Skip to main content

Sports Betting Odds Explained

sportsbook-oddsYou’ll come across the best sports betting odds today from competitive sportsbooks. The reason for this is that players in the states like betting on sports leagues, college football, and want the best odds. Betting lines come in three formats which include American, decimal, and fractional.

Therefore, you’ll need to do your sports betting odds comparison. So, you have to visit top online sports betting sites to do this. If you are too lazy to calculate the odds, you’ll find gambling websites that do it for you. NFL odds are calculated the same way as any other popular sports. In this guide, you’ll learn how sports betting odds work.

Best Sports Betting Odds Sites

Online casinoWelcome BonusPayoutRatingVisit Site
High Country Casino
500%
98.68%
 
Play High Country Casino
Slots of Vegas Casino
$5,000
98.22%
 
Play Slots Of Vegas Casino
USA Top Online Casino irish Luck USA Casino
$3,000
98.10%
 
Play Irish luck Casino
Bovegas Casino
$6,000
98.21%
 
Play Bovegas Casino
Cafe Casino Best American Casino
$5,500
99.21%
 
Play Cafe Casino
Las Vegas
$12,250
98.28%
 
Play Las Vegas
Sun-Palace-Casino
$10,000
98.25%
 
Play Sun Palace
old havana Casino
$3,000
99.55%
 
Play Old Havana
supernova
$3,000
98.22%
 
Play Supernova Casino
ruby-slots-casino
350%
98.67%
 
Play Ruby Slots Casino
Lucky Hippo Casino
$3000
98.32%
 
Play Lucky Hippo Casino
el royale casino
$1 000
97.72%
 
Play EL Royale
Free Spin Casino
$2,500
98.06%
 
Play Free Spin
red dog casino
$12 250
98.28%
 
Play Red Dog Casino
Bovada Casino
$3,000
98.10%
 
Play Bovada Casino
domgame Casino
$3,000
98.04%
 
Play Dom Game
Cherry Gold Casino
$7,500
97.06%
 
Play Cherry Gold
planet 7 casino
$4,000
97.15%
 
Play Planet 7 Casino
Twoup
$3,000
98.04%
 
Play Two Up
Golden Lion Casino
$3,000
98.09%
 
Play Golden Lion
Royal Ace Casino
$1,000
97.72%
 
Play Royal Ace
Prism
350%
98.67%
 
Play prism Casino
Wild vegas Casino
350%
98.77%
 
Play Wild Vegas Casino
raging bull casino
$2,500
98.18%
 
Play Raging Bull
Vegas Casino
$3,000
99.00%
 
Play Vegas Casino
Club Player
350%
98.67%
 
Play Club Player Casino
Diamond Reels Casino
$5,000
98.45%
 
Play Diamond Reels Casino
Platinum Reels Casino
$3,000
98.48%
 
Play Platinum Reels Casino
Sports and casino
$3,000
96%
 
Play Sports and Casino
cool cat casino
$3,000
98.00%
 
Play Cool Cat Review
lincoln casino
$1,000
97.43%
 
Play Lincoln Casino Review
poker online
200%
98.89%
 
Play Palace of Chance
Exclusive Casino
$3,000
98.22%
 
Play Exclusive
eclipse casino
$2,000
98.22%
 
Play Eclipse Casino
slots lv
$3,500
98.22%
 
Play Slots Lv
ignition-casino
$1,000
98.22%
 
Play Ignition Casino
Silver Oak Casino
$3,200
98.00%
 
Play Silver Oak Casino
Slots Plus Casino
$2,500
98.14%
 
Play Slots Plus
Liberty Slots Casino
$777
98.41%
 
Play Liberty Slots Casino
Dreams Casino
$2,000
98.71%
 
Play Dreams Casino
Grand Fortune Casino
250%
98.77%
 
Play Grand Fortune Casino
Captain Jack
$11000
98.66%
 
Play Captain Jack Casino
high-noon-casino
$2,000
97.00%
 
Play High Noon Casino
Buzz Luck Casino
$1000
97.90%
 
Play Buzz Luck Casino
CryptoReels
$4,500
98.55%
 
Play CryptoReels
Lucky Red
$4,000
98.22%
 
Play Lucky Red
Club World Casino
$3,000
99.55%
 
Play Club World
aladdins-gold-casino
300%
98.15%
 
Play Aladdin’s Gold
All star slots
$4,000
97.21%
 
Play All Star Slots
Manhattan Slots
$5,000
98.01%
 
Play Manhattan Slots
Slots of madness Casino
300%
98.89%
 
Play Slots of madness
Aussie Play Casino
$2250
96.10%
 
Play Aussie Play Casino
Slots of madness Casino
R2 220
97.10%
 
Play Slots Empire
Drake Casino
$6000
98.00%
 
Play Drake Casino
Drake asino
$20000
98.10%
 
Play Cherry Jackpot Casino
CasinoMax Casino
$9000
98.80%
 
Play CasinoMax Casino
Roaring21 Casino
$10000
98.47%
 
Play Roaring21 Casino
Spinifinity Casino
$2500
98.34%
 
Play Spinifinity Casino

Sports Betting Odds Comparison

Betting odds are numbers next to the team or player that indicates the possible results in a game. Your winnings will be affected by how big or small the betting lines are. The odds will also tell you how much you can win after placing a bet.

Sportsbooks set odds that you’ll have to compare with different sites. Chances are the lines are not the same and you will have to choose the best. Different factors can influence the odds. These may include the team/players’ performance, statistics, or where the game is played.

sports-betting-odds

How to Calculate American Betting Odds

Online sportsbook odds are not complicated once you understand the different formats. The American betting odds also referred to as Moneyline use the negative and positive symbol next to the number. First of all, the negative sign shows an event that is likely to happen whereas the negative means an unlikely outcome.

How do sports betting odds work?

For example:

  • Los Angeles Lakers +130
  • Miami Heat -120

You can use these two formulas to calculate sports betting odds in this NBA game:

  • 100/Odds x Stakes (Negative Sign)
  • Odds x Stake/100 (Positive Sign)

Let’s say you make a $100 bet on the Los Angeles Lakers your profit will be $130. Placing the same bet amount on the Miami Heat gives you $83.

Other gambling markets use a decimal system where you multiply your stakes by the decimal (1.4). With this wager, you must still calculate the total payout of the bet and say stake + profit Fractional odds on the other hand are mostly used in the UK (1/3) with the formula Stake x fraction. It may seem to be complicated but it isn’t.

Online Sportsbook Odds FAQs

Why are betting odds important?

Sports betting odds are important because they give you information about the possible results in an event. Also, you get to know how much you can win when placing a bet.

How do you read sports betting odds?

You read sports betting odds by using the appropriate formula in a specific country. This could be America, fractional or decimal formats.

Are sports betting odds difficult to understand?

No, betting odds become easy to grasp once you know how to calculate the lines.

Who sets the odds for sports betting?

Sportsbook odds are set by bookmakers who take into account different factors that make a game.

Why should I compare odds?

The main reason you should compare odds is to select the best being lines.

What is the best betting line format?

Depending on the country you are from, you’ll choose a suitable betting system.