What Are The Betting Odds?
This is the essence of sports betting and having a basic understanding of the different types of betting odds available to wager on is essential. In this video, we discuss the odds at the most basic level. In upcoming videos, we break down the different types in more detail.
In sports betting, odds refer to who is favored to win and who is favored to lose. The most basic type of odds you’ll find is the spread, which determines a ‘favorite’ based on a point spread. In addition, there are money line odds, which are straight who wins or loses with odds attached. Finally, there are Over/Under betting lines which refer to the amount of points that will be scored in total between both teams. For all of these types of wagers, the odds will determine how much you can win or lose based on the outcome.
Understanding the basic idea of odds helps novice bettors as they first open up your sportsbook of choice. In other episodes of Sports Betting Basics, we take a deeper dive on each type of bets available.
Watch the Episode 2 below with Alex & Ron from DraftFuel where they discuss odds with the novice sports bettor in mind.