So, you've found OddsChecker, your home for all things sports betting, and you know we have the very latest odds from every legal sportsbook. The only problem is, you don't know what you're looking at when it comes to odds, lines and numbers in sports betting.
Luckily for you, we're here to help. Here, we'll break down exactly how to read the sports betting odds on OddsChecker, where to look to find certain things and how you can better shop for the very best price around using the site.
Looking for a video intro to reading odds on OddsChecker? Look no further as Jamie Kelton joins us to make it easy to make sure you're getting all the information and odds you need.
If legal sportsbooks in the United States are offering odds on a certain sporting event or market, you can find it on OddsChecker, you just need to know where to look. In order to find our odds on the home page, click "A-Z sports" along the top left:
Once you've clicked "A-Z sports" a blue drop-down menu will appear. Here, you'll see every single event available from a betting perspective, from the NFL to the Oscars. All you need to do is find the category for which you need odds and click. For this, we're using MLB.
Once you click the event or league you are looking for, you'll be brought to the odds grid for said odds. Here, you'll find every game/future market you need in order to find which sites are offering the best price. There are not only daily game odds, but player props and specialized market are also available through OddsChecker.
At OddsChecker, we strive to make reading and interpreting our odds as easy as possible so bettors can identify the best odds and maximize their profit, no questions asked. Reading sports betting odds can be a bit tricky, but once you get the hang of it, it's quite simple.
Moneyline odds are simple to understand. A Moneyline bet is a straight wager on which team/player you think will win an event. So, if you take the Kansas City Chiefs moneyline against the Las Vegas Raiders, you're betting the Chiefs will beat the Raiders, regardless of the score.
With every bet you place, there will be odds. American odds are based on a $100 wager. So, if you bet a team on the moneyline and their odds are -110, you'd have to bet $110 dollars in order to win $100. Any team that is listed with - odds is considered the favorite or "odds-on".
However, if a team is listed with + odds they are considered the underdog and any wager that is + is showing the amount of money you'll win on a $100 wager. For instance, if the Detroit Tigers are +172 on the moneyline to defeat the Cleveland Indians, a $100 wager wins you $172.
Here is where the moneyline odds can be found on the OddsChecker odds grids:
Betting with or against the spread is very popular in sports betting. It allows you to take a favorite or underdog separate from the moneyline in order to improve your odds or get points.
Say you want to bet the Portland Trail Blazers to beat the Pistons, but at -305 odds on the moneyline, it just doesn't make sense to back the Blazers. What sportsbooks do is create a point spread in order to entice bettors to back certain teams. Then, they assign odds to these point spreads.
So, if you don't want to take the Trail Blazers at those terrible odds, you can back them at -7.5 points with -105 odds. Basically, you will subtract 7.5 points from Portland's final score, if they still outscore their opponent, in this case the Pistons, you win. If not, you lose the wager, even if the Trial Blazers won the game outright.
Total betting is much simpler than point-spread wagering. In short, a total wager is placed on whether or not you think the total points in a given game will go over or under a certain amount, set by sportsbook. As with the moneyline and point-spread wagers, odds are then assigned to a certain outcome.
So, if the total for a given NBA game is set at 225.5 with odds of -105 on the over and -110 on the under, and you bet on the under, you're wagering that you the game's total points will stay under 226 points.
Here is how it looks on the OddsChecker grid:
And that is the basics for how you read odds using OddsChecker. No matter what wager or market you're looking to find, we guarantee you'll find the best price using our grids.
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