Sportsbook Betting Odds
Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.
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American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. Make Sportsbook your home for football betting game lines, NFL betting odds and football season futures. You'll find the widest variety of bets and odds the betting world has to offer, you can wager on anything and everything football related, individual games can be bet on the point spread, the total (over/under) or even teams to win to win the game.
- Online Sportsbook - Live Online Betting Odds & Lines Sportsbook is your source for the best in sports betting entertainment. You'll find the widest variety of bets and odds in every sport imaginable including Major League Baseball, soccer, CFL football betting, NASCAR auto racing, tennis, golf, boxing, MMA and all of the Super Bowl and NFL.
- Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. It indicates how much you will win based on the odds and total wagered. That way, you’ll know the exact amount you would win prior to placing any picks at your favorite sportsbook. Below is an explanation on how to bet on sports by using our betting odds calculator to get all the.
Sports Betting Odds Explained
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds
- Matchup Odds
- New England Patriots +120
- Pittsburgh Steelers -140
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Examples:
Below is an example of NFL betting odds taken from an online betting site.
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In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
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Decimal Style Sports Betting Odds
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.
FanDuel Sportsbook is one of the most popular sportsbooks in the country, and for a good reason. FanDuel provides a wide range of sports betting options. From Australian Rules Football to Tennis, if you want to bet it, odds are FanDuel Sportsbook has it. Another reason they are a great sportsbook, their number of live betting options. You can access the FanDuel Sportsbook virtually any time of the day and see live odds continually changing.
NFL
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SpreadOdds Boosts
This is one of the best features that separates FanDuel Sportsbook from the rest of the competition. Each day FanDuel offers players a chance to win a little extra money with their “Odds Boosts” bets. What are Odds Boosts? Odds Boosts are an added value to a bet or parlay. Examples of this could include “Yankees win, and Mets lose,” and the value could be boosted from +150 to plus +200. It could also be as simple as “Serena to win Wimbledon” boosted from +100 to +175. There is a max bet associated with most Odds Boost bets, but for the added value, it is certainly worth the limitations.
Explaining How Odds Work
For those who are new to sports betting, a sportsbook can look a little confusing at first, but it is straightforward to understand everything you are seeing. You may see a number attached to a certain bet, such as +150 or -110. These are the odds that payout for that particular bet. If you see a bet selection with +150, that means for every $100 you risk, you win $150 in return. So if you bet $300, you would win $450 on that bet. When you see a -150, that will work the opposite way. You would have to wager $150 to win $100. So if a bet has a line of -120, you would need to bet $120 to win $100. If you bet $100 on that -120, you would only win $83.33.
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Don’t worry. The FanDuel Sportsbook does all the calculations for you; all you have to do is input your desired betting amount. The bet slip will show you how much you can win for the particular bet you have chosen.
Common Types of Bets
There are a lot of different betting options, but we are going to stick to the basics for now. The most common types of betting are “Money Line”, “Spread”(sometimes referred to the “Run Line” in baseball and the “Puck Line” in hockey), and “Total”.
Money Line
“Money Line” betting is the simplest and most common form of betting. This means you are betting who will win the game or match. It is that simple. If you would want to bet on the Green Bay Packers to win against the Pittsburgh Steelers, no matter by how much, all you would do is place a Money Line bet. For favorites, the payouts are smaller on Money Line bets. For underdogs, the payouts are higher.
Spread
The “Spread” is the score set by the sportsbooks that your bet must either win by if they are the favorite or “cover” if they are the underdog. Covering means an underdog doesn’t lose by the amount of the spread or more. An example of this would be if the Packers were favored by seven points. You would see Green Bay-7 in the sportsbook, and in return, you would see Dallas+7. This means if you bet the spread, the Packers have to win by more than seven for that bet to win. If you take Dallas, they can lose by as many as six points or even win the game, and you win your bet. The Spread is how a sportsbook evens the playing field for underdogs.
Total
The “Total” is another simple and common way of betting. This means you are betting the “Over” or “Under” on a specific game. In an NFL game, you could see a total of 40 points. If you bet the Under, you would need the combined score of the two teams playing in that game to be less than 40 points to win your bet. If you take the Over, any total in that game higher than 40 points will get you the win.
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