d2jsp
Log InRegister
d2jsp Forums > Off-Topic > Sports Coliseum > Martial Arts, Boxing & Wrestling > Money Line Betting Explained (hopefully) > What's All This + And - Business?
1238Next
Add Reply New Topic New Poll
Member
Posts: 16,520
Joined: Jan 7 2006
Gold: 660.28
Jun 1 2009 05:21pm
Introduction
    Hi, I'm lncarnaxim and I will be your pilot for today. :D I've had several inquiries about sports betting and specifically, money lines. What does it mean when people say 4:1? What does it mean when a fighter is listed as -100? Hopefully these questions will be adequately addressed. This snippet will not cover point spreads, parlays, or other facets of betting. One thing at a time here, folks. :) I'll give a few examples of money lines and explain them (hopefully accurately). I also have a section for people that want a quick read or merely want to figure out how this applies to you entitled MMA Betting on D2JSP.
Money Line Examples
    Example 1
      These odds are made-up. For example if the card reads:
      Quote (Made-Up Odds In My Odd)
      Anderson Silva (-700)
      Thales Leites (+500)

      So if you were betting on Anderson Silva, to make $100 you'd have to put up $700 ($800 total = $700 risked, $100 made if you win the bet). If you put $100 on Thales Leites to win, you'd win back $500 ($600 total, $100 risked, $500 made if you win the bet). In this instance, a fair proposition would be to have 6:1 odds on Anderson Silva. So if you and I wanted to bet, I'd put down 600 FG and you'd put down 100 FG. The bet winner takes all 700 FG.

    Example 2
      Another example with actual odds according to betus.com:
      Quote (Actual Odds According to betus.com)
      Chuck Liddell (-200)
      Mauricio Rua (+150)

      In this instance, putting down $200 on Liddell will get you $100 back + your original investment ($300 total). Putting $100 down on Rua will get you $150 back (or $250 total). The actual odds usually depend on the person with whom you set the bet.

    Example 3
      Here's a final example using another real-life example from UFC 91:
      Quote (Actual Odds According to betus.com)
      Randy Couture  (-140)
      Brock Lesnar (Even)

      To make $100 on Randy, you'd have to bet $140. This would get you $240 back ($100 + Original Investment of $140). Lesnar is listed as even, which simply means betting $100 yields $100, sending you home with $200 in your pocket. I think you get this by now.

MMA Betting on D2JSP
    So, here's the way I translate these moneylines to get to those ever-familiar ratios. I merely add both numbers (ignoring the positive and negatives) and divide it by 200. Let's briefly revisit our first three examples.
    Example 1
      Quote (Made-Up Odds In My Odd)
      Anderson Silva (-700)
      Thales Leites (+500)

        Example 1.) 700 + 500 = 1200 /200 = 6. So, a betting thread for this fight might have 6:1 odds. Someone would bet 60 FG on Silva and another person would bet 10 FG on Leites.


    Example 2
      Quote (Actual Odds According to betus.com)
      Chuck Liddell (-200)
      Mauricio Rua (+150)

        Example 2.) 200 + 150 = 350 / 200 = 1.75. This depends on how the person decides to round it, if at all. I personally would keep these odds for the sake of fairness, so I'd probably put up 17.5 FG on Liddell vs someone else's 10 FG.

    Example 3
      Quote (Made-Up Odds In My Odd)
      Randy Couture  (-140)
      Brock Lesnar (Even)
        Example 3.) 140 + 100 = 240 /200 = 1.2. On this particular bet, you'll most likely see 1:1 odds, which we did. :D
A Final Note
    People use different betting sites to retrieve money lines. I personally use http://betus.com, some people use http://sportsbook.com. If the person you're betting with gives odds you don't understand, ask him/her for a source and/or check the betting sites. Most people give sources to their money lines and there are also a lot of helpful people on this forum who typically speak up if someone is not giving reasonable odds (like me B) ). If you dislike the odds, please voice your disagreement politely (as with all disputes in this forum) or simply don't bet. Also, remember that it is common for money lines to change as an event grows nearer, so don't feel cheated if you happen to notice someone with better odds than you. This should hopefully address a majority of the questions I've received about this subject. If you have any further specific concerns about betting, I can do my best to help you out. Just post or PM.

    Thank you boys and girls, have a wonderful day. :banana:
Member
Posts: 50,357
Joined: Feb 15 2007
Gold: 150.00
Warn: 100%
Jun 1 2009 05:38pm
Great topic !!, Sticky In sig / profile IMO ;)


10/10 for odds explained
Member
Posts: 15,614
Joined: Apr 3 2005
Gold: 5,969.33
Jun 1 2009 09:38pm
thanks a lot, i was a little confused, and thought 1000 meant 100%, so the way i had "understood" it, +550 meant you'd gain 155$ for betting 100, including initial bet, now your way explains much better
Member
Posts: 16,520
Joined: Jan 7 2006
Gold: 660.28
Jun 3 2009 02:17pm
Quote (FatZero @ Mon, Jun 1 2009, 07:38pm)
Great topic !!, Sticky In sig / profile IMO ;)


10/10 for odds explained


Put in my profile, the additional link makes my siggy too long. :mellow:

Quote (StephanePare @ Mon, Jun 1 2009, 11:38pm)
thanks a lot, i was a little confused, and thought 1000 meant 100%, so the way i had "understood" it, +550 meant you'd gain 155$ for betting 100, including initial bet, now your way explains much better


Yea, I was hoping to try and help people who weren't as familiar with odds, I've been getting several questions about it from many people, thought I'd share my limited knowledge on the subject.

This post was edited by lncarnaxim on Jun 3 2009 02:18pm
Member
Posts: 28,450
Joined: Apr 2 2007
Gold: 678.00
Jun 3 2009 03:06pm
this should be stickied at the top of the forum imo


good job, mang

WOT 4 Life!
Member
Posts: 16,520
Joined: Jan 7 2006
Gold: 660.28
Jun 6 2009 09:35pm
Quote (hATemOnkEy @ Wed, Jun 3 2009, 05:06pm)
this should be stickied at the top of the forum imo


good job, mang

WOT 4 Life!


Thank you, it took me a second to remember what WOT was. :D
Member
Posts: 17,849
Joined: Mar 28 2006
Gold: 14,892.26
Jun 6 2009 10:58pm
Quote (lncarnaxim @ Mon, Jun 1 2009, 04:21pm)
Introduction
    Hi, I'm lncarnaxim and I will be your pilot for today. :D I've had several inquiries about sports betting and specifically, money lines. What does it mean when people say 4:1? What does it mean when a fighter is listed as -100? Hopefully these questions will be adequately addressed. This snippet will not cover point spreads, parlays, or other facets of betting. One thing at a time here, folks. :) I'll give a few examples of money lines and explain them (hopefully accurately). I also have a section for people that want a quick read or merely want to figure out how this applies to you entitled MMA Betting on D2JSP.
Money Line Examples
    Example 1
      These odds are made-up. For example if the card reads:

      So if you were betting on Anderson Silva, to make $100 you'd have to put up $700 ($800 total = $700 risked, $100 made if you win the bet). If you put $100 on Thales Leites to win, you'd win back $500 ($600 total, $100 risked, $500 made if you win the bet). In this instance, a fair proposition would be to have 6:1 odds on Anderson Silva. So if you and I wanted to bet, I'd put down 600 FG and you'd put down 100 FG. The bet winner takes all 700 FG.

    Example 2
      Another example with actual odds according to betus.com:

      In this instance, putting down $200 on Liddell will get you $100 back + your original investment ($300 total). Putting $100 down on Rua will get you $150 back (or $250 total). The actual odds usually depend on the person with whom you set the bet.

    Example 3
      Here's a final example using another real-life example from UFC 91:

      To make $100 on Randy, you'd have to bet $140. This would get you $240 back ($100 + Original Investment of $140). Lesnar is listed as even, which simply means betting $100 yields $100, sending you home with $200 in your pocket. I think you get this by now.

MMA Betting on D2JSP
    So, here's the way I translate these moneylines to get to those ever-familiar ratios. I merely add both numbers (ignoring the positive and negatives) and divide it by 200. Let's briefly revisit our first three examples.
    Example 1
        Example 1.)700 + 500 = 1200 /200 = 6. So, a betting thread for this fight might have 6:1 odds. Someone would bet 60 FG on Silva and another person would bet 10 FG on Leites.

    Example 2
        Example 2.)200 + 150 = 350 / 200 = 1.75. This depends on how the person decides to round it, if at all. I personally would keep these odds for the sake of fairness, so I'd probably put up 17.5 FG on Liddell vs someone else's 10 FG.

    Example 3
        Example 3.)140 + 100 = 240 /200 = 1.2. On this particular bet, you'll most likely see 1:1 odds, which we did. :D
A Final Note
    People use different betting sites to retrieve money lines. I personally use http://betus.com, some people use http://sportsbook.com. If the person you're betting with gives odds you don't understand, ask him/her for a source and/or check the betting sites. Most people give sources to their money lines and there are also a lot of helpful people on this forum who typically speak up if someone is not giving reasonable odds (like me B) ). If you dislike the odds, please voice your disagreement politely (as with all disputes in this forum) or simply don't bet. Also, remember that it is common for money lines to change as an event grows nearer, so don't feel cheated if you happen to notice someone with better odds than you. This should hopefully address a majority of the questions I've received about this subject. If you have any further specific concerns about betting, I can do my best to help you out. Just post or PM.

    Thank you boys and girls, have a wonderful day. :banana:
Great job brotha :)




Quote (lncarnaxim @ Sat, Jun 6 2009, 08:35pm)
Thank you, it took me a second to remember what WOT was. :D
What? I almost thought I was gonna have to remind you............... The hard way, lol :D Some of the newer people may not get the significance of this, but you know what I mean :D haha

This post was edited by MerleHaggard on Jun 6 2009 11:04pm
Banned
Posts: 27,626
Joined: Jan 4 2008
Gold: Locked
Trader: Scammer
Warn: 20%
Jun 7 2009 07:45am
Great topic, very useful! :D
Member
Posts: 15,614
Joined: Apr 3 2005
Gold: 5,969.33
Jun 7 2009 03:58pm
somehow, the only thing i can think of for WOT would be wheel of time, but these books ahve nothing to do with the current subject, so im guessing it's something else

This post was edited by StephanePare on Jun 7 2009 03:59pm
Member
Posts: 28,450
Joined: Apr 2 2007
Gold: 678.00
Jun 7 2009 04:49pm
Quote (StephanePare @ Sun, 7 Jun 2009, 22:58)
somehow, the only thing i can think of for WOT would be wheel of time, but these books ahve nothing to do with the current subject, so im guessing it's something else


you guess correctly
Go Back To Martial Arts, Boxing & Wrestling Topic List
1238Next
Add Reply New Topic New Poll