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US Presidential Election Betting Tips, Preview & Odds - Will Trump or Biden win the vote? US Presidential Election Odds. Winner Odds Joe Biden $1.62 Donald Trump $2.20. How Does The Electoral College System Work? Florida and The Swing States. US Presidential Election FAQs. When is the next Presidential election in America? Americans will go to the polls again on Tuesday, November 3, 2020. Who is the current President of the United States? Donald Trump is the current President of the United States. Who is the Democratic Party's nominee? Joe Biden is the Democratic Party's nominee to take on Donald Trump in November. Who is favourite for the US Election? Joe Biden is odds-on to become president. Donald Trump is the outsider to remain in office.
Top Betting Trends. (IL) If you or someone you know has a gambling problem, crisis counseling and referral services are available by calling 1-800-GAMBLER (1-800-426-2537). (IA) If you or someone you know has a gambling problem and wants help, call 1-800-BETS-OFF. (IN) If you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. Indiana Self-Restriction Program. (NJ) Bet with your head, not over it! Gambling Problem? Call 1-800-Gambler. (PA) If you or someone you know has a gambling problem, help is available, call 1-800-Gambler. (WV) If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.
Sports betting trends. Want to win today? This page is a one-stop-shop for all serious and recreational sports bettors. Here we combine betting odds from Las Vegas sportsbooks for all major sports with valuable stats, betting trends, profitable angles and our best bets for today. Have you ever wondered what side the public is betting and what side the sharps are on? With our betting trends, we’ll show you pivotal betting data aggregated from some of the most popular Las Vegas sportsbooks. The data includes betting percentages for each side of the point spread (or run-line/puck-line), moneyline, and total (also known as the Over/Under known. Find out how to read lines, visit our FAQ page, or if you’re interested in mobile wagering, visit our online sports betting section to find out where you can get the best available bonuses, promotions and free money. This information will help you discover why a line is moving a particular direction as you determine whether you want to log in to online sports betting sites to lock in your bet now or wait for more line movement. Once you’re ready to bet on today’s games, head to our NFL, NBA, MLB, NHL, NCAAF or NCAAB odds comparison pages to find which legal US sportsbook has the best odds for your particular bet(s). If you find multiple betting trends or profitable angles you like, maybe you can put our parlay calculator to use. Important Sports Betting Terms. Side: The side is the Point Spread (a bet “against the spread”) or in baseball, the Run-Line, and in hockey, the Puck-Line. Money: This is the “Moneyline” bet where sportsbooks adjust the price of the wager instead of using a point spread to handicap a sports matchup. Moneylines are more popular for MLB and NHL betting. Total: The total is also known as the Over/Under, where the wager is based on the combined score for both teams, overtime and extra innings included. Top Wagers. Rk Team Type 1 Chiefs NFL Point Spread 2 Buccaneers NFL Point Spread 3 Chiefs NFL Money Line 4 Buccaneers NFL Money Line 5 Chiefs NFL Over 6 Chiefs NFL Under 7 76ers NBA Money Line 8 USC NCAAB Point Spread 9 Virginia Tech NCAAB Point Spread 10 Flames NHL Money Line. Privacy Policy Cookie Policy The activities offered by advertising links to other sites, may be deemed an illegal activity in certain jurisdictions and are void when prohibited. The viewer is specifically warned that they should make their own inquiry into the legality of participating in any of these games and/or activities. The owner of the web sites assumes no responsibility for the actions by and makes no representation or endorsement of any of these games and/or activities if they are illegal in the jurisdiction of the reader or client of this site. Scores and Odds 2021 Copyright. All Rights Reserved. Bet with your head, not over it! Gambling Problem? Call 1-800-Gambler.
The Top Sports Betting Trends For 2021. Do you have a genuine love and enthusiasm for everything sports-related? So much so, that you pay attention to sports around the clock, and make it your priority to keep up to date on all the most recent details, news, and gossip? Well, you could put that knowledge to the test by enjoying a bet on the sports you love. Sports wagering can often be that next degree of being a fan, as not only will you get the thrill of your team winning, but you’ll also get the satisfaction of taking home some cash if you have a bet on them winning the game as well. For many sports fans, betting on the action adds even more excitement. Other than checking the live odds before match day, you might be interested in hearing all about the top sports betting trends. Regardless of the year, there are always a few patterns for you to learn about, or maybe you’ll see that you’re already up to speed with the latest happenings in the industry. The Rise Of eSports Betting. The year 2020 has been one like no other, in pretty much every sense of the phrase. Nobody could have anticipated the interruption of basically every live of sport that is out there, and during those many sporting lockdowns across the globe, punters who still wanted to have a bet, needed to look for a new product or alternative. To fill that gap, along came e-sports, which have practically dominated the sports betting market for the second half of 2020. Punters have been getting involved in wagering on several different games that are available in the e-sports betting markets, with the likes of bet365 and many other of the biggest brands in the UK , offering odds on the likes of League of Legends and Call of Duty. What’s more, eSports betting isn’t just here in Britain, and it’s a trend that is gaining momentum everywhere in the world. Much like the game of football, these eSports are open to individuals all over the globe, and attract betting interest from far and wide. Another angle that is truly pushing this trend is the means by which e-sports feel like something new to the betting community. Certainly, they’ve been around for a while for games, yet for the betting public it has that freshness and fervor that makes more punters want to try it out. You only need to look at the 2019 Fortnite World Championship challenge for instance, which in viewing figures alone attracted over 1.8 million hours of viewed content. That is extraordinary when you consider it already has to compete against different sports and events, such as the Premier League. However, what sets it apart from the rest is that there can always be a new game released to market. Plus, the way that watchers can view all of the different games or sports across various gadgets and devices, is simply helping to drive this trend to new levels. In-play Betting Boom. Ever fancied placing a bet once the action has started, or wanted to change your mind on a bet? Well, now the option is available with in-play betting part of most online sportsbooks. Not every person is thinking five strides ahead, which is why in-play betting has become an ever-growing trend in the gambling industry . Let’s be honest, in our busy lives where everybody is rushing about, the in-play experience fits well into the way of modern life for most individuals. That is mainly thanks to the advances in technology, which allow the latest odds to appear within seconds of something happening in an event, and be able to place a bet at the click of a button. Not only does that attract the everyday punter, but it also opens up sports betting to a whole new growing audience.
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Legal Sports Betting Is Bigger than Ever -- But COVID Could Hurt Bets on the Big Game. Social distancing could take a toll on wagers this year. Overall wagers could be down 37% this Sunday compared to last year But online bets for Sunday could rise by 63% from 2020 DraftKings stock is up more than 300% over the past 12 months, thanks to the rise in online betting. Sports betting is more popular, and legal, than ever, and one of biggest draws for bettors every year is wagering on the Big Game. But, like everything else right now, COVID-19 is having an impact on football betting this year. In the video below, we'll take a closer look at why wagers on Sunday's game will likely be lower than usual, and how online sports betting -- fueled by companies like DraftKings (NASDAQ:DKNG) -- are scratching an itch for those wanting to place bets during socially distant times. Motley Fool Returns. Stock Advisor launched in February of 2002. Returns as of 02/07/2021. Stocks. DraftKings Inc. NASDAQ: DKNG. Related Articles. Why DraftKings Stock Rose 16% in January These 3 Tech Stocks Are Absurdly Overvalued Right Now Stock Market Wrap-Up: DraftKings Scores; Tesla Does the Texas Two-Step Here's Why I'd Avoid DraftKings Stock Like the Plague 3 Tech Stocks You Should've Bought a Month Ago. Prev 1 Next. Terms of Use Privacy Policy Accessibility Policy Copyright, Trademark and Patent Information Terms and Conditions Do Not Sell My Personal Information. Market data powered by FactSet and Web Financial Group.
Mvp sports betting. The Super Bowl LV matchup is set, and now football fans have two weeks to study these teams and players before making their bets for the big game. One of the most popular bets every year is Super Bowl MVP. Quarterbacks have dominated this award since its inception, but there's a lot of value to be had in wagering on a running back, wide receiver or defensive star. Chiefs open as slim betting favorites in Super Bowl LV vs. Tom Brady, Bucs. As you might expect, Kansas City Chiefs quarterback Patrick Mahomes and Tampa Bay Buccaneers quarterback Tom Brady are the favorites for MVP. Mahomes won Super Bowl LIV MVP last season, and Brady has earned this award in four of the six Super Bowl titles he's won. PointsBet is our Official Sports Betting Partner and we may receive compensation if you place a bet on PointsBet for the first time after clicking our links. Here are the latest betting lines for Super Bowl LV MVP -- odds provided by our partner, PointsBet Sportsbook. The chances of a quarterback not winning Super Bowl MVP are low, but it has happened a few times recently. New England Patriots wide receiver Julian Edelman won Super Bowl LIII MVP after Brady played mediocre against the Los Angeles Rams a few years ago. It was the second time a Patriots wideout had won Super Bowl MVP -- Deion Branch also did it in 2004. Patriots select QB in Round 1 of Mel Kiper Jr.'s first 2021 NFL Mock Draft. Since Brady entered the league in 2000, only eight non-quarterbacks have won Super Bowl MVP. Four of them were wide receivers. A running back hasn't won this award since Denver Broncos legend Terrell Davis ran for 157 yards and three touchdowns against the Green Bay Packers in Super Bowl XXXII. Given all the debate and hype surrounding the two quarterbacks in this matchup, it would be pretty surprising if neither of them won Super Bowl MVP.
MVP packages. MVP power play Weekend. MVP power play week. ABOUT. With over 30 years experience in key sports betting markets, we have the knowledge and relationships to find the MVP plays EVERY DAY. Surround yourself with the sharpest minds in the business, selected for their proven track records, and you can be a sports betting MVP too. Make that MVP money today. PRIVATE CONSULTING SERVICES. Need more than plays? Looking to join the next big American growth industry? As online sports betting is legalized across the USA, the time has never been better, or more opportune, to get into the sports betting business. We have experience in, and are able to advise on, all aspects of the legal sports betting business. Let’s connect.
College basketball picks, schedule: Predictions, odds for Duke vs. North Carolina and other key games. The action Saturday is super and loaded with quality games our experts have broken down to predict who wins. Saturday looks like it could be a big day for college basketball. And if it goes anything like this last few days have gone, we could see a wild day on the hardwood. We've already seen 10 ranked teams -- including five in the top-10 and eight in the top-16 -- take losses this week in the sport. So with 17 ranked teams in action Saturday, there's bound to be some high-profile teams stumble in similar fashion. On tap for the day include ranked matchups in the SEC, Big 12 and Big Ten with real conference title implications at stake as the regular season slowly grinds to a halt. Our staff has convened once again to lay out our picks for the day ahead, so keep scrolling to get against the spread and straight up advice to fade or follow as you wish. Jonathan Coachman is joined by Mike McClure to dish out the best bets in the NBA and College Basketball for Saturday on The Early Edge. Download and subscribe to The Early Edge on Apple Podcasts and Spotify.
Super Bowl Odds 2021: Vegas Betting Lines and Prop Bets for Chiefs vs. Bucs. The road to Super Bowl LV is almost complete. Either the Kansas City Chiefs or the Tampa Bay Buccaneers will be celebrating with the Lombardi Trophy when the 2020 NFL season comes to a close on Feb. 7. The Chiefs have been nearly unbeatable over the past year. After winning the Super Bowl last season, they followed up by going 14-2 in 2020, and one of those losses came in Week 17 of the regular season when they rested many of their starters. Since then, they've won playoff games against the Cleveland Browns and the Buffalo Bills. The Buccaneers had a rocky start to the 2020 season, as they fell to 7-5 after losing to the Chiefs in Week 12. They haven't lost since, though, ending the regular season with four straight wins and notching a trio of postseason victories on the road, against the Washington Football Team, New Orleans Saints and Green Bay Packers. Now, it's nearly time for the the two teams to go head-to-head. And for bettors, there's plenty to wager on for Super Bowl LV, with several prop bets to consider, along with traditional football bets. Here's everything you need to know for Super Bowl LV, followed by some of the latest betting information. Super Bowl LV Information. Date: Sunday, Feb. 7. Start Time: 6:30 p.m. ET. TV: CBS. Current Odds. Spread: Kansas City (-3) Over/Under: 56.5 points. Prop Bets. All odds via DraftKings Sportsbook. There are prop bets to make pertaining to the Super Bowl before the opening kickoff. So if you're looking for some pregame action, perhaps you'll want to bet on the coin toss prior to the game. It's an equal payout whether you bet on heads or tails (-103), as well as if you bet on the Chiefs or Bucs (-106) to win it. Same goes for betting on whether the player who calls the toss is correct or incorrect (-106). Several more traditional prop bets can be paid out early in the game. There are wagers to make on who will be the first player to score a touchdown, as well as individual bets on whether a player will get into the end zone at some point during the game. Both teams are led by a strong quarterback, and there are prop bets to make regarding Patrick Mahomes and Tom Brady. For Mahomes, who was the Super Bowl LIV MVP, the over/under line for his passing yards is at 325.5. Brady, a six-time Super Bowl champion, has a passing yards over/under line of 295.5. And for each signal-caller, you can make over/under bets for touchdown passes at either 1.5 or 2.5. If you can think of a potential prop for Super Bowl LV, then there's probably a bet out there for it. And with more than a week to go until the game, there's plenty of time for bettors to map out their choices and decide which bets are worth taking a gamble on this year. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL). Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), or call or text the TN REDLINE: 800-889-9789 (TN).
NFL Super Bowl odds 2021: Predictions, expert picks, teams to target from proven Vegas insider. R.J. White has crushed the Las Vegas SuperContest twice. The Dolphins have seen a revolving door under center in recent years trying to remain relevant in the AFC East, as Chad Henne, Ryan Tannehill, Jay Cutler, Josh Rosen and Ryan Fitzpatrick have all earned starts. The Dolphins feel like they finally have their franchise QB, though, as they drafted Tua Tagovailoa with the fifth overall pick in the 2020 NFL Draft. Tagovailoa will find the going tougher in the NFL than he did at Alabama, as Miami is getting just 100-1 in the 2021 Super Bowl odds from William Hill. Only Cincinnati, Washington and Jacksonville, each at 200-1, are fetching longer Super Bowl LV odds. Kansas City is 11-2 and atop the Super Bowl 55 odds, with Baltimore at 6-1 and San Francisco at 7-1. Which NFL futures should you target ahead of the season's Sept. 10 start? Before making any 2021 Super Bowl picks, be sure to check out the Super Bowl 55 predictions from SportsLine NFL handicapper R.J. White. Twice recently, White cashed big in the world's most prestigious handicapping tournament, the Westgate Las Vegas SuperContest. He tied for 18th out of 2,748 contestants in 2017 with a 52-29-4 mark against the spread. It wasn't a fluke, either, as he also cashed big-time in the 2015 SuperContest. White consistently crushes the NFL for SportsLine members. He has returned over $2,300 to $100 players on against-the-spread NFL picks over the last three years. Anyone who has followed him is way up. Now, with sportsbooks updating 2021 Super Bowl odds as the offseason rolls on, White has scoured the wagering menu, analyzed all 32 teams and released his top Super Bowl 55 picks. Head to SportsLine now to see them. Top 2021 Super Bowl picks. White is backing the Indianapolis Colts as a longshot at 25-1 Super Bowl LV odds. Jacoby Brissett, who was meant to be the long-term option under center for Indianapolis, was thrust into the starting role in 2019 after Andrew Luck's sudden retirement late in the preseason. Brissett performed admirably despite the unexpected change, throwing for 2,942 yards and 18 touchdowns against six interceptions and completing 60.8 percent of his attempts. But the Colts wanted more and acquired former Chargers veteran Philip Rivers. Given a full offseason as QB1 and with receiver T.Y. Hilton hopefully healthy, Rivers and the Colts' offense should improve from 2019. "Even though their franchise quarterback made the stunning decision to retire weeks before the 2019 season, the Colts shot out to a 5-2 start but ultimately petered out, finishing short of the playoffs due to injuries and several close losses," White told SportsLine. "But the bones of this team are strong, with excellent talent on the offensive line and defensive front seven. Now, coach Frank Reich has Philip Rivers to run his offense, while the team also added a marquee player on the other side of the ball in defensive tackle DeForest Buckner." How to make Super Bowl 55 picks. White is also eyeing an under-the-radar team that finished below .500 last year. This massive long shot has a talented roster, White says, and anyone who backs this underdog could hit it big. You can only see who it is at SportsLine.
Super Bowl 55 odds: Point spread, money line and the over/under for Chiefs vs. Buccaneers. SportsPulse: USA TODAY Sports' NFL experts join Mackenzie Salmon to discuss how this year's Super Bowl will look different considering the ongoing restrictions around Covid-19. USA TODAY. Looking to become the first NFL team to repeat as league champions since Tom Brady and the New England Patriots won Super Bowls 38 and 39, Patrick Mahomes and the Kansas City Chiefs will face off with Brady and his new team — the Tampa Bay Buccaneers on Sunday, Feb. 7. Sixteen years after repeating as a champion, Brady now looks to secure his seventh Super Bowl in 10 attempts -- but his first with a team not named the Patriots. As we count down to Super Sunday, here is the spread, over/under and money line for Super Bowl 55. (Information courtesy of BetMGM.) What is the spread for Super Bowl 55? Kansas City Chiefs -3.5 (-105) What is the over/under for Super Bowl 55? o/u 56.5 (O: -110 | U: -110) What is the money line for Super Bowl 55? Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.
Sections. Advertisement. Super Bowl Odds - Latest 2021 Super Bowl LV odds. Share this page. And then there were two! Super Bowl odds have been determined with the Kansas City Chiefs and Tampa Bay Buccaneers playing for this season’s Super Bowl championship Sunday, Feb. 7. Tom Brady vs. Patrick Mahomes in what should be an exciting game play for all of the marbles. The Kansas City Chiefs (-160) have been the Super Bowl LV favorite of BetMGM oddsmakers to go back-to-back since they won last year’s Super Bowl. Only a few times along the way have other teams flirted with similar or shorter odds and here the Chiefs sit one game away from repeating. Brady, who knows a thing or six about winning the Super Bowl, and his Buccaneers, will have something to say about it. We’ll be tracking all of the Super Bowl 55 odds and Super Bowl prop bets heading into the Big Game, where the league champion for the 2020 NFL season will be decided. Updated 2021 Super Bowl odds. Super Bowl LV money line. Super Bowl LV spread – ATS. Odds alert change! The spread has shifted .5 points, dropping to an even 3 entering Super Bowl weekend. Super Bowl LV total – Over/Under. 56.5 points , -110 Over, -110 Under. Be sure to check out our Super Bowl LV: Chiefs vs. Buccaneers picks and prediction, as we break down all of the key lines with suggestions on how to bet on the Big Game. Odds via BetMGM Sportsbook. Last updated 2/5/21. How to bet on Big Game. Special Betting Promotion! BET $1, WIN $100 (in free bets) if the team you bet on in the Big Game wins. Eligible states for online sports betting: Colorado Indiana Iowa Michigan New Jersey Pennsylvania Tennessee Virginia West Virginia. Place all of your legal, online sports bets at BetMGM! Terms and conditions apply. Bet on the Big Game now! Follow SportsbookWire on Twitter and like us on Facebook. Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.
How Do Odds Work in Betting? If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats. The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds. How Fractional Odds Work. Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a “slash (/)” or a “hyphen (-),” e.g. 6/1 or 6-1 and announced as “six-to-one.” Fractional odds are used by some of the world’s largest bookmakers, making them the most preferred odds across the globe. Therefore, the total (potential) return on a stake can be stated as: For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning. Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1. It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet. In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800. How Decimal Odds Work. Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers. The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier. The total (potential) return on a stake can be calculated as: For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker. Donald Trump: 4.00 Joe Biden: 1.3. These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300. Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned. Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win. How American (Moneyline) Odds Work. Let’s understand this with the help of an example: One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds. In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament. Key Takeaways. The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked. The Bottom Line. If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.
Sports Betting Odds. 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. 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. 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 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: Examples: Below is an example of NFL betting odds taken from an online betting site. 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. Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above. 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: Decimal Odds. Matchup Odds USA 2.40 Brazil 1.55. 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.
Betting Odds 101: How Odds Work. Odds are the foundation of any betting. Understanding odds is absolutely essential to becoming an expert bettor. Plus, getting a good handle on how odds work makes the whole thing that much more fun! Betting Odds Explained. Having never been explained betting odds can be intimidating. They come in different formats , and sometimes seem to work counter-intuitively. You can trust our team of experts. We have put together all the key information about how odds work and how to read their different formats. We know that finding the best sports betting sites is not enough. Without proper guides explaining betting odds, many bettors may face frustration or confusion. We want you to have the best time and be the most strategic bettor possible. Below you will find the major ways of representing odds explained. They are: American Decimal Fractional. We will also lay out some of the basics you should keep in mind when reading odds. Together, this is a complete guide to reading and understanding odds for sports betting. It’s the next step towards having the best time and most gains while betting on sports. Odds Formats Explained. We all have had to have the odds formats explained to us at some point. They can be a bit confusing at first, but you will get the hang of it quickly. There are three main ways of representing odds , and it is important to explain them well. They are equivalents, and can be directly translated. They are just different ways of representing the same value. And they all represent the chance that something will happen . Or rather, the chance the betting market thinks something will happen. In direct relation to the probability that something will happen, odds also tell you how much money you stand to gain and how much you could lose (exposure). This is why it is so important to have the odds formats explained. How American odds work? How Decimal odds work How Fractional odds work. How American Betting Odds Work. The American odds format are most common , of course, in the United States. It may be counterintuitive at first, but it is important to know that favorites are marked with a negative sign (-). The value next to the negative sign is the amount you need to wager to win $100. That’s just how these odds work. In other words, the lower the number, the more likely they are to win, and the less money you win. WInning a bet marked at -220, means that you would win an extra $100 if you placed $220. These numbers will always be lower than -100. How Decimal Betting Odds Work. Decimal odds are also known as continental, digital, or European odds. Decimal odds are very simple and are the easiest for calculating payout. In decimal odds, your stake is already calculated in your total payout. No need to add it back in to calculate your total payout. You calculate the payout using the following simple formula: Stake x Decimal Odds = Total Payout. Another way of thinking about these numbers is that they represent how much a winning ticket will be worth if you bet $1. In order to spot the underdog and favorite, just keep in mind that the lower the number, the more favored. Let’s look at an example. St. Louis Cardinals: 1.25. Chicago Cubs: 2.00. In this case, the St. Louis Cardinals are the favorites. Here, betting $1 on the Cardinals will get you $1.25. Assuming they win. And if the Cubs win, all who bet $1 on them, will get $2. This can be multiplied out, so the Cubs bettors would get $200 for betting $100. This means their profit would be $100. Because, remember, and decimal fractions, the stake is included in the payout. How Fractional Betting Odds Work? Fractional odds are also known as British, Ratio, or Traditional odds. You can spot them because they are represented with a hyphen (-) or a colon (:) between two numbers. The first part of the fraction, the denominator, represents how much profit you earn if you bet the the second part of the fraction, the nominator. Maybe an example will help you see how these odds work. If you bet on 4/1 (said “four-to-one”) odds, you will get $4 profit for every $1 you bet. You will also get your original stake back. Another way to calculate this is to multiply your stake by the first number, then divide it by the second number. This is more helpful for complicated numbers like 9/4. Always remember to add your stake back in. The lower the first number compared to the second number means they are more favored to win. Quick recap: three types of odds. You need to learn these by heart if you want to feel comfortable navigating the international sportsbook markets. Knowing these different formats could come in handy when you are researching or looking for value bets. American to Decimal to Fractional: Types of Bets. Understanding how odds work means that you can now apply them to the different types of bets. Let’s take a look at the main types of bets that you will see. Point Spread: In point spreads, you are betting on the difference between the winning and losing scores. A bookmaker will post a number, and you decide if it will be more or less than that. Moneyline: These are the simplest bets. You are simply choosing who you think will win the match. Over/Under: In over/unders, you are betting on the total number of points scored by all teams. The bookmaker will post a number, and you bet on whether or not the actual total will be over or under that number. Prop bets: Propositions (props) are bets that focus on everything that happens before the end of the game. This is where you can find the most fun and creative bets. Futures: Futures are also known as ante bets. They are on events well in advance. They have elevated risks and rewards, as there is more uncertainty. How Do Odds Work. Now that you have the basics of how odds work covered, we wanted to give you a few last bits of advice to really enjoy your new betting odds knowledge. If you do live betting , don’t forget that you can enjoy over/unders, Moneyline, Point Spreads, and props even with in-game betting. Find a bookmaker that updates their odds frequently, and includes in-game stats. Understanding odds means that you can understand the relationship between stats and odds. You are now well on your way to enjoying live betting, the most exciting way to bet! Home » Betting Odds 101: How Odds Work. Sports Betting Sites offers helpful advice, objective information, and expert insights. You’re here to have fun and relax! Leave the work to us.
BETTING ODDS EXPLAINED: WHAT THEY ARE AND HOW TO USE THEM. Odds are the numbers used by online bookmakers to show how likely something is to happen. They give you a quick indication of how much you could expect to win if your bet wins. This guide will introduce you to the world of odds, the different ways they can be used and what they mean to you and your matched betting journey. With so many numbers appearing in different formats, betting websites can be overwhelming for the beginner. But as long as you can get to grips with a few simple mathematical ideas, it’ll all become a lot easier. This guide will show you how betting odds work. What are betting odds? Odds are numbers that express how likely events are to happen. To illustrate this idea, here are the three possible outcomes of a football match for any team: 1. Win 2. Lose 3. Draw. All of these have different possibilities, probabilities, chances – or odds – of happening. How betting odds work. Betting odds are usually expressed either as fractions (e.g. ‘3/1’) or as decimals (e.g. 4.0). Fractions were traditionally used to bet on horse racing and were most popular in high street betting shops in the UK, before the advent of internet gambling. While the differences may seem confusing at first glance, they’re simply different ways of expressing the same thing. How to read betting odds. Once you understand betting odds and the differences between them, reading them becomes easy. How to understand fractional odds. If a bookmaker offers odds of 3/1 for an event to occur, you stand to win £3 for every £1 you bet. If you bet on an event at odds of 7/2, then you stand to win £7 for every £2 you wager (winnings plus your stake). You may also see odds expressed with the lowest number first e.g. 1/2 or 2/7. These are known as ‘odds-on selections’ and are normally used when the likelihood of something happening is higher than not. Of course, this also means that your winnings will be less than your stake. At 2/7 you win £2 for every £7 you bet. When the numbers on either side of the slash are the same (e.g. 1/1), we refer to them as ‘evens’. If you’d like a bit more guidance, we have a full guide on how fractional odds work in betting. In many ways, decimal odds are easier to understand. This is because all you have to do to calculate your potential winnings is multiply your stake by the odds. For example, if you make a £10 bet at odds of 4.5, you could potentially win £45 (including your stake). By contrast, fractional odds can become confusing. For example, which odds give the best return – 16/5 or 3/1? You can work it out, but a glance at their decimal equivalents (4.2 and 4.0 respectively) quickly tells you which odds are most favourable. This is why we recommend that all beginners start betting using decimal odds. You should bear in mind that decimal odds include your stake. So, if you bet £10 at odds of 2.5, you can expect to win £25 (£15 on top of your £10 stake). You should also know that 2.0 is the evens line, so numbers lower than this return a profit that is lower than your stake. Moneyline odds aren’t generally used in either the UK or Europe. But you might see them in American media and sites, especially those that cover boxing or mixed martial arts. If you the odds have a negative value, this tells you how much money you need to wager to win $100. So, if you want to bet on an event at odds of -175, you must bet $175 to win $100. Converting decimal odds to fractions (and vice versa) Using odds to find value. Now that you can convert odds into the perceived value, it means that you can work out whether you think the bookmakers’ implied probability of an event occurring differs from your own. For example, if you notice that Chelsea has scored a first half goal in 75% of their home games this season but the bookmaker has the market priced at 2.0 (50% implied probability) then you’ve just found some value. The problem with this method though, is that you need to be better than the bookmaker at calculating probability. This is a difficult task considering the huge teams of mathematicians that they employ. What is probability? In betting terms, probability is odds expressed as a percentage. To help you understand probability, think of a coin toss: in this case, there are only two outcomes (usually heads or tails), each with exactly the same chance of landing. You calculate the probability with the following equation: Probability = chances for / total chances. For every coin toss, heads has one out of two chances of landing. One divided by two is 0.5. Multiply by this by 100 to get the percentage, and you have 50%. In the case of a deck of cards, there are four aces among 52 cards. Therefore, the probability of drawing an ace is 4/52, or 7.69%. Because of the many factors involved, it is impossible to calculate exact probability in sports betting. All your bookmaker can do is set a probability based on the likely outcome (adjusted slightly for profit); this is known as ‘implied probability’. Implied probability is important because it helps you decide whether it is worth betting on a certain event. You can work it out by dividing one by the decimal odds. Let’s say the bookies give Stoke City odds of 2.5 (3/2) for winning a match against Huddersfield Town. Divide one by 2.5 to get the probability, which is 0.4 or 40%. If you put £10 down on Stoke to win, you stand to gain £25 including your £10 stake. You can then work out the ‘expected value’ of the bet using another equation: In the case of Stoke versus Huddersfield above, the equation works out like so:
How do betting odds work? Betting odds are used to assess the likelihood of an event happening. Less likely events tend to have higher odds and offer larger reward, while more likely events have a lower risk attached and therefore a lower reward. Your winnings depend on how much you wager on a given set of odds. Betting odds are seen in a range of formats – they are most commonly seen as fractions but are also sometimes presented as decimals. A quick introduction to betting odds. Decimal and fraction odds might seem confusing, especially if you’re not familiar with betting and all the betting terms and types . This handy guide is ideal for anyone new to betting, or if you’re struggling to read the odds. It contains a range of useful tips and tricks that will help you better understand just how betting odds work, so you can choose odds and place your bets with more confidence. Here, we will highlight: The key points of betting odds and what you should look out for. How to read betting odds and make them work in your favour. Tips and tricks to help you understand betting odds more easily. What are betting odds? Betting odds are used to present the likelihood of an outcome, as well as help you understand how much you could win from a bet. They are often written out as a fraction (e.g. 2/1) or a decimal (e.g. 3.0). Betting odds can be applied to anything that has a set outcome and are often seen in sport, entertainment, and politics. The odds measure the probability of a certain outcome, such as the result of a sports game or reality TV show, or whether a certain party gets the majority vote in an election. How do betting odds work? Betting odds are used to determine probability and calculate the winnings from a bet and are often seen in their decimal or fractional form. Odds are commonly recognised as being even, long, or short. Even odds. When something is just as likely to happen as not, it is given even odds. These are presented as 1/1 in fractional odds, or 2.0 in decimal odds. In this instance your winnings would be the same as your stake. For example: In the case of 1/1 odds, you win £1 for every £1 you bet. Therefore, if you bet £10 you’d win £10, and return £20 in total (your £10 stake plus your £10 winnings). Long odds. If something is statistically less likely to happen, it is given long odds. This means you have the potential to win more than you would on even odds, but the risk of losing is higher. For example: In the case of 10/1 long odds (or 11.0 in decimal form), you could win £10 for every £1 you bet, and therefore your winnings exceed your stake. A winning £10 bet at 10/1 odds would result in £100 winnings plus your £10 stake, therefore returning £110 in total. Short odds. If something has a higher probability of happening, it is given short odds. While short odds are more likely to happen, the winnings will be smaller, and therefore you’ll need to stake higher amounts for a bigger return. For example: In the case of 1/10 short odds (1.10 in decimal form), you could win £1 for every £10 you bet. Therefore, a winning £10 bet would result in £1 in winnings, amounting to a return of £11 (your £1 winnings plus your £10 stake). How to read betting odds. Betting odds are most commonly presented as a fraction or a decimal in the UK. Moneyline odds, which are common in the US, are also becoming more popular. Reading odds can be confusing if you’re not familiar with what the different sets of numbers reflect. Here, we explain how to read decimal, fraction, and moneyline odds. Understanding decimal odds. The simple rule of thumb with decimal betting odds is the bigger the number, the larger the return will be. For example, decimal odds of 3.75 will result in larger winnings than decimal odds of 1.75. To work out your winnings from decimal odds, simply multiply the odds by your stake. The resulting number reflects both your winnings and your stake. For example: If you bet £10 on odds of 3.75, you would return £37.50 – this means you’ll have won £27.50 (£37.50 – your £10 stake). Understanding fractional odds. Fractional odds are a more traditional way of displaying odds in the UK. Appearing in fraction form (e.g. 2/1), you must first work out your winnings and then add on your stake in order to determine your total return. The best way to calculate your returns from fractional odds is to follow a formula: This might look complicated, but we promise it will make sense when you plug your numbers in. For example: If you bet £10 on a 5/2 bet, your calculation would look like: For longer odds with a larger return, look out for odds where the first half of the fraction is larger than the second half. For example: Odds of 5/1 will return greater winnings than odds of 1/5. If you were to stake £10 on odds of 5/1, then your return would be £60. However, if you were to stake £10 on odds of 1/5, your return would only be £12. Understanding moneyline odds. The moneyline shows you how much you have to bet in order to win £100. If you are presented odds of -200 (because this event is more likely) you will have to stake £200 to return £300 (your £200 stake plus £100 winnings). In order to calculate the potential payout from a moneyline bet, simply follow this formula. Converting decimal odds to fractions. Converting decimal betting odds to fractions takes a bit of basic maths knowledge. First, take your decimal odds and subtract 1 from the number. For example: If you have decimal odds of 3.75, subtract 1 and you are left with 2.75. These are odds of 2.75/1. Odds need to be made up of whole numbers, so we need to take 2.75 and turn it into a whole number. The easiest way in this instance is to multiply 2.75 by 100 and move the decimal along two places. This gives us 275/100. From there, we can work our way to finding the smallest equivalent fraction. In this case, we can divide our fraction by 25, leaving us with fractional odds of 11/4 – previously 3.75 when presented as a decimal. Now that you understand betting odds and how they work, you can begin to use them to your advantage. Browse all the latest sports betting odds or sign up to Grosvenor Casinos today to get started. How to calculate betting odds return. Using our bet calculator , you can now work out how much a potential bet could return. The calculator gives you the option to select the bet type, the win odds, your stake, and whether the bet placed will be each way or not. As well as finding out how much your bet will potentially return, the calculator also gives you the total profit.
Best 5 Sports Betting Sites Online 2020 | Top Sportsbooks. Sports betting on the Internet can be a thrilling experience for anyone. If you want your sports betting experience to go off without a hitch, however, you need to find the right website. Thankfully, the Internet is home to quite a few appropriate sites that can provide users with top-notch experiences. Be sure to check them out as soon as you get the chance. #1 Bovada. If you’re keen on sports betting online, then there aren’t many website options that can even compete with Bovada. People who have penchants for gambling on the Internet often can’t turn away from this option. It presents users with an abundance of diverse choices as well. Some examples of these are baseball, basketball, and golf. It doesn’t matter what your specific sport preferences are. Bovada can help you attain an online betting experience that’s one for the record books, period. When you’re on the lookout for the best sports betting sites, then Bovada without a doubt should be on your radar. Fans of sports betting online frequently gravitate to Bovada and to all of its choices. Registration with Bovada can be a delight as well. That’s due to the fact that newbies can receive thrilling perks as incentives. If you like the concept of betting on hockey, basketball and the like, then you won’t be able to resist paying a visit to Bovada. Tennis bets have never been quite so pleasant online.
Virginia sports betting: BetMGM sportsbook to launch Wednesday. BetMGM Sportsbook will launch online sports betting in Virginia this Wednesday, Jan. 27, sources tell The Action Network. Virginia surprisingly launched online sports betting this past Thursday, with FanDuel Sportsbook opening for business right away. Competitor DraftKings Sportsbook joined the party Sunday, and several more books will continue to follow suit over coming weeks. Not much had been previously known about the launch of betting in Virginia, only that the state was hoping to go live before Super Bowl 55 in February. It launched sooner than expected, and now sportsbooks are scrambling to be live in time for the biggest sporting event of the year. BetMGM just launched in Michigan Friday, which was its eighth state with fully online betting. They are currently live now in Colorado, Indiana, Iowa, Michigan, New Jersey, Pennsylvania, Tennessee and West Virginia; they also have a presence in Nevada, although the state requires in-person registration. The sports betting landscape is growing at a rapid pace, with many more states — including Arizona, Massachusetts, Ohio and others — hoping to come online within the next year.
Best Super Bowl Sports Betting Bonuses. The biggest day in US sports betting has arrived. The Super Bowl one of the most popular sports betting events worldwide. Before you rush to the nearest sportsbook to place your own wagers, take a look at our round-up of the very best Super Bowl betting bonuses. Top Super Bowl Bonuses at Legal Sports Betting Apps 2021. FanDuel Sportsbook. Available in: PA, NJ, IL, IN, IA, CO, VA, TN, MI, WV. FanDuel, one of the country’s top sportsbooks is offering one of the best bonuses for new users looking for action on the Super Bowl. If you were on the fence about joining FanDuel and are located in one of the permitted states, take full advantage of this bonus. Get 55/1 Odds When You Place Your First Bet On The Big Game. Terms and Conditions. Maximum bet of $5 Available in-app only. Bettors must make at least $10 in separate wagers to qualify for this offer. BetMGM. Available in: CO, IN, IA, MI, NV, NJ, PA, TN, WV, VA. BetMGM claims to be the “king” of sportsbooks. With the $600 risk-free bet promo they are offering to new users, they might convince you. While this is not directly associated with the Super Bowl, it provides new users to bet on the game risk-free. Risk-Free First Bet Up To $600. It’s important to note that using this bonus doesn’t give you $600 instantly but instead releases your bonus in increments. There is no bonus code but there are required steps. Sign up as a new user and deposit. Place your first wager. If the bet does lose, your free bets will be available once the wager is settled! Terms and Conditions. Once you claim this bonus, no other “New User” bonus can be claimed. Initial deposit must be minimum $10. No Cash-outs. William Hill. Available in: NJ, WV, CO, IL, IN, MI, VA. This UK based sportsbook is one of the oldest and most popular sportsbooks in the US. Though lacking a lot of variety, they do offer a decent bonus for new users looking to bet on the Super Bowl. Risk-Free Bet Up To $2,021. This Bonus is very similar to BetMGM’s risk-free bet, but it differs in a few ways. The main difference is that it requires you to use code ”TODAYRF’ to participate when signing up. Terms and Conditions. Must be used within 7 days of claiming. Only your first sports wager after registration qualifies for this promotion. The participant will earn a one-time Free Bet token equal to the lesser of: 1) The full value of the Qualifying Wager or 2) $2,021. Risk-Free bet of $2,021 is available in VA, MI, IN, and CO. In NJ, WV, IL it’s up to $500. BetRivers. Available in: NJ (as SugarHouse Sportsbook), PA, IL, IN, CO, IA, MI. Though only available in minimal states, this sportsbook has one of the best bonuses available. $55 In Free Bets. In celebration of the 55th Super Bowl, betRivers is offering bettors a chance at $55 in free bets. Place $55 worth of wagers in real money on the big game and receive $55 in free bets. Terms and Conditions. Free bets will be added to your account in $11 increments on 2/8, 2/15, 2/22, and 3/1. Free bets expire 30 days after they are issued. $55 real money bet must be placed at odds of -200 or longer. Big Game Deposit Match. This promotion provides new users an amazing opportunity to bet on the Super Bowl and receive a huge perk. With a minimum deposit of $100 and using the code BIGGAME500, you can receive an additional $500 in bonus money. The best part is BetRivers only requires a 1X rollover. Terms and Conditions. Wagers must be -200 or greater. House specials don’t qualify. Cash-out voids promo. Additional $400 in 1X Bonus Money will be awarded in $100 increments on 2/8, 2/15, 2/22 and 3/1. PointsBet. Available in: CO, IL, IN, IA, MI, NJ. PointsBet is offering two great bonuses in time for the Super Bowl. GOAT Insurance. As the battle between Brady and Mahomes approaches, PointsBet is giving bettors some peace of mind with GOAT insurance. When you bet up to $50 on either team, you’ll receive your money back if your team loses by 43 points or fewer. The stats say this is a bet worth making: Mahomes’ biggest loss in the NFL is by 8 points and Brady’s biggest margin of loss through his college and NFL career is 35 points. Terms and Conditions. Only your first pregame moneyline bet on the Super Bowl is eligible for the bonus. Max bet $50 (refund is up to $50 in free bets). One per customer. Up To $2000 In Risk-Free Bets. If you’re a new PointsBet user, you can get up to $2000 in risk-free bets. Sign up with code BIGBONUS and you’ll receive one risk-free fixed odds bet up to $500 and one risk-free PointsBetting bet up to $1500. Terms and Conditions. New users only. Must use code BIGBONUS. If your risk-free bet loses, you’ll be refunded in free bets. DraftKings Sportsbook. Available in: CO, IA, IL, IN, MI, NJ, PA, TN, VA, WV. DraftKings has risen to the top of the rankings when it comes to sportsbooks. DraftKings been offering amazing bonuses from day one, and for the Super Bowl the operator continued this trend by offering some unbeatable bonuses. Let’s take a look. Early Bird Big Game Profit Boost. Terms and Conditions. You must select the boost from your bet slip before placing your bet. 55% Profit Boost will apply to the winnings (winnings exclude your original bet). Max $50 bet – Max $250 additional winnings. You must Opt-In by 11:59 PM ET on 1/28 to receive the Profit Boost. Includes Live Bets. Excludes Same Game Parlays – excludes free bets, cash-out bets, voided bets, and odds boosts. Deposit Bonus up to $1000. There’s no better time to start placing wagers than during the Super Bowl. This bonus is strictly for new users. While it’s not specifically centered on the Super Bowl, it’s still a great opportunity to boost your bankroll if you’re a first-time bettor. This bonus will provide you with a 20% deposit bonus up to $1000. Terms and Conditions. Every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds, Sportsbook requires -300 odds or longer. The playthrough requirement must be met 90 days from the date of first deposit to receive maximum bonus. Customers who previously made a deposit on DraftKings are ineligible for this promotion. Limit one.
Risk-Free Bet Offers. More Next Steps. Risk-free bet offers are a great source of matched betting profit. They’re a popular type of offer and pretty straightforward to do. The great thing about them is that with the right strategy, you can actually lock in a profit, regardless of the outcome. In this guide, I’ll explain what risk-free bets are and show you how they should be done to make some nice guaranteed profits! What is a risk-free bet? A risk-free bet is a bet that you can place, safe in the knowledge that if it loses, you’ll get all or part of your stake back. The refund can be paid in cash or in the form of a free bet or bonus. It’s a popular type of sign up offer as the bookmaker knows it will appeal to new customers. If their first bet loses, they get to have another go. Bookmakers don’t mind offering risk-free bets as they know there’s every chance a regular punter will lose both bets. You, on the other hand, can be ready to take advantage! How do risk-free bets work? When you place a risk-free bet and it loses, the bookmaker will credit you a refund. If the refund is paid in cash, there’s nothing more to do. If, however, your refund is in the form of a free bet or bonus, you’ll need to convert it into cash by placing and laying the free bet or completing the wagering requirements of the bonus. Either way, you’ll end up with some cash back in your pocket and that’s what enables you to make guaranteed profits from this type of offer. The strategy is similar to that of a ‘Bet X, Get X’ type offer, you just need to tweak things a little. Instead of placing a straightforward back and lay, you need to overlay slightly. Don’t worry, all will become clear in the following example. How to profit from risk-free bets. I’m going to walk you through a risk-free bet offer run by Coral on horse racing. This was a reload offer targeted towards existing customers. As always, it’s important that you read the terms and conditions of any offer thoroughly before getting involved. Here are the main points to note for this Coral offer… Applies to first real money bet on horse racing within the promotional period. Minimum qualifying stake of £1.00. Maximum free bet of £10.00. Free bet will be valid for 7 days. Step 1: Check the odds at Coral. Any horse race will do for this offer, but I always like to try and stick to high profile events where possible. So, stick to the big meetings and races, like those broadcast live on ITV, for example. Here are the odds at Coral for a race that was eligible for their risk-free bet offer… Step 2: Check the lay odds at the exchanges. It’s entirely up to you which betting exchange you use to lay your bet. Your decision will depend on the commission rate you pay at each exchange and the lay odds available. Here are the lay odds at Betfair for the same race… Step 3: Make your selection. With risk-free bets, the higher the odds, the more profit you’ll be able to lock in. Provided you keep your back and lay odds nice and close of course. Higher odds obviously means a larger liability at the exchange though, so go for whatever suits you and your bankroll. There’s nothing wrong with opting for lower odds and a lower profit, if need be. Looking at the odds above, Mildenberger is the standout choice at back odds of 6.50 and lay odds of 6.60 . Step 4: Place your risk-free bet. If your bet loses, Coral will refund your stake as a free bet, up to a maximum of £10.00. It therefore makes sense to stake £10.00 in order to maximise your profit. So, you would stake £10.00 on Mildenberger at Coral. Place £10.00 on Mildenberger @ 6.50 = Potential profit of £55.00. Step 5: Place your lay bet at the exchange. You can calculate your lay stake using my Matched Betting Calculator. You’ll see that there is an extra ‘ Cashback ‘ field when using the ‘ Risk-Free Bet ‘ setting. This is where you enter how much cash you expect to get back, should your qualifying bet lose. This allows the calculator to factor in your refund and provide you with the correct overlay stake. The amount you enter will differ per offer, depending on how the refund is paid and the terms of any free bets or bonuses. Using straightforward matched betting, you can convert free bets into 80% cash. You would therefore enter £8.00 as your ‘Cashback’ figure for this offer as that’s the amount you should be able to convert your £10.00 free bet into. As you can see, the calculator tells you that you should lay £8.70 against Mildenberger . Lay £8.70 against Mildenberger @ 6.60 = Potential liability of £48.72. Let’s take a look at your overall profit/loss for each possible outcome… Outcome Coral Betfair Free Bet Profit/Loss Mildenberger wins +£55.00 -£48.72 £6.28 profit Mildenberger doesn’t win -£10.00 +£8.26 +£8.00 £6.26 profit. As you can see, if Mildenberger wins, you’ll make a straight profit of £6.28 , with no further action required. If Mildenberger fails to win, you’ll make a small initial loss of £1.74. Don’t worry though, you’ll be able to make £8.00 cash from your incoming £10.00 free bet, which gives you an overall profit of £6.26. So, you’ve managed to convert your £10.00 risk-free bet into 62.6% cash. With straightforward risk-free bets like this one, I always like to aim for anything above 60%. Where can I find risk-free bet offers? You’ll find plenty of risk-free bet sign up offers on my New Customer Offers page. Just hit the ‘ RISK FREE ‘ toggle at the top of the page. I also post any profitable reload offers on the main blog page. Most risk-free bet offers are straightforward, like the example above. It’s always worth keeping an eye out for variations though as the above strategy can be applied to any offer where you’re getting something back if your bet loses. Final words. Risk-free bets are an absolute must for any matched bettor. Your risk-free bets will lose more often than not, which means you’ll have that extra step of converting your free bet or bonus into cash. It’s a bit more leg work than some other offers but they’re simple enough and very profitable. With plenty of sign up offers available and reload offers popping up all the time, get stuck in and start locking in those profits! Get regular offer updates , tip and tricks , big offer alerts and more straight to your inbox.
How to Get Risk-Free Bets at Online Sportsbooks. Online sportsbooks offer bonuses as a way to draw in new bettors and retain existing customers. They provide a variety of deals to accomplish this goal. Risk-free bets are definitely among the most popular offers. In fact, many betting sites provide risk-free wagers as welcome bonuses. Assuming you’re new to the online betting world, you might be wondering what a “risk-free bet” entails. The following guide discusses how these wagers work along with what you can do to take advantage of them. What Is a Risk-Free Bet? A risk-free bet theoretically allows you to place a wager without assuming any risk, hence the name. You make the bet and wait to see if you win or lose. Nevertheless, the fact that you have an opportunity to recover losses makes risk-free wagers special. After all, you don’t stand any chance to get your money back when losing a regular bet. Where Can You Find Free Bets? Numerous betting sides offer risk-free wagers. They typically provide these deals in the form of welcome bonuses. Here’s an example on how these bets work when they’re part of welcome packages: An online sportsbook offers a risk-free wager worth up to $50. You place a deposit. You’re now qualified to get up to $50 in losses back from the offer. Again, countless online sportsbooks feature risk-free bets. You shouldn’t have any trouble finding a bookmaker that offers one of these deals. You can either visit betting sites directly to see if they offer risk-free wagers or check out an affiliate site. Affiliates are particularly helpful because they list a number of risk-free bets in one spot. Steps to Getting and Using Risk-Free Wagers. The top online sportsbooks do their best to make the process of getting risk-free bets a smooth one. Nevertheless, you may want some help in figuring out how to pick up these wagers. The following steps explain how are you can take advantage of risk-free offers. Step 1: Find an Online Sportsbook With a Risk-Free Bet. You essentially have two options for finding risk-free bets: Visit internet sportsbooks directly. Visit an affiliate that lists various risk-free deals. In the first scenario, you simply need to visit a betting site. Assuming the online sportsbook offers a risk-free bet, then you should immediately see it on the front page. As for affiliate sites, they promote a variety of online sportsbooks and list associated risk-free bets. In this scenario, you can just visit the betting site that you’re interested in through the provided link. Step 2: Find a Bonus Code (If Needed) Some online sportsbooks require you to use a bonus code to qualify for a risk-free bet. Bonus codes indicate which offer you’re interested in. Here’s an example: An online sportsbook offers a risk-free wager worth up to $25. The code for this bonus is “BET25.” You decide to go for this deal. The bookmaker requires you to enter code BET25 when completing registration. Not every betting site forces you to input a bonus code. For those that do, though, you want to be sure and enter the appropriate code when signing up. Step 3: Complete Registration. The registration process involves entering all required information and verifying that everything you’ve offered is correct. After completing the registration form, you must agree to the bookmaker’s terms and conditions and submit the form. The online sportsbook (should) instantly approve your account. Step 4: Place a Deposit (Without Neteller or Skrill) You must place a deposit before qualifying for a risk-free wager. To do this, you visit the sportsbook’s banking section and look for available deposit methods. Most betting sites accept several of the following options: American Express Bank transfer (ACH) Bitcoin Discover Card Ethereum Mastercard Neteller PayPal Skrill Paysafecard Visa Western Union. Once you choose a banking method, you just need to enter the deposit amount and confirm the transaction. If you use a credit card, then your funds will arrive instantly so long as everything is approved. Step 5: Place Your First Wager. After depositing, you can place your first bet and take advantage of the promotion. In some cases, you may need to “claim” the wager from your account before using it. One of two scenarios will happen when you place a bet: You’ll win and collect your payout. You’ll lose and have an opportunity to earn back your losses. The risk-free aspect refers to how you can regain losses. Of course, you’ll need to follow terms and conditions when doing so. Satisfy Terms and Conditions. Again, you needn’t do anything if you win the risk-free bet. You merely collect your profits and move on. If you lose, however, you’ll need to meet terms and conditions before receiving the funds back. Here are the primary terms and conditions that you must satisfy. Rollover. Rollover (playthrough) refers to the amount that you must wager before receiving losses back from a risk-free bet. It’s expressed as a multiple of the bonus. Here’s an example on how rollover works: You deposit and qualify for a risk-free bet worth up to $50. You place a wager worth $25 and lose. You’re now eligible to earn the $25 back. Playthrough is 8x. 25 x 8 = $200 must be wagered. Of course, you need to satisfy other terms before getting the $25 back. But rollover is perhaps the biggest part of regaining your winnings. Rollover Time Frame. Online sportsbooks only give you a certain period of time to meet playthrough. Many online bookmakers provide between 30 and 60 days to satisfy rollover. The key, though, is that you’re aware of the exact time frame. Otherwise, you might take too long to satisfy playthrough and miss out on the bonus funds. Minimum Odds. Bookmakers require you to bet at specific odds or higher when completing wagering requirements. The reason they do so is to ensure that you don’t just choose heavy favorites when meeting playthrough. Here’s an example on how minimum odds work: A bookmaker requires you to bet at -160 odds or higher. Under these guidelines, you can place bets at -160, -155, -150, etc. However, you’ll lose the chance to regain losses if you wager at -165, -170, etc. Minimum Bet. It may go without saying, but you at least need to place the minimum wager when using a risk-free bet. If the bookmaker requires you to at least make a $10 wager, then you can’t bet any less than this amount when using a promotion. Of course, you stand to benefit more by wagering up to the cap of a risk-free offer. Market Restrictions. Some bets are only available for specific markets. For instance, an online sportsbook may offer a risk-free wager for esports only. The primary motivation behind market restrictions involves getting you to try something different. By forcing you to bet on esports, the bookmaker is funneling you to a new market. Conclusion. The process of getting risk-free bets isn’t overly difficult. You start by finding a bookmaker that offers a risk-free wager. From here, you sign up for an account and place a deposit. Depending upon the bookmaker, you may need to use a bonus code, too. In the event of a win, you’ll collect winnings and boost your bankroll. A “loss,” meanwhile, isn’t actually a loss because you can still earn the money back. In summary, risk-free wagers are definitely worth taking advantage of. They give you the confidence of placing a bet while knowing that you can regain the potential losses later. Rex Hoffman is a passionate sports writer, with over five years of experience covering sports journalism in line with the Vegas betting landscape. His favorite subjects include football, basketball, and baseball. As a Las Vegas resident, he enjoys finding an edge against the local sportsbooks and aims to share his extensive knowledge with both beginners and experienced bettors. Rex also dabbles in horse racing wagering and enjoys typical casino fare like blackjack and poker in his spare time. Recent Posts. US Politics Super Bowl LV Halftime Show Prop Bets Super Bowl 55 Alternate Point Spread Breakdown How the COVID-19 Has Affected Super Bowl LV Super Bowl LV Odds Offered Exclusively by Bovada Will the New Regime Make the Detroit Lions a Solid 2021 NFL Futures Bet? Get Exclusive Access to Winning Sports Betting Picks for Free.
Whole Earth Brands, Inc. (FREE) Previous Close 12.96 Open 13.06 Bid 12.91 x 800 Ask 13.65 x 800 Day's Range 12.84 - 13.23 52 Week Range 6.92 - 13.23 Volume 575,285 Avg. Volume 461,140. Market Cap 502.621M Beta (5Y Monthly) N/A PE Ratio (TTM) N/A EPS (TTM) N/A Earnings Date Nov 16, 2020 Forward Dividend & Yield N/A (N/A) Ex-Dividend Date N/A 1y Target Est 20.00. Whole Earth Brands (FREE) is ‘Very Cheap’ Says Maran Capital. Maran Capital Management LLC, a value-driven, concentrated, long-term investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 14.8% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.15% return, but below its Russell 2000 […] Is Whole Earth Brands (FREE) Stock a Buy For 2021? Laughing Water Capital recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 28.2% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 12.2% in the same quarter. You should check out Laughing Water Capital’s top 5 stock […] Whole Earth Brands (FREE), Given its Reliability is not Too Expensive According to Forager Funds. Forager Funds Management, a boutique fund manager firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 38.26% was recorded by the fund for the calendar year of 2020, above its MSCI AC World Net benchmark that returned 5.90%. You can view the fund’s top 10 […] Whole Earth Brands, Inc. to Present at the 23rd Annual ICR Virtual Conference. Whole Earth Brands, Inc. Enters Into Definitive Agreement to Acquire Wholesome Sweeteners, North America’s #1 Organic Sweetener Brand. Whole Earth Brands, Inc. enters into definitive agreement to acquire Wholesome Sweeteners, North America’s 1 organic sweetener brand. Whole Earth Brands (FREE) Tests Resistance. Whole Earth Brands (FREE) shares soared in Tuesday's pre-market after Cantor Fitzgerald initiated at Overweight with a $23 price target.
Americans Will Bet $4.3B On The Super Bowl, But Vegas Casino Stocks May Miss Out. This Super Bowl has always been a huge event for sports betting. But thanks to today's market climate, betting on this year’s big game may be benefitting a brand new set of stock market winners. Super Bowl Numbers: Las Vegas gaming revenue remains extremely depressed due to the ongoing pandemic. At the same time, sports betting and online sports betting are spreading like wildfire across the U.S. On Friday, Bank of America analyst Shaun Kelley said this Sunday’s game between the three-point favorites the Kansas City Chiefs and the underdog Tampa Bay Buccaneers might not provide the typical shot in the arm for Las Vegas casino operators that it has in the past. “Historically, Super Bowl weekend has been a big event for Las Vegas, but given the growth of sports betting across the country and the current travel environment, we expect that this year the Super Bowl could be a more meaningful event for online sportsbooks (OSB) operators than Strip casinos,” the analyst said. The Sports Betting Climate: Sports betting operations are now up and running in 21 U.S. states, and 15 of those states now offer online sports betting. The American Gaming Association projects gamblers will bet $4.3 billion on this year’s Super Bowl. The AGA estimates about a third of those bets will be placed online this year, up 63% from a year ago. How To Play It: Leading online gaming platforms will likely use the Super Bowl as a major customer acquisition event, Kelley said. Flutter Entmt ADR (OTC: PDYPY) subsidiary FanDuel, Draftkings Inc (NASDAQ: DKNG), Penn National Gaming, Inc (NYSE: PENN) and MGM Resorts International (NYSE: MGM) are among the early market leaders in online sports gambling in the U.S., the analyst said. Here’s a look at how Bank of America rates top casino stocks heading into Super Bowl Weekend: Penn National: Buy rating, $131 price target. DraftKings: Neutral rating, $60 price target. MGM: Underperform rating, $25 price target. Las Vegas Sands Corp. (NYSE: LVS), Buy rating, $57 price target. Wynn Resorts, Limited (NASDAQ: WYNN), Buy rating, $122 price target. Caesars Entertainment Inc (NASDAQ: CZR), Neutral rating, $75 price target. Benzinga’s Take: MGM is set to benefit from its BetMGM online sports betting app, but it also has significant exposure to the Las Vegas strip.
Big game, big worries? Gambling addiction grows with Illinois’ booming sports betting industry — ‘It’s in your face all the time’ The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing. Share this story. Share this on Facebook Share this on Twitter. Share All sharing options for: Big game, big worries? Gambling addiction grows with Illinois’ booming sports betting industry — ‘It’s in your face all the time’ A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times. Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining. But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they’ll have to start budgeting for a new habit. Maybe they’ll have to start borrowing for it. And, for a select few, it will get worse. It’s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that’s already packed with more places to gamble than Las Vegas. The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing. “It used to be that there was a stigma, and gambling was taboo. It was seedy,” said Luke, who asked that his full name not be used. “Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.” A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times. Calls to the state’s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a “dramatic increase.” In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn’t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment. Counseling gets boost with Illinois gambling expansion — but more addiction is sure to follow. State’s all-in gambling expansion offers new temptation for those struggling to stay out. Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000. Many of those gamblers cite their temptations as coming from the state’s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines. But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home — and they’ve already lost more than $101 million doing so, according to Gaming Board revenue figures. Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then — and lost $101 million. Ashlee Rezin Garcia/Sun-Times. As the billion-dollar industry keeps growing, addiction counselors say they’re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards. “It’s in your face all the time,” said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. “It’s becoming a part of everyday life. Everyone accepts it, but it’s a serious trigger for some.” That’s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines. “It’ll just be too much, it’s too close,” Anthony said. “Even though I don’t think it’ll lead me down there, I know better than to let my mind start thinking like that.” Anthony reads his favorite passages from ‘A Day at a Time’ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times. Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she’s seen yearly increases of people seeking help for gambling disorders across Chicago’s north suburbs, but a “real burst” of clients has sought them out in the past nine months. “The ages we’re seeing are trending younger, and I think that’s directly related to sports betting,” Thielen said. “At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.” Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file. While there’s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone. “Sometimes, we forget how quickly it can happen,” Pindiur said. “These things are advertised in a way that they’re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.” Illinois sports betting market could rival Nevada’s, analysts say. Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois. COVID-19 puts new Illinois casino licenses on hold. Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide. “I was losing everything,” said Patrick, a 35-year-old Niles man who’s 13 months removed from his last bet. “I’d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.” As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction — and they say they’re making progress through increased awareness. That’s been boosted with the help of $7 million set aside in the state’s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising. The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file. “One of the biggest barriers to treatment is stigma, especially for gambling,” said Garate, from the Gateway Foundation. “People don’t see it as a real addiction. It is, and help is out there.” Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago. TO GET HELP. For more information on problem gambling support, call 1-800-GAMBLER or text “ILGAMB” to 53342. But there’s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal. “You have to believe those numbers are different now,” Thielen said. The state Department of Human Services is out to find out just how much they’ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity. “We want to know what’s the challenge, and what should we look for,” said David Jones, who directs the department’s Substance Use Prevention and Recovery Division. “Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.”
Michigan launches online sports betting, casino games Friday. LANSING, Mich. (AP) — Online sports betting and casino games will start in Michigan at noon Friday, an expansion of options for gamblers who now wager through offshore sites. State regulators have authorized licenses for all three Detroit casinos and seven of the dozen tribes with “Class III” casinos. Additional operator and platform provider licenses are expected to be approved in coming weeks. Michigan Gaming Control Board Executive Director Richard Kalm this week called the launch a “new era,” saying it will give casinos an additional way to engage with customers and provide state and local governments with extra tax revenue. Large players in the U.S. mobile gambling market such as DraftKings, FanDuel and BetMGM are launching apps and enticing people age 21 and older with deals to sign up. Big sporting events this weekend including the AFC and NFC championship games and a UFC bout featuring start Conor McGregor. Sports and internet gambling were legalized under a law enacted more than a year ago, before the coronavirus pandemic struck. Casinos began accepting in-person sports wagers in March but had to wait for the creation of a licensing system for online operations, which have taken on increased significance amid state-ordered shutdowns or capacity restrictions at casinos to curb COVID-19. “It’s clear to us that there’s incredible demand among Michiganders for at least sports betting. But my expectation is that online casino and in due course poker will be equally popular,” said BetMGM CEO Adam Greenblatt. His company’s app — previously launched in 10 states — is connected to MGM Resorts, including the Detroit casino and hotel. Greenblatt said the state’s 8.4% online sports betting tax is “very sensible,” allowing licensed operators to compete with offshore sites. “You’ve got a group of players who have long been betting offshore. We would like to see them bring their play back on shore,” he said. He said there will be minimal if any “cannibalization” of business from players who typically visit casinos but instead will play on the internet. “We see an expansion of the market — so new players coming in to enjoy our product,” Greenblatt said, adding that MGM, like other casinos, will incentivize online gamblers to redeem rewards points by visiting onsite. Casinos offering online games like blackjack will pay a tax of between 20% and 28%, depending on their amount of adjusted gross receipts. Net new annual revenues to the state and Detroit, which has commercial casinos, are projected to total $18.6 million and $13.7 million respectively, according to the Michigan Department of Treasury. The money will go to the state’s school aid fund, which covers public schools. It also will be earmarked to a state fund that compensates first responders for lost wages and medical benefits if they get cancer from fighting fires. Municipalities with tribal casinos will receive a portion of tax revenues, too. Noting of flurry of internet gambling and sports betting ads in recent weeks, state Attorney General Dana Nessel urged potential online gamblers to read the fine print before signing up. “In some instances, site users may be required to spend or deposit a certain amount of money into an account before receiving their free play credits, and users should make themselves aware of such conditions so they are not taken off guard,” she said.
Virginia Lottery Board approves initial casino gaming regulations, sports betting moves forward. Posted: Feb 3, 2021 / 08:09 PM EST / Updated: Feb 3, 2021 / 08:09 PM EST. RICHMOND, Va. (WAVY) — The Virginia Lottery Board announced the formal approval of initial regulations on casino gaming in the Commonwealth as well as providing an update on the recent launch of mobile sports betting. The Virginia Lottery and its Board were assigned the casinos, licensing, and regulation of mobile sports in the 2020 General Assembly session. As for casinos, the approved emergency regulations apply to proposed land-based casinos in Bristol, Danville, Norfolk, and Portsmouth — which were endorsed by voters in those localities in the November 2020 elections. A fifth casino in Richmond has also been proposed and is pending a public referendum in November 2021. The 2020 casino legislation required adoption of an initial regulatory framework by April 2021. The next steps include the Lottery refining regulations including an opportunity for public and stakeholder participation . Additionally, as part of the pre-certification process prior to the referendum, the Lottery conducted a preliminary assessment of the financial viability of each city’s preferred casino partner and the partner’s experience in operating casinos in a regulated environment. The Lottery says that as applications for casino operating licenses are submitted, it will conduct a comprehensive review of casino operators — including criminal history and financial reviews of designated gaming operators. Regulatory requirements also will specify internal controls, on-site security, and surveillance requirements. “The Lottery’s role as regulator is based on its three-decade track record as a respected and trusted gaming authority in the Commonwealth,” said Kevin Hall, executive director of the Virginia Lottery. “The Lottery’s professional staff and our Board will work to protect the public interest by ensuring the integrity of casino gaming through the strict enforcement of the law and our regulations.” The approved emergency casino regulations are posted here . On Jan. 21, live, legal sports wagering launched in the state and includes five approved permit holders, and additional permits are expected to be awarded soon. Betfair Interactive US LLC (d/b/a FanDuel) in conjunction with the Washington Football Team, Crown Virginia Gaming (Draft Kings), BetMGM, Portsmouth Gaming Holdings, Rivers Casino Portsmouth, and Caesars Virginia are all licensed operators. By law, the Lottery says operators are required to submit financial reports on total wagering activities by the 20th day of each month — the first reports will be due by Feb. 20. “In the seven months since sports betting was authorized by state law, the Virginia Lottery has crafted responsible regulations, accepted and reviewed applications, and awarded the first licenses to qualified operators,” said Hall. “We have built a regulatory program that protects consumers and ensures the integrity of legal sports wagering in Virginia.” Along with the expansion of gaming in the Commonwealth, Lottery Board members also received an update on the possible record-breaking fiscal year for the agency. Compared to last year, sales increased by 37 percent to $1.4 billion during the first half of the Fiscal Year 2021 — from July 1 through Dec. 31, 2020. Lottery officials also say that total profits during the six-month period were up more than 20 percent from the previous year for a total of $349.7 million. By law, all Virginia Lottery profits go to K-12 public education in the Commonwealth. Sales were driven by a variety of factors officials say, including the July 1, 2020 launch of online iLottery games. Games like Mega Millions, Powerball, Cash4Life, and more all-new, instant-win games were included in the online options. Officials say the launch of this digital platform is the most successful in U.S. Lottery history, shattering performance targets and recording $283 million in topline sales in the first six months of the fiscal year. “We have seen strong growth across our product portfolio, and we are very pleased to see that our experience with online sales confirms what’s been seen in other iLottery states: online sales make lottery products more relevant to digital consumers who place a premium on convenience,” Hall said. “Since launching iLottery last July, we’ve continued to see strong year-over-year sales growth at the retail counter, too. That’s great news for the good cause the Virginia Lottery supports: K-12 schools in the Commonwealth.” Sports betting and casino regulations, information and approvals can be viewed here . Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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BLUE SQUARE REVIEW. BLUE SQUARE. Very strong horse racing icard. Prominently featuring strong in odds comparison. Great sports book. Blue Square no longer operates as a bookmaker, it has been acquired by Betfair. Blue Square betting is one of the most reliable betting shops available anywhere in the UK. They not only offer safe betting but at prices you will struggle to find anywhere. They were launched in 1999 and offer their service through online betting , interactive TV, mobile internet and telephone. In their nine years of operation Blue Square has amassed a clientele of 750,000 customers making it one of the more successful betting companies in the UK. Blue Square offer the best odds on football and are the official sponsors of some of the lower leagues in English football. Their website has a professional touch to it, well designed and easy to manage but the best part of it is that if you don’t really like how it displays its betting markets; you can simply change it to suit your betting trends. Reasons to join Blue Square. Very unassuming but very strong online bookmaker Very strong horse racing icard with live video and predictions Prominently featuring strong in odds comparison Great sports book and more to the site than first glance Bet £25 on a new account and get a free £25 bet. * New Customer Offer, T&C’s Apply, 18+. Please Gamble Responsibly. See details directly at Blue Square. Also Blue Square offer a sports radio centre that broadcasts live coverage of sporting events allowing punters to keep up to date with their bets. The sports radio has been a huge hit with punters that use Blue Square . They offer one of the widest selection on sports in which to bet on, they include; Football, Horse Racing, Golf, Tennis, Rugby, Cricket, MotorSport, Athletics, Snooker, Pool, Darts, Boxing, Greyhounds, American Football, Ice Hockey, Basketball and more. Blue Square is one of the safest website s to use as they are associated with the Independent Betting Arbitration Service (IBAS). All problems will be dealt with in a proper, professional manner. Blue Square is also renowned for its quality coverage of horse racing in the UK.
Sections. Advertisement. Columbus Blue Jackets at Chicago Blackhawks odds, picks and prediction. Share this article. The Columbus Blue Jackets (3-2-3) and Chicago Blackhawks (2-3-3) drop the puck on the front half of a two-game weekend set Friday night. The Jackets and ‘Hawks will get underway at 8 p.m. ET at United Center. Below, we analyze the Blue Jackets-Blackhawks NHL odds and lines , with picks and predictions. Blue Jackets at Blackhawks: Odds, spread and lines. Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated at 9:25 a.m. ET. Blue Jackets at Blackhawks: Projected starting goalies. Joonas Korpisalo (1-1-2, .928 SV%, 2.45 GAA) vs. Kevin Lankinen (2-0-2, .931 SV%, 2.18 GAA) Korpisalo stopped 28 of 31 shots Tuesday vs. the Florida Panthers. He stopped 28 of 30 shots in one start against the Blackhawks last season. Korpisalo owns a .944 SV% over two road turns this winter and has a history as being a solid option in road games. Lankinen has the hot hand in a three-goalie competition for Chicago, although G Malcolm Subban was solid in an overtime loss at the Nashville Predators Tuesday. Lankinen has a sparkling .944 SV% in even-strength play, and he’s been sharp against shots from the doorstep and on second chances off rebounds. Get some action on this game or any NHL matchup with a legal, online bet at BetMGM in CO, IA, IN, MI, NJ, PA, TN, VA and WV. Risk-free first bet up to $500, paid in free bets. Terms and conditions apply. Bet now ! Blue Jackets at Blackhawks: Odds, lines, predictions and picks. Prediction. Chicago 3, Columbus 2. Money line (ML) Puck-possession and shot analytics peg the Blackhawks as being a better unit in their own zone this season. That’s on the heels of coughing up the most shots in the league last year, so that’s not to say the ‘Hawks are suddenly a top-third group. C Jonathan Toews (undisclosed(, F Kirby Dach (wrist) and W Alex Debrincat (COVID-19 protocol) are out of the lineup, and that fact showed up in Chicago generating just two even-strength goals and 40 even-strength shots in two games in Nashville. The Blackhawks’ expected-goals percentages are impressive, and they’re getting decent goaltending. These two teams have thus far played similar schedules in 2021. The transitive results favor Chicago’s efforts in those games. Columbus played a home game Thursday and the Jackets are 1-2-1 in four road games. They struggled mightily on the road down the homestretch in last year’s shortened season (0-3-4 last seven road games). Against the spread (ATS) Three of Chicago’s last five games have been one-goal affairs. Five of Columbus’ last six fit that bill. STEER CLEAR of a juice-filled puck line. Over/Under (O/U) Follow SportsbookWire on Twitter and like us on Facebook. Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.
Sections. Advertisement. Columbus Blue Jackets at Detroit Red Wings odds, picks and prediction. Share this article. The Columbus Blue Jackets (0-2-0) and Detroit Red Wings (1-1-0) square off Monday for a noon ET puck drop at Little Caesars Arena in Detroit. Below, we analyze the Blue Jackets-Red Wings NHL betting odds and lines , with picks and predictions. Blue Jackets at Red Wings: Betting odds, spread and lines. Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated at 7:20 a.m. ET. Blue Jackets at Red Wings: Projected starting goalies. Joonas Korpisalo (0-1-0, 2.05 GAA, .941 SV%) vs. Thomas Greiss (0-1-0, 2.04 GAA, .952 SV%) Korpisalo was sharp in the opener Thursday in Nashville, making 32 saves on 34 shots. He was 2-0-0 with a 3.55 GAA and .851 SV% in two starts against the Red Wings last season. Greiss was sharp in his team debut Thursday against Carolina, turning aside 40 of the 42 shots he faced, but he received no offensive support in the 3-0 loss. Greiss was 2-1-0 with a 2.25 GAA and .938 SV% in three starts last season against Columbus while a member of the New York Islanders. Get some action on this game or any NHL matchup with a legal, online bet at BetMGM in CO, IA, IN, NJ, PA, TN and WV. Risk-free first bet up to $500, paid in free bets. Terms and conditions apply. Bet now ! Blue Jackets at Red Wings: Odds, betting lines, predictions and picks. Prediction. Blue Jackets 4, Red Wings 2. Money line (ML) Detroit last won against Columbus on Oct. 30, 2018, and their most recent win at home against the Jackets came in a shootout Feb. 23, 2016. Their last victory at home in regulation vs. CLB was way back on Oct. 15, 2013. Against the spread (ATS) Over/Under (O/U) OVER 5.5 (-110) is worth a small-unit play. While the Red Wings have four total goals in the first two games, the Over has connected in four of the previous five meetings with the Jackets. This won’t go Over easily, and it might take an empty-net goal late for a winning ticket, but it will hit. Follow @JoeWilliamsVI on Twitter. Follow SportsbookWire on Twitter and like us on Facebook. Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.
Super Bowl LV Picks: Chiefs-Buccaneers Odds, Analysis And Predictions. It doesn't get much better than Patrick Mahomes vs. Tom Brady. If the last year has taught us a lesson, it’s to not take anything for granted. That said, to have the Super Bowl mere days away is something sports fans should cherish. There were times in the spring when some wondered whether the NFL should even hold its draft — virtually, mind you — amid the COVID-19 pandemic. Conversations about the feasibility of an actual season followed, and on more than one occasion, the 2020 campaign felt like a pigskin house of cards ready to topple with one or two more positive tests. Yet, here we are. Somehow, the NFL has been able to push through the pandemic and will play Super Bowl LV as scheduled Sunday night when the Tampa Bay Buccaneers welcome the Kansas City Chiefs to Raymond James Stadium. Will the Bucs become the first team not only to host the Super Bowl but hoist the Lombardi Trophy in their own stadium? Or will Patrick Mahomes rip the torch out of Tom Brady’s hands and declare the NFL his own with a second straight title? Super Bowl LV Chiefs Vs. Bucs Picks, Odds, Betting Props | The Spread, Ep. 21. Here’s how they fared during championship week and the season thus far. Mike Cole: 1-1 (121-137-10) Ricky Doyle: 0-2 (129-129-10) Andre Khatchaturian: 2-0 (123-135-10) Now, here are their Super Bowl LV picks, with the line via consensus data. (-3) Kansas City Chiefs vs. Tampa Bay Buccaneers, 6:30 p.m. ET, at Raymond James Stadium, Tampa. Mike: Bucs The Sharp Football site did a very interesting look at how DVOA rankings play out in the Super Bowl. A couple of the bigger takeaways included “top-five ranked offenses have a 2-5 record when facing a top-five defense,” and the team with the higher-ranked defense has won the previous two matchups of teams with top-five offenses. That’s a long, admittedly complicated way of saying defense does matter in the Super Bowl, and Tampa Bay (DVOA No. 5) has a much better defense than Kansas City (No. 22). The Bucs have been the best team in the NFL over their seven-game winning streak, in large part because of that defense. Tampa Bay’s pass rush is disruptive, as Aaron Rodgers and the Green Bay Packers can attest. Now, they go up against an offensive line that could be without Mitchell Schwartz and Eric Fisher. Tampa feasted on Green Bay’s offensive line without top tackle David Bakhtiari, and this feels like a similar situation. Sustained pressure up front should help the Bucs limit the Chiefs’ big-play potential, which is what doomed them in these teams’ Week 12 matchup. Eventually, they got that fixed, and the Bucs made a game of that one. As long as they don’t make similar mistakes this Sunday, they’ll be in position to win this game late. And if that’s the case, are you really willing to bet against Brady? Super Bowl LV Odds: Why You Should Bet Over In Buccaneers-Chiefs. Ricky: Chiefs Trying to avoid analysis paralysis. The Chiefs have won 25 of their last 27 games dating back to Week 11 of the 2019 season. Sure, they’ve gone just 1-8-1 ATS in their last 10 games, but the bulk of those contests featured inflated spreads and were of little consequence. Kansas City, which is 15-4-1 ATS in its last 20 games when favored by three points or fewer, has played its best football when the stakes are raised. And I just can’t pass on the opportunity to back Mahomes, the best quarterback on the planet, with such a short number. The Bucs’ defense definitely will be better prepared than it was in Week 12 — a low bar to clear, obviously — and having cornerback Jamel Dean healthy this time around will be critical in Tampa Bay’s effort to slow Tyreek Hill, in particular. But there are questions on the back end — safeties Antoine Winfield and Jordan Whitehead are dealing with injuries — and that’s concerning when facing Kansas City’s high-powered offense, which ranked third in explosive pass rate and basically operates on its own speed setting. There also could be opportunities for Kansas City to lean on its running backs in the passing game if Tampa Bay devotes too much attention to slowing Hill and Travis Kelce. The Bucs allowed the most receptions (101) to running backs during the regular season, and Tampa Bay’s linebackers are exploitable in coverage, for as daunting as they are in terms of rushing the passer. Expect some offensive ingenuity from KC. And don’t sleep on Kansas City’s defense. Chiefs head coach Andy Reid and defensive coordinator Steve Spagnuolo (the Giants’ DC when New York upset the New England Patriots in Super Bowl XLII) know a thing or two about Mr. Brady. Super Bowl LV Odds: Why You Should Bet Under In Chiefs-Buccaneers. Andre: Bucs Not enough is being made of Fisher’s absence. In 2019, the star left tackle missed eight games and the Chiefs went 4-4. When he did play, the Chiefs were undefeated. Schwartz also is out for Kansas City, whose decimated offensive line has to go up against Tampa Bay’s ferocious pass rush, which finished second in QB hits this season. This isn’t good news for Mahomes, who was walking with a limp in the AFC Championship Game. Mahomes can’t expect to get much help from his running attack because of the Bucs’ elite rush defense, which allowed the fewest yards per carry this season. All of this might make it difficult for the Chiefs to keep up with the Bucs, who get to wake up in their own beds in a de facto home game. Tampa Bay’s running attack should take advantage of Kansas City’s porous rush defense, which had the second-worst expected points contributed on Pro-Football Reference. The Chiefs also allowed the most receiving yards to running backs, so expect Brady to employ short passes to his backs. Success on short passes could create unpredictability on deep passes. Brady threw more deep passes than any QB this season and led the NFL in deep-pass touchdowns with 14. Thumbnail photo via Kim Klement/USA TODAY Sports Images.
MLB Betting Odds Explained. There isn't a sport around that features more games during their year than that of Major League Baseball. There are 30 teams playing 162 regular-season games, plus the postseason as they each look towards the goal of winning the World Series. But with over 2,000 games in the regular season, oddsmakers form a bunch of MLB betting odds relating to the daily matchups, season totals, futures and more. Betting on the MLB is not much different than wagering on NHL betting lines or those for other sports. With run lines, moneylines, and over/unders as only a minute amount of options for betting on the MLB, this page is designed to cover all of the topics to support you. Whether you are an experienced bettor and just getting started, the basics of Major League Baseball betting and the expected betting line options are all presented on this page. MLB Run Lines Explained. The run line for Major League baseball is essentially like a point spread. Though with the run line, it is consistent across the board. Whereas in football, oddsmakers will install various point spreads for different games, an MLB run line stays at 1.5. Where you see the changes are in the payouts on the run line. So, for every game oddsmakers will set a team in the role to have to cover 1.5 runs by winning by two or more, and a team to cover by losing by one run or winning straight up. But just because a team is set in the role of having to cover 1.5 runs, does not mean they will be favored to cover. In fact, a lot of times, teams installed where they have to cover with a two-run win or more payout more than the team on the other side of the line. MLB Moneyline Betting Odds Explained. Betting the moneyline on Major League Baseball is simply betting on the straight up winner of the game. There is no run line, there is no point spread. If you think the Dodgers are going to beat the Padres, you bet on the Dodgers to win the game outright. However, the payouts on the moneyline can look a lot different than on the run line. Since there is no run line where a team has to cover any spread, the payouts for the favorite will be a lot less. And on the other side, the payout for the underdog will be quite a bit higher. Making a straight-up moneyline wager is definitely easier than betting the run line, but that will also be reflected in the payouts. MLB Run Totals Explained. Betting on the run totals for the MLB is one of the easiest methods to sports wagering. As one of the most popular styles of MLB betting, oddsmakers project a combined total run amount from both of the teams playing in a given contest. A bettor must only select whether they believe the total number of runs at the end of the game will be higher or lower than the projections. Because there are only two options, the odds are generally close to even, with the exception of the vigorish. Oddsmakers may also set a run total line on individual MLB teams to give more betting options. MLB Player Props. Just like with team props, player proposition betting lines within Major League Baseball are based on smaller outcomes within a game, as opposed to the run line or moneyline for a matchup. These are player performances, or can put players against each other. An example might be how many hits a player will have in a specific game. The result is not based at all on the score of the game, but only on how that player performs. The bet is won or lost on how you bet on that player prop. MLB Live Betting Odds Explained. With the increase in online sportsbook technology, Live Betting is a new facet of betting that is gaining a lot of momentum. It's very interactive, and with Major League Baseball having so many games during the season, they occupy a large section of this area. Betting live on the MLB can involve a number of different wagers, from alternate moneylines, to team and player props and more. Most online sportsbooks will detail which games are available within their live betting platform along with a list of the bets that are available at the time. These live wagers change all the time, which is part of the fun of it. World Series Odds Explained. World Series Betting odds for Major League Baseball are up and formed almost year-round. From the moment the World Series from the previous season is completed, oddsmakers from World Series Futures for the next season. They are up during the offseason, and through the regular season on into the playoffs. They can change throughout the year, obviously hinging on the performance of the teams during the season. This allows bettors to gain access to a variety of teams’ odds to win the World Series no matter how poorly or amazingly the team is playing. Bovada Sportsbook - Top Sportbook With MLB Games. This something that all players know when it comes to signing up for Bovada. There are always baseball games on the site for players to bet on. The games are great and even during the playoffs, players know that the games will still be very important and very good all season long. This means that players can place all kinds of wagers which only means more money. Prop bets will be everywhere for MLB games and that also means using the live betting feature as well. Bovada also offers mobile betting as well for players and this means that players can use their phone to place their bets. With Bovada, they make sure players can place wagers at any tim. BetOnline Sportsbook - MLB Games Will Always Be On BetOnline. There should be no issues with players who have an account on BetOnline. The reason this is true is that there is so much on here for players to bet on and that includes wagering on MLB games. All sports are here for players to wager on but players like all the MLB games that are presented to them to wager on during the regular and the playoff season. The MLB season is so long that many bets can be made and then there are also the MLB feature bets as well that have great odds as well. The point spreads, moneylines, and other options are here for all players to take advantage of and when players put in big cheese, the return is even greater! There are also surprises that occur during the season so players that take upset capitalize big time. Knowing that there are live betting options and mobile betting feature here on BetOnline is just another bonus that lets players know this is the best sportsbook out there to sign up for. MyBookie Sportsbook - MLB Games Big On MyBookie. Signing up for a MyBookie account is one of the top things that players should do. No matter what sport you like, MyBookie has it all and sticks out because every sport is on the sportsbook. MLB has all of their games on here as well! Baseball games can be very long from time to time so now that means that live betting on baseball games is one thing that many players take a glance into. With nine winnings in each game, live betting will have many prop bets pop up and that means more money to be won. Live betting isn’t the only thing that is exciting when playing MLB games on MyBookie. Using your phone and using the mobile betting features is something that many players use as well so they can travel and still make the huge wagers they want to on their favorite team. MyBookie has great banking methods as well which means players have no issues transferring their money on and off their MyBookie account. This online sportsbook is so easy for players to use it only makes sense to sign up for an account! SportsBetting Sportsbook - Top Betting Options On MLB On SportsBetting. One of the things that stick out to players about SportsBetting is the age requirement to sign up for an account. All players have to be is 18 and older and all the things that these online sportsbooks offer are there for players to use. MLB is one of the hot sports to bet on so there will be a lot of games here to bet on for your baseball fans! Even with all sports here on SportsBetting, MLB has a lot of different games which means more prop bets are here for players to wager and make money on. The New York Yankees are one of those teams that are always good and the thing is sometimes when players choose the upset of them to lose, SportsBetting has the odds set up to where players can cash out huge. This is the main reason why this online sportsbook is better than any other one out there for players to choose from. Check out SportsBetting before the real MLB games show up!
Understanding Moneyline Baseball Wagering: How MLB Betting Odds Work. The point spread is such a ubiquitous part of sports gambling that it has become fodder for pundits and fans who would never place a wager. “Notre Dame is giving up 6 points to USC,” someone might say. “I didn’t know that USC was looking that good this year.” Instead of judging whether they think the numbers are correct or misguided, people are more likely to simply accept what Vegas has to say. The spread becomes just another prediction. Baseball wagering is unique in that there is no traditional point spread set for a ballgame. Instead, sportsbooks focus on run totals, the run line, and, most commonly, the money line (ML). When you wager on the ML, you are picking who you think will win the contest outright. It doesn’t matter how many runs a team scores or how many runs they win by, they just need to score more than their opponent. This, of course, comes with a catch. A sportsbook is not going to give the same odds to win between a division-leading team with their best starter on the mound and a team at the bottom of the division throwing a bottom-of-the-rotation pitcher. How to Read MLB Baseball Money Lines – Basic Explanation & Definition. What oddsmakers do in lieu of the point spread is to weigh the moneyline with heavier odds on the favorite. This is an example of what the numbers on a typical ballgame might look like: The easiest way to factor the risk vs reward is in terms of $100. In the example above, the (-150) means that you’d need to risk $150 to win $100 on the Texas Rangers. This means if the Rangers prevail, you will be paid $100 (plus your initial $150 investment), however, if the Rangers lose, you lose $150. You must increase the amount you risk on Texas because they are handicapped as the team most likely to take the game. Learn About Baseball Line Prices: Dime Line vs 20 Cent Line. Calculating Probability. When it comes to the money line can help to think in terms of probability. In other words, how likely is it that one team will beat the other? This is the foundation of baseball betting and is important to understand before really understanding the money line. Convert Money Lines to Percentage. There are two formulas you will need to convert baseball betting lines into probability. The formula you use depends on whether the line is positive or negative. Positive. Negative. Example: Money Line = -150. Understanding Vig/Bookmaker Margin: Calculating the No-Vig Line. The astute bettor will notice right away that the probability on each side of an MLB game does not add up to 100%. This is because there is a built-in vig or edge for the bookmaker that helps them make their money. To get the true probability for each side of a game, you need to remove that edge. In this matchup, the line tells you that in a fair (no vig) market the underdog has a 42% chance of winning and the favorite has a 58% of winning. This is relevant because as you start to make predictions, you will come up with your own probabilities for a matchup and compare them to the available odds to see whether or not your prediction has value based on these fair market odds. How to Calculate MLB Baseball Moneylines for Betting Risk & Reward. If you aren’t betting exactly $100 per game, it’s easy to calculate your risk/reward by converting MLs to decimals and multiplying those numbers by your wager amount. A couple of examples: Using Major League Baseball Odds to Your Advantage. The great part about the ML is that when you bet on underdogs, you can decrease the percentage of games you need to pick correctly to show a profit. For example, if you wager on 100 games with an average line of (-130), you would need to score on 58% (58 of 100) of your bets just to turn a profit, betting $100 per game. You should be paid out $5,800, but lose $5,460 on these bets, giving you a total profit of $340. Remember that pitching is still the ultimate factor in making your picks and predictions. But a club that recently won a low-scoring outing as a ‘dog is dangerous and almost never a bad wager. Once a team has proven it can small-ball grind its way to upsets of more talented clubs, they carry more value than a squad that got lucky with 5 homers against the Yankees. Underdog Betting Equals Value In MLB Wagers. As you can see, winning bets on underdogs can add up quickly. Sportsbooks are, of course, well aware of this, but because most people lean toward favorites and not underdogs, they don’t really care. Like a grocery store putting its sweet snacks at toddler-eye level, the books know that some people are wise to their strategy – but enough of a % of shoppers won’t be. Don’t be taken advantage of. Take advantage! There are few sure-fire handicapping systems that lead to sustained profit in any sport. NFL wagering, for instance, can be a supreme challenge due to its volatility and the sheer amount of action leveling out the lines. The NBA can be a bear due to “garbage time” and other factors that affect the Over/Under. Not to say that a cash player can’t make money over time wagering on those sports, but when you find a system that is proven to work in a sport where lines can’t be adjusted too much (due to being set in the morning and paid off by night), then it’s never a bad idea to learn those tactics – even if you don’t always adhere to them. The numbers above show that if managing to choose your picks on the diamond wisely and take as many high-value underdogs as you can, you will be well on your way to a profitable summer.
How to Read Baseball Odds. Last Updated: January 14, 2020 References. This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. This article has been viewed 2,249 times. Understanding baseball odds can give you insight into what outcome betting experts project for the game. Reading baseball odds can also come in handy if you choose to bet on the money line. To effectively read baseball odds, you need to understand the terminology and what it refers to. From there, betting on the money line is really simple: place your bet on which team you want to win the game and collect your winnings based on the odds if your team wins! \u00a9 2021 wikiHow, Inc. All rights reserved. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. This image is not licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. This image may not be used by other entities without the express written consent of wikiHow, Inc. \n. \u00a9 2021 wikiHow, Inc. All rights reserved. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. This image is not licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. This image may not be used by other entities without the express written consent of wikiHow, Inc. \n. Tip: In most instances where you bet on the over/under, you need to wager $110 to win $100.
A Simple Explanation: How to Read Sports Betting Odds. Understanding the world of online betting can be a daunting task for the sports betting novice. You’re met with a wall of numbers, dots and dashes before you even get started. The key to enjoyable betting is in knowing how to read the odds. We’ll break it all down into manageable chunks, covering the different bets and odds, and how to read them. What Are Odds? Before we get started, let’s take a look at what odds actually are. Odds are a set of numbers which indicate the likelihood of an event taking place. In gambling terms, the odds aren’t a true representation of probability, but show the ratio between the amount bet and the payout based on the probability calculated by the bookmakers. Now that we have that out of the way, let’s get down to business. The Different Types of Odds. The first thing you’ll need to be aware of is the three most common types of odds in sports wagering: Moneyline Point spreads Over/under betting. What do these terms mean, exactly? The Moneyline. The moneyline wager is perhaps the simplest bet to understand. It’s a straightforward bet on who you think is going to win the game, no matter the final points or score margins. What Do the Numbers Mean? Essentially, these odds show how much your profit will be based on the amount you wager. Moneyline wagers have odds attached to both the favorite and the underdog. Note: the odds are given in the American format. We’ll explain that in more detail later. Point Spreads. Usually in any game, one team is better than the other, giving us the terms favorite and underdogs in the first place. If you were to just bet on the favorite each time, you could take your money and go, but this doesn’t make for a very exciting betting experience, nor would it be very profitable for the online bookmakers. The point spread makes things more interesting for bettors, as well as making a profit for the bookies. Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors. With the point spread odds, you’ll bet on the score difference between the two teams. WHAT DO These NUMBERS MEAN? Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points. If you would like to learn more, be sure to read our article explaining point spread betting. Over/ Under. 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. It doesn’t matter who wins or loses. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker. If you see a bet written as 45.5 o/u , for example, this means that the bookmakers have calculated the possibility of the combined scores of the two teams as being around 45.5. The odds will often be with half points, in order to prevent what is called a ‘push’ or tie. All you have to do is decide whether the combined scores will total over that mark, or under it. 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 (more on this later). How to Read Odds. Now that you know the basic betting forms, you will notice that the odds given aren’t all written in the same way. Again, there are three main formats: This is where your head may start to hurt, but let’s try to keep it simple. American Odds. American odds are also used with the point spread bets, for example: So while the point spread doesn’t change the odds given for each result, it allows the bookmakers to protect their margin or ‘juice’. In another article, we explain how you can find out more about how bookmakers operate and how they calculate their odds. Decimal Odds. Decimal odds are sometimes referred to as “European odds” and are used throughout Europe, Australia and Canada. If you’re interested in betting on international sports, it’s a good idea to know how they work. Luckily, they’re very straightforward and easy to calculate. All you have to do is multiply your wager by the odds to find out your potential winnings. For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. Simple. Fractional Odds. Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in. Again, we’ll keep this simple with an easy example. Say you make a bet of $5 on Team A to win with the odds of 2/1. This translates as: So your bet of $5 at 2/1 odds gives you a return of $15 ($5 wagered x 2 plus the original stake of $5). Need a Calculator Yet? It’s a good idea to have a basic understanding of how to recognize and read each of the odds formulas, but fortunately, there are also a number of online odds converters and calculators that will do the hard work for you quickly and easily. This comes in very handy especially when you have to recalculate when the odds change. Why Do Odds Change? Between the time when the betting lines open and the game starts, you’re likely to see some change in the betting odds, especially in the last few minutes. Why? There are a few reasons. Protecting Profit. Firstly, the bookmakers may change the odds to protect their profit. Since they’ve calculated the odds carefully to give both teams equal interest, making sure they are set to gain a profit either way, if one team is getting a clear majority of the bets, then they will change the odds to make the less favored team’s odds more favorable. Insider Info. Betting websites may change their odds as information comes to light. For example, when a team line-up is published before a game and the star players aren’t making an appearance, or perhaps news of injuries or training issues come out. These will all have an effect on the betting odds offered. Sharp Bettors. Another reason for movement on the betting line will be the sharp bettors, those professional players who may hold off to the last minute and bet against the public opinion. They are usually big-money players and their wager can be enough to move the lines. Knowing how to use line movement to your advantage takes time and experience, but you can get a head start with our handy guide to understanding line movement. Ready to Play. Now that you have the basic building blocks required to understand sports betting odds, you’re ready to go. All that’s left for you to do is find the right sportsbook for you. This can be another learning curve, but don’t worry, we’re here to help you. Just follow the link to get some great tips on how to choose the best online bookmaker.
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