How To Read And Calculate Sports Odds
Point spreads can be harder to determine as the sportsbook has evened out the odds between the two teams. We recommend researching a team or athlete’s recent performance, as well as the venue, before placing any point spread bets. Sometimes with NFL odds you’ll see a spread posted as a whole number. Decimals or fractions are usually utilized to ensure there won’t be a tie. If in our example the spread was reset to 10 with the Colts favored and they win by 10, then the game is considered to be a tie, which in betting terms is called a push.
A similar approach can be taken in the NBA but it’s more connected to possessions. Look for key numbers such as five and seven because they tend to represent two- and three-possession games. Be sure to check out our sports betting glossary to assist you with some of the terms used in our sports betting guides.
Cash Out – A player can take their open straight bet or parlay bet and cash it out before the event has ended; currently only available in NJ, WV, and CO. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened March 2020.
You can read our more comprehensive guide to key numbers here. For now, just be aware that sportsbooks will be reluctant to move the lines onto key numbers, such as +3 in the NFL. If you see a spread moving on or off a key number, it is worth considering how this could affect a bet. If you notice the numbers in a point spread bet getting higher over time , it means the majority of money is being placed on the favorite. If the numbers are getting lower, the majority of the money is going on the underdog. Line movement in point spread betting is all about sportsbooks making the suggested margin of victory more attractive or less attractive.
Once you click on your choice and plug in a wager amount, the sportsbook will display the potential return for a winning bet. A 5-3 win for the Indians is good for Cleveland bettors and bad for those on the side of Chicago. The Braves have their work cut out for them, as they would need to win by three runs or more to cover. The -110 listed is the actual odds given for these bets, and the odds determine how much you win based on the amount of your wager. Of course, you don’t need to literally bet $110; that is just the ratio of the amount bet to the amount won. In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.
The next thing you need to do is to give each team a numerical score in each of these categories. You can come up with this score with another formula using stats, or you can do research and give them a score from 1 to 100 if you’d like. Let’s say that we think the Dolphins have a killer rushing attack and we give them a score of 80 out of 100. We think they’re subpar when it comes to sacks, so we only give them a score of 30 out of 100.