Welcome to Doc's Sports Service Sportsbook Banner
spacer  
spacer spacer
Welcome to Doc's Sports Service spacer
Welcome to Doc's Sports Service Welcome to Doc's Sports Service
Welcome to Doc's Sports Service
Click Here to Purchase Doc's Picks
Baseball Picks   |   Hockey picks   |   NBA picks
Football Picks   |   NFL Picks   |   Soccer Picks
spacer



Live Lines and Odds NFL Odds
spacer
College Football Odds
spacer
NBA Odds
spacer
College
   Basketball Odds

spacer
MLB Odds
spacer
NHL Odds
spacer
WNBA Odds
spacer
CFL Odds
spacer
Boxing Odds
spacer
Golf Odds
spacer
Soccer Odds
spacer
Week 7 NFL Odds
spacer
Doc's Rotation
spacer

Free Picks by Sport Free NFL Picks
spacer
Free College Football Picks
spacer
Free MLB Picks
spacer
Free NASCAR Picks
spacer
Free NBA Picks
spacer
Free College Basketball Picks
spacer
Free NHL Picks
spacer
All Free Picks
spacer

Handicapping Matchup Reports NFL
spacer
NCAA Football
spacer
NBA
spacer
NCAA Basketball
spacer
MLB
spacer
NHL
spacer

Scores NFL
spacer
NCAA Football
spacer
NBA
spacer
NCAA Basketball
spacer
MLB
spacer
NHL
spacer

Schedules NFL Schedule
spacer
College Football Schedule
spacer
College Basketball Schedule
spacer
MLB Schedule
spacer
NBA Schedule
spacer
NHL Schedule
spacer
Monday Night Football Schedule
spacer

Upcomming Event Coverage 2014 Heisman Trophy Odds
spacer
MLB Futures Odds
spacer




Sportsbook Banner
spacer
spacer
Home
spacer
View Picks
spacer
Why Doc's Sports?
spacer
Our Betting System
spacer
Sports Betting Strategy
spacer
Message from the GM
spacer
Our Commitment
spacer
Customer Comments
spacer
Free Picks
spacer
Contact Doc's
spacer

The Advisory Board
Our Commitment
spacer
Doc's Sports
spacer
Robert Ferringo
spacer
Allen Eastman
spacer
Raphael Esparza (VSI)
spacer
Indian Cowboy
spacer
Jason Sharpe
spacer
Strike Point Sports
spacer
Mike Davis
spacer

Betting Systems
11th Hour Sports
spacer
The Prop Machine
spacer

Recomended Sportsbooks Bovada Sportsbook
spacer
5Dimes Sportsbook
spacer
BookMaker
spacer
Sportsbook
spacer
Carbon Sports
spacer
WagerWeb
spacer
BetOnline Sportsbook
spacer
GT Bets
spacer
SportsBettingOnline.ag
spacer
Sportsbook Bonus
spacer

Handicapping Resources
Mobile Website Directions
spacer
Weekly NFL Survivor Pool Picks
spacer
NFL Power Rankings 2014
spacer
NFL Office Pool Picks
spacer
Sports Betting Money Managment
spacer
Handicapping FAQ
spacer
Sports Betting 101
spacer
How To Betting Articles
spacer
Sports Betting Tips
spacer
Parlay Calculator
spacer
Sports Betting Systems
spacer
Parlay Cards
spacer
Gambling Terms
spacer
2014 Archives
spacer
2013 Archives
spacer
2012 Archives
spacer
2011 Archives
spacer
2010 Archives
spacer
Doc's Affiliate Program
spacer
Doc's Writer Bios
spacer
Doc's rss feedDoc's RSS feed



spacer
spacer

Understanding Sports Odds
by Spencer Patton - 11/21/2008

Remember when we all thought "when are we ever going to use this math" while we were in school? Well, here's one of those rewarding chances to do some simple math, yet have it pay you in real dollars. Understanding sports odds is the first essential step in making an informed sports wager.

50% Match Play Reward
Reduced Juice Wagering
Click Here to signup with 5Dimes

Step 1: Identify the type of line you are looking at. All online sports books offer you the chance to have your lines in an "American" or "Money line" version. If I were you, I would use this as my standard. An "American" line uses either a + or - before a number to indicate odds. So a -120 and a +120 are two very different odds on a team… I will explain the differences shortly. Two other less common variations exist: decimal odds and fractional odds.

Briefly:

--Fractional odds are most commonly found in racing. A 10/1 payout should be read "$10 paid for every $1 wagered." When the bigger number is on the left, you will find that bet is normally an underdog in the race. Also note, however, that in case such as "Who will win the Super Bowl in the NFL?" you will see all the teams listed as "underdogs"… i.e. paying at least 2/1 (some up to 300/1 or more).
--Decimal odds are largely used in Europe. Essentially, unless you are forced to use these, do not. For 99 percent of bettors today, American/Money Line or Fractional odds will serve much better.

Step 2: Identify the favorite. Lines with a - before the number (i.e. -200) indicate the favorite. A -200 should be read as: "For every $200 wagered, I win $100." When there is a negative sign, the line should always be read with relation to 100. That does not mean you have to bet that much, it's just easiest to understand! When a + sign is present, just reverse the reading, always keeping reference to 100:

Examples:

1) -150: For every $150 wagered, I win $100 ($50 wagered would win $25).
2) +300: For every $100 wagered, I win $300 ($50 wagered would win $150).
3) 100 (can be either +/-): For every $100 wagered, I win $100 ($50 wagered would win $50).
4) Most commonly: -110: For every $110 wagered, I win $100.

You see "4" most commonly because the extra $10 you have to bet to win $100 is called the "juice" that the books keep as a fee for making the line available to you.

The most important thing you can teach yourself early on is: "Just because the books assign one side to be the favorite (even large, -200 or -300, favorites), does not mean that they will win." We have all seen favorites get upset, and it is important to avoid the temptation of finding comfort in the fact that the lines makers put one team as a favorite.