Betting numbers play a major role in the gambling scene in the United States. No matter if you are a casual bettor or a professional player, understanding the different betting numbers and calculations is essential to succeeding in your betting endeavors.
Here, we will give you the necessary information to interpreting those betting numbers and put you on the path to becoming a profitable bettor.
Understanding the Different BettingNumbers
The first step to unlocking the secrets to understanding betting numbers and making winning bets in the US is to know the different types of betting numbers. Here are the most commonly used ones:
- Odds: The first number used when betting. It’s used to indicate the probability of a specific outcome for any bet being placed. The higher the odds are in favor of a certain outcome, the smaller the payout will be.
- Moneyline: This betting number represents the winnings you’ll get if you win a specific bet (minus any applicable fees). It’s usually expressed as a positive or negative number, with a negative moneyline being the favorite.
- Spread: This number is used to balance the odds in an event where one team is favored over another. When betting a spread, the more heavily favored team must cover the spread in order for a bet to be a winner.
- Point Total: Also called the “over/under”, the point total represents the combined points of both sides in a given event. You can bet that the point total for an event will be greater or lesser than the number set, making it one of the most popular betting options.
Using Betting Calculations
Once you understand the different types of betting numbers, it’s time to learn how to use them to make winning bets. Here are the most widely used calculations in the US betting scene:
- Bet to win: This calculation is the simplest one, as it relates to the moneyline. Simply multiply the amount wagered by the moneyline and you get the amount won in a successful bet.
- Bet to break even: This one is mainly used when betting a spread. It indicates the amount you must wager in order for both outcomes to break even. To calculate it, simply divide the higher moneyline by the lower one and multiply it by the amount wagered.
- Bet to cover: This calculation is used in spread betting, as it indicates how much you have to wager in order to cover the spread regardless of which team ends up as the winner. To calculate it, simply divide the higher moneyline by the lower one and multiply it by the amount wagered.
Conclusion
Now that you understand the different types of betting numbers and calculations, you can go ahead and make the right wagers based on the data available. Just make sure to consult our website for the latest betting numbers and take into account your personal risk tolerance. Good luck and may you make the winning bets!
What types of bets are available in the US?
1. Straight Bets – Bets on the outcome of a single event.
2. Parlays – A bet on two or more teams with the potential to receive a higher payout.
3. Teasers – A wager on two or more teams to beat a point spread.
4. Moneylines – A bet on the outright winner of a single event.
5. Futures – A bet on the outcome of a season such as a team winning a championship.
6. Props – A wager on any single or multiple occurrence related to a single game or event (offense and defense stats, individual player performances, etc.)
7. In-Play betting – An in-game live wager during the course of a game.
What are the popular types of sports betting in the US?
1. Football: betting on the outcome of professional and college football games.
2. Basketball: betting on the outcome of professional and college basketball games.
3. Baseball: betting on the outcome of professional baseball games.
4. Horse Racing: betting on the outcome of horse races across the United States.
5. Soccer: betting on the outcome of soccer games and tournaments.
6. Golf: betting on the outcome of golf tournaments.
7. Motor Racing: betting on the outcome of motor races around the world.
8. Boxing: betting on the outcome of boxing matches.
9. MMA: betting on the outcome of mixed martial arts matches.
10. Tennis: betting on the outcome of tennis matches and tournaments.
What are the legalities of sports betting in the US?
Sports betting is legal in the US in some states. Following the Supreme Court decision in May 2018 that removed most of the federal restrictions barring states from regulating sports betting, several states have legalised and implemented laws governing the industry. The states that currently allow sports betting are Delaware, New Jersey, Mississippi, Pennsylvania, West Virginia, Rhode Island, New Mexico, Arkansas, Indiana, Iowa, Montana and Oregon.
Each state has its own regulations governing legal sports betting. These laws generally cover the types of bets that can be placed, the age of bettors, how sportsbooks must be licensed, the allowed methods of payment, where bets can be made, taxes and fees. It is important to familiarise yourself with the legalities of sports betting in each state before attempting to place bets.
What states in the US allow sports betting?
As of April 2021, the following states allow sports betting: Colorado, Delaware, Illinois, Indiana, Iowa, Michigan, Mississippi, Nevada, New Hampshire, New Jersey, New Mexico, Oregon, Pennsylvania, Rhode Island, Tennessee, Virginia, and West Virginia.
What states allow mobile sports betting?
As of 2021, the following states allow mobile sports betting: Colorado, Iowa, Indiana, New Hampshire, Nevada, New Jersey, Pennsylvania, Rhode Island, Tennessee, West Virginia, and Virginia.