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Betting Odds Explained How do Betting Odds Work

Here's a list of what our visitors are betting on right now. I have placed about 4500 value bets, while I have almost quadrupled my initial deposit by now, in less than 2 months. One of our sure betting customers’ profit graph – over €7700 profit.

However, you’ll find that the run line is relatively consistent at -1.5. The NFL is the most popular sport to bet on in the U.S. today. There are some unique things to keep in mind with NFL betting odds.

With these moneylines so close together, this indicates the perceived margin of superiority and inferiority is relatively small. With points spread bets, -110 is a typical line you’d see, but this is different from sport to sport. When you see this, the best way to think about it is it will show you how much you need to wager to win $100. Moneyline and points spread bets are different, but the odds are most important as they will show what monetary upside you have. When the wager settles, your virtual wallet receives $300 total ($100 back from the initial wager plus the additional $200 in profit). However, if you want to calculate an implied winning probability, you’ll need to rely on fractional odds.

Most of the bets are placed online since their mobile platform only allows sports betting. Their payout system has improved massively over the years. In the past, this was the main complaint about Bovada, but now that they fixed it by speeding up the process and being one of the first online sports betting sites to offer bitcoin withdrawals.

This means you'll have to wager $150 to get $100 on a winning bet. If the odds are +130, this means you'll win $130 if your bet of $100, or more, wins. Basically, odds represent the favorable outcome in a game.