What Does 3 5 Odds Mean

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What does -3 and +3 mean in NFL betting? A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager. A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. 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.). American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits. Examples: Below is an example of NFL betting odds taken from an online betting site. Odds are calculated according to the probability that something specific may or may not happen. In other words, let’s say the likelihood that Manchester United will win over Liverpool, or how likely that match will end in a certain amount of goals - let’s say 3-0 to United.

“Wait, why does this NFL team have a -235 next to its name? What’s with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!”

If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.

Betting odds how to read

But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …

Spreads

It would be really easy to bet on a game if you could put money on a heavy favorite to win.

That’s where point spreads come in. Let’s look at an example:

Philadelphia Eagles (-4.5)

New York Giants (+4.5)

In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.

Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.

If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.

Moneylines

Let’s take that same example above but use moneylines:

Philadelphia Eagles (-200)

New York Giants (+150)

The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.

The Giants are the underdogs. If they’re +150, that means you could bet $100 to win $150.

Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.

Odds

If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this:

New England Patriots — 3/1

Baltimore Ravens — 5/1

Kansas City Chiefs — 8/1

What Does 3/5 Odds Mean

If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you’d win $150 (plus your original wager) back.

Good luck!

Greasyjohn
I know that in craps if you have a point of 6 (correction) you can take $5 in free odds which wins 6. Point of 5 or 9 $4 on odds wins $6. And on a 4 or 10 your free odds pays double. So what changes in a 3,4,5 game? Isn't it the same?
SkittleCar1
You can take up to 3x odds on the 4-10 (2-1)
You can take up to 4x odds on the 5-9 (3-2)
You can take up to 5x odds on the 6-8 (6-5)
Basically a $5 pass bet, with max odds on each number would pay $30.
geoff

I know that in craps if you have a point of 5 you can take $5 in free odds which wins 6. Point of 5 or 9 $4 on odds wins $6. And on a 4 or 10 your free odds pays double. So what changes in a 3,4,5 game? Isn't it the same?


It's referring to how much you can bet. 3x 4x 5x your passline bet.
ThatDonGuy
What does 3 to 5 odds mean
Related question: does 3/4/5 odds work both ways - i.e. when you bet Don't, the maximum odds bet is always 6x your Don't Pass/Come bet?

What Does 3 4 5 Mean In Craps Odds

SkittleCar1
Yes, laying $30 on the 4-10 pays $15.
Laying $30 on the 5-9 pays $20.
Laying $30 on the 6-8 pays $25.
I think.....just quick in my head. ;-)
Greasyjohn

You can take up to 3x odds on the 4-10 (2-1)
You can take up to 4x odds on the 5-9 (3-2)
You can take up to 5x odds on the 6-8 (6-5)
Basically a $5 pass bet, with max odds on each number would pay $30.


So with a $5 bet you could only make a $15 odds bet on a point of 10? You couldn't bet free odds for less? And likewise you would have to bet $25 on free odds on a point of 6 (same $5 pass line bet)?
geoff

So with a $5 bet you could only make a $15 odds bet on a point of 10? You couldn't bet free odds for less?


You can bet anything you want between the minimum bet and the maximum.
TerribleTom
You can bet less. If you want to play 2X odds at a 3-4-5X table, they won't stop you.
The 3-4-5X is the MAX odds for the table.
Greasyjohn

You can bet less. If you want to play 2X odds at a 3-4-5X table, they won't stop you.
The 3-4-5X is the MAX odds for the table.

.
The MAX odds. I get it. Thanks everyone.

Is 9 1 Odds Good

SkittleCar1

50 1 Odds Payout

The odds bets are the best bet in the casino. It pays true odds, so there is ZERO house edge.