Since, in the past month, I've found myself explaining odds to quite a few people, I decided to make a guide that I could bump and let people reference towards.
So, you may not know how to read/where to read odds, and you go by other peoples odds. Well, as was shown yesterday, some people have wacko odds. So, you should be independent.
Reading sports betting odds is really easy.
There are a couple types of odds, but we go by odds that look like these:
Carolina: 120
Toronto: -150
First, here is a site that most of the forum (I think) goes by:
http://www.covers.com/odds/hockey/nhl-odds.aspxLets use an example for now:
http://www.covers.com/odds/hockey/nhl-odds.aspxThis page is the Moneyline.
The odds are the bookie odds for taking bets on BOTH teams.
Phoenix 155
Philadelphia -185
So you read that as if you bet on Phoenix it's your 1:1.55
And if you bet on Philly it's your 1.85:1
But since we're not doing bookies, we have to average the two out.
155 + 185 = 340
340/2 = 170
Thus 1.7:1 in favour of the Flyers
You can also use this page:
http://www.covers.com/sports/nhl/nhl_main.aspxFor odds as it is already calculate at the right side.
Another way to read it:
"Phoenix 155
@Philadelphia -175
Technically it would be 1.65 for Philly.
155+175/2 = 165
Covers reached 1.7 because 155+185/2 = 1.7"Chreeeis
+OT and +1.5 etc. make the odds bigger/smaller, it's different depending if the team is underdog etc. Usually if +OT is on underdog it makes the odds tilt in their favour by .3 like:
1.7:1 Vancouver s/u
1.4:1 Vancouver +OT
If it was Vancouver +OT it would be a lot higher.
+1.5 could be like tilting the odds by 1, on underdog, but that's different.
Hope this helped, open to suggestions etc.
Pce Buzzins.
TY Jay for 10fg to post this in red/bold.
This post was edited by illidan432 on Feb 22 2011 04:53pm