what are the types odds and spreads in sportbetting?

Question

WHAT ARE THE TYPES OF ODDS AND SPREADS AS APPLIED SPECIFICALLY TO SOCCER-ALL KINDS OF SOCCER

WHAT ARE THE TYPES OF ODDS AND SPREADS AS APPLIED TO ONLINE SPORTSBETTING IN SOCCER-ALL KINDS OF SOCCER

Answer 1

In sport betting there really is only two types of odds and one type of spreads.

In spreads the idea is to take an educated guess as to give two teams a 50/50 chance to win.
Half of the time one team will win beat the other team by 7 points, thus the spread is 6 1/2. If you bet the underdog and they lose by only 3 points,you still win your bet.

In almost all sports betting and is Pari-mutual, betting among your selves. This also apply in state lottery.
Its all in the math. In simple terms you take all the bets, minus the percent to the house. and then take the winning bets and divide to all the losing bets and that is your odds.

lets say in horses, there is $100,000 total in wins bets and the total amount of wages $1,000,000 then the odds in just about 8 to 1. $100,000 * 8 = $800,000 + $100,000 of wining bets= $900,000 + $100,000 to the house = $1,000,000

There is also fix odds but they are almost always at tables. In that case you take true odds minus what the house takes. Lets do Roulette, one number. There is 38 spots 1/38 but if you win your spot you get $36 (1 TO 35 or 1 FOR 36). the house profit is the differets of the 35 from 38 or a profit of $3 for every $38

other examples can be found at.

http://en.wikipedia.org/wiki/Parimutuel_betting
http://en.wikipedia.org/wiki/Fixed-odds_gambling
http://en.wikipedia.org/wiki/Spread_betting

Answer 2

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Answer 3

The point spread in sports betting is also called the "side".
A major alternative to this kind of bet is to wager on "the money line". The money line has a greater or lesser payout based on odds calculated by the house. An NFL bookmaker might write a game up on the board like this:

402 RAIDERS +9 +350
403 CHARGERS -450

Where the first number is the 'game number' for easy computer entry; the +9 (side) lets you know that you can get an even money bet on the score for the Raiders, plus 9 points, to be higher than the score for the chargers; and the last number listed is the money line, telling you that $100 bet for the Raiders will pay you $350 if they actually win the game, but the same bet for the Chargers will cost you $450 to win $100. (The house takes a big cut on these bets- these numbers are pretty realistic, though purposefully inaccurate.)

I hope you have a better understanding of sports betting now. :)

Come to Vegas and try it!

Answer 4

Basically, there are no variations of neither odds nor spreads. It is the "method of represantation" of odds that varies from system to system.

There are three "methods of representing" odds, namely, the American method, the European (or Decimal) method, and the UK (or Fractional) method. For an encounter between two equally competetive contestants, for example, the American method will put the odds as -110, which means that you need to wager $110 in order to win $100. In the European method, the same odds are represented as 1.91, which translates as: for every unit of money (Dollar, Peso, Lira, etc.) you wager, you'll enjoy a return of 1.91 units of money. So, if you wager $110, your returns would be 1.91x$110 = $210, thus winning $210-$110 = $100. Finally, the UK represantation cites the same odds as 10/11, which translates as, for every 11 money units you bet, you'll win 10 units, and therefore, for $110 wagered, the winnings will be 10/11x$110 = $100.

You see? different reprentations (-110, 1.91, 10/11), all with the same result.

A naturally follow-up question would be "what if the contestants are not of equal strength?" In this case, the odds will be lower for the stronger contestant and higher for the weaker one. If the odds are too low for the stronger contestant, say 1.2, it is highly unlikely that anyone will risk $100 in order to win a miserly $20. On the other hand, some die-hard fans or a few high-risk gamblers will certainly bet on the weaker contestant since the payout is lucrative if it wins. In asmuch as the principle of betting is to balance the bets on both sides, the bookmakers have devised a concept known as the SPREAD.

Spreads, also known as lines, are assigned values of scores intended to equalise the strength of the contestants. For instance, in the upcomming Americam College Football Championship game, a supposedely weaker team Florida will be facing the mighty Ohio State team. Having assesed the disparity in the strenght of the two teams, the line-makers have assigned a value of 8 as the spread. It is written as Florida +8 and Ohio State -8. This means that anyone betting on Florida (including yours truly) would win the bet if Florida wins the game or even loses by upto 8 points. To win a bet on Ohio State, the team has to win by 8 or more points. If Ohio State wins the championship by a touchdown (7 points), then, it is the bettor on Florida that wins the bet, and not the one on Ohio State.

Well, the bottom line is that there is only one type of spreads, and only one type of odds, but represented in three diffent ways. I am 1.78m tall. In America they tell me that I am 5'10'', somewhere else they may say that I am 70 inches tall. Same height, different representations. It is like - I say "pote-to", you say "pota-to".

Answer 5

In sportsbetting you will be faced with parlay options as well. If you do a parlay manually then you will take all of your winnings and your original bet from one bet and place it on another. If you have a choice then you should make parlays in this manner. This way you can opt out of the parlay and take your winnings. You can also make a parlay in which you are locked into. You would only choose to do this if the games are happening at the same time or you can't get to your betting site or bookie to make a new bet in time for the next game.

Answer 6

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Answer 7

A woman in spread eagle perhaps is at the top of the list.

Answer 8

Sports betting systems are sets of events that when combined for a particular game for a particular sport represents a profitable betting scenario

Answer 9

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