New to Sports Betting??

Never FEAR! ALLOW US TO BREAK THINGS DOWN!

Beginner’s Guide

Interested in betting on the game we love, but not sure how to get started? Never bet before? Don’t understand the lines? No problem!! We got you covered!

The Basics

Positive Money Lines: +100, +250, etc

Indicate how much a team or individual is an underdog

  • The higher the number, the more likely the team/individual is expected to lose

  • +200 means if you bet $100 you would win $200

  • Helpful Equation to figure out your winnings:

    • 100/Positive line = Amount Wagered/Potential Winnings

      • Example: You wager $25 on Josh Holland (+1200) 100/1200 = 25/X

      • Cross multiple to get 100x = 30000 (solve for X)

      • X (your potential winnings) = $300

Negative Money Lines: -110, -300, etc

  • Negative money lines denote favorite teams/individuals

  • The Negative amount is also the amount required to bet to win $100

  • Example: -350 line, you would have to bet $350 to win $100

  • Helpful Equation to figure out your winnings:

    • -(-Negative line)/100 = Amount Wagered/Potential Winnings

      • Example: You wager $40 on Matt Guy (-130) -(-130)/100 = 40/X

      • Cross Multiply to get 130X = 4000 (Solve for X)

      • X(your potential winnings) = $30.76

Implied Probability….How Likely are they to win??

Use this formula with Positive Odds:

  • 100/Positive Odds +100

  • Example: Tanner Halbert (+5000) 100/5000 +100

  • 100/5100 =.019 or 1.9% chance to win

Use this Formula with Negative Odds:

  • -(Negative Odds) / -(Negative Odds) + 100

  • Example: Hissner/Henderson (-120) -(-120) / -(-120) + 100

  • 120 / 220 = .54 or 54% chance to win