Online Sports Betting Odds

Online sports betting apps are popping up all across the US. Almost two dozen states already have sports betting in some format, and more are on the way. State legislatures are beginning to grasp the large opportunity presented by sports as eager bettors await regulation in their home states.

What are the odds on this and what are the odds on that? If you pay attention, you’ll hear sports betting references regularly in everyday conversation and even more so when watching sports or TV. “This is a big upset in the making as Team X was an underdog of 14 points today,” an announcer will say. Sports betting lines are common in your favorite leagues such as football, basketball. Learning about betting odds. Top Sportsbooks. There are hundreds of sports wagering sites vying for your business and it can be difficult to identify the secure, reliable ones. BetNow.eu is the best online sportsbook website providing top of the line sports betting, racebook, gambling and casino action. Join and bet on sports and take advantage of the greatest sportsbook. Las Vegas Betting Lines at VegasInsider.com. Specializing in free sports picks, gambling handicappers, Internet sports betting odds and online sportsbooks.

As a result, the US is becoming a hotbed for sports betting, and many of the states that have sportsbooks allow betting online. This means bettors can place wagers online via desktop or mobile devices, making sports betting easier than ever.

Plus, playing at legal, licensed, and regulated sportsbooks keeps you safe as a player. Luckily, there’s a wide variety of options to choose from.

Simply put, sports betting is weaving its way into many corners of the US. Below we have created exclusive sports betting tools and calculators to help you bet better!

What Types Of Sports Betting Tools & Calculators Are There?

How To Use An Odds Calculator

Odds calculators help you determine what your payout would be if you were to make a specific bet. You can plug in your desired bet amount and the odds a sportsbook gives you, then the calculator will tell you what you’d win if the bet hit.

Odds calculators are particularly useful if you’re trying to decide between a number of sportsbooks for a specific bet. Different sportsbooks offer different odds, so you can maximize your potential payout if you search for the best odds and use a calculator to help you decide your best path.

We have a number of odds calculators on our site for various types of bets, including moneyline, parlay, and futures calculators.

Moneyline Odds Calculator

Because moneyline bets are on a single team to win, it’s the easiest calculator to use. Here’s how:

1. Type your desired bet amount (in USD) into the proper field.
2. Type the odds as the sportsbook lists them.
3. The calculator will autofill the rest of the fields and show you how much the bet would pay if you were to win.

Parlay Odds Calculator

If you’re a fan of parlay bets (which combine multiple wagers into one), you can use a parlay-specific calculator. Here’s how:

1. Plug in your desired bet amount in USD in the proper field.
2. Enter the odds for each individual leg of the parlay into the moneyline fields. Note that they don’t have to be moneyline bets; just pull the odds from whichever bets you intend to use as part of the parlay.
3. Click “calculate” for your combined parlay odds and potential payout.

Check out some of our other odds calculators:

How Sports Betting Odds Are Calculated

If you’re new to sports betting, chances are you’ve been confused by how odds work. They can be complex to understand for a newcomer, but once you understand the basics, you’ll be betting like a pro.

The first thing to know is that odds are typically calculated based on how many people are betting on a certain outcome. So if the Kansas City Chiefs are favored by many bettors to win over the New York Giants, the Chief’s odds to win will increase as bettors place wagers on that outcome.

Other factors can come into play, such as team record, past performance, injured players, etc., but bets placed are the biggest determining factor in most cases.

How To Read Odds And Determine Payouts

Sportsbooks display odds as a positive and negative numbers, and those odds tell you how much you’ll win if your bet hits. Here’s a scenario to help you understand how they work.

• Chicago Bears +200
• Tennessee Titans -230

This setup is showing a moneyline bet, which means those are the odds for either team to win outright. Whenever you see a negative number (in this case -230), that means that team is favored to win the match and a bet of $230 would win you $100. The positive number (+200) shows which team is the underdog and tells you how much you would win if you placed a $100 bet.

How Can I Bet On Sports In The US

Placing a bet is easy at legal sportsbooks. You just have to go through a few steps before you’re all set to wager.

Choose A Sportsbook And Create An Account

You can access most sportsbooks via desktop, Android, and iOS devices. If you’re using an Android device, head to your preferred sportsbook’s website to get the app. Google doesn’t allow sportsbooks in its Play Store marketplace, but you can download the app directly from the provider’s website.

Once you have the app or have visited the website, you can create your account. It’s a similar process to creating an online banking or social media account. Have your personal information including your SSN ready and the rest will be straightforward. Onscreen prompts will guide you through the process.

If you’re signing up on a mobile device, that’s it! If you’re on desktop, you may also have to download a geolocation plug-in. This is required to confirm that you are betting from a legal state.

Deposit Funds

Pick your favorite deposit method (so long as it’s available at your sportsbook) and add funds to your account. PayPal, credit/debit cards, and online banking are available at most sportsbooks.

When you deposit, also check for bonus offers. They can boost your account value and give you extra money to bet with.

Place A Bet

Now, you’re ready to place a bet! Peruse the available odds and find the bets you might want to place. This is the perfect time to use an odds calculator, especially if you’re using multiple sportsbooks to shop for the best lines.

After you’ve calculated your odds and figured out which bets you’d like to place, make your wager.

Withdraw Your Winnings

If you’re lucky enough to win a few bets, you can withdraw your winnings. PayPal, online banking, ACH e-check, and check by mail are common withdrawal methods, though some sportsbooks offer separate options.

What Sports Can You Bet On In The US?

The nature of legal online sports betting in the US creates a unique landscape in each individual state. Every state can regulate sports betting with their own legislation, meaning some sports that are available for betting in one state may not be available in another.

Professional Sports

Pro sports are fair game pretty much across the board in legal sports betting markets. You can bet on any of the most popular leagues without issue:

• NFL
• MLB
• NBA
• NHL
• PGA
• MLS
• NWLS
• WNBA
• NASCAR
• UFC

Sports Betting Stats - Picks - Odds - Handicapping

Plus many others.

College Sports

NCAA sports are somewhat of a mixed bag. They’re usually available to bet on, but some states put specific restrictions on them.

In Illinois and New Jersey, for example, you can only bet on college match-ups that don’t include a school from the state you’re betting in. So Illinois fans can’t place wagers on games including Northwestern or the University of Illinois, while New Jersey bettors can’t wager on Rutgers or Princeton match-ups.

International Sports

Globally popular sports like soccer, rugby, and cricket are available for betting in most legal markets with few restrictions.

Esports

Esports betting runs the gamut from completely legal to prohibited to left out of legislation completely. Before you place an esports bet, make sure you check that it’s legal in your state.

Non-Sporting Events

Elections and awards shows are among the most popular non-sporting events on betting platforms. Not every state allows betting on them, though. It varies by state, so check your local laws or betting sites for more information.

Legal Online Sportsbook Apps In The US: Common Questions

Not everywhere. In 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act. Rather than legalizing sports betting across the board, it put the issue in individual states’ hands.

Many states have legalized online sports betting, and more are working on legislation to do so. While it’s not legal everywhere, sports betting is swiftly making its way to more US markets beyond the two dozen that already allow it.

You can find sports betting odds by visiting the sportsbook website of your choice. They will usually display their odds without requiring you to log in or create an account.

Online resources also exist that compare and contrast the odds at top sports betting platforms. Sports news sites, including CBS Sports and NBC Sports, will often list the lines as well.

Using an online odds calculator or by calculating the odds manually. Gaming Today has several odds calculators to choose from.

How to read sports betting odds depends on how the odds are displayed. Decimal, fractional, and American odds all require different math for calculation. However, each are relatively easy to understand.

DraftKings, FanDuel, and BetRivers have the consistently best odds out of all the online sportsbooks in the US market. However, that isn’t always true. In many cases, other sportsbooks will have better odds. The most successful sports bettors compare and contrast different options before placing a bet for that very reason.

Range of factors. Sports betting odds are calculated based on a variety of things including injuries and trades, current team form, the weather, and beyond. How players are betting also determines the odds, which is one of the reasons why you’ll see significantly different odds at one sportsbook versus another.

An odds calculator helps sports bettors determine their betting strategy. The most basic is a moneyline odds calculator that tells you how much you’ll win based on your bet and the odds. However, different odds calculators have different purposes, such as comparing futures, identifying arbitrage, and more.

You should use an odds calculator when you want to save time or for when the math is too complex to perform manually. It’s never a bad idea to use an odds calculator, and they can ensure that no mistakes are made in your calculations, eliminating all chances of human error.

DraftKings Sportsbook. The sports betting website and app that consistently offers the best odds is DraftKings Sportsbook. It also offers a range of betting options, a deep sports selection, and impressive promotions. You can also seamlessly switch between the sportsbook, daily fantasy sports, and casino games (where legal). The DraftKings Sportsbook app is available for iOS and Android.

Legal online sportsbooks in the US offer numerous ways to bet on sports but sports betting odds can be confusing to new bettors. Time-tested betting methods like moneyline, point spread, totals, and parlays represent just some of the overall betting markets available on mobile sports wagering sites.

Futures, in-game, in-play, and prop betting offer even more ways to wager for bettors in the US. Brands like DraftKings Sportsbook and FanDuel Sportsbook each employ linemakers, tasked with setting the in-house odds and lines for all games.

US federal law allows individual states to legalize and regulate sports betting. As of January 2021, 14 states legalized online sports wagering.

Types Of Bets Available At Online Sportsbooks

Legal online sportsbooks offer a vast number of different ways to wager on sports. Sports bettors have engaged in point spread and moneyline betting for decades, as these betting types represent some of the most time-honored and simple ways to bet.

Totals bets (aka over/under bets) task the bettor with predicting the total final score between two teams in a sports contest.

Bettors have enjoyed parlay wagers throughout the entire history of sports betting. Parlays allow multiple wagers to be placed on the same ticket, with the parlay paying out only if all bets on the tickets win. Parlays can generally involve any combination of different bet types, with winning tickets offering massive potential payouts.

Futures bets allow wagering on a season-long event. A futures bet sets sports betting odds on events like what team will win the NHL Stanley Cup, or which player will win the NBA scoring title.

Modern online sportsbooks also offer in-game and in-play betting, allowing for wagers on a contest while it’s being played.

Learn more in our Guide To Placing A Sports Bet Online.

Straight Bets

Moneyline

Moneyline bets represent the most straightforward kind of sports wager. This kind of wager tasks the bettor with simply picking the winning team in a sports contest.

Underdog teams pay out at better odds than favorites in a moneyline bet. For example, an NBA moneyline bet offered by DraftKings Sportsbook might look like this:

This line sets the Orlando Magic as the favorite. The -240 odds mean that a $240 wager would net $100 in profit if the Magic win.

The Brooklyn Nets +195 line means a $100 bet yields $195 in profit if the Nets win.

Over/Under

Over/Under, aka totals bets, allow bettors to wager on the total number of points scored in a game. An over/under line looks like this:

This line allows bettors to wager on whether the total score of the game will go over, or fall under 211.5 points. The under bet pays slightly better than the over in this example.

Note that both the over and under lines represent a bet on the total score from both teams. The bottom row isn’t offering a bet on the Nets to go under 211.5, for example.

Point Spread

The most popular bets at most sportsbooks are point spread bets. These bets allow the bettor to choose the underdog plus points, or the favorite minus points. Instead of significantly better odds on the underdog, the point spread allows sportsbooks to set the favorite and underdog at relatively even odds.

Here’s the Magic vs. Nets example from above as a point spread bet:

Bettors can pick favored Orlando with six points deducted from its final point total, or underdog Brooklyn plus six points. Both teams pay -110 odds in this bet, meaning a $110 wager wins $100 in profit.

For example, if you bet $110 on Orlando, and the team wins the game by a 98-91 score, you get $210 back total for a $100 profit. Applying the -6 line to Orlando’s score still positions the team as a 92-91 winner.

Futures Bets

A futures bet generally functions as a wager on a season-long event, rather than a single game. An example of a futures bet might be a wager on what team will win the MLB World Series, or what player will win the NFL rushing title.

A futures bet can be made at any time before or during a sports league’s season, up until the specified event occurs.

NBA Finals Futures Bets

Just before the restart of the 2019-2020 NBA season in July 2020, FanDuel Sportsbook offered the following odds on NBA Finals futures bets:

These five teams represent some of the favorites to win the championship, but all 22 NBA teams still in the championship hunt are available for betting.

MLB National League MVP Futures Bets

Before the start of the 2020 Major League Baseball season, FOX Bet set the following lines on what player would win the National League MVP:

Futures market betting odds change as the season plays on, and the lines can alter drastically as the season comes into focus.

For example, if Mookie Betts leads the National League in multiple offensive categories with a few weeks left in the season, the odds on Betts winning the MVP will move closer to even money, or even beyond.

Prop Bets

A prop bet (short for proposition bet) is a wager on an aspect of a game unrelated to which team wins. Examples of prop bets can include what player will lead a basketball game in scoring, or whether the total number of points in the game will end up as an odd or even number.

Super Bowl MVP Prop Bets

The Super Bowl annually brings in the largest number of prop bets of any US-based sports event.

One of the most popular prop bets on the game each year involves predicting the Super Bowl MVP. Caesars Sportsbook set Kansas City Chiefs quarterback Patrick Mahomes (+110) as the favorite to win the Super Bowl LIV MVP, and Mahomes did just that.

Player Prop Bets

Player prop bets involve wagering on an individual player’s statistics in a particular game. The 2017 NBA Finals, for instance, offered several ways to bet on LeBron James’ statistics.

James was then a member of the Cleveland Cavaliers. Available prop bets on any single NBA Finals game included over/under bets on his total points scored, whether he would lead a game in scoring, and many others.

Exotic Prop Bets

Exotic prop bets can be fun but largely involve luck. Examples of exotic prop bets include predicting what team wins the Super Bowl coin toss, or the length of the National Anthem before the game.

Super Bowl LIV offered numerous exotic prop bets, including a prediction of what color liquid would be poured over the winning coach’s head after the game.

Live In-Game Betting

In-game betting presents one of the most exciting and dynamic ways to wager on sports.

Unlike other types of bets, in-game betting allows for wagering on a game, while it’s being played. In-game betting odds on moneyline, point spread, and prop bets flow dynamically based on what already happened in the game.

For example, a standard NFL point spread bet might look like this before the game starts:

If the Patriots take a 7-0 lead in the first quarter, however, a sportsbook could offer an in-game bet with the following line:

With the Patriots holding a touchdown lead, the point spread on the underdog Jets switches from +7 to +10.5. In-game betting odds generally update at each commercial break for a televised sports contest.

In-play betting, a subset of in-game betting, offers an even more dynamic betting experience, with odds changing every few seconds during live play.

In-game and in-play bets are offered as time-sensitive bets, which must be made within a certain time frame for the bettor to get the advertised odds.

Where Can I Bet On Sports Online?

DraftKings Sportsbook

DraftKings Sportsbook stands as one of the leading brands in the legal US online sports betting industry. New players can sign up at DraftKings Sportsbook and enjoy a 20% deposit match bonus up to $500, a $500 risk-free bet, and a $25 no-deposit bonus.

States in which DraftKings Sportsbook operates include Colorado, Indiana, Iowa, New Hampshire, New Jersey, Pennsylvania, and West Virginia.

FanDuel Sportsbook

FanDuel Sportsbook, much like DraftKings Sportsbook, represents one of the most popular legal sports betting brands in the US. Bonus offers for new players at FanDuel Sportsbook include a risk-free bet up to $500.

Bettors in Colorado, Illinois, Indiana, New Jersey, Pennsylvania, and West Virginia enjoy access to FanDuel Sportsbook, with more states to come.

BetRivers

BetRivers Sportsbook originally launched in Pennsylvania, as a product of parent company Rush Street Interactive. The BetRivers platform now operates in four states, including Pennsylvania, Colorado, Illinois, and Indiana.

New player bonuses include a 100% deposit match bonus up to $250, with only a 1x playthrough requirement.

FOX Bet

Sports media powerhouse FOX Sports teamed up with gaming giant The Stars Group to launch the FOX Bet sports betting brand. The platform offers new players a 50% deposit match bonus up to $500, as well as a risk-free bet up to $500.

FOX Bet operates in New Jersey, Pennsylvania, and Colorado.

PointsBet

PointsBet offers a unique style of wagering known as “PointsBetting,” in which bettors can enjoy larger payouts based on how much their selected team wins by in a game.

Bettors in Indiana, Iowa, and New Jersey can wager at PointsBet. The platform includes a $200 risk-free bet bonus for new players.

How Odds Differ Across Legal Online Sportsbooks

Sports betting odds and lines for the same game often vary from one online sportsbook to another. Skilled bettors own accounts at multiple online sportsbooks, and shop for the most favorable lines.

For example, here’s a look at July 2020 futures odds for the NBA Championship, compared across five different legal online sportsbooks:

A bettor looking to bet on the Houston Rockets to win the championship would find enormous value by line shopping. The odds on the Rockets at FanDuel Sportsbook and FOX Bet offer significantly better odds versus other sites.

How Sports Betting Odds Are Calculated

Moneyline Bets

Moneyline bets simply establish a favorite and an underdog for a game. Bettors choose which team they think will win, straight up, with no point spread.

Underdogs pay at better odds than favorites. To calculate the potential payouts of a moneyline bet, you must understand what the odds notations mean.

Here’s another look at the NBA moneyline example from above:

Moneyline betting odds with a “+” notation are relatively simple to calculate. The +195 line on the Nets means a $100 wager would net $195 in profit. In other words, the $100 bet would return a total of $295 (the $195 in profit and the original $100 bet).

Another way to calculate “+” moneyline odds is to divide the odds number by 100. Using this method, the +195 odds convert to 1.95.

Multiplying this decimal number by the amount of the bet yields the total profit amount. A $50 bet on +195 odds yields $97.50 in profit ($50 x 1.95).

Calculating “-“ odds on the moneyline is a little trickier. The -240 line for the Orlando Magic means you would have to bet $240 to win a $100 profit.

For “-“ odds, you must divide 100 by the moneyline odds number. For a -240 line, dividing 100 by 240 yields 0.416.

Football Gambling Online

Multiplying your bet amount by 0.416 yields the total profit of the bet. A $50 bet, for instance, comes out to $20.80 in profit ($50 x 0.416). A $50 wager on the Magic, if it won, would result in the sportsbooks returning $70.80 to you ($20.80 profit plus the original $50 bet).

Point Spread Bets

A point spread bet adds points to the underdog’s score and subtracts that same amount of points from the other. Adding the point spread allows the sportsbook to put relatively even odds on the favorite and underdog.

The point spread variant of the Orlando vs Brooklyn NBA game looks like this:

Bettors can choose the Magic with six points taken off their final score, or the Nets with six points added to their final score. Both choices pay the same -110 odds.

Bettors on Orlando wins if the Magic win by seven points or more. If Orlando wins by exactly six points, the bet is a push, and the wager is returned to the bettor.

If Orlando wins by five points or less, or if the Nets win the game outright, Brooklyn bettors win this point spread bet. For instance, if Orlando wins the game 98-94, the Nets +6 bet wins.

Over/Under (Totals)

Over/under bets, aka totals bets, allow for wagering on the total combined score of a game. Bettors can wager that the game total will end either over or under a line set by the sportsbook.

Like point spread bets, the over and under options generally pay relatively even odds. For example:

The sportsbooks set the total at 211.5 for this game. If the total goes over 211.5, the over bet wins at -112 odds. If the game score total finished under 211.5, the under bet wins at -109 payout odds.

If the Nets win the game by a score of 100-98, for example, the total for the game is 198. This total is under the 211.5 line, and therefore the under bet is the winner.

Moneyline, point spread, and totals bets use the same notations seen above across all sports. The betting types are offered for virtually every NFL, NBA, NHL, and MLB contest.

What Affects Sports Betting Odds Throughout A Season?

Each sportsbook employs its own linemakers (aka oddsmakers), and these expert analysts set the lines and odds for games. An algorithm determines the lines for certain kinds of in-play bets, as those lines rapidly change throughout a game.

Linemakers consider every imaginable factor when setting a game line, including lines set at other sportsbooks. Lines on a game can change considerably after they’re posted, as injuries, weather, lineup changes, and other factors influence the game.

NFL teams, for example, play just one game per week. The opening line on an NFL game could drastically change by kickoff time.

For instance, the Kansas City Chiefs could be listed as a 10-point favorite over the Los Angeles Chargers for an upcoming Sunday game. If Chiefs quarterback Patrick Mahomes suffers an injury in Wednesday’s team practice, however, that 10-point line will drop, as it’s now unclear whether Mahomes will even play.

Linemakers will adjust point spreads and odds from game to game based on how teams are trending in recent contests. For example, the Milwaukee Bucks could stand as a strong pick to win the NBA title, prompting linemakers to set the Bucks as a big favorite in every game.

If the Bucks lose a few games in a row, however, linemakers will adjust accordingly, considering Milwaukee’s recent performances.

Sports Betting Odds For Professional Leagues

NFL Odds

The NFL stands as the most-watched professional sports league in the US. Point spread betting on NFL games represents one of the most popular ways to bet on any sport in the US.

The NFL plays regular season and playoff games in a weekly format. The 32 NFL teams play one game per week in the regular season, with 14 teams advancing to the playoffs.

Here’s a look at what an NFL bet for Week 1 of the 2020-21 regular season looks like at FanDuel Sportsbook:

Note that the “Total” column displays the over/under line for the combined final score. The “O 54.5” bet isn’t a bet on the Texans, even though it’s the same row as the point spread and moneyline options for the Texans.

The NFL season culminates in the Super Bowl, which brings in more bets than any other sporting event in the world. FanDuel Sportsbook, DraftKings Sportsbook, FOX Bet, and all other legal online sports betting platforms offer numerous ways to bet on the Super Bowl.

These betting options include exotic prop bets, such as betting on the color of Gatorade dumped on the winning head coach after the game. The Super Bowl produces many different prop bets not seen in any other sports event.

For more resources, check out our NFL Odds Calculator and Sports Betting Edge Table.

NBA Odds

Much like the NFL, the NBA functions as one of the most popular sports in the US. Ways to bet on the NBA regular season and playoffs are also similar to the NFL setup.

The NBA’s 30 teams play 82 regular-season games. Of those 30, 16 teams advance to the playoffs, with teams facing off in best 4-of-7 series until a champion is crowned.

With that many games on the schedule, betting opportunities abound for the NBA. Here’s a look at how an NBA bet is displayed at FanDuel Sportsbook:

The linemakers at FanDuel set this game as almost dead even between the Clippers and Lakers. Note that the moneyline odds on both teams are identical, and there isn’t a favorite or an underdog on the moneyline for this game.

All legal online sportsbooks offer NBA betting throughout the regular season and playoffs, all the way through the NBA Finals. Special bets on the NBA Finals allow bettors to predict what player will win the NBA Finals MVP, what player will be the first to be ejected in a given game, and many more.

Major League Baseball Odds

The numbers for MLB single-game betting look a little bit different, as baseball by nature is a lower-scoring game than its NBA and NFL counterparts. The odds and lines work the same, however.

A typical MLB game setup at FanDuel Sportsbook looks like this:

The names under the teams (G. Cole and M. Scherzer) are the names of the starting pitchers for this particular game. MLB teams generally use a rotating cast of 4-5 starting pitchers, with each pitcher starting around 30 games throughout the 162-game MLB season.

The MLB season culminates in the World Series, where the National League champion meets the American League winner in a best 4-of-7 series. Prop bets on the World Series include over/under lines on the number of strikeouts from a particular pitcher, odds on a certain player hitting a home run, and many others.

NHL Odds

The betting setup for an NHL game looks similar to an MLB contest. Like MLB, NHL games tend to be low-scoring contests, and as such point spreads typically linger around 1.5. Anything higher than that represents a pretty massive spread in an NHL game.

Here’s a look at the setup for an NHL game at FanDuel Sportsbook:

Like MLB games, payout odds on point spread bets are often wider than moneyline odds. This differs from the NFL and NBA, where the point spread usually evens out the odds.

The NHL plays 82 regular-season games and four rounds of best 4-of-7 series in the Stanley Cup Playoffs.

The playoffs end with the Stanley Cup Finals. Special bets on the Stanley Cup Finals include wagers that task the bettor with predicting the score at the end of the first period, and lines on whether a particular player will score a goal or assist.

See our complete guide to NHL Betting On The Stanley Cup.

Other Sports Betting Odds

College Sports Odds

The popularity of NCAA football and basketball in the US rivals that of any professional league. With hundreds of teams in each sport, bettors enjoy an enormous selection of games throughout the year.

The main difference between college sports and professional leagues is the larger point spreads in college contests, as the disparity between teams can be much greater.

College football games generally feature higher scores than an NFL game. College basketball games, however, usually end with lower scores than an NBA game.

NCAA Football And Basketball Postseasons

The biggest college football league, known as the NCAA Division I Football Bowl Subdivision, culminates its season with the four-team College Football Playoff.

The most prestigious college basketball championship is decided in the NCAA Division I Men’s Basketball Tournament. This tournament, also known as March Madness, draws some of the biggest betting interest of any event on the US sports calendar.

March Madness starts with 68 teams and culminates in the Final Four each year, with the last four teams remaining to battle it out for the championship.

For both NCAA basketball and football, numerous special prop bets can be made on postseason games. The 2020 CFP National Championship Game was attended by President Donald Trump, and prop bets for the game included an option to wager on whether Trump would tweet during the game.

Different states have different laws on betting on off-the-field events like President Trump’s tweets, however, and these kinds of bets might not be offered in every state.

NASCAR Odds

NASCAR’s large and loyal fanbase makes the stock-car racing circuit one of the most popular sports in the US. Legal online sportsbooks allow wagering on the NASCAR schedule throughout the year.

NASCAR bets resemble futures markets bets for other sports. The most popular NASCAR bets involve picking the winner of a race from the NASCAR Cup Series, which represents the top level of the sports.

DraftKings Sportsbook offered the following betting lines on the O’Reilly Auto Parts 500, a NASCAR Cup Series race from July 2020:

The “Winner,” “Top 3,” and “Top 10” columns represent different bets. For example, if you make a “Top 10” bet on Kevin Harvick and he wins the race, your bet still pays out at -670 odds. The bet pays the same if Harvick finishes anywhere in the top ten places.

English Premier League Odds

Soccer betting on major international leagues like the English Premier League opens up even more betting opportunities at legal online sportsbooks.

Betting on the EPL offers many more lines on any single game, compared to domestic sports leagues. DraftKings Sportsbook offered the following moneyline odds on a July 2020 EPL match between Liverpool and Chelsea:

Unlike the four major US sports leagues, EPL games can end in a tie. Moneyline bets for EPL games include an option to bet on a tie. Soccer moneyline bets are generally based on what happens during regular time in the match and doesn’t include overtime or penalty kicks.

Point spread bets for the same Liverpool-Chelsea match look like this:

Instead of one point spread for the Liverpool-Chelsea match, the sportsbook offers numerous different spreads with varying payout odds.

A unique feature of soccer betting is the “quarter goal handicap,” seen in this example on lines like Liverpool -0.75 and Chelsea +2.75. A quarter goal handicap bet on Liverpool -0.75 splits the bet between Liverpool -0.5 and Liverpool -1.

For example, you place a $100 bet on Liverpool -0.75. This places a $50 bet on Liverpool -0.5, and a $50 bet on Liverpool -1.

Sports Betting Odds FAQ

Yes, in states that legalized online sports betting after the overturn of PASPA. Federal law allows US states to legalize and regulate online sports betting on an individual state basis.

States with legal online sports betting include New Jersey, Pennsylvania, Colorado, Illinois, Indiana, and Iowa, among several others. Legal online sportsbooks in these states function as extensions of retail or tribal casinos.

All online sportsbooks employ their own team of linemakers, and odds and lines vary across all of the different sportsbooks.

Online Sports Betting Ghana & Live Betting Odds At Sportybet.com

Skilled bettors shop for lines, evaluating the odds at different sportsbooks before making a bet.

Odds written out as 5/1, 5-1, or 5-to-1, indicate fractional odds notation. The 5/1 odds here are just an example, as 10/1, 9-4, 7-to-2 and any other odds displayed in this fashion represent fractional odds.

A winning bet made at 5-to-1 odds means you win $5 for every $1 bet. For example, a $100 bet made at 5-to-1 odds pays $500 in profit ($100 x 5). This bet would return $600 total ($500 profit plus the return of the original $100 bet).

A 5-to-1 fractional odds bet is equivalent to +500 moneyline odds, or 6.00 decimal odds.

Decimal odds are written as Lakers 2.00, Bucks 3.00, Clippers 5.00, etc. The payout for this notation is calculated by multiplying the odds by the amount of the bet, then subtracting the original bet to determine the profit.

A $100 bet on Bucks 3.00, for instance, would result in a total return of $300. Subtracting the original $100 bet gives you $200 in profit.

A 3.00 decimal odds bet is equivalent to a +200 moneyline bet, or a 2-to-1 fractional odds bet.

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No. Betting on contests involving athletes under the age of 18 is not permitted in any US state.

Yes. Some states do have restrictions on college sports betting. New Jersey, for example, outlaws betting on New Jersey-based college teams and contests.

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In general, however, college sports betting is permitted in all states with legal online sportsbooks.