How Are Bets Calculated?

A moneyline wager is plainly a wager on which team you think will win the game. Regardless of the score, margin of victory or total points scored, it doesn't matter. It's a straight bet on who you think will win the game.

Calculating the sports betting odds

For sportsbooks, a fair return across both sides of a wager is the primary goal when calculating odds.

As an illustration, the sportsbook may adjust its line if the Netherlands covers a -10 point spread as a favorite against Senegal and receive 90 percent of the wagers placed on the world cup 2022 free livestream game. As a result, the sportsbook will keep raising the odds until the opposing team begins to take bets.

While it isn't always possible to get the same amount of money. Always, the sportsbook's goal is to come out on top no matter what happens in the final outcome.

Odds are best understood by studying their definitions. In sports betting, odds and lines are used to indicate the likelihood of a result and the amount of money that can be won, respectively. Moneyline, spread, and total bet odds can all be displayed in a variety of ways.

These formats include American odds, British/Fractional odds, and European/Decimal odds, which are all based on decimals. In spite of their appearance, these odds are the same.

How much profit do I get for betting $100 on odds?

In order to answer this, you first need to know whether the side you are picking is the favorite or the underdog. If the side shows a plus symbol, it refers to the underdog. Otherwise, the side that shows a minus symbol is the favorite. This format is called American odds and is one of the most common formats you’ll find online.

In our example earlier, if we were to bet $100 on the Netherlands with a -160 odds against Senegal in the Group A match of the World Cup, we would get a total payout of $162.50 with a profit of $62.50 if we win the bet.

If we were to bet $100 on Senegal with a +370, we will get a total payout of $470 with a profit of $370 if we win the bet.

What happens if you wager $100 on a moneyline?

The moneyline is among the most conventional and straight-up bets you’ll find across many World Cup bookies. In this type of betting, all you got to do is bet on the winning side. If you bet $100 on a side with +100, you’ll get a payout of $200 which includes your initial $100 bet. That means, your profit or return is $100 for this bet.

To get calculations faster, there are plenty of odds calculators available online for free. These calculators can also convert the odds into different formats including the Implied Odds. They also show the profit and the overall payout based on a set amount.

What does plus 5000 odds mean?

If you see a side with a plus symbol, it indicates that the team is the underdog. The following number represents the team's position as a game underdog. The greater the number is, the more likely it is that the team will suffer a setback.

Additionally, the number also indicates how much money would win in comparison to every $100 you wager. If a side shows +5000 and you bet on it with a $100 wager, your potential overall payout would be $5100. This includes your initial $100 bet and your $5000 profit or return.

In the upcoming 2022 World Cup, Croatia, Uruguay, Switzerland, and Senegal are some of the teams with +5000 and above odds.