How Betting Odds Work - Sports Betting Odds Explained

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  • เผยแพร่เมื่อ 22 ส.ค. 2024

ความคิดเห็น • 261

  • @padguin7
    @padguin7 4 ปีที่แล้ว +137

    I can finally talk to my friends again

  • @nesselbori518
    @nesselbori518 7 หลายเดือนก่อน +1

    Out of all the videos I’ve seen trying to figure this out, this video was the only one that made me understand. Simple and straight to the point. Thank you

  • @kevsportsgeek
    @kevsportsgeek  11 ปีที่แล้ว +270

    It is $100 in profits. Of course you get your $120 back as well. Sorry, I thought that was obvious and should have explained it better.

    • @whyguy5350
      @whyguy5350 6 ปีที่แล้ว

      thanks kevo

    • @sargenmi
      @sargenmi 6 ปีที่แล้ว

      This was great, I've been looking for "betting book" for a while now, and I think this has helped. Have you heard people talk about - eyamilla Yeyevi Eradicator - (Have a quick look on google cant remember the place now ) ? Ive heard some great things about it and my brother in law got amazing success with it.

    • @devilstartruthteller1111
      @devilstartruthteller1111 4 ปีที่แล้ว +2

      Can we bet in UFC aswell ?

    • @therealmeelaf
      @therealmeelaf 4 ปีที่แล้ว +2

      Hey Kev in regards to the (-120) , you said 120 pays a hundred, so for example if i bet 1200 on a -120 bet = i will get 1200 profit on top of my initial 1200 bet right? Kindly reply I kinda got confused here a bit

    • @ihatewurktoo8278
      @ihatewurktoo8278 4 ปีที่แล้ว +6

      @@therealmeelaf $1000

  • @wjfw8ij421
    @wjfw8ij421 5 ปีที่แล้ว +69

    this is where my life first started to collapse, Do it for fun kids

    • @johnkhai3567
      @johnkhai3567 4 ปีที่แล้ว +3

      Haha thx dad

    • @Erick2Fire10481
      @Erick2Fire10481 4 ปีที่แล้ว

      okay 🥺

    • @skynet0813
      @skynet0813 3 ปีที่แล้ว

      Responsibilities and rules go a long way...especially when your not doing it to get rich or make a house payment. Everything in moderation...

    • @gzus1482
      @gzus1482 2 ปีที่แล้ว

      Collapse my life for fun? Okay. 👍😎

  • @sonicvictory
    @sonicvictory 6 ปีที่แล้ว +65

    thx man, so much more simple than the crap they have to explain it on the sites. thx.

    • @kevsportsgeek
      @kevsportsgeek  6 ปีที่แล้ว +3

      No problem 👊

    • @panedole
      @panedole 4 ปีที่แล้ว +1

      Just wonderful, I been tryin to find out about "fractional betting odds explained" for a while now, and I think this has helped. Ever heard of - Ranhloe Breathtaking Review - (search on google )? It is a great one of a kind product for discovering how to find a winning betting formula minus the normal expense. Ive heard some decent things about it and my co-worker got great success with it.

    • @panedole
      @panedole 4 ปีที่แล้ว

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  • @otto072
    @otto072 4 ปีที่แล้ว +15

    OMG it's so simple. All these years I always wonder what thouse numbers were lol

  • @williamfrank8836
    @williamfrank8836 7 ปีที่แล้ว +33

    Thanks sports geek. Clear and straight forward explanation. Well done.

  • @davidj4550
    @davidj4550 2 ปีที่แล้ว +1

    very clear cut. the other suggested videos were 5+ minutes this does everything in 3

  • @ConnerSully
    @ConnerSully 4 ปีที่แล้ว +45

    well explained

    • @staral3400
      @staral3400 3 ปีที่แล้ว

      Many thanks, I have been researching "best horse races to bet on" for a while now, and I think this has helped. Ever heard of - Senameron Sanyatt Approach - (do a search on google ) ? Ive heard some decent things about it and my neighbour got cool results with it.

  • @billyredecop9821
    @billyredecop9821 2 ปีที่แล้ว +1

    I don't get why a simple well explained video has that many dislikes.

  • @michaelfontaine8231
    @michaelfontaine8231 5 ปีที่แล้ว +8

    The ending made way more sense, thank you

  • @miljannyjets
    @miljannyjets 7 ปีที่แล้ว +10

    In Europe you get a quote. For example, 1.50 or 2.20 or 3.55 for every team you want to bet on. Then you just multiply that number with the amount of money you are betting. 100€ x 1.70 = 170€ payout = 70€ profit.
    Much easier I would say

    • @gabrielcunha3836
      @gabrielcunha3836 ปีที่แล้ว +3

      YES! This American version makes absolutely no sense at all

    • @Y0y0Jester
      @Y0y0Jester ปีที่แล้ว +1

      Superior system, just like the metric system and Celsius degrees.

    • @carseyfighter5848
      @carseyfighter5848 ปีที่แล้ว

      @@Y0y0Jesterit is the same system. They are both multipliers. Just that American uses percentage gain instead off percentage total

  • @masonkhalaj7236
    @masonkhalaj7236 9 ปีที่แล้ว +15

    Thanks for posting! Hella simple, hella easy to understand!

  • @nateblack972
    @nateblack972 5 ปีที่แล้ว +5

    Thanks I always wondered about what guys meant by asking "what's the over under?"

  • @gastondeveaux3783
    @gastondeveaux3783 2 ปีที่แล้ว +1

    Nice simple explanation. I finally know now what the numbers mean.

  • @minmatenx
    @minmatenx ปีที่แล้ว +2

    Exactly the explanation I was looking for. Thanks for the info

  • @74jailbreaker
    @74jailbreaker ปีที่แล้ว +1

    Finally, it makes sense to me now. Thanks for your explanation!

  • @elibookoff556
    @elibookoff556 2 ปีที่แล้ว +1

    Thanks for explaining this because I have asked tons of people as to what the plus and minus signs mean and all I get is "I dont really know....uh? I think its " blah blah blah
    The next question I have is, why are the minuses considered the favorites over the pluses and how is that interpreted?

  • @paullaflamme420
    @paullaflamme420 5 ปีที่แล้ว +1

    Nice job on this short video. Very clear!

  • @mrkyle316
    @mrkyle316 11 ปีที่แล้ว +1

    Thanks man. I knew all this but forgot and needed a brush up since football season is upon us again.

  • @stevewise1656
    @stevewise1656 2 ปีที่แล้ว

    That was very helpful. After watching this I think gambling is at the very least a careless endeavor to make relatively little money.

  • @cheesesteakphilly
    @cheesesteakphilly 5 ปีที่แล้ว +7

    Thanks, man. This really helped!

  • @DarkCode
    @DarkCode 2 ปีที่แล้ว +1

    Doesn't it affect the winnings if they win by 20 points instead of 1 point? Or does it not matter???

  • @Theonegamefreak
    @Theonegamefreak 3 ปีที่แล้ว +1

    while the odds change, do your odds operate when you buy it, or when the cut off date is?

  • @jeffreyalvarez432
    @jeffreyalvarez432 10 หลายเดือนก่อน

    So would you want a -110 over a -170? The more negative it goes is it a better chance of winning?

  • @jestnessj3574
    @jestnessj3574 8 ปีที่แล้ว +6

    so +120 means you multiply 1.2? or odds of +450 means you multiply by 4.5? would +1200 odds be 12.0?

    • @kevsportsgeek
      @kevsportsgeek  8 ปีที่แล้ว +2

      Yup

    • @abdulhakeemk1607
      @abdulhakeemk1607 7 ปีที่แล้ว +1

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  • @Prez_Jah
    @Prez_Jah 2 ปีที่แล้ว +1

    That was super informative. Thank you.

  • @ServantProfessional
    @ServantProfessional 3 ปีที่แล้ว +1

    Great video! Appreciate the breakdown

  • @EPSTomcat11
    @EPSTomcat11 7 ปีที่แล้ว +4

    Good simple explanation of the basics - thanks! Can you explain other concepts like a "push" for example?

    • @kevsportsgeek
      @kevsportsgeek  7 ปีที่แล้ว +4

      Maybe can do a video, but quickly ... push is when you bet somethiing that can be a "tie" basically where neither you or the casino wins... so if the Spread was -7 in NFL and the game finishes with the favorite winning by exactly 7 points it's a push and your money is refunded as if you didn't ever bet it

    • @EPSTomcat11
      @EPSTomcat11 7 ปีที่แล้ว

      Kev's Picks : Simple enough - Thanks! Btw do you know of a good tool or app for converting between odds (American, decimal, ratio, etc..)?

  • @DarkCode
    @DarkCode 2 ปีที่แล้ว +1

    So if it's +410 then I bet 100 and I win 410 - 100 so it's 310 profit or is it 410 plus my 100 back???

  • @Wise101
    @Wise101 11 ปีที่แล้ว +3

    Skip to 2:25 to save your time.

  • @opeltheartist
    @opeltheartist 2 ปีที่แล้ว +1

    Thank you for being concise ❤️

  • @tamarahernandez3867
    @tamarahernandez3867 9 ปีที่แล้ว +68

    I've seen -10,000 so in order to win $100 i have to bet 10,000 that's insane

    • @tamarahernandez3867
      @tamarahernandez3867 9 ปีที่แล้ว +1

      On the bovada site

    • @renoldsklimins7826
      @renoldsklimins7826 7 ปีที่แล้ว +1

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    • @fanstrikerblog8346
      @fanstrikerblog8346 7 ปีที่แล้ว

      +Tamara Hernandez
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    • @laurencestanley6995
      @laurencestanley6995 7 ปีที่แล้ว +21

      No such thing as a sure bet. Be careful!

    • @chainedoj
      @chainedoj 7 ปีที่แล้ว +59

      That's stupid because the risk isn't worth the reward. If you have 10,000, you probably don't give a shit about making a measely $100 if there's a slim chance you'll lose it all. And for what? For the high chance of winning a measely $100? Fuck that.

  • @TheNYgolfer
    @TheNYgolfer 2 ปีที่แล้ว

    "Of course you get back the original money that you bet". You just threw that in as an afterthought but that subject really needed to be explained better.

  • @lpimentel89
    @lpimentel89 8 ปีที่แล้ว

    This is pretty straight forward. I think a 1st grader can make a few wagers.

  • @vinceblas606
    @vinceblas606 3 ปีที่แล้ว +3

    That's why betting can be addictive 😢

  • @Jigsawmaster1
    @Jigsawmaster1 5 ปีที่แล้ว +1

    Thanks man. That was big help.

  • @blaki6584
    @blaki6584 4 ปีที่แล้ว +1

    so if i bet 100 on a -110 im getting back 200?

  • @jacob6426
    @jacob6426 6 ปีที่แล้ว +1

    Thanks for the informative video. Finally I know what this means.

  • @meages9008
    @meages9008 4 ปีที่แล้ว

    So Is + the underdog or is -. Should have used the same numbers at the end. But I'm still confused. I got "if I bet 100 on a -100 for ever 100 I spend I get 100 in return. If i spend 100 on a -100 i also get 100 in return??" Not trying tobsoubd dumb just a bit confused.

  • @jeffreyxiong205
    @jeffreyxiong205 6 ปีที่แล้ว +6

    Damn I need khabib to be +1k

  • @Gangle16
    @Gangle16 3 ปีที่แล้ว +1

    Awesome thank you for the info!

  • @larrygreenlee6194
    @larrygreenlee6194 ปีที่แล้ว

    Nice concise explanation!!

  • @chrishelmly6682
    @chrishelmly6682 ปีที่แล้ว

    Thanks man great video!

  • @staceyluxor
    @staceyluxor 5 ปีที่แล้ว

    Is there a such thing as paper betting? Like paper trading? But for sports betting?

  • @JACKNCOKE223
    @JACKNCOKE223 3 ปีที่แล้ว

    Thanks, never paid attention because it wasn't "legal". It is now in Montucky, so Go Zags!

  • @RaptureComingg
    @RaptureComingg 2 ปีที่แล้ว

    Not exactly what I need but it helped so thx

  • @RedPilledRants
    @RedPilledRants 2 ปีที่แล้ว

    Nice. Time for sone Academy Award betting...

  • @nickperdue
    @nickperdue 9 ปีที่แล้ว

    Sports geek... Could you explain odds regarding numbers like 4:6, 1:1, 1:3 etc? For instance, if a bookie has 10 ppl betting on the most recent Ronda Rousey fight, how would the bookie make the odds look tempting to bet on Correia? Especially given, maybe some want to put 100 into the pot and some want to put in 120, say... What if everyone bets on the same fighter? Can bookies close betting on one party in order to bolster the opposition's pot?

    • @kevsportsgeek
      @kevsportsgeek  9 ปีที่แล้ว

      +Nick Perdue Hey Nick, bookies won't close betting on a side (at least that I've ever seen)... but if action continues to come in on just one side and they are worried about their exposure they will make their odds ridiculous - for example: risk $5000 to win $100

  • @soggy5854
    @soggy5854 4 ปีที่แล้ว

    So could you do this on a smaller scale money wise?

  • @jannorris4140
    @jannorris4140 8 ปีที่แล้ว

    Hey, im in Massachusetts and cant get to vegas to bet. Can you tell me how I can bet on UFC fights? Whats the easiest, most legit way? Sites?

  • @bhusanshil5375
    @bhusanshil5375 2 ปีที่แล้ว

    Now I understand how the odds works

  • @pizzie6682
    @pizzie6682 2 ปีที่แล้ว

    Then what would happen if i wanna put in $25 or a number like that?

  • @shmookins
    @shmookins 6 ปีที่แล้ว

    What does it mean in boxing when they odds for a certain boxer are 6/1 or 1/10?

    • @matthewsalier3025
      @matthewsalier3025 5 ปีที่แล้ว +1

      6/1 means you get $6 for every $1 you bet on a event. For example you bet $10 on something and it wins, you collect $60 ($50 profit plus the $10 you betted). 1/10 means you only get 10 cents for every $1 you bet. ($1.10 for every $1 wagered). For example you bet $100 - you will get back $110. Any time the number is less on the left of the / than the right hand side of the / , it is called "odds on" meaning you are risking more cash to win less. For example people bet $1,000 on a $1.65 outcome...they risk $1,000 to only win a profit of $650. Some argue that while the chances of the event are higher than others, you are risking more to win not as much. Is it worth it is the question.

  • @jonathanvalle6582
    @jonathanvalle6582 8 ปีที่แล้ว +5

    hell yea thanks!

  • @Rfinnshw
    @Rfinnshw 2 ปีที่แล้ว

    Great explanation+👍

  • @fullsend1641
    @fullsend1641 2 ปีที่แล้ว

    wait so lets just say colts vs jets if i pick moneyline -500 colts but i bet my 1,000 and it said payout 1,190 so do i make that 1,190 profit or they basically said here goes your 1,000 back but here is 190 cuz you won this bet .... let me know asap if you can 🤝?

  • @moe_flow5794
    @moe_flow5794 3 ปีที่แล้ว

    Great easy to understand

  • @Chuschannel
    @Chuschannel 10 ปีที่แล้ว +1

    Very informative.

  • @Jempath
    @Jempath 5 ปีที่แล้ว

    I'm planning on making a future bet. The odds are +800 and I'm going to bet $1000. Is that $8000 back? Thanks bro!

  • @EaglesFanx7
    @EaglesFanx7 3 ปีที่แล้ว

    The part I don’t understand is why would someone want to bet 120 just to get 100 back? What’s the point of that when you can still lose 20 dollars in the difference?

  • @titodenino
    @titodenino 4 ปีที่แล้ว +1

    Good shit let's go cowboy

  • @moltchanoph
    @moltchanoph 2 ปีที่แล้ว +1

    What if it's -250?

  • @BigFatBabyLegs
    @BigFatBabyLegs 9 ปีที่แล้ว

    i'm beyond lost. I wanna know how winnings are divided when it says winning bet is $20 but i'm number 500 on the winning side and somehow i only get like .60cents :(

  • @MasterArmedforces
    @MasterArmedforces 8 ปีที่แล้ว

    Ive never bet before but Id like to put 100 on a specific NFL team to make the playoffs in 2016-17. How do I do that, and, do the odds on my bet lock in at the moment I place the bet w/o changing in the future? thanks!

    • @kevsportsgeek
      @kevsportsgeek  8 ปีที่แล้ว

      Yes the odds lock... check out www.thesportsgeek.com/go/bovada/

  • @jplaya2023
    @jplaya2023 6 ปีที่แล้ว

    So why would i ever bet the negative? Just bet the positive everytime. What does 7/2 mean or 2/7 odds mean. I seen that for title odds in the nba

    • @-Jake-
      @-Jake- 5 ปีที่แล้ว

      You bet the negative because it's more likely to happen, + odds sound so good because they're not as likely to hit

  • @jrblak212
    @jrblak212 2 ปีที่แล้ว

    GREAT WORK

  • @Icarus931
    @Icarus931 3 ปีที่แล้ว

    Great video! Thanks

  • @rkosurvivor
    @rkosurvivor 5 ปีที่แล้ว

    How do they come up with the numbers?

  • @matthewlove4708
    @matthewlove4708 6 ปีที่แล้ว +1

    Thank you!

  • @nathantoth1527
    @nathantoth1527 6 ปีที่แล้ว

    Thank you for sharing info.

  • @SolidWorld23
    @SolidWorld23 3 ปีที่แล้ว

    Thank you! Big help

  • @PleaseBeDumb
    @PleaseBeDumb 3 ปีที่แล้ว

    Thank you my brotha 👍🏽

  • @LeeBo318
    @LeeBo318 7 ปีที่แล้ว

    You're the Man!

  • @roddas26
    @roddas26 2 ปีที่แล้ว

    Why would you ever bet on the negative then?

  • @meages9008
    @meages9008 4 ปีที่แล้ว

    + is underdog and - is who people think will win

  • @SushantTandon
    @SushantTandon 2 ปีที่แล้ว

    So if -120 means pay $120 to win $100, then isn't that a loss of $20?

  • @brettmartin22
    @brettmartin22 4 ปีที่แล้ว +1

    thanks so much

  • @DoNothingRightNow
    @DoNothingRightNow 2 ปีที่แล้ว

    This vid explains perfectly

  • @shanem415
    @shanem415 6 ปีที่แล้ว +1

    Great video. Easy

  • @soggy5854
    @soggy5854 4 ปีที่แล้ว

    So what would +0.5 or -0.5 mean?

  • @jacobtherobertson
    @jacobtherobertson 3 ปีที่แล้ว

    Great video!

  • @BlackSkyMusicTV
    @BlackSkyMusicTV 3 ปีที่แล้ว +1

    i will never understand this, how are you going to bet 110$ to win 100$? you are loosing money i sont get it

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      @andrewcartwright8470 3 ปีที่แล้ว

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  • @danlafazia3594
    @danlafazia3594 3 ปีที่แล้ว

    Awesome thank you!

  • @nofameculture
    @nofameculture 8 ปีที่แล้ว +1

    thanks for the info.

  • @LTThaKidd
    @LTThaKidd 4 ปีที่แล้ว

    Appreciate ya, Kev

  • @teddymac3737
    @teddymac3737 6 ปีที่แล้ว

    Can you make a $100.00 bet on -150?

  • @ALSNewsNow
    @ALSNewsNow 3 ปีที่แล้ว

    Thank you

  • @TristynRusselo
    @TristynRusselo 2 ปีที่แล้ว

    why would anyone take a negative odds bet?

  • @captainb3469
    @captainb3469 5 ปีที่แล้ว

    What does spread mean

  • @erikholden752
    @erikholden752 5 ปีที่แล้ว

    What does EV mean

  • @greenleaftreefrog
    @greenleaftreefrog 4 ปีที่แล้ว

    Thank you.

  • @BlackSkyMusicTV
    @BlackSkyMusicTV 3 ปีที่แล้ว

    that shouldnt work on odds. Because what about if (X) has -250 odds and (y) has +100.
    So i bet 250$ on (X) and he wins, how would i just make $200? doesnt make sense. It should be like what ever you bet depending on the oposite bets, you get what ever they lost. It doesnt make sense like this, i think odds dont matter, what matter is who wins.

  • @fundude4566
    @fundude4566 6 ปีที่แล้ว

    So if i bet $10,000 would i win $10,000 on that bet?

  • @michaelkyd8062
    @michaelkyd8062 3 ปีที่แล้ว

    Thanks

  • @zachpenner1290
    @zachpenner1290 6 ปีที่แล้ว +1

    It's not obvious cause you had me doubting my own understanding of how odds work

    • @valdezstewart5379
      @valdezstewart5379 3 ปีที่แล้ว

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  • @jack-gf6jw
    @jack-gf6jw 3 ปีที่แล้ว

    Thank you bro

  • @Fookyoo2
    @Fookyoo2 7 ปีที่แล้ว

    can you match bet in the US

  • @fedorownz1
    @fedorownz1 12 ปีที่แล้ว

    Awome video thanks!

  • @garyha2650
    @garyha2650 4 ปีที่แล้ว +1

    Can someone explain this please?
    Moneyline: MIN: (+130) | SEA: (-150)
    Spread: MIN: +3 (-115) | SEA: -3 (-105)
    Total: 48.5 - Over: (-115) | Under: (-105)