Odds In Sports Betting

Odds are a set of numbers which indicate the likelihood of an event taking place. In gambling terms, the odds aren’t a true representation of probability, but show the ratio between the amount bet and the payout based on the probability calculated by the bookmakers. Now that we have that out of the way, let’s get down to business. Check the latest betting offers and compare odds from 60+ major bookmakers; Follow current. Get the latest sports betting odds for NFL, MLB, NBA, NHL, NCAA football and NCAA basketball, including spread, money line and over/under. Sports Predictors. Predictem.com Check this site out for tons of free sports picks against the point spread and betting advice from their team of prognosticators! OddsShark.com Betting odds and total.

  1. Odds In Sports Betting
  2. Meaning Of Odds In Sports Betting
  3. How To Calculate Odds In Sports Betting

Super Bowl LV is just hours away and the Kansas City Chiefs and Tampa Bay Buccaneers are set to play on football’s biggest stage. Tom Brady will try to add to his NFL record book, while Patrick Mahomes and the Chiefs will look to become the first team to win back-to-back Super Bowls since Brady did it with the Patriots in 2003 and 2004.

See below for odds, picks, analysis and more for the 2021 Super Bowl. Plus, click here to get an EDGE with Rotoworld Premium for betting trends, live odds and more.

Super Bowl 2021 odds, favorite, spread, line

According to PointsBet, the Kansas City Chiefs are this year’s favorite over the Tampa Bay Buccaneers to win the coveted Lombardi Trophy. See more on the point spread, moneyline and points total below:

Odds In Sports Betting

  • How to bet on Super Bowl LV: Bet on Chiefs vs. Buccaneers with PointsBet
  • Point spread: Chiefs -3 (-115), Buccaneers +3 (-105)
  • Moneyline: Chiefs -171, Bucs +145
  • Over/under total: 56 points

RELATED: Bucs-Chiefs Super Bowl ‘Worst Result’ For Book

Super Bowl 2021 prop bets

  • Color of Gatorade poured on winning coach: Orange (+150), Red (+225), Yellow/Green (+400), Clear (+400)
  • Any player to throw a football into the cannon porthole during a celebration: +5000
  • Coin toss result: Heads (-103), Tails (-103)
  • Coin toss winner: Kansas City Chiefs (-103), Tampa Bay Buccaneers (-103)

Source: PointsBet

Betting

Super Bowl LV expert picks, predictions

  • Hayden Winks’ picks: The Super Bowl opening line started at Chiefs -3 with an over/under of 57.5 points, and I took the Chiefs and the under immediately after projecting a 30-24 final. The under is my favorite bet right now between the sides and total for a few reasons.
  • Mike Florio’s pick via ProFootballTalk: Buccaneers 30, Chiefs 27 (Read analysis here, plus see more picks and predictions)
  • Chris Simms’ pick: Chiefs to win over Buccaneers (Click here or watch the video above for Simms’ final score prediction)

RELATED:Get betting tools, DFS, season-long fantasy help and more here

Chiefs vs. Buccaneers Week 12 matchup (Rotoworld)

The Week 12 Final Score Is Misleading

  • The final score could’ve been closer to 38-24 if the Chiefs hadn’t coughed up a red zone fumble and settled for two red zone field goals, if the Chiefs kept their foot on the gas in the second half instead of chewing clock, or if Mike Evans hadn’t scored two garbage-time touchdowns in the fourth quarter. This game was a textbook example of how the final score doesn’t tell the full story.

Read more: Click here for a closer look at the Week 12 matchup between the Chiefs and Buccaneers

Super Bowl LV player projections from Hayden Winks (Rotoworld)

Sports

Kansas City Chiefs projections

  • Patrick Mahomes, Chiefs QB: Patrick Mahomes‘ projection looks crazy — nobody ever projects for 350 yards — but the Chiefs are very likely to throw 35-50 times against the Bucs. (Projection here)
  • Chiefs Wide Receivers: WR Tyreek Hill went so nuclear against the Bucs in Week 12 (12-263-3) that I spent the 30 minutes it took to clip all of his touches from that game (video). The Bucs switched up their coverages then, but Hill kept getting open. I don’t think the Bucs have a single corner capable of hanging with Hill when they go to Cover 3 or Cover 1 man. (Projection here)

RELATED: Keys to success for the Kansas City Chiefs

Determine true odds in sports betting

Tampa Bay Buccaneers projections

  • Tom Brady, Buccaneers QB:Tom Brady also projects well. The Bucs may run the ball early — Kansas City’s defense faced the 28th-highest neutral pass rate this season because the Chiefs are typically light in the box — but Tampa’s projected game script favors a pass-heavy game as three-point dogs. (Projection here)
  • Buccaneers Wide Receivers: Before the NFC Championship, Antonio Brown was reportedly “day-to-day”. It’s unknown if he’ll play in the Super Bowl, but I left him for now. Even at full health, Brown is not an every-down player. He lines up wide only in three-receiver sets and could even be pushed by Scotty Miller, who scored a long touchdown last game. (Projection here)

Read more: Click here for more projections for Running Backs and Wide Receivers, plus charts, data and more

RELATED SUPER BOWL POSTS

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Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

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Sports Betting Odds Explained

Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.

American Style Sports Betting Odds

Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:

American Odds

Betting
  • Matchup Odds
  • New England Patriots +120
  • Pittsburgh Steelers -140

The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.

Examples:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.


In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

Meaning Of Odds In Sports Betting

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Decimal Style Sports Betting Odds

Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:

Pdf

If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.

If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.

How To Calculate Odds In Sports Betting

Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.