1. 2021 Super Bowl Odds Vegas Super Bowl LV Odds, Current Lines & Prop Bets. Super Bowl 55 and the 2020/21 season will be one that we will not forget any time soon, with the pandemic leaving NFL stadiums empty across the nation, the re-seducing of games weekly and a impact to each and every one of us, and that is before the final chapter plays out on February 7th when the raining champion Patrick.
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1200 Beddington Park

Derek Carr: +1200; Mariota being the favorite is certainly interesting. He was the Las Vegas Raiders backup last season but started the majority of the games during his five seasons with the Tennessee Titans from 2015 through 2019. Mariota is an accurate passer and also has the ability to make plays with his legs.

The sports betting line may show -110, its usually -110, -105 or -115 as those are very common. So if your bet was -110 and you bet a $100, and your team wins by 8, you dont win a $100. You were at -110, which in sports betting means you win a $100 if you bet $110, so your $100 bet. You place a $100 bet, which will yield $240 in winnings if successful! Good news for the Buffalo Bills and you! They've won the game! You receive $240 in winnings and you get your original bet of $100 back, equaling $340 in total. So that was the basics to sports betting.

The legal sports betting world is changing. Quickly.

New states are opening their arms to the world of legal sports betting and are opening opportunities for you to take part in making legal sports bets on your favorite teams in casinos, race tracks and through online betting.

Part of our goal at SportsbookWire is to educate the new and/or casual sports bettor on the typical terms around legal sports betting and the various nuances that go into making a sports bet or wager.

In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.

Here are some negative money line examples:

The New England Patriots are -500 against the Buffalo Bills. If you’re betting the Patriots, you would need to wager $500 in order to win $100 if your bet is correct with the Patriots winning.The New York Yankees are -200 to beat the New York Mets. If you are betting on the Yankees, you need to wager $200 to win $100 if your bet is correct with the Yankees winning.The Tampa Bay Lightning are -400 to beat the Detroit Red Wings. If you’re betting on the Lightning to win, you need to wager $400 to win $100 if your bet is correct with the Lightning winning.

It’s actually pretty easy and we’re sure you get the point here.

Fractional odds of 1/2 and decimal odds of 1.5 are also equivalent in this scenario.

A negative money line is also considered as the favorite – or chalk pick – by the oddsmakers.

We’ll get into that more in other pieces, but the heavier the team, player, situation or bet in general is favored to succeed, the higher the negative money line.

For example…

In the first round of the 2018-19 NBA Playoffs, the Golden State Warriors money line was -20000 to beat the Los Angeles Clippers. That means you would need to have wagered $20,000 to win $100 if the Clippers won.Kind of ridiculous, right? That’s how heavy the Warriors were favored over the Clippers … the sports books don’t want you making that bet, because it was expected to be an easy Warriors win.

If you’re looking for more educational information on sports betting and terms around such, be sure to check out our How to Bet on Sports 101 section for a variety of betting definitions, betting terms and sports betting strategies to help you build your bank account.

A future bet is a wager that is placed on upcoming event that will take place in the coming weeks or months. The best online bookmakers sites will update these odds based on the results of the current matches and results of the sport. Future bets do not have traditional point spreads as gamblers are in most cases betting are on a black and white result. The most common types of future bets are often who will win the titles of various sporting leagues. Future bets on the NFL’s SuperBowl and the English Premier League crown often attract large wagers from gamblers across the world.

Future bets are not only for league championships, sports bettors can wager on the amount of games each team will win, division and conference titles, and even which teams may face relegation. Future bets are available for just about every sport in the world, so in most cases it won’t be hard to find an online bookmaker that has your sport available.

Examples Of Future Betting

In early September, a St. Louis man walked up to the MGM Grand Bookmaker and bet on his St. Louis Cardinals to make it to the World Series. The Cardinals mired in a slump, had lost their last game and their playoffs prospects looked bleak, with only 15 games left they were five games back of a playoff spot. Vegas oddsmakers didn’t give the Cardinals much hope either, as the man got 501.00 on a $250 bet, a $125,000 payout. That same day, he also bet $250 on Cardinals to win the World Series at 1000.00 to win $250,000. In total, the man risked $500 for a potential payout of $375,250.

1200 Bennington St East Boston

The Cardinals went on a run of a lifetime while the wild-card leading Atlanta Braves kept losing. The Cardinals had made the playoffs and in five games they defeated the feared Philadelphia Phillies and then headed to Milwaukee for the league championship. In a hard fought series against the Brewers, the Cardinals won in six games. The Cardinals had made it to the World Series! The man won his original bet of $250 for $125,000 and in seven hard fought games, the St. Louis Cardinals won the World Series. The still unidentified man had won just over $375,000 on a $500 bet.

A true feel good story for our mystery man who just had a hunch his hometown team wasn’t quite finished yet. Most of us will never get this lucky, but there are definitely times when bettors can find value in future bet odds.

Calculating Juice in Future Betting

Let’s look at how to calculate future betting juice. In this example we’ll look at odds future odds to win the NFL’s AFC West Division.

Oakland Raiders 1.45
Denver Broncos 2.90
San Diego Chargers 13.00
Kansas City Chiefs 51.00

Calculating juice boils down to how often a team must win on average to break even at the current future odds offered by the bookmaker. The math to calculate this is risk divided by return. Let’s calculate the odds for the San Diego Chargers to win the division, a $100 wager at 13.00. The bettor is risking $100 to win $1200, and since the original $100 wager is added back into the stake the potential return on this bet would be $1300. The math to calculate breakeven percentage would then be 100/1300= 0.0769 or 7.69%. To avoid doing the math on these, you can use our “Moneyline Converter” as a short cut.

1000 Betting Odds

When the math is finished, here are the AFC’s West’s break even percentages.

1200 Bennington Street East Boston

Oakland Raiders 1.45 = 68.75%
Denver Broncos 2.90 = 34.48%
San Diego Chargers 13.00 = 7.69%
Kansas City Chiefs 51.00 = 1.96%

These numbers added up will total 112.88%. Obviously, these numbers in actuality cannot be more than 100%. The extra percentage is because juice is still included in the bookmaker’s line. To figure out the no vig win probability and remove the juice, we’ll divide each break even % by 113%.

Oakland Raiders 68.75%/112.88% = 60.905%
Denver Broncos 34.48%/112.88%= 30.545%
San Diego Chargers 7.69%/112.88% = 6.812%
Kansas City Chiefs 1.96%/112.88% = 1.736%

Adding these percentages with the juice removed, we see the true odds equal 100%. The new figures are called the team’s no-vig win probabilities. These are true odds if vig was distributed equally according to the odds at this betting market. We can now change the odds into American odds format, using our moneyline converter.

Oakland Raiders 1.65
Denver Broncos 3.27
San Diego Chargers 14.68
Kansas City Chiefs 57.60

These prices represent each team’s no-vig moneyline. If the betting market we were using was efficient, these moneylines represent each team’s fair price. If we line shop and find a site that beats this price, this would be a +EV or positive expectation bet. Read more about vig, overround and juice here.

Future Betting Tips

Often times when a bettor wagers on a future bet it is the beginning of a season for that particular sport. A multitude of things can happen during a season to affect the team, such as a key injury, the trading of a key player or a coaching change. Bettors will need to weigh the strength of their team versus the price put on them by the oddsmakers.

Future odds will update frequently throughout the season, which can provide some interesting opportunities for bettors. A large favorite who is favored to win their division or title before the season starts may start off slowly, losing its first few games. The odds for this team will decrease becoming more favorable. If you feel that this team is still valuable and may turn around their season, this may be a great opportunity to place a bet.

Teams will have ups and downs throughout the season, try to recognize the contenders from the pretenders and look for value in the bookmakers odds. Each year in leagues around the world surprise teams come out of nowhere, the less popular or upstart teams can be some of the most profitable because of their lucrative future odds.

Conclusion

Future betting in the right spots can definitely be a profitable tool for sports bettors. However, it is important to consider that a bookmaker’s edge on a future bet is much higher than that of a straight bet. A straight wager gives a bookmaker a 4.55% edge while a future bet can have a house edge of 20%, making future betting much more difficult to beat long term. A future wager in most cases, ties up your bankroll for weeks and possibly months, so future wagers may not be best for those with limited rolls or bettors who want daily action. With that said, most profitable bettors do make their fair share of future bets, the key here is line shopping at multiple sites and calculating your juice to look for value.

1200 Beddington

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