Odds 150
Last week, we went over how to read sports betting odds and covered the most common items you'll see on a betting board inside a sportsbook (or on your screen with your online sportsbook). These included point spreads and totals. When betting these choices, you will almost always see -110 listed with them. If you don't know what that means, don't worry - we're covering that today and it's not nearly as complicated as it looks. Whether you're brand new to betting, have placed some bets but have disregarded the -110, or live outside the United States and are unfamiliar with American odds, you'll be an expert in no time after reading.
The -110 listed is the actual odds given for these bets, and the odds determine how much you win based on the amount of your wager. This is why the odds are often called the price of a bet. When you see -110 odds, you need to bet $110 to win $100. Of course, you don't need to literally bet $110; that is just the ratio of the amount bet to the amount won. You can bet $11 to win $10, $20 to win $18.18, etc.
For those that live outside the United States, this may look even more strange since -110 is in American odds format. In Decimal odds, which is common in Europe, -110 translates to 1.91 odds. I'm not going to dive into Decimal odds (or other formats) since this article is about American odds, but the Decimal system is pretty straightforward. The odds listed represent a bettor's total return for a winning wager as you simply multiply the odds by the amount you wish to risk. If someone risks $100 at 1.91 odds and win, they receive $91 plus their initial $100 risked ($91 + $100 = $191).
FOX Bet is the new online betting sportsbook by FOX Sports. Place your bets on Football, Basketball, Baseball, Hockey, Tennis and all major sports. If someone risks $100 at 1.91 odds and win, they receive $91 plus their initial $100 risked ($91 + $100 = $191). Getting back to the American format, -110 is the standard odds for even. propositions (i.e spread and totals bets). Spreads and totals odds may vary slightly from this number, but in.
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- $100 + $50 = $150. $150 x 10 = $1,500. That means you will need to put $1,500 in action before cashing out. The bets are cumulative. So the more you play, the sooner you will meet your rollover and be ready to cash out your winnings! For Sportsbook Bonuses, only wagers placed in the sportsbook qualify towards the rollover requirements.
Getting back to the American format, -110 is the standard odds for even* propositions (i.e spread and totals bets). Spreads and totals odds may vary slightly from this number, but in general this is what you will see. For reduced juice sportsbooks like 5Dimes, you will see -105 instead of -110, but the concept is still the same.
*Betting $110 to win $100 obviously is not an even bet. The extra $10 (or 10%) is the sportsbook’s commission, also known as the vigorish or juice. This commission is reduced to 5% with 5Dimes and other reduced juice books, but this commission is found everywhere. You are given this back when you win, but is obviously kept by the house when you lose.
Here is an example of a betting board with NBA lines:
As you can see, -110 is shown next to each spread and totals bet. This would definitely look confusing to someone that has never bet on sports, but now you know it is simply the price for each bet. To determine how much you will win on a bet, you can divide your bet amount by 1.1:
$ Bet / 1.1 = $ W0n ($110 / 1.1 = $100)
For those not good at math, you can also do the reverse. If you want to know how much you need to bet in order to win a certain amount, multiply what you want to win by 1.1
$ To Win * 1.1 = $ Needed to Bet ($100 * 1.1 = $110)
As you can see, understanding the -110 in sports betting is pretty basic once you realize what it represents. You can also apply this knowledge to other odds as well, such as the money line. This kind of bet is different because you are betting who will win the game straight-up, which causes the odds to be different for each game (instead of -110 for everything).
For example, the Golden State money line above is listed at -340 odds. Using the same principles we just discussed, $340 needs to be bet in order to win $100. Again, this is just the bet to winnings ratio - $34 will win $10, $17 will win $5, $20 will win $5.88, etc. This may seem unfair at first but it is logical. The Warriors are by far the best team in the league and have a much better chance of winning the game. Therefore, sportsbooks even this out by placing the odds at a high price for bettors to win a little.
If you wanted to bet the underdog Orlando to win the game, their money line odds are +280. Whenever a '+' is listed for odds, the number after it is how much you will win for betting $100. So in this example, a $100 bet would win $280 if the Magic win the game. This definitely seems like a way better deal than betting $340 to win $100, but remember that Orlando has a small chance of beating the best team in the league. Some bettors may see value in this, but you should never blindly bet an underdog - or any side for that matter (just talk to the thousands that bet on Conor McGregor last August).
I hope this article helped explain what -110 means and how to better understand sports betting odds. If you have any unanswered questions about reading odds or sports betting in general, feel free to send me a message. You can also subscribe here to receive new blog posts like this and other updates to Fast Break Bets via email. Thanks for stopping by and good luck!
-Stephen
2022 College Football Playoff Championship Odds
All other schools listed at 250/1 odds or higher
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Updated Sun, Mar. 7, 4:55 PM ET - Odds Provided by BetMGM - Subject to Change
How to Read the College Football Playoff Future Odds
The 2021-22 College Football regular season is expected to kick off in August and over 100 schools will be looking for a chance to earn a trip to the 2022 College Football Playoff.
The Alabama Crimson Tide are the defending champions and they've been installed as 3/1 favorites (Bet $100 to win $300) to repeat according to BetMGM.
2022 College Football Playoff Contenders
- Alabama +300
- Clemson +350
- Ohio State +500
- Oklahoma +700
- Georgia +800
The 2022 College Football Playoff National Championship is currently scheduled to take place on Monday January 10, 2022 at Lucas Oil Stadium from Indianapolis, Indiana.
The College Football Playoff semifinals will take place a on Friday December 31, 2021 from the below venues:
- Cotton Bowl - Arlington, Texas
- Orange Bowl - Miami Gardens, Florida
Odds 150/1
2022 College Football Playoff Odds Comparison
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How to Bet on College Football Futures
American Football is the most popular game among bettors in the United States and a large portion of that interest comes from College Football. Analyzing the Future Odds and predicting which school will become the champion every season continues to receive attention at the betting counter. Check out our online sportsbook directory to find the best and most secure places to make college football bets, as well as exclusive sportsbook offers.
College Football Futures can be bet on throughout the 12-month calendar year but to any betting market, we always have peaks and valleys for wagers. After each season ends in early January, oddsmakers send out their opening Future Odds for the following season in the second or third week of the first month. The main market is for the NCAA Division 1 Football Bowl Subdivision or more widely known as the FBS. There are over 125 teams that are divided into 10 conferences, plus there is a group of independent schools that stand alone with no affiliation.
A handful of sportsbooks will set College Football Futures on every school that are eligible to win the championship but many keep the list at 50 teams, since some lower-tier teams just don’t have a competitive chance. The Future Odds market doesn’t receive as much attention in the spring but an increase of bets can often be placed in the summer when the student athletes report back for the fall semester. Coaching changes, suspensions, injuries and depth charts always affect the College Football Futures betting market.
2022 College Football National Championship Odds to Win
There are several good bets to win the NCAA football playoffs in 2022.
- Alabama +300
- Clemson +350
- Ohio State +500
- Oklahoma +700
- Georgia +800
College Football Championship Game Odds
The Future Odds on the College Football Championship Game receive plenty of attention, especially when the season begins. Unlike other popular American sports, College Football doesn’t have an automatic qualifying system for its postseason. At the end of the regular season, only four teams will have a chance to win the College Football Championship Game. The top four teams that are selected by a committee, subjectively, will meet in two semifinal matchups before the final.
The Future Odds on those four schools for the College Football Championship Game are available earlier in the year and as the regular season progresses, you’ll start to see the oddsmakers adjust their betting odds on who they believe will be playing in the championship. In the first or second week of the December, bettors will only have four schools to choose from and the Championship Game Odds don’t offer as much value compared to the initial opening numbers posted in January at the sportsbooks.
How do I bet on the College Football Championship Game?
- Where to Bet:
The Future Odds wager is very simple for the College Football Championship Game. Many bettors identify it as an “Odds to Win” bet or future wager. Like all other wagers, bettors must correctly select a team to win an event that takes place a later time – in this case the College Football Championship.
1500 Odds
The money wagered will be tied up until there is an outcome and bettors will receive fixed odds when they place the wager. For college football, the most valuable odds and big payout tickets are scooped up before the season begins when a school is quietly going unnoticed.
To figure out how you win when betting on the College Football Championship Game, it’s just simple math. You take the odds and multiply by the amount wagered.
Ex. Ohio State Buckeyes (3/1) to win the National Championship.
The Buckeyes are listed as an 3/1 betting choice to win the National Championship. If you wager $100 on Ohio State to win it all and they capture the championship, then you would win $300 (3 ÷ 1 x 100). You would collect $400, which includes your win and stake ($100) or initial amount that you used to bet on the Future Odds ticket.
Bettors preferring to use American Odds would see Ohio State listed at +300 on their Future Odds market while the Decimal version on the Buckeyes would be 4.00.