Premier League. Champions League. Euro Copa America. La Liga. Europa League. International Football. Serie A. Women's Football. Formula 1. League One. League Two. Sports Business. Men's World Cup. Women's World Cup. The Athletic Ink. Understanding sports betting odds and how to read them.

By Dan Santaromita Jan 25, American odds American odds are a bit confusing on their face. TEAM Spread Total Moneyline Boston Celtics. Los Angeles Lakers. TEAM Odds Kansas City Chiefs. Green Bay Packers. Tampa Bay Buccaneers. Baltimore Ravens. Buffalo Bills. As for the odds, the most common number for spread bets is , but that number varies depending on the location, sportsbook and how popular each side is.

However, there are states where odds are worse in order to get the state more money such as or This is also called the vig , which is the amount the sportsbook charges per bet. If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em.

Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary. Decimal odds are most popular in Australia, Canada, Europe and New Zealand.

These odds may be the easiest of the three to understand just by looking at the numbers. The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite.

The return can be calculated by multiplying the bet with the the decimal odds. Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing.

Also, a lot of sportsbooks in the United States will use fractional odds for futures odds. Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, times 2. Betting Odds Calculator. Your Bet.

You also might see the acronym "BOL" around these terms, which stands for best of luck. Losing a bet when it looks like a guaranteed winner. For example, when the team you bet on is up by a lot with only a few minutes remaining, but ends up losing.

That same coin flip bet would likely be listed with odds like heads and tails Think of a parlay like a layered bet. A parlay no, not that parley combines two or more bets to greatly increase your possible payout but…it greatly decreases the chance of actually winning.

but most sportsbooks will cap a parlay at 10 total bets. To calculate a parlay, the odds must first be changed into decimal odds, multiplied together and then reconverted back to American odds.

Luckily, sportsbooks do this complicated math for us, but you can read a full explanation here. Put simply, a prop bet is any wager not tied directly to the outcome of the game. Futures bets are placed on events before they take place, like a certain team to win the championship or a certain player to win the playoff MVP.

These bets are often available before the start of a season or playoffs and the odds update based on results, injuries, trades etc.

until the event is decided. Individual sports betting involves one specific outcome either happening or not happening a win or a loss , but fantasy sports involve building a team of players to compete against other teams of players. Those players accumulate fantasy points based on how they perform IRL.

There are various ways to participate in fantasy sports, most commonly by drafting a team that competes across an entire season.

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