Here we examine how to use a sportsbook, read different types of odds, and the bets you can Click your selection, and it will appear in your bet slip. Odds are the measure of how much you can win vs. how much you bet, per $ Odds are included in all forms of betting, whether it's moneylines, spreads. Reading odds may be the first part to figure out before you begin sports betting, as they specify the implied probability of an outcome and how much money. IS ONLINE HORSE BETTING LEGAL IN ILLINOIS LOTTERY

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Underdog Odds The other side of American odds are underdogs. Underdog odds are interpreted different than favorites. Again, you can bet any amount you would like. How to read decimal odds Decimal odds are the easiest odds type to interpret. They are used by most people outside of America, most notably Europe. The Decimal format are also the easiest odds type to convert to an implied win percentage. Return does not take into account your original bet amount. Note that the return aspect is the key difference between Decimal and American odds.

How to read fractional odds Fractional odds are simply decimal odds represented as a fraction. Below is a screenshot of the NBA betting screen from 5Dimes. I'll be referencing this throughout the article to help explain the different bets you can make and what all those numbers mean. NBA odds for Nov. The appearance may vary slightly, but everything we review should be in the same place. The first column is pretty obvious so I will skip over that.

The following one starts to look a bit confusing if you are not familiar with how lines are presented. For example, the Miami Heat are rotation number Not all online sportsbook will show this, but every brick and mortar book such as those in Vegas do in order to avoid confusion. When giving your bet to a ticket writer at the counter, it's easiest to reference your side's rotation number - especially for college sports.

It is the most common bet to make in football and basketball, and is a way to make an even-level bet; regardless of how much better one team is than the other. It is much easier for the casual bettor to compare how much a team will win or lose by rather than figuring out the implied probability of a team winning with the money line odds next column.

In the screenshot above, the first game has the Pacers as a 4. In other words, the Pacers need to win by at least 5 points to win against the spread. The The opposite is true for the Bucks. Whichever team has a higher score after factoring in the point spread wins the bet or "covers" the spread.

Rather, this is the number the sportsbook predicts they will receive even action on both sides of the bet. This is an advanced topic and will be explained in a later post. You might be asking, why all the half points? The answer is simple: this helps prevent the occurrence of a tie for a bet commonly called a push. You will see whole number spreads and totals, but sportsbooks try to avoid it for this reason.

Finally, the listed after each point spread are the actual odds for the bet. Still confused?

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Explaining moneyline, spread, and total bets.

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