With the favored team, you will need to bet the odds amount to win C$100. If the favored team’s negative odds are set at -225, you have identified that the team is the favorite because of the negative symbol, and now you can see that you will need to wager C$225 to win C$100. You can obviously bet any amount, but this shows you that you will need to wager quite a lot to win any substantial amount of money. If you want to bet on an underdog that has odds of +400, you will have identified the underdog by the positive symbol. These moneyline odds will show you that you will need to wager C$100 to win C$400 on this team, as they are less likely to win, so you’re taking a risk for a potentially big reward. Again, you can bet any amount, this is just a quick and easy way to look at positive odds to determine how much you’d win on a C$100 wager. If you see -110, this is essentially what the sportsbook needs to charge to not lose money on the wager. You would bet C$110 to win C$100, which then gives the sportsbook their small cut, and nearly doubles your money. This amount is standard across many different betting types and options, and is close to being even odds, it just allows the oddsmaker to not cut a loss on that wager. Moneyline Betting Using Decimal OddsĪnother popular moneyline odds format you can view your wagers in is the decimal odds format. Decimal moneyline odds are popular in European countries and have been around for decades. If you are looking to bet on a baseball game, and the odds look like this: The decimal number will essentially show you how much you would win for each dollar you bet – all you have to do is deduct the dollar from the decimal amount. This means that the Phillies are favored to win this game, and the Nationals are the underdog. By looking at these odds, you can determine how much you would potentially win by looking at the decimal odds.įor each dollar bet on the Nationals, you would win C$1.85 (don’t forget to deduct your dollar – it will be returned to you with your winnings though).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |