Odds work by comparing the likelihood of two outcomes occurring. For example, if you bet $10 on Manchester United to win against Liverpool, then the bookmaker would give you a 1/6 chance of winning. That means there is a 6 out of 100 times that you will lose your stake.
If you bet $100 on Manchester United to beat Liverpool, then the bookie would offer you a 2/7 chance of winning. That’s because the chances of them losing are now 7 out of 100.
You can use this knowledge to your advantage. When placing a bet, you should always choose the best odds available.
Moneyline odds are used to compare the total amount wagered on each team. These odds are usually displayed as either +150 or –150. A positive figure (+150) represents a team who has been given a strong favourite. Conversely, a negative figure (-150) shows a team who is considered to be a long shot.
For example, let’s say that Arsenal are favourites to win their next game against Sunderland. Their current moneyline odds are +150. That means that if you wager $100 on Arsenal to win, you stand to gain $150 if they do indeed triumph over Sunderland. However, if you placed a bet on Arsenal to lose, you could only expect to get back $50.
In contrast, if Sunderland were the favourites, their moneyline odds would be –150. If you bet $100 on them to win, you would only stand to gain $50 if they did indeed defeat Arsenal. But if you bet $100 on Sunderland to lose, you would only get $50 back.
Draw no bet odds are similar to moneyline odds but instead focus on whether a draw occurs between two teams. As with moneylines, draw no bet odds are displayed as either +110 or –110.
A positive figure (+110) represents a team who is considered a slight favourite. Conversely, a figure of –110 shows a team who is regarded as being a heavy underdog.
Let’s take another example. Let’s say that Chelsea are the favourites to win their upcoming match against West Ham. Their current draw no bet odds are +110. That means that if someone was willing to lay $100 on Chelsea to draw, they would only need to win the match by 3 goals to claim their money back.
However, if West Ham were the favourites, their draw no bet odds would be –110. If someone wanted to lay $100 on West Ham to draw, they would need to score 4 goals to win.
This form of betting allows you to predict the exact number of goals scored during a match. There are three types of bets available: Over/Under, First Half/Second Half and Correct Score.
An over/under bet is simply a prediction of how many goals will be scored during a match. An under bet is the opposite.
For instance, if you decide to bet $10 on Manchester City to score fewer than 2 goals, then you would be backing them to lose. Similarly, if you chose to bet $10 on them to score more than 2 goals, then they would be expected to win.
Similarly, if you bet $20 on Manchester City to score exactly 2 goals, then you’d be backing them to win. And finally, if you bet $30 on them to score exactly 3 goals, then they would win.
The second half of a match consists of 20 minutes of play after halftime. During this period, the teams switch ends of pitch.
So, if you want to bet on the outcome of the second half, you should select a team that plays away from home. Teams playing at home are generally favoured to win.
In order to win the Premier League title, a team must finish in the top two positions in the table after all matches have finished. They then play against each other over the final weekend of the season to determine who wins the championship.
If you bet on Manchester City to win the Premier League outright with odds of 10/11, you would need them win all five remaining games of the season.
They would need to win their next four games, including a home game versus Everton, away at Newcastle, home versus Burnley, and away at Leicester.
Manchester City would also need to avoid losing any of those games.
If they did lose one of those games though, you would still get your original stake back. Browse available Premier League Futures odds with OddsTrader.