The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find Free Football Predictions & Betting Tips the best and most secure places to make NFL bets. Legal online sports betting is becoming more and more available in the US, and users all over the country are looking for trustworthy platforms to place wagers.

## How To Convert Positive Money Lines To Fractional Odds

Texas winning by either five or seven gives you a win and a push. Any other result creates a win and a loss, so you’re only risking the vigorish. In most cases, the favorite will be the team with a negative moneyline .

## How Do I Convert Probability To Odds?

To bet Chicago simply to win, you must wager \$250 to win \$100, while a \$100 bet on Detroit would pay \$200 if the Lions come through. Congress banned sports betting in 1992 while allowing it in four states — Nevada, Delaware, Montana and Oregon — that had already been offering it. Las Vegas is the most popular destination if you want to make a bet on college football, where the number of ‘sports books’ is many.

## How To Use Odds To Calculate Implied Probability

Our guide will help you learn how to calculate sports betting odds in different formats and compare them against each other, and improve your gambling with our sports informative post odds calculator. In horse racing, odds will dip to something like 3/5 or 5/7 which usually means that horse is a big favorite. A 3/5 favorite is equal to -167 in American odds and 1.6 in decimal odds. Reading odds may be the first part to figure out before you begin sports betting, as they specify the implied probability of an outcome and how much money can be won.

## Horse Racing Terminology

The same can be said for 3.5, 3, and 2.5 – having to lay 3 points is much better than having to lay 3.5, and having to lay 2.5 is far greater than having to lay 3. Sometimes, you may see a point spread bet listed with odds of -105, -115, or even -120. In those cases, you would need to bet \$105, \$115, or \$120, respectively, to win \$100.