The Superbowl is arguably the biggest sports betting game of the year; if you are not a gambler or are simply a novice to sports betting, I will teach you how to read the lines and discover or predict who may come out on top.
Thanks for listening!
What you'll learn:
What is a moneyline?
What is a spread?
What is an O/U?
What does + and - mean in relation to sports betting?
How to calculate your winnings and much more
There is a point in the episode where I do some math, and it may get a bit confusing, so I'll post the formula here in the notes for reference below;
Calculating payouts from sports betting odds
The odds also directly relate to the payouts you can expect back in winning bets. There are a few ways to calculate the profit potential.
Negative (change the odds number to positive for the purposes of the equation): 100/Odds * Stake = Profit
For example Odds of -140 and a $50 bet
100/140 * 50 = $35.71
Positive: Odds/100 * Stake = Profit
For example, Odds of +120 and a $75 bet
120/100 * 75 = $90
Lastly:
If you're going to bet, have a game plan.
Bet legally
Set limits
&
Keep it fun
When gambling becomes a problem, visit responsibleplay.org to find help.
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