Let’s say you want to win $25 betting on the Yankees at -130 — you’re willing to risk a little more money to get the $25. Most of the time, football and basketball spreads will be -110 — just a 10% tax on your bet — since the spread makes things equal. To bet Ohio State -250 to win, you’ll have to risk $2.5 for every $1 you want to win.

Click on the View Challenge button above and hit the Opt-in button before placing your first bet within the first 7-days of creating your account. After Opting-in, place your first real money bet within 7-days and if it loses, we’ll refund it as a free bet up to $50. (Minimum odds of -200 apply) Refunds on your losing bet will be credited as a free bet after the qualifying bet settles.

Comparing Different Types of Odds

A cryptocurrency is a digital payment method that enables you to conduct secure and private online transactions. As the popularity of crypto gambling platforms grows, more individuals are opting to use cryptocurrency for online gambling. A minus 6.5 spread means the favorite team must win by more than 7 points and the losing team must lose less than 7 points to win. A 1.5 spread in baseball means the favorite team will need to win by two or more runs. With spread bets, the plus means the underdog will be getting the points, and the negative means that the favorite is giving up that amount of points. The entire process of betting can be simplified by using an online sportsbook. Not only will you be able to see any important information pop up, like injuries, but you’ll also be able to see who the favorite is and who isn’t.

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Typically played in real-time, participants can watch as the dealer deals cards or spins the wheel, all from the comfort of their own devices. When it comes to the different sportsbooks out there it is possible to find different point spread lines but generally, most sportsbooks will have similar stats. It is worth a look to scan the various betting lines when you intend to bet on a big game, that is why WSN will always list the odds from several sportsbooks for each event. You can check out the different sportsbooks and compare them here.

Vigorish Explained – There is a misconception in sports betting that one only has to hit 50% of their bets to break even. Loot explains how vig works, which makes the actual break-even point 52.38%. In the above example, Pittsburgh is a small favorite at -135.

How to Read Point Spreads

What applies to one sport may not apply to another sport. There is certainly some common ground within the different sports, but with different twists, nuances, and expressions, each sport has its own unique form. Generally, this amount refers to the point spread in a game and means the underdog team must not lose by five points or more. Quit while you’re ahead — don’t let the thrill of winning one bet encourage you to take excessive risks, and ultimately lose more money. Enter $25 as the win amount and -130 as the moneyline into the following formula.

How Do Betting Odds Work?

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However, Over 0.5 Goals Scored strategies actively work to minimize said risks. That’s the whole point of re-investing all the winnings into the next bet. Even if you bust and lose it all, you’ll simply lose a single unit that you initially staked. Check out the best mobile sports betting apps offering NFL betting promos in 2023.

How Do Odds Work in Betting?