1. How To Read The Moneyline Odds For Today
2. How To Read The Moneyline Odds Genesis Open
3. How To Read A Moneyline

How To Read The Moneyline Odds For Today

If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the. Betting Sites » How to Bet on Sports » How to Read Odds: Sports Betting Odds. What this does is it allows you to quickly read the odds and calculate how. Fear not, everything you need to know around NFL odds, including how to read NFL odds, how to understand. Well, it’s dissimilar to the Moneyline odds in.

Arguably the most important and basic element of not just NFL betting, but sports betting in general, is undeniably being able to read and understand odds. After all, odds convey the most important piece of information to any bettor, whether they be Doc Holiday or Joe Six Pack; how much money they stand to win should their bet hit.

When wagering on the NFL, the difference between making an informed bet and uninformed bet (read: a bad bet) rests solely on the bettor’s understanding of odds and bet types. Needless to say, given that money is at stake, knowing how to read and understand NFL odds at BetOnline is a prerequisite to successful NFL betting. However, luckily for the uninitiated, this short explanation will help shed light on a subject that is deceptively simple.

How to Read Odds

As mentioned, odds are the language in which sportsbooks convey what the potential payout on any given bet is. While there are many different ways to bet on the NFL, the odds are expressed in the same way across every bet type.

In the US, odds are more often than not written in a format known as “moneyline” odds (also known as “American” odds). This system is identified by the positive (+) and negative (-) signs, which denote the underdog and the favorite, respectively.

The most important piece of information here for any bettor to know is that the negative sign corresponds to the amount a bettor needs to wager in order to win $100. Similarly, the positive sign corresponds to the potential payout a bettor can win by wagering $100. It’s that straightforward.

For the sake of brevity, let’s take an example…

Say you’re looking to bet on the moneyline between Detroit Lions vs the Green Bay Packers (don’t worry, we’ll cover what moneyline bets are later). The Lions are listed at odds of +155, while the Packers are listed at odds of -175. Straight away, we know the Lions are the underdogs (to the surprise of absolutely no one), while the Packers are the favorites.

Knowing what we know, a $100 bet on the Detroit Lions to win will pay $255.00 ($155.00 in profit plus the original wager of $100.00, also known as the “outlay”). In the same vein, a $100 bet on the Packers to win would yield a payout of $157.14 ($57.14 in profit plus the $100 outlay).

While math is admittedly less fun than sports betting, the two are indeed bedfellows. However, don’t fret! For those bets with nice, round odds, calculating the potential payout is easy. For those bets with more complicated odds, there are no shortage of free payout calculators that are easy to use.

For you gluttons for punishment, on the other hand, the calculations are as follows:

For favorites: Divide the odds by 100 and multiply the result by your wager amount. In our example, the calculation would be (155/100)x100=$155.

For underdogs: Divide 100 by the odds and multiply the result by your wager amount. In our example, the calculation would be (100/175)x100=$57.14.

Types of Bets and What Their Odds Mean

As mentioned above, before diving into the many different ways one can wager on the NFL, we first need to know how to read odds and what they mean. Now that we’ve crossed that bridge successfully, it’s time to see how those odds are applied to various bet types.

While there are many different ways to bet on the NFL, we will focus on the standard betting choices such as moneylines, point spreads, and totals. Additionally, we will also cover popular bet types such as propositions (props), futures, and parlays.

Moneylines: In as few words as possible, NFL moneyline bets are simply wagering on a particular team to win a game. Using our example above, wagering on the Detroit Lions to beat the Packers at odds of +155 is an example of a moneyline bet. However, what happens in the event of a tie? Should the game result in a tie, the bet is known as a “push” and you’re refunded your wager in full.

How To Read The Moneyline Odds Genesis Open

Spread betting: One of the most popular and famous ways to bet on the NFL is to bet on game point spreads. For those who don’t know, point spreads are the “line” that bookmakers set as the number of points they believe the favorite team will win by. In order for a bet on the favorite team to hit, that team must win by more points than the line is set at (known in industry jargon as “covering the spread”). Alternatively, for a bet on the underdog to win, that team must either win the game outright or lose by less than the line.

Totals: Also known as “Over/Under” bets. Odds on these bets refer to whether the combined score of the game will be over or under an amount set by the bookie. Using our example from above, say the score of the Lions vs. Packers is set at 48. If you select the “Over,” you are wagering that the score will be above 48. Conversely, if you select the “Under,” you are wagering that the score will be under 48.

Proposition bets: Also known as “prop” bets, these bets are wagers on the occurrence of a particular event in a given game. Props can be made on either entire teams or on individual players and odds reflect these events. In terms of the NFL examples can include a safety, interceptions, the longest rush, passing yards, and more.

How To Read A Moneyline

Futures: Spoiler alert, futures bets are bets made on any event that will take place at some point in the future. Similar to prop bets, futures bets can be made on both entire teams (winning the Super Bowl, AFC, or NFC for example) or on individual players (MVP, Defensive Player of the Year, or Rookie of the Year for example). Due to the fact that the outcomes of these bets are only known at a later point in time, odds for such bets can be much higher than other standard betting types.

Parlays: Parlay bets are compound wagers made up of two more individual bets. These bets can either be for the same game or spread across multiple games! Additionally, they can also include combinations of moneylines, spreads, and totals bets. However, in order for a parlay to win, all legs of the wager must hit. If even one bet misses, the entire bet is lost. In terms of odds, each constituent bet has its own odds. However, when listed together in the same bet slip, the odds are compounded exponentially…along with the potential payouts. As such, the odds of hitting large parlays (four or more bets) are generally quite low, yet can pay out massively for even small bets such as $10 or $20.

Regardless of one’s bet type, it is vital to understand your chances of winning and what your potential payouts can be. In order to get the best value possible however (and more importantly, the best payouts possible!) it is highly recommended to shop around and compare odds on all your bets before you place them.