Best early NFL bets to make now: Bears, Colts to win their divisions. The NFL Draft is over, so it's time to start thinking about the upcoming season. Jason. Jody Demling has revealed his win, place and show picks for the Kentucky Derby on Saturday, May 4. You can also win odds on props like who will win MVP, or over/under on how many home runs or hits certain players will have in a season. *Bets and betting odds data. We only have six months until the US Presidential Election. Bettors are backing Donald Trump to win the Election over Joe Biden.
These are more commonly used outside the US when the fractions used in fractional odds get a bit ugly. The decimal odds would be listed at 1. Multiply the odds by the bet and you get the return that would include the original bet. Much easier, right. This is a case where decimal odds can be better. However, they are presented, being able to convert your odds into a break-even percentage is a crucial part of understanding what is actually a good bet.
If you think the likelihood is higher than that, it is a good bet. This is similar to pot odds in poker, for example. Think of a coin flip. You know you know have a one-in-two chance of heads coming up. Slingshot gives a percentage chance of an upset happening. That percentage can be compared to moneyline odds , once you convert the odds to a percentage.
If the model thinks the odds are significantly better than what the bet is offering, and you trust the model, this can be a useful tool in whether to decide to place a bet or not. Get all-access to exclusive stories. Subscribe to The Athletic for in-depth coverage of your favorite players, teams, leagues and clubs. Try a week on us.
Dan Santaromita is a senior editor for sports betting at The Athletic. He is a University of Missouri graduate who resides in Chicago. Win odds Live News. Premier League. Champions League. European Championship. Copa America. La Liga. Europa League. International Football. Serie A. Women's Football. Formula 1. League One. League Two. Sports Business.
College Sports. Men's World Cup. Women's World Cup. The Athletic Ink. Understanding sports betting odds and how to read them. There are eight total fields on this calculator, though you only need to fill out two , and the rest will auto-populate. Now, you only need to fill out one of these four fields to populate the rest of the calculator.
If you enter the American odds, the rest of the odds types will be filled out, plus the payouts. Lastly, you'll get the "to win" amount and the total payout at the bottom. These will auto-populate, and you can't edit them. This is the money you stand to win from the bet you entered. When you decide to bet on something, it is important to have a grasp on a few things.
These are listed below:. Implied odds and true odds are important in determining if you are making a bet that has good value. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet. Implied odds are the conversion of a sportsbooks offered odds into an implied win probability.
A spread bet in football is normally offered at on both sides of the bet. This gives both outcomes a win probability of The implied probability of this spread bet winning would be True odds are the odds that a bettor gives a certain outcome to happen. Let's use the above bet of for both outcomes on a NFL spread bet.
We know that both outcomes have an implied probability of If that same outcome has a true probability of This seems easy, but how do you find true odds. Essentially, true odds are subjective. However, one person can calculate true probability by using predictive models.
This is where handicapping comes into play. North Carolina sports betting will be live on March 11th. Panthers fans, you can use our odds calculator to calculate the implied odds of Carolina winning this matchup against the 49ers. In this scenario, the implied probability that the book is giving for the Carolina Panthers to win is The odds for the San Francisco 49ers to win this matchup is If you are able to calculate true probability, you can use those odds to make an informed decision on who to bet on.
It is important to note that if your true probability is higher than the implied probability that a sportsbook is giving you, then that is a valuable bet. Creating an accurate predictive model can take years to perfect. This is not something that everyone can take advantage of, but if you are looking for a place to start you can check out the resources we have on our betting education page.
Be sure to shop around at different books and get the best odds possible. The difference of and can save you a lot of money over the course of your sports betting career. Golf betting handicapper For those wondering which North Carolina betting apps will be available on March 11th, be sure to follow the link and check it out!
Be sure to visit our best sportsbooks hub for information on all of the books our team has reviewed. US Betting.