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• Las Vegas Insider Sports Odds
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• Sports Odds And Scores
• Sports Odds Website
• See Full List On Actionnetwork.com

Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

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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

• Matchup Odds
• New England Patriots +120
• Pittsburgh Steelers -140

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 sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

Las Vegas Insider Sports Odds

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:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.

In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

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:

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.

As usual Maddux Sports is one step ahead of the competition and has added a live sports odds feed to the website. Unlike some other sites that offer sports betting odds to its visitors we have created a clean layout for all of the major sports.

You will also find a ton of quality sportsbooks posting their odds on madduxsports.com. Unlike other places you cannot pay your way to get listed. MadduxSports.com only lists the elite sportsbook odds from the most respected online betting sites on the web. Places that we trust our bankrolls at on a daily basis.

The betting odds are separated by sport and we have listed each sport below. Once you click on the sport of your choosing be sure to bookmark the page so you will always have the most current and up to date sports betting odds at your disposal. Remember it is all free and is just another way that MadduxSports.com would like to thank the public for their continued support of the best sports handicapping portal on the web.

NFL Odds - This page gives point spreads and totals for the upcoming National Football League games.

College Football Lines - Covers each and every NCAA football game that Las Vegas and the online sportsbooks have posted a line for.

PPD Navy NAVY Loyola (MD) L-MD

NBA Odds - Gives readers the current National Basketball Association Odds for today's games.

Sports Odds And Scores

College Basketball Lines - The College basketball odds page gives you each and every team for division 1A that has a rotation number.

NHL Hockey Odds - Features NHL Money Lines and puck lines for NHL hockey betting.

Baseball Odds - Covers the MLB card including 1st 5 inning lines, moneylines, and -1.5 runlines.

Sports Odds Website

Stay tuned as we will continue to add quality sportsbooks and more sports like the WNBA and NASCAR in the near future.

See Full List On Actionnetwork.com

For those looking to learn more about sports betting in general check out some of the pages on picks, handicapping, and wagering below. If you haven't already check out the sports odds from Maddux Sports.