Football betting explained, how football odds work

Football bettors world-wide have a good understanding of how the football odds work, but for those of you who are absolutely new to this area of gambling, we have done our best to explain football betting to you in the simplest way possible. Before we begin, note that this is a brief and a basic guide to football betting and the works of the odds. If you are past the beginner stage, you should skip this guide as it will not teach you anything new - visit our betting tips section for intermediate and expert advice. But if your are a newbie in the sports betting, read on to learn about the football odds and how betting on football works.

Ok, if you are a beginner bettor, you have two big questions ahead of yourself - how the whole football betting thing works and how the odds, spread, totals etc. work. We will answer theses questions below in the simplest way possible; don't worry, examples will be included.

When you bet for the underdog, it is called betting “against the odds.” For example, if odds are +300 for the Bears this Sunday, then it is three times more likely that they will lose than win. Odds of +300 indicate that if you bet $100, you will win $400, the original amount of your bet plus the profit. In Summary: Betting Odds Explained. American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. Football Betting Line A betting line is a posted number that the online Sportsbook posts for each game in a certain sport. The betting line will have different wager options within the betting line. Bookmakers will post odds on who they think will win the game. The betting line.

If the odds are minus (–), then that amount of money must be wagered to win $100. –150 means you must bet $150 to win $100.) If the odds are plus (+), that amount of money would be earned on. Futures betting allows you to make choices about events that will happen as the season goes along. For example, you can place a bet on who will likely win the Super Bowl, be named the NFL MVP,.

Let's begin with football betting explained. Football betting is basically risking money on one or more football games with the purpose of guessing the correct outcome of the football game or games. You place a wager with a sportsbook on a football game and if your prediction is correct - you win money relative to the odds on the correct outcome, and if you are wrong - you lose your wager. In this way football betting is not much different than betting on any other sport. The difference comes when we look at the odds:

How football odds work - this is where the complicated part of football betting comes. When wagering on a football game, you will have three basic choices - line, point spread and total, all three commonly referred to as 'odds'. Let's look at all three types of football odds with an example. Here are the odds on the Indianapolis Colts vs. Green Bay Packers football game at the online sportsbook Bookmaker:

If this is your first time looking at football odds, the numbers probably mean nothing to you, so let's break them down. In the first column are the football teams competing, in this case the Colts and the Packers. The second column shows the point spread on the game, the third column is the total and in the forth column are the betting lines. We now know what the odds arrangement means, but still have no idea what the terminology stands for. So let's go ahead and explain each of the football betting odds we just mentioned.

The point spread (column 2) - the football point spread is the most popular form of odds on football. In its simplicity, the point spread is a points handicap for the team with the plus '+' sign. In the above example, the plus sign is for the Green Bay Packers and the value is '1', which means that the odds makers are giving the Packers one point advantage, i.e. the game starts from the result 'Indianapolis 0 - Green Bay 1' and then you ad the points scored in the game. The number '-110' behind the spread is the payout on that bet. If you bet the spread on the Colts and they win the game by more than one point (i.e. final score-1), your wager will pay out on -110. Here is the best place to explain what that -110 means. In betting, using American odds, the payout takes the form '-' or '+' and then a number, in this case -110. If the sign in front of the number is minus, the number shows you how much you have to risk in order to win $100. In the above case, if you bet on the Colts covering the spread (i.e. the Colts win by more than 1 point) you have to bet $110 to win $100. If the sign in front of the number was '+', the number shows you how much you will win if you bet $100. For example, if the payout on the odds was +190, this means that for every $100 you bet, you will win $190.

The total (column 3) - the total in football betting is the combined score of the game, i.e. the Colts points combined with the Packers points = total points. The odds makers employed by the sportsbooks evaluate past performance (betting trends) and current team conditions and choose a number that best reflects the possible total outcome of the football game. In the example above, the odds makers have decided that the most likely total of the scores by the Packers and Colts will be 47 points and you have to decide whether the final score total will be OVER 47 points or UNDER 47 points (Over is marked with 'o' and Under is marked with 'u'). Either way you chose, if you are correct you will win $100 for every $110 wagered (-110). If the final score total of the football game is exactly 47 points the bet is called 'no action', meaning you neither win nor lose, similar to 'push' in blackjack or a draw.

The betting line (column 4) - the betting line is he easiest to play, you simply have to guess which football team will win the game. In the above example, the betting line on the Colts is -120 - means you will have to bet $120 to win $100 if Indianapolis wins the game outright and the betting line on the Packers is 'EV', which stands for 'EVEN', or you will get even money if the Packers win the game ($100 for every $100 bet). Using the betting lines in football is the easiest way to call a team 'favorite' or 'underdog' - if the odds on a football team have the minus '-' sign in front, this means that the team is favorite to win the game (you have to bet more to win less than what you bet), if the football team has a plus '+' sign in front of its odds, the team is underdog (you will get even money or win more than your bet).

And here you have it - the football betting explained and how the football odds work. Note, this is just the basic explanation of football betting, read the rest of our free guides to learn the tips and tricks of betting on football.

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Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

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

• Matchup Odds
• New England Patriots +120
• Pittsburgh Steelers -140

The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.

Explain Football Betting Lines

Examples:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.

In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

Explain Soccer Betting Odds

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Explain Football Betting Odds

Decimal Style Sports Betting Odds

Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:

If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.

If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.

Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.