п»їGolf Futures Betting Odds.
2021 Waste Management Phoenix Open Odds.
Waste Management Phoenix Open - Betting Resources.
Date : February 4-7, 2021 Venue : TPC Scottsdale Location : Scottsdale, Arizona Defending Champion : Webb Simpson.
Odds to Win 2021 Waste Management Phoenix Open.
Updated Mon, Feb. 1, 3:45 PM ET - Odds Provided by FanDuel - Subject to Change.
Where to Bet: Colorado Illinois Indiana Michigan New Jersey Pennsylvania All States.
How To Bet Golf Futures.
The “Odds to Win” wager in golf is very simple to understand. Put simply, you just need to select the golfer that will capture the victory. Select any of the golfers in the tournament and your payout for the bet will depend on the odds given at the time of the wager. Plus, you can bet online with legal US sportsbooks up until the event begins. There may even be some in-game wagers.
To figure out your Win Amount, take the odds and multiply by the amount wagered. Ex. Jason Day (10/1) - Jason Day is listed as a 10/1 betting choice. If you wager $100 on Day to win the event and he comes in first, then you would win $1,000 (5 Г· 2 x 100). You would collect $1,100, which includes your win and stake ($100).
What does the FIELD mean? Many golf tournaments will include a betting selection called the Field. This bet consists of all golfers not listed in the “Odds to Win.” Most races have a set number of golfers but it’s rare to see oddsmakers put a price on every golfer that will tee off. Golfers that are given the least opportunity to win the tournament will be grouped into the “Field” odds and paid out accordingly if they win.


Sections.
2021 Waste Management Phoenix Open odds, predictions and PGA Tour picks.
The Waste Management Phoenix Open at TPC Scottsdale will look quite different this year with only 5,000 fans allowed on the grounds per day.
2021 Waste Management Phoenix Open Fantasy Golf Power Rankings.
TPC Scottsdale's Stadium Course in Phoenix, Arizona, hosts this week's Waste Management Phoenix Open. The field includes six of the top-nine golfers in the.
2021 Waste Management Phoenix Open matchups and prop bet predictions.
Fans begin to return to the PGA Tour this week with 5,000 spectators per round allowed on the grounds of TPC Scottsdale in Phoenix.
Golf betting simulcast to debut at Waste Management Phoenix Open.
If you’re a sports betting enthusiast, you have been treated over the past two years as more and more states legalize online sports betting.
2021 Farmers Insurance Open matchups and prop bet predictions.
The PGA Tour's west coast swing continues with this week's Farmers Insurance Open at Torrey Pines Golf Course just outside of San Diego, California. A.


2021 Farmers Insurance Open odds: Surprising PGA picks, predictions from model that nailed six golf majors.
SportsLine simulated the 2021 Farmers Insurance Open 10,000 times and came up with a surprising leaderboard.
The 2021 Farmers Insurance Open will begin on Thursday at noon ET at Torrey Pines Golf Course with the field playing both the North and South courses over the first two days. After the cut, the tournament will finish on the South course, which hosted the iconic 2008 U.S. Open won by Tiger Woods and will host the 2021 U.S. Open later this year. The chance to get an early look at a major championship venue has brought 10 of the world's top 20 players to San Diego this week and golf bettors will have to parse a deep and talented list of 2021 Farmers Insurance Open contenders.
Jon Rahm is the No. 2 player in the world and the 2017 Farmers Insurance Open champion is the 7-1 favorite in the 2021 Farmers Insurance Open odds. Defending champion Marc Leishman bested Rahm by a stroke at last year's event and he's listed at 33-1 to repeat on this week's PGA Tour odds board. With such a strong 2021 Farmers Insurance Open field set to tee it off, be sure to check out the golf predictions and projected leaderboard from SportsLine's advanced computer model before locking in your 2021 Farmers Insurance Open picks.
SportsLine's prediction model, built by DFS pro Mike McClure, has been on fire since the return of the PGA Tour in June. In fact, it's up over $10,800 on its best bets since the restart, nailing tournament after tournament.
In all, the advanced computer model has also nailed a whopping six majors entering the weekend. Anyone who has followed its golf picks has seen massive returns.
Now that the 2021 Farmers Insurance Open field is locked, SportsLine simulated the event 10,000 times, and the results were surprising. Head to SportsLine now to see the projected leaderboard.
The model's top 2021 Farmers Insurance Open predictions.
One huge shocker the model is calling for at the Farmers Insurance Open 2021: Patrick Reed, an eight-time PGA Tour champion and one of the top Vegas favorites at William Hill, fails to crack the top 10. Reed has finished T-14 or better in three of his last five starts, which includes a top-10 finish at the Masters in November. However, Reed has failed to crack the top-20 in each of his last two outings and he missed the cut last week at The American Express.
Reed's inconsistent performances can be directly attributed to his inability to find the green in regulation. The 30-year-old enters this week's event ranked 185th in greens in regulation percentage (65.12), which doesn't bode well for his chances to finish on top of the leaderboard. He's not a strong pick to win it all and there are far better values in the Farmers Insurance Open 2021 field.
Another surprise: Matthew Wolff, a massive 33-1 long shot, makes a strong run at the title. Wolff has a much better chance to win it all than his odds imply, so he's a target for anyone looking for a huge payday. The 21-year old Oklahoma State product is 16th in the FedEx Cup Standings and 15th in the Official World Golf Ranking. This is just his second event in 2021, but he played well earlier in the 2020-21 season.
He finished second at the 2020 U.S. Open and T-2 at the Shriners Hospitals for Children Open. He also finished T-11 at the QBE Shootout in the final unofficial event of 2020. He's ranked ninth on the PGA Tour in driving distance (313.4), setting up opportunities for makable birdie and eagle putts. He also ranks seventh on the PGA Tour this season in strokes gained approaching the green. Those metrics all bode well for his chances at Torrey Pines this weekend, making him a great selection for 2021 Farmers Insurance Open bets.
How to make 2021 Farmers Insurance Open picks.
Also, the model is targeting four other golfers with odds of 28-1 or higher to make a strong run at the title. Anyone who backs these underdogs could hit it big. You can only see them here.
So who wins the Farmers Insurance Open 2021? And which long shots stun the golfing world? Check out the odds below and then visit SportsLine to see the projected 2021 Farmers Insurance Open leaderboard, all from the model that's nailed six golf majors and is up over $10,800 since the restart, and find out.
2021 Farmers Insurance Open odds (via William Hill)
Jon Rahm 7-1 Rory McIlroy 8-1 Xander Schauffele 14-1 Tony Finau 20-1 Patrick Reed 25-1 Harris English 25-1 Viktor Hovland 28-1 Sungjae Im 28-1 Hideki Matsuyama 28-1 Scottie Scheffler 33-1 Matthew Wolff 33-1 Brooks Koepka 33-1 Marc Leishman 33-1 Jason Day 35-1 Si-Woo Kim 35-1 Bubba Watson 40-1 Will Zalatoris 45-1 Adam Scott 45-1 Cameron Davis 50-1 Louis Oosthuizen 50-1 Ryan Palmer 50-1 Cameron Smith 50-1 Jason Kokrak 55-1 Billy Horschel 60-1 Corey Conners 60-1 Cameron Champ 60-1 Jordan Spieth 66-1 Sam Burns 66-1 Rickie Fowler 66-1 Gary Woodland 66-1 Francesco Molinari 70-1 Carlos Ortiz 80-1 Talor Gooch 90-1 Doug Ghim 100-1 Lanto Griffin 100-1 Charles Howell 100-1 Erik Van Rooyen 100-1 Byeong Hun An 100-1 Emiliano Grillo 100-1 Alex Noren 100-1 Charley Hoffman 100-1.


Sentry Tournament of Champions 2021 odds: Dustin Johnson is a slight favorite in his return to competition.
It’s a good time to be a fan of the PGA Tour—or someone who bets on it. The 2020-’21 season resumes this week with the 2021 Sentry Tournament of Champions, the first of 29 consecutive weeks of PGA Tour events through the Olympics in July. This stretch follows 24 straight weeks of golf—from the tour’s resumption at Colonial last June through Mayakoba in December.
We hope you were able to entertain yourself for that three-week stretch without golf through the holidays. Now, we have nonstop action through the summer. Kapalua Resort’s Plantation course has hosted the Tournament of Champions since 1999 when the event moved from La Costa, Calif.
Traditionally, as the name implies, only tour winners from the previous season are invited to the limited-field tournament. But like many things these days, this year’s event looks a little different. With some of last season’s events cancelled, the tour granted a berth in the tourney to anybody who qualified for last season’s Tour Championship. So 16 players were added to the field (Rory McIlroy opted not to play), joining 26 winners from last season. (Tyrrell Hatton also chose not to make the trip, and Jim Herman tested positive for COVID-19 before making the trip.) So yes, we could have a winner this week who makes the Tournament of Champions their first PGA Tour win (Scottie Scheffler or Abraham Ancer). As the kids would say, that’d be the most 2020 way to start 2021.
Here are the complete list of odds for the 2021 Sentry Tournament of Champions (odds courtesy of Bet365):




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The Intelligent Betto‪r‬ Drake Everist.
Listen on Apple Podcasts.
Approaching Sports betting from an investors perspective. Finding value in lines across the various sports leagues: NFL, NBA, MLB, NHL, EPL, WNBA, NCAA, and more. No longer worry about getting Mr. Wiseguy’s “lock of the week” and instead join the movement of sophisticated gamblers only taking action when lines are in our favor.
Listen on Apple Podcasts.
APR 1, 2019 The Intelligent Bettor Episode 8 - April 1st.
The Intelligent Bettor Episode 8 - April 1st.
The Intelligent Bettor Episode 8.
Recap of Weekend.
MARCH MADNESS: (27-27-4) DOWN -2.35u.
MLB SEASON: (6-4) UP 5.84 UNITS.
вљѕпёЏ MLB PROP BETS (2-2) DOWN -0.15 вљѕпёЏ.
вњ… Auburn v. Kentucky - U67 in First Half вќЊ Kentucky (-4.5) v. Auburn вњ… Michigan State v. Duke - UNDER 150.
MARCH MADNESS: (29-28-4) DOWN -1.49u bio.
I also give out 2 official bets, one is an MLB Prop and the other is a Early Pick for the Final 4.
Make sure to follow on Twitter where you can find all my added picks throughout the day as well as through the Google Sheet in my bio.
5 min.
MAR 29, 2019 The Intelligent Bettor Episode 7 - March 29th.
The Intelligent Bettor Episode 7 - March 29th.
The Intelligent Bettor Episode 7.
Recap of MLB, MLB Prop Bets, and March Madness from Yesterday.
Free Picks for second slate of Sweet 16 games.
I also give some information about how and when we will be posting MLB plays this season.
I also talk about Prop Bets and where you can find them.
Make sure to go follow us on all social media channels.
4 min.
MAR 27, 2019 The Intelligent Bettor Episode 5 - March 27th.
The Intelligent Bettor Episode 5 - March 27th.
Today’s episode includes:
A breakdown of the 4 Sweet 16 games going to be played on Thursday.
2 Official Picks for the Sweet 16 - 1 in the Duke v Virginia Tech game - 1 in the Kentucky v Houston game.
I also give some information about when we will be posting the MLB plays for tomorrow’s opening day.
Make sure to go follow us on all social media channels.
6 min.
MAR 25, 2019 The Intelligent Bettor Episode 4 - March 25th.
The Intelligent Bettor Episode 4 - March 25th.
Recap of the first four days of the NCAA Tournament and how our picks did.
Also an additional free play on a Sweet 16 game happening later this week.
March Madness Record: 23-21-3 and Down -0.15 Units Total.
We will be posting an episode of the Intelligent Bettor every Monday-Friday and will be providing picks throughout the NCAA Tournament.
We will also be giving out MLB picks starting Thursday the 28th in time for Opening Day.
Make sure to follow us on social media.
Make sure to also click the link in our social media to track our betting history.
This is all just advice so if you think that you can win on your own that is up to you.
4 min.
MAR 14, 2019 The Intelligent Bettor Trailer.
The Intelligent Bettor Trailer.
Trailer Episode for The Intelligent Bettor, which is a daily podcast that gives out free picks in a brief manner that is easy to consume. This trailer gives a glimpse into how every episode will be structured and what listeners can expect when they tune-in.


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Why 52.4% is the most important percentage in sports gambling.
Albert Einstein putatively claimed that compound interest was the most powerful force in the universe, declaring that: “He who understands it, earns it…He who doesn’t…pays for it.”
The simple mathematical logic supporting compound interest’s power to exponentially grow capital over time is irrefutable. Anyone in finance, or with a cursory understanding of bean-counting, knows that time is money. In a similar vain, the fact that sports gamblers must win or cover bets over at least 52.4% of the time is an inevitable hurdle all sports gamblers must clear to be profitable.
What’s the deal with 52.4%?
The economics of sports gambling is constructed so that the house or sportsbooks typically require players to wager at least 1.10x to win x. Put another way, most bookmakers give 10 to 11 odds — forcing the gambler to risk $11 to win $10 contingent on the outcome of a binary event (e.g., win or lose, cover the spread or not). If your team wins or covers, you win $10 (in addition to your $11 depository wager); if not, the bookmaker keeps your $11. And if the outcome is a push (e.g. the margin of victory = the spread), no money is exchanged.
To better illustrate this concept and explain the derivation of 52.4%, let’s turn to an expected value formula [ see Ex. 1.0, below].
Ex. 1.0: How Vegas Works.
Sportsbooks profit by either: being on the winning side of wager and/or; through earning risk-less profits via structured commissions embedded into the gambling odds.
Let the expected value (EV) of a wager be defined as:
EV = W(p) — L(1-p)
W = potential cash winnings ($) p = probability of winning (%) L = potential loss or amount risked to win W ($) 1-p = probability of losing (%)
You risk $11 to win $10 if Team XYZ covers the spread.
$10p — $11(1-p) = 0.
To solve for p , set the expected value or expected profit equal to zero.
p = $11 / ($11+$10)
p = $11 / $21.
p = 0.5238 or apx. 52.4%
As this example demonstrates, p = 0.524 is the value that makes our expected profit equal to zero. Therefore we can conclude that 52.4% is the frequency or rate that we must clear to make a profit, or wager to earn expected values > 0.
If this embedded edge did not exist, bettors would merely need to win 50.1% of the time to be profitable.
How Vegas Works: Bookies’ Indifference.
We can expand on the previous formula by incorporating the profit opportunity derived from bettors’ preference of wagering on a favorite:
We can simplify the previous equation further by rearranging the terms to:
p = probability that a favorite wins a particular game f = fraction of total currency wagered on the favorite out of total currency wagered on the game v = vig or commission levied by sportsbooks, which is paid only on losing bets.
According to the Freakeconomics economist, Steven Levitt, “If either the probability the two teams win is equal (p = 0.5) or the money bet on both teams is equal (f = 0.5), the bookmakers gross profit simplifies to v/2. In either of these instances, the bookmaker is indifferent about the outcome of the game and earns a riskless [ sic ] profit proportional to the size of the commission charged.”
To ensure profit, the bookmaker need not be able to predict the outcome of games more accurately than bettors — the bookmaker merely needs to predict bettor preferences so as to balance wagers on each side.
Given the aforementioned, let’s solve for the expected value (EV) of a fair coin toss from a bettor’s perspective utilizing the following expected value equation (below):
Should you take this wager?
EXAMPLE 1.1.
You risk $11 to win $10 if the fair coin flip comes up heads.
$10p — $11(1-p) = Expected Value (EV)
p = .50 = the probability of winning a bet (heads).
1- p = .50 = the probability of losing a bet (tails).
$10 = The amount awarded to the gambler if heads.
$11 = The amount risked by the gambler to win $10, which goes to the house if the gambler loses (tails).
(10* 0.50) — (11* 0.50) = -0.50 = Expected Value (EV)
To calculate your expected long-term return on investment (ROI), simply divide the expected value by the amount risked:
[(EV) / (Amount Risked)] = ROI.
(-0.50/11) = -4.55%
Now Imagine that instead of making a spread bet, you were betting on a fair coin toss with 50–50 odds (i.e., 50% win, 50% lose).
A: You should never take this wager as your expected value is negative [EV rigged coin whereby heads has a 52.4% chance of being flipped (p = 0.524) and tails has a 47.6% chance being flipped (1-p = 0.476) then your expected value would equal zero (as demonstrated in Ex. 1.0). While you won’t lose money in the long-run playing this game, you certainly won’t make any!
How Vegas Works: Break-Even?
An efficient way to break the bank…
The Vigorish: How Sportsbooks Collect Risk-less Profits.
In traditional bookmaking parlance, the vigorish , often disparagingly referred to colloquially as the vig , juice , or rake is the theoretical risk-less average profit per unit collected by a sportsbook assuming a roughly even split of betting currency on each side (e.g. 50% of wagers on the favorite; 50% on the dog).
Returning to Ex. 1.0, let’s assume that 50% of the betting action supported Team XYZ covering the spread whereby Team XYZ backers risked $11 to win $10 per bet in the event that Team XYZ covers. Furthermore, let’s assume that the sportsbooks collected an equal proportion of wagers supporting Team XYZ’s opponent, Team ABC covering the spread whereby ABC spread bettors also risked $11 to win $10 per bet.
So long as the game’s final margin does not land on ( push ) the spread value, sportsbooks will earn a guaranteed profit of $1 per bet [ see Ex. 1.2 below for further explanation].
EXAMPLE 1.2.
50% of the money bet on Team XYZ to cover -5.5.
Bettors for each side risked $11 to win $10.
The house pays out the Team ABC supporters at $10 per ticket, and holds the $11 per Team XYZ wager, retaining a guaranteed profit of $11-$10 or $1.
The house retained $1/$22 or 0.045 (4.5%) as the vig, returning the $11 risked plus the $10 in winnings to the Team ABC backers.
How to conceptualize probability and hurdle rates.
Expected Value [EV] / Amount Risked $ = Return on investment [ROI %]
The ROI is best conceptualized as your expected return per wager in the long run. Our human minds are not predisposed to naturally think in terms of probability, incidentally we tend to incorrectly interpret a loss for a given event with a 52.9% probability of occurring (47.1% probability of not occurring) as having a 0% of occurring because it did not go our way.
It is helpful to keep a quarter handy to anchor the mind to what 50% feels like as a heuristic to better calibrate our schema in terms of chance. Flip the quarter and call it 10 times, and tally how many times you called it properly. Remember that a 52.9% likelihood is not very different (in terms of probability) from 50%!
Like compounding, intelligent wagering is a long-term game. All of these hypothetical values are long-term returns that ought to be achieved with time and a sufficiently large sample size assuming your fundamental odds are more accurate than the market, and that you only wager when the EV > 0.
Expected Value Table.
Risk $110.00 to Win $100.
p(w) = 52.9% EV = (0.529 * $100)-(0.471 * $110) = 1.05, ROI = 1.05/$110 = 0.95%
May the odds be forever in your favor.
Works Cited.
Levitt, Steven D., “Why Are Gambling Markets Organized So Differently From Financial Markets?” The Economical Journal, 114 (April), 223–246. Royal Economic Society 2004. Blackwell Publishing, 9600 Garsington Road, Oxford, UK, p. 227.


Category: Sports Betting.
Buffalo Bills (7-3) at Arizona Cardinals (5-3)
The Line: Cardinals -2.5, O/U 56.5 Kickoff: November 15th @ 4:05 p.m. EST TV: CBS Game Preview The Bills are set to travel to the west coast to take on the Arizona Cardinals. Buffalo’s coming off of a statement home win against one of the best teams in the NFL […]
Houston Texans (2-6) at Cleveland Browns (5-3)
The Line: Browns -3.5, O/U 49.5 Start Time: November 15th @ 1 p.m. TV: FOX Game Preview This week the Texans look to get their second road win in a row in Cleveland. Houston’s coming off a not so surprising win against the subpar Jacksonville Jaguars. However, Cleveland is looking […]
Las Vegas Raiders (3-3) at Cleveland Browns (5-2)
The Line: Browns -2.5, O/U 55.5 Start Time: Sunday, November 1st @ 1PM EST TV: FOX Game Preview The Cleveland Browns are looking forward to coming back home after 2 straight road games to face the Las Vegas Raiders. However, the Cleveland weather is not in their favor with winds […]
Los Angeles Rams (5-2) at Miami Dolphins (3-3)
The Line: Rams -3.5, O/U: 46 Start Time: Sunday, November 1st @ 1PM EST TV: FOX Game Preview The Miami Dolphins are set to host the Los Angeles Rams at Hard Rock Stadium Sunday afternoon for a thrilling highly anticipated matchup. Well unless you’ve been living under a rock you’ve […]




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п»їBelmont Stakes Odds.
All those interested in horse race betting might be eager to know more about the Belmont Stakes odds for 2021. Luckily, we’ve done our research for this article and came up with a selection of top Belmont picks as far as Belmont Stakes odds 2021 are concerned. You can also learn more about the Belmont Park results 2019 – winners included, as well as some predictions related to the last leg of the hunt for the Triple Crown.
Belmont Stakes Odds 2021.
We’re a long way from receiving odds for the Belmont Stakes just yet, but one thing we can tell you to look out for is the general price of a Belmont winner.
The only Belmont Stakes winners in recent history to have gone off at short odds are those ultimately winning the Triple Crown, Justify and American Pharoah, as well as Tiz The Law who was winning in a year with less competition and over a shorter distance.
Otherwise, those further down the list have been successful in what is a tough race so always keep that in mind.
Top Horses in the Belmont Stakes 2021:
Belmont Stakes Horse* Trainer Form Get Bookmaker offer* Essential Quality Brad Cox Breeders’ Cup Juvenile and Breeders’ Futurity winner Jackie’s Warrior Steve Assmussen Hopeful Stakes and Champagne Stakes winne Keepmeinmind Robertino Diodoro 2nd in the Breeders’ Futurity, 3rd in the Breeders’ Cup Juvenile Hot Rod Charlie Doug O’Neill 2nd in the Breeders’ Cup Juvenile Sittin On Go Dale Romans Iroquois Stakes winner.
*Both horses and their assigned odds are subject to changes.
Given that Belmont is the fist race, it’s no wonder that there are many people on the lookout for Belmont Stakes odds 2021. You should have in mind that both the horses and the odds in this table are all subject to change in the months leading up to the race.
Belmont Stakes is the highlight of the horse racing season in the USA, as it is (usually) the last of the three races comprising the Triple Crown of Thoroughbred Racing. However, schedule adjustments lead to the Triple Crown being the first race, and noticeably shorter. The three-year-old horse who manages to win the Kentucky Derby, then the Preakness Stakes, and finally the Belmont Stakes, is the recipient of the Triple Crown Trophy. Only thirteen horses have managed to do this in history, including legendary Secretariat in 1973 (who is still the track-record holder for all three races), and in recent history American Pharoah in 2015 and Justify in 2018.
How To Bet On the Belmont Stakes outside the US?
Even though the Belmont Stakes enjoy tremendous popularity in the USA, as this race is the pinnacle of the Triple Crown chase, it is also extremely popular among punters in the UK. All reputable bookmakers have extensive horse betting sections in their sports betting markets. This means that they cover both domestic and international races. You can find all the races taking place in the USA, including the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes. This means that you can find lots of betting options for these three races, including the Belmont Stakes odds. Having in mind that all these races are popular among punters, lots of bookmakers also provide live streaming services enabling you to watch the races. Live streaming goes hand in hand with live betting, which is also available with the majority of online bookmakers.
Those brands that specialise in horse betting also aim at providing exclusive betting promotions when these three races are concerned. This is why it won’t come as a surprise to see various offers featuring the Belmont Stakes as the event draws closer. All you need to do to unlock these offers is register with an operator, meet the T&Cs and wagering requirements, and take advantage of their special Belmont Stakes betting odds.
Belmont Stakes Winners.
As we’ve mentioned, unless a horse has proven to be exceptional like Bob Baffert’s two recent Triple Crown winners the shorter-priced horses have not done so well in the Belmont Stakes.
This race is 1ВЅ miles, more than any of the contenders are used to, on a deep track and is staged within five weeks of the Kentucky Derby and three of the Preakness Stakes. It is a real slog, resulting in some of the less fancied horses winning and/or with those possessing stamina in their breeding being successful.
Here are the last ten winners of the Belmont Stakes:
Year Winner Final Odds 2020 Tiz the Law 4/5 2019 Sir Winston 10/1 2018 Justified 4/5 2017 Tapwrit 6/1 2016 Creator 15/1 2015 American Pharoah 3/4 2014 Tonalist 12/1 2013 Palace Malice 13/1 2012 Union Rags 3/1 2011 Ruler on Ice 24/1.
What Kind of Belmont Stakes Betting Odds Can You Find?
If you are searching for Belmont Stakes odds, you should know that the first ones that are going to be available are the ante-post or futures odds. These odds allow you to bet on the winner of the Belmont Stakes months, weeks, and days before this event is to take place. This means that if you manage to guess the winner correctly months ahead of the race, you can expect some excellent returns.
However, betting on ante-post markers also entails certain risks. The bookmakers try to guess which horses are going to participate in the race based on their recent performances and current form and many of them could even make it on the lineup list. But some of the runners might also be scratched on the race day, so one should take all these factors into consideration when looking to place a bet on the ante-post market.
Belmont Stakes odds FAQ.
Take a look at some of the most common questions people have regarding Belmont Stakes betting odds and this race in general.
What are Belmont Stakes predictions for 2021?
Although this race is still some time away, some Belmont Stakes predictions have already started circulating. You can learn more about potentials pretenders for the Triple Crown in our table above. One thing is certain – the closer we get to the Belmont Stakes, the more we will know about Belmont Stakes lineup and odds.
When does the “Test of the Champion” take place?
The race traditionally takes place on the first Saturday in June, but this year it is rescheduled for June 20th, 2020. It starts around 3PM ET which is 7 PM GMT.
Who won the previous Belmont Stakes?
The winner of the 2020 Belmont stakes was Tiz the Law, as the first Ney York-bred horse to win the race since 1882. His assigned Belmont Stakes odds were 6-5 on some bookmakers’ websites. His trainer is Barclay Tagg, and his jockey for Belmont Stakes was Manuel Franco.
How many horses participate in the Belmont Stakes?
The limit to the number of horses that can participate in the Belmont Stakes is twelve. However, it’s common for fewer horses to appear in the race. In 2020 there were ten starters. However, only eight first finishers receive the winnings.


Belmont Stakes Betting Guide.
The Belmont Stakes is the oldest and longest of the famed Triple Crown horse races, having first been run in 1867. Held at Belmont Park in Elmont, NY, the race is dubbed The Test of the Champion, pushing Thoroughbreds to their limits over a 12-furlong (1.5-mile) dirt course.
This extended distance makes wagering on the Belmont Stakes trickier than betting on the Kentucky Derby or Preakness Stakes, as those are sprints, while the Belmont is a marathon. Still, our Belmont Stakes betting guide should be all the help you need to pony up and win by more than a nose!
As a premier betting event, much of the buzz around the Belmont has to do with whether or not a Triple Crown contender will actually be in the running. Should there be a possible Triple Crown winner, the event becomes one of the biggest horse racing betting events of the season.
But even if no horse has qualified for the top prize in Thoroughbred racing, the Belmont traditionally turns a large handle. The 153rd Belmont Stakes will be held on June 5, 2021, and if you want to bet on the best Belmont Stakes odds, we’ll show you exactly what to do.
Best Online Sportsbooks For Belmont Stakes Betting.
Site Name Current Bonus U.S. Visit Site 50% Max $250 Visit Site Review 2 50% Max $1,000 Visit Site Review 3 50% Max $1,000 Visit Site Review 4 100% Max $500 Visit Site Review.
Is it Legal to Bet on the Belmont Stakes Race Online?
Yes! In more than 40 states, domestic horse racing betting – whether at tracks themselves, OTBs, simulcast outlets, or online – is perfectly legal, governed by the Interstate Horse Racing Act of 1978. Because horse bets are pari-mutuel in nature, such wagers do not fall under typical definitions of gambling. That said, not all states have legalized horse racing betting.
Fortunately, regardless of where you live, you can bet on the Belmont Stakes – and other major and minor horse races from tracks around the world – at any of the best online sportsbooks operating internationally. These sites are available to US residents aged 18 and up, and there are no federal gambling laws that prevent access to them or criminalize online horse racing betting in any way.
2021 Belmont Stakes Current Odds.
The 153rd Belmont Stakes is still several months out, which means that there are currently no odds posted for the event. However, as race day approaches, you will see more Belmont Stakes futures and Triple Crown odds on the betting boards.
This page will be updated with the current Belmont Stakes 2021 odds as soon as the first batch comes out of the gate, so be sure to bookmark us and check with your racebook of choice often in the coming weeks and months.
TBA.
What Is The Belmont Stakes?
The Belmont Stakes is best known as the last leg of the Triple Crown of American Thoroughbred racing, contested on the first or second Saturday in June after the conclusion of the Kentucky Derby and the Preakness Stakes.
While the race was run at several different courses since its inception in 1867, it has been held at Belmont Park in Elmont, NY, for more than a century now, and it’s the oldest major horse race in the United States.
The Belmont dirt course is also the longest, coming in at 12 furlongs. For this reason, the race is colloquially called The Test of the Champion. While the Derby and Preakness are sprints, the Belmont is a true marathon and wild card, which makes betting on the Belmont Stakes that much more intriguing.
To date, there have been only 13 horses to win the Belmont after taking the Kentucky Derby and Preakness Stakes, and 1973 Triple Crown winner Secretariat still owns the course record.
But while there will never be another Secretariat, you don’t need an all-timer to make a mint (but not a mint julep – that’s a different race!) on the best Belmont Stakes contenders. All you need is a legitimate online racebook, and those Belmont Stakes winning odds are just a click or tap away!




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п»їBetting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
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How to Calculate Odds.
Last Updated: February 1, 2021 References.
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The mathematical concept of odds is related to, yet distinct from the concept of probability. In simplest terms, odds are a way of expressing the relationship between the number of favorable outcomes in a given situation versus the number of unfavorable outcomes. Usually, this is expressed as a ratio (like 1 : 3 or 1/3 ). Calculating odds is central to the strategy of many games of chance, like roulette, horse racing and poker. Whether you're a high-roller or simply a curious newcomer, learning how to calculate odds can make games of chance a more enjoyable (and profitable!) activity.
David Jia Academic Tutor Expert Interview. 14 January 2021. Let's say we bet that we'll roll either a one or a two. In this case, there's two possibilities where we win - if the dice shows a two, we win, and if the dice shows a one, we also win. Thus, there are two favorable outcomes.
David Jia Academic Tutor Expert Interview. 14 January 2021. In the example with the die, if we bet that we'll roll either a one or a two, that means we'll lose if we roll a three, four, five, or six. Since there are four ways that we can lose, that means that there are four unfavorable outcomes. Another way to think of this is as the Number of total outcomes minus the number of favorable outcomes. When rolling a die, there are a total of six possible outcomes - one for each number on the die. In our example, then, we would subtract two (the number of desired outcomes) from six. 6 - 2 = 4 unfavorable outcomes. Similarly, you may subtract the number of unfavorable outcomes from the total number of outcomes to find the number of favorable outcomes.
David Jia Academic Tutor Expert Interview. 14 January 2021. You may choose to represent this ratio as a fraction. In this case, our odds are 2/4 , simplified as 1/2. Note - 1/2 odds don't mean we have a one-half (50%) chance of winning. In fact, we have a one-third chance of winning. Remember when expressing odds that odds are a ratio of favorable outcomes to unfavorable outcomes - not a numerical measurement of how likely we are to win.


Betting Odds Calculator.
Bet Calculator.
Wager.
Return.
The money you get back if you win.
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The profit you make if you win.
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A big offer for the Big Game!
Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
New customers only. 21+. NJ, CO, IN, TN, IN, MI, IA, VA and WV only.
Calculate how much money you stand to win per wager with our betting odds calculator. It definitely comes in handy when placing bets on Monday Night Football!
A bet calculator is an absolute necessity in the arsenal of any serious bettor. The sports betting calculator allows users to simplify some of the more complicated math and get quick and precise calculations of odds and potential winnings.
To learn more about how to use a betting calculator and the different odds formats available for sports betting read below.
How To Use A Betting Odds Calculator.
A betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically. Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds.
There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. Each type of odds requires different calculating methods when using a sports betting odds calculator.
You can also have a look at our odds converter!
American Odds.
Profit = (Stake * Odds) / 100.
Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator:
Profit = (50 * 275)/100 Profit = 13750/100 Profit = $137.50.
When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. So if we took the same example and gave the Boston Red Sox odds of -140, it would represent the fact you would have to wager $140 to make a profit of $100. To calculate the profit for an American minus odds you may use the formula:
Profit = (Stake / Odds) * 100.
So if the Red Sox were getting -140 odds and you were going to wager $50 on them the betting calculator calculation would go like this:
Profit = (50 / 140) * 100 Profit = (0.357) * 100 Profit = $35.7.
When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest.
Decimal Odds.
Decimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default. With decimal odds, you get the sum of the amount you would get in return for a $1 bet.
At most online sportsbooks like BetRivers or bet365, you can switch to this format if you prefer.
For example, let’s take a basketball game between the Los Angeles Lakers and Boston Celtics. If the Lakers were getting 2.50 odds for the game, it would mean that for every $1 you bet on the team you would get $2.50. To break it down, you would receive your stake back as $1 and another $1.50 in profits.
Calculating the potential earnings for decimal odds is very simple. You simply multiply your stake by the odds and then subtract your stake.
Profit = (Stake * Odds) – Stake.
Let’s take a look at the above example with a stake of $50.
Profit = (50 * 2.50) – 50 Profit = (125) – 50 Profit = $75.
While the calculations for decimal odds may seem very easy when the profits for accumulator bets are being calculated it’s best to use a betting odds calculator to ensure your accuracy. An odds calculator will automatically work out the odds of all the wagers combined and give potential winnings for parlay bets in seconds.
Fractional Odds.
Fractional odds are popular in the European region, especially amongst horse racing bettors in the UK and sometimes for Daytona 500 betting. With fractional odds, you are given the profit in proportion to the stake. So for example, if we had a matchup between the Dallas Cowboys and Washington Redskins where the Cowboys were getting 3/2 odds, it would mean that for every $2 you bet, you would get $3 in profit.
The way a betting odds calculator calculates the profits for a fractional odds bet is by dividing your stake by the denominator and then multiply the stake by the numerator:
Profit = (Stake / denominator) * numerator.
Taking the example mentioned above, if we add a stake of $100 to the Cowboys who are getting 3/2 odds, then the bet calculator calculation would go like this:
Profit = (100 / 2) * 3 Profit = (50) * 3 Profit = $150.




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п»їBelmont Stakes Odds.
All those interested in horse race betting might be eager to know more about the Belmont Stakes odds for 2021. Luckily, we’ve done our research for this article and came up with a selection of top Belmont picks as far as Belmont Stakes odds 2021 are concerned. You can also learn more about the Belmont Park results 2019 – winners included, as well as some predictions related to the last leg of the hunt for the Triple Crown.
Belmont Stakes Odds 2021.
We’re a long way from receiving odds for the Belmont Stakes just yet, but one thing we can tell you to look out for is the general price of a Belmont winner.
The only Belmont Stakes winners in recent history to have gone off at short odds are those ultimately winning the Triple Crown, Justify and American Pharoah, as well as Tiz The Law who was winning in a year with less competition and over a shorter distance.
Otherwise, those further down the list have been successful in what is a tough race so always keep that in mind.
Top Horses in the Belmont Stakes 2021:
Belmont Stakes Horse* Trainer Form Get Bookmaker offer* Essential Quality Brad Cox Breeders’ Cup Juvenile and Breeders’ Futurity winner Jackie’s Warrior Steve Assmussen Hopeful Stakes and Champagne Stakes winne Keepmeinmind Robertino Diodoro 2nd in the Breeders’ Futurity, 3rd in the Breeders’ Cup Juvenile Hot Rod Charlie Doug O’Neill 2nd in the Breeders’ Cup Juvenile Sittin On Go Dale Romans Iroquois Stakes winner.
*Both horses and their assigned odds are subject to changes.
Given that Belmont is the fist race, it’s no wonder that there are many people on the lookout for Belmont Stakes odds 2021. You should have in mind that both the horses and the odds in this table are all subject to change in the months leading up to the race.
Belmont Stakes is the highlight of the horse racing season in the USA, as it is (usually) the last of the three races comprising the Triple Crown of Thoroughbred Racing. However, schedule adjustments lead to the Triple Crown being the first race, and noticeably shorter. The three-year-old horse who manages to win the Kentucky Derby, then the Preakness Stakes, and finally the Belmont Stakes, is the recipient of the Triple Crown Trophy. Only thirteen horses have managed to do this in history, including legendary Secretariat in 1973 (who is still the track-record holder for all three races), and in recent history American Pharoah in 2015 and Justify in 2018.
How To Bet On the Belmont Stakes outside the US?
Even though the Belmont Stakes enjoy tremendous popularity in the USA, as this race is the pinnacle of the Triple Crown chase, it is also extremely popular among punters in the UK. All reputable bookmakers have extensive horse betting sections in their sports betting markets. This means that they cover both domestic and international races. You can find all the races taking place in the USA, including the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes. This means that you can find lots of betting options for these three races, including the Belmont Stakes odds. Having in mind that all these races are popular among punters, lots of bookmakers also provide live streaming services enabling you to watch the races. Live streaming goes hand in hand with live betting, which is also available with the majority of online bookmakers.
Those brands that specialise in horse betting also aim at providing exclusive betting promotions when these three races are concerned. This is why it won’t come as a surprise to see various offers featuring the Belmont Stakes as the event draws closer. All you need to do to unlock these offers is register with an operator, meet the T&Cs and wagering requirements, and take advantage of their special Belmont Stakes betting odds.
Belmont Stakes Winners.
As we’ve mentioned, unless a horse has proven to be exceptional like Bob Baffert’s two recent Triple Crown winners the shorter-priced horses have not done so well in the Belmont Stakes.
This race is 1ВЅ miles, more than any of the contenders are used to, on a deep track and is staged within five weeks of the Kentucky Derby and three of the Preakness Stakes. It is a real slog, resulting in some of the less fancied horses winning and/or with those possessing stamina in their breeding being successful.
Here are the last ten winners of the Belmont Stakes:
Year Winner Final Odds 2020 Tiz the Law 4/5 2019 Sir Winston 10/1 2018 Justified 4/5 2017 Tapwrit 6/1 2016 Creator 15/1 2015 American Pharoah 3/4 2014 Tonalist 12/1 2013 Palace Malice 13/1 2012 Union Rags 3/1 2011 Ruler on Ice 24/1.
What Kind of Belmont Stakes Betting Odds Can You Find?
If you are searching for Belmont Stakes odds, you should know that the first ones that are going to be available are the ante-post or futures odds. These odds allow you to bet on the winner of the Belmont Stakes months, weeks, and days before this event is to take place. This means that if you manage to guess the winner correctly months ahead of the race, you can expect some excellent returns.
However, betting on ante-post markers also entails certain risks. The bookmakers try to guess which horses are going to participate in the race based on their recent performances and current form and many of them could even make it on the lineup list. But some of the runners might also be scratched on the race day, so one should take all these factors into consideration when looking to place a bet on the ante-post market.
Belmont Stakes odds FAQ.
Take a look at some of the most common questions people have regarding Belmont Stakes betting odds and this race in general.
What are Belmont Stakes predictions for 2021?
Although this race is still some time away, some Belmont Stakes predictions have already started circulating. You can learn more about potentials pretenders for the Triple Crown in our table above. One thing is certain – the closer we get to the Belmont Stakes, the more we will know about Belmont Stakes lineup and odds.
When does the “Test of the Champion” take place?
The race traditionally takes place on the first Saturday in June, but this year it is rescheduled for June 20th, 2020. It starts around 3PM ET which is 7 PM GMT.
Who won the previous Belmont Stakes?
The winner of the 2020 Belmont stakes was Tiz the Law, as the first Ney York-bred horse to win the race since 1882. His assigned Belmont Stakes odds were 6-5 on some bookmakers’ websites. His trainer is Barclay Tagg, and his jockey for Belmont Stakes was Manuel Franco.
How many horses participate in the Belmont Stakes?
The limit to the number of horses that can participate in the Belmont Stakes is twelve. However, it’s common for fewer horses to appear in the race. In 2020 there were ten starters. However, only eight first finishers receive the winnings.


Belmont Stakes Betting Guide.
The Belmont Stakes is the oldest and longest of the famed Triple Crown horse races, having first been run in 1867. Held at Belmont Park in Elmont, NY, the race is dubbed The Test of the Champion, pushing Thoroughbreds to their limits over a 12-furlong (1.5-mile) dirt course.
This extended distance makes wagering on the Belmont Stakes trickier than betting on the Kentucky Derby or Preakness Stakes, as those are sprints, while the Belmont is a marathon. Still, our Belmont Stakes betting guide should be all the help you need to pony up and win by more than a nose!
As a premier betting event, much of the buzz around the Belmont has to do with whether or not a Triple Crown contender will actually be in the running. Should there be a possible Triple Crown winner, the event becomes one of the biggest horse racing betting events of the season.
But even if no horse has qualified for the top prize in Thoroughbred racing, the Belmont traditionally turns a large handle. The 153rd Belmont Stakes will be held on June 5, 2021, and if you want to bet on the best Belmont Stakes odds, we’ll show you exactly what to do.
Best Online Sportsbooks For Belmont Stakes Betting.
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Is it Legal to Bet on the Belmont Stakes Race Online?
Yes! In more than 40 states, domestic horse racing betting – whether at tracks themselves, OTBs, simulcast outlets, or online – is perfectly legal, governed by the Interstate Horse Racing Act of 1978. Because horse bets are pari-mutuel in nature, such wagers do not fall under typical definitions of gambling. That said, not all states have legalized horse racing betting.
Fortunately, regardless of where you live, you can bet on the Belmont Stakes – and other major and minor horse races from tracks around the world – at any of the best online sportsbooks operating internationally. These sites are available to US residents aged 18 and up, and there are no federal gambling laws that prevent access to them or criminalize online horse racing betting in any way.
2021 Belmont Stakes Current Odds.
The 153rd Belmont Stakes is still several months out, which means that there are currently no odds posted for the event. However, as race day approaches, you will see more Belmont Stakes futures and Triple Crown odds on the betting boards.
This page will be updated with the current Belmont Stakes 2021 odds as soon as the first batch comes out of the gate, so be sure to bookmark us and check with your racebook of choice often in the coming weeks and months.
TBA.
What Is The Belmont Stakes?
The Belmont Stakes is best known as the last leg of the Triple Crown of American Thoroughbred racing, contested on the first or second Saturday in June after the conclusion of the Kentucky Derby and the Preakness Stakes.
While the race was run at several different courses since its inception in 1867, it has been held at Belmont Park in Elmont, NY, for more than a century now, and it’s the oldest major horse race in the United States.
The Belmont dirt course is also the longest, coming in at 12 furlongs. For this reason, the race is colloquially called The Test of the Champion. While the Derby and Preakness are sprints, the Belmont is a true marathon and wild card, which makes betting on the Belmont Stakes that much more intriguing.
To date, there have been only 13 horses to win the Belmont after taking the Kentucky Derby and Preakness Stakes, and 1973 Triple Crown winner Secretariat still owns the course record.
But while there will never be another Secretariat, you don’t need an all-timer to make a mint (but not a mint julep – that’s a different race!) on the best Belmont Stakes contenders. All you need is a legitimate online racebook, and those Belmont Stakes winning odds are just a click or tap away!




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п»їSports Betting Odds.
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.
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 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:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
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:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
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.


The Math Behind Betting Odds & Gambling.
The math underlying odds and gambling can help determine whether a wager is worth pursuing. The first thing to understand is that there are three distinct types of odds: fractional, decimal, and American (moneyline). The various types are represent different formats to present probabilities, which are also used by bookmakers, and one type can be converted into another. Once the implied probability for an outcome is known, decisions can be made regarding whether or not to place a bet or wager.
Key Takeaways.
The three types of odds are fractional, decimal, and American. One type of odd can be converted into another and can also be expressed as an implied probability percentage. A key to assessing an interesting opportunity is to determine if the probability is higher than the implied probability reflected in the odds. The house always wins because the bookmaker's profit margin is also factored into the odds.
Converting Odds to Implied Probabilities.
Although odds require seemingly complicated calculations, the concept is easier to understand once you fully grasp the three types of odds and how to convert the numbers into implied probabilities.
There are tools available to make conversions between the three types of odds. Many online betting websites offer an option to display the odds in the preferred format. The table below can help convert odds with pen and paper, for those interested in doing the calculations by hand.
Converting odds to their implied probabilities is perhaps the most interesting part. The general rule for the conversion of (any type of) odds into an implied probability can be expressed as a formula:
As shown, the formula divides the stake (amount wagered) by the total payout to get the implied probability of an outcome. For example, a bookmaker has the (fractional) odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the formula, which is a simple matter of dividing 8 by 13 in this example, and the implied probability equals 61.5%. The higher the number, the greater the probability of the outcome.
Using an example of decimal odds, a candidate has 2.20 odds to win the next election. If so, the implied probability is 45.45%, or.
Lastly, using the American methodology, Australia's odds to win the 2015 ICC Cricket World Cup is -250. Therefore, the implied probability equals 71.43%:
It is not only important to back winners, but one must do so when the odds accurately reflect the chance of winning. It is relatively easy to predict that Man City will win against Crystal Palace, but would you be willing to risk $100 to make a profit of $61.50? The key is to consider a betting opportunity valuable when the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker.
Why Does the House Always Win?
The odds on display never reflect the true probability or chance of an event occurring (or not occurring). There is always a profit margin added by the bookmaker in these odds, which means that the payout to the successful punter is always less than what they should have received if the odds had reflected the true chances.
The bookmaker needs to estimate the true probability or chance of an outcome correctly in order to set the odds on display in such a way that it profits the bookmaker regardless of an event outcome. To support this statement, let’s look at the implied probabilities for each outcome of the 2015 ICC Cricket World Cup example.
Australia: -250 (implied probability = 71.43%)
The amount above 100%, the extra 4.76%, represents the bookmaker’s "over-round", which is the bookmaker’s potential profit if the bookie accepts the bets in the right proportion. If you bet on both the teams, you are actually risking $104.76 to get $100 back. From the bookie’s perspective, they are taking in $104.76 and expect to pay out $100 (including the stake), giving them an expected profit of 4.5% (4.76/104.76), no matter which team wins. The bookie has an edge built into the odds.
According to a study published in the Journal of Gambling Studies , the more hands a player wins, the less money they are likely to collect, especially with respect to novice players. That is because multiple wins are likely to yield small stakes, for which you need to play more, and the more you play, the more likely you will eventually bear the brunt of occasional and substantial losses. п»ї п»ї п»ї п»ї
Behavioral economics comes into play here. A player continues playing the lottery, either in hopes of a big gain that would eventually offset the losses or the winning streak compels the player to keep playing. In both cases, it is not rational or statistical reasoning but the emotional high of a win that motivates them to play further.
$12 Billion.
The amount of revenues generated by Las Vegas casinos in 2018.
Consider a casino. All of the details—including the game rules, music, controlled lighting effects, alcoholic beverages, and the interior decor— are carefully planned and designed to the house's advantage. The house wants you to stay and continue playing. Naturally, the games offered by the casino have a built-in house edge, although the house advantage varies with the game.
Moreover, novices find it particularly difficult to do cognitive accounting and people often misjudge the variance of payouts when they have a streak of wins, ignoring the fact that frequent modest gains are eventually erased by losses, which are often less frequent and larger in size.
The Bottom Line.
A betting opportunity should be considered valuable if the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker. Furthermore, the odds on display never reflect the true probability of an event occurring (or not occurring). The payoff on a win is always less than what one should have received if the odds had reflected the true chances. This is because the bookmaker’s profit margin is included in the odds, which is why the house always wins.


TheSportsGeek – Sports Betting Tips and Picks.
Your Ultimate Resource for Online Sports Betting and Sportsbook Advice in 2021.
The Sports Geek is a globally recognized brand delivering high-quality resources to beginner, advanced, and professional sports bettors and fans around the world. Whether you’re looking for data trends and analysis on the future of the industry, the best sports betting sites in the US, or you’re looking for an expert betting pick for an upcoming NFL game—the hand-picked team of experts at TheSportsGeek has you covered.
From sports gambling site reviews to picks, to blogs, to strategy tips, to breaking news—you’ll find everything you need to supplement and augment your real money sports betting journey.
Some of our most popular sports betting resources include:
Free Sports Betting Picks From Our Experts.
Get real-time, unfettered access to our team of expert sports betting analysts. The team consists of dozens of professional sports bettors with one goal in mind—share winning sports betting picks with you. Whether you’re looking for a pick on tonight’s game or you’re looking to see if the experts agree with you—this is an invaluable resource.


Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
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DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.




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