European Sports Betting
odds  |  multiple bets
pools and totes  |  Asian handicaps

North American Sports Betting
point spread wagers  |  money line wagers (odds)
total score (over-under)  |  parlays (multiples)
teasers  |  if bets

Sports Odds Bets - Sports Betting

This section of the Sports Gambling Tutorial on Sports Betting provides an explanation of odds bets in sports betting.  In a sports odds bet, you receive odds based on the expected outcome of an event.  If two teams have an equal chance of winning an event, the odds are basically 1 to 1.  This is what is known as an even money sports bet.

If you want to place a sports bet on the team less favored to win, you will receive more favorable odds.  For example, if you bet £10 on the underdog team to win and you receive sports odds of 4 to 1, you will win £40 (plus the return of your £10 sports bet).

If you want to bet on the team favored to win, you will receive less favorable odds.  For example, if you bet on the favorite team to win and you receive sports odds of 3 to 5, you would win £3 for every £5 you bet (plus the return of your original sports bet).

The sports odds for any event may be displayed as either a fraction or a decimal.  As in the above examples, a fraction shows how much you will win exclusive of your original sports bet which you also get back.

A decimal shows how much you will get back altogether including your original sports bet.  For example, if you place a bet at odds of 2.40, you will receive £240 for every £100 wagered.  The £240 return includes your original £100 and your sports betting profit of £140.

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