Same goes for Penn State +6.5 — you’re only risking $1.10 for every $1 you want to win. If the Nittany Lions lose by 1-6 points or win the game, you win your bet. You only have to risk $1.10 for every $1 you want to win when betting Ohio State -6.5, but it has to win the game by at least 7 points. You don’t need to wager exactly $100 of course, and sportsbooks will calculate your payouts automatically no matter what the amount you want to bet. You can also use our betting calculator to familiarize yourself with how it works. Any odds with a minus sign (like -110) indicate that you must risk more than you’ll win — a $110 bet at -110 would win $100.
American Odds and the Concept of -110
The odds are a fraction and we’ll use 3/1 as an example. This fraction means that you can win three stakes for every one stake. For example, you might see that the Browns have decimal odds of 1.5.
How Do Sports Betting Odds Work? American Odds, Explained
This is something you want to watch because you never know when it’ll change. If possible, try and check the lines multiple times a day to ensure you’re staying up-to-date on exactly what’s going on. The favorite is the team that a sportsbook thinks will win. In spread betting, the underdog can win or lose by less than specified points. Gone are the days of betting on our desktops like dinosaurs. In order to preserve betting from extinction, sports bettors needed more ways in which to wager on the go. That’s why we at Odds Shark explore the differentmobiledevices andappsyou can bet online from to fulfill all yourlive bettingneeds.
Betting Odds FAQ
These types are alternate ways of presenting the same thing and hold no difference in terms of payouts. Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models.
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All of our content is created by informed writers with backgrounds in their subject area and reviewed for omissions or mistakes. Try to wait as long as possible before placing your bet. If you see a lot of movement earlier in the week, that’s probably because of bettors that have a lot of money on the line. This is a good way to see where you should put your money.
Our sports odds guide offers more info on point spread, fractional odds, and more if you want to boost your knowledge on sports betting. Our guide to sports betting lines will have you making expert wagers on the biggest leagues in the USA in no time. We’ll teach you how betting lines work and give you the lowdown on sports odds to help you make sharper bets. Around the world, most sportsbooks and bettors use decimal odds or fractional odds. Most of the time, these are displayed as 10/1 or 7/2. Basically, the number on the left is how much you’ll win and the number on the right is how much you place on the bet. To figure out 7/2, we’ll use the same number as above.