The term dropping odds is an essential term for a soccer bettor to understand. Especially when the game is moving fast, and things are changing at the rate of knots. If you can hold your nerve and understand dropping odds, you will be in a better position to maximise your profits from betting. As a result, we decided to let our football bettors understand the power of understanding odds, why they drop, and what should be your strategy in the face of dropping odds.
Compare NFL odds & betting lines Feb 05 to find the best Football moneyline, spread, and Over/Under totals odds from online sportsbooks. You must know how to read soccer betting odds before making any bet. Soccer betting odds are the most important aspect of soccer betting. Most people think that picking the winner of a soccer match is more important. How football odds work - this is where the complicated part of football betting comes. When wagering on a football game, you will have three basic choices - line, point spread and total, all three commonly referred to as 'odds'. Let's look at all three types of football odds with an example.
Understanding Dropping Odds
Merely seeing a bookmaker dropping the odds can be a misleading phenomenon that an experienced bettor should understand at an instant. Moreover, the odds can drop naturally, too. For instance, there is nothing to worry about, if you see a gradual change in the odds during the football match. But if you see the odds dropping for an overwhelming majority of bookmakers, let’s say for more than 15%, then there is something serious going on around. This is the time when you should act accordingly and make a move.
How to Act During Dropping Odds
There are majorly two ways in which you can do an act during changing odds, namely, before the match and during play. Let’s examine the two scenarios individually and see how you can act in each case to maximise your benefits.
Pre-match Odds Dropping
In case you need to make an informed bet based on the changing odds before the match, then you need to have in-depth knowledge about the season, the teams, weather, and other factors that can have an impact on the outcome of the match. We have explained all these factors that affect the outcome of the match in another article of ours that you can find here. Subsequently, if you detailed information about the little things that have an impact on the outcome of the match, you can make full use of the dropping odds. These small details can range from the weather of the game, an injury, the referee, or any such circumstance. Another possibility is that one of the popular soccer tipsters have posted a tip via the football tipping platform like www.tipit.bet. A tipster with hundreds of followers can move a single market by multiple lines, as well. It is possible to keep an eye on dropping odds on our Schedule page. There is an extra sortable column where we show the number of drop in percentages. Listing the football games with the most significant odds drop is just one click away. Also, we have two pre-set notifications to detect the odds drop on the 1×2 market, called “PREGAME ODDS DROP BY 15-30%” and “PREGAME ODDS DROP BY 30%”. You will get an alert message on your phone or desktop browser if you have allowed the Google Push Notifications.
In-Play Match Odds Dropping
Making the most of Dropping Odds during the match is a more complex subject. This is because the scenario of the game is changing every second and you need to know all about the history and the history of the team to make an informed decision. But as the experts of football betting call it, “the rule of 15%” can be used to make an informed decision during real-time play. The 15% rule means that if the odds drop or gain more than 15% during a match, this means that something is going on, and you need to make a move right away.
Moreover, this will be the time when the experienced football trader will be putting their money in the bet. Although there is a substantial amount of risk involved in making a move when the odds change in that big a proportion, that is precisely the moment that can take you to new heights of winning. Just like on the Schedule page, we have several filters on the In-Play page to detect any odds drop quickly, like STARTING DROPPING ODDS (LAST); STARTING DROPPING ODDS (KICK-OFF), KICK-OFF DROPPING ODDS. To get the best effect possible, you can mix these filters with other ones like momentum change, underdog performing well, score even, etc.
Your Betting Strategy for 1×2 Dropping Odds
Devising a specific strategy to make money during the changing odds is a complicated thing to do. Nevertheless, you can step into these uncharted waters once you are well-aware of the ins and outs of the game.
Furthermore, it also depends on the sport you are betting on. For instance, in football betting, it’s hugely to pinpoint the moment to make a move. Having said this, it’s also not impossible to see the trend of teams, players, weather, tipping, and even referees over time and make informed decisions based on the dropping odds involving then.
If you have in-depth knowledge about the game, then only can you relate the changing odds and the exact reason behind the change. Subsequently, this accurate knowledge about the changing of odds can help you devise the best betting strategy on changing odds.
Conclusion
Summing up, it can be easily observed that changing odds can only be deciphered once you have in-depth knowledge about the game. Moreover, there are different ways to tackle the dropping odds pre-match and during the match. If a bettor understands these differences and the rate by which the odds drop, then he can easily take advantage of the situation and maximise his betting profits. And finally, don’t forget the rule of 15%. If during the game, the odds are dropping more than 15% then the forces of the betting market in play and you must closely observe the newly shaping trend in the light of the current match situation. All the given information (live scores, previous matches, upcoming games, standings, and odds ) is easily accessible on the BetBallers site or the app. Go to the Schedule to find out the games where 1×2 odds have dropped or use the in-play filters as well as the specific notifications to get notified instantly when the football 1×2 odds are dropping.
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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.
Poker cebu philippines. 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.
College Football Betting Odds Explained
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.
-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.”
“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
Football Bowl Odds Explained
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.
Mega moolah slots. 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. 20 free spins on sign up. 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):