Best Sports Betting Odds
Posted : admin On 7/19/2022Sports Betting Odds Explained. Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below. American Style Sports Betting Odds.
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Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.
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Sports Betting Odds Explained
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds
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Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds
- Matchup Odds
- New England Patriots +120
- Pittsburgh Steelers -140
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Examples:
Below is an example of NFL betting odds taken from an online betting site.
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In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
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Decimal Style Sports Betting Odds
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.
The PGA Tour remains in Hawaii for this week’s Sony Open at Waialae Country Club in Honolulu, Hawaii. This will be the first full-field event of 2021 following Harris English‘s victory at the exclusive Sentry Tournament of Champions. Below, we look at the 2021 Sony Open betting odds, and make our PGA Tour picks and predictions to win.
The Tour shifts back to La Quinta, California, for next week’s The American Express.
Also see:
2021 Sony Open Fantasy Golf Power Rankings2021 Sony Open prop bets2021 Sony Open betting picks – Favorite
Odds provided by BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated Wednesday at 12:06 p.m. ET.
Sungjae Im (+1800)
Im comes off a T-5 finish last week in which he led the field with 2.38 Strokes Gained: Tee-to-Green per round, according to Data Golf. He also gained 1.28 strokes per round on approach but was undone by his 0.81 strokes lost per round on the greens. It was his debut at the Plantation Course at Kapalua, Hawaii, following his first PGA Tour win last year.
He has played eight career rounds at Waialae CC with an average of 1.51 strokes gained per round to rank fourth in this field. He finished 16th in 2019 and 21st last year.
Im needs to be just a little closer to average with the putter at a course where he has played well before. He averaged 0.84 SG: Putting per round last year.
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2021 Sony Open betting picks – Contender
Marc Leishman (+6000)
Leishman tied for 24th in last week’s condensed 42-man field despite losing 1.27 strokes per round on the greens. He returns to Waialae with an average of 1.45 strokes gained per round on the field over 44 career rounds. He finished third in 2019, was third in last year’s field with 2.18 SG: Tee-to-Green per round and has never missed the cut in this event.
Over the last few years, he has played his best golf in these early-season events. He has seven top-10 results between January and March over the last three years.
2021 Sony Open betting picks – Long shot
Tom Hoge (+10000)
Hoge begins his 2021 golf season 80th in the Golfweek/Sagarin world rankings after ending his 2020 schedule with a T-3 at the Mayakoba Golf Classic. He’ll play this event for a fourth consecutive year with a top finish of third in 2018.
He tied for 12th last year with 1.28 SG: Putting and 0.97 SG: Approach per round, and he finished alone in third in 2018 with 2.27 SG: Tee-to-Green per round.
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2020 MLB Home Run Leader Odds: Trout And Judge Are Top Of The Order
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