At Odds Scanner US, we understand that not everybody knows how sports betting works. We’ve created detailed sports betting guides to teach bettors what they need to know in plain English, including betting odds and lines.
If you want to profit, you need to understand all the intricacies of sports betting. Our platform helps you select bookmakers with the best odds. We also share betting tips, news, and strategies that increase your chances of profiting in the long run.
Now that you understand what Odds Scanner US offers, let’s switch gears and discuss two of the most critical concepts in sports betting: odds and lines. Understanding these concepts will impact how successful you’ll be in the long term.
Sports Betting Odds Explained
Understanding sports betting odds is the first step to making more money from betting. Odds show how much a bookmaker will pay when you win a bet. They represent the probability of a particular outcome.
Bookmakers provide pre-match odds for those who want to place bets before games start as well as live betting odds for those who wish to wager as games unfold. Different sportsbooks determine their odds in different ways, so the odds for a single match often vary across sports betting websites.
Odds Scanner US helps punters bet on the most valuable betting odds today by comparing offers from various bookies.
Why Should You Care About Betting Odds?
When you wager on the best odds, you’re guaranteed a better return if you win your bet. If you don’t use the most valuable sports betting odds, you lose money even when you win.
For example, let’s look at the recent MLS game between Charlotte and Los Angeles. Here are the odds from two bookmakers:
- Bookmaker 1: 2.80 (1) 3.30 (X) 2.45 (2)
- Bookmaker 2: 2.80 (1) 3.45 (x) 2.49 (2)
The game ended as 0-1. If you’d staked $100 on Los Angeles Galaxy with bookmaker 1, you could have won $245. If you placed the same bet with bookmaker 2, you could have won $249.
Sports Betting Lines Explained
A betting line is a kind of wager where the bookmaker sets a number to handicap a particular team. This gives both teams an equal chance of “winning.” The handicap created also ensures only two outcomes.
For instance, let’s say the Cleveland Cavaliers are playing the Toronto Raptors. If a bookmaker deems the Cleveland Cavaliers to have a 20-point advantage, they can handicap the Cavs by 20 points. This means that if the Cavs only win by 15 points, a bet on the Raptors will pay (and a bet on the Cavs will not). Odds Scanner US helps you get the best betting lines today, including live betting lines.
Why Care About Betting Lines?
Understanding sports betting lines helps you to identify the best betting opportunities. You get a comprehensive outlook of betting and figure out whether to bet on moneylines, point spreads, totals, or futures. To bet successfully, you need to know how betting lines work.
Choosing the best betting lines can be a great determiner of how much money you make from a wager. At Odds Scanner US, we provide the best sports betting lines today as provided by the top sportsbooks in the country.