Baseball Betting With William Hill Us

The potential payout for a loss is $0 and the potential payout for a win is $210. This is true for both the Dallas Cowboys and the Green Bay Packers. Things get a little more complicated when we determine the implied probabilities of each outcome in this matchup.

Any odds in which the first number is bigger than the second are odds against, while any odds in which the first number is smaller than the second are odds on. Odds-on events are considered more likely to happen than not by bookmakers, and vice versa for events that odds against. Now you know odds are set out with two numbers separated by a forward slash, you can use them to work out the probability of an event happening.

You get a higher payout betting on the underdog since they’re less likely to win. They represent how much a bet on each team pays out and they also show you which team is favored to win and how heavily they’re favored. To read odds, start by finding 2 numbers separated by a dash.

Now that you understand how to read these markets, it’s time to do your research on your event of choice. Several factors could affect the contest you want to bet on, depending on the sport. To determine your total payout, you would need to add your wager to that number.

So, the sportsbook only slightly favors the Mets as a way to eke out a tiny profit for itself. While a money line for a game usually features a positive and negative number, it’s not a guarantee. The moneyline is always visible by the three-digit number next to each team’s name.

This is a minor difference if the probability is small (close to zero, or “long odds”), but is a major difference if the probability is large . There are two ways to calculate each, based on either how much you want to wager or how much you want to win. But if you want to figure out your bet amounts on your own, here is the simple math.