With straight bets, we have to bet a little more than we stand to win. The industry-standard is -110, meaning you bet $110 for every $100 you hope to win. But with a little work, you can find a -105 line where you only bet $105 for every $100 you want to win. Odds Shark’s 101 wagering tutorials are essentially your online gambling bible for everything pertaining to online sports betting.
How to Understand Betting Odds – The Ultimate Beginner`s Guide
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“Second Chance” means that if any of your first 5 cash bets on a Fixed Odds market loses, you will receive Bonus Bet in the amount of the losing wager, up to $100 each. If your first Fixed Odds cash bet of the day wins, you are not eligible for the Bonus Bet. A parlay wager is a single bet that is linked with two or more wagers. In order to win a parlay bet, a bettor must win every wager in the parlay. If a bettor loses one wager in the parlay then they will lose the entire parlay bet.
A round robin is essentially a series of parlay bets. For instance, a round robin made up of three teams will consist of three two-team parlay bets.
How To Read a Point Spread
This means you’d win $2.50 for every $1 you wager. This depends on your level of knowledge, betting experience, and the value of the odds. Moneyline bets are the easiest to place as they focus solely on the winner, making them a favorite bet for new gamblers. Point spreads can be harder to determine as the sportsbook has evened out the odds between the two teams. We recommend researching a team or athlete’s recent performance, as well as the venue, before placing any point spread bets.
Best NFL Teams to Live Bet During 2023 Season
It’s relatively easy to understand and you just have to remember what the plus and minus signs mean. With this betting type, you’ll see odds that have a plus sign or minus sign. The team that isn’t favored to win has a minus sign and the favorite has a plus sign. The next thing we’ll do is show you how to read these odds.