World sports betting payouts basics

There are five components to the land-based casino odds board. Rotation Number: Each betting option has a unique rotation number, which is like a serial number. This helps the bookie quickly identify the bet you want.

Team: The team name is displayed on the board for your reference only. The bookie prefers to use the rotation number to process your bet. This is placed beside the favorite. You can assume that the other team has the positive inversion of that same spread. The total is placed in the same column as the spread. Moneyline odds are displayed for each team.

If you want to bet on the money line, you must specify this to the bookie, as the spread is the default bet. How to Read Three Main Kinds of Betting Odds As mentioned, there are three ways sportsbooks display odds: American odds, decimal odds, and fractional odds.

These odds tell you: How probable an outcome is for either side to win. Pro: The underdog and favorite are clearly indicated. The underdog is the team with the negative number and the favorite is the team with the positive number. Con: There are two payout calculations, one for the favorite and one for the underdog.

Remember, positive odds indicate the underdog, and negative odds indicate the favorite. This happens when the teams are near-perfect matches. In these scenarios, the team with the deeper negative number is the favorite. For example, if the Dodgers were , and the Red Sox were , the Red Sox would be the favorites.

The favorite, meanwhile, has a lower payout because their odds of winning are higher. In order to figure out the implied probability of each side winning, two calculations need to be done, one for the underdog and one for the favorite. If you think that seems low, scoop up the odds and lock in the bet. Decimal Odds Across the pond in the UK, the sports betting market deals mainly in decimal odds, which are essentially payout multipliers.

The most popular ways are to bet one team using the "point spread" or spread or to bet the outcome on the "money line" ML. That means that Cleveland has to win by three and half or more points. If they only win by 3, then someone betting on the Cavaliers would lose their wager.

Someone betting on Milwaukee would win there because the Bucks "covered" the spread -- by either winning outright or by losing by three or less. The person who bet on the Cavaliers the "favorite" would have lost here, while someone else backing the underdog Bucks or the "dog" would have won their wager, despite the Bucks losing the game.

The point spread is the great equalizer. It's a game within a game. The money line is straight up without the handicap. If you bet the Bucks ML and they lose the game by any margin, you lose your wager. What is handicapping? Handicapping refers to a person's approach to predicting a game's outcome. Some people weigh certain factors differently than others.

Do the Golden State Warriors play poorly on the second night of a back-to-back? Maybe you think that's just noise. I mean every game is different," Salerno says. You should be up to date on those. Past statistics come into handicapping, and in some sports, past performances against that team.

So, for example, in basketball, they play each other more often than they do in football, so you would use past performances for your handicap. People who wager on sports professionally or try will devise their own rating systems and use them to help identify what a line should be. What about the total? Ever notice someone only rooting for offense or defense, regardless of who has the ball?

It's a wager totally independent of the game's outcome spread or ML. Salerno provides an example why somebody may prefer that to picking a side a winner or loser. So in that case, and regardless of who wins, they feel that there will be more than 45 points scored, so they would bet 'over' on that. And vice versa, if they felt less points would be scored, they would bet on that. Let's say that the Packers lead late in the game and are trying to kill the clock on offense.

Aaron Rodgers hits Davante Adams for a yard reception, Adams runs to the Patriots' yard line and then the Patriots lock down and force the Packers to kick a field goal on fourth down. Those on the over hold their breath. It's good, the game ends Packers and the total skates past Keep in mind that in addition to a game total, most sportsbooks will offer a separate total for the first quarter, second quarter, first half, third quarter, fourth quarter and for the second half.

You may think the game will start very conservatively. In that case, you might wager "under" in the first quarter or half. Also keep in mind that there are other types of wagers called "props" that look at a variety of player-specific or team-specific events.

A popular prop during the NCAA tournament is the first team to score 10, 15 or 20 points. It's just an exciting race to open things up. What are teasers and parlays? Now we're getting into "exotics," or types of wagers beyond the traditional kinds.

Teasers and parlays are the two most popular variations.

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If you are using American odds and spreads, then you select this option and enter the odds and spreads that you are betting on. You will also need to enter the bet amount you wish to wager. Keep in mind this is the amount minus your initial stake. If you want to know the total payout, then add the initial stake with the amount given by your calculator.

Stay at the forefront with our guides - extensive betting coverage Our guide on betting payouts explained, much like yankee betting meaning , are only a couple of guides that make up the entirety of our resources. We recommend that you check in with us whenever you feel the need to find out about potential sportsbooks, bonuses, or new betting strategies and tips. Our experts continue to bring you up-to-date coverage of everything you could possibly wish for when it comes to online betting in the US.

Calculating your total payout or potential winnings can be with relative ease. However, you can also consult a betting calculator. Either way, knowing what the betting payout is for your online sports bets is yet another step in becoming a more advanced bettor. Take a look at the yankee betting meaning if you wish to diversify your betting options and approach in the future. The Baltimore Ravens, who are favorites, are down 3 points, and placing a wager on the Ravens means they have to win with at least four points to get a payout.

Placing a wager on the Steelers, who have a 3 point advantage, means you get a payout when the Steelers win the game or lose by 1 or 2 points or if the match ends in a tie. The point spread lines could also come in fractions like the example below. You just place your wagers on who you think would win. As long as they win, you get a payout. Money line wagers are also displayed with plus and minus signs, which just signifies the odds.

Odds just tells you how much you can win with a particular wager or how much you need to bet to win the desired amount. As usual, the favorites are displayed with the minus sign attached to the number, while the underdog has the plus sign attached to its number. As a newbie, you might find the money lines market a little confusing, but it gets easier once you get the hang of it.

Baltimore Ravens The Baltimore Ravens are clearly the favorites with the minus sign. There are usually options for both teams as well as each team. Baltimore Ravens vs. Pittsburgh Steelers Over If you believe the total score would be more than But if you strongly believe that the total score would be less than