Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.
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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
- Matchup Odds
- New England Patriots +120
- Pittsburgh Steelers -140
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 sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.
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:
A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Examples:
Below is an example of NFL betting odds taken from an online betting site.
In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).
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.
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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:
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 PGA Tour and golf betting return this week with the Sentry Tournament of Champions at the Plantation Course at Kapalua in Hawaii. This year’s star-studded tournament features an expanded, but still limited field of 42 to kick-off the 2021 golf schedule. Below, we look at the 2021 Sentry Tournament of Champions betting odds, and make our PGA Tour picks and predictions to win.
Also see:
Sentry TOC Fantasy Golf Power RankingsMatchups, placings and first-round leader predictions2021 Sentry Tournament of Champions betting picks – Favorite
Odds provided by BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated Wednesday at 2:42 p.m. ET.
Xander Schauffele (+1100)
Schauffele heads into the first tournament of 2021 at No. 3 in the Golfweek/Sagarin world rankings. He trails only tournament betting favorite Dustin Johnson (+600) and Jon Rahm (+800), but he’s fifth by the odds to win this week.
The 27-year-old won here in his second appearance in 2019, and he lost in a playoff to Justin Thomas last year. He leads the entire field with an average of 2.59 strokes gained per round at Kapalua, according to Data Golf. He led last year’s field in Strokes Gained: Tee-to-Green, SG: Off-the-Tee and SG: Around-the-Green.
Schauffele finished 2020 in better form than anyone other than Johnson with 3.14 strokes gained per round on the average Tour pro over his final 20 rounds of the year. He also gained 1.16 strokes putting over his last 12 measured rounds and knows these greens very well.
He’s a value at +1000 with four golfers having equal or lower odds.
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2021 Sentry Tournament of Champions betting picks – Contender
Daniel Berger (+3300)
Berger finished 14th in this event in 2017 and 11th in 2018 but hasn’t played here since. He re-emerged in 2020 after lengthy injury troubles and has risen back to No. 6 in the Golfweek/Sagarin rankings. He won the Charles Schwab Challenge upon the Tour’s restart in mid-June and had six other top-10 finishes on the calendar year, including a runner-up finish in a comparable field at the WGC-FedEx St. Jude Invitational.
Berger’s a strong putter with a great approach game but will need to be sharper around the greens at the Plantation Course. He averaged 1.20 strokes gained on the field over his eight rounds played here.
2021 Sentry Tournament of Champions betting picks – Long shot
Mackenzie Hughes (+12500)
Hughes is playing Kapalua for just the second time in his career after qualifying for last season’s Tour Championship. Though he didn’t win last season, he had a runner-up finish, a third-place result and four other top 10s in 22 events.
The Plantation Course’s emphasis on putting and play around the green play to Hughes’ top-two strengths. He averaged 0.76 SG: Putting through his first 15 measured rounds to begin the 2020-21 season last fall.
Get some action on the 2021 Sentry Tournament of Champions by signing up and betting at BetMGM. If you’re looking for more sports betting picks and tips, access all of our content at SportsbookWire.com. Please gamble responsibly.
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