How Are Betting Odds Determined

​What is more fun to bet on then the fate of our country? It might come as a surprise that the Presidential election is one of the most popular betting events in the world, and with the advent of online gambling sites, there are multiple venues to get you in on the action. Betting on Presidential candidates is very similar to betting on your favorite team. You do a little research on each competitor, take a look at the future odds and past handicaps, and place your bets accordingly. There has never been a better time to get in on the race.

After the probabilities of each outcome of the football match are determined, it’s time to get to the next step: changing the odds to include the cash projections. The sportsbooks have algorithms based on previous experience that help them predict with a decent success how much money will be. How the actual odds are generated is another matter in the case of Bet365 a lot of their competitors use the Bet Genius group for Odds Data (e.g. Sportingbet, Paddy Power, Sky Bet). They will probably then make small adjustments to this based on their typical clients betting preferences (e.g. What type of action they take and biases). Fractional odds, also referred to as British odds, UK odds or Traditional odds, are often used in horse racing. These odds quote the net total which will be paid out to the bettor should they win, factoring in their stake. On the other hand, a gambler backing Manchester United, who have odds of 1/5, will see a payout of just $1 for every $5 bet. To think like an oddsmaker, though, you need to first know how he sets his numbers. The initial line, also known as an “overnight line” or “opening line,” is an educated guess of a starting point that oddsmakers believe will get equal action from bettors on both sides. ‘Money Line’ and Fighter Odds Many would say that betting the money line is one of the easiest and simplest ways to bet in sports. Here’s how simple it is — you place a bet, and if you pick the winner, the sportsbook will pay you the amount owed. In boxing, money lines are simply another way to.

There are many options available for aspiring election gamblers. With numerous legal wagering sites functioning across the globe, millions of Americans are betting every day in safe and secure environments. These trusted sites are backed by U.S. media giants such as ESPN and CNBC, and maintain reputations of superior prestige.

This page will fill you in on the mechanics of Presidential wagering, as well as review some of the best gambling sites out there at the moment. We have gone through all of the top-rated betting sites with a fine-toothed comb in order to give you what we believe to be the cream-of-the-crop.

Different Types Of Presidential Betting Odds

Individual Odds For Who Will Be The Next President Of The United States

Of course, the most popular means of betting on the Presidential election is simply betting on who you believe will win the election. Out of the entire pool of candidates, you can pick one and keep your fingers crossed until November in hopes that they will win. The further out you make your bet, the bigger the payout will be. As the election draws near, you will see odds for those most favored to win the election begin to even out closer to on-to-one odds.

While the election is still a ways away you can bet on the futures of the candidates, as well as which party will emerge victorious. You will be betting on an outcome that is some time away, weighing your decision by personal research as well as bookmakers predictions and expert opinion, and just like a sportsbook there will be handicaps. As with most futures betting, you can wager on who will win the race and see how much you stand to win by looking at the fractional odds. Candidate A is a favorite their odds may be 13/10, for example. With these odds, if you bet $20, you would receive $26. All the best betting sites do this math for you.

Odds For The Republican Party Or Democratic Party To Win Presidency

Another great way to win big is to bet on the party line. Will it be the Democrats or the Republicans? These future bets work similar to a money line in that you will have a favorite (negative number) and an underdog (positive number), the negative number representing how much you need to bet to win $100, and the positive number representing how much you will win if you bet $100. The party odds are determined by popular and expert opinion, just like any futures bet.

Prop Bets For The Presidential Election

Some of the propositional bets that revolve around the election include who will win the first debate, or which candidate might do better or worse with a certain demographic. You can bet on the primaries and the caucuses held in each state, as well as most events which involve a winner or a loser up to Election Day. And you can bet on the popular vote vs. electoral vote as well as the gender of the winner.

State primary odds open up around the beginning of the election year. This allows you to follow the campaigns of both parties, and play the stakes right up until the nomination. You can bet on each party’s primaries in states that are undecided on who will be chosen to represent the party in the upcoming election.

The over/under electoral vote count is done on a candidate by candidate basis, and you are simply betting on whether a certain candidate get more or less than the predetermined number of electoral college votes. The agreed upon amount will be different for each candidate based his/her odds for the upcoming election. This betting line usually doesn’t appear on sites until a week or so before the election.

Similar to the electoral vote count, you can bet on odds to win popular votes. The difference between the electoral vote and popular vote, is that a candidate can win the popular vote but still lose the election. Popular vote odds are presented the same way electoral votes are, with candidate A or candidate B to win. The popular vote pool should open up within a month of Election Day.

Another fun way to wager on the Presidential race is done by picking one candidate or the other to win a particular swing state. These are states that could to go either way, Democrat or Republican, and usually have a big impact on the election. If a candidate is considered a 2 to 1 favorite to win a specific swing state and the underdog ends up winning that state, those who bet on the underdog would win a hefty amount of money. Odds for swing state betting usually don’t appear until shortly before the election.

Betting Odds For Which Presidential Candidate Will Win A Particular State

Many sites will have odds on who will win individual states. If you think candidate A has good odds on winning the Ohio vote, you can bet on just that state, instead of the entire election. If candidate A and Candidate B are fighting for presidency and candidate A wins the Ohio vote, yet candidate B wins the election, you can still win if you bet on candidate A to take Ohio. These bets can spice up the fun by giving you more to bet on than just who wins the election, as you can win a few battles even if the candidate you choose loses the war.

Betting

Electoral Votes, Handicapping, And Margin Of Victory

There is usually a popular and electoral betting pool in which you can bet on how many votes each candidate will win by, as well as the percentage difference between popular and electoral votes. These types of wagers can be very exciting as Election Day draws near, as you can watch the state by state results live on TV or on the web. Electoral vote handicapping results in the “spread” of electoral votes that you can bet on, evening the playing field just like a point spread. Rather than winning outright, the newly elected president must win by more than the spread for bets on the favorite to win.

There is no limit to the ways you can bet on our nation’s future leader, and the websites we review will give the best odds and up to date betting lines in the world.

Bovada Sportsbook - Best Sports Betting Site For Players In America

We all know that sports are mainly what players can vote on when they get on to their Bovada sportsbook. There are plenty of things that most players can bet on but here in 2020 there is something called the presidential race that is important in our country and a lot of people can take a break from betting on sports games and take stab at betting on the who wins the presidential race on the Bovada. Bovada has it all and having the presidential race is just one huge bonus. Players can place big money on the race and use the winnings to prepare for the other sports games coming up.

MyBookie Sportsbook - The Race Is On Going On At MyBookie

MyBookie is one of the best online sportsbooks that have all the things and that includes the presidential race that has some candidates. This time there is plenty of voting that needs to be done so that means that sports need to be put on hold. This is something that happens every four years and this is bettors would put their big money on. There will be plenty of different bets on voting that can make players make a lot of money. With MyBookie being one of the sportsbooks that offer the best political betting odds, sports are the only one thing that bettors can find themselves placing wagers on at MyBookie. Well, the presidential election is very huge so this will be one wagering opportunity for players on MyBookie as well.

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Sports betting is extremely popular. You love the sport. And you love betting.

Boxing, maybe more than any other sport, particularly lends itself to the art of wagering.

But to be successful, there are a few things any bettor should know especially when considering the sport of boxing.

Boxing odds are a bit different from other sports.

We’ll explain those differences in this article and equip you with the know-how and some special tips to make you a confident boxing bettor.

Table of Contents

How Do You Read Boxing Odds?

Understanding money lines is an important first step to reading boxing odds.

Boxing odds are written in money lines rather than fighter odds because, in boxing, the odds aren’t always a whole number.

Boxing odds are written with plus (+) and minus (-) symbols, and to read boxing odds, you need to know what those symbols mean.

‘Money Line’ and Fighter Odds

Many would say that betting the money line is one of the easiest and simplest ways to bet in sports.

Here’s how simple it is — you place a bet, and if you pick the winner, the sportsbook will pay you the amount owed.

In boxing, money lines are simply another way to express fighter odds.

Let’s say you’re considering placing a bet and you see the money line +400.What does that actually mean?

It’s just another way to express the odds.

In this case, +400 means the odds are 4 to 1.

It’s as simple as that. Kinda.

The + and – signs are significant — we’ll explain in more detail below.

But for now, an example may suffice.

Let’s take the +400 mentioned above. This would be 4 to 1 for the underdog. If you bet $100, you would win $400.

However, let’s say you are looking at – 400. This means the favorite has 4 to 1 odds. You would have to bet $400 for every $100 you want to win.

Does this sound confusing? Keeping reading to clear things up.

Boxing Odds Explained: Minus (-) vs. Plus (+) Money Lines

You want to know how odds work in boxing.

Maybe you’re familiar with the lingo —

  • Laying money
  • Taking a price
  • “Pick ‘em” fights

But what do those terms really mean?

Before you put your money down, you’ll want to have a better understanding of the terms, what they mean, and how they express the odds.

Determined

Before looking at the details, a few basics you should know are:

  • The minus (-) refers to the favorite.
  • The plus (+) refers to the underdog.
  • The number with the (-) is the amount you have to bet to win $100.
  • The number with the (+) is what you win if you bet $100.

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Laying Money (-)

Now that you know the basics, let’s dig into the details.

As mentioned above, the (-) identifies the favorite and expresses the amount you must bet to win $100.

But what does the phrase “laying money” mean?

It simply means, that when you look at the two options (boxers, in this case), you will lay your money on the side of the favorite.

But laying money comes with a risk — betting more than what you will make if you win (concerning profit).

Let’s look at some examples again to make it clearer:

  • Let’s say the favorite goes up at -500 money line. The bettor who chooses this favorite would put up $500 to win $100. If this fighter wins, the bettor would win $100 and get their $500 back, thus risking 5 times more than he’ll win.
  • The same scenario above would be true with a lesser bet. Say the bettor lays down $50 on the favorite. If he wins, he’d win $10 — still risking $5 for every $1 in winnings.

Taking a Price (+)

Taking a price is a different situation than laying money, and taking a price identifies the underdog.

The term “taking a price” has to do with how much the bettor will have to pay to make a bet — putting a price on a bet.

One way to think about it is the opposite of laying money. For every dollar the bettor risks, they are going to profit in a greater proportion.

Let’s look at another example to explain:

  • The bettor sees a +300 underdog. The “300” signifies to the bettor that if he bets $100 and the underdog wins, the bettor will profit $300, plus their original $100 bet.
  • Again, this scenario works with different amounts. This same bettor could bet $10, and if the underdog prevails, then the bettor would win $30. Again, the ratio determines the win amounts. Basically, in this case, for every dollar the bettor bets, he will profit $3 if the underdog wins — thus, the 3 to 1 ratio.
Odds

‘Pick-em’ Fights

What if there isn’t a clear favorite? What if the fighters are equally matched or one has only a slight advantage?

This occasionally happens, and in this case, both competitors will have a (-) before the price.

These scenarios are called “pick ‘em” fights and they might look something like this:

  • Fighter X – 110
  • Fighter Y -110 (The bettor would win $10 for an $11 bet.)

Or

  • Fighter X -120
  • Fighter Y -110

In either of these cases, the bettor will need to lay a price on both of the fighters and simply pick one to win.

Why bet on both?

Since there aren’t any real “odds”, this gives the sportsbook an opportunity to turn out an advantage.

How Do Odds Work in Boxing? Use the Odds to Determine Possibilities

Now that you know the basics of betting odds or more specifically, how odds work in boxing, it’s time to learn how to use that knowledge to make reasonable bets.

How can you use this information to know which competitor is the best bet — or which bet will deliver the best value?

In other words, which bet will deliver a payout better than you imagine it should?

Convert the Odds to Percentages

One way to determine value is to convert the odds to percentages.

This basically means that the bettor can convert the money line odds to a percentage of a chance to win and place the wager that way.

The bettor needs to answer the question, “Does Fighter X have a bigger chance of winning than Fighter Y?”

The best way to figure that out is to put some basic math skills to work and let the percentages — or chances of winning — speak for themselves.

When You Might Choose the Favorite to Win

Here’s how it works. (We’ll use odds that end in even percentages to make it straightforward.)

Let’s say Fighter X goes up at – 400. Remember, this represents a “to a dollar” bet. We could say that this fighter’s odds are 4 to 1 — if he wins, you’ll get paid 4 to 1.

However, to consider the odds as a percentage, we need to look at it this way: Fighter X has 5 out of 6 chances of winning. This converts to 80% (5 divided by 6 and then multiplied by 100).

So, should the bettor gamble on Fighter X?

Yes, as long as the bettor is confident that the favorite has more than an 80% chance of winning.

When You Might Choose the Underdog to Win

You can think about the underdog similarly.

If the underdog goes up at + 300, it does not mean that he has 1 out of 3 chances of winning. Rather, it means that he has 3 times the chances of losing.

Converting these odds to a percentage can help.

With +300 odds, we can say that this fighter has 1 out of 4 chances of winning. When we turn that into a percentage (1 divided by 4, then multiplied by 100), we see this fighter has a 25% chance of winning.

If the bettor believes that this fighter has more than a 25% chance of winning, then this might be a good bet.

In the end, whether the bettor is looking at the favorite or the underdog, if there isn’t a clear way for the fighter being considered to win, he may be better off avoiding the bet altogether.

How Does Boxing Betting Work? 5 Types of Boxing Bets

This question has a multifaceted answer.

There are several types of boxing bets, and taking a look at a few examples of each may help you determine where you are most comfortable.

How Do Betting Companies Calculate Odds

#1: Money Line

As mentioned before, betting the money line could be considered the simplest and most straightforward type of bet.

Essentially, you are betting on the victor.

How Are Betting Odds Determined Nfl

Who do you think will win based on the odds? Consider the following situation:

  • Fighter X goes up at – 600
  • Fighter Y goes up at + 400

The bettor may look at this setup and decide that Fighter X has a better chance of winning, and places his bet on the favorite.

#2: Number of Rounds (Over/Under)

Over/under betting is based not on who will win the match but on how many rounds the bettor thinks the match will last.

Consider Fighters X and Y above, let’s say the book lists an over/under of 8.5 rounds:

  • over, – 600
  • under, + 400

If the bettor thinks the fight will last into the 9th round, he should choose the “over.”

On the other hand, if he thinks the fight will be stopped in the 8th round or before, he should take the “under.”

#3: Victory Betting

Victory betting deals with how the victor will win. Wins can be determined by:

  • Knockout – KO/Technical knockout – TKO
  • Points/decision
  • Submission
  • Disqualification

In our example above with Fighters X and Y, a bettor may wager on Fighter X KO/TKO. For the bettor to win the wager, Fighter X would have to win the fight with a knockout or technical knockout.

#4: Proposition Bets

Proposition bets, or “special” bets, allow the bettor to bet on different features of a fight.

Some aspect the bettor may choose from are:

  • Knockouts
  • Knockdowns
  • Point deductions
  • Type of punch to land first
  • Duration of the fight
  • Decision of fight
  • Draw

How Are Betting Odds Determined

#5: Scorecard Spread

Betting on scorecard spread concerns the difference in points fighters earn in a fight.

Points can be given for:

  • Winning by stoppage
  • Winning by decision
  • Draw

A spread between Fighters X and Y may look something like this:

  • Fighter X – 13.5
  • Fighter Y – 6.5

If Fighter X wins by 14 or more, the bettor wins his wager.

Beyond How Odds Work in Boxing: Other Factors to Consider When Placing a Wager

To end our discussion of how boxing odds work, it may be helpful to take a look at some other elements that may help a bettor make an informed wager.

  • Styles of boxing – Consider how the boxing style of the fighter. Does he bounce around the ring? Does he jab hard? What is his style like compared to his competitor?
  • Fighting history – Who has the fighter competed against in the past? Have the fights been evenly matched? What level of competition has the fighter experienced before?
  • Tale of the tape – Looking at stats like height, weight, age, record, etc. can help the bettor see if there is a clear mismatch.
  • Physical shape – The bettor wants to place bets on fighters who are in good physical condition and are training consistently.

Now That You’re ‘In the Know,’ Place Your Boxing Bets Online With ZenSports

You now have a better idea of how odds work in boxing, and you’re reading to start betting.

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