What Are Prop Bets? Betting Props Explained

Boxing odds are written in money lines rather than fighter odds because, in boxing, the odds aren’t always a whole number. Understanding money lines is an important first step to reading boxing odds. Odds of 5/1 would result in you being paid $500 in net profits (total return including your original wager would be $600). Odds of 5.0 would result in you being paid $500 in total . You would return £275.00 if all 3 horses won their races, which is made up of £260.00 profit and your initial £15.00 stake.

Moneyline Betting

Deciphering the different terms and figuring out how to bet on a team may feel like reading hieroglyphics at first. Once you know the terminology and basic strategy of Vegas odds, however, you’ll be able to bet with confidence. Betting odds can appear daunting at first glance but they are actually quite straightforward to calculate.

How Do I Work Out How Much My Bet Pay?

This indicates that a funny post selection has a good chance of winning. Short odds will be where you wouldn’t receive a large return for your investment. For example, a horse at 6/4 would be considered short odds.

You could also bet on three risks for a small stake and win a ton of cash. We already discussed how to calculate parlay odds, but it’s another story if you want to understand them. This is critical because it will help you decide how much risk you want to utilize for parlay betting. Same game parlays are great because you can combine traditional lines and odds with prop bets. Same game parlays are easier to hit because you can come up with a pregame narrative.

Just like any other format, it is all personal preference. It is also easy to convert American Odds to fractional or decimal odds and can easily be done using our online odds converter. Following the tips in this helpful guide can take you from wondering, “how do odds work? Remember how to read odds and the formulas for determining the implied probability from each. Once you have that implied probability, you can place your wagers accordingly.

Of all the options, this one is the easiest to calculate your potential payout. That indicates how much your return will be if the bet wins. So, if you risk $100 on an event that offers 1.50 odds, you will get $150 in total (100 x 1.5).

Bet £5, Get £20

The most standard wager merely involves choosing a winning side. However, there are plenty of other ways to bet and factors to consider. From major sports such as NFL betting and NBA betting to niche offerings such as cricket and rugby, you’ll find plenty of wagering opportunities available.

If you wanted to place a bet on Mo Salah, you would receive £280 plus stake for every £100 bet. This would give you winnings of £11 if Mane did score first in the game. The lower the number, the more favoured the outcome of the selection. The higher the number, the less chance of the selection coming through in the eyes of the bookmaker.

A bet on the Dolphins will see you win if either the Dolphins win, or if they lose by four or less points – once again $110 will win you $100 here. In the example above, Ohio State is playing at home and is predicted to win by a touchdown and an extra point over Michigan, which is indicated by the -7. The name of the game with the spread is to correctly predict which team will “cover” – not necessarily which team will win. On the other side of the ledger is Chicago at +6, this means the Bulls are “getting” 6 points (or are 6-point underdogs).