• Football Odds
• Spread Explained Football
• Football Betting Odds Explained
• Football Betting Odds Today
• College Football Odds Explained

Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to win $100. –150 means you must bet $150 to win $100.). Football odds are listed by a sportsbook for every single match played that day. The odds are a simple way to explain to the bettor how much they stand to win if their wager is successful. Football odds are listed by a sportsbook for every single match played that day. The odds are a simple way to explain to the bettor how much they stand to win if their wager is successful. The expected payout and odds are based on the calculated probability of who will win the match.

Football odds explained is the most played game in casinos in the USA. It is the most unpredictable sports gambling all over the world. To get to know about football betting odds. Football odds explained is the most played game in casinos in the USA. It is the most unpredictable sports gambling all over the world. To get to know about football betting odds are the most important factor of football betting. If you are unable to understand the football odds explained, then it certainly means loss of funds for the long term.

The big board at any Vegas sports book is a sight to behold. A slick cross between the New York Stock Exchange and a McDonald’s walk-up menu, the boards are updated moment to moment and bet to bet, giving a sports gambler all the data he needs to make a smart bet.

These boards are copied and pasted into the newspapers or shrunk to fit computer screens and smartphone apps but nothing measures up to the real thing. Hundreds of games, thousands of bets. All listed above you.

The big boards in Vegas tell us many things. The favorites. The underdogs. The payout. Where the money is. Knowing how to read Vegas Odds is important to every gambler not just to place a bet, obviously, but to place a smart bet. And that’s all good gamblers want to do. They want to make smart bets, win 60-70 percent of the time, and move on to the next bet.

But how do the big boards in Vegas work? What are they telling us? And what can we derive from them? It is just as important to know the odds you’re gambling with as it is to know the sport you’re gambling on. Making a smart bet is the goal. And smart gamblers use all the information available in order to do so.

For a brilliant summary for reading Vegas Odds 101, listen to our Sports and Vegas Odds Podcast episode where Ryan breaks it all down for you:

American Odds

Vegas odds are often referred to as “American Odds” because Americans always have to be different. We ignore the metric system. We call football, soccer. We drive on the wrong side of the road. Why would sports gambling be any different?

American odds are presented in the form of a $100 bet. They’ll indicate the amount you need to wager to win $100 or the amount you’ll win if you bet $100. So, for a favorite, the odds will begin with a minus (-) sign. This is the amount you need to bet in order to win $100.

On the other hand, the underdog’s odds will begin with a plus (+) sign. This is the amount you will receive if you were to bet $100. This does not mean you have to bet $100. Or mean that you can only bet as much as $100. See, Americans have to be different. Hang in there because we have some examples forthcoming.

These odds will come into play a few ways depending on the type of bet you place. The moneyline, the point spread, and the totals (over/under) are all bets available on the board. Let’s look at how to read them in Vegas with the odds.

The Moneyline

Simply put, a bet on the moneyline is an odds bet. It’s where “American odds” can easily be seen. With a moneyline bet you’re simply picking the winner and the payout is determined by the odds.

Obviously, a bet on the favorite is going to pay out less than a bet on the underdog. Let’s look at an example of a moneyline bet with an NBA game and how it would appear in Vegas. The Pacers/Cavs line.

• Indiana Pacers +350
• Cleveland Cavaliers -440

The Pacers are the underdog on the moneyline at +350. The Cavs are the favorites on the moneyline with -440. This means a $100 bet on the Pacers to win pays $350. And that you would have to wager $440 on the Cavs to win $100. This ratio holds true for a wager of any amount. A $10 bet on the Pacers pays $35 while a $10 bet on the Cavs pays $2.27. So on and so forth.

The Point Spread

The most common and popular of sports bets is the point spread. As simply as we can put it, the point spread is the number the oddsmakers use to handicap the favorites to even-up the final score of the game. This in turn sparks more interest, which leads to more bets, which brings in more money. Again, the Pacers/Cavs line.

• Indiana Pacers +8 -110
• Cleveland Cavaliers -8 -110

First the -8. As noted, the Cavs are the favorites so they are giving points (8) to even up the final score. In order for the Cavs to win the bet and cover the point spread, they’d have to win by nine or more. If the Pacers stay within seven points, the Cavs fail to cover the eight points and lose the bet. If the Cavs win by eight points, it’s a “push” or a tie and all bets are returned.

Now the (-110). This number is the odds a bet on the point spread will pay out. Just like on the moneyline, since the Cavs are the favorites, you’ll have to bet $110 to win $100. You’ll notice a favorite covering the spread pays out much better than a favorite on the moneyline. You’ll also notice the favorite and the underdog have the same payouts with the point spread. This is what makes playing the point spread so popular.

Some teams are evenly matched and there isn’t a point spread at all. This would be a “pick’em” or “pk” on the big board. And the odds on the moneyline would match as well. These are “EVEN” odds. When playing the point spread the payout number will vary. -110 is about industry standard but you’ll notice -105’s, -115’s, and even as high as -125’s on point spread bets at times. More on this later but it is important to note these variations.

Totals

The totals is a bet on the total number of points (or runs or goals) scored in the game. The oddsmakers will set the number and bets are placed on whether or not the total score is OVER or UNDER that number. The number appears on the big board next to the underdog like so:

• Indiana Pacers vs. Cleveland Cavaliers 212.5 -110

The number set for this game is 212.5. Since the .5 has eliminated the chance of a push, an OVER bet will win if the total score is 213 or higher. An UNDER bet pays if the total score is 212 or lower. And, again, the payout for a win is -110.

Totals bets are seen as something of a sucker’s bet. Despite your opinion on the matter, we have to admit they are a little strange. You are wagering on what the total score will be. Not picking a winner. Picking a score.

So, it’s different than a normal who’s-going-to-win-the-game-and-by
-how-much kind of bet. However, this number is providing the gambler more information about how the oddsmakers feel about the game and that is important when making a smart bet.

Placing a Wager

The other set of numbers you will see on the big board are the rotation numbers. These are numbers assigned to teams so the sports book can easily distinguish one for the other. They appear to the left of the teams in a game on the big board as such:

• 101 Indiana Pacers +350 212.5
• 102 Cleveland Cavaliers -440 -8(-110)

These numbers simply help the sports book as well as the gambler keep track of the bet. Listed on the big board are dozens of sports, hundreds of teams and thousands of bets that can be played. It’s a good idea to keep them as organized as possible. There are at least six professional teams in New York by itself after all. Like the horses’ numbers at the track, rotation numbers just cut down on the confusion when placing a bet.

“Give me New York -220 on the moneyline for $50.”
“Which New York, dumb-dumb…”
“Sorry, 303. I’m an idiot”
“Yes, you are.”

Don’t be that guy. This is the proper way to lay a bet in Vegas. Rotation Number, Type of Bet, Amount of Wager. Everyone appreciates a well placed bet and no one likes that guy…

Reading the Big Board

Now that we know how to read Vegas Odds, we need to learn what the Vegas odds mean… That is, what are these numbers telling us in the context of the game we want to wager on. We have studied the teams, we know the rosters. What can the lines tell us to make our bet a smart bet?

Once a game is scheduled and it’s odds are posted, the bets are going to start coming in. Now, it’s in the sports book’s best interest to keep the bets as even as possible. This is why oddsmakers give you a pay out at -110.

Understanding the Vig or Juice

That’s a $110 dollar bet to win $100. Take the favorite and give the points. You’re paid out at -110. Take the underdog and get the points. You’re paid out at -110. OVER or UNDER the same. -110. This is the industry standard and goes back to the mob-only days of oddsmaking.

Where does that $10 bucks go you ask? Well, that $10 bucks on a $100 bet is the “vig” or “juice.” It’s the price for laying a bet. A little bit extra the oddsmaker gets to keep for fronting the wager.

Keeping the bets as even as they can on either side insures their money. Collect from the losers and short change the winners. It’s a brilliant business model only the mob could come up with and only Vegas would still employ.

Now, most betting lines will just give it to you straight. The favorite pays this much, you get this many points, the total is this. What we are looking for are the variations. We can ascertain plenty of valuable intel from these variations.

Why is the payout on this game -115? And why is the payout on this game EVEN? Why is the moneyline different from yesterday? And why is the point spread moving up? The devil is in the details.

Watch As The Point Spreads Move

The most obvious variation is the movement of the point spread. As the bets start coming in, the oddsmakers track which team is receiving most of the betting action. The point spread will move because the oddsmakers will change the line to try to even up the sides. Remember, they want just as many people on one side of a bet as on the other.

More people are taking the Cavs giving the eight points? Raise the point spread to nine. All of a sudden, more bets will come in for the Pacers getting the nine points. Oddsmakers can do the same with the moneyline as well as the total line. And for the same reasons.

But what does this information tell us? The line has moved up even more and now the Cavs are -10 point favorites. This means, despite the oddsmakers best efforts, more wagers have been placed on the Cavs than on the Pacers.

Smart Bettors Know Where The Action Is

Knowing where the money is can help you make a smart bet. One theory is the The-House-Always-Wins-Rule. Basically, this theory suggests you bet against everyone else and with the house because the house always wins. If more people take the favorite, the points they are giving went up and you should take the underdog.

If more people are picking the underdog, the points they are receiving have gone down and you take the favorite. It makes sense in theory but maybe not in practice. Remember, the oddsmakers want the sides to be even.

They aren’t in the business of placing their own opposing bets. What is important is knowing how everyone else is betting and the knowledge that a large segment of the gambling population shares your opinion.

Or if you think the gambling population is foolish, well, you know what to do. However you feel, keep an eye on how the line moves. It may help you make a bet you wouldn’t have or avoid a bet you were going to make.

A Close Look at the Payouts

The payouts on the point spread can vary as well. That standard -110 will turn into -105’s or EVEN’s. Or go the other way to -115’s, -120’s, or -125’s. What is the reason for these variations? It’s a lot like moving the point spread.

The oddsmakers want to even up the bet. There’s only so many points a bookie is going to give. Offering a little more here or a little less there on the payout may be enough to influence the betting action. However, you can tell where the oddsmakers are hedging with these numbers.

If the payout gets better than -110, the oddsmakers have the sides even up, love the point spread and want you to bet it and lose. If the payout gets worse than -110, the oddsmakers know they have a bad number and want to cut their losses.

Vegas Wants You To Gamble – Be Smart

Making smart bets is the name of the game. The only way to make smart bets is to gather as much information as possible and master how to read Vegas Odds. Get to know every bet as well as you know every team. Get to know all the odds as well as you know every player.

Otherwise, you’re just playing the lotto. Remember, Vegas wants you to gamble. It’s going to give you all the information it can in order to gamble. It’s up to you to use it.

Test your knowledge on some small starter bets. We’d recommend any of the following for players outside Las Vegas but there are plenty of good options for US players (just make sure it’s not illegal in your state):

COLLEGE FOOTBALL POINT SPREADS EXPLAINED:

While the NFL is the most wagered upon sport in North America, college football is the most exciting brand of football you can watch on TV. The passion these kids play with is second to none and the century old rivalries amongst some of college's elite programs makes that one game a season sometime mean so much more than a national title. Since Michigan is generally out of the CFP discussion by November, there game against Ohio State is the be all and end all of their season. Michigan wants to beat Ohio State so badly, that some of the fan base would be considered there season a success if that's the only marquee win on the schedule.

If you don't know some of the history of college football, I suggest looking into it. If you are like everyone else who reads this piece and want to understand how to bet on the basic college football options, you can keep reading. If you are a little more seasoned, you can skip down to the advanced wagering options by clicking here. If you want to know how to lay a few bets down on the futures market, I suggest you click here.

Betting on the Money Line in College Football

As a concept, this is the simplest wager you can make on any game in any sport. The money line betting option allows you to place a bet on the team you think is simply going to win the game. In college, this bet includes overtime. Unlike the NFL, college football games cannot end in a tie due to their overtime format.

Example:

Alabama Crimson Tide: -450 ML
Kentucky: Wildcats +300 ML

The money line betting odds correlate to the listed point spread. In this example, Alabama are the favorites and you must wager $450 dollars to turn a profit of $100. If you are a homer or love betting on the underdog, the Wildcats will return you $300 for every $100 you wager on them if they pull off the upset.

Betting on the Point Spread

Regardless of if I am talking about the NFL, CFL, NCAA, Arena League or upcoming XFL, the point spread is the most popular wagering option for bettors who love to test football betting skills. The point spread is an indication of which team is the favorite and underdog heading into their matchup.

A negative betting line such as -7.5 indicates that the favorite team is expected to not only win the game outright, but win by eight or more points. On the flip side, positive betting lines such as +7.5 indicate a team's underdog status. Not only is the underdog expected to lose, but they are expected to lose by at least eight points.

When looking over betting options for the college football, you will come across lines that look like the following:

Alabama Crimson Tide -7.5 (-110)
Kentucky Wildcats: +7.5 (-110)

Depending on which side you select, your team must 'cover the spread' in order for your wager to be graded a winner.

If you choose to take Kentucky +7.5, you will be a winner if either of these two scenarios play out. The first being Kentucky wins the game outright by any score. The second being Kentucky loses by seven or fewer points, thus 'covering' the +7.5-spread.

If you decided to wager on Alabama as -7.5-point favorites, they must win by eight or more points in order for wager to be graded as a winner.

One thing to keep in mind when betting on the point spread is that the point spread moves up or down depending on how much action a certain side is receiving. If you are able to lock in your bet at -7.5 and the line goes down to -5.5, your ticket would only be a winner if your team won by eight or more points. If they won six or seven, they would have beat the closing spread of -5.5, but your odds are locked in from the time your ticket is printed or you click place bet.

Betting Game Totals

Despite being classified as the same sport, NFL and college football totals are apples and oranges. In college, it's easy to spot the teams that play absolutely zero defense. The scores from their games are typically in the 70's/80's on a consistent basis. In the NFL, there were only a handful of games that games that reached those totals. College football is more receptive to the spread offense, which is why sportsbooks have no choice but to inflate totals to try and cover their own butts.

Let's look at an example of a game total:

Texas Tech Red Raiders/Oklahoma Sooners – 'Over' 78.5 -110, 'Under' 78.5 -110

If you bet the 'over' 78.5, there must be a total of 79 points or more scored in the game in order for you to be a winner. If there are 78 or fewer points scored, then those who bet on the 'under' will cash their tickets.

If totals are whole numbers such as 78 or 80 and the total happens to land exactly on the number, your bet, regardless whether it's an 'over' or 'under' bet, will be graded as a push and your money will be returned to you.

Football Odds

Advanced College Football Wagering Options

Advanced wagering options in college football are nearly identical to those of the NFL. The only thing you will not find in a sportsbook in relation to college football is the 'First Touchdown Scorer or Anytime Touchdown Scorer' market. Below are some of the more popular wagering options.

Team totals

This works almost exactly like the game total, but revolves around one team instead of both. With the 'team total' wagering option, you are essentially betting on whether you think Team X will score more or less than the line given out by the sportsbooks.

Example:

Texas Tech Team Total: 'Over' 35.5 -110, 'Under' 35.5 -110.

In this case you have two options. You can bet them to score 36 or more points or 35 or fewer. The decision is ultimately up to you. This bet also includes overtime, unless otherwise stated in the betting rules provided by your sportsbook of choice.

First Half Spread

The 'first half spread' betting option is a trickier form of betting the full-game point spread. This option takes into account the score at half time in order to determine a winner. The first half spread is usually half of what the full game spread is.

Example:

Alabama -3.5 1H
Kentucky +3.5 1H

Depending on what side you are on, the score going into half time is what is used to determine a winner. If the score is 31-21 in favor of Alabama, bettors holding an Alabama -3.5 1H ticket are winners since they were able to cover the -3.5- first-half spread.

As I mentioned above, the first half point spread is typically half of what the full game line is.

Player Props

There are only a handful of sportsbooks that offer up player props in college football, but they are nowhere near as extensive as the NFL player props. Typically, there will be props offered on one or two superstars per team and the lines will typically be inflated depending on who is playing.

Examples:

Jalen Hurts: 'Over' 18.5 completions -110, 'Under' 18.5 completions -110
Nick Chubb: 'Over' 74.5 rushing yards -110, 'Under' 74.5 rushing yards -110
Calvin Ridley: 'Over' 4.5 receptions -110, 'Under' 4.5 receptions -110

For each of these three player prop options, each player must go 'over' or 'under' the posted line. If you think Hurts will complete at least 19 passes, you would take the 'over'. If you think Ridley will be held to four or fewer catches, you would bet the 'under'.

A futures bet is a wager placed in the time leading up to the start of the event on a team or player that you believe is going to win their respective competition. Heading into the 2018/19 College Football season, the CFP futures odds look like this:

Spread Explained Football

2019 College Football Champions: Alabama +200, Clemson +700, Georgia +700, Ohio State +700, Michigan +1400, Penn State +1600, Oklahoma +2500, Wisconsin +2500, Florida State +2800, etc.

Football Betting Odds Explained

In order for you to successfully cash your ticket, you must correctly choose the team that will hoist the CFP trophy at the conclusion of next year's College Football Playoffs.

Team Win Totals

This is another popular type of futures bet amongst pro handicappers. The concept is straight forward. Every sportsbook will put out a 'win total' for every team long before the season begins. Handicappers must simply decide whether they believe that team will exceed the posted win total or fall short of it.

Example:

Alabama Crimson Tide Win Total: 'Over' 11.5 wins -110, 'Under' 11.5 wins -110

If Alabama wins at least 12 games, the 'over' would cash. If they win 11 or fewer, the 'under' would cash.

Football Betting Odds Today

Here is a list of our other betting lines and odds pages.
NFL Odds NBA Odds College Basketball Odds MLB Odds NHL Odds Soccer Odds WNBA Odds CFL Odds Boxing Odds Golf Odds

College Football Odds Explained

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