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In this example, each team has their own juice, meaning that depending on which team you bet on, the tax will be slightly different. The juice is for the Rams and for the Bengals. The juice works the same as moneyline bets when calculating your potential payout. It does not matter which team wins or by how much; you are only concerned about the overall point total.
Oddsmakers have set a total of American odds, as you likely guessed, are only used in sportsbooks within the United States. All of the examples used in this guide have utilized American odds, so you should be somewhat familiar with them at this point. American odds are expressed as either a positive or negative whole number. The odds scale up and down based on how much money is wagered. How Do Decimal Odds Work?
Decimal odds is the most commonly used odd type internationally, particularly in Europe. Favorites are represented by any decimal odd under 2. Decimal odds make calculating payouts easier as they only require a bettor to multiply their wager by the decimal odds. This article provides a full run-down of how to read odds and how oddsmakers formulate them, but here are the basics: NFL Moneyline Odds Betting the moneyline is the simplest NFL bet you can make.
The positive number is the odds for the underdog. The negative number is the odds for the favorite. While unusual, there are football games where both teams will have negative moneyline odds. In this case, the side with the larger negative number is the favorite. When one side is heavily favored, the point spread keeps things interesting. To cover the spread, the favorite must win the game by the margin of the point spread. The underdog covers anytime they win the game outright or lose by less than the margin outlined by the spread.
Bet on the final score to be over or under this number.
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