# Sports Betting Terms

Remember, though, that parlays are all-or-nothing propositions. A three-wager parlay entails hitting on all three predictions. If you do, you’ll be rewarded with a higher-than-normal return that far outstrips anything you would have gotten had you invested in each line individually. Bet slips do a great job of highlighting over/under lines after you’ve picked them.

## Odds

The most common prop bet is simply who will win the election. It is also possible to wager on other results of the 2024 election. The political betting market includes who will win the popular vote, who will win the Electoral College, or who will control the US House of Representatives. Election betting is often referred to as “futures” because it is a wager on a specific, future event. It’s a straight forward wager normally with no spread involved.

## Arbitrage Betting Explained

Thus, even on the road, the 49ers rate as -7.5 favorites at DK Sportsbook. In other words, they’re expected to win by more than a touchdown. Lines of at least a touchdown are relatively uncommon in the closely contested NFL – this is the only such NFL Week 1 line at the time of writing. Oddsmakers build mathematically-driven ratings for each team before the season and continue to tweak them as games are played. That means for every \$1 you want to win, you have to risk \$1.10.

The Gaming Today Moneyline Calculator allows How To Successfully Bet Parlays for quick calculations for any wager amount and payout odds. Using American, decimal, fractional, Hong Kong, Indonesian, or Malay Odds, you can input the odds and the amount of a wager and see the payout that would come if the bet is a win. PointsBet sets the Los Angeles Dodgers as the favorite in the game, with -165 moneyline odds.

Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake. If \$10 is bet at odds of 3/1, the potential profit is \$30 (\$10 x 3) and the total returned is \$40 (\$30 plus the \$10 stake). Figuring out the implied probability for fractional bets can be done fairly easily. Calculating your implied probability is a valuable tool to determine if a wager is worth the risk. Here is an example of a standard parlay payout table for up to five teams using -110 odds for each bet (bet \$110 to win \$100).

## Do I Have To Bet In \$100 Amounts?

Beyond money-line bets, you’ll see sports books set similar payout rates for everything from the over or under of a game’s score to who will score the first and last touchdowns in a game. Whether you ever plan to try online gambling or not, sports gambling terms are becoming more ubiquitous as sports betting becomes more mainstream. Pacquiao is the favorite in this fight, and you would have to bet \$20 just to win \$3, or about .15 cents for every \$1 wagered. For every \$4 risked, you earn \$17, or \$4.25 for every \$1 wagered. Follow this closely – when you see a price of +300, it does NOT mean that the fighter has a one out of three chance to win, as many people think.

The Penguins have been bereft of offensive skill players since the start of the season, and yet have scored 23 goals in their first five games. Their plus-11 goal differential is tied for the fourth-best in the league. In this case, it is the FPI that is signaling a large number of picks this week. Based on my methodology, the FPI data suggests a total of 17 games where a pick against the spread appears prudent.

Conversely, New York is a 4.5-point underdog, which means to win the bet the Giants would need to win outright or not lose the game by more than four points. It may take some time to understand odds and lines but don’t worry, it becomes second nature really quickly. When it comes to the different sportsbooks out there it is possible to find different point spread lines but generally, most sportsbooks will have similar stats. It is worth a look to scan the various betting lines when you intend to bet on a big game, that is why WSN will always list the odds from several sportsbooks for each event. You can check out the different sportsbooks and compare them here.

This means the implied probability of the City win is 78.7%. There are many types of bets available on a range of sports. You have plenty of choices when it comes to football betting, basketball betting, and more.