You have probably seen or even heard of betting charts, however, you may not know how to read them. You will find numerous forms of betting charts online, each one with a slightly different layout and meaning. Here is how you can read any regular betting chart to make sense of the numbers that you see.
Pay Close Attention To The Form
The first thing you should do before you start reading any betting chart is to examine the form closely. In particular, look for the following:
- Bet types – Make sure you know which bets are winning, putting, or laying.
- In Play / In Action – Find out what type of bets are currently being traded (i.e. in play).
- Exchange Rate – Always check the exchange rate before placing a bet. It may be volatile and you could lose profit if you do not take the rate into consideration when placing your bet.
The Money Line
If you examine a typical betting chart, you will immediately see that the money line is generally the first column or section you should be looking at. This is because the money line determines the direction that the game is headed. For example, if you are reading a sports betting chart and the money line is on the bottom of the screen in front of you, then you are likely to win money. The opposite is true if the money line is on top of the screen.
In case you are just learning how to read a betting chart, the money line can be a bit tricky to interpret. You must remember that a money line is a reflection of the overall odds of winning, placing, or gaining on a particular wager. To determine the outcome, simply follow these steps:
- Find the current odds of each team or player
- Add up all the odds
- Take the result, divide it by two
- You have your winners (if any)
- Treat the rest as losers (if any)
Pay close attention to the money line, as it can be a good indicator of whether or not you are making good money or losing great amounts. Furthermore, if the money line is on top of the screen and in front of you, then your chances of winning may increase due to better odds.
Check For Ties & Clearing The Spread
Ties and clearing the spread are additional columns or sections you should examine before you read any betting chart, specifically the In Play / In Action column. These sections tell you whether or not there are any wagers currently active (i.e. in play) and/or whether or not the spread has been settled (i.e. the betting lines have cleared).
For example, if you are examining a European football (soccer) betting chart and the In Play / In Action column is on the left side of the screen in front of you, you are looking at a live betting session. If the In Play / In Action column is on top of the screen and to the right of the money line, then the spread has not yet been cleared and there are active bets on the table.
In the case of a tie in the In Play / In Action column, the odds are simply “maintained” by the bookmakers and no winners or losers are declared. If you examine the odds in this instance, you will see that they are indeed the same as they were prior to placing the wagers. The same applies if the spread is tied as well. In both cases, the status of the wagers is unknown and you must wait until the spread is cleared before deciding whether or not to collect on your wagers.
Look For Trends & Explanations
One of the most important things you can do before you start reading any betting chart is to look for trends. Trends are lines, columns, or sections that consistently show a pattern and/or provide useful information about the data in the chart. For example, if you see a section of green across the board, you can assume that this represents a winning streak for a certain team or player. You can also discern the intensity of the winning streak by looking at other sections of the chart.
Another important thing you can do is to examine the explanations given for each trend or pattern. These explanations can provide a deeper insight into what is going on and will help you understand the significance of the trend or pattern. For example, the green column streaks may be caused by a run of favourable results for a particular team or player and the bookmakers are taking advantage of this by offering better odds.
Explanations can also provide useful information about what is driving a particular trend or pattern. In the example above, you can see that betting on Liverpool has increased sharply in the past two weeks, which can be explained by the team’s recent form and the betting lines being offered in their favour.
Use Common Sense
You should always use your common sense when reading any betting chart, but especially when examining trends and patterns. Common sense tells you that numbers do not always mean what they appear to mean and you must always keep this in mind when interpreting any chart or table. For example, if you see that a team or player is hot right now, this does not necessarily mean that they are going to continue to perform well. Common sense also tells you that if a team or player is consistently performing well, this does not necessarily mean they are going to keep on performing well.
Always bear in mind that when looking at betting charts, you are simply viewing a snapshot in time and that subsequent results may vary.