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How Betting Odds Work - Sports Betting Odds Explained

Follow me on Twitter - http://twitter.Dom/kevinsportsgeek Most sports betting sites use American style betting odds and a lot of people seem to have troubles understanding how to read the betting odds and how exactly they work. In this video I do my best to quickly explain how American style betting odds work. In the video I give an example using both negative odds (-110) and positive odds (+150) to show you the difference. The key is with the sign in front of the numbers. The negative sign shows you that the odds are showing you how much you need to risk in order to win $100, while the positive sign shows you how much you will win with a $100 wager.

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Will local bookies survive when legal sports betting comes to Illinois? The odds look good. I plan to keep using the guy I’ve used.” Illegal bookmakers haven’t disappeared from states that already allow sports betting. Nevada still makes regular busts — one ring, broken up five years ago, actually set up shop on the grounds of a Las Vegas casino to process bets on World Cup soccer matches — and considers bookies so vexing that it recently passed a law allowing police to wiretap their communications. The Nevada Gaming Control Board said in a statement that โปรโมชั่นบอลออนไลน์ bookies persist because their low overhead — they don’t pay taxes or have regulatory expenses — means they can offer more attractive odds than legitimate sports books. They can also give rebates or credit, and accept bets from people Handicap who want to keep their gambling hidden from government scrutiny. [Most read] Accused U. of I. killer Brendt Christensen’s online life detailed in court: ‘I don’t care how I am remembered, just that I am’ » “(Without) reporting requirements, suspicious betting cannot be monitored, analyzed and, if warranted, investigated by authorities for money laundering or sports bribery violations,” the board said. Rep. Mike Zalewski, D-Riverside, who helped guide Illinois’ gambling legislation through the General Assembly, said legal sports betting’s possible effect on local bookmakers didn’t figure into lawmakers’ deliberations. Offshore gambling websites were a much larger concern, he said.

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