As you can see, the fractional odds of 9/1 and the decimal odds of 10.00 return exactly the same amount. Betting odds are numbers used by bookmakers to represent the probability of an outcome occurring and tell us how much they’re willing to pay out on a winning bet. In this guide, I’ll explain what betting odds are, how they work and how we can use them to work out the probability of an event occurring. Oddsmatcher Find the best odds for your matched bets.Odds Converter Convert fractional, decimal and moneyline odds. A push is when a point spread is matched exactly by the final result.

## How Much Can I Win On A Point Spread Wager?

Despite the risk that comes with the use of high leverage, spread betting offers effective tools to limit losses. If spread betting sounds like something you might do in a sports bar, you’re not far off. Charles K. McNeil, a mathematics teacher who became a securities analyst—and later a bookmaker—in Chicago during the 1940s has been widely credited with inventing the spread-betting concept. But its origins as an activity for professional financial-industry traders happened roughly 30 years later, on the other side of the Atlantic. A City of London investment banker, Stuart Wheeler, founded a firm named IG Index in 1974, offering spread betting on gold. At the time, the gold market was prohibitively difficult to participate in for many, and spread betting provided an easier way to speculate on it.

## Betting Glossary Of Terms

Now that you’re an expert in reading sports odds, get out there and start winning some money on your favorite sports betting sites! Sharp bettors are informed bettors, and not all sports are created equal. Consider checking out our comprehensive guide covering how to bet on sports before you lay down your first wager.

## Spread Betting Is A Leveraged Product

When it comes to the NFL, the Martingale System is a muffed punt, fumble and interception all tied up in one. This style of betting is that monster under your bed when you were a kid and will bankrupt you. Another good time to buy points (although it’s costly and may not be sustainable long term) is to buy off the 3. With such a high percentage of football final score margins landing on 3, a sharp bettor/wiseguy can oftentimes gain an advantage. For those inquisitive about the Bookmaker end of the deal, in his perfect world, you would bet the Packers, and I would bet the Cowboys for the same amount.

There’s always luck and chance involved in sports betting, but understanding how to read odds helps you make an informed bet. If you believe an outcome is more likely than the implied probability, you have an optimal chance of winning a return on your wager. In a perfect world, sportsbooks and oddsmakers would draw perfectly balanced betting action on both sides of a point spread. This alleviates a sportsbook’s or oddsmaker’s need for one side to win.