Consensus — The general agreement about something. In sports betting consensus could be the most popular teams bet or line available for a game. Contrarian — Betting against the trends of the mainstream popular opinions. Bettors usually place contrarian wagers when there is value on the opposite opinion.
Dead Heat — Another way to say that there is a tie in a finishing position. Sportsbooks have different rules on how to pay in the event of a tie or dead heat in an event. Decimal Odds — This is a different way to present odds than Americans are used to. The math is easier to figure out for most bettors than US moneyline odds. Decimal odds are derived from a simple calculation of the amount bet x odds.
For example, Vegas Golden Knights vs. The difference of 10 dime line is the traditional profit margin for sportsbooks. Double Chance — This is a European sports betting term mostly used for soccer betting. A double chance wager allows the bettor two opportunities to win a bet.
For example, a result in soccer can be a win, loss, or tie. A double chance bettor may combine two of the three results instead of just one. This gives the bettor twice the chance to win the wager. Double Pop — A European way of saying that a bettor will bet twice the normal amount.
In the US this is known more often as doubling up. Early Cash Out — A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay. Even Money — A wager that pays the same as was risked. Exacta — Choosing horses to finish first and second in a race. This is sometimes, but rarely, offered for other competitive sports. Exotic Wager — These are non-traditional sports bets.
This kind of wager is often listed as a prop bet in a sportsbook. Expected Value — This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value EV bets over time is a good way to become a winning sports bettor. Exposure — The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another. First Half — A derivative bet that can be placed on a sport that has two halves.
Football and basketball are the most popular sports to place a first half wager. Fixed Odds — These are the odds that most sports bettors will experience. Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same. The wager is usually a percentage of bankroll but could also be a fixed dollar amount.
Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player. Handle — The amount of money a sportsbook or sportsbooks take from wagers.
This could be broken down by sport, region, casinos, and more. Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager. Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3. Joint Favorite — When there are two favorites for an event. This is mostly used in England.
Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s.
This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner. Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread.
The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game. Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit.
This is a popular technique employed in new legal US sports betting markets as promotional offers are available. Novelty Bet — Placing a wager on a non-sports event with a sportsbook. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event.
They often have very low odds paying much less than the amount wagered. Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board. This often happens when a player is uncertain to participate because of an injury. Public Betting Percentage — This is the percentage of wagers placed by the general betting public. Puck Line — This is a point spread of sorts based on goals scored during a hockey game. The base puck line for a game is often plus or minus 1.
Sportsbooks might offer an alternative puck line with more or fewer goals scored. These include:. By the same token, you should avoid reading too much into form indicators that highlight poor performances in one to three recent races. With the above in mind you should use quick form to scan a race card and identify two or three horses on the card who you think have a shot in the race. Once you have this information you can conduct more in-depth research into each horse. If this sounds like too much hard work, you can rely on expert tipsters to assist you in making your picks.
Quick form is printed near the racehorse name on every race card that is published online or on printed cards at betting shops. Horse form only shows up to the six most recent races run by a horse. This means that for horses just starting their careers, the form will show all their races. However, for the majority of horses it is only an indication of their last six results. The best free horse racing form guide in the UK is the Racing Post, which is also accessible online.
The standard quick form is displayed on every race card at the Racing Post. You can also click on each horse name to access its full race record, which in turn links to full results for every race a horse has run. There are a number of apps and programs out there that claim to be able to crunch the numbers to help you identify horses to bet on. Many websites also have custom form displays that allow punters to access a greater depth of form information in simple-to-understand formats.
Horse race betting and form go together. Without form you have basically no information available to you to determine how a horse will perform in a given race. However, form will be more relevant in some races than in others. For example form is not as relevant in juvenile races, as 2-year-olds usually have a limited race record and can experience major variations in form as they mature over the course of a season.
A — symbol means that the horse took a break from racing between seasons. This symbol can also be placed between two race results to indicate that the races took place in different years. This is typically a break longer than the usual off-season breaks that horse routinely take between racing seasons, and will often follow an injury.
The horse was unable to finish the race due to a collision with another horse that caused it to fall. P , also written as PU , means that the horse was pulled up during the race. PU , also written as P , means that the horse was pulled up during the race and did not complete it. Horses are pulled up by jockeys once they decide the horse should not complete the race for any reason.
F means that the horse fell during the course of the race and was unable to complete it. Note that horses that fall during races may continue running the course without the rider, and that they are considered fallers even if they pass the finishing line. The letter R in form means that the horse refused, or pulled up short of a jump without taking the jump. BD , also written as B , means that a horse fell during the course of a race due to a collision with another horse.
When included in the six figures that make up recent form, C means that the horse was pushed off the designated race course during a race by another horse. When displayed outside of the recent form figures, C means that the horse previously won on the racecourse it is due to run on next. When displayed outside of the recent form figures, D means that the horse previously won over the distance it is due to run next.
CD means that the horse previously won over the same course and distance as the race it will be competing in next. BF means that the horse started its last race as the favourite and was beaten in that race. HR means the horse collided with the guiding rails that run alongside the racecourse and was unable to finish the race as a result. L means the horse was left at start.
In other words the horse either refused, or was unable to, leave its starting position in the race. O means that the horse ran out the course. In other words the horse ran outside the designated course defined for the race using the rails alongside the racetrack. S means that the horse slipped up during the race and was unable to complete it as a result. V means that the result of the race was voided.
In other words something occurred during the race that caused the entire race result to be scrapped and dismissed. How to read horse racing form. What is form in horse racing?
In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party the bookmaker stakes three times the amount staked by the second party the bettor. At the most basic level, betting provides you with the ability to predict the outcome of a certain event. If your prediction is correct, you will win money. For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes.
Whenever you see two numbers separated by a trailing slash, i. From this, you can calculate how likely a given event is to happen with a calculation. Betting odds allow you to calculate how much money you will win if you make a bet. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out.
Traditionally, fractional odds have been used in the UK, especially at racecourses and on the high street. There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake.
The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. These are hard to compute for the punter and are not a great way of showing betting odds explained. You may find that your favourite online betting site presents the odds exactly how you likely them to be.
But sometimes you might need to convert them to understand. Our odds converter tool will allow you see odds in whatever format you like. NFL and College Football: There are two things you need to understand in order to bet on football at the professional and college level. Those two things are the point spread and the money line. A number is applied to a game, with one team favored by that many points, while the opponent is an underdog by that same number of points.
It will look like this:. Above is an football point spread. For Cincinnati to win, they must win the game and do so by a number greater than 4. If the score was Cincinnati, a bet on the Bengals would win by a half-point. All other football bets will take place on the money line, which is simply a way to express odds.
Another popular bet using the money line is when you bet on a team to simply win the game. In the above example, you see a money line. Note: All the different bets in pro and college football are more or less self-explanatory. The key to understanding the bets is to be able to understand the odds.
The standard form of betting is on the point spread, with all other bets expressing odds on the money line. The only real distinction between NBA and college in terms of betting is that the NBA plays quarters, while college basketball games are played in two halves. In the above example, you see a basketball point spread.
The spread is 7. San Antonio at If you bet on San Antonio at A bet on Dallas would win if they won the game straight-up or if they lose by 7 or fewer points. A point spread is a type of handicap. Both sides of an against-the-spread bet pay the same, but the teams are obviously not of the same quality. A point spread evens things out and gives both sides of the bet some wagering appeal.
Most other basketball bets are governed by the money line, which is just a way to communicate odds. Here is an example:. Above you see a money line wager, where you simply pick who will win the game, with no mind being paid to point spreads. With money lines, remember that plus signs mean underdogs and minus signs mean favorites. This form of odds expression is used for all facets of basketball wagering.
The bets themselves are easy to comprehend, but to really understand a bet, you just need to understand the odds. Knowing the point spread and money line will allow you to do that. The two teams in a game are simply given odds. You pick a winner. There are certainly other bets available when wagering on baseball, but they are easy to understand. The only part that might be tricky is the odds, but understanding the money line means you understand baseball betting odds.
A point spread evens things out and gives both sides of the bet some wagering appeal. Most other basketball bets are governed by the money line, which is just a way to communicate odds. Here is an example:. Above you see a money line wager, where you simply pick who will win the game, with no mind being paid to point spreads. With money lines, remember that plus signs mean underdogs and minus signs mean favorites.
This form of odds expression is used for all facets of basketball wagering. The bets themselves are easy to comprehend, but to really understand a bet, you just need to understand the odds. Knowing the point spread and money line will allow you to do that.
The two teams in a game are simply given odds. You pick a winner. There are certainly other bets available when wagering on baseball, but they are easy to understand. The only part that might be tricky is the odds, but understanding the money line means you understand baseball betting odds. Remember these 4 things about the money line and you will be equipped to at least understand how the wagering of baseball works:.
Again, there are a bevy of other bets in baseball other than who will simply win the game. But they all take place on the money line, the key to being able to at least understand baseball betting. Note: Understanding the money line will not only have you ready to understand baseball betting, but it will also mean you understand boxing, MMA, tennis, auto racing, hockey, soccer, and elements of football and basketball wagering.
Free Newsletter: Receive wiseguy plays, betting strategies and special promotions! Cincinnati Bengals Arizona State In the above example, you see a money line. San Antonio Spurs Duke Above you see a money line wager, where you simply pick who will win the game, with no mind being paid to point spreads.
Remember these 4 things about the money line and you will be equipped to at least understand how the wagering of baseball works: 1. Minus means favorite. Plus means underdog. Pittsburgh Pirates In the above example, you see a money line. Share this article with friends:. Quit wasting your hard earned money!
Make the switch from to odds today You'll be so glad that you did! Click Here! How Do Point Spreads Work? Sports Betting Odds Explained - Most are completely confused when looking at betting lines for the first time. Loot explains what all the plus and minus signs signify and more! Sometimes we forget about the house edge.
Ex: When I flip a coin, it is just as likely that I flip heads as tails. The odds are equal, or one to one. The odds are 80 to Otherwise put, it is four times more likely that it will rain than stay sunny. Because circumstances may change spontaneously, odds may change as well.
They are not an exact science. Read sporting odds as the likelihood that one team, athlete, or horse, will win. The most common use of odds is found when placing a bet on a sporting event. Betting agencies use historical data and team statistics to predict who is more likely to win. Whoever has the highest odds is considered the "favorite.
Remember that lower odds return a higher profit. Betting on the underdog is riskier than betting on a favorite, but a higher risk means a higher potential reward. The "longer the odds," or the less likely, the more money you could win. Learn the vocabulary of odds when betting. Many racetracks and betting establishments will have a booklet or pamphlet helping you learn terminology, but you should understand the lingo before you read odds.
Some of the basic words include: Action : A bet or wager of any kind or amount. Bookie : Someone who accepts bets and sets odds. Chalk : The favorite. Hedging : Placing bets on the team with the high odds, and the low odds, to minimize loss. Line : On any event, the current odds or point spreads on the game. Wager : The money you pay, or risk, on an outcome or event. Part 2 of Know that odds at the track tell you amount of profit you will make per dollar spent.
To determine profit, multiply the amount you bet by the fraction. Understand that fractions greater than one mean a team is an underdog. This makes sense, because you would expect a bet on the underdog to have a higher payout. If you have a hard time with fractions, then see if there is a larger number on top then on bottom. When you bet for the underdog, it is called betting "against the odds.
Part 3 of Know that moneyline bets only concern what team will win the game. Odds are presented as a positive or negative number next to the team's name. A negative number means the team is favored to win, while a positive number indicates that they are the underdog. This means the Cowboys are the favorites, but pay out less money if a bet on them wins. Try out an online to check your math when you first get started. Soon enough it will be second nature, but for now ask a friend or search for a calculator that fits your betting needs.
You also get the money you bet back. To calculate how much profit you make per dollar spent, divide the amount you are going to spend by Multiply this number by the moneyline to see your potential profit. When betting on the favorite, you take less risk, and thus earn less. Like positive odds, you earn back your bet when winning. To calculate profit, divide by the moneyline to find out the profit made per dollar spent.
Part 4 of Notice that point spreads adjust the score for the favorite team. This is easiest to see with an example: If the New York Knicks are playing the Boston Celtics, and Boston is favored to win by a 4-point spread, then a bet on Boston only pays out if Boston wins by more than 4 points.
A bet on New York pays out if New York wins or if they lose by less than 4 points. If the favorite wins by the spread exactly, it is called a "push" and all bets are refunded. In the example, if Boston wins , then it is a push and no one collects a profit. If you see "half-odds" a 4. When the spread is small, moneyline bets are often better since the spread does not indicate a clear underdog. Ask your bookie about the "vig," which determines your potential profit.
Also known as the "juice," the vigorish is the commission charged for placing a bet. Typically the vig is , and you read this number like a moneyline bet see above. Sometimes there are different vigs for each team. Part 5 of If the score is exactly what the bookies set, then the bet is a push and everyone gets their money back.
Make sure to check this with your bookie first, however. The "" means that a football team is favored to win by 13 points. For you to win the bet, the team must win by more than 13 points. Not Helpful 5 Helpful Not Helpful 11 Helpful The should read Not Helpful 10 Helpful Not Helpful 23 Helpful Not Helpful 13 Helpful Not Helpful 1 Helpful 6.