Football has been the most popular sport to bet on for quite some time. In fact, over 98 million people watched Super Bowl LIII. In this article, we will teach you how to bet on football, as well as a few tips and tricks to find winning bets.
Just like many of the other sports, you’ll find moneyline odds, point spreads, and over/under (totals) as the most common betting markets.
Reading Football Betting Odds
There are three common odds formats available to read football betting odds. These odds formats are known as Decimal, Fractional, or American. Naturally, the most popular odds format used in the US is American odds and is quite straight forward to understand.
Firstly, to find the favorite between two teams, the favorite’s odds situs judi bola resmi dan terpercaya will be accompanied by a minus (-) sign. Whereas, the underdog’s odds will be accompanied with a plus (+) sign. Secondly, the number indicates the amount won for every $100 staked.
For example, in week 3 of the 2019/20 season, the Green Bay Packers played the San Francisco 49ers. DraftKings Sportsbook was offering -313 for the 49ers to win, which means they are favorites to win (minus sign) and if you stake $100 you stand to win $31.95. Whereas, Agen Sbobet Resmi Sportsbook was offering +275 for the Green Bay Packers to win, which means they were underdogs (plus sign) and if you stake $100 you stand to win $275.
Decimal odds, also known as European odds, are popular in Europe (except for Great Britain). This odds format is a little easier to work out than American or Fractional odds. The favorite of a football matchup can be easily found because the favorite will have have a lower decimal number than the underdog. Furthermore, decimal odds represent the total return a football bettor can win for every $1 wagered. Be aware, Decimal odds show the total return from a $1 stake, as opposed to profit.
Stake x Decimal Odds = Total Return
For example, let’s use our Packers at Chiefs example above. The Chiefs were favorites with Decimal odds of 1.32. Therefore, if you wagered $100 on the Chiefs to win, you could stand to win $132. However, as the underdogs, the Packers had Decimal odds of 3.75, so if you wagered $100 on the Packers to win, you could stand to win $375.
Fractional odds, also known as British odds because they are most popular among the British and Irish sportsbooks. Initially, Fractional odds can seem confusing, but once you understand how to read them they’re not so bad. Fractional odds can be written with a slash (/) or a dash (-). The favorites can be a little harder to spot than Decimal or American odds and take a bit more mental arithmetic.
Basically, when you read Fraction odds, the number before the slash (/) or dash(-) is the profit you will make when you stake the number after the slash (/) or dash (-).
For example, if the Packers were 3/1 (aka three-to-one) to beat the Chiefs, then you would stand to win $3 for every $1 staked. However, let’s say the Chiefs are 1/1 (aka one-to-one or even money) to beat the Packers. This means that you stand to. win $1 for every $2 you wager. Therefore, we can determine the favorite as the Chiefs because their odds are lower than the Packers.