Odds Explanation
“Wait, why does this NFL team have a -235 next to its name? What’s with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!”
- Odds of an event happening is defined as the likelihood that an event will occur, expressed as a proportion of the likelihood that the event will not occur. Therefore, if A is the probability of subjects affected and B is the probability of subjects not affected, then odds = A /B. Therefore, the odds of rolling four on a dice are 1/5 or 20%.
- Calculating Poker Odds for Dummies - A FREE, #1 guide to mastering odds. How to quickly count outs to judge the value & chance of winning a hand in 2021.
Betting Odds Explained. Having never been explained betting odds can be intimidating. They come in different formats, and sometimes seem to work counter-intuitively. You can trust our team of experts. We have put together all the key information about how odds.
If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.
But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That’s where point spreads come in. Let’s look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.
Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.
Moneylines
Let’s take that same example above but use moneylines:
Philadelphia Eagles (-200)
New York Giants (+150)
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
The Giants are the underdogs. If they’re +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots — 3/1
Baltimore Ravens — 5/1
Kansas City Chiefs — 8/1
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you’d win $150 (plus your original wager) back.
Good luck!
Hundreds of millions of people in the United States and around the world tune in annually for the Super Bowl. The Super Bowl is much more than a football game, it's become a mega event surrounded by entertainment. The extent of the game stretches so far that even a 30-second commercial spot during the broadcast costs companies several million dollars. Outside of those dollars spent, betting on the Super Bowl produces the largest influx of money into sportsbooks seen all year long. Las Vegas comes out with annual numbers following the big game as to how much was wagered, which side received the most action + more.
From a numbers standpoint, there are more betting lines formed for Super Bowl matchups than any other single game in any sport. The goal of this page is to educate readers on all the different types of Super Bowl betting lines and ways to bet on the Super Bowl because there is plenty of action outside of the game lines which many fans + casual sports gamblers do not know about. Everything from props that concern the pregame + halftime show, in-game coverage and other events have also become extremely popular and ExplainBettingOdds.com readers can get up to speed on it here.
Bovada Sportsbook - Super Bowl Bets Is Here For Bovada Players
This is one of the most important games in the NFL. The Super Bowl is huge and the whole stops when this game is going on. The fact that everyone watches this game lets you know that bets on this game will be flying in. With so much going on that day, Bovada is already known to have the Super Bowl bets up for all the bettors with an account.
Not just game bets but also bets on commercials and other things. This is why Bovada is known to be one of the best and players make sure to pick the best banking method available on Bovada to make sure their money is put on their account with no problem at all. There is live betting and also a mobile betting feature here for players on Bovada so Super Bowl Sunday will be very interesting when having an account with Bovada.
SportsBetting Sportsbook - Tons Of Parlay Bet For All Sports
The reason that many players love to place bets on SportsBetting is because the odds are set up perfect players to win big. There are always great games going on no matter the sport so that means that there are plenty of bets that will show up and many of the time players will decide which prop bets are best for them. Most of the time players will see more than one bet that they really like and this is where parlay bets will come.
The thing is SportsBetting already has all the great bets so now when you put all these prop bets in the basket and make it one big bet, this is where cash will flow! SportsBetting is known for great prop bets so when you can tie them all together, this only means more players will come in and place parlay bets and win huge!
BetOnline Sportsbook - BetOnline Has Super Bowl Bets
The Chiefs would a Super Bowl and have the chance to make another move on another Super Bowl. BetOnline will be ready for Super Bowl Sunday and always have been ready. The fact that you can log in and see all kinds of bonuses set for Super Bowl Sunday is just one of the few reasons why BetOnline is one of the top sportsbooks across the world. Most of the time, players will already bet on football games so the fact that the Super Bowl is the biggest game of them all means more players will bet on this game and BetOnline knows it.
With betting features like mobile betting and live betting on BetOnline, this only means there are way more prop bets up for bettors to pick from. More prop bets only mean more money that can be made. The banking methods here on BetOnline will be very easy to use as well so this makes BetOnline very simple to use. Sign up once you’re 18 and make sure you are ready for Super Bowl Sunday!
SportsBetting Sportsbook - Super Bowl One Of The Biggest Betting Options
So there are all players here on SportsBetting that know there are many betting chances for them all the time. The reason that most players bring their friends to SportsBetting because they know what kind of money can be won on this site. Super Bowl Sunday is one of the biggest times in the NFL and SportsBetting knows that. There is plenty of betting options here on this site for all the players soon as the Super Bowl is being talked about.
The prop bets are all over the place and it is not just for the game. There are bets on commercials and other things that happen during the Super Bowl. Fans that have a SportsBetting account know that this game is always big and having the mobile betting feature along with live betting feature is where the money is always flipped as well. SportsBetting has it all with all sports so when it comes to the Super Bowl, there are more options than any other game
MyBookie Sportsbook - MyBookie Has Super Bowl Bets
The Super Bowl as we know is one of the biggest sporting events that go on during the sports seasons. There are the NBA finals and fans love that but the Super Bowl is only one game and this is the one that all players wait for all season long. Most of the time there are parlay bets that can be set on MyBookie as there are plenty of prop bets that players would like to take.
The fact is there are also features like live betting and mobile betting that favors MyBookie and bettors will refer this site to their friends to sign up for. As if there are enough things that MyBookie offers, there are also refer bonuses and other bonuses offered to players as well once they sign in. It is great to know that once your sign up for your account that there will be a lot of different things offered to players that help them make a lot of money. Making wagers is about making money and MyBookie makes sure that they have those opportunities there for its players.
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What Would You Like To Learn About First?
Game Lines - Future Odds - Prop Betting - Wager Types - Where To Bet
Point Spread + Other Game Lines
The point spread for the Super Bowl is released within hours after the conference championship games. With a bye week in between the conference titles and the Super Bowl, online sportsbooks will have odds up for roughly 14 days. Game lines for the Super Bowl will remain up until kickoff. The point spread released at the onset is the 'opening line'. This may change over the course of the two weeks or it may stay the same. The line shift depends on how bets are placed. If one side of the line is receiving more action than the other, the point spread will be adjusted. This is to balance out the wagers from the perspective of the sportsbook. A line could move as little as a half-point or it could be several points.
When betting on the moneyline, the user will see the payout to win the game straight up for both teams playin in the Super Bowl. In essence, it's a bet picking the winner of the game. With no spread, the payouts could vary significantly. The favorite in the game would pay out less than the underdog without a point spread. The goal of the spread is to even out the perceived handicap by oddsmakers.
The third aspect to Super Bowl game lines is the game total or the over/under as it is known in some cases. This is a wager made on the total points scored between the two teams in the contest. Like the point spread, this number can be adjusted based on the money wagered. Game totals take into consideration a wide number of factors. This betting line is released along with the point spread. The money line is generally formed days later.
More:What Is The Point Spread? Moneyline? Over/Under?
Super Bowl Future Betting Odds
The first lines for the Super Bowl are released roughly a year in advance. Futures lines come out following the completion of the Super Bowl from the year before. Oddsmakers do not waste time in formulating new odds for the next season. This is an early opportunity for those interested to cash in well in advance. Super Bowl futures have some of the highest margins of profit of any betting line relating to the game. They also give plenty of time to lay money down. Throughout the offseason many online sportsbooks will have these lines up and available. With no weekly games, the payouts do not change unless noteworthy transactions affect the teams.
Once the regular season gets going, weekly updates to the current odds to win the Super Bowl are adjusted. Teams are formed with the odds to win up until they are eliminated from contention. This comes sooner for some teams than for others based on performances. Even as the playoffs get underway, futures are still available. This will be true up until the conclusion of the AFC + NFC Championship games and the Super Bowl matchup is known.
More:What Are Future Betting Odds? Current Super Bowl Future Betting Lines
Understanding Super Bowl Props
Prop odds are what separate the Super Bowl from other games. Because so much money is wagered on the Super Bowl, sports betting sites take prop betting to the next level. Not only are the teams + players covered more in-depth, so are the surrounding factors outside of the matchup. Get the details just below.
Super Bowl Team Prop Odds - Teams props are some of the most-popular wagers made on the Super Bowl. But it's hard to qualify team props into a handful of categories. This is because sportsbooks can come up with all kinds of scenarios that users can wager. The majority of these wagers revolve around the performance of both teams playing in the Super Bowl. Scoring benchmarks such as the first to score 10 points, or the first team to score a touchdown in the game are good examples. Payouts for team props stay around even money based on two outcomes. However, there can be team prop lines with more than two outcomes. In this case, payouts can be all over the map.
Super Bowl Player Prop Odds - A regular season NFL game might have 30-40 player props lines for a matchup. A Super Bowl will have 10 times that. No player performance (especially at a skill position) is left out in the cold here. Quarterbacks, running backs, wide receivers, defensive backs, linebackers, and even the kickers are installed with odds based on how they might finish statistically. Each betting line is specific to the position, with online sportsbooks dedicating plenty to both teams. Player proposition wagers for the Super Bowl are formed + released over the two-week period. They are not all available at once, coming out gradually.
Wacky (Special) Super Bowl Props - This is where betting on the Super Bowl gets interesting. It's also what separates it from other games. One thing that wacky prop odds do is bring those who might otherwise have stayed away from wagering into the mix. Entertainment betting lines such as the wardrobe of the halftime performer, and how long it takes the opening singer to get through the National Anthem are frequently formed. Another staple is the color of the Gatorade bath at the end of the game dumped over the winning coach. Each year sportsbooks come out with something new, always involving a unique aspect to the teams involved.
More:What Are Player Props? Team Props? Prop Bets For The Super Bowl
Explanation Odds Ratio
Super Bowl Wager Types
Sportsbooks will offer several wager types. Straight bets are the most-common wagers made, but for the Super Bowl there can be much more. Betting sites will detail the available options, but terms like parlays, teasers, and pleasers should be familiar to you. The opportunity to link together bets for a higher profit is the idea behind a parlay. The chance to shift the point spread comes with a teaser + pleaser. There are many fun things that can be done to bet on the Super Bowl from the standpoint of wagers. When visiting online sportsbook, check out the rules pertaining to the wagers that can be placed on a football game. If unclear, consult customer service for answers as they will be able to help.
More Wager Types:Parlays Pleasers Teasers If Wagers Buying Points
Ufc Odds Explanation
Other Ways To Bet On The Super Bowl - Live Betting On The Super Bowl
Odds Explanation
Expect live wagering to be available at many online sports betting sites each year. Wagering live on many sports has expanded, with the Super Bowl being a huge part of that. Online sportsbooks will have a live betting section specifically designed to handle the Super Bowl odds that are formed. Bettors must be decisive when live betting, as the odds change with every down played. However, if timed right, you the odds presented will be much better than anything offered before the game started.
Betting Odds Explanation
Learn More About:Live + In-Game Wagering On The Super Bowl