Betting Odds Explained Beginner’s Guide

Therefore, many suggest never risking more than 2% of your account balance on a single trade. If your balance currently sits informative post at £20,000, you’d never risk more than £400 on a single trade. This will protect you from losing more than you can afford and keep you swinging in the long-term. Bonus offers –Does the broker offer deposit and account opening bonuses? Do they offer any other promotions, such as reduced holding costs?

Different Bookmaker Overrounds By Football Leagues In The Uk

Not every state has legalized sports betting so check if your state has legal betting on the NBA. Click here for our comprehensive guide on how to bet on NFL football. If you are not sure that your state has legalized sports betting yet then check out if you can bet on the NFL in your state. Going back to 2002, the most common margin of victory in NFL is 3 points. There’s a 15% chance that a game will end with the winner beating the losing team by 3 points.


Understanding betting odds allows you to pick between good and bad odds. These sportsbook odds are known as the vigorish or “vig” for short. While the profit margin for the sportsbook will sometimes be referred to as the “juice”. Basically, point spread betting gives bettors an opportunity to bet on their favorite team even if they are less likely to win. Acting as an equalizer, point spread betting literally evens the playing field.

You are trying to profit from a fall in price, but you can also lose from an increase in price. If you are betting on the price of an asset going up, then you buy or ‘go long’ the asset at the buy/ask price, which will always be the highest of the two prices quoted as the spread. You are trying to profit from an increase in price, but you can also lose from a fall in price. You might be particularly good at stock share trading, or you might prefer spread betting forex. This tax-free treatment has made spread betting very popular in the UK, where it is authorised and regulated by the Financial Conduct Authority .

Specific spread betting forex brokers may offer you a better deal than a jack of all trades, master of none firm. So, do your homework and check you’ll get the lowest spreads in the markets you’re interested in. Spread/Bid/Offer spread – The financial spread is the difference between the buy and sell price for a particular bet. Instead, you are simply shadowing the underlying asset you are trading. Investors are speculating as to whether the security’s price will rise or fall, using the prices put forward by the broker.

So given the odds of 5/2, Chelsea are considered a 28.57% chance to win the game. Fractional odds are generally the most traditional form of expressing betting odds. They are a simple reflection of the return you will receive for a particular amount bet. So given the odds of 1.65, Manchester United are a 60.6% chance to win the game. For example, let’s say bookmaker bet365 is offering odds of 1.65 for Manchester United to win.

Though sportsbooks often use half points, some will use whole numbers for their point spreads. Since there are no half points, you may be wondering why to include half points in the odds at all. The half points are used to ensure there is no “push” or tie.

GameSpreadTotalNew England Patriots-7.5O/UMiami Dolphins+7.547In the example above, New England is -7.5. The minus means the Patriots are expected to win the game by at least 7.5 points, while the plus for Miami means they are the underdog and are expected to lose by 7.5 points. The O/U, which stands for “Over/Under”, means that the total number of points in the game is predicted to hit 47 points. UK bookmakers traditionally used the fractional odds format but decimal usage is becoming more common. This may be because they are easier to work out potential winnings.

Nfl Point Spread Wager

A Rams outright win as two-and-a-half-point underdogs would also do the same. Over/Under is a great market for those who follow sports statistics regularly. If you do your research, you can see a general pattern of how many points a certain team score away and from home. The popular spread handicaps favorites, putting both teams on a similar field of play. Powerful teams will always have an edge on paper against underdogs. When one team is so dominating, the others are not up to its level.

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