Author Topic: how do sports betting odds work !  (Read 2 times)

OlgaJ6099

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how do sports betting odds work !
« on: October 15, 2024, 11:38:47 AM »
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Learn how to Sports Betting Persuasively In 3 Simple Steps

Yep, that’s right. That 10% “fee” the sportsbooks charge is called “the vig.” It’s also sometimes called “the juice.” Essentially this is the commission charged by the sportsbook to ensure their business makes some money. The WSJ report said the Better Business Bureau sends complaints to the companies and grades those businesses on whether they respond to those complaints. Profitable strategies often involve real-time line monitoring software that sends you alerts when favorable odds pop up. Lastly, we offer sportsbook reviews of the best places to bet online, offering the best sportsbook bonuses, lowest odds offerings, fastest payouts, and more. Let’s say you are from Williamsburg, and you want to place a bet on the Nets to win this game. Using our same example, you can see in the middle column of the wagering menu that the expected points total for the game is 234.5. The bet offered here is simple. Your payout is indicated by the “price” represented by a plus or minus sign in the far-right column of the wagering menu. Returning to our example, let’s look at the option in the far left of the betting menu. We will look at what moneyline (ML), against the spread (ATS), straight up (SU), over/under (O/U), vig, and what all those plus and minus signs really mean-spoiler alert: it’s actually incredibly simple.

The top number is what is called “the spread.” The bottom number may look familiar, as it’s the same rate the sportsbook offered for the over/under bet. So, what exactly is “the spread? So, being a Nets fan, you think Kevin Durant is in line for a huge game, but you know their defense also won’t be able to stop the 76ers. You expect them to win this one with an explosive offense, and you expect a lot of points in this game. So, if you bet $110 on the Nets ATS, you would have made a $100 profit for a $210 total payout. Do you think the total points scored in this game will be more or less than 234.5? For example: If the final score of the game is Brooklyn 117, Philadelphia 120, as far as the sportsbook is concerned, Brooklyn actually scored 121.5 to Philadelphia’s 120, and Brooklyn wins this game ATS. In this case, you can add 4.5 points to the Nets’ final score to determine who wins.

Each individual state has its own regulators who decide which bets are legal. What Subscription Packages are Available? Many online bettors enjoy props because they are unique, profitable, and arguably more fun than, say, money lines. I can assure you that you DO NOT want to waste your money on this TERRIBLE SITE! At the very least, the site should offer credit and debit cards, mobile banking, net banking, and third-party options. Subsequently they are allowed to explore different avenues regarding site content however much they wish, creating anything that they truly care about. Stakeholders are invited to attend the workshop and are encouraged to provide comment and concerns regarding the proposed Rule language. Sportsbooks are willing to pay out more for the less-likely outcome. While many casinos have introduced sportsbooks, small retail outlets and online sportsbooks dominate much of the sports betting industry. One thing to keep in mind: As with the other sports referenced in this tutorial, plus-minus odds come into play with Over/Under betting in both boxing and the UFC.

This represents Vegas thinks this game could go either way: over or under 234.5. It’s a coin flip, and you have 50/50 odds to win this bet. Your college roommate doesn’t feel so optimistic about a high-scoring game. Now, let's say our college roommate is a Philadelphia 76ers fan. The 76ers backer must bet $188 for a $100 profit and potential $288 return. 155 on the ML, while the 76ers are -188. However, if you had bet the Nets on the ML, you could not add the 4.5 handicap, and you would have lost your entire investment. If an underdog wins on the ML, the payout is more significant because the outcome was considered less likely. In our example, the Brooklyn Nets are the underdog, and the payout will be more than what you initially invested should the Nets win the game. You will only lose $100 if the Nets, the underdogs, do not win the game.
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