No Result
View All Result
Gamplista e-News - free tips
Gamblista.com - for the Discerning Gambler
  • Home
  • Casino
    • All
    • Casino rules
    • Casino site reviews

    Downloading & Depositing Guide

    The Ten Golden Rules of Gambling at Casinos

    Understanding Poker & Casino Bonuses

    roulette table

    Choosing an Online Casino

    luxury casino

    Why You Should Never Listen To A Sore Loser

    Trending Tags

    • tag1
    • tag2
    • tag3
  • Poker
    • All
    • News & Opinion
    • Poker players
    • Poker rules
    • Poker site reviews
    • Poker strategy

    Downloading & Depositing Guide

    closeup of Zoom Poker on PokerStars

    Rush & Zoom Poker Strategy

    poker table

    Choosing an Online Poker Room

    Types of Poker Player – Understanding Style

    The Ten Golden Rules of Poker

    Trending Tags

    • Sports & Betting
      • All
      • Betting news
      • Betting site reviews

      Downloading & Depositing Guide

      betting on horse racing

      Choosing an Online Betting Site

      Understanding Poker & Casino Bonuses

      luxury casino

      Why You Should Never Listen To A Sore Loser

      888 Sport

      888 Sport

      Trending Tags

      • Slots & Games
        • All
        • Online slots reviews
        slots reviews

        Different Types of Online Slots

        Tomb Raider Secret Of The Sword

        Spiderman Revelations

        Paydirt Video Slot

        Elvis Multi Strike Video Slot

        Elvis Multi Strike Video Slot

        Trending Tags

        • Bingo
          • All
          • Bingo site reviews
          bingo

          Choosing an Online Bingo Room

          bingo dauber

          Bingo Numbers & Nicknames

          Downloading & Depositing Guide

          bingo dauber

          Types of Bingo Games

          888ladies logo

          888 Ladies

          Trending Tags

          • Financial Trading
            financial trading

            Why you should avoid Binary Options and trade Forex instead

            Trending Tags

            • tag1
            • tag2
            • tag3
          • Lifestyle
            • All
            • Famous Gamblers
            • Gambling

            Types of Poker Player – Understanding Style

            luxury casino

            Why You Should Never Listen To A Sore Loser

            Horoscopes

            Gambling Horoscopes & Poker Star Signs

            Poker Lessons from the Fishermen on Deadliest Catch

            Poker Lessons from the Fishermen on Deadliest Catch

            professional poker player in tournament

            TJ Cloutier

            Trending Tags

            • tag1
            • tag2
            • tag3
          • Home
          • Casino
            • All
            • Casino rules
            • Casino site reviews

            Downloading & Depositing Guide

            The Ten Golden Rules of Gambling at Casinos

            Understanding Poker & Casino Bonuses

            roulette table

            Choosing an Online Casino

            luxury casino

            Why You Should Never Listen To A Sore Loser

            Trending Tags

            • tag1
            • tag2
            • tag3
          • Poker
            • All
            • News & Opinion
            • Poker players
            • Poker rules
            • Poker site reviews
            • Poker strategy

            Downloading & Depositing Guide

            closeup of Zoom Poker on PokerStars

            Rush & Zoom Poker Strategy

            poker table

            Choosing an Online Poker Room

            Types of Poker Player – Understanding Style

            The Ten Golden Rules of Poker

            Trending Tags

            • Sports & Betting
              • All
              • Betting news
              • Betting site reviews

              Downloading & Depositing Guide

              betting on horse racing

              Choosing an Online Betting Site

              Understanding Poker & Casino Bonuses

              luxury casino

              Why You Should Never Listen To A Sore Loser

              888 Sport

              888 Sport

              Trending Tags

              • Slots & Games
                • All
                • Online slots reviews
                slots reviews

                Different Types of Online Slots

                Tomb Raider Secret Of The Sword

                Spiderman Revelations

                Paydirt Video Slot

                Elvis Multi Strike Video Slot

                Elvis Multi Strike Video Slot

                Trending Tags

                • Bingo
                  • All
                  • Bingo site reviews
                  bingo

                  Choosing an Online Bingo Room

                  bingo dauber

                  Bingo Numbers & Nicknames

                  Downloading & Depositing Guide

                  bingo dauber

                  Types of Bingo Games

                  888ladies logo

                  888 Ladies

                  Trending Tags

                  • Financial Trading
                    financial trading

                    Why you should avoid Binary Options and trade Forex instead

                    Trending Tags

                    • tag1
                    • tag2
                    • tag3
                  • Lifestyle
                    • All
                    • Famous Gamblers
                    • Gambling

                    Types of Poker Player – Understanding Style

                    luxury casino

                    Why You Should Never Listen To A Sore Loser

                    Horoscopes

                    Gambling Horoscopes & Poker Star Signs

                    Poker Lessons from the Fishermen on Deadliest Catch

                    Poker Lessons from the Fishermen on Deadliest Catch

                    professional poker player in tournament

                    TJ Cloutier

                    Trending Tags

                    • tag1
                    • tag2
                    • tag3
                  No Result
                  View All Result
                  Gamblista.com - for the Discerning Gambler
                  Home Betting

                  Understanding Betting Odds

                  Gamblista by Gamblista
                  in Betting
                  0
                  betting on horse racing

                  When first getting started in sports betting I think one of the most confusing aspects is learning how to understand betting odds and betting lines and ultimately what they mean. This is confusing in my eyes simply because there are 3 different methods in how odds are displayed which not only tell you who the favourite or the underdog is, but will also tell you how much money you hope to win in return for your wager.

                  Well, after doing some research and learning how everything works myself I can honestly tell you that learning about betting odds, spreads, money lines and over/under is much, much easier than what it looks like. To prove that point and to help everyone gain an understanding of all these need to know concepts in sports betting, I have outlined all of the basics of sports betting odds below.

                  Types of Sports Betting Odds

                  Now, aside from random prop bets such as who will score first or what play results in making the first score, the most common types of bets made are generally on the overall outcome of the game; in other words, who the winner or loser will be. These are generally displayed in either a spread or a money line depending on the sport. Additionally, an over/under bet can also be made which is generally used only for games that use a spread but there are variations that are used for games that typically use a money line.

                  Here are the definitions of each below along with an example.

                  Spread: A spread is generally used in higher scoring games such as football or basketball that displays a number that the favourite team needs to win by to at least have a push (break-even) bet with them winning by more resulting in a winning bet. All favourites are shown as a negative while all underdogs are shown as a positive. The team that is shown in all caps is the home team. For example:

                  New Orleans Saints -7 vs. DALLAS COWBOYS +7

                  What this betting line will tell you is that the New Orleans Saints are the favourite to win by 7 points and the Dallas Cowboys are the home team which are underdogs in this specific game. Any bets placed on the Saints will only be winners if the Saints win by 8 points or more with 7 points resulting in a push/tie. If the Cowboys lose by 6 points or less, then any bet placed on them will be winners.

                  As a rule of thumb, all games payout $1 for every $1.10 wagered unless otherwise noted.

                  Money Line: Although money lines are typically used for lower scoring games such as baseball and soccer, they are still used for other games such as football and basketball as well. Money lines are different then Spread betting lines in that there is no deficit that a team must win or lose by for a wager to win or lose. For example, using the same teams, if you placed a wager that the Saints will beat the Cowboys in their next game, it will not matter if they win by 1 point or 1,000; as long as they win, you win your bet.

                  Now, money lines are displayed a bit different than spreads are. They are still displayed as a negative but are generally displayed with a decimal or a whole number such as this:

                  Green Bay Packers -1.20 (or 120) vs. Dallas Cowboys +1.10 (or 110)

                  What this will mean to you as a bettor, is that to win $1 while wagering on the Saints you must risk $1.20 to do so and the $1 will go a bit further as you need to wager only that to potentially earn $1.10 while betting on the Cowboys. This may seem odd, wagering more to earn less for the favourites as opposed to wagering less to earn more for the underdogs; but this is simply because the Packers are a favourite to win, so you are more likely to win your bet thus earning a bit less.

                  Over/Under: Over/under is super easy to understand. All this bet is, is a bet on the likely overall score of the game with both teams points combined. For example, if the over/under for our teams above was 31, then you can place a wager on the fact that you think they will score less than 31 (under) or place a wager on the fact that you think they will score more (over). Over/unders, also known as totals, also payout at the rate of $1.00 for every $1.10 wagered unless other wise noted.

                  How Odds Are Displayed

                  The last thing to understand is how to read and interpret each of the different ways that odds are displayed. There are 3 in all, American, decimal and fractional, with all of the odds written above using the American format. Unless you are betting in the UK, odds are generally in American form which is typically shown in whole numbers (+120, -110, +1000, -1,500, etc). However, most sites offer the option to change it to decimal or fractional if that happens to be the norm for you. Having said that, here are what the decimal and fractional methods look like when displayed along with the easiest way to interpret them.

                  Decimal: When viewing odds in the decimal form, they should look very similar to the American format other than the fact that there will be a decimal point. (This doesn’t mean you can take a whole number from the American format and add a period to get a decimal format however).

                  Now, the easiest way to determine the favourite between two teams is to find the smaller of the two numbers listed. For example:

                  Green Bay Packers 1.25 vs. Dallas Cowboys 3.50

                  In this case, the Packers are the favourite since their number is smaller. To figure out how much you can expect to make for a $1 wager, simply take the number next to the team and subtract $1 from it. For example:

                  Packers: $1.25-$1 = $.25 – If you placed a $1 bet on the Packers, you could expect a return of $.25 should they win.

                  Cowboys: $3.50-$1 = $2.50 – If you placed a $1 bet on the Cowboys, you would win $2.50 in the event that they win.

                  This way of calculating how much you expect to win should work for spread, money line and over/under odds.

                  Fraction: The fractional method of displaying odds is rather easy to pick up as well.

                  The easiest way to tell whom the favourite is and who the underdog is, is to look at how the fractions are displayed next to the team. For example:

                  Green Bay Packers: 1/3 or 1 to 3 – When the odds are displayed like this, with the larger number on the left, then this team is generally regarded as the favourite to win the game.

                  Dallas Cowboys: 5/2 or 5 to 2 – When the odds are displayed like this, with the larger number on the left, this means that this team is the underdog.

                  OK, now, the maths to figure out how much you will make based on your wager is a bit more intense, especially if you’re mathematically illiterate. However, using the example above, I will do my best to explain it.

                  Green Bay Packers: 1/3 or 1 to 3 – Take the right number and divide that by 1 for $1 wager. This is known in maths as “reducing” to common denominators. Now, do the same to the left side using the number 1 as well. This will leave you with approximately $.33. So, what you are left with is $.33 to $1 which means you risk $1 to win $.33.

                  Dallas Cowboys: 5/2 or 5 to 2 – Do the same thing as above and divide the right side by itself (2) which will leave you with 1 which means your $1 wager. Now, divide the left side (5) by the same number you used on the left (2) which will leave you with $2.50. So, what this means is that you risk $1 to win $2.50.

                  The fractional method is probably the hardest to figure out in terms of how much you stand to win. But, most sites will display how much you stand to win in relation to the wager you are making so there is no need to stress.

                  Understanding Betting and Odds in Sportsbooks

                  Hopefully this article has helped all of you gain a bit more understanding in how to read and interpret betting lines and the different ways that they are displayed at each sportsbook. While it seems a bit confusing at first, all it takes is a few minutes of playing with the odds (which can be done without any commitment) and you are sure to have the hang of it. Now, go place a bet and root for your favourite team.

                  Previous Post

                  Different Types of Bets

                  Next Post

                  Jackpotjoy Bingo

                  Gamblista

                  Gamblista

                  Next Post
                  Logo placeholder

                  Jackpotjoy Bingo

                  No Result
                  View All Result

                  Gamblista:

                  NOUN  / gam·bl.ee.stuh /


                  noun: gamblista; plural noun: gamblistas

                  1. a connoisseur of gambling and the gamblers lifestyle.
                  2. a discerning gambler with a taste for high class gambling

                  “She placed 50k straight up on red  32 – so gamblista”

                  “Such a gamblista … he bluffed to the river with nothing but air then put him to an all-in decision”

                  “They came into the casino like they were Oceans Eleven – total gamblistas”

                  Gamblista.com – The complete online guide to gambling for the discerning gambler – Reviews, strategy, tips, news & lifestyle. Evolving from the original online poker forum 4kingpoker.com … read more

                  poker table
                  Poker

                  Continuation Betting

                  by Gamblista
                  0

                  This guide is for new players looking to understand the basics of continuation betting or the C bet. When a...

                  Read more
                  financial trading

                  Why you should avoid Binary Options and trade Forex instead

                  professional poker player in tournament

                  Barry Greenstein

                  Poker Strategy - Pocket Aces

                  Understanding Bad Beats in Poker

                  professional poker player in tournament

                  James Akenhead

                  betting on horse racing

                  Understanding Betting Odds

                  wsop logo

                  WSOP Odds, Full Tilt Casino & Hendon Mob Sells To GPI

                  professional poker player in tournament

                  Jamie Gold

                  Categories

                  • Betting
                  • Betting news
                  • Betting site reviews
                  • Bingo
                  • Bingo site reviews
                  • Casino
                  • Casino rules
                  • Casino site reviews
                  • Famous Gamblers
                  • Financial trading
                  • Gambling
                  • Lifestyle
                  • News & Opinion
                  • Online slots reviews
                  • Poker
                  • Poker players
                  • Poker rules
                  • Poker site reviews
                  • Poker strategy
                  • Reference
                  • Slots and Games
                  Facebook Twitter Instagram

                  BeGambleAware.org
                  Please gamble responsibly 18+ ONLY

                  Advertiser Disclosure: Gamblista.com generates revenue through affiliate programs & advertising.

                  Advertiser Disclosure: This comparison site is supported by affiliate payment from the operators who are ranked on the site and the payment may impact which sites are ranked & listed.

                  Advertiser Disclosure: Our reviews are a promotional feature and we receive payments from sites that are reviewed, therefore reviews are not provided by an independent consumer.

                  Privacy Policy

                  GamCare.org.uk
                  When the fun stops – STOP

                  Legal Notice: Gamblista.com is an online gambling guide it is not a gambling operator or casino.

                  Legal Notice: Gambling, poker or certain types of gambling may not be legal in all jurisdictions around the world, please ensure that it is legal in the country or area you reside in before gambling.

                  Legal Notice: Gamblista accepts no liability for the information contained on this site. This site and information on it is intended for purely educational, informational and entertainment purposes only.

                  About Gamblista

                  GamStop.co.uk
                  Please gamble responsibly 18+ ONLY

                  Gambling is an enjoyable luxury – not an easy way to earn money … When the fun stops – STOP

                  NEVER gamble money you cannot afford to lose.

                  NEVER borrow money to gamble with.

                  NEVER gamble more to chase your loses.

                  NEVER gamble while drunk

                  If you feel you may have a gambling addiction or a problem with gambling please seek help.

                  Help with Gambling Addiction

                  © 2020 Gamblista.com - for the Discerning Gambler.

                  No Result
                  View All Result
                  • Home
                  • Casino
                  • Poker
                  • Sports & Betting
                  • Slots & Games
                  • Bingo
                  • Financial Trading
                  • Lifestyle

                  © 2020 Gamblista.com - for the Discerning Gambler.

                  This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
                  Privacy & Cookies Policy

                  Privacy Overview

                  This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
                  Necessary
                  Always Enabled
                  Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
                  Non-necessary
                  Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
                  SAVE & ACCEPT