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1. How To Read Football Odds
2. How To Read Football Odds Ratio
3. How To Read And Understand Soccer Odds
4. How Do You Read Soccer Odds
5. How To Read Soccer Betting Odds

The big board at any Vegas sports book is a sight to behold. A slick cross between the New York Stock Exchange and a McDonald’s walk-up menu, the boards are updated moment to moment and bet to bet, giving a sports gambler all the data he needs to make a smart bet.

All you have to do is multiply your wager by the odds to find out your potential winnings. Bet x Odds = Payout (original bet + profit) For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. By Loot, NCAA Football Handicapper, Lootmeister.com. College football is a wildly popular form of sports betting that is relatively easy to understand. No human, regardless of how little they know about math, sports wagering, or college football is more than a few minutes from knowing how to read the odds in college football. Soccer odds Soccer odds represent how likely a team can win the match. Soccer is watched by 3.57 billion people across the world and everyone wants has his or her favourite team to win the match. In soccer betting, if you predict the winner correctly, you win money. On the contrary, if your prediction goes wrong, you lose money.

Fractional odds are the oldest way which bookmakers have displayed prices. They are harder to read than decimal odds, but are quite common and thusly worth learning. To decipher fractional odds, lets look at a tennis matchup between Novak Djokovic and Rafael Nadal: Nadal – 4/6 Djokovic – 6/5.

These boards are copied and pasted into the newspapers or shrunk to fit computer screens and smartphone apps but nothing measures up to the real thing. Hundreds of games, thousands of bets. All listed above you.

The big boards in Vegas tell us many things. The favorites. The underdogs. The payout. Where the money is. Knowing how to read Vegas Odds is important to every gambler not just to place a bet, obviously, but to place a smart bet. And that’s all good gamblers want to do. They want to make smart bets, win 60-70 percent of the time, and move on to the next bet.

But how do the big boards in Vegas work? What are they telling us? And what can we derive from them? It is just as important to know the odds you’re gambling with as it is to know the sport you’re gambling on. Making a smart bet is the goal. And smart gamblers use all the information available in order to do so.

For a brilliant summary for reading Vegas Odds 101, listen to our Sports and Vegas Odds Podcast episode where Ryan breaks it all down for you:

American Odds

Vegas odds are often referred to as “American Odds” because Americans always have to be different. We ignore the metric system. We call football, soccer. We drive on the wrong side of the road. Why would sports gambling be any different?

American odds are presented in the form of a $100 bet. They’ll indicate the amount you need to wager to win $100 or the amount you’ll win if you bet $100. So, for a favorite, the odds will begin with a minus (-) sign. This is the amount you need to bet in order to win $100.

On the other hand, the underdog’s odds will begin with a plus (+) sign. This is the amount you will receive if you were to bet $100. This does not mean you have to bet $100. Or mean that you can only bet as much as $100. See, Americans have to be different. Hang in there because we have some examples forthcoming.

These odds will come into play a few ways depending on the type of bet you place. The moneyline, the point spread, and the totals (over/under) are all bets available on the board. Let’s look at how to read them in Vegas with the odds.

The Moneyline

Simply put, a bet on the moneyline is an odds bet. It’s where “American odds” can easily be seen. With a moneyline bet you’re simply picking the winner and the payout is determined by the odds.

Obviously, a bet on the favorite is going to pay out less than a bet on the underdog. Let’s look at an example of a moneyline bet with an NBA game and how it would appear in Vegas. The Pacers/Cavs line.

• Indiana Pacers +350
• Cleveland Cavaliers -440

The Pacers are the underdog on the moneyline at +350. The Cavs are the favorites on the moneyline with -440. This means a $100 bet on the Pacers to win pays $350. And that you would have to wager $440 on the Cavs to win $100. This ratio holds true for a wager of any amount. A $10 bet on the Pacers pays $35 while a $10 bet on the Cavs pays $2.27. So on and so forth.

The Point Spread

The most common and popular of sports bets is the point spread. As simply as we can put it, the point spread is the number the oddsmakers use to handicap the favorites to even-up the final score of the game. This in turn sparks more interest, which leads to more bets, which brings in more money. Again, the Pacers/Cavs line.

• Indiana Pacers +8 -110
• Cleveland Cavaliers -8 -110

First the -8. As noted, the Cavs are the favorites so they are giving points (8) to even up the final score. In order for the Cavs to win the bet and cover the point spread, they’d have to win by nine or more. If the Pacers stay within seven points, the Cavs fail to cover the eight points and lose the bet. If the Cavs win by eight points, it’s a “push” or a tie and all bets are returned.

Now the (-110). This number is the odds a bet on the point spread will pay out. Just like on the moneyline, since the Cavs are the favorites, you’ll have to bet $110 to win $100. You’ll notice a favorite covering the spread pays out much better than a favorite on the moneyline. You’ll also notice the favorite and the underdog have the same payouts with the point spread. This is what makes playing the point spread so popular.

Some teams are evenly matched and there isn’t a point spread at all. This would be a “pick’em” or “pk” on the big board. And the odds on the moneyline would match as well. These are “EVEN” odds. When playing the point spread the payout number will vary. -110 is about industry standard but you’ll notice -105’s, -115’s, and even as high as -125’s on point spread bets at times. More on this later but it is important to note these variations.

Totals

The totals is a bet on the total number of points (or runs or goals) scored in the game. The oddsmakers will set the number and bets are placed on whether or not the total score is OVER or UNDER that number. The number appears on the big board next to the underdog like so:

• Indiana Pacers vs. Cleveland Cavaliers 212.5 -110

The number set for this game is 212.5. Since the .5 has eliminated the chance of a push, an OVER bet will win if the total score is 213 or higher. An UNDER bet pays if the total score is 212 or lower. And, again, the payout for a win is -110.

Totals bets are seen as something of a sucker’s bet. Despite your opinion on the matter, we have to admit they are a little strange. You are wagering on what the total score will be. Not picking a winner. Picking a score.

So, it’s different than a normal who’s-going-to-win-the-game-and-by
-how-much kind of bet. However, this number is providing the gambler more information about how the oddsmakers feel about the game and that is important when making a smart bet.

Placing a Wager

The other set of numbers you will see on the big board are the rotation numbers. These are numbers assigned to teams so the sports book can easily distinguish one for the other. They appear to the left of the teams in a game on the big board as such:

• 101 Indiana Pacers +350 212.5
• 102 Cleveland Cavaliers -440 -8(-110)

These numbers simply help the sports book as well as the gambler keep track of the bet. Listed on the big board are dozens of sports, hundreds of teams and thousands of bets that can be played. It’s a good idea to keep them as organized as possible. There are at least six professional teams in New York by itself after all. Like the horses’ numbers at the track, rotation numbers just cut down on the confusion when placing a bet.

“Give me New York -220 on the moneyline for $50.”
“Which New York, dumb-dumb…”
“Sorry, 303. I’m an idiot”
“Yes, you are.”

Don’t be that guy. This is the proper way to lay a bet in Vegas. Rotation Number, Type of Bet, Amount of Wager. Everyone appreciates a well placed bet and no one likes that guy…

Reading the Big Board

Now that we know how to read Vegas Odds, we need to learn what the Vegas odds mean… That is, what are these numbers telling us in the context of the game we want to wager on. We have studied the teams, we know the rosters. What can the lines tell us to make our bet a smart bet?

Once a game is scheduled and it’s odds are posted, the bets are going to start coming in. Now, it’s in the sports book’s best interest to keep the bets as even as possible. This is why oddsmakers give you a pay out at -110.

Understanding the Vig or Juice

That’s a $110 dollar bet to win $100. Take the favorite and give the points. You’re paid out at -110. Take the underdog and get the points. You’re paid out at -110. OVER or UNDER the same. -110. This is the industry standard and goes back to the mob-only days of oddsmaking.

Where does that $10 bucks go you ask? Well, that $10 bucks on a $100 bet is the “vig” or “juice.” It’s the price for laying a bet. A little bit extra the oddsmaker gets to keep for fronting the wager.

Keeping the bets as even as they can on either side insures their money. Collect from the losers and short change the winners. It’s a brilliant business model only the mob could come up with and only Vegas would still employ.

Now, most betting lines will just give it to you straight. The favorite pays this much, you get this many points, the total is this. What we are looking for are the variations. We can ascertain plenty of valuable intel from these variations.

Why is the payout on this game -115? And why is the payout on this game EVEN? Why is the moneyline different from yesterday? And why is the point spread moving up? The devil is in the details.

Watch As The Point Spreads Move

The most obvious variation is the movement of the point spread. As the bets start coming in, the oddsmakers track which team is receiving most of the betting action. The point spread will move because the oddsmakers will change the line to try to even up the sides. Remember, they want just as many people on one side of a bet as on the other.

More people are taking the Cavs giving the eight points? Raise the point spread to nine. All of a sudden, more bets will come in for the Pacers getting the nine points. Oddsmakers can do the same with the moneyline as well as the total line. And for the same reasons.

But what does this information tell us? The line has moved up even more and now the Cavs are -10 point favorites. This means, despite the oddsmakers best efforts, more wagers have been placed on the Cavs than on the Pacers.

Smart Bettors Know Where The Action Is

Knowing where the money is can help you make a smart bet. One theory is the The-House-Always-Wins-Rule. Basically, this theory suggests you bet against everyone else and with the house because the house always wins. If more people take the favorite, the points they are giving went up and you should take the underdog.

If more people are picking the underdog, the points they are receiving have gone down and you take the favorite. It makes sense in theory but maybe not in practice. Remember, the oddsmakers want the sides to be even.

They aren’t in the business of placing their own opposing bets. What is important is knowing how everyone else is betting and the knowledge that a large segment of the gambling population shares your opinion.

Or if you think the gambling population is foolish, well, you know what to do. However you feel, keep an eye on how the line moves. It may help you make a bet you wouldn’t have or avoid a bet you were going to make.

A Close Look at the Payouts

The payouts on the point spread can vary as well. That standard -110 will turn into -105’s or EVEN’s. Or go the other way to -115’s, -120’s, or -125’s. What is the reason for these variations? It’s a lot like moving the point spread.

The oddsmakers want to even up the bet. There’s only so many points a bookie is going to give. Offering a little more here or a little less there on the payout may be enough to influence the betting action. However, you can tell where the oddsmakers are hedging with these numbers.

If the payout gets better than -110, the oddsmakers have the sides even up, love the point spread and want you to bet it and lose. If the payout gets worse than -110, the oddsmakers know they have a bad number and want to cut their losses.

Vegas Wants You To Gamble – Be Smart

How To Read Football Odds

Making smart bets is the name of the game. The only way to make smart bets is to gather as much information as possible and master how to read Vegas Odds. Get to know every bet as well as you know every team. Get to know all the odds as well as you know every player.

Otherwise, you’re just playing the lotto. Remember, Vegas wants you to gamble. It’s going to give you all the information it can in order to gamble. It’s up to you to use it.

Test your knowledge on some small starter bets. We’d recommend any of the following for players outside Las Vegas but there are plenty of good options for US players (just make sure it’s not illegal in your state):

The point spread is probably the most common bet when you think of wagering on a single sporting event. That is because it's designed to bring the two teams to an even playing field through the use of a handicap installed by oddsmakers.

Without a points handicap, it would not make sense to pay both sides of a wager the same amount when it's clear that not all teams are on equal footing. In fact, it is entirely possible for a team to lose the game in real-life but still win a bet if they only lose by less than a set number of points. Vice versa, a team can win a game, but lose the wager if they do not win by more points than what was predicted.

How Does The Point Spread Work?

When wagering against the spread, you bet on the team that will cover the betting line, and not necessarily win the game. Obviously, by taking the favorite, a bettor believes that a team will not only win the game but also win the game by a certain number of points to cover the betting line. But when wagering on the underdog, that team does not necessarily have to win the game to cover the line. For examples of point spreads and how those bets are won, please keep reading below where we give real-life examples explain betting odds for the spread in detail.

When Can The Spread Be Wagered?

The point spread might be the most common betting line for which people are familiar with. This is where the terms 'favorite' and 'underdog' are derived. But, when exactly can wagers on the point spread be placed? There are actually several points in time, and several different ways that a bettor can put action on the spread in a given matchup.

Obviously it starts with action before the game. Point spreads prior to the game will be available up until the start time before going off. Depending on the sports and league + which online sports betting site is consulted, point spreads can be up for days before the start to a matchup.

One of the nice things about online betting is that point spread wagering doesn't stop at the start of the game. With the advance in technology, bettors are able to place live wagers on the points spread, plus bet different spreads at different intervals in a game.

Beginning with live betting, point spreads are routinely adjusted predicated on the flow of the game, meaning how the favorite and underdog are performing. Live point spreads can come and go very quickly, with the potential for scores to change at any moment.

Betting the spread at different intervals in a game means that adjusted spreads are created during breaks, such as quarters or halves, and halftime lines. Oddsmakers will check out the game and how it went for a quarter or half, and then reinstall overall game lines, as well as point spreads for only that particular quarter or half.

How Do Half / .5 Point Spreads Work?

Oftentimes a point spread will not be a whole number, and will be accompanied by a decimal point and a half number. This can be significant for a point spread. Essentially what it comes down to is that a whole number point spread gives the opportunity for a wager to push. A push means that if the favorite is favored by 10 points and wins by 10 points, bettors get their money back. Just like when betting on the over/under total for points, the spread is a half-point in addition to the whole number, there is no chance to push.

Understanding Payouts When Betting On The Point Spread

The whole nature and goal behind the point spread, is to provide an even playing field for the favorite and the underdog. Obviously not every team is equal, so the point spread adjusts this. As a result, the payouts that are generally seen around a point spread is right around Even.

This is different from a moneyline, where payouts can vary greatly because there is not point spread that is installed. It is simply picking the winner straight up. Therefore, a bet on the favorite would not profit as high as it would betting the spread since no points are given. Payouts on the point spread are not always the same, but they do not vary like a moneyline.

Examples Of How The Point Spread Works

How To Read College Football Spreads

• Florida State Seminoles (-7)
• Florida Gators (+7)

Here in this example, the Florida State Seminoles have been set as seven-point favorites over the Florida Gators. That means, for the Seminoles to cover this spread, they will need to win the game by at least eight points to win the bet for a person who wagered on them.

On the flip side, the Gators are receiving seven points. They could lose the game by six points or less, and still win the betting line for a bettor who placed a wager on them.

If the Seminoles win by exactly seven points, then that would result in a push on the bet, with no payout and the bettor getting their money back.

How To Read NFL Football Point Spreads

Since betting on point spreads in the NFL is the most popular bet that people make, it is probably pretty important that you know what you are doing. The point spreads in the NFL are always alot closer then college football because you are dealing with the best of the best. You will almost never see a team favored by more then two touchdowns in the NFL, and most of the NFL point spreads are less then one touchdown. So, here is are best try at helping you understand how to read point spreads in NFL games.

Take this NFL point spread for example.

• Atlanta Falcons -3
• Carolina Panthers +3

Here in this point spread example for the NFL, the Falcons are playing the Panthers. Atlanta has been set as a three-point favorite on the betting line. That means that for Atlanta to cover the spread that has been set, they will need to win by at least four points. And for Carolina to cover the point spread, they can do so with a loss by two points or less, or obviously a win straight up. If the Falcons win by exactly three points, the bet would result in a push with no payouts.

NBA Point Spreads

• Orlando Magic -5.5 (-110)
• Chicago Bulls +5.5 (-110)

The Orlando Magic are playing the Chicago Bulls in this NBA point spread example. The Magic have been set as 5.5 point overall favorites according to this betting line.

For Orlando to cover the spread, the Magic would need to win by at least six points. For the Bulls to get the win against the spread, a loss by five points or less is needed.

Either the Magic's bettors or Bulls' bettors will get the result they need in order to win this bet because of the half point spread that is in-play; there can be no PUSH in this wager.

Bovada Sportsbook - Best Sports Betting Site For Betting On The Point Spread

The best sportsbook out there has to have a few things for it to be considered as one of the best online sportsbooks and Bovada more than a few. The point spread is just one that raises players' eyebrows and has them think about putting money on the line on these point sports. In both basketball and football and baseball, the point spread is the most important thing to pay attention to when it comes to wagering.

It is hard to say that even with a team be very start that it will be a blowout so most point spread would be pretty close to each other. With that being said, this is why using Bovada point spread is the best place to go. With a team like the Seahawks playing a team that they could easily blow out like the Miami Dolphins have very close point is there is without question an easy bet and easy money for fans to make. These are the kind of bets players need to take advantage of because once the games begin, there is no turning back. Bovada gives players plenty of chances to win big and it starts off with the point spreads offered.

SportsBetting's Sportsbook - Lots Of Betting Odds When Betting On Point Spreads

SportsBetting is the clutch sportsbook that a lot of players like to sign up for. There are so many great things that are offered here but the points spreads are one of the best that players will find if they are shopping for them while looking for an online sportsbook. While there are great bonuses along with great banking methods, the point spreads for all these games are important and are favorable for the players. These bets are the top way that players continue to cash.

The point spread is based on how good teams are and the matchup that is set up. Even those these teams could be a lot better than their competition, the point spread always for the most part are very close. This is great because sometimes this always gives the underdogs to cover with a close game and that could mean big money. Even betting on an underdog to cover the spread doesn’t mean that players pick that team to win the game and that’s why betting on point spreads is so profitable.

BetOnline Sportsbook - Point Spreads The Best On BetOnline

Point spreads are big to a lot of players because these could perhaps be the easier bets to win. This is because to win these bets, players don’t have to pick the actual team to win. With BetOnline, there are many point spread options and that goes through to every game and every sport. Players know that they can pick a team that could lose but cover the point spread and gets a huge payout!

The thing about these point spreads also here on BetOnline is that they don’t move much with the big news coming out for each team. This is why these betting options are the best to go for on BetOnline. The consistency is huge and also knowing that your team could lose but cover the spread is huge. Most of the team there is no major blowouts but when there is and you take a team to cover the spread, cash will be rolling in from BetOnline

How To Read Football Odds Ratio

MyBookie Sportsbook - Top Sportsbook With Point Spreads

There is no doubt that players like to place wagers on games point spreads which is why MyBookie makes sure to have the best point spreads than any other sportsbook out there. That is important and brings in more traffic for MyBookie. The thing that point spread is about is the hitting on the number the team is expected to cover. Betting point spread doesn’t really have anything to do with betting on a team to win.

How To Read And Understand Soccer Odds

Looking at both team's past offense experiences will tell players how to handle the point spread. The Cowboys are always in tight games so the point spread on their games are usually going to be very close. Players would see a game like the high scoring Cowboys game go down to the wire and a touchdown could determine if they hit the spread on not. Although their offense is good, their defense will help the other team cover the spread so betting on the opposite team hitting the point spread could be profitable for MyBookie players.

How Do You Read Soccer Odds

Point Spread vs. Betting On The Moneyline

Betting on the point spread is completely different from betting on teams to win a game outright. Known as 'betting on the moneyline', instead of using points to handicap each side of the wager, the sportsbook will use greater payouts versus the amount risked to reflect their relative perceptions; teams not expected to win (underdogs) pay more, sometimes exponentially, than when betting on the favorite to win when wagering on moneylines.

How To Read Soccer Betting Odds

While it makes more sense to have a point spread for sports with a lot of scoring like football and basketball, there are point spread bets for low-scoring sports at online sportsbooks. You may see NHL betting lines with one team favored to win at -2.5 and the same principles for how to cash in on that line are the exact same as other sports. Even MLS, Premier League, or other soccer matches come with a point spread. Most of the time that point spread is only a single point but there are times you may also find a team favored at -1.5. If you check out one of the online betting sites we recommend you will surely find point spread bets for these types of sports.