called a lay bet. Tote bets work a little bit different to normal odds offered by bookmakers online. Due to it being a pool bet, all of the wagered money is put into a single betting pool and then all of the winners will take an equal share of that amount.

Put Bets

When displayed outside of the recent form figures, D means that the horse previously won over the distance it is due to run next. When displayed outside of the recent form figures, C means that the horse previously won on the racecourse it is due to run on next. BD, also written as B, means that a horse fell during the course of a race due to a collision with another horse. The letter R in form means that the horse refused, or pulled up short of a jump without taking the jump. PU, also written as P, means that the horse was pulled up during the race and did not complete it.

Combine multiple money line bets into parlays, progressive parlays, if bets and reverses. Bettor chooses favorite Boston Bruins laying $170 to win $100. Refer to SB3’s article “How to Read NFL Odds” for help understanding spread, total and juice numbers.

And the same if the underdog of the game wins with additional points. In case of under 2,75 goals, you will have half of your entire stake on 2,5 goals and the other half on 3. So if the game scores in total of 3 goals you will win half of your bet and in case of 4 goals you will win all your bet. In the case when you bet on the fact that there will be more than 1,5 goals scored in a certain game, this means that at least 2 goals need to be scored for you to have a win. In case you bet under 1,5, then you will need no more than 1 goal to be scored. Parlay is a single bet which will combine 2 or even more bets in one with the aim to have higher payouts.

The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you’ll get $2 for every $1 you bet. While a teaser bet is more attractive to a bettor because he or she gets to add or subtract 6 points from the point spread, a winning parlay pays more. A parlay is a riskier bet, but the same $15 wager on a parlay will pay more than on a $15 teaser.

Poker Odds For Dummies

UK bookmakers traditionally used the fractional odds format but decimal usage is becoming more common. This may be because they are easier to work out potential winnings. Or because they are more commonly used throughout Europe. The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. Given a fraction, we can now tell how likely what we’re going to bet on will happen.

Non-Runner – Selection that is withdrawn prior to a race or event. Match – A game of defined length with 2 or more contestants or teams. Joint Favourite – If two or more selections have the lowest odds price. Injury Time – An additional amount of time at the end of a period within a game added on in lieu of time lost for injuries, substitutions and other stoppages. Hurdle – A type of fence in national hunt racing that are at least 3 and ½ feet in height.