Experts in sports betting know the answer to the question, “how do odds work?” and can use that information to decide which outcome the bookie considers more likely. HOW DO ODDS WORK?īetting odds are determined by a number of calculations factored in by sportsbook providers. So how do odds work anyway? Let’s break it down in the next section with the basics of betting odds explained. Learning how to read odds is the foundation of developing a successful sports betting strategy. Conversely, betting on the less likely outcome correctly pays much better. The more likely an outcome is, the less you can make wagering on that outcome. Check out our guide and have all of your questions on betting odds explained below.īetting odds are a measure of how likely or unlikely a sportsbook finds an event to be. You may be wondering how to read odds, or even how do odds work? Well, you’ve come to the right place.

Providers in these states are already offering betting odds on all of your favorite events.īut if you’re new to sports betting, all the information may seem a bit overwhelming. Since the end of the federal prohibition on sports wagering, several states have legalized sports betting. See the official house rules and current customer sheets for all current and up to date house rules.Sports betting is taking off across the United States. Wagering rules and conditions are subject to change. *Information stated on the How to Bet pages are not the official house rules. In the event of a shootout, for wagering purposes, the winner is awarded one goal, which is considered in the determination of the winner and loser and counts in the game total. No ties will occur with a half-point line. To bet on the under, the player must lay $150 for every $100 he wishes to win, or $15 for every $10. To wager on the Over, the player will win $130 for every $100 wagered, $13 for $10 or any multiple thereof. This is the combined number of goals scored by both teams, including any overtime. A wager on Detroit, +1 1/2 goal, would win $100 for every $180 wagered or $10 for every $18 and Detroit must win the game or loss by less than a goal. You can also wager on the point spread or “Puck Line”, Pittsburgh is a -1 1/2 goal favorite, which means for every $100 the player bets on Pittsburgh you will win $160, but Pittsburgh must win by 2 goals or more. A wager on Detroit would win $130 for every $100 wagered or $13 for every $10. To win $10, he would bet $15 and collect $25 if Pittsburgh wins.

Pittsburgh is a -150 favorite, which means for every $100 the player wants to win on Pittsburgh, he must lay $150. In this example, Pittsburgh is the home team, which is always listed on the bottom, unless otherwise specified. Hockey Betting Lines and Hockey Betting Spreads

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