What is Odd or Even Goals Betting?
Odd or even goals betting is where you will be betting on if the amount of goals that a match produces is an even or odd number, simply by adding them together. Odd or even goals bets is something relatively new that bookmakers have started to offer to their customers and it is becoming increasingly popular among betters because of the good odds it provides. However it can be very difficult to predict as it only takes one goal to change your coupon from a winning to a losing, which is why most of the good betters stay away from options like these.
- Odds represent the likelihood of an outcome occurring. In sports betting, each team is assigned odds that represent the likelihood of them winning the game. When the odds for two teams are even, meaning 1 to 1, it means that each team is equally as likely to win the game.
- American odds are primarily used by sites that cater to US sports bettors, also know as “moneyline odds” they are the odds most often used for moneyline betting for American sports bettors. American odds are probably the easiest to understand as odds represent how much the bettor will have to wager to win $100.
- Odd or even goals betting is where you will be betting on if the amount of goals that a match produces is an even or odd number, simply by adding them together. Odd or even goals bets is something relatively new that bookmakers have started to offer to their customers and it is becoming increasingly popular among betters because of the good.
Beat the odds definition is - to succeed despite not having a good chance of succeeding. How to use beat the odds in a sentence.
The odds will usually be around 1.9 for both options, giving the bookie a small edge against betters who are interested in betting, but it is possible to beat the bookie if you do some statistical research before you place your bets, as it will show a pattern of the team's performance goal wise.
Almost all bookmakers offers Odd or Even goal betting, including the US-friendly sites Bookmaker and TwinSpires, as well as the rest-of-world bookies Bet365, 888 Sports, Paddy Power and William Hill.
Why Should I Bet on Odd or Even Goals?
You should bet on odd or even goals if you like to have two possibilities only when betting and odds that are very close to make you breakeven in the long run. Furthermore if you have a love for statistics, it is possible to make a good profit long term by analyzing these numbers in depth.
However if you do not prefer this kind of betting where you have to analyze a lot to make a profit, then this is not for you in any way. It takes a lot of preparation and work to make a profit on odd or even goals, as it will otherwise be a 50/50 bet where you only get 1.9 times your money back.
Can I Make a Profit Betting on Odd or Even Goals?
It is possible to make a profit if you choose to bet on odd or even goals. The way that most people do it is due to them getting lucky for a period of time, but if you want to remove the luck factor it is still possible. You will need to devote a decent amount of time to analyzing previous results, look at current form of the teams and their attackers and so on. By doing so, you will have an edge in the long run, which will give you a decent sized profit and return of investment.
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
Betting Odds Meaning In English
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
Betting Odds Meaning -108
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Sports Betting Odds Meaning
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.