How to Read Odds Ratio in Football

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If you bet on sporting events, you must exist able to read odds and understand what they mean. Furthermore, you need to quickly summate the potential winnings for dissimilar bets, especially if the odds are changing while the event unfolds. Odds tell you the likelihood that an issue will occur (a team wins, a boxer makes it a certain round) and how much will be paid out if you lot win. There are, withal, multiple ways to convey this information.

1. i

   Know that odds tell you the likelihood of an outcome. Odds represent which team, horse, or athlete has the highest probability of winning. While there are different ways to write odds, they all point how likely 1 upshot is in comparison to some other.

   • Ex: When I flip a coin, it is merely every bit likely that I flip heads as tails. The odds are equal, or ane to one.
   • Ex: If there is an lxxx% chance of rain one day, then there is a 20% chance information technology volition non rain equally well. The odds are lxxx to 20. Otherwise put, it is four times more likely that it volition rain than stay sunny.
   • Considering circumstances may alter spontaneously, odds may change also. They are not an exact scientific discipline.

2. 2

   Read sporting odds as the likelihood that one team, athlete, or horse, will win. The near common use of odds is found when placing a bet on a sporting result. Betting agencies use historical data and team statistics to predict who is more likely to win.

   • Whoever has the highest odds is considered the "favorite." If the odds are low, it means that issue is not likely to occur.

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3. 3

   Call up that lower odds return a college profit. Betting on the underdog is riskier than betting on a favorite, but a higher adventure ways a higher potential advantage.

   • The "longer the odds," or the less probable, the more than money you could win.

4. 4

   Learn the vocabulary of odds when betting. Many racetracks and betting establishments volition take a booklet or pamphlet helping you lot larn terminology, merely y'all should understand the lingo before you read odds. Some of the bones words include:

   • Action: A bet or wager of whatsoever kind or corporeality.
   • Bookie: Someone who accepts bets and sets odds.
   • Chalk: The favorite.
   • Hedging: Placing bets on the team with the high odds, and the depression odds, to minimize loss.
   • Line: On any event, the current odds or indicate spreads on the game.
   • Wager: The money you pay, or risk, on an outcome or event.

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1. one

   Know that odds at the rails tell yous amount of profit y'all volition make per dollar spent. Odds of three-5 indicate that your profit will be three-fifths of a dollar. In other words, for every $v you bet you lot can win $three in profit.

   • To make up one's mind profit, multiply the corporeality you bet by the fraction. If I spend $15, then my profit for winning is $9 (15 x iii/5).
   • Ex. If I successfully bet $15 on a horse with 3/5 odds of winning, the payout would be $24 ($15 + [15 x 3/5])

2. two

   Sympathise that fractions greater than 1 mean a team is an underdog. This makes sense, considering you lot would look a bet on the underdog to have a college payout.

   • If you have a hard time with fractions, so see if at that place is a larger number on tiptop then on bottom. If and so, that squad/horse is not expected to win.
   • When you lot bet for the underdog, it is chosen betting "against the odds." For example, if odds are 3/i for the Cowboys this Sunday, then information technology is 3 times more likely that they will lose than win.
   • Odds of iii-ane indicate that if you lot bet $100, you will win $400, the original corporeality of your bet plus the profit. Odds of 1-3 will win you $33 on a $100 bet, or $133.

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1. 1

   Know that moneyline bets only business concern what team volition win the game. Odds are presented as a positive or negative number next to the team'due south name. A negative number means the team is favored to win, while a positive number indicates that they are the underdog.

   • Ex: Dallas Cowboys, -135; Seattle Seahawks, +135. This means the Cowboys are the favorites, but pay out less money if a bet on them wins.
   • Try out an online to check your math when yous showtime go started. Soon enough information technology volition be second nature, just for now ask a friend or search for a estimator that fits your betting needs.

2. 2

   Know that positive odds indicate how much profit you win per $100 spent. Yous also get the coin you bet back. Then when you bet $100 on the Seahawks, who are valued at +135, then you lot brand $235 if they win.

   • If you bet $200, you will make twice as much profit. To calculate how much turn a profit you make per dollar spent, split up the amount y'all are going to spend past 100.
   • Multiply this number by the moneyline to see your potential turn a profit. If I spend $50, I will brand .five (50/100) of the moneyline if I win. On +135 odds, I would make $67.50 profit off of a winning bet.
   • Ex: If I spend $250 on the Seahawks (+135), I would earn $587.50 ($250 + $135 x [$250/$100]) if they win.

3. three

   Empathize that negative odds indicate how much money your must spend to make $100. When betting on the favorite, you take less risk, and thus earn less. When betting on a favorite, the moneyline is the corporeality of money yous need to spend to brand $100 profit. In the previous example, in order to make $100 of turn a profit betting for the Cowboys, you would need to spend $135. Like positive odds, y'all earn back your bet when winning.

   • To calculate profit, divide 100 by the moneyline to discover out the profit fabricated per dollar spent. If the moneyline is -150, and so you volition brand $.66 for every dollar you bet (100/150).
   • Ex: If the New York Giants are favored to win -150, and I spend $90, I would make $150 total ($xc + $90 x [100/150]).

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1. 1

   Notice that betoken spreads adjust the score for the favorite team. This is easiest to see with an example: If the New York Knicks are playing the Boston Celtics, and Boston is favored to win past a four-point spread, then a bet on Boston only pays out if Boston wins past more than iv points. A bet on New York pays out if New York wins or if they lose by less than four points.

   • If the favorite wins by the spread exactly, it is called a "push" and all bets are refunded. In the example, if Boston wins 88-84, then information technology is a push and no one collects a profit.
   • If you run into "one-half-odds" (a 4.5-point spread, for case), this is to make a "push" impossible.
   • When the spread is small, moneyline bets are often better since the spread does not indicate a clear underdog. ^[1]

2. 2

   Ask your bookie about the "vig," which determines your potential profit. Also known as the "juice," the vigorish is the committee charged for placing a bet. Typically the vig is -110, and you read this number like a moneyline bet (run into in a higher place).

   • On a vig of -110, I must bet $110 to make a $100 turn a profit.
   • Continuing the instance to a higher place, say I placed $110 on Boston, and they win 96-ninety on a four-bespeak spread. Because they won by the spread, I would make $210 ($110 + $100).
   • Sometimes there are unlike vigs for each squad. A line from earlier might look like this: Boston -6, -125; New York +6, -110. This means you have to bet $125 on Boston to earn $100 considering there is less risk betting on Boston.

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1. 1

   Know that Over/Under bets are placed on the combined score of both teams and are much simpler to identify. A bookie sets the Over/Under, and you merely choose if the combined score will be higher or lower than that mark. Over/Under bets are frequently less risky and complicated than other forms of betting.

   • If the O/U is 198.5 points and you bet over, then whatsoever combined score from 199 points and up will pay out.
   • If the score is exactly what the bookies gear up, then the bet is a push and everyone gets their money dorsum.

2. 2

   Most payouts for Over/Under bets are fifty-fifty, significant that if you lot wager $100 you win $100 profit.

   • Make sure to check this with your bookie first, nonetheless.

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Add together New Question

• Question

  What does -xiii, for example, mean in football game?

  

  The "-13" means that a football team is favored to win by thirteen points. For you to win the bet, the team must win by more than 13 points.

• Question

  If the odds are five/three, and I bet $100, what is the payout if I win?

  

  5/3 odds equates to a +166 money line bet, meaning a $100 bet would return $266 (your original $100 bet plus $166).

• Question

  What does it mean if, in the presidential election, I see one candidate with a 175 and some other with a +225?

  

  The 175 should read -175. (-) means yous pay and (+) means you get. So for -175 you lot pay $175 to get $100 (in addition of your initial bet $275 in total) and for +225 you get $225 when you bet $100 ($325 in full).

• Question

  If someone bets $fifty, and the odds are -120, what is winnings/loss?

  

  -120 means the team is the favorite to win, so you have to put up $120 to win $100 (plus your original bet). A $120 bet would render $220 (original bet of $120 plus the $100 you won). Betting $l on a -120 money line would return your original bet of $l plus winnings of $41.66, or $91.66 total.

• Question

  What does 2/11 odds mean?

  

  Your profit is *2/11. And then if you wager $110 and win, you'll get $130 back, a $20 profit.

• Question

  What does odds of 9 to iv mean on a baseball team to win the World Series?

  

  If the odds are ix/4 and you wager $100, yous divide the $100 by the last number (4) so this would be $25. Then multiply it by the first number (9), which would come out to $225 equally your turn a profit made from the $100 you bet. Add the bet you made & the turn a profit made by the bet. So the concluding taking would exist a total of $325.

• Question

  When I see a whole number alone on an odds sheet, what does it mean? For example, instead of 3/v, the odds are shown equally fifteen or 25.

  

  If you're seeing 15 or 25 instead of 15/one or 25/one, you're seeing a decimal form of odds, as opposed to partial. Multiplying your stake past decimal odds gives your total return, not your profit(which is total return -stake). To get to partial from decimal, add 1. And so three/ane fractional = 4 decimal (merely 4). 4/6 frac = (4/6+ane) december = 10/6 = 5/three, or 1.666, which is rounded to 1.67 by bookies. To go from decimal to partial, subtract 1(which makes sense from profit = total render - stake) And so fifteen dec = 14/1 frac. two.33... dec = 1.33/i, or 133/100.

• Question

  What do 2/9 odds mean?

  

  Your turn a profit is *two/nine. So if you wager $110 and win, yous'll go $134.44 back, a $24.44 profit.

• Question

  What nigh a iv/5 odds, and how would you come up with the coin line number?

  

  i + four/5 = one.8, so on a $100 bet, your take habitation would be $100 (original wager) plus $180 (winnings), or $280.

• Question

  What does -3 hateful on a betting slip?

  

  -3 means the team is the favorite to win, so y'all have to put up $3 to win $100 (plus your original bet). A $3 bet would render $103 (original bet of $3 plus the $100 you lot won). Betting $l on a -iii money line would return your original bet of $l plus winnings of $1,666.66, or $1,716.66 total.

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• Betting through bookmakers is illegal in the The states except in the state of Nevada. Information technology is legal in Great Britain and other countries, where information technology is regulated. In some countries, bookmaking is only performed by the authorities. Bookmakers may likewise take bets on non-sporting events, such equally political elections.

• The money line is a elementary wager in which the point spread is non determined. It is based on the odds each side has to winning. The odds posted on the money line is based on a $100 parameter.

• While this article uses dollar amounts, these principles hold for any currency.

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About This Article

Commodity Summary X

To read odds, starting time past finding two numbers separated by a dash. These 2 numbers are the odds, and yous can turn them into a fraction to figure out the amount of turn a profit you will make per dollar spent. For case, you might see 3-5 odds. Odds of 3-5 indicate that your profit will be 3-fifths of a dollar. In other words, for every $5 you bet you lot tin can win $3 in profit. To effigy out profit, multiply the amount y'all bet by the odds fraction. To learn nigh moneyline odds and point spreads, read on!

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