SPORTS BETTING ODDS
VegasInsider is the global leader in Sports Betting Odds and we provide the most in-depth coverage to our users, focusing on Las Vegas Betting Odds and Futures Betting Markets from all legal operators in the United States.
Free Betting Odds
The sports betting calendar never takes a day off and we've got all the major sports betting markets covered on a daily and weekly basis, plus we offer a wide range of coverage on key events across the industry that are listed below.
Popular Odds Betting Markets
VegasInsider covers every sports betting event in the United States with a focus on the major four professional sports and the two college betting markets.
How to Read Betting Odds
Betting odds are a measure of how likely or unlikely a sportsbook finds an event to be. The more likely an outcome is, the less you can make wagering on that outcome. Conversely, betting on the less likely outcome correctly pays much better.
Learning how to read odds is the foundation of developing a successful sports betting strategy. So how do odds work anyway? Let’s break it down in the next section with the basics of betting odds explained.
Types of Betting Odds
Now that you know how to read odds a little better, let’s take a look at the different types of wagers. So how do odds work when it comes to these different types of bets? Read on to see each type of betting odds explained.
A money line is one of the simplest kinds of betting odds explained in this guide. Here you are simply betting on a result of a match, whether that is one team winning or the game ending in a draw. As long as you pick the correct outcome, this bet will payout for you.
These bets can be found for any sport, but are most common in low-scoring games like baseball, hockey, or soccer.
Point spread bets are popular for many sports. With these betting odds, you are wagering on whether the favored team in a matchup will not only win, but win by more than the number of points that the provider is estimating. This estimate is called the spread.
You can figure out how to read odds with point spreads by taking a look at the number shown next to the odds. For instance, if you see Dallas Cowboys +7, you are betting on whether or not the Cowboys will win their game by more than 7 points.
Sometimes referred to as an over/under, these betting odds are wagers placed on whether the total score between both teams in a game will be higher or lower than what the provider predicts.
You place a wager on whether the total score between the two teams will be higher or lower than the total offered. Learning how to read odds like these and predicting what games will be high scoring are crucial skills as a sports bettor.
What are the most common betting odds formats in the US?
American betting odds display with a plus or minus sign followed by a number. Negative numbers indicate the favorite, while positive numbers indicate the underdog. NFL games are one sport often listed with American odds.
Fractional odds, as you might expect, display with one number over another number. The numbers are separated by a slash or hyphen. UK and Irish bookmakers favor this format, making it a common sight on soccer betting odds.
Decimal odds appear with a whole number followed by a decimal. This format is used in many sports internationally. You may see these odds on global events like the PGA tour, tennis tournaments, or the Olympics.
How to bet Futures Odds
So far, the different types of betting odds have all been wagers on single events within the upcoming week or two. Futures are wagers placed on, you guessed it-- future events. The most popular Futures Betting Markets in the major daily and weekly sports betting leagues are listed below:
- Odds to win Super Bowl
- Odds to win NBA Finals
- Odds to win World Series
- Odds to win Stanley Cup
- Odds to win College Football Playoff
- Odds to win Men's NCAA Tournament
Predicting these events so far in advance is difficult, so learning how to read odds like these can give you some of the most lucrative payouts in sports betting.
Instead of placing a basic wager of $110 to win $100 on a team or individual, in most cases you're going to bring back a higher return and are always plenty of long shots that surprise each season.
Another name for Futures Odds is Odds to Win and it's very simple to understand.
You just need to select the team or individual to win the event before it starts and your payout for the bet will depend on the odds given at the time of the wager. To figure out your Win Amount, take the odds and multiply by the amount wagered.
Futures Odds Example:
Las Vegas Raiders (40/1) to win Super Bowl
A bettor placing $100 on the Raiders to win the Super Bowl would win $4,000 ($100 x 40). When going to the betting window at your local retail sportsbook or checking your online sports betting account, you would receive $4,100 which includes your win ($4,000) and the stake ($100) or amount wagered.
Our Futures Odds Index provides all the key events for every global sport.