These are more commonly used outside the US when the fractions used in fractional odds get a bit ugly. The decimal odds would be listed at 1. Multiply the odds by the bet and you get the return that would include the original bet.

Much easier, right? This is a case where decimal odds can be better. However, they are presented, being able to convert your odds into a break-even percentage is a crucial part of understanding what is actually a good bet. If you think the likelihood is higher than that, it is a good bet.

This is similar to pot odds in poker, for example. Think of a coin flip. You know you know have a one-in-two chance of heads coming up. Slingshot gives a percentage chance of an upset happening. That percentage can be compared to moneyline odds , once you convert the odds to a percentage.

If the model thinks the odds are significantly better than what the bet is offering, and you trust the model, this can be a useful tool in whether to decide to place a bet or not. Get all-access to exclusive stories. Subscribe to The Athletic for in-depth coverage of your favorite players, teams, leagues and clubs.

Try a week on us. Dan Santaromita is a senior editor for sports betting at The Athletic. Dan previously wrote for NBC Sports Chicago and ProSoccerUSA. He is a University of Missouri graduate who resides in Chicago. Follow Dan on Twitter TheDanSanto.

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Odds Choose the odds you have been given or would like to test.

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Sports Betting. No sweat. A moneyline bet, the most basic bet in sports gambling, is simply picking the winner of a game.

For example: You bet on the Golden State Warriors moneyline; if they win, you win! If they lose, well…you get the picture. Pro tip: Think of it like a bet on the underdog has the chance to win you more money ie.

plus money. Alternatively, you can bet the spread. High risk, high reward. So if the Green Bay Packers were favored by 4 that would read as Packers -4 and won by 5, they covered the spread and turned a profit for those who bet on the spread.

Blame it on the juice , indeed. A bet considered to be a sure thing. The reason the payout is bigger is because the chances of both of those bets winning is much smaller. Remember: the less likely an outcome, the more money you could make.

Some common Super Bowl prop bets include: what color Gatorade will be dumped on the winning coach, which song the halftime performer will sing first, how long the national anthem will be and who will win the coin toss.

Nothing like a Gatorade shower to celebrate a win. It's a similar case for the betting odds, though favorites don't always have a " - ," especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal.

It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football unless they go scoreless in overtime.

The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. Moneyline bets are as straightforward as it gets in sports betting.

You're betting on which side will win an event and if that side wins, you win. A spread bet is on the forecasted point differential between two teams. In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back.

As for the odds, the most common number for spread bets is , but that number varies depending on the location, sportsbook and how popular each side is. However, there are states where odds are worse in order to get the state more money such as or This is also called the vig , which is the amount the sportsbook charges per bet.

If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em. Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back.

Also similar to spread bets is that the odds can vary. Decimal odds are most popular in Australia, Canada, Europe and New Zealand. Premium Advisory Service. As well as a monthly subscription membership, you can join and remain a member until a set profit target of 80 points has been reached.

Want to bet and win? Then visit my betting school where I intend to teach you all you need to know to succeed in your battle against the bookmakers. My Betting Blog covers everything from big race previews and tips, discussing horse racing topics, and anything else I feel the need to rant about.

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There are various ways to participate in fantasy sports, most commonly by drafting a team that competes across an entire season. Much like your Fantasy Bachelor Draft. But there are also daily fantasy sports DFS , where the group of players you select only competes for a single game. Want more? Check out our guides to Fantasy Football and Fantasy Hockey!

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A moneyline bet, the most basic bet in sports gambling, is simply picking the winner of a game. For example: You bet on the Golden State Warriors moneyline; if they win, you win!

If they lose, well…you get the picture. Pro tip: Think of it like a bet on the underdog has the chance to win you more money ie. plus money. Alternatively, you can bet the spread. High risk, high reward. So if the Green Bay Packers were favored by 4 that would read as Packers -4 and won by 5, they covered the spread and turned a profit for those who bet on the spread.

Blame it on the juice , indeed. A bet considered to be a sure thing. The reason the payout is bigger is because the chances of both of those bets winning is much smaller. Some jockeys like Jamie Spencer polarize opinion, while others [ You buy a racehorse, pay a trainer to train it, then have to pay for extra's like entry fees, jockey and transport fees when it races.

There is also [ Last updated by Declan Meagher at March 1, Betting School Want to bet and win? Blog My Betting Blog covers everything from big race previews and tips, discussing horse racing topics, and anything else I feel the need to rant about. Hit or Myth I examine the many media cliches relating to horse racing, taking a novel approach.

Who tops the charts of Sectional Timing based metrics. Go to Top.

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