What does odds mean in sports betting yahoo answers

In most cases, an over/under bet also comes with an odds-based payout (typically around ), which means it takes a wager of $ to win $ When you make a futures bet, your odds are "locked in." That means if you bet the Redskins atyou will get paid off at odds, even if the sports. Essentially, buying points means that you're going to be able to get a better point spread in exchange for a higher price tag. That. I what does odds mean in sports betting yahoo answers a quick python script that (1) extracted data from the different tables from Yahoo Sports, (2) normalized into a data format, and (3).

The Meaning of Odds in Sports Betting Explained

As fans gear up for another exciting season of sports, many may find themselves delving into the world of sports betting. One common question that frequently pops up on platforms like Yahoo Answers is, "What do odds really mean in sports betting?" Let's break it down and shed light on this crucial aspect of the betting world.

Odds at their core represent the likelihood of a particular outcome occurring in a sports event. They serve as crucial indicators for bettors to assess the potential returns on their wagers.

When you see odds displayed, they usually come in three formats: Decimal, Fractional, and Moneyline. Each format presents the same information but in a slightly different manner.

Decimal odds are perhaps the easiest to comprehend for beginners. They represent the total return you'll receive on a winning bet, including your initial stake. For instance, if you see 2.50 odds, it means you stand to win $2.50 for every $1 wagered.

Fractional odds are commonly used in the UK and Ireland. They consist of two numbers separated by a slash, with the first number indicating potential winnings and the second showing the stake. For example, if you see 3/1 odds, it means a $1 bet could bring in $3 in winnings, plus your initial stake.

Moneyline odds, prevalent in the U.S., are presented as positive or negative figures. Positive figures indicate the potential profit on a $100 wager, while negative figures show how much you must bet to win $100.

Understanding odds is crucial for making informed betting decisions. Apart from the format, odds also reveal implied probabilities. Calculating implied probabilities can aid bettors in assessing the accuracy of odds offered by bookmakers.

Remember, odds are not just numbers; they are the very fabric of sports betting. As you navigate the thrilling world of wagering on sports, grasping the meaning of odds can make a significant difference in your overall betting strategy.

What is buying points in sports betting? And should you do it?

How do you read odds for dummies? Whereas negative (-) odds tell you what you have to bet on the favorite to win $100, positive (+) odds tell you how much you'll win for every $100 you wager on the underdog. So, a team with odds of +120 would pay $120 in profits on a $100 wager.

What do the odds mean on sports bets? Simply put, the greater the odds against a team, the larger the payout will be for anyone who bets on it. For example, 7 to 2 odds mean that for every $2 you wager, you could win $7 if your bet is successful, while 5 to 1 odds mean you could win $5 for every $1 you bet.

What does 500 to 1 odds mean? 500 to 1 means you will receive Five Hundred times your bet. The total will include your bet. Bet $100, win and get paid $50,000, of which $49,900 will be profit (winnings). If the bet were 500 for 1, you would win (profit) $50,000 and get to keep the original $100.

What do odds +150 mean? The team with the plus sign (like +150) is the underdog. The number tells you how much profit you will win if you bet $100. If the number is +150, a $100 bet will win you $150 in profit.

What do odds tell us? For a few examples: If the odds offered on a particular selection are -110, that means in order to 'win' (profit) $100, you would need to wager $110. If the odds are +110, it means that if you wagered $100, you would 'win' (profit) $110.

Yahoo Finance

For you data geeks, here's what I did To understand wins and losses. I wrote a quick python script that 1 extracted data from the different tables from Yahoo Sports, 2 normalized into a data format, and 3 changed the URL to loop through all of the different years. Yahoo Sports only went back to To get the individual game scores and spreads over the past 30 years.

To get the betting odds and to see the outcomes of the individual games, I went to google sports. Similar to my data set above, a simple pyhton script was able to extract all of this data and normalize it. The challenge here is that with all of the different weeks and different seasons and different formats of the pages, this involved a lot of data massaging - after the fact.

To make sure that I was tracking the right franchises. To avoid the data being screwed, I normalized the data to a single franchise ID. Louis Rams. Like most slowly moving dimensions, it seemed much quicker to do it in a spreadsheet. Is Scoring up in the NFL. By how much. This year, teams are averaging In fact, teams scored more points per game in If we look at this trend over the past 30 years, we can definitely see a slow increase over time.

Based on the trend, we can predict an upwards trend into the future. If we drill down to the individual teams, you can easily see the gap in scoring. Through the colors, you see the increase in scoring as you move from top left to bottom right. As an example, the New England averages almost 30 points per game this decade whereas Cleveland has averaged just over You can also see that many of the high scoring teams have always been high scoring and vice-versa.

The two visuals below show every team across every year and it compares points scored vs. If you look at this on a yearly basis, you can see that it gets more accurate each year - which no large fluctuations from year to year. What does odds mean in sports betting yahoo answers Where Are the Gems. Like all things analytics, there are always a few good outliers. For example, it's wise to bet the "under" on KC at home.

And Indianapolis is an "under" at home, but an "over" on the road. While I was able to very easily ask and answer lots of questions in the data, my answers were not very eye-opening. While had a lot of scoring 7. You can't just score a lot to win a Super Bowl. Pay by mail: How sports books usually pay off winning tickets to tourists who make a bet while visiting Nevada, then return to their home state before they have a chance to cash them.

Pleaser: A specialized form of a parlay that improves the point spread for the book but pays off at improved odds. Point spread: The number of points added to or subtracted from a team's actual score for betting purposes. Power rating: A numerical representation of a team's strength for betting purposes.

Public: Average, unsophisticated or casual bettors as a whole; or, used to describe money bet by the public "a lot of public money came in on the Cowboys" ; see "square. Rotation: The official list of all the games on the betting board, presented in a specific order.

Round robin: A specialized form of a parlay that uses every combination of a set of teams in a wager. For example, there would be six two-team parlays within a four-team round robin. Scalp: A form of a middle in which you bet both sides in a game, taking advantage of line movements to secure a profit. Sharp: Savvy, highly informed; or, used to describe the money bet by sharp players "a lot of sharp money came in on the Eagles".

Side: A variation of a middle in which you win one bet and push the other; also, a particular team in a match-up. Square: An unsophisticated or casual bettor, the opposite of a wise guy; see "public. Takeback: On a money line, the price of the underdog. In baseball, if the favorite is minus , the "takeback" on the underdog is often plus Teaser: A specialized form of a parlay that improves the point spread for the bettor but pays off at reduced odds.

Totals: A type of wager that involves whether a score or result will go over or under a posted number. Tourist: A typical visitor to Las Vegas, almost always used as another way to say "square. With a cent line, if the favorite is minus , the underdog is even money.

Underdog: A team or player that, according to the odds, is the weaker or among the weakest in a given match-up, or is regarded as such by the betting public, or is expected to lose. Wise guy: A sharp, successful, established professional sports bettor. Wood: The price of a heavy favorite.

If you bet the Red Sox as a minus favorite, you "lay the wood" with the Red Sox. Your personal data will be processed and information from your device cookies, unique identifiers, and other device data may be stored by, accessed by and shared with TCF vendor s and 63 ad partner s , or used specifically by this site or app. Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below.

Look for a link at the bottom of this page or in our privacy policy where you can withdraw consent. Cookies, device or similar online identifiers e. Advertising presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type or which content you are or have been interacting with for example, to limit the number of times an ad is presented to you.

Information about your activity on this service such as forms you submit, content you look at can be stored and combined with other information about you for example, information from your previous activity on this service and other websites or apps or similar users. This is then used to build or improve a profile about you that might include possible interests and personal aspects.

Your profile can be used also later to present advertising that appears more relevant based on your possible interests by this and other entities. Advertising presented to you on this service can be based on your advertising profiles, which can reflect your activity on this service or other websites or apps like the forms you submit, content you look at , possible interests and personal aspects.

Information about your activity on this service for instance, forms you submit, non-advertising content you look at can be stored and combined with other information about you such as your previous activity on this service or other websites or apps or similar users. This is then used to build or improve a profile about you which might for example include possible interests and personal aspects.

Your profile can be used also later to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests.

Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services for instance, the forms you submit, content you look at , possible interests and personal aspects. This can for example be used to adapt the order in which content is shown to you, so that it is even easier for you to find non-advertising content that matches your interests.

Information regarding which advertising is presented to you and how you interact with it can be used to determine how well an advert has worked for you or other users and whether the goals of the advertising were reached. For instance, whether you saw an ad, whether you clicked on it, whether it led you to buy a product or visit a website, etc.

This is very helpful to understand the relevance of advertising campaigns. Information regarding which content is presented to you and how you interact with it can be used to determine whether the non-advertising content e. For instance, whether you read an article, watch a video, listen to a podcast or look at a product description, how long you spent on this service and the web pages you visit etc.

This is very helpful to understand the relevance of non-advertising content that is shown to you. Reports can be generated based on the combination of data sets like user profiles, statistics, market research, analytics data regarding your interactions and those of other users with advertising or non-advertising content to identify common characteristics for instance, to determine which target audiences are more receptive to an ad campaign or to certain contents.

Information about your activity on this service, such as your interaction with ads or content, can be very helpful to improve products and services and to build new products and services based on user interactions, the type of audience, etc. This specific purpose does not include the development or improvement of user profiles and identifiers.

Content presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type, or which content you are or have been interacting with for example, to limit the number of times a video or an article is presented to you.

Your data can be used to monitor for and prevent unusual and possibly fraudulent activity for example, regarding advertising, ad clicks by bots , and ensure systems and processes work properly and securely. It can also be used to correct any problems you, the publisher or the advertiser may encounter in the delivery of content and ads and in your interaction with them.

Certain information like an IP address or device capabilities is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device. Information about your activity on this service may be matched and combined with other information relating to you and originating from various sources for instance your activity on a separate online service, your use of a loyalty card in-store, or your answers to a survey , in support of the purposes explained in this notice.

In support of the purposes explained in this notice, your device might be considered as likely linked to other devices that belong to you or your household for instance because you are logged in to the same service on both your phone and your computer, or because you may use the same Internet connection on both devices. Your device might be distinguished from other devices based on information it automatically sends when accessing the Internet for instance, the IP address of your Internet connection or the type of browser you are using in support of the purposes exposed in this notice.

With your acceptance, your precise location within a radius of less than metres may be used in support of the purposes explained in this notice. Vendors can use your data to provide services. Is mobile sports betting legal in nevada Declining a vendor can stop them from using the data you shared.

Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Precise location data, Privacy choices, Authentication-derived identifiers, Probabilistic identifiers. Data collected and processed: IP addresses, Browsing and interaction data, Probabilistic identifiers. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Device identifiers, Precise location data, Privacy choices.

Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Precise location data, Privacy choices, Probabilistic identifiers. Data collected and processed: IP addresses, Device characteristics, Browsing and interaction data, Privacy choices. Data collected and processed: IP addresses, User-provided data, Non-precise location data, Browsing and interaction data, Device identifiers, Probabilistic identifiers.

Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Privacy choices, Probabilistic identifiers. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Device identifiers, Precise location data.

Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Privacy choices.

Data collected and processed: Device characteristics, Non-precise location data, Browsing and interaction data. Data collected and processed: IP addresses, Device identifiers, Precise location data. Data collected and processed: IP addresses, User-provided data, Device characteristics, Browsing and interaction data, Device identifiers, Privacy choices, Authentication-derived identifiers, Probabilistic identifiers.

Data collected and processed: IP addresses, Device characteristics, Device identifiers. Data collected and processed: IP addresses, Browsing and interaction data, Device identifiers, Privacy choices. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Probabilistic identifiers.

Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Privacy choices, Authentication-derived identifiers. Data collected and processed: IP addresses, User-provided data, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Privacy choices, Authentication-derived identifiers.

Data collected and processed: IP addresses, Non-precise location data, Browsing and interaction data, Privacy choices. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers. Data collected and processed: IP addresses, User-provided data, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Privacy choices, Probabilistic identifiers.

Data collected and processed: IP addresses, Device identifiers, Privacy choices, Authentication-derived identifiers. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Privacy choices. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Privacy choices.

Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Privacy choices, Authentication-derived identifiers. Data collected and processed: IP addresses, User-provided data, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Precise location data.

Data collected and processed: IP addresses, Device characteristics, Browsing and interaction data, Device identifiers, Privacy choices, Authentication-derived identifiers. Data collected and processed: IP addresses, Device characteristics, Device identifiers, Precise location data.

Data collected and processed: IP addresses, User-provided data, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Privacy choices. Data collected and processed: IP addresses, Device characteristics, Browsing and interaction data, Device identifiers, Privacy choices.

Data collected and processed: IP addresses, Non-precise location data. Data collected and processed: IP addresses, Device characteristics. What does odds mean in sports betting yahoo answers Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Device identifiers, Probabilistic identifiers. Data collected and processed: IP addresses, User-provided data, Device characteristics, Non-precise location data, Browsing and interaction data, Privacy choices.

Data collected and processed: IP addresses, Device characteristics, Browsing and interaction data, Device identifiers, Probabilistic identifiers. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Device identifiers. Data collected and processed: IP addresses, Device characteristics, Privacy choices. Data collected and processed: IP addresses, Device characteristics, Non-precise location data, Browsing and interaction data, Device identifiers, Precise location data, Authentication-derived identifiers, Probabilistic identifiers.

Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date. End date. Bankroll: Total capital available for betting sports. Buck: See "dollar. Chalk: A favorite, usually a heavy favorite. Chalk eaters: Bettors who like to bet big favorites often a derogatory term. Dog: See "underdog. Freeroll: A bet you can win or push but not lose. Hook: A half-point in the betting spread.

Juice: See "vigorish. Limit: The maximum wager accepted by a sports book. Line: The point spread or odds on a game or event. Long shot: Big underdog. Pick 'em: An even match-up, a game with no clear favorite. Player: A sports bettor. Price: See "line.

Pup: See "underdog. Rundown: A reading of all the games and betting lines on a particular day. Runner: See "beard. Straight: A single bet, usually laying to win Vigorish or vig : The commission charged by the bookmaker. Welcome This site asks for consent to use your data.

Manage your data. You can choose how your personal data is used. Vendors want your permission to do the following:. View details. Use limited data to select advertising. Create profiles for personalised advertising. Use profiles to select personalised advertising. Create profiles to personalise content.