# How to Understand Football Betting Odds?

Most sports fans are aware of the immense popularity of football (also known as soccer) around the world. Many also know that betting on football is extremely popular, with billions of dollars being wagered on games each year. However, many people do not really understand the basics of betting on football or how to read odds when betting on a game. Hopefully, this article will help improve your knowledge on the topic and allow you to make more informed decisions when betting on sporting events!

## The Basics Of Football Betting

To begin with, let’s discuss the general concepts behind football betting. As in other sports, there are both legal and illegal ways to bet on football. The primary difference is that since it is not possible to enforce official results in football, all bets are settled by the bookmakers, who then pay out the winning bets according to the rules established by the bookmaker. In other words, bookmakers earn their profits by taking bets from the public. This is why it is essential to do research before betting on football. This also means that the house always wins, and there is rarely any opportunity to get even money back. Still, this is a popular game with many varieties of betting strategies and tactics.

## Odds And Odds Strategies

No article on understanding football betting odds would be complete without some mention of the subjectivists who invented probability. When it comes to translating betting odds into easily understood text, there are three basic approaches:

• Money Line Odds
• Odds Breaks

As the name implies, traditional odds translate the odds of winning into a traditional payout table. To continue with the example above, a win on a \$10 wager would produce a \$5 profit for the bookie, according to these odds. In general, the more favorable the bet, the less likely the bookmaker is to pay out. In other words, you are almost always better off taking a loss, rather than risking it on a winning bet.

Money Line odds give the amount wagered (plus or minus) on one team versus another. For example, if a bookie sets the line at “Alabama -2.5”, that means the bettor will earn a \$2.50 profit on a \$2.00 wager, assuming both teams score equally. Simply put, the teams are set as the even or the odd team to win the game, with the odd team earning a plus sign and the even team earning a minus sign. The idea is that if you are betting on the favorite, they will usually cover the spread. For example, in the NFL, the favorite will almost always win the game, so you would want to bet on them to earn the most profit. Still, due to the nature of the sport and the fact that the favorite often does not cover the spread, this kind of bet can be quite risky.