How To Read Vegas Odds. Las Vegas is known as the gambling mecca of the world. People flock from all corners of the globe to experience the Vegas strip’s bright lights and thriving atmosphere. Before you make the trip, it would be extremely beneficial if you have an understanding Vegas odds.

Betting on football is the perfect way to boost the thrill you experience while watching the beautiful game. However, it can be a daunting process for newcomers if you do not understand how to read odds and calculate your potential payout. The best sportsbooks in the business make it as easy as possible for you, but it helps to learn how to read odds and figure out how to maximize your profits.

K nowing how to read odds is something anyone who is thinking of placing a bet should take time to understand. The odds reflect your selection’s chance of winning in the eyes of the bookmakers. With American odds, the number represented is how much you have to bet to win $100. If the number is preceded with a '+' sign, then you would risk less than $100 to win a wager worth $100. And, the opposite is true when the number is preceded with a '-' where the bettor would have to risk more than $100 just to win $100 of the wager. Odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics. Odds can be demonstrated by examining rolling a six-sided die.

Fractional Odds

You will often see odds quoted as fractions, such as 2/1, 9/4 and 5/2, particularly in the UK and Ireland. The first number on the left tells you how much profit you stand if you bet the amount on the right. Odds of 2/1 tell you that you will earn a profit of £2 for every £1 you stake. If you bet £10 at odds of 2/1, you will make a £20 profit. You also get your stake back when your bet is a winner, so your return would be £30 in this instance.

If you see odds of 5/2, it means you win £5 for every £2 you stake. This means a £1 stake would earn you a profit of £2.50 and a return of £3.50, while a £10 bet would earn you a profit of £25 and a return of £35. Sometimes you will see a team priced at evens, or even money, which means 1/1. This means a £20 stake would earn you a £20 profit and a £40 return if successful.

If the odds are smaller than 1/1, it is referred to as odds-on. A price of 10/11 is an example of an odds-on market. A £10 stake would earn you a £9.10 profit and a £19.10 return if successful at these odds. You do not double your money, showing the market is odds-on.

Decimal Odds

Many punters prefer to use decimal odds and they are particularly prevalent online. Decimal odds tell you the return you stand to make on a given stake. If you see odds of 1.90, it tells you that a £10 stake would give you a return of £19. If the odds are 2.00, it tells you that a £10 stake would give you a return of £20, and a £100 stake would give you a return of £200. If you see odds of 2.50, a £10 stake would yield a return of £25 and odds of 4.75 would see you get a return of £47.50 from a £10 bet.

Decimal odds include the fact that your stake is returned if your bet wins. Fractional odds of 1/2 are equivalent to 1.50, evens is 2.00, 2/1 is 3.00, 7/2 is 3.50, 100/1 is 101.00 and so on.

American Odds

American odds either start with a plus or a minus. If the price starts with a plus, it tells you how much you would earn from a £100 stake. Odds of +400 would earn you a £400 profit if you stake £100. You do not have to stake £100. You could stake £10 and make a £40 profit, or you could stake £5 and make a £20 profit. Odds of +100 are equivalent to evens (1/1) and 2.00. Odds of +200 are equivalent to 2/1 and 3.00, while odds of +250 are equivalent to 5/2 and 3.50.

If the price starts with a minus, it tells you how much you need to stake in order to win £100. Odds of -120 tell you that you need to bet £120 in order to make a £100 profit. Odds of -250 tell you that you need to stake £250 in order to make a £100 profit. Odds of -250 are equivalent to 2/5 and 1.40. If a set of odds starts with a minus, it is odds-on.

Finding the Best Odds

Different bookmakers offer different odds on the same market, so you should always shop around for the most attractive prices. You can use an odds comparison service to see which bookmaker has the greatest set of odds on a particular market. For example, Bookmaker A might have 2/1 (3.00) on Arsenal beating Man Utd, while Bookmaker B might have 9/4 (3.25). You would choose Bookmaker B as you stand to make a greater profit if your bet is successful.

Thanks for visiting ExplainBettingOdds.com, where we will help you understand exactly how to read NHL betting odds. The NHL is a fast-paced sport, complete with a ton of action and wild entertainment. And with 82 games during the regular season, plus the playoffs, that provides both oddsmakers and bettors alike with a lot of opportunities when it comes to betting lines for the sport. The NHL has a number of different betting odds which are formed during the season for each matchup. Here on this page, we detail what types of lines you will see online sportsbooks come out with during the season, and explain them so that they are easy to understand. The NHL is definitely a different type of sport to wager on than for example the NFL. Actually, Major League Baseball betting lines could be compared most similarly to that of the NHL. So let's check out what betting lines you can expect to see formed for the NHL.

How To Bet On The Spread In The NHL

The NHL Goal line is a type of spread installed for each game on the schedule during the week. But unlike the NFL or NBA, the NHL goal line is a set number a 1.5 goals. A team will then be set in the role of having to cover that spread, which is always the team that is set as the favorite on the moneyline. We will get into the moneyline further down below. But for this purpose, consider the team that has to cover the 1.5 goal line with a two-goal win or more as the favorite to win the game out right. Every game is installed with this goal line, though most of the time the team picked as the one having to win by two goals or more is not the favorite to cover the spread. That's because statistically, the majority of hockey games are decided by one goal or less, or result in a tie. Payouts around the goal line can actually vary quite a bit, and you can see some big disparities between the team having to win by two or more goal, and the one that can still lose by a goal and cover.

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NHL Moneyline Betting Odds Explained

Just like a goal line, every match up in the NHL is installed with a moneyline. This is a straightforward wager, where the bet is placed on the team to win the game outright, with no goal line or any type of spread involved. If you bet on the Canucks to beat the Islanders, the bet is won if Vancouver wins the game, no matter what the score is. This sounds easier right? Well it is. But you can see a disparity in the payouts. The favorite on the moneyline will obviously payout quite a bit less than a bet that would be made and potentially won on the underdog.

Here in this moneyline example, the Canucks are set as -300 favorites on the betting line. That means for every $3 wagered on Vancouver to win, a $1 profit is returned. In the role of the underdog, New York is going off at 2/1 on the payout.

NHL Over / Under Bets Explained

The goal total betting line is a game line set down with the total number of goals for a game between both teams. Oddsmakers will research the two teams, and then come up with an over/under goal total for the specific matchup. The wager is made on the actual scoring total of the game going higher, or lower, than the oddsmakers' prediction. Payouts for this wager are right around even.

Article: How To Read Over / Under Betting Odds

NHL Team Props Explained

NHL Team prop betting odds are lines formed for games and during the season that do not really relate to the direct outcome of the game. For example, a team prop in a specific game might be something like the first team to score a goal in the match up. The bet is placed, and once the first team puts one in the back of the net, the bet is closed. The rest of the game does not have any effect on the outcome of this particular wager. Prop betting odds reduce many of the variables in a game, and are smaller bets within a game. By smaller, we do not mean the amount that can be wagered; only that it's not a bet on the outcome of the game.

NHL Player Props Explained

Player prop betting odds for the NHL are just like team props, only related to specific players. Within a game, we could see as many as 30 or 40 prop betting lines set down for players. They range in nature, and typically revolve around the number of goals or assists, or a combination thereof for players during the game. The bet is made on the number installed for a player, whether it be one goal or 1.5 goals or whichever number. The wagered would then be made on the actual total going over or under that installed number from oddsmakers and online sportsbooks.

How To Read NHL Live Betting Odds

Betting live on sports is definitely something that is becoming more and more popular in this day and age. With the increase in technology and the accessibility of online sportsbooks, live betting is available right at your fingertips. As far as the NHL is concerned with live betting, it is available for games. Not every single game is available for live betting, but online sportsbooks will establish which ones are. From there, the available betting lines will also be shown. Alternate moneylines, team and player props are what are typically available. With live betting, odds are obviously changing every couple of minutes, making for a fun and exciting way to bet sports.

How To Read Stanley Cup Betting Odds

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Stanley Cup futures wagers are a betting line which is formed during the season. In fact, these odds come out the day after the championship from the previous season is won. The bet is placed on the odds to win the Stanley Cup for the upcoming or current season. These odds are not set in stone, and do change during the season as teams do well, or fall out of contention.

Bovada Sportsbook - NHL Games Big On Bovada!

The reason that may fans come and sign up for an account with Bovada is because of the variety of games that can be bet on. Hockey is a sport that goes know but barely talked about but is still bet on often. Bovada knows that even though there are a few hockey fans everywhere, having the games on their sportsbook only means that more players will sign up and wager on NHL soon as the puck drops. This means that live betting feature that is present to all account holders can be very busy when it comes to all these games that last a few hours sometimes.

There are so many different money lines and also different betting odds that will be here for players to check out. The fact that there are many different prop bets here as draws a huge crowd of players and that means more and more players will drop money on a bet that could win them a lot of money. Check out the bonuses as well that could make a difference in how much money players can put on their account.

MyBookie Sportsbook - MyBookie The Best Place To Bet On NHL Games

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Now for the most part players like to go on their online sportsbooks a place their bet and leave. With MyBookie, placing your bet is only the tip of the iceberg as far as what players can do on their account. With so many different betting options here on MyBookie, the NHL is one of the sports that after you place your bet, you can find other things to get into like checking out other money lines and also participate in live betting feature that it offers.

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There is also a mobile betting feature here on MyBookie as well that lets players log in and check on their bets and even place other wagers while they are out of the office or not close to a computer. The games that are being seen will always show up as options and with the NHL season, there will always be plenty of games up on MyBookie so there is no reason for a player to be bored with this account they have!

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