If you’re new to the world of sports betting, one of the first things you’ll need to do is figure out how betting odds work. At a quick glance, betting odds can be quite intimidating to first-time bettors, and you may find yourself asking “how do betting odds work? ” That’s where Compare.bet can help; we’ve taken it back to the basics to explain betting odds and how they work.
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There are a few instances when it’s a good idea to bet on a point spread. The first is when both teams are relatively equal because there’s a higher chance that you can win your bet. Another instance is if you’re trying to get a larger return. These bets can give a great payout, but they can also cause you to lose a nice chunk of change. Understanding betting odds is critical to becoming a successful sports bettor or at least giving yourself a better chance at winning pick’em pools and other contests. Odds Shark shows you how the betting line is set,who sets the line, andwhy lines moveduring the week.
In simple terms, you’ll get $1 for every $1 you wager, including the original amount you placed on the bet. The good thing is that it’s super simple to calculate the payout for decimal odds. For the most part, the minus stays around -110, which means a bet of $110 would give you winnings of $100 if your bet actually wins.
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Why Do Point Spreads Change?
Our reputation is built off of reliability and trustworthiness. Odds Shark has been around for as long as most betting websites, and has earned a prestigious position in an extremely competitive betting market which few can match. Looking forNFL consensusdata on howVegasis betting each game orNCAA football power rankingsto help with your handicapping?
Even though point spreads are used across multiple sports, they’re all read pretty much the same way. For example, football would be goals, basketball would be points, and hockey would be goals. It’ll all depend on the game and if you aren’t sure, you can reach out to the pros handling your money. The simple reason for this is because the sportsbook has the right to shift the odds and spread whenever they want. You have to remember they’ll want to try and come out even, so they’ll shift the odds and spread more towards their favor.
Bookmakers have implied with the moneyline set for this matchup that Boston has a 78.5% chance of pulling out a win. In hockey, overtime is sudden death so a -1.5 puck line bet is never going to win in NHL overtime.