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Most sports will offer all three types of wagers, but some sports will predominantly feature money lines. For instance, UFC betting odds will be mainly portrayed as moneyline wagers where a bettor bets on which fighter will win a fight American football and basketball are arguably the most bet-on sports in North America.

Point spread NFL lines focus on the outcome of the game rather than which team will win. This way, it levels the playing field enough to give each team the appearance of an equal shot. And that attracts betting on both sides of the coin. In football, it's not uncommon to see an underdog come through with the cover according to the point spread set out in the NFL betting lines but still lose the game outright.

Kansas City Chiefs. It's worth pointing out that while point spread betting is extremely popular in football and basketball betting, at the corresponding college level, the point spreads can be quite hefty, verging in the double digits. It's quite common to see college basketball lines or college football lines in the double-digit range.

Moneyline - The moneyline wager is simply a bet on which team will win. A bettor either bets on the favorite or the underdog to win the game. Typically, betting the favorite will yield a lower return on investment and betting the underdog will yield a higher return on investment. ML odds can be extremely profitable when underdogs pull off the upset.

Totals are quite popular amongst NHL bettors, especially when money line odds are skewed significantly toward the favorite. NHL lines for totals are a great alternative as a result. For example, in a lopsided matchup between the Boston Bruins vs. Buffalo Sabres where the former carries inflated odds at to win outright, a bettor might be better served turning to the totals where a bet on either the Over or Under offers a better return on investment.

Over 5. While the format may differ from sportsbook to sportsbook, the implied probability remains the same. Neither format is better than the other, but deciding on the preferred format is largely an individual one. In order to make that decision, learning how to read each format is key. It's that old adage again, knowledge is power. Location dictates what format a sportsbook will default to naturally.

Most US-facing sportsbooks use American odds, but, at the same time, settings that allow users to convert the odds to their desired format are typically available be it — American, fractional or decimal. For the purpose of uniformity and consistency, we're using American odds here.

For those sportsbooks that don't provide odds in more than one format, using an odds converter to convert betting odds is an option available with BMR. How To Read American Odds American odds, as alluded to above, are depicted as either negative or positive odds — the former being a favorite represented with a "minus" sign and the latter being an underdog represented with a "plus" sign. Boston Celtics might look like this in moneyline betting markets.

Due to the high risk and low reward presented by betting on the Nets though, bettors might decide to fade the Nets and look at alternate NBA lines instead. How to Calculate Winnings With American Odds Betting typically comes down to one of two things: betting on a favorite or betting on an underdog. The bigger the favorite the lower the payout will be.

While the bigger the underdog, the higher the payout will be. Calculating winnings with American sports betting odds is straightforward. Obviously, a bet on Virginia would pay out better than a bet on the Clemson Tigers, but it's a risky bet and not for the fainthearted.

They're easy to read, but they can be confusing and challenging to convert for many. How to Calculate Winnings With Fractional Odds Short of taking a maths course in order to learn how to convert fractions into implied probability, the best way to figure out what the payout on fractional odds is to use our aforementioned odds converter.

At first glance, decimal odds appear to be the most intimidating of the lot. However, many actually prefer decimal odds to traditional fractions. It's really an individual preference. Which represents the greater price?

This rule change gave states the go-ahead to legalize betting on sports. One research firm estimated 32 states would probably offer sports betting within five years. With the growing trend of Sports Betting becoming more excusable, interest on how to bet on sports has emerged. However, on first glance, most people don't fully understand how betting odds work and find the process difficult to understand.

The following is a quick walkthrough of betting odds explained for those who have always been interested in learning. Understanding how odds work should be the first thing you learn if you plan on having success in the often cold world of sports betting. Probability Probability itself has a rather simple definition; "the extent to which something is probable; the likelihood of something happening or being the case".

Easy enough.