How to Read Sports Betting Odds: American Odds Explained …

In the United States, it is standard to use the American odds format (shocking!). Each bet will always have a plus (+) or minus (-) in front of a number greater than 100. Take for example how the following moneyline bet odds would be displayed for the following sporting event: Chicago Bears -196 Washington Redskins +170 Since this is a moneyline be...

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FAQs about How to Read Sports Betting Odds: American Odds Explained … Coupon?

How to read sports betting odds?

Most sports betting sites will give you the option in how you display your sports odds, so it is important to understand how to read them. All sports betting types will have odds attached to them: point spread, money line, total, futures, props, and more. In the United States, it is standard to use the American odds format (shocking!). ...

What are American sports betting odds?

American odds are typically centered around a standard wager of $100, making it easier for bettors to understand the odds format used in U.S. sportsbooks. The odds dictate how much you have to risk, but not what needs to happen for you to win the bet. ...

Do you understand betting odds?

When you start betting, be it sports betting, casino gambling, or other types, you must fully understand betting odds. It is absurd to place a wager without understanding the different types of betting odds and how to interpret and read the different formats. ...

How to read American lines odds?

American lines odds are easy for those who want to know how to read betting lines. The point spread helps distinguish the quality in a matchup. So, if you were betting on the NBA, and the Los Angeles Lakers were facing Oklahoma City Thunder, the Lakers would be favorites. The point spread line might look like this: ...

What do sports bettors need to know about betting odds?

Basic knowledge of odds along with an understanding of calculating them is something sports bettors need. Betting odds usually reflect your chance of winning and the amount you can win if you place a wager. They are somewhat confusing at first, so here at Oddspedia, our in house experts have compiled a guide for you. ...

Should you bet $100 on American odds?

While an example of a $100 bet is helpful for learning how American odds work, we don’t recommend it in practice unless you can afford it. In fact, you’re encouraged to establish betting units that fit your budget. The good news is the process scales with your wager. ...