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Understanding Sports Betting - Spreads and Betting Odds explained for Beginners


Understanding how to read odds is a crucial step to becoming a successful sports bettor.

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From determining how much money you want to wager to figuring out which bets offer the most value, it all starts with a solid understanding of the odds. What Are American, Decimal, Fractional Odds? Odds are displayed in either American, Decimal, or Fractional formats, and serve two purposes They signal the implied probability of the outcome they are attached to.

They indicate how much money you could win betting on that outcome. Be careful relying on the odds alone when evaluating the probability a. The easiest way to bet on sports is on the moneyline.[1]Let’s take a look at how to read moneyline odds in sports betting.

Understanding Favorites And Underdogs. In every game to bet on, there will be a favorite and an underdog. For example, a team at is a bigger favorite than a team at These numbers do not reflect how a sportsbook thinks who will win, rather, how the money has been bet on the game. Moneyline betting odds can be displayed in a number of ways but is mostly dependent on your location. Betting odds tell you how likely an event is to happen.

They also tell you how much money you will win. However, at first, they may seem confusing and complex. Our comprehensive guide takes you step-by-step to explain them. If you’re new to betting, one of the first things you should do is learn how betting odds work. It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you.

The most basic level, betting pr. I was wondering how to read sport odds like with the - and everything i dont understand it can anyone explain? American Style which is based on a bet where means that you are charged 10 for a bet.

So you would risk to win Decimal Odds which is preferred in Europe, Canada, and Australia. Using the American Odds, a line would approximately equal in Decimal odds. Decimal odds is basically the amount someone would win plus 1. So if someone was to risk on a match with odds as the user would win Percentage Odds is fairly simple, it just lists the odds of winning the bet in percentage. So the equivalent of a line would be. The online sports betting industry in Nigeria has registered tremendous growth in the past few years.

Learn how to start sports betting business in Nigeria. This includes online poker, casino games, and sports betting. The Nigerian sports betting and gaming industry has grown astronomically in the last two years. This exceptional growth can be attributed to the large population of the nation and increased access to internet devices.

Nairabet was the first domestic online sports betting website in Nigeria. Since its existence, many more gambling websites have opened shop in Nigeria including Bet9ja, BetKing, MerryBet, SureBet etc. Is sport betting legal in Nigeria. Every sportsbook that MTS rates has years of experience in the business reliably protects bettors’ sensitive information. There are three different ways sports odds are listeddisplayed, and you can learn how to read each of them here.

The good news is, reading odds isn’t necessary to find what an event will pay out. Every sports-betting site will show you the potential winnings of a bet when you fill out your betslip. You can enter any wager amount, and it will automatically calculate what the return on that bet would be. If you don’t like that bet, simply remove it from your betslip.

You can play around with a betslip at most sites even if you aren’t logged into an account. This makes it allows you cto get a fe.

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The following is a simple guide on how to read sports odds and give yourself the best chance of taking home some cash. + is a specific set of odds attached to a given sports event. These are in the form of American’ odds’.

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One thing is for sure, if you are going to bet on sport, you will run into one of these odds formats and you NEED to know how to read, understand and eventually capitalise on them.

This article will focus heavily on American odds. The basis of American odds is that they reflect two different aspects to the bet in the case of the underdog how much money a gambler will win if they bet, in the case of the favorite how much a gambler needs to bet to win. This includes finding value in sports bets and recommendations for sports betting strategy and books to read. Teasers are based off the current betting lines, so no longer do you need to go do any deep analysis to find out whether as straight bet is +EV.

Here find spots where teasers increase the win rate by enough and you’ll have a +EV bet. This is all described in our article on teaser betting strategy. Prop Betting Strategy Prop bets are generally considered the easiest wagering opportunity for sports bettors to beat. In our article on prop betting strategy I give a full break down of the prop bet which team will score first.

After reading that article you’ll have enough information to start fi. Potential Rewards of Sports Betting. Is Sports Betting Right for You? Why Bet on Sports The Risks Rewards of Sports Betting. When did sports betting start?

We wish we could answer these questions, but the truth is that no-one knows for sure. Sports betting carries two other risks that you need to be aware of too. It can cause a range of negative emotions. If you want some more advice on how to approach sports betting as a beginner, you should read the following article.

It will help you decide whether to focus on the fun or strive to make a profit. Betting for Fun vs Betting for Profit.

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Sports Betting FAQ Answering all of your bet questions, including bonuses, legality, safety, live streaming and addiction. We look for a whole host of different things in finding the best sportsbook bonuses. The size is a very important thing, but we also look at it in relation to the amount of money you have to initially wager or deposit. This is so we can figure out if it’s the best value for money.

Other criteria include the deposit methods, sports you can bet on, and odds levels. What are wagering requirements? Wagering requirements are put in place by bookmakers in order to make sure you aren't getting your bonus so easily.

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This might mean betting over a certain odds level, or turning over your initial d. The sports betting literature is now becoming extremely popular among Americans, especially in the states where online sports betting has become a legal activity.

Best books for sports betting you should read. These some of the most informative sports betting books are available in cheap Kindle-, paperback hardcover and in free downloadable pdf and audio formats. Improve your betting performance, read some books. Sports Betting for Beginners Sportsbook Terms Tips. What do the plus and minus signs mean before the numbers? Williams takes the time to explain every nuance of the sports betting game in simplistic and easy-to-understand language.

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Betting on sports is an activity that millions of people enjoy in every year, and it has been that way throughout human history. Whether you’re placing a wager on the world cup, or betting on a favorite gladiator thousands of years ago, putting money on this type of event helps to add to the excitement.

For many people, betting a little bit of money between friends on a big match is as far as they want to take it. For others, however, betting on sports is a way to make every event engaging and for still others, it is a way to make an income.

Read through this article to learn more about the most common sports betting mistakes, and how to avoid them.

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How to Choose the Best Sports Betting Site. Want to learn how to win sports betting in? See these 4 keys methods covering bonus bagging, trading, price exploitation and value betting. It's easier than you may think, broken down into actionable steps, just for you It’s a common query How do you win at sports betting in the modern world!

Fortunately, thanks to advances in technology it’s no longer that hard I’m not claiming it’s easy to accumulate monstrous wealth though, that’s a bit trickier. However, this post will take you through 4 different ways people are consistently winning in sports betting. We’ll even take a look at how some of them are done!

Broken down, let’s take a look at the 4 most popular and proven methods Bonus Bagging. How do odds work in sports betting? What does run line mean in basketball. Sports betting involves staking on the outcome of sporting events. Bettors attempt to predict the result of an event in order to win their bet - and potentially profit. Put simply betting odds are representations of probability. For example odds of or 11 in fractional odds imply that an event has a 50 chance of occurring.

Read more about how to avoid the most common betting mistakes. Do bookmakers limit or ban customers? It is common practice for bookmakers to limit or ban winning customers.

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Betting on sports you would be following without financial incentive is a great way to position yourself better to make smarter decisions. Making a decision from a perspective that your sole purpose is to make money is a dangerous thing to do as you thinking with a mind blinded by greed.

There is no substitute for passion. In these sports, you will have a deeper understanding than most people who will be looking at just pre-match facts and assumptions. Thank you for reading my article on how to bet on sports online.

For more article this, feel free to scroll through our website.

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Adam is long time Manchester United fan but admits that he has a few international favourite teams which he looks forward to watching and betting on for international events like the World Cup. How Do I Read Sports Betting Odds and Lines? By Chris Vasile - 411 Who could forget the moment right after the Boston Celtics won their NBA Championship when Kevin Garnett dropped one of the most famous lines during a live interview that I can remember in quite some time.

The big 6-foot-9 power forward was overcome with emotion and caught everyone by surprise when he shouted anything is possible three times in a row. That statement couldn't be more accurate. How Does Spread Betting Work in Sports?

By Chris Vasile - 411 If you've never set foot in an actual sportsbo. Now that you know the basic betting forms, you will notice that the odds given aren’t all written in the same way. Again, there are three main formats Now that you have the basic building blocks required to understand sports betting odds, you’re ready to go.

All that’s left for you to do is find the right sportsbook for you. This can be another learning curve, but don’t worry, we’re here to help you. Just follow the link to get some great tips on how to choose the best online bookmaker. Beating the bookies with their own numbers - and how the online sports betting market is rigged Academic paper analyzing the market of sports betting linfographik.combook.

Submitted 2 years ago by zoxes1. linfographik.com I haven't read the paper in any detail outside of that description of Figure 1, so there might be more info regarding how they've determined it, but that's how I interpret that chart.

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Betting on sports games is a hobby for many, and most people just consider it to be a fun and friendly past time. But there are ways to consistently make money on sports betting, and the tricks are In order to place bets, you have to have an account with at least one sportsbook, though it’s ideal to have at least three, because then you can compare offerings and place smarter bets.

Some sportsbooks also offer signup bonuses, so be sure to shop around.[2] Most sportsbooks are available online these days, and some of the more popular sites include This refers to betting with a clear mind and focus. Many people will read this and think it is common sense but you would be surprised how many people break this rule. What Is Matched Betting How Do You Do It?

Last updated February 16th, This is how betting exchanges make their money, versus regular bookmakers who make their money by providing you unfair odds. Even with commission factored in, exchanges return more profit on your bets almost all of the time.

It couldn’t be easier to learn matched betting when following a video or reading a post that tells you exactly what bets to place and where to place them. Just look at my first spreadsheet pictured below. The way I tracked my bets back then might have been a bit rubbish, but earning those profits was the easiest money I’ve ever made!

How Much Money Do You Need to Start Matched Betting. Bet sizing plays an extremely important role in any profitable betting strategy, and in this article I'm going to try to give some insight into exactly Trademate Sports is the most complete sports betting tool on the market. Start a 7 day free trial today.

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You can read more about entering and withdrawing money in the article How to fill an account on an USA betting site. It has been more than one day after my withdrawal order and I still have not received my money on my card bank account payment app.

If you are making bets for fun, and you understand sports well and win more often than not, bookmakers will not set up any obstacles for you. Are highs in express bets ever cut? This is a rare occurrence that express bets will be cut and, if it does happen it is done by offices with low ratings. The almost Complete Sports Betting Guide. Being a profitable sports bettor may be tough, but it's within reach.

This guide will walk you through the essentials and get you started in the right direction.

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All bets have a moneyline which tells you the ratio of how much you have to bet to win a certain amount. Some other bet types - most notably spreads and totals - have additional information in the line which will be discussed in the next section.

When it comes to moneylines there are two common odd formats American Odds and Decimal Odds. To get just the win amount simply subtract 1 from the line. So the Yankees line reads "Bet 1 to return " or "Bet 1 to win ".

The Red Sox line reads "Bet 1 to return " or "Bet 1 to win ".

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Sports Betting Some Points To Think About For Making Cash. We all know you have to research and practise, but there are so many methods to do it where do you begin?There are particular basic actions that needed to be adopted while playing the online poker sport. You should select a poker space by downloading and installing the sport software using Flash participant and have a nick for the poker that will be acknowledged as your title at the desk for the entire sport. Betting odds online come in a standard style on online sportsbooks, meaning it is good to know how to read betting odds before you start betting.

Sportsbooks show the odds in a home team versus away team format.

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North American sports have the away listed first, either listed on the top or left depending on the sportsbook’s setup.

The home team follows the away team, either on the right side or underneath the away team. Some sports, especially soccer, offer the option to bet on a draw along with betting the home and away team will win.

The draw appears between the away and home betting option. Compare the best Sports Spread Betting BookiesThere are two types of spread betting financial and sports spread betting.

There are only a handful of sports. When looking for a new sports spread bet account there are a few things to take into account. Below we’ve put together a table of the top spread betting companies to get started and what welcome offers you can expect for opening a new sports spread betting account. 1 Compare the best Sports Spread Betting Bookies.

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An important difference between sports betting and lottery tickets or casino betting is that sports bets are not based on well-defined rules like 5 numbers being independently drawn. Instead, bookmakers set odds, and they do so not based on what they think the outcome will actually be but rather in order to attract bets in the correct proportions that the pool will be able to pay out to the winners, plus a margin for the bookmaker to keep.

In this case it's less about predicting outcomes successfully than it is doing so with uncommon information, such that the odds allow for winnings ba. Continue reading this Sportsbook Review for more information about this brand.

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Once done you can log in using your account details on the website. Once you have logged in for the first time you can click deposit to start collecting your bonus. When you are ready to deposit you can choose your preferred payment method and the deposit amount.

At Sportsbook you will find all popular and less popular sports including Football, Tennis, Basketball, Baseball, e-Sports, Poker, MMA, Table Tennis etc. What to dislike about Sportsbook. Of course, also has some drawbacks. At your sportsbook of choice you’d see a spread laid out like this before kickoff Chiefs + Before the game, the Chiefs would need to win by two points to cover the spread while the would need to lose by one to cover. However, after five minutes of play, the Chiefs have scored a touchdown and the have done absolutely nothing.

Live betting allows you to capitalize on odds that you normally wouldn’t consider. If you’re looking for a way to have even more fun while watching sports, consider wagering on live odds. Who knows, you could find yourself on the winning end of some very smart bets.

We've put together a list of the top sportsbooks for live betting.

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If you want to bet on sports, you better get used to the word odds’. You need to be able to read odds, compare them, and understand how much you can win for the amount of money you’re risking.

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But if you don’t understand odds yet, that’s okay, because we’re going to cover them in detail below. We’ll answer these specific questions How do bookmakers set their odds? Why are punters at a disadvantage? How do you read American, fraction and decimal odds?

How do bookmakers set their odds. How To Read Sports Betting Odds. GT Bets A Legit US Facing Sports Betting Site with Mobile Casino. Quick details Official website linfographik.com The customer support is solid and if you are planning to try out a new sportsbook then you should absolutely give GT Bets a strong look as they are a quality sportsbook with interesting promos and competitive lines.

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There are a few main ways to display odds and which one you’ll see usually depends on what part of the world the sportsbook is located.

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Matched betting is a no-risk technique that guarantees profit from bookmaker free bet promotions. Step-by-step matched betting guide including free oddsmatcher. Matched betting basically allows you to turn the tables on the bookmakers to extract their free bet offers.

Matched betting is legal and a spokesperson for William Hill has indicated that the betting industry does not have a problem with this use of free bets Wikipedia. I've used it myself for several years and have never lost any money doing it, but I have taken my time and been very careful to avoid making mistakes. So long as you follow word for word, you can't go wrong. I strongly suggest reading through all the steps first before making any bets.

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Check out our tips on sports betting and discover top strategies to win more money when betting. We cover different bets, bankroll management, and more. Whether it’s finding the right sites or best odds, it’s vital you do your homework first. Remember that not all online sportsbooks offer the same markets, and bonuses and promotions can vary widely.

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Find out how to interpret these types of odds. Did you know there is a probability 401 odds that Dwayne "The Rock" Johnson will win the next U.S. Presidential Election in, according to one of the well-known betting websites? If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.

The three main types of betting odds are fractional British o.

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Gambling on sports has never been more high-stakes or more accessible. But with the invasion of Europe-based companies in the game, the pros are feeling squeezed and routinely getting banned from plying their trade. Please also read our Privacy Notice and Terms of Use, which became effective December 20, By choosing I Accept, you consent to our use of cookies and other tracking technologies. If I said you should bet the over at and you see the number is, do you bet it?

No, I respond, not entirely sure whether I got it right, but careful to not show any hesitation. What if I said you should bet the Lakers +7 and the number is, do you bet it? Yes, I answer, this time more confident I was right.

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How do Bookies Manage their Risk? You will have certainly noticed the plethora of various betting offers used by the bookmakers to woo their customers. This is the key to sports betting success. Of course, each sport is different, but in the end bookmaking methods are always the same.

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System Bets System bets work similarly to combination bets. One of the main differences, however, is that you have to type 3 of 4 games correctly, for example, and then multiply their odds first with each other and then with the stake. The advantage of sports betting compared to other forms of gambling is that you can improve your chances of winning with the right expertise and not just rely on luck.

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Betting odds explained what they are and how to use them. Odds are the numbers used by online bookmakers to show how likely something is to happen. They give you a quick indication of how much you could expect to win if your bet wins. This guide will introduce you to the world of odds, the different ways they can be used and what they mean to you and your matched betting journey.

Once you understand betting odds and the differences between them, reading them becomes easy. How to understand fractional odds. If a bookmaker offers odds of 31 for an event to occur, you stand to win 3 for every 1 you bet. Probability in sports betting. Because of the many factors involved, it is impossible to calculate exact probability in sports betting.

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READ ALSO Betoptions and meanings. Draw no Bet’ is one of the most popular things in the world of sports betting, and it keeps getting more popular because of how much risk it absorbs. If you want to surely win money and still have the option of not to losing money, then you need to use the Draw no bet’ option in football.

On average, one out of every four football match ends in a draw. This means you almost always have a chance to get your money back from the bet. What is the main advantage of the draw no bet’ function? The probability of losing is pretty low.