How to read football point spreads and what the odds and lines mean with analysis by Docsports.com. Get A Free Account. ... What the Odds and Lines Mean. by Chris Vasile - 9/21/2018.
Positive odds show the potential profit if you were to wage $100. So, if you bet $100 on the Boston Celtics to win, the profit you will win if they do is $120. Negative odds show the amount of money one would have to wager in order to win a profit of $100.
he odds change because of physical events during the match itself, like a red flag, player change, injury, penalty, goal, or other events that might change the match's outcome. Another reason why the odds change is because of the initial cash projections, whenever they have to be adjusted. How can punters benefit from the football odds?
When the odds for two teams are even, meaning 1 to 1, it means that each team is equally as likely to win the game. If Team A is assigned 2 to 1 odds, it means Team B is twice as likely to win. If Team A is assigned 10 to 1 odds, it means Team B is ten times as likely to win.
If you think the team is going to win, make a $100 USD wager on them for your bet. If they win the game by any point margin, then you receive your original bet back as well as the amount listed on the odds. For example, if the team has money line odds of +235, then you pay a $100 USD wager.
Negative American odds / (negative American odds + 100) * 100 = implied probability. Based on this formula, what you need to do if betting on the Los Angeles Lakers is 300/ (300+100) *100 = 300/400*100 or 75.00%.
This means that the team or person is an underdog to win, which means that they are not the favourite. With a number like +200, the 200 is the total amount of PROFIT that you would win with a bet of $100. So, with an odds number of +200, you would win $200 in profit if you bet on them to win and they actually won.
Typically, a point spread has odds of -110 for either side of the bet. In the example above between the Cowboys and Giants, the point spread is 4.5 points, while the odds are -110, meaning you would have to wager $110 to earn a profit of $100, or a profit of $0.91 for every dollar you bet.