Welcome to Doc's Sports Service Bovada 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   |   NASCAR Picks   |   WNBA 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 2 NFL Odds
spacer
Doc's Rotation
spacer

Free Picks by Sport Free MLB Picks
spacer
Free NASCAR Picks
spacer
Free NFL Picks
spacer
Free College Football 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
MLB Schedule
spacer
Monday Night Football Schedule
spacer

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




Bovada 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
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 Trevor Whenham - 05/08/2008

Here's the most simplistic but true statement I can possibly make about sports betting - understanding sports odds is a pretty important part of sports betting. You can be the best handicapper in the world, and you can pick winners with shocking regularity, but if you don't understand odds then you can't know if a bet is worth making, and you probably won't be a winner in the end. Fortunately, understanding sports odds isn't that tough once you figure it all out.

Get a FREE 20% Signup Bonus at Bookmaker Sportsbook - Click Here - Mention bonus code DOC300

Before we look at the details of things there is one thing to keep in mind - your job as a sports bettor is to determine what you think the likelihood of something happening is and then to compare it to the odds of that event occurring. If the posted odds are better than your anticipated likelihood then you have a bet worth making, but if the odds, or the potential return on the bet, is less than the chances you give the bet of being successful then it is not worthwhile. Novice or unsuccessful bettors think that sports betting is all about picking winners, but that is only a small part of success.

There are a number of different ways that odds can be presented, but they all come down to the same thing. Sports books assign what they think is a fair price for a particular outcome. By fair price I mean that the books try to set a price that is attractive to bettors so that they will bet on it, but not so attractive that they will get too many bets and risk losing money. Books will adjust the odds once they have been set if they are attracting too much or too little action.

Sports odds can be presented in a number of different ways, but they all represent the same thing in one way or another - the amount you will win if you make a bet and are correct. They express them in different ways, but that's the meaning.

Fractional odds - These aren't the most common in sports betting, but they are the easiest to understand so we will start here. They are used in horse racing, so if you are familiar with betting on the ponies then you know fractional odds. Not surprisingly, they are expressed as a fraction. For example, odds of 4/1 mean that you would win four dollars if you bet one dollar and were correct. The odds can be less than even, too. Odds of 1/4 would mean that you would have to bet four dollars to win one dollar. With fractional odds it is also quite simple to figure out if a bet makes sense. If the odds are 4/1 and you think that something is likely to happen once in three tries then it is a very profitable bet. On the other hand, if it were likely to happen once every five tries then you would lose money in the long term if you bet it at 4/1.

Decimal odds - These aren't used in the United States very often, but they are seen in Canada, Europe and Australia. They can also be the most confusing at first. The easiest way to understand them is to start with fractional odds. To make a conversion you take the fraction, turn it into a decimal, and add one. That means that 4/1 fractional odds would convert to decimal odds of five, and 1/4 odds would become 1.25.

Money line odds - These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than 100, and they can be either a positive or negative number. Each one is a little bit different.

When a money line is a positive number then the odds are the amount you would win if you were to bet $100 and were correct. For example, a money line of +200 would mean that you would make a profit of $200 if you bet $100 and were correct. That's also equivalent to fractional odds of 2/1 and decimal odds of 3.

A negative money line represents the amount that you would have to bet to win $100 if you were correct. For example, a -200 money line means you would win $100 if you bet $200 and won. It is also equivalent to fractional odds of 1/2 and decimal odds of 1.5.