Moneyline Bets Explained ~ How To Read Moneyline Betting Odds

After shaping up as the most polarizing election in recent memory, sports bettors took heavy action on both sides of the political sportsbooks. An unnamed bettor from the UK put $650,000 on Democratic nominee Joe Biden to win and collected over $1 million after the win. Donald Trump also had support with an Australian bettor risking $140,000 on Trump to win (to win $231,000). The largest reported wager on the 2020 election though was a $5 million risk made by an anonymous former banker turned gambler in England. While $15 million was to be won by supporting the former president, the gambler lost their very expensive lunch.

Odds With Minus Sign Favorite

For example, a wager can be based on the when a point is scored in the game in minutes and each minute away from the prediction increases or reduces the payout. Based on this, there has a movement to attract more people to horse racing by Live Odds making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. A 3-way hockey puck line hand is like a normal puck line bet in every way except that there’s an option to bet on the match to draw.

What Does Over 2 0 Goals Mean?

How much you are set to win from each of these bets will be decided by the bookmaker’s odds, and how much money you want to wager . If you are having trouble deciding who is likely to win a game, then an over/under bet might be the way to go. Sometimes referred to as ‘totals’ betting, over/under odds are a bet on the total combined score in a game. Essentially, these odds show how much your profit will be based on the amount you wager.

A -230 money line means you need to bet $230 to win $100 if the team you bet on won. If the match or game is delayed or canceled, the bet will be graded as a push. In this case, the bet amount will be credited to your account. When you click on the bet that you want, you should be getting a virtual betting slip.

Betting calculators help you to get an idea of the value in certain wagers and this is always valuable information for any bettor. As we mentioned, the calculation is a little more difficult. Multiply your bet by the top number, then divide the figure by the bottom number. As such, a $10 bet at 5/2 odds is (10×5) / 2, which pays out at $25. Whether you’re looking to place your first wager, or you’re a seasoned betting professional, SportsBetting.com is the place for you. The option-adjusted spread measures the difference in yield between a bond with an embedded option, such as an MBS, with the yield on Treasuries.

You either think a game will be a low scoring one with 2 goals or less OR you think there will be goals a-plenty, with 3 goals or more. We try hard to make sure that the site is up to date at all times. Therefore, we assume no responsibility for actions taken as a result of information on this site and always recommend you to check terms and conditions before placing any bet. Rugby – one of the teams will start with a points advantage.

If a push does occur, you will simply be refunded your money. Your payout would be $23.75 ($10 initial stake + your winnings of $13.75). The number on the left dictates how many times the book expects the relevant outcome to fail; whereas the number on the right tells us how many times the outcome is expected to succeed. You can use the formula below to calculate the potential winnings for any value you wish to wager.