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Gamblers Are Betting Billions on Super Bowl LV. Here’s What to Know About Legal Sports Betting.
We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.
The Super Bowl isn’t just for watching the big game (and of course, all the commercials). For some enthusiasts, it can also make money, thanks to a phenomenon that used to be confined only to Nevada but is now happening across the U.S.: legal sports betting.
In this world — which these days happens mostly online — no event is bigger than the Super Bowl. This year, as many as 23 million Americans may bet on the Kansas City Chiefs or Tampa Bay Buccaneers, and on many other aspects of the game, according to a forecast from the American Gaming Association. Their cumulative bets may surpass a staggering $4 billion.
Being able to bet legally on sports is a relatively new development in most of the U.S., where sports betting was legal only in Nevada until 2018.
That was when the U.S. Supreme Court struck down as unconstitutional a federal statute — the Professional and Amateur Sports Protection Act, or PASPA, of 1992 — which limited regulated sports betting to Nevada. It’s now legal in 20 states, and many others are pushing to legalize it.
The growth of legal sports betting has been “extraordinary” since then, an ESPN story said.
“In 2019, over $13 billion was legally wagered,” says Casey Clark, Senior Vice President of Strategic Communications at the American Gaming Association. “Once all the numbers are counted for 2020, that figure will be over $21 billion.”
The sports betting capital of the United States isn’t Nevada anymore: It’s New Jersey, where people placed $6 billion worth of bets last year compared to $4.3 billion in Nevada, according to sports betting expert Darren Rovell.
With people confined at home because of the pandemic, 80% of gaming nationwide happens on mobile devices, Clark says.
“Nearly every American will have a casino in their back pocket at all times,” says Marc Edelman, an expert in sports law who teaches at Baruch College’s Zicklin School of Business, in New York. It’s reasonable to expect a majority of states to legalize online sports gambling within the next five years, Edelman says.
Pro Tip.
If you want to bet on the big game, experts recommend only betting as much as you’re looking to lose, and treating it as entertainment only.
With the growing ease of betting legally on sports, you might be asking yourself: Should I join in?
There are people who have picked their bets correctly and made millions, Edelman says, but they’re few and far between. “For most people, betting is meant to be an activity of entertainment instead of investment,” he says.
In fact, if you think you’ve got what it takes because you are a big sports fan, you might want to think twice: sports betting is a game for numbers geeks. Those who have traditionally been the most successful at it, Edelman says, are people with strong mathematical skills who can consider complex analyses.
For those enthusiasts, there are two main players in the sports betting industry, websites FanDuel and DraftKings. They dominate the market in the states that have what’s known as “full online sports betting with multiple options” — Colorado, Iowa, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Virginia and West Virginia, according to sports betting news and analysis site Action Network.
In most states today, sports betting is still illegal. The others fall into three groups. In one, such as New York, sports betting is legalized in a small number of brick-and-mortar casinos. In another group, such as Tennessee, online sports gambling is allowed, though sports betting in casinos is not. In the fourth group, such as New Jersey and Pennsylvania, sports betting in both casinos and online is legalized and regulated.
Anywhere you may be, though, sports betting is still betting, with all its risks. You should not bet more than you can afford to lose.
Clark notes that his organization put together a PSA earlier this year, Have a Game Plan, for bettors to educate themselves on how to bet responsibly. They can also use an interactive map to get more information on what type of sports betting is legal in their state.
For people who want to bet on the Super Bowl, Edelman suggests betting a small amount of money, and doing it for entertainment only: “Don’t put yourself in the kind of position [where] losing will have any adverse effects on your day-to-day,” he says.
You should stick to a licensed sportsbook like PointsBet, as well as FanDuel or DraftKings, Edelman advises. Doing so will ensure your potential winnings will be paid to you and minimizes the risk of identity fraud.
If you prefer to bet in person, “make sure you’re doing it in a fun and social way with people you know and trust,” he says. (As well as respecting social distancing and any COVID-19 guidance from local authorities, of course.)
Super Bowl or not, sports betting can be a fun way to make some extra cash if you are able to do so safely, but we definitely don’t advise partaking as a short- or long-term financial strategy. If you’re looking to grow the money in your bank account in a low-risk way, you’ll be much better off putting it in a high-yield savings account and enjoying the Super Bowl like most Americans do: focusing on the commercials, not the bets you may have made.

Legal US Online Sports Betting – Which State is Next?
Ever since SCOTUS ruled in favour of striking down the 1992 PASPA Act, competition to get on with online sports betting across the US has been high. States such as New Jersey, who played a key role in the SCOTUS decision, were ready and waiting to legalize online sports betting in 2018. Other states have taken a bit longer to get there.
Two of the latest states to legalize online sports betting have been Virginia and Michigan. While Virginia officially became the twentieth US state to legalize and launch betting sites, Michigan has been offering in person sports betting since March of 2020.
However, with the news that Michigan has just made online sports betting throughout the state legal, top sportsbooks are launching their betting platforms as quickly as they can. Michigan’s official launch into the realm of online sports betting, saw at least ten sportsbooks open shop at the same time, with another five ready to go within the next few weeks.
Michigan is one of the larger US states, with a population total that ranks them as tenth largest in the country. Virginia isn’t far behind, and is currently ranked as the twelfth largest state. Both will be significant territories for online sports betting operators, and major growth is expected to boost the industry going into 2021 and beyond.
The news of both states legalizing and launching online sports betting sites, virtually at the same time, has every bettor excited about the future. With that in mind, we take a look at states that have not yet moved to legalization, with a view to speculating who will be next to pull the trigger so to speak.
Maryland.
Maryland has already made some very promising moves in the right direction, having voted to legalize online sports betting within the state during the past November 2020 election cycle.
Interestingly, the results of the vote to legalize online sports betting within the state of Maryland, was close to a two to one outcome in favour of the bill. Furthermore, the result makes Maryland the last state within the mid-Atlantic region to vote to legalize online sports betting.
New York.
New York is actually already half way there, and launched in person sports betting back in July of 2019. However, they stopped short of legalizing online sports betting, which did disappoint a lot of New York sports betting fans.
That said, the recent news of New York Governor Andrew Cuomo saying that he is in favour of the legalization of online sports betting caused quite a stir within the industry. The case for legal sports betting within the state is looking very good, considering what New York has been through with Covid 19, widespread industry shut-downs and a mass exodus of residents from the state. Many speculate that legalizing online betting would be a viable way for the state to recoup or repair budget deficits which run to the tune of around $50 billion.
North Carolina.
North Carolina has had legal sports betting since 2019. However, this has been in the form of in person sports betting, which can only be accommodated at two tribal casinos, both located in the western part of the state. As far as legalized online sports betting via a mobile app, things are not looking that great at this stage. One of the main issues here, is that North Carolina prefers to run all casino and sports betting activities through its tribal-held casinos. At this stage there are no plans to expand into the online sports betting realms, and the two land-based locations remain the only two sports betting options for residents of the state.
Louisiana.
Much better news for residents of Louisiana, as the state passed online sports betting laws during the November 2020 election cycle. This means that residents of the state will be able to enjoy unrestricted sports betting in fifty five parishes throughout the state. That said, residents should be patient as the state has not had a great track record in the past. This is especially true when one considers that it took them two years to get the ball rolling on DFS (Daily Fantasy Sports).

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п»їStanley Cup.
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Stanley Cup Prop Bets 2021.
In this article, we are going through the latest available Stanley Cup prop bets odds .
We will display tables of odds and picks as soon as the NHL season resumes and the markets for the Stanley Cup bets are made available. The odds were last updated on January 27, 2021:
When the Stanley Cup playoffs reveal the final pair of competitors for Lord Stanley's mug, sportsbooks start to publish the latest lines for many different types of wagers. This includes a plethora of prop bets for many different aspects of the Stanley Cup finals . Hockey fans can choose from prop bets for individual games and the entire series, including the winner of the Conn Smythe trophy.
How do Stanley Cup Prop Odds Work?
Stanley Cup prop bets fall outside of the standard moneyline, spread, and over/under bets. They typically refer to a specific aspect of the Stanley Cup playoffs , predicting an outcome that takes place within an individual game or a series.
Prop bets do not fall into the category of a Stanley Cup futures bet, which starts at the beginning of the season and features odds that change throughout the campaign.
‘Prop’ is short for the proposition – as such, this type of bet involves a proposition between the player and the sportsbook. Theoretically, there’s virtually an unlimited variety of prop bets that one could make on the Stanley Cup. Pretty much any scenario that’s possible could turn into a prop bet as long as the sportsbook is willing to offer odds on a specific outcome.
In practice, most sportsbooks provide a standard range of common prop bets like the team that scores the first goal in a game, the MVP of the Stanley Cup playoffs, or the length of the final series . Standard prop bets Stanley Cup focused are much more predictable than unusual wagers on the Stanley Cup, like whether or not a goalie will score a goal in the finals.
Types of Stanley Cup Prop Bets.
Individual Game Prop Bets.
Each game of the Stanley Cup playoffs features a wide array of prop bets that fans can choose from. Typically, team-based props involve whether or not a club will score the first goal of a game, if they’ll win an individual period, or if a team will score a shorthanded goal in the game.
For players, prop bets include whether a player will score a goal or register a point, or a member of the team that will score a game-winning goal. Occasionally, more creative props will surface, such as betting on a player scoring a “Gordie Howe hat-trick”, which involves scoring at least one goal, an assist, and a fight.
Series Prop Bets.
The other main category of prop bet available for the Stanley Cup involves wagers on the outcome of the playoff series itself. One of the most popular props for a Stanley Cup series is predicting not only the winner but the number of games required to win the cup . Other prop bets may include predicting how many games go to overtime, or an over/under on the number of goals scored throughout the series.
At the end of the NHL postseason, the Conn Smythe Award rewards the most valuable player in the Stanley Cup playoffs. This tends to be one of the most popular individual players prop bets of every championship finals.
How Do You Read Stanley Cup Prop Odds?
Prop odds work the same as any other type of wager. In North America, you’ll find three different types of formats for odds listings that sportsbooks use to provide odds for prop bets.
American Odds.
American odds always feature a plus sign or a minus sign in front of the number , which immediately differentiates this type of odds listing from decimal and fractional. These odds are typically interpreted to reveal how much a player will win if they place a $100 bet on an outcome.
Decimal Odds.
Another popular way that odds are listed is in simple decimal form. This type of odds listing simply requires you to multiply the decimal with the amount of money that you’re wagering to calculate the payout. A smaller decimal represents a favourite outcome while a larger decimal represents the underdog.
Fractional Odds.
Fractional odds and decimal odds work the same way . Simply divide the top number by the bottom number to convert a fractional odds listing into decimal odds, and then multiply that number with your wager to calculate your winnings.
How to Find the Best Odds for Stanley Cup Props?
Checking out the Stanley Cup props from each sportsbook will reveal the site with the best odds for each type of wager . It’s unlikely that a single site will feature the best value for every type of prop bet available for the Stanley Cup finals. As such, it may be worth your while to carry an account on multiple sportsbooks to make it easier to shop around for the best odds.
Some websites provide continual updates on a variety of standard wagers and prop bets. This reduces the amount of time and effort it takes for punters to measure up the numbers from multiple sportsbooks. Of course, to confirm the odds for the prop you’ll need to visit the sportsbook itself .
Keeping an eye out for promos and offers from sportsbooks can help to improve your odds in a variety of ways. Some sites will run specials for unique props or provide a boost such as a bonus or an extra payout on your wager. Other sportsbooks offer a rewards program that provides a rebate depending on the volume of bets that you place. Over the long run, these sorts of promos can add up to a measurable improvement in overall payouts.
Which Sportsbooks Should I Use for Stanley Cup Props?
Similar to finding the best odds for bets, discovering the best sportsbook for Stanley Cup props involves comparing the strengths of each site. Not all players will find the best value on the same sportsbooks. Therefore, when you evaluate sportsbooks, you should consider your betting needs first and foremost.
Some players will prefer to use a certain type of payment method that a select few sportsbooks accept. For players that use popular payment methods like common credit cards, searching for a site with the best promos will be of more importance. Sports fans who bet on games more frequently will likely benefit from a site with a tiered rewards program. Casual betting fans may prefer a simple bonus system that provides a quick boost to your first deposit.
Canada Sports Betting features a series of in-depth reviews of nearly all the major online sportsbooks available to Canadians. This resource gives you an excellent place to start to discover the differences between sites. We also link you to various bonus offers provided by the sportsbooks that we review.

BEST STANLEY CUP BETTING SITES CANADA.
The Stanley Cup is the biggest hockey championships. Hence, the best Canadian sports betting site has a wide range of betting options for the NHL Stanley Cup all year round. You can bet from Stanley Cup futures, the winner of the Stanley Cup playoffs, finals and so much more.
In this article, we discuss everything you know about betting on the Stanley Cup championship. Below you will find sportsbooks with the best Stanley Cup odds for betting, learn how to bet on the event and win lucrative prizes. You will also find previous Stanley Cup winners and their scores such as the Montreal Canadiens Stanley Cup wins. As a bonus for Canadian bettors, we also reveal the last Canadian team to win Stanley Cup.
BEST NHL STANLEY CUP ODDS 2020.
Top-rated Canadian bookies offer the best Stanley Cup betting odds for bettors. Usually, the Stanley Cup odds are displayed in fractions and decimals; the bettor then picks their preference. Below are the best betting sites to bet on Stanley Cup champions. Expect nothing but the best Stanley Cup betting odds, markets and promotional perks.
WHAT IS THE STANLEY CUP?
The Stanley Cup is major hockey event in which teams compete for a championship trophy in the National Hockey League playoffs. The Stanley Cup championship has been in existence since 1893 and has a huge fan-base. It is no surprise that Canadians love to bet on ice hockey, and the Stanley Cup is one of the many hockey events they put their money on.
The league usually consists of four rounds of best-of-seven series to determine the champion in the league and winner of the notorious Stanley Cup. In order to qualify for the Stanley Cup playoffs, teams are chosen based on regular reason points totals. Only eight teams from each of the two conferences get to be selected. The final round is referred to as Stanley Cup finals, and bettors can place wagers on this as well. The Stanley Cup was named after the Governor General of Canada, Lord Stanley of Preston, who had donated the cup as an award to a top-ranking amateur hockey club in CA.
BETTING LINES ON STANLEY CUP PLAYOFFS & FINALS.
The best Canadian Stanley Cup bookmakers offer a variety of markets to bet on the Stanley Cup. Below are some of the betting line on Stanley cup finals and other hockey games all year round.
Money Line – One of the most popular betting lines at CA sportsbook. The money line wager is essentially betting on who you think will win the match.
Handicap Lines commonly referred to as Puck Line– Odds where one team is a heavy favourite for the bookie.
Totals (Over/Under) – Totals or over/under bets are lines where you bet on whether the total number of goals will be over or under the winning margin set by the sportsbook.
Prop Bets – short for propositional bets. these are additional bets where you bet on just about anything. For instance, the correct score or the time of the first goal.
NHL Stanley Cup Futures – wagers placed way before the Stanley Cup season even begins. NHL futures decide on the winners of the Stanley Cup playoffs or Stanley Cup champions.
Remember for the Stanley Cup playoffs you can bet on; the winner, winning conference, winning division and winning nation.
HOW TO JOIN A BOOKIE & FIND BEST ODDS TO WIN STANLEY CUP.
Betting on the Stanley Cup is a quick and simple process once you’ve learnt how the betting lines work. Remember betting on the Stanley Cup at a good online bookmaker also counts as you get to enjoy a variety of perks to win Stanley Cup bets. At the best CA bookie, you will find a Stanley Cup Schedule to place your wagers before the season even begins. Here’s how to:
Pick and join one of our shortlisted Stanley Cup betting sites . Deposit . Choose your bet type and the amount you wish to wager on NHL Stanley Cup. Follow games and check scores . Enjoy your real cash winnings .
TOP 5 OF THE MOST STANLEY CUP WINS IN CANADA.
Below is a list of most Stanley Cup wins up to 2019:
HOCKEY TEAM NO. OF STANLEY CUP TITLES 1. Montreal Canadiens 24 2. Toronto Maple Leafs 13 3. Detroit Red Wings 11 4. Boston Bruins 6 5. Chicago Blackhawks 6.
LAST CANADIAN TEAM TO WIN STANLEY CUP.
The last Canadian team to win the Stanley Cup are the Montreal Canadiens with 24 Stanley Cup titles to date. From 1956-1960, The Montreal Canadians racked up five straight titles and have achieved the most consecutive wins in Stanley Cup History.
PREVIOUS LIST OF STANLEY CUP WINNERS.
Below is a list of Stanley Cup winners for the decade:
Year Winning Team 2018 Washington Capitals 2017 Pittsburg Penguins 2016 Pittsburg Penguins 2015 Chicago Blackhawks 2014 Los Angeles Kings 2013 Chicago Blackhawks 2012 Los Angeles Kings 2011 Boston Bruins 2010 Chicago Blackhawks 2009 Pittsburg Penguins.
More Popular NHL Betting Guides:
Our Expert.
Larah Levine.
Larah is a renowned sportswriter that you can count on for anything sports. She's also an avid bettor who is devoted to having her readers make smarter bets.

Favourites to Win the 2021 NHL Stanley Cup.
The puck has dropped on the 2021 NHL season, as the league starts to take shape and frontrunners begin to make their claim for the 2021 Stanley Cup.
This season is unique in more ways than one; new divisions, a new playoff format, and new teams looking to prove themselves in the best hockey league in the world.
But, as we look ahead to the season, the big question remains ‘ who will make it to the Stanley Cup Finals? ’
The Colorado Avalanche come out the blocks as the clear favourites , with star scorer Nathan MacKinnon backing his team to go all the way. However, the reigning Stanley Cup holders Tampa will certainly have something to say on the issue.
As many of the top-tier sportsbook providers post odds for this seasons’ best teams, we can already see the Flyers, Knights, Bruins, and Maple Leafs are certainly in with a chance of making the NHL Playoffs. We’ll break down the teams most likely to make it to the Stanley Cup in 2021.
Colorado Avalanche (8.00)
The Avalanche started the season, and continue to sit, as the favourites to lift the Stanley Cup in 2021 . Most NHL betting sites post the futures odds at 8.00 , with a few other teams close behind, namely their West Division rivals the Knights.
Colorado’s roster is stacked. With starman Nathan MacKinnon leading the line they will always have the necessary firepower, not to mention the likes of Nazem Kadri, Andre Burakovsky, Brandon Saad, and Mikko Rantanen .
Behind those players, they have a solid defensive lineup led by Devon Toews, Bowen Bryam and the young Cale Makar , who is quickly proving his worth in the league. The presence of Makar is in-part why the Avalanche stands in the position they do.
Take the Colorado Avalanche to win.
Tampa Bay Lightning (8.50)
The Lightning has made a fairly dismal start to the season, but the fact remains they are one of the strongest sides in the league and they are the current Stanley Cup holders.
Tampa has the top Vezina Trophy candidate in Andrei Vasilevskiy in their ranks, who will be pivotal in their bid for the league. In front of him is a solid defence, headed by Victor Hedman, Ryan McDonagh, Erik Cernak, and Mikhail Sergachev .
In offence, Tampa is spoilt for choice with the ever-present Steven Stamkos, Brayden Point, and the big Russian Nikita Kucherov , who was critical to the Lightning’s winning Stanley Cup run back in 2020.
Pick the Tampa Bay Lightning to win.
Vegas Golden Knights (8.00)
The Knights are one of the most well-rounded teams in the league, which is reflected in their performances year after year. They’ve started the 2021 NHL campaign excellently and look to be going from strength-to-strength once again.
It’s Max Pacioretty who leads the scoring so far, with Shea Theodore and Alex Tuch closely behind the Connecticut man . They have enough players on the roster that can produce goals to not be reliant on an individual star player, unlike other titles contenders.
Between the poles, the Knights will rely on the trustworthy vet Marc-Andre Fleury and the big Swede Robin Lehner . Both goaltenders have made a great start to the season and are a big reason why the Knights enter the race at 8.00 .
With Shea Theodore sitting in defence, the Knights will be confident of beating anyone. He’s proven he’s able to add goals where necessary and is one of the most well-rounded defensive players in the league .
Expect the Vegas Golden Knights to win.
See below the top sportsbooks where you can wager online and choose the best one for you:

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п»їTop Consensus Picks.
Discover the odds and predictions Covers contest players are making with consensus picks.
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Each night Covers ranks the top contest players that makes bets on a particular team through Covers’ free contests.
The contest players with the highest amount of money won (also referred to as units) when betting on or against a team are considered "Team Money Leaders" for that team.
The Team Money Leaders consensus shows the opinion of these contestants who are having success betting when that team is playing.
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п»їHow Do Bookmakers Set Their Odds?
Before you can truly understand if the odds you’re getting are good or not you need to understand how bookmakers set their odds.
It’s not as simple as you might think and once you understand the process it’s much easier to identify value bets.
There are two key concepts you need to be aware of, that we’ll cover in this article, and they are determining true odds and how bookmakers adjust their odds to make a profit.
Key Points.
When setting odds for an event, a bookmaker’s main aim is to try to ensure that they will make a profit no matter what the outcome. Bookmakers will first research and attempt to determine the true odds of any outcome occurring. Actual odds offered to punters will be based upon those true odds but downwardly adapted so as to provide the bookmaker with a ‘margin’, ‘overround’ or ‘vigorish (vig)’. If punters bet in a manner divergent from the bookmaker’s expectations, odds will be adjusted in order to try to maintain that margin.
Setting Odds: Determining True Odds.
The first step for any bookmaker in setting their odds for a given event is trying to determine the true probability or odds of any given outcome occurring. What we mean by outcome, in this case, is any possible result that they may have to pay out on (e.g. a home win, a draw or an away win in the case of a football match).
Factors to consider:
In order to determine these true odds, bookmakers will look at factors such as prior form, statistics, historical precedents, expert opinion and any number of other such factors that could impact the event in question. Following this research and analysis, the bookmaker will be left with what they deem to be the most accurate possible true odds of any outcome occurring.
A ‘Fair Book’:
To continue the football match analogy we alluded to earlier, those true odds might be that a home win is evens, a draw is 2/1 and an away win is 5/1. What those odds represent are a 50% chance of a home win, a 33.33% chance of a draw and a 16.67% chance of an away win.
If the bookmaker were to offer those odds, therefore, they would have produced what’s known as a ‘fair book’. That is a betting market where the percentage chances of all of the outcomes add up to exactly 100%.
If in total punters bet in the same proportion as the relative probabilities of each outcome occurring (i.e. 50% on a home win, 33.33% on a draw and 16.67% on an away win) in this example, however, the bookmaker will pay out exactly what they take in regardless of the final result.
Bookmakers, therefore, must adjust the odds they actually offer to punters in order to try to ensure they make a profit.
How Do Bookmakers Actually Set Their Odds?
Once a bookmaker has determined what they believe to be the true odds of any outcome occurring in a given event, they will then adjust those odds downwards before offering them to punters.
In practice, the methods by which bookmakers do this can be diverse and quite complicated but for the sake of our explanation we will focus upon the simplest possible method; proportional decreasing.
In our above example the relative probability of each of the outcomes occurring (50%, 33.33% and 16.67%) has a proportional relationship of 3:2:1. That means that another set of three odds figures with the same relationship but which are all shorter could be what a bookmaker chooses to offer to punters.
An example of such a set of odds is 4/6, 6/4 and 4/1, which equates to relative probabilities of 60%, 40% and 20%. Whilst the proportional relationship between these odds is the same, however, the sum of their percentage figures is 120% rather than 100%. That means that if punters bet according to the same pattern as the true odds the bookmaker has determined (3:2:1), the bookmaker will always receive 20% more than they pay out .
That 20% figure is what is known as the bookmaker’s ‘margin’, ‘overround’ or ‘vigorish/vig’.
Why Do Odds Change Before an Event?
Whilst the above represents a simplified yet accurate representation of the odds setting process in theory, in practice any number of things can cause a bookmaker to need to alter their odds. The most notable example of something which can require a bookmaker to make such changes is us; the punters.
How Does Betting Affect Bookmaker Odds?
As we’ve mentioned above, the margin which the bookmaker attempts to build into every market they set odds for, is based upon the premise that punters will bet in similar proportions to the true odds of the event’s outcomes which they have determined. If in practice, however, punters actually bet far more than a bookmaker expects on one particular outcome then the amount the bookmaker will have to pay out in the event of that outcome (known as their liability) changes.
To take our previous example, once again, if a bookmaker offers odds of 4/6, 6/4 and 4/1 and takes a total of ВЈ120 in stakes, they would expect ВЈ60 to be placed at 4/6, ВЈ40 at 6/4 and ВЈ20 at 4/1. In that case, they would only ever be required to pay out ВЈ100 of the total ВЈ120 in stakes.
If the pattern were reversed and ВЈ60 was placed at 4/1, however, the bookmaker would be required to pay out ВЈ300 and so would lose ВЈ180. It is when betting patterns differ from what is expected, therefore, that bookmakers alter pre-event odds in order to balance their books and maintain their theoretical margin for the event.
It’s not always possible but changing the odds to balance liability is the main reason bookmaker odds change after the initial prices have been set.

How To Compile Your Own Odds.
January 12, 2016 By Bradley Gibbs.
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This is a guest post from sports betting expert and successful punter Bradley Gibbs. This is definitely a very important read for anyone who wants to punt profitably and you should bookmark this page and refer back to it very, very often!
Being able to compile your own odds is one of the key steps to being a successful punter. All of the profiting gamblers I’ve ever met or have indeed read about price up events for themselves and stress the importance of doing so. This article takes a look at why it is very useful to compile odds, and how it can be achieved.
Who compiles odds?
Many people associate odds compiling and the pricing up of events as practices carried out solely by bookmakers or the people bookmakers employ to do so – often known as ‘odds compilers’. The bookmaker forms a market by compiling a set of odds and the punter comes along and places their bet. The majority of punters are happy to accept whatever odds are offered on a particular market and place their bets without thinking too much of it, and for much of the betting world this is how it goes. But of course, as with many things, there are a few diamonds in the rough, a small percentage of punters out there who aren’t willing to conform to this normality. These are the shrewd punters who make that extra effort to tilt the scales in their favour by compiling their own odds. In doing so this type of punter uses their own odds in comparison with the odds set by the bookmaker in order to find and exploit good value.
Why compile our own odds?
If you’re serious about making a success of your punting efforts then compiling your own odds is something you really ought to be doing. For you can be sure, at least to some degree, that the successful minority are indeed compiling their own sets of odds. To some it might seem a bit long winded and perhaps even unnecessary to compile your own set of odds for each market you want to bet on, but the reality is – as with almost everything in life – to get results you have to put the work in. Pricing up events is an essential part of the work carried out by the serious punter. The main advantage of pricing up events is that it allows the punter to compare their own prices with those available with the bookmakers or on the exchange.
What do you need to price up?
It seems to be a fairly common misconception that compiling your own odds is a highly advanced process and can only be done by those who are blessed with a superior mathematical brain. This is simply not true. You don’t need to be a numbers genius to price up events for yourself, all you really need to do is be able to carry out some simple arithmetic. It is important to note that although you don’t need to be a particularly gifted mathematician to compile your own odds, you will need a strong knowledge of the event you’re planning to price up. For example if you’ve only got a beginners knowledge of racing then compiling your own odds will be pretty pointless as you will likely be hugely inaccurate. So first off make sure you are thoroughly educated in the sport you’re going to bet on.
How do you compile your own odds?
Pricing up a simple football market:
Let’s use a simple win/draw/win football market example to put this into practice. We’ll imagine that top four chasing, Tottenham are travelling to face struggling, Newcastle. We’ll start by looking at the relative home and away form of each side. To keep the example simple let’s look at Newcastle’s last 10 home games and Tottenham’s last 10 away games. Newcastle last 10 home games = Won 3, lost 4 and drawn 3 Tottenham last 10 away games = Won 3, lost 3 and drawn 4.
What we now need to do is use these figures to determine the odds on a home win, away win and the draw. To get a Newcastle win we add their 3 home wins to Tottenham’s 3 way losses = 6 To get a price for the draw we add 3 Newcastle draws to the 4 Tottenham draws = 7 To get Tottenham’s price we add their 3 away wins to Newcastle’s 4 losses = 7.
This leaves us with the following: Newcastle 6, Draw 7 and Tottenham 7. In order to get the percentage chances from this all we do is divide each number by the total number of matches sampled. So in this case 20. Newcastle percentage = 6/20 = 30% Tottenham percentage = 7/20 = 35% Draw = 7/20 = 35%
As discussed above all we do now is simply divide 100 by the percentage figure in order to express the chances of each team as odds.
Newcastle – 100/30 = 3.33 Tottenham – 100/35 = 2.85 Draw – 100/35 = 2.85.
We have now priced the win/draw/win market up as; 3.33 for a home win and 2.85 for both a draw and an away victory. Let’s assume that you feel Tottenham are much the stronger team and you expect them to win the game; however, the price available is only 2.65. You wouldn’t bet an away win at these odds simply because they are lower than the odds you have calculated yourself (your own odds being the ones you believe to be the true representation). Betting on a price below this would represent a bad value bet. On the other hand let’s imagine that you could back Tottenham to win at 3.00. At these odds Tottenham would be a better bet and would indeed represent good value.
Of course using just a sample of each teams’ relevant home/away form is quite a simple example and there are of course plenty of other factors you can consider when pricing up a game such as this. For example you may wish to consider a longer streak of games, perhaps 20. You can also consider both the home and away form of each side rather than just one or the other. Considering how the teams fared against similar opposition is also something that is recommended.
Pricing up a horse race –
Pricing up a horse race can be a bit trickier than a simple win/draw/win football market. The main reason for this is that there are less tangible statistics in a horse race. You will need to have an expert knowledge of form and be able to consider all the different factors involved in analysing both races and a particular horses’ chance.
As for the actual pricing up of the event itself, then this is pretty much the same as that which is discussed above. It is important to price the race to 100% and assign a percentage figure to each horse in the race.
Keeping things simple, let’s say that having analysed a three runner race you have compiled odds on the three runners to 100% and your prices show: 2.00 (50%), 4.00 (25%) and 4.00 (25%). By these calculations you believe that the favourite should be an even money shot and therefore has a 50% chance of winning. However, the actual prices available are: 2.50 (40%), 3.00 (33.3%) and 3.50 (28.6%). If this were to be the case – assuming you were right in your analysis – the value would lie in betting the favourite at a price of 2.00. This is simply because judging by your own prices the horse has a 10% greater chance of winning the race than the odds available suggest.
There are a lot of factors to consider when pricing up a race, so as a basic starting point it is advised that when beginning to do so you focus on smaller field events – probably 8 runners or less. Any more can become quite a headache, even for the more experienced odds compiler! The best thing to do before attempting to price up a horse race is to simply know your stuff! Learn about the different aspects of analysing racing and race form, there is tons of information out there, most of which is readily available at the click of a button. Read up on everything you can regarding the best ways to look at races and just generally learn as much as possible!
The benefits of compiling your own odds.
As we can see from both the racing and football examples above, the reason punters would choose to price up events for themselves is that it helps to both identify and exploit value. Of course “value” or “true odds” can be pretty vague terms, after all despite what some people may say, whether or not a selection represents good or bad value is never really more than matter of opinion, an opinion that is only proved right or wrong after the event has finished.
There is no doubt that being able to compile your own odds – using them as a comparison with those that are available on betting exchanges or with bookmakers – is an invaluable skill when aiming to be successful as a punter. Being able to do this though is nowhere near as useful as being able to do it correctly! This comes from hard work and knowing your stuff.
The bottom line is this; work hard, learn all there is to learn, practice compiling your own odds and through a combination of having an expert understanding of betting on your sport and the ability to compile your own odds you will give yourself an edge over the majority of the betting world.

Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
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п»їNFL Las Vegas Odds.
Spread В· Money Line В· 1st Half Page 1 В· Page 2.
02/07 6:30 PM 101 Kansas City 102 Tampa Bay -3ВЅ -10 57ВЅu-10 -3 -15 56u-10 -3 -15 56u-10 -3 -10 57ВЅu-43 -3 -20 56u-10 -3 -20 56u-10 -3 -20 56u-10 -3 -15 55ВЅo-13 -3 -15 56u-10 Buy Picks.
Where to Bet: WynnBET FanDuel BetMGM DraftKings Fox Bet Bet365 PointsBet Unibet BetRivers All.
How to read Super Bowl 55 Odds.
The Kansas City Chiefs wil meet the Tampa Bay Buccaneers in Super Bowl 55 from Raymond James Stadium in Tampa, Florida on Feb. 7, 2021.
The Chiefs opened as -3.5 betting favorites while the Buccaneers are 3.5 underdogs.
After early wagers came in, most operators are holding Kansas City -3 (-120).
If you were to wager on Kansas City -3, you would have to lay 5/6 odds (Bet $120 to win $100) instead of your normal 10/11 juice (Bet $110 to win $100).
The return on Tampa Bay would be even-money (1/1) and a $100 wager would return $100.
The total or over-under on Super Bowl 55 is hovering between 56 and 57 points.
How to read NFL Las Vegas Odds.
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
Ex. Bet $110 to win $100 (10% juice) Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08 , -12 , -15 and -20 . The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
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 the best and most secure places to make NFL bets.
Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line.
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
VI Consensus NFL Line.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl.
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 Г· 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.

Football betting tips – Today’s best bets and odds for the Premier League.
6 Feb 2021, 9:38 Updated : 6 Feb 2021, 9:40.
PREMIER LEAGUE action continues at the weekend with Arsenal and Manchester United among the five fixtures today.
SunSport are on hand with the best bets and odds boosts available on the betting market from some of the UK's leading bookmakers.
Aston Villa vs Arsenal is the early kick off before we see Burnley vs Brighton, Newcastle vs Southampton and Fulham vs West Ham.
With Manchester United vs Everton being the final fixture at 8pm.
The best bets.
2 or more goals in each of Saturday's English Premier League matches (5 matches) Was 5/2 Now 10/3 (Betfair - CLAIM HERE*) Man Utd, West Ham & Southampton to win - Was 6/1 Now 9/1 (Paddy Power - CLAIM HERE*) Celtic, Brighton & Bournemouth all to win Was 4/1 Now 6/1 (max bet ВЈ5 - William Hill - CLAIM HERE*)
William Hill - Saturday's Super Odds (Max ВЈ5) Celtic, Brighton & Bournemouth all to win Was 4/1 Now 6/1.
William Hill - enhanced odds.
Over 1 Goal In Each Of Saturday's 5 Premier League Matches - Was 27/10 Now 3/1 A Goal In The 1st Half In Each Of Saturday's 5 Premier League Matches - Was 5/1 Now 6/1 Bruno Fernandes, Ollie Watkins & Danny Ings All To Score - Was 9/1 Now 14/1.
Man Utd vs Everton enhanced specials.
Bruno Fernandes To Score First - Was 3/1 (Top Price Guaranteed) Now 9/2 Marcus Rashford To Score & Man Utd To Win - Was 13/8 Now 2/1 Bruno Fernandes To Have Over 2 Shots On Target - Was 21/10 Now 3/1 Richarlison To Have Over 1 Shot On Target - Was 17/5 Now 5/1 Everton To Score In Both Halves - Was 24/5 Now 11/2 Dominic Calvert-Lewin To Score First - Was 11/2 Now 7/1.
Paddy Power - New customers get a risk-free ВЈ20 bet HERE*
Paddy Power Saturday's Turbo Price - Max 20.
Man Utd, West Ham & Southampton to win - Was 6/1 Now 9/1.
Saturday Power Prices.
2 or more goals in each of Saturday's English Premier League matches (5 matches) - Was 5/2 Now 10/3 Arsenal, West Ham & Man Utd all to win - was 7/1 Now 9/1.
Man Utd vs Everton.
Marcus Rashford to score first - Was 9/2 Now 11/2 James Rodriguez to have 2 or more shots on target - was 13/2 Now 8/1 Bruno Fernandes to score from outside the box - Was 6/1 now 8/1.
Most read in Betting Tips.
PUNTER'S GUIDE.
DOMINATION.
FANCY A PUNT?
ODDS BOOST.
BEST BETS.
Betfair - New customers bet ВЈ5 and get ВЈ20 in free bets HERE*
2 or more goals in each of Saturday's English Premier League matches (5 matches) Was 5/2 Now 10/3 Man Utd, Napoli & Sevilla all to win Was 10/3 Now 4/1 Southampton, Celtic & Real Madrid all to win Was 7/2 Now 9/2 Southampton & Brighton both to win Was 7/2 Now 9/2.
SEE OVER ВЈ2,000 IN FREE BETS HERE.
Commercial content notice: Taking one of the bookmaker offers featured in this article may result in a payment to The Sun. 18+. T&Cs apply. Begambleaware.org.
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College Football Las Vegas Odds.
Spread В· Money Line В· 1st Half Page 1 В· Page 2.
Where to Bet: WynnBET FanDuel BetMGM DraftKings Fox Bet Bet365 PointsBet Unibet BetRivers All.
How to read College Football Las Vegas Odds.
Similar to our Money Line and 1st Half Odds, every matchup is listed in order of Rotation and those numbers are preceded by the Date and Time of the College Football game.
The rotation for college football games typically lists them by scheduled starting time, which can lead to some confusion since the number will remain the same even if the games wind up changing due to television networks often shifting around action to present more attractive matchups. Home teams are listed at the bottom and will therefore be your even-numbered squad.
The numbers next to the teams are called Spreads or Point-Spreads .
If there is no favorite or underdog, the line is called pick’em and is represented by (PK). Winner takes it. The amount of points a team is favored by is set by oddsmakers on Sunday afternoons and that figure fluctuates throughout the week based on the amount of money coming in on bets.
Opposite from the spread you’ll find the Total , which represents what oddsmakers believe will be the combined number of points scored between the teams. That number also increases or decreases based on bets coming in on the Over or Under .
How to Bet College Football Las Vegas Odds.
The key to wagering successfully in college football spread betting is to decide early how many points you’re willing to lay with Favorites and to get in at the lowest possible spot.
If you’re going to back the Underdog , make sure you’re getting the most points possible entering the game. The skill in this often requires you to forecast how a game will be wagered since we often see opening lines bet up over the course of the week due to the majority of the money coming in on the favorite.
Of course, getting in too early can often backfire if a better number appears over the course of the week or if injuries that are typically not announced until coaches give status reports on Monday press conferences dramatically alter expectations. There’s also a big rush on betting action just before the kickoff of any game, which means you may be best off waiting until kickoff approaches to get the right number.
Take the 2019 college football Big 12 matchup between Texas-West Virginia as a prime example. The Longhorns opened as an 11.5-point favorite and won 42-31 after the Mountaineers scored the game’s final touchdown with :48 left. West Virginia backers who got in early prevailed on that score, while Texas bettors who guessed wrong and got in too early caught a “bad beat.” Those who waited and laid only 10.5 points still cashed. Get in at the best number!
College Football Opening Line.
Opening Lines in college football are typically set on Sunday afternoons in the current week and you usually see immediate action cause line movement. The Spread is based on a rough projection of a score for every matchup, although oddsmakers have a good idea of what side the betting public will want to bet and usually saddles that team with an additional point or three. The same goes for the Total, which projects the combined number of points expected in a contest.
These numbers are based on simulations that take a number of statistical factors into account in addition to baking in injuries, a homefield advantage that is typically worth three points and any other potential edges. Teams coming off bye weeks are usually given an edge thanks to increased preparation time and fresher bodies. Teams coming in on short rest or that have to travel out of their element typically find themselves penalized in a point spread.
UCLA at Cincinnati (-4)
In the above example, UCLA was made a four-point underdog against Cincinnati in the 2019 season opener for both. The betting public jumped on the team from the higher-regarded conference, perhaps believing that the West-Coast team heading more than halfway across the country was being penalized too harshly and the line closed at 2.5 points. Cincinnati prevailed 24-14. The opening line of 4 was accurate in calling for a larger margin of victory than the closing line, which is where the ‘opener’ ultimately ends up.
VI Consensus College Football Line.
The Total is also available on the VI Consensus line and similarly consists of the current betting line which most frequently among our list of Las Vegas and Global sportsbooks. For an example, in the most recent National Championship between LSU and Clemson , there was significant line fluctuation throughout the two-week lead up. LSU was laying 5.5 to 6 points in multiple locations as the favorite. The battle of Tigers ended with LSU blowing out Clemson 42-25, covering the spread handily.

Premier League odds, Prince-Wright’s picks: Week 23.
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EPL betting odds for Premier League Week 23 have been released but we know the bookies don’t always get it right and there is plenty of cash to be made.
Here are the latest Prince-Wright’s Premier League score predictions as the Premier League 2020-21 season is in full flow and the EPL betting odds are all over the place with the table so tight, injuries having an impact and some of the big boys have come roaring back in recent weeks.
The Premier League score predictions below encompass the games during Week 23 of the season, as we continue 2021 in style with games from February 6-8 with Liverpool v. Manchester City the headline event, plus Manchester United v. Everton, Aston Villa v. Arsenal, Wolves v. Leicester City and Sheffield United v. Chelsea all tasty clashes.
If you, like me, love to dissect all the games and predict what the score will be and which team will win, I encourage you to get involved in the comments section below. Let’s have a bit of fun with these Premier League games.
Okay, so I’ve consulted my crystal ball and here’s how we see things panning out. Listen carefully, because this is very specific.
While you can download the NBC Sports Predictor app (below) and play the Premier League Pick ‘Em game yourself to predict the scores and win the prizes.
With the first section labelled “basically, free money” for the picks I think are dead certs. The section labelled “don’t touch this” means if you’re betting I advise you to stay clear, while the “so you’re telling me there’s a chance” section are the long shots. If it is better odds you are after, those are the picks to go for.
Check out our Premier League score predictions below, plus the betting odds provided by our partner, PointsBet.
PointsBet is our Official Sports Betting Partner and we may receive compensation if you place a bet on PointsBet for the first time after clicking our links.
PREMIER LEAGUE PREDICTIONS.
BASICALLY, FREE MONEY.
Liverpool 0-2 Man City – (Sunday, 11:30 a.m. ET, NBCSN) – STREAM.
Man United 3-1 Everton – (Saturday, 3 p.m. ET, NBCSN) – STREAM.
Sheffield United 1-3 Chelsea – (Sunday, 2:15 p.m. ET, Peacock Premium) – STREAM.
DON’T TOUCH THIS…
Aston Villa 1-2 Arsenal – (Saturday, 7:30 a.m. ET, NBCSN) – STREAM.
Newcastle 1-1 Southampton – (Saturday, 10 a.m. ET, NBCSN) – STREAM.
Leeds 1-2 Crystal Palace – (Monday, 3 p.m. ET, NBCSN) – STREAM.
Tottenham 3-2 West Brom – (Sunday, 7 a.m. ET, NBCSN) – STREAM.
“SO YOU’RE TELLING ME THERE’S A CHANCE…”
Burnley 2-1 Brighton – (Saturday, 10 a.m. ET, Peacock Premium) – STREAM.
Fulham 1-1 West Ham – (Saturday, 12:30 p.m. ET, NBC) – STREAM.
Wolves 2-1 Leicester – (Sunday, 9 a.m. ET, NBCSN) – STREAM.
EPL BETTING ODDS – full odds provided by our partner, PointsBet.

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п»їGain profit on every bet you place.
We give thousands of people all over the world an unfair advantage of knowing what bets to place to win every time, no matter the sport or the game outcome.
What is Sports Arbitrage Betting?
Sports Arbitrage (surebet) is a mathematically calculated arbitrage situation which allows placing bets on all the opposing outcomes of the competition with different bookmakers. You earn in spite of the outcome! Therefore, sports betting turns into an investment method with more than a 10% yield of the amount invested on a monthly basis.
What leads to arbitrage situations in sports? Bookmakers are in constant competition towards one another. Therefore, quite often they set overstated odds. As a result, sports arbitrage betting (surebet) arises.
Other Reasons of the Arbitrage Situations Appearance:
Bookmakers can’t keep track of one another’s actions. Consequently, there is a difference between their odds. Bookmaker mistakes that lead to wrong odds calculation.
Arbitrage Example.
We scan the odds, and by applying mathematical formulas to calculate arbitrage situations (surebets), report what and how much you need to bet on in order to get a safe profit.
Let’s suppose, there are 2 basketball teams - Leicester Warriors and Westminster Warriors that will play in a few days. Our surebet service, using a specially developed scanning technology, performs the following steps:
It scans all the odds on the upcoming match Leicester Warriors vs Westminster Warriors with over 100 bookmakers. It defines the best odds among all possible, and applying simple math, calculates sports arbitrage situations. It picks out the most beneficial surebets and reports where and how much you need to bet for getting guaranteed profit.
Let’s imagine that after scanning the bookies for Leicester Warriors vs Westminster Warriors, our software selected the following odds for further calculation:
Leicester Warriors Bookmaker Westminster Warriors 1.25 B1 3.9 1.43 B2 2.85.
Then, we define the inversion (L) for the results:
Therefore, B1 gets 5.6% of the revenue regardless of the outcome, and B2 – 5.1%. Our aim is to identify the odds with different bookies in the way the inversion of the opposing results to be less than 1. That is the only way sports arbitrage situations (surebets) may appear.
1. Inversion (L) for B1 and B2. Imagine that we bet on the win of Westminster Warriors with B1 and on Leicester Warriors with B2. In conclusion, we get.
The inversion for the opposing wagers is less than 1. It means that these two bookmakers with corresponding odds are suitable for arbitrage betting. So our calculations continue.
2. How much and what we should bet. On condition that we have $1000 for our bets, the wagers for B1 (V1) and for B2 (V2) are the following:
Therefore, we have to bet $268.30 on the win of Westminster Warriors with B1 and $731.70 on the win of Leicester Warriors with B2 to get a safe income.
3. Now we calculate the amount of profit (P) from the wagers placed with the bookmakers in both cases. In case Westminster Warriors wins:
In case Leicester Warriors wins:
As we can see from the calculations, having $1000 in total, we are guaranteed to get $1046.33 in spite of the outcome of the match. In this case, net profit is $46.33 or 4.42% of the total sum we bet.
In such a way, you earned your first real money betting arbitrage! Just imagine how much you can earn on arbitrage situations if betting up to 10 times a day during a month!
You can independently calculate your potential profit from arbitrage betting using our profit calculator:

What Is Arbitrage Betting?
Strategy To Beat The Sportsbooks.
Arbitrage is an advanced sports betting strategy that comes from the financial world. This strategy involves multiple wagers on the same game in order to guarantee a profit. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team.
To be clear, arbitrage is a sports betting strategy that guarantees a profit . This isn’t a get rich quick scheme and isn’t illegal. It takes effort to find an arbitrage opportunity. This kind of gambling isn’t for everyone, but all sports bettors could use this tool as part of their wagering plans.
This might sound too good to be true but it isn’t. The most difficult part about arbitrage is actually finding the opportunity.
What is arbitrage?
In the financial world, arbitrage is considered “the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.”
Arbitrage is similar for sports bettors. This betting strategy involves placing a wager on all possible outcomes of an individual game or event so that that there’s a guaranteed profit regardless of the winner. The name might sound complicated but the idea of arbitrage is actually quite simple.
How to arbitrage in sports betting.
The goal of arbitrage betting is to find inefficiencies in the sports betting market in order to guarantee a profit. Sportsbooks often set odds so that they have even (or close to even) money wagered on both sides. There are times when sportsbooks have different odds from one another and this results in an opportunity to arbitrage a game.
Arbitrage betting is done by placing multiple wagers on different outcomes of a single sports event. One of the wagers will win while the other wager will lose. If done correctly, the result will be a small win for the bettor regardless of which side wins.
Arbitrage math and results.
An example should help explain how to arbitrage a game.
New York Yankees vs. Houston Astros.
In this example, a bettor will wager $100 on each team. The total amount of wagers for this game will be $200. Regardless of which team wins the game, the bettor will be paid $110 for a winning wager plus the original $100 for a total of $210.
Altogether there was $200 wagered on this baseball game. There is a guaranteed return of $210 no matter who wins the game . The total profit of this investment was $10. This is a guaranteed 5% return; that’s solid for a short-term investment.
The return will remain the same if a bettor can risk more than $200. Grinding out small wins over time can help a bettor grow their bankroll . In the example above, the rate of return will be 5% no matter how much money is wagered.
An arbitrage opportunity can be useful for any sized bankroll. A larger bettor might be able to risk $2,000 on the same game. The 5% return, in this case, would give the bettor a profit of $100 while the 10% return would return $200.
Having a large bankroll helps grow profits quicker but isn’t necessary. Anyone can use arbitrage to supplement their sports betting bankroll.
Lastly, the odds don’t have to be the same for both wagers. The example above is just keeping the math simple.
Line shopping.
Line shopping is important for all sports bettors but especially when looking for an arbitrage opportunity. Finding the best odds for a game will take place at multiple sportsbooks. Unfortunately arbitraging a game isn’t a get rich quick scheme. Finding the right odds takes time and effort. Having said that, this extra work also helps a bettor become profitable.
Even if this isn’t a particularly fun strategy, the underlying approach can be helpful for all sports bettors. Line shopping is one way to be a more profitable sports bettor – and it isn’t difficult in most states that have multiple legal sportsbooks.
The process of line shopping isn’t difficult but it does take a time switching between apps and websites to compare the information. Visiting different sportsbooks to find the best lines and odds will help a bettor in multiple ways.
An arbitrage opportunity will always be profitable. Finding the best moneyline for an event will obviously pay more money. Finding the best point spread for a game increases the chance that a team will cover and the bettor will win the wager.
There’s always an upside to placing bets with the best odds available.
Arbitrage isn’t for everyone.
Sports betting arbitrage is an advanced strategy and it’s not for everyone. All sports bettors want to win but they have different motivations. Recreational sports bettors often seek to have some action on the game they’re watching or the team they’re rooting for.
Sure all bettors want to win but sometimes the goal is to have fun watching the game and to win money based on predicting the outcome correctly.
Professional sports bettors are strictly gambling to make a profit. These bettors appreciate being able to find arbitrage opportunities. Pro sports bettors are always looking for ways to make money when wagering on sports and are typically the type of bettor most open to arbitrage.
There’s a large number of sports bettors that fall in between these two extremes. These bettors will put in the work to find the best information and odds for games they’d like to wager. Many will do the extra work to find an arbitrage situation because generating a profit is the most fun part of gambling. However, arbitrage betting takes time and even an advanced recreational bettor may not have time to always seek out opportunities.
There are pros and cons to all kinds of sports wagers. Arbitrage is a great opportunity to generate small guaranteed profits on a game. This is another great tool available to sports bettors.

Sure Bets - TOP 10.
With sure bets you should always win. Use the calculator icon to count stakes. Sure bets are calculated from across all bookmakers we cover on OddsPortal. We only list 10 most profitable sure bet opportunities.
Want more than 10 sure bets? GET MORE >>
Sure Bets Help: Make certain profit from sports betting by placing sure bets, sometimes also called arbitrage bets or arbitrage betting. Sure betting is placing one bet per each outcome with different bookmakers of a particular sports game or event. Since each outcome is backed with mathematical advantage, a win is guaranteed. The winning bet will cover all losing bets and the bettor can make a profit. Click on the calculator logo in the Sure bets section above, enter total amount you wish to bet, calculate your bet and place sure bets - bets you cannot lose with. If you want your stakes & winnings to be rounded up simply tick the box below the table. We only list sure bets for the next 7 days. Use the market discrepancies to your benefit with Odds Portal using sure bets and our betting odds monitoring tools. You might also be interested in Value bets.
Disclaimer: Whilst every effort is made to keep sure bet opportunities up to date and precise, we take no responsibility for the data accuracy. Please note that from time to time, we may receive inaccurate information from bookmakers/sportsbooks about their current odds values, or sure bets may expire before you take any action. Always verify latest betting odds by checking bookmakers’ websites before placing a bet. Read more on sure betting and its risks in our News section Sure betting risks explained.

What’s the Best Way to Finding Arbitrage Betting Opportunities?
Sports betting is supposed to be extremely hard to beat. In fact, only a small percentage of bettors win long-term profits through this type of gambling.
Arbitrage betting (arbing) offers you a shortcut toward making money.
You can be the world’s worst handicapper and still win through arbing.
This method involves wagering on all outcomes of a match in a way that guarantees profit. To do this, you must find two or more bookmakers that differ enough on the odds to lock in your win.
Here’s an example:
The trouble with arbing is that it doesn’t offer a very big profit margin. Nevertheless, you can still win a decent amount of money if your wagers are large enough.
Of course, you have to find good arbs before counting your winnings. That said, I’ll discuss more on this subject, including software that can help you spot profitable opportunities.
The Main Challenge Is Finding Arbs.
The sportsbook and online sportsbooks aren’t any help themselves aren’t any help with arbitrage betting; they actually despise arbers. Therefore, you’ll be on your own when trying to find these opportunities. Assuming you can regularly spot arbs, then you can make profits again and again.
The good news is that plenty of arbs exist on a daily basis.
After all, the sports betting world is filled with different markets.
The trouble, though, is that you need to both find arbs and bet on each leg in time. Assuming you mess up just one of the legs, then your guaranteed profit will likely be gone.
Here’s an example:
Arbitrage betting is a combination of making profitable wagers and capitalizing on opportunities in time. If you’re able to master these skills, then you can look forward to consistent winnings.
You Can’t Rely on Finding Arbs by Yourself.
Your first inclination regarding arbitrage gambling may be to try and find opportunities yourself. Doing so requires monitoring a variety of sportsbooks and looking for potential arbs.
You can theoretically still find winning opportunities this way. But your chances of doing so with any consistency are next to nothing.
Again, bookmakers hate arbers.
They normally remain close to each other in terms of odds to avoid giving up arbs.
Of course, sportsbooks do differ enough on the odds sometimes to create winning opportunities. But they often close these gaps before too many gamblers can take advantage.
If you’ve got 10 sportsbooks open on your phone and keep refreshing them, then you’ll be terrible at timing arbs. Long story short, you can’t do it on your own.
You Must Use Arb Software.
The only sensible way to arbitrage bet is to use software. You need a program that specifically seeks out arbitrage betting opportunities.
Some programs are designed solely for finding arbs and alerting you to them.
These “arb finders” are even available for free in some cases (covered later).
General sports betting software programs can do the same trick in some cases. You can also use these programs for other purposes, such as finding steam moves, public betting percentages, and updated odds.
The key is for you to find a program that tracks this information so you don’t have to.
Free Arbitrage Betting Software Exists.
You’ll be pleased to know that you don’t have to spend anything on arbitrage gambling software. Instead, plenty of free programs exist across the internet.
The obvious advantage of free software is that you don’t need to pay for anything. Instead, you can just fire up these programs and begin looking for arbs.
The downside is that freebies don’t work extremely well.
They suffer from the following problems:
They don’t cover many markets They don’t refresh quickly Odds often come in on a delay It’s hard to bet each leg in time when relying on these programs.
You may ultimately decide to invest in software when considering free programs’ limitations. But if you’re still interested in the latter, then you’ll be happy to know that they’re easy to use.
Many companies offer a free version of their software that includes an arb-finding option.
You can continue using this version until deciding to upgrade to the premium service.
The arb-finding feature is self-explanatory in most cases. You just need to apply the relevant filter to figure out where you can take advantage of arbs.
You May Want to Buy Software.
Whether or not you decide to pay for arbing software depends upon how serious you are about the matter.
You might begin by using a free service and placing low-stakes wagers.
This route gives you a chance to decide how serious you are about the matter.
Assuming you do become a serious arber, then you should consider upgrading.
Doing so provides you with the following advantages:
Odds refresh faster and give you a stronger chance to bet every leg in time. Your get extra features, such as alerts, arbing calculator, and more-detailed filters. More markets are covered.
Of these benefits, speed is of the utmost importance. Arbs don’t hang around forever, making free programs risky.
You can cut down on this risk by paying for software. You’ll receive refreshed odds at a faster rate with more in-depth programs.
Concerns With Arbing and Paying for Software.
The other side of the equation is that you might not find arbing enjoyable or worth your time. You’ll especially feel this way if you have a small bankroll and are only making a few dollars per arb.
Even with the best software, arbitrage betting can be a time-consuming process.
You’ll likely question the hours you pour into the matter with the slim profit margins involved.
Another downside is that your account may be limited or even banned.
Conclusion.
Arbitrage betting is a promising way to make money through sports gambling. When arbitrage betting is done right, it can deliver guaranteed profits.
You just need to find situations where bookmakers differ enough on odds for a given match to win. Of course, this process is easier said than done.
Technically, you can find arbs by yourself. You can constantly refresh online sportsbooks on your phone and monitor the odds. But you’ll be putting yourself through hell with this method.
Instead, you should use either free or paid arb finders.
These programs are designed to monitor lines and alert you to arbs. This scenario cuts out a lot of the work involved with arbitrage gambling.
The good news is that you can use free programs if you don’t feel like investing in software.
The drawback, though, is that free arb finders don’t refresh odds quickly or cover as many markets.
Buying software comes with the obvious downside of having to spend money. But the benefit is that you’ll get updated odds faster and find arbs across more markets.
In the end, you need to decide how serious you are about arbitrage betting.
Assuming you’re really serious about making money from the matter, then you should pay for software.
If you just want to get your feet wet with arbing, then the free programs should suffice. You may even be able to make a little money with this software.
I suggest arbing with a large bankroll. The more you’re able to wager, the higher profit margins you’ll earn.
Of course, nothing is stopping you from arbing with a smaller bankroll. But the profits you earn will essentially amount to pennies or dollars per arb.
Rex Hoffman is a passionate sports writer, with over five years of experience covering sports journalism in line with the Vegas betting landscape. His favorite subjects include football, basketball, and baseball. As a Las Vegas resident, he enjoys finding an edge against the local sportsbooks and aims to share his extensive knowledge with both beginners and experienced bettors. Rex also dabbles in horse racing wagering and enjoys typical casino fare like blackjack and poker in his spare time.

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п»їUNIBET SPORTSBOOK at Mohegan Sun Pocono.
Place Bets on Your Favorite Sports.
NFL, College Football, College Basketball, MLB, NHL & NBA Golf, Tennis & CFL Boxing, UFC, Rugby, Nascar & MLS Premier League Soccer, La Liga, Bundesliga and more!
Types of Bets & Offers.
Straight bets, Parlays and Round Robin Fixed odds Money Lines Prop Bets In-Play betting.
UNIBET SPORTSBOOK AT LEHIGH VALLEY.
Sports enthusiasts, get ready to place your bets! Mohegan Sun Pocono at Lehigh Valley Race and Sportsbook is now open! Featuring a luxurious new sports lounge 27 high-definition TVs, comfortable seating, on-site full service bar and state-of-the-art betting terminals, you won’t miss a moment of action.

Casino Niagara.
To set-up, change, or if you've forgotten your PIN, please visit the Players Advantage Booth located on the Casino gaming floor. Your personal visit to establish your PIN is to ensure you have safe and secure access to your personal account information. Please remember to bring your valid Government-issued photo ID.
Sports.
To set-up, change, or if you've forgotten your PIN, please visit the Players Advantage Booth located on the Casino gaming floor. Your personal visit to establish your PIN is to ensure you have safe and secure access to your personal account information. Please remember to bring your valid Government-issued photo ID.
Multi-Sport Wagering will be available at the Cashier’s Cage located on Level 3 beside the PAC booth. Cashier's Cage is open, Monday - Friday: 11am - 1am, Saturday & Sunday: 10am - 2am.
Casino Over/Under.
Take the over or the under on 2 - 6 games. Wager on Football, Hockey, Baseball, and College Basketball.
Casino Point Spread.
Wager on 2 - 6 outcomes to cover or beat the spread. Wager Football, Hockey and College Basketball.
Casino Odds.
Wager on 2 - 6 games and/or individual players. Wager on Hockey and Baseball.
Casino Props.
Wager on 3 - 6 football props per ticket. Plus — we pay your tickets within an hour of the end of the game!
Parking.
We offer ample on-site self-parking conveniently located at Casino Niagara.
Eat & Play!
Buffet dining at its best! Join us at the Market Buffet for an all-you-can eat extravaganza and then try your luck with our numerous slots and table games!

Casino.
Sports Lounge.
Win Big With Your Team.
The Sports Lounge is the hottest ticket around! You can bet on all your favorite sports, games and fights, including pro football, pro hockey, college sports, boxing and much more. You decide what to bet on, whether it’s points, money line or planning to parlay your way to a big win.
Get in the Game at the Sports Lounge.
The Sports Lounge at Seneca Niagara is the place to watch the action and place your wagers. Take in the games and matches on big-screen TVs, place your bets, and order a nosh all in one place—the Sports Lounge at Seneca Niagara.
Hours of Operation*
Kiosks Only Counter Open Daily: 10 AM – Midnight.
*Hours are subject to change at management’s discretion.
Bring Your Own Bet (BYOB)
Look for the QR code when at Seneca Niagara and scan it to get started.
House Rules.
Just like when you play a game, you have to know the rules first. Because there are so many ways to place bets and win big, make sure you know how to play.
Sports Betting Guide.
See FAQs, reference a step-by-step guide for how to place a bet, and learn the vocabulary for different kinds of bets in this handy guide.
Frequently Asked Questions.
What are the hours of operation of the Sports Lounge?
Kiosks are Open.
Counter Open Daily: 10 AM – Midnight.
*Hours are subject to change at management’s discretion.
Where are the Sports Lounges located?
All Sports Lounges are located on the Gaming Floor at each property.
When can bets be placed?
Bets can be placed at the betting counter with a Sports Lounge Ticket Writer during Sports Lounge operating hours. You may also place a bet at one of our self-service kiosks 24 hours a day.
Are cash and credit accepted at the Sports Lounge?
Sports wagers may only be placed with cash.
How can I cash out a winning ticket?
You can cash out a winning ticket at the betting counter within the Sports Lounge during operating hours. You can also cash out a winning ticket at the Cashier’s Cage 24 hours a day.
What is the minimum bet I can make at the Sports Lounge?
The minimum wager amount you can place at the Sports Lounge is $1.
Am I able to bet on horse racing at the Sports Lounges at Seneca Resorts & Casinos?
You are not able to bet on horse racing at the Sports Lounges.
How many teams can I bet on a parlay?
A parlay wager may include up to 12 teams at the self-service kiosk and up to nine teams at the betting counters in the Sports Lounge.

Ontario Sports Betting – Betting Venues & Gambling Law.
Ontario is considered one of the more progressive provinces in Canada. It’s got an MLS team, two NHL teams, three CFL teams, and the only NBA and MLB squads in the Great White North. Also, with over 14 million, Ontario is the most populated area and the second-largest in total area with an amazing number of lakes, 250,000 freshwater lakes.
With so many sports fans, it’s a shame that they have to deal with some really inferior sports betting products served by the government which can also be found in the other provinces as well all over Canada. This is why some of the wiser sports betting enthusiasts try to discover some better online options that are not tied to the official sports betting lottery in the country.
Recommended Canadian Sports Betting Sites In Ontario.
CAD 250.
CAD 200.
CAD 200.
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CAD 125.
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CAD 200.
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Sports Betting in Ontario.
The current OLG Proline betting system provided is considered caveman today because people have to use paper and pencil to complete their selection process. This form is still present in some other countries too, but that doesn’t mean it’s supported.
And although wagers can be placed fairly easy by going to the nearest retail store which can be any store, there are much better and more accessible options online that doesn’t include leaving your home to make the bet. To make things worse, you can’t do that through the OLG Proline website. You can preview the selections list, but you still have to make the trip to place the bet.
The main features that characterize this system are:
Five different odds categories No single game betting is allowed Tickets have to be purchased in your local retail store.
But, the biggest drawback is not the trip making or the no single game betting rule. It’s the odds. They are really inferior when comparing them to the odds found at off-shore sports betting websites, where the competition is fiercer, which results with more favorable odds. It’s as if the OLG Proline group is guided by the “something is better than nothing” thought.
On top of that, some of the betting rules are downright unfair. For example, NFL bettors must choose whether the visitor or home team will win, which is OK. But, they have to predict that the team will win by at least 8 points. They can also make a Tie bet, but in that case the game must be decided by 3 points or less. In the online sports betting world this is considered completely unfair.
Gambling Law in Ontario.
Despite all of the drawbacks with the government controlled sports betting lottery, Canada is considered one of the more relaxed countries towards gambling and sports betting. All gambling forms are legally regulated with the 1992 Gaming Control Act. With the Act, a way was made open for the first ever land-based casino in the province of Ontario.
So, sports betting is legal. And not only offline, but online too. There is a legal grey are in Ontario and all over Canada regarding online betting, which has not been addressed in any provincial law. The law says that it’s illegal for players to bet at unlicensed betting houses, but considering all off-shore sports betting websites are licensed somewhere, this does not concern bettors.
As a result, online betting is considered legal, and the citizens of Ontario or Canada in global are not persecuted for placing wagers at off-shore sports betting websites. On top of that, their winnings are not taxed at all.
Licensing Authorities in Ontario.
The gaming law is enforced by the Alcohol and Gaming Commission of Ontario. Some provinces share the same agency, but Ontario has its own. It was established in 1998 and its job is to care for the public interest and oversee all gambling activities so that they are considered socially responsible.
Population of Ontario.
Ontario is the second-largest province in Canada in total area, but the biggest in population. This province has 14 million residents and accounts for nearly 40% of all Canadians. The majority of Ontarians are of European decent, which means English, Scottish, Italian, Irish and French . The majority of the people in Ontario consider themselves Catholic and Protestant, but there is also a great deal that have not professed any religious affiliation. The official language is English, while French is largely spoken in the northeastern parts.
Offline Betting Venues in Ontario.
All of the offline venues that provide gambling services are owned and co-owned by the Ontario Lottery and Gaming Corporation. They manage 10 land-based casinos and directly operate with:
The other are operated by private companies which are licensed by the OLG such as Niagara Fallsview Casino Resort, Caesars Windsor, and Niagara . When sports bettors want to play some slots or table games, they can do that outside of the casinos too at some of the racetracks across the province. There are also poker rooms in each of the 10 land-based casinos operated by OLG. The largest of all venues is the Casino Niagara.
Conclusion.
Ontarians like other Canadians have almost total freedom where to bet on sports. They have the option to make Proline bets, which is considered an inferior betting system, or to bet online where the variety is much bigger and the odds are much more favourable. At the moment sports betting is available only through retail stores, so players can’t bet on sports in casinos like in Las Vegas.

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Betting Odds Explained – A Beginner’s Guide to Gambling.
Betting odds tell you how likely an event is to happen They also tell you how much money you will win However, at first, they may seem confusing and complex Our comprehensive guide takes you step-by-step to explain them.
If you’re new to betting, one of the first things you should do is learn how betting odds work. It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you.
In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
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Using Betting Odds to Calculate Probability.
Whenever you see two numbers separated by a trailing slash, i.e. 10/1, this is known as fractional odds. From this, you can calculate how likely a given event is to happen with a calculation. For ease of explanation, let’s replace the numbers with letters i.e. 4/1 becomes A/B. Here is the calculation: Probability (%) = B / (A+B).
Hooray! We’re making progress. Given a fraction, we can now tell how likely (the probability) what we’re going to bet on will happen. Now let’s figure out how much money can be won using betting odds.
Using Betting Odds to Calculate Winnings.
Betting odds allow you to calculate how much money you will win if you make a bet. Let’s use the same examples as before, with the same replacement of numbers for letters, i.e. 4/1 becomes A/B. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake.
9/1 for every ВЈ1 you bet, you will win ВЈ9. 4/1 for every ВЈ1 you bet, you will win ВЈ4. 1/1 for every ВЈ1 you bet, you will win ВЈ1. 1/4 for every ВЈ4 you bet, you will win ВЈ1.
What About Decimals?
Decimals are far more common on exchanges, such as Betfair, but all leading betting sites do give you the option to view betting odds in this format. They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out. Here is the calculation: winnings = (odds * stake) – stake. Let’s illustrate it with some examples.
9.0 can be calculated as (9.0 * £10 stake) – £10 stake = £80 winnings. 4.0 can be calculated as (4.0 * £10 stake) – £10 stake = £30 winnings. 2.5 can be calculated as (2.5 * £10 stake) – £10 stake = £15 winnings. 1.25 can be calculated as (1.25 * £10 stake) – £10 stake = £2.50 winnings.
You can use our bet calculator to help you calculate winnings. USE BET CALCULATOR.
Decimal Odds Versus Fractional Odds.
In truth, one isn’t better than the other but there is certainly a trend emerging towards decimal odds. Historically fractional odds were used in the UK, especially on racetracks and on the high street. There are two key differences. Generally, decimal odds are easier to understand. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds. Now, they’re largely all in decimals. Don’t hesitate to check out our exclusive Premier League Betting Offers !
The second difference between the formats is that fractional odds only represent winnings, and do not include the returned stake compared to decimals which do include the stake. The transition from fractional odds to decimals largely kicked off with the growing popularity of the betting exchanges such Betfair. For odds to change slightly, it’s really difficult to marginally increase or decrease the probability without creating large fractions which are hard to compute for the punter.
Use Our Tool to Convert Betting Odds Into Your Favourite Format.
Our odds converter tool will allow you see odds in whatever format you like . Not only that, but it’ll tell you how likely the selection is to win!
In Summary.
Next steps.
That’s it! Hopefully, that clears up betting odds. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win.
Found this article useful? We have loads more similar ones in our learning section . Here are some popular ones; Find out if using tipsters can improve your chances of winning Each way betting explained Learn what laying a bet means Understand how handicap betting works Our homepage lists all available betting sites for new customers .

Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
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Expert Picks.
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DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.

Sports Betting Odds.
Sports Betting Odds Explained.
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

How Do Odds Work in Betting?
If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds.
How Fractional Odds Work.
Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a “slash (/)” or a “hyphen (-),” e.g. 6/1 or 6-1 and announced as “six-to-one.” Fractional odds are used by some of the world’s largest bookmakers, making them the most preferred odds across the globe.
Therefore, the total (potential) return on a stake can be stated as:
For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.
Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1.
It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet.
In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800.
How Decimal Odds Work.
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
The total (potential) return on a stake can be calculated as:
For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker.
Donald Trump: 4.00 Joe Biden: 1.3.
These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300.
Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned.
Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win.
How American (Moneyline) Odds Work.
Let’s understand this with the help of an example:
One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds.
In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.
Key Takeaways.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
The Bottom Line.
If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.

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п»їChiefs vs. Buccaneers prop bets, odds: Vegas experts unveil top 30 picks, predictions for 2021 Super Bowl.
SportsLine's Vegas insiders reveal their top Super Bowl LV prop bets.
With plenty of ways to bet the big game, professional and amateur bettors alike are scouring the latest 2021 Super Bowl prop bets in search of an edge. The Kansas City Chiefs and Tampa Bay Buccaneers have exciting offenses loaded with playmakers, but does that mean you should load up on overs as you make your 2021 Super Bowl prop picks? Or should your 2021 Super Bowl betting strategy involve exploiting the unders?
The latest Super Bowl 55 prop lines list Tom Brady as the 2-1 favorite to register the first turnover, with Mahomes at 5-2 and the two starting running backs listed at 15-1. Should you go against the grain with your 2021 Super Bowl props? Before locking in any NFL prop bets for Super Bowl LV, you need to see the Buccaneers vs. Chiefs prop predictions from SportsLine's proven NFL experts.
SportsLine's team of experts include R.J. White, Larry Hartsein, Kenny White, Emory Hunt, Mike Tierney and Mike McClure. White is the CBS Sports gambling and Fantasy editor and enters the 2021 Super Bowl as SportsLine's top NFL expert. He's on an 80-56 run on all NFL picks, returning over $1,500 during that span.
Hartstein is SportsLine's senior analyst and on a 22-12 run on his NFL against the spread picks, returning well over $800. Hunt, Tierney and White are all experienced sports bettors, and McClure is a professional DFS player with nearly $2 million in winnings. As SportsLine's predictive data engineer, McClure also specializes in player projections and advanced statistical analysis.
With the 2021 Super Bowl scheduled for Feb. 7, SportsLine's team of experts have evaluated the NFL player props and locked in their top 30 2021 Super Bowl prop picks. You can only see them here.
Top Super Bowl 55 prop picks for Chiefs vs. Buccaneers.
McClure is backing Chiefs wide receiver Tyreek Hill to go over 89.5 receiving yards. In Kansas City's Week 12 victory over Tampa Bay, Hill hauled in 13 receptions for 269 yards and three touchdowns. He's also finished with at least 110 receiving yards in his last two games.
"Hill hit this number in the first quarter in the November matchup between these two teams," McClure told SportsLine. "While I'm not expecting a 269-yard game, my median simulation number is 96.4 yards in this matchup. The most attractive thing about betting a Hill over is the fact that he can turn a four-yard pass into a 50-yard gain very easily."
Another 2021 Super Bowl prop bet SportsLine's experts are all over: Tierney is backing Hill as the 2021 Super Bowl MVP at 12-1. Hill matched his career-high with 87 receptions this season and turned that into 1,276 yards and a career-high 15 touchdown catches. He also added 13 carries for 123 yards and two more scores. His ability to strike with a game-changing play makes him a serious threat to put up the numbers that can pry the MVP out of the quarterback's hands.
In Week 12 when the Chiefs visited the Buccaneers, Hill caught 13 passes for 269 yards and three touchdowns. "Coach Andy Reid finds creative ways to get Hill the ball," Tierney told SportsLine. "A wide receiver, Julian Edelman, accepted the Super Bowl MVP award two years ago. Mostly, it's a quarterback honor, but the odds for Patrick Mahomes and Tom Brady are too short."
How to make 2021 Super Bowl prop bets for Buccaneers vs. Chiefs.
In addition, SportsLine's elite NFL experts also pounded props with big plus-money payouts, including a prop with a monumental 100-1 payout. Check out the top Super Bowl prop bets from SportsLine's proven NFL experts before making any Chiefs vs. Buccaneers picks.
Which Super Bowl LV prop bets should you target? And which prop would bring a massive 100-1 payout? Visit SportsLine now to see the top Super Bowl 55 prop bets, all from a team of Vegas insiders with decades of experience crushing the NFL.

NFL Las Vegas Odds.
Spread В· Money Line В· 1st Half Page 1 В· Page 2.
(IL) If you or someone you know has a gambling problem, crisis counseling and referral services are available by calling 1-800-GAMBLER (1-800-426-2537).
(IA) If you or someone you know has a gambling problem and wants help, call 1-800-BETS-OFF.
(IN) If you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. Indiana Self-Restriction Program.
(NJ) Bet with your head, not over it! Gambling Problem? Call 1-800-Gambler.
(PA) If you or someone you know has a gambling problem, help is available, call 1-800-Gambler.
(WV) If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.

Nfl betting odds vegas.
(IL) If you or someone you know has a gambling problem, crisis counseling and referral services are available by calling 1-800-GAMBLER (1-800-426-2537).
(IA) If you or someone you know has a gambling problem and wants help, call 1-800-BETS-OFF.
(IN) If you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. Indiana Self-Restriction Program.
(NJ) Bet with your head, not over it! Gambling Problem? Call 1-800-Gambler.
(PA) If you or someone you know has a gambling problem, help is available, call 1-800-Gambler.
(WV) If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.

NFL Las Vegas Odds.
Spread В· Money Line В· 1st Half Page 1 В· Page 2.
02/07 6:30 PM 101 Kansas City 102 Tampa Bay -3ВЅ -10 57ВЅu-10 -3 -15 56u-10 -3 -15 56u-10 -3 -10 57ВЅu-43 -3 -20 56u-10 -3 -20 56u-10 -3 -20 56u-10 -3 -15 56u-13 -3 -15 56u-10 Buy Picks.
Where to Bet: WynnBET FanDuel BetMGM DraftKings Fox Bet Bet365 PointsBet Unibet BetRivers All.
How to read Super Bowl 55 Odds.
The Kansas City Chiefs wil meet the Tampa Bay Buccaneers in Super Bowl 55 from Raymond James Stadium in Tampa, Florida on Feb. 7, 2021.
The Chiefs opened as -3.5 betting favorites while the Buccaneers are 3.5 underdogs.
After early wagers came in, most operators are holding Kansas City -3 (-120).
If you were to wager on Kansas City -3, you would have to lay 5/6 odds (Bet $120 to win $100) instead of your normal 10/11 juice (Bet $110 to win $100).
The return on Tampa Bay would be even-money (1/1) and a $100 wager would return $100.
The total or over-under on Super Bowl 55 is hovering between 56 and 57 points.
How to read NFL Las Vegas Odds.
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
Ex. Bet $110 to win $100 (10% juice) Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08 , -12 , -15 and -20 . The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
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 the best and most secure places to make NFL bets.
Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line.
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
VI Consensus NFL Line.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl.
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 Г· 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.

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п»їAuto Racing Futures Betting Odds.
2021 Daytona 500 Odds.
Contenders - Odds Comparison.
The 2021 Daytona 500 is scheduled to take place next month on Sunday, Feb. 14 and Denny Hamlin has been listed as the top betting favorite.
Hamlin is listed at 8/1 betting odds at multiple operators and he has three career Daytona 500 victories in his career, which includes back-to-back victories in 2019 and 2020.
Will he win three straight? Bettors can compare their future prices below at four of the most popular legal online sportsbooks in the United States.
2021 NASCAR - Daytona 500.
2021 NASCAR Cup Series - Championship.
Updated Tue, Feb. 2, 5:45 PM ET - Odds Provided by BetMGM - Subject to Change.
Where to Bet: Colorado Illinois Indiana Michigan New Jersey Pennsylvania All States.
The “Odds to Win” wager in auto racing is very simple to understand. Put simply, you just need to select the driver that will capture the checkered flag of the race You select any of the drivers in the race and your payout for the bet will depend on the odds given at the time of the wager. This wager can be placed until the race begins.
To figure out your Win Amount, take the odds and multiply by the amount wagered. Ex. Jimmie Johnson (5/2) - Jimmie Johnson is listed as a 5/2 betting choice. If you wager $100 on Johnson to win the event and he comes in first, then you would win $250 (5 Г· 2 x 100). You would collect $350, which includes your win and stake ($100).
What does the FIELD mean? Many races will include a betting selection called the Field. This bet consists of all drivers not listed in the “Odds to Win.” Most races have a set number of drivers but it’s rare to see oddsmakers put a price on every driver that will race. Drivers that are given the least opportunity to win the race will be grouped into the “Field” odds and paid out accordingly if they win.
Daytona 500 Odds to Win.
On Sunday, Feb. 14, 2021, the 2021 NASCAR season will head to Daytona International Speedway as the Daytona 500 aka the "Super Bowl" of the NASCAR Cup Series begins the senior circuit. There are plenty of contenders expected to be in the hunt for the first points race of the 2021 season.
Betting on NASCAR Odds.
Where can I bet on NASCAR?
There are several legal sportsbook options in the United States. Visit our sportsbook directory to find online sportsbooks where you can bet on NASCAR races.
Who are the experts picking to win?
Our experts offer picks on all the big auto racing events. Check out our preview content or pick packages for the most up to date NASCAR predictions.
What type of bets can I make on NASCAR races?
The future odds show each racer's odds to win an event outright. Certain sportsbook may also offer other betting angles, such as Top 3 Finish, Top 5 Finish, and Car Number Over/Under.
Where can I learn how to bet on auto racing?
To learn more about betting on NASCAR and other auto races, check out our auto racing betting tutorial.

Auto Racing Futures Betting Odds.
2021 Daytona 500 Odds.
Contenders - Odds Comparison.
The 2021 Daytona 500 is scheduled to take place next month on Sunday, Feb. 14 and Denny Hamlin has been listed as the top betting favorite.
Hamlin is listed at 8/1 betting odds at multiple operators and he has three career Daytona 500 victories in his career, which includes back-to-back victories in 2019 and 2020.
Will he win three straight? Bettors can compare their future prices below at four of the most popular legal online sportsbooks in the United States.
2021 NASCAR - Daytona 500.
2021 NASCAR Cup Series - Championship.
Updated Tue, Feb. 2, 5:45 PM ET - Odds Provided by BetMGM - Subject to Change.
Where to Bet: Colorado Illinois Indiana Michigan New Jersey Pennsylvania All States.
The “Odds to Win” wager in auto racing is very simple to understand. Put simply, you just need to select the driver that will capture the checkered flag of the race You select any of the drivers in the race and your payout for the bet will depend on the odds given at the time of the wager. This wager can be placed until the race begins.
To figure out your Win Amount, take the odds and multiply by the amount wagered. Ex. Jimmie Johnson (5/2) - Jimmie Johnson is listed as a 5/2 betting choice. If you wager $100 on Johnson to win the event and he comes in first, then you would win $250 (5 Г· 2 x 100). You would collect $350, which includes your win and stake ($100).
What does the FIELD mean? Many races will include a betting selection called the Field. This bet consists of all drivers not listed in the “Odds to Win.” Most races have a set number of drivers but it’s rare to see oddsmakers put a price on every driver that will race. Drivers that are given the least opportunity to win the race will be grouped into the “Field” odds and paid out accordingly if they win.
Daytona 500 Odds to Win.
On Sunday, Feb. 14, 2021, the 2021 NASCAR season will head to Daytona International Speedway as the Daytona 500 aka the "Super Bowl" of the NASCAR Cup Series begins the senior circuit. There are plenty of contenders expected to be in the hunt for the first points race of the 2021 season.
Betting on NASCAR Odds.
Where can I bet on NASCAR?
There are several legal sportsbook options in the United States. Visit our sportsbook directory to find online sportsbooks where you can bet on NASCAR races.
Who are the experts picking to win?
Our experts offer picks on all the big auto racing events. Check out our preview content or pick packages for the most up to date NASCAR predictions.
What type of bets can I make on NASCAR races?
The future odds show each racer's odds to win an event outright. Certain sportsbook may also offer other betting angles, such as Top 3 Finish, Top 5 Finish, and Car Number Over/Under.
Where can I learn how to bet on auto racing?
To learn more about betting on NASCAR and other auto races, check out our auto racing betting tutorial.

Guide to Betting on Auto Racing.
For as long as the human has had the automobile, the human has had auto racing. In one way or another, our fascination with racing is best defined by our relationship with the motor car. Whereas man tamed horses for the purpose of racing them, hundreds of years ago, there is no adrenalin rush quite like racing cars. For auto racing enthusiasts, this buzz is what makes the sport one of the most interesting and engaging in the world.
Adrenalin junkies will also know what an excellent cocktail betting and auto racing can be. Whether it is the IndyCar, Nascar, or Formula 1, nothing quite gets fans going like a bet on the winning driver. The high-octane thrills of superfast cars gliding around the track as enthralled fans watch on in anticipation, especially those with money on the race, is a sight to behold.
Considering you have found your way to our auto racing hub page, we can assume that you want as much information as you can get on the sport. Luckily for you, we will cover everything you need to know about auto racing, including the best way to bet, a strategy dedicated to auto racing betting, information about the different types of racing, and the best sites to place those bets.
On this hub page, we have covered everything to prepare you for betting on this incredibly popular sport. First things first, you should know how to identify a great betting site if you want to improve your chances of success. Allow us to explain, below:
What Makes a Good Race Betting Site?
Any seasoned auto racing betting enthusiast will have asked themselves this question at some point. In fairness, there are many reasons for a good race betting site standing out from the crowd. Our criteria for assessing how worthy a site is of your money is used to whittle down the very best out there. After all, there are plenty of mediocre betting sites online that will “do the trick,” but you should be a little more ambitious than that.
When we analyze any betting site, we expect to see quality and security. Looking through the many betting sites out there, we want to see a dedication to auto racing and an expertise in this field. If we are not 100% satisfied that a site is up to the task, we will never recommend them to our readers. It is easy for a betting site to promote itself as the best, but the proof is in the pudding.
Below, you will find five key areas we take into consideration before approving a race betting site for recommendation:
Security.
The foremost area we take into consideration when recommending a race betting site is security. After all, if a site does not demonstrate that they are safe and secure, we’re not touching them. We are certainly not going to recommend them to you, either. A safe and secure site should be a given whenever you are choosing to bet on auto racing. We ensure that we do our best to keep it this way for our readers.
The way we see it is that – if you follow the rules, place your bets, and win – you should have your winnings paid to you. No questions asked. A bettor should also feel safe when placing bets on a site for the first time. One of the ways we judge how secure a site truly is by considering the reputation of the company in question. Which brings us to our next point.
Reputation.
Yes, reputation can precede many betting sites. There is no doubt that a site that constantly finds a way to rub bettors up the wrong way should be avoided like the plague. However, there is a little more to it than just listening to a handful of disgruntled customers. We assess the reputation of a site in how it has performed, how long it has been in operation, and consider how the company has treated other gamblers.
One of the greatest things about the internet is the ability to really dig deep into how a company performs. Using our specific set of criteria, we can work out if the site’s reputation is in line with their image and their brand. Are they full of hot air, or are they a quality site?
Quality.
Quality over quantity. These days, many gambling sites tend to overdo it with bells, whistles, bright colors, and loud noises, in order to trick gamblers into signing up. Once a betting enthusiast has signed up and deposited real money into their account, they find that the pretty designs and colors are only papering over the cracks. Once you know the signs, you can scratch the surface a little to see just how much quality is there.
So, what makes a race betting site a quality race betting site? Well, there are many different aspects to a quality site. A great design, an easily navigable site, great customer service and support, plenty of options, and, of course, great odds and markets when it comes to auto racing.
Odds and Markets.
These days, many online betting sites want to be everything to everyone. In the competitive world of online betting, these sites will try to attract football fans, basketball fans, those who love soccer, those who love baseball, and pretty much everyone else in between. This approach can really fall flat on its face for auto racing gamblers when they find that the site has poor odds and few markets to bet on.
In fact, it can be pretty disheartening to learn that the site that claims it is the best in the world for Formula 1, NASCAR, or IndyCar odds and markets is not even remotely close. We ensure that a site that claims to be what it is can back it up. Talk is cheap, your money isn’t.
Convenience.
And last but not least, convenience is one thing we certainly take into account when recommending top auto racing betting sites to our readers. We class a number of things under the banner of convenience, such as signing up for an account, the variety a site has when it comes to payment options, restrictions they might have on who can sign up, and how easy the site is to use, for example.
What we want to recommend to our readers are sites that are as close to the finished product as possible. That means our readers can get a convenient, safe, secure, and modern betting site with the best odds and markets for their auto racing bets. Our job is to ensure that a site is well and truly checked – from top to bottom – to ensure that you, the reader, get the pick of the bunch.

Richard Childress Racing first Nascar team to sign sports betting deal.
BetMGM to serve as primary sponsor for select races during 2021 Cup Series.
Posted: February 5 2021 By: Sam Carp.
Partnership kicks off at this month’s Daytona 500 BetMGM already has sports betting deal with Nascar.
Richard Childress Racing have announced a multifaceted partnership with online gaming platform BetMGM, becoming the first Nascar team to sign a sports betting deal.
The agreement designates BetMGM as the official sports betting operator of the US stock car racing outfit and will see the company feature as the team’s primary sponsor for select races during the 2021 Nascar Cup Series.
Richard Childress, the team’s chairman and chief executive, said the partnership will also provide opportunities for the pair to “collaborate in new and groundbreaking ways”.
Matt Prevost, BetMGM's chief revenue officer, added: “Richard Childress Racing is one of the most respected and formidable teams in motorsports. Together we will develop compelling marketing opportunities and activations that introduce the BetMGM sports betting brand to Nascar fans worldwide.”
The partnership kicks off with this month’s Daytona 500, during which BetMGM will serve as the associate sponsor for Austin Dillon’s number three Chevrolet, as well as for the number eight driven by Tyler Reddick.
The deal deepens BetMGM’s ties with Nascar, which itself announced a multi-year sports betting partnership with the platform in August last year.

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