So, for example, if you bet $100 on the favorite (Las Vegas Raiders) to cover the spread at -9.5, they would need to win by 10 points or more to win your bet. The point spread is the number of points sportsbooks believe the favorite to better than the underdog. When you bet on the spread, you’re betting that the favorite or underdog will cover the points spread.

But if you bet on the Miami Marlins, who are +140 underdogs to win, then you would win $140 by risking $100.

So, for example, if the Atlanta Braves are -165 favorites to win, that means you have to risk $165 in order to win $100. The moneyline odds show how likely it is that the team will win. When you make a moneyline bet, you are betting on one team to win the game. In this tutorial, we will go over the most common types of sports bets and help you understand how to place each type of bet. There are many different types of sports bets that you can make. The higher number on top (3/1) suggests that the team is three times more likely to lose than win. The lower number on top (1/3) indicates that the team is expected to win by three times more than they are to lose. In fractional form, you’ll encounter something like 1/3 or 3/1. When the odds read -125, it means you must risk $ 125 to win $100 when the odds read +125, you will be risking 125 or +125 are two examples: the negative numbers suggest that they are the favorites, whereas the positive numbers imply that they are underdogs. Odds are most often presented in a numerical or fractional format, although there are alternative methods.Įverything is based on 100 bets in numerical form.

In this case, the probability or chance of one outcome compared to the other is indicated by betting odds. Don’t worry, though our sports betting for dummies tutorial will walk you through the basics of sports betting and get you started as a bettor! How to read sports betting odds Sports betting is a wonderful way to make sports more interesting, but it can be perplexing and difficult to understand how to wager on sports.

Sports betting for dummies pdf