The typical number is -110, which means you have to bet \$110 to win \$100. However, there are states where odds are worse in order to get the state more money such as -115 or -120. This is also called the vig, which is the amount the sportsbook charges per bet.

• The odds on display never reflect the true probability or chance of an event occurring .
• Fractional odds are used more commonly in parts of Europe, as well as in horseracing.
• Generally spread soccer wagers attempt to balance out lopsided matchups by giving the underdog a headstart in goals.
• This can be useful to the beginning card counter, as practicing at home before putting it in action in the live casino setting is recommended.

In these three examples, a winning bet of \$200 USD would result in a total payout of \$300 USD, \$500 USD or \$850 USD, which are simply the amount multiplied by the decimal shown in the odds. Decimal odds must be higher than 1.00, or even a winning bet would result in the gambler losing money. This method of displaying sports odds is popular in Canada, continental Europe and Australia. One common way for bookmakers in the United States to display sports odds is to show either a plus sign (+) or minus sign (-) followed by a number. For example, the odds for betting on a favorite might be displayed as -120, which means that a gambler must bet \$120 USD to win \$100 USD. The odds for betting on an underdog might be displayed as +115, which means that for a winning bet of \$100 USD, the gambler would make \$115 USD.

## Dangers Of Financial Spread Betting

The payouts for the moneyline wagers vary depending on the respective Martingale Trading Strategy competitors’ perceived strength in the betting market. It’s not as simple as betting good teams to beat bad teams because the payouts on the moneyline reflect the situation. That is, you’ll risk a lot to win a little, “laying” the sportsbook a price. Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered.