Sandy asks…
Could you explain football betting odds for me?
I’m planning on putting some bets on the World Cup matches through betfair.com, but could somebody help me understand the odds?
France vs. Mexico for example, it says: Back: 2.42, what does this mean? If I bet France to win with that “Back” using $20 I get $28.40 profit it says, is this profit as it says or do I actually only make $8.40 profit?
Thanks.
Chris answers:
This is what’s called “decimal odds”. You will MULTIPLY $20 times 2.42. That equals $48.40. That means you’ll get your $20 back PLUS $28.40 in profit.
Sandra asks…
Please explain NFL football betting odds… How do you read them?
Can someone explain how to read the NFL football betting odds below? I’m not asking for predictions on who will win, but simply how to read these particular odds… Or what the numbers mean. I’m specifically interested in what the -120 and +105 mean
12/28
14:00
315 Kansas City Chiefs +3 -120
316 Cincinnati Bengals-3 +105
38½ ov-106
Chris answers:
12/28 14:00 is obviously the date and time of the game.
315 and 316 is the rotation number.
The +/-3 is the point spread
the -120, +105 and -106 is the juice which is what the sportsbook will charge you to place your bet.
The odds you are showing:
315 Kansas City Chiefs +3 -120
316 Cincinnati Bengals-3 +105
is the pointspread
If you bet on the Chiefs, in order for you to win your bet, the Chiefs cannot lose by more then 3 points and for every $1.20 you bet you wil win $1 meaning if you bet $120 you will win $100.
If you bet on the Bengals, the Bengals, in order for you to win your bet, the Bengals must win by more than 3 point and for every $1 you bet you wil win $1.05 meaning if you bet $100 you will win $105.
For the Over and Under Bet, you can either bet that the total score of both teams will be more than 38½ or less than 38½. The -106 means that for every $1.06 you bet you wil win $1.00 meaning if you bet $106 you will win $100.
You are also missing the MoneyLine bet which is currently:
315 Kansas City Chiefs +120
316 Cincinnati Bengals -140
meaning you are betting on a straight win. So if you bet on the Chiefs to win , you are risking $100 to win $120 and on the Bengals to win you are risking $140 to win $100.
Nancy asks…
Does anyone know a site that lists the betting odds for Ivy League football games?
Does anyone know a website that posts the odds for Ivy League or other FCS (formerly Division I-AA, football games.
Chris answers:
Try scoresandodds.com. They aren’t a bookmaker, just an information site. Aside from that, any bookmaker should have their odds.
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