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Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

Odds will vary between these markets, and even between the same markets at different sports betting sites. Not quite sure what every US sports betting market means? These are the most popular: Straight bet. A straight bet is a single bet on the outcome of a game or sporting event that is determined by a money line or point spread. / bet / present participle betting past tense and past participle bet C1 I or T to risk money on the result of an event or a competition, such as a horse race, in the hope of winning more money: He regularly.

Sports Betting Odds Explained

Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.

American Style Sports Betting Odds

Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:

American Odds

• Matchup Odds
• New England Patriots +120
• Pittsburgh Steelers -140

The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.

Examples:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.

In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

Ready To Start Betting?MyBookie and BetUS are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.

Decimal Style Sports Betting Odds

What To Bet Your Boyfriend

Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:

If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.

If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.

Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

An 'If Bet' is another type of wager that can be made on sports and helps with money management as well as reducing your exposure to big losses. While they can be compared to a parlay, they do not give the requirement that every bet must win in order to be successful, helping you in the short and long term. An If Bet is also different from a straight wager as it a combination of straight wagers by using the winnings of the first bet to bet on the second if the first bet was correctly guessed. Keep reading more below as we will cover the multiple types of If-Bets and help you understand betting odds that fuel them.

What Is An If Bet?

An 'If Bet' is a way to bet on multiple games but by using only one game’s action as your funding. In other words, if bets can only be made after the original wager is made. In short, “if this bet” wins, bet this scenario next. For example, if you place a wager on the original game and it's a winner, an If Bet would require the total payout to be risked on the next wager. If an If Bet is lost, the total payout is subtracted from the last bet made.

While many believe you must use an if bet through an order of games, the timing of the contests bear no merit. In other words, you can have your first selection of your “if bet” as a 4 pm EST game, while the second selection already concluded since it started at 1 pm EST. Simply put, the earlier game will still be wagered on assuming the later game was correctly bet on.

Example Of How If Bets Work

You choose to bet on the Atlanta Falcons, who are set as 3-point favorites over the New Orleans Saints at $110 to win $100. The second wager is one the New York Jets favored by 7 points over the Buffalo Bills at $120 to win $100. If the Falcons win, that entire $210 (the original bet plus the profit) goes to the next If Bet on the Jets. It would be $210 to win $190. If that wager is won, than the profit cash out of $400 is won. The worst that could happen if you lose the second bet after winning the first bet is that only the profit will be lost.

Types Of If Bets Offerd At Sportsbooks

There are two different types of If Bets that can be placed. The first type is an 'If Win Only'. An if win only bet is made only if the first part of the If Bet is won. The second type of wager on an If Bet is an 'Action' wager. An Action bet is made on the second part of the If bet regardless of the win or loss from the first bet.

An 'If-win bet' is the choice of gamblers concerned with money management or those who like to spread their bets around a number of different games. In an if bet, the player wagers a fixed amount on one team, and if that team wins then the original bet amount is passed on to the next matchup, in most cases up to a maximum of seven if-wins.

The reason this type of bet is smart for bettors concerned with bankroll management is that an if-bet can limit your losses even when they're spread across multiple contests, sports, or teams.

Bovada Sportsbook - Best Sports Betting Site For If Bets

It is already known that Bovada has a lot of great bonuses and other things set for players to use to make money so it only makes sense to mention the If-bets here that players can wager on as well. With all the sports that are going on, there is more than other games and betting options for players to look into and use to make money at all times. These are the chances that players get when they sign up for an account Bovada

The if bets are the best on Bovada and there are many reasons why. Them if win bets tell it all and the things are these bets are tag to two games so the only thing that players can do is profit. Being correct on both of your games means big money on Bovada and all it takes is for players to have an account!

BetOnline Sportsbook - Best Sportsbook With For If Bets

When it comes to making a decision on what sportsbook to sign up for, it's clear its BetOnline is the top tier site for players to go to and what makes it easier to choose is the age requirement is 18 and older. The if bets here for favor for the players and many of them have their eyes on them soon as game start to kick off in many sports. For those who don’t know, if bets are when players use one profit to bet on the next wager.

Taking a risk can only make players a lot of money so when it comes to if bets, these have to be played on BetOnline no matter the sport. Most of the time the confidence goes up for players when winning the first part of their bet and that means to take a riskier bet which means more money to payout for winnings. This is huge on BetOnline so take a look!

SportsBetting's Sportsbook - Top Sportsbook With If Bets

All it takes is for a player to get an account with SportsBetting and it will change their life financially in a great way. Sports fans know that games are always going to be exciting so when it comes to placing major bets on them, that makes them even more exciting. This is one of the reasons why fans love sports so much because of the excitement it brings and then some as well.

The if bets are key to players win a lot of money because most of the time you see where one part of the bet wins means that the risk can be increased on the following game of the bet. Making sure that players get in their bets is huge for SportsBetting and most of the time winning is what happens.

Bet Tv Guide

MyBookie Sportsbook - If Bets On MyBookie Top Tier

MyBookie is already one of the best sportsbooks for bettors to sign up for so when they present the if bets as an add-on, it only makes it easier for players to see that this is the best sportsbook out of all options. Knowing that all games in all sports will be exciting when you place a bet on two teams using the winnings on one is more exciting. These games are already exciting for fans so when you can win money on them, that boosts everything up a level.

These bets are huge to most fans and the great thing is when you can use your winnings from the game, that means you can possibly take a bigger risk because of what you have won already. This is what makes if bets so fun to get involved in. So imagine betting on the Yankees to win and then once they do you have a chance to take a bigger risk on the Rays to win their game! More money can be won when it comes to MyBookie!