Odds Comparison & Betting Calculator

Sportsbook Odds & Spreads Calculator

We know that there comes a time in every online gambler’s sports betting journey when they wonder about the betting odds and spreads they’re currently using. Are they really the best sportsbook odds and spreads out there? Could sportsbook odds and spreads comparison help you out?

This is where we come in. We can help with your betting odds/spreads comparison to ensure you’re always getting the best deal when it comes to the betting odds and spreads that you use every time you bet on fixtures. This isn’t just focused on one sport, either - football and hockey fans alike can benefit from betting sites odds and spreads calculator.

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Is sportsbook odds/spreads comparison worth the effort?

Resoundingly, we would have to say that the answer to this question is ‘yes’. We can’t emphasize enough how much you could be benefitting from odds and spreads comparison if you started yesterday, or how much you could benefit if you start today. Even if you’ve never placed a bet before in your life, we would recommend that you take a few minutes to read through our guide and take in all the information. Like our other top sportsbook reviews, it could be incredibly useful for you going into the future.

But how, and why? Well, that’s what we are here to explain today. We’ll take you through how you could be getting better deals on every bet you place if you take into account live betting odds/spreads, sportsbook odds/spreads, and how they change between operators. As soon as you become aware of the possibilities, beginners and professionals alike will be gasping - and wishing that they had taken advantage of essential tools such as betting sites odds and spreads calculators sooner.

What goes into the decisions by sportsbooks on betting odds and spreads?

You may be an experienced sports gambler who has been through this topic of betting odds and spreads many times before.  Sportsbook odds and spreads basketball fans are looking for are no different from sportsbook odds and spreads football fans are on the hunt for. We all want the best odds and spreads. However, beginners may be curious about where all of these numbers come from - of course, we all know they exist, as they allow us to place bets in the first place, but why do they turn out like they do and why do sportsbooks choose the odds and spreads that they do?

The key thing to understand here is that sportsbooks are looking to make money, just like you are looking to make a profit from your gambling. This does affect the odds and spreads that they display, as their own margin will always be involved in the numbers. Beyond this, there are a number of factors which can influence how an operator views a specific fixture and outcome, and many gamblers are mystified by how these decision making processes come about.

However, we can give you some insider knowledge which should shed a bit of light on the situation regarding betting odds and spreads comparison. To begin with, let’s answer that lingering question.

Why do different sportsbooks come up with different odds and spreads?

Luckily for us, we can explain this in very simple terms. The key word to look for here is ‘different’. If we take this into the context that each operator has a different brand, different website and, perhaps most importantly, different team working on the odds and spreads that they come up with, then everything starts to very quickly make a lot of sense. As you may well know, the secret to gambling is that there isn’t one; no one can exactly tell what the outcome of a fixture may be, although we can always take a good stab at guessing.

Sportsbooks are in the exact same position as us when it comes to this problem, and you have to remember that their teams are real people who will be getting tips and advice from other real people. We all have different takes on the world and some sportsbooks may have less faith in one sports team over another, or may have found some extra information about a certain event on a certain day. Others may be more generous with their profit margins, something which can depend heavily on the popularity and exposure of a certain sportsbook.

Odds and spreads formats - a thorough guide to the numbers

Now, even if you’re a complete beginner who has only had a couple of glances at sportsbook odds soccer lines before, you will have noticed that odds come in specific formats. You may not have noticed that it is often possible to switch these formats, or that the formats have different names. This is why we are going to explain them all, starting with a popular European option.

Decimal odds - the European preference

When you look at decimal odds, you’ll notice that there is one number (okay, potentially a number with different digits within it, but still one number) which is important to pay attention to. This number represents how much you will earn for every dollar that you bet. For this format, you should remember that the decimal number isn’t just your profit for the bet - it’s the complete payout, including your stake. This makes this format an easier and simpler one for many, and may be why it’s favored across Europe. But let’s put this into real terms with an example:

  • Team One: 2.35
  • Team Two: 5.00

So, Team One and Team Two are playing against each other. If you bet $100 on Team One to win, and they do, then you will get $235 back in total. However, if you bet $100 on Team Two to win, and they do, then you will get $500 back in total. From these examples, you’ll notice that it’s a fairly easy format to work with, which may entice some beginner gamblers who aren’t keen on difficult calculations. Speaking of those…

Fractional odds - the British/Irish preference

Some people find fractional odds a bit discouraging and complex, while others have grown up around them and will find them familiar and comforting. A fractional odd will have two numbers on either side of a forward slash, with the first number being how many dollars you’ll get back for the number on the other side of the forward slash, in dollars, that you bet. That might sound a little confusing, so let’s use an example again:

  • Team One: 5/1
  • Team Two: 7/2

So, you’re betting on the game between Team One and Team Two. For a first example, you bet $100 on Team One to win against Team Two, and they do. You’ll receive a profit of $500, not including your stake. For a second example, you bet $100 on Team Two to win against Team One, and they do. You’ll receive a profit of $350, once again not including your initial stake. Let’s move on to our final main example of live bet lines odds formats…

Moneyline odds - the American preference

If you didn’t like the look of either of those odds formats, then you’re in luck. The American system is completely different, and it makes use of these two symbols: the plus (+) and the minus (-). Once you get to grips with it, it can really be the preferable system if it works for your mind. Essentially, a number with a ‘-’ next to it denotes a favorite, while a number with a ‘+’ next to it denotes an underdog. For favorites, you need to stake the number in the odds to earn $100. For underdogs, you will win the amount in the odds for every $100 you bet. Let’s demystify this format with a quick example:

  • Team One: +600
  • Team Two: -250

If you bet on Team One to win the game with an initial stake of $100, then you’ll receive $600 plus your initial $100 stake. However, if you bet on Team Two to win then you’ll need an initial stake of $250 to win the stake back and then your profit of $100 on top of that.

How does expected value betting work?

You may have come across the terms ‘EV betting’ and ‘expected value betting’. Essentially, you could be earning and repeatedly improving your profits from sports betting each month by considering live bet lines when you’re betting on fixtures and making use of a sportsbook odds and spreads calculator to figure out how best to place your bets and exactly what you’ll be profiting from them.

EV betting turns casual betting on its head, allowing you to take control of your online gambling journey and develop it until you’re working on your sportsbook odds and spreads comparison like a professional.

Wait a minute - what about sportsbook loyalty?

It’s true that many operators will have specific loyalty programs which reward returning gamblers so that you can, usually, earn points for rewards and even rank up through the program to get better rewards. This sounds great, but it doesn’t make up for odds and spreads comparison, because looking at different live betting odds and spreads can vastly improve your online betting experience by giving you access to profits that you didn’t even think were possible previously. If we all settled for the betting odds and spreads we were given by our usual sportsbooks, then we’d never be able to reach the heights that EV betting unlocks with a sportsbook odds/spreads calculator and betting odds/spreads comparison.

Plus, there’s no reason why you can’t continue to benefit from VIP and loyalty programs with your favorite sportsbook while also taking advantage of offers, sportsbook promos, bonuses and, crucially, better odds and spreads from different sportsbooks when they come up.

So, should I only care about odds and spreads?

You may just want to press on and find the best betting lines NCAAB games are offering today. But slow down. While looking at the live betting odds/spreads and considering, as well, the live bet lines which come up during your research into betting odds and spreads can be very important and can make the difference when it comes to your profit, we would not suggest that you blindly follow the best odds and spreads to wherever they lead you. In fact, odds and spreads can be compounded by welcome bonuses, existing user bonuses and VIP clubs offered by sportsbook operators which can add a new perspective to your odds/spread comparison journey.

You want to be getting the best deals overall, not just the best deal in terms of the odds. Generally, some of the best operators will be offering the best live betting odds and spreads, but this isn’t always the case. It’s important to take a more holistic approach to your research to ensure that you’re really diving in deep and finding out what’s best for you, rather than simply which numbers are the highest. It can be a good market, but it’s not the be all and end all, so we would advise using some caution and common sense when it comes to comparing websites.

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Does comparison change when the odds and spreads are live?

Sportsbook odds and spreads hockey fans are looking for are as important as sportsbook odds and spreads baseball bettors are looking for. Sportsbooks are vying for your attention regardless of the sport at hand, and offering live odds and spreads is a way they can make you sit up. You may have run into some bet in-play features offered by various sportsbooks and operators, which can be an amazing tool for those who like to watch livestreams or TV footage of the sport and place their live betting odds and spreads bets accordingly. However, one issue with live bet lines is also their strongest point: they’re always changing and it can be difficult to work out whether they’re going to go in one direction or the other, making odds/spread comparison that little bit more complex.

You can still make sure that you’re getting the best deal while watching live betting odds and spreads, and having some prior knowledge and research done can help out with this. For many sports games, the live bet lines will begin to stabilize at points in the game when the action is slowing. An obvious contender is half time, but don’t count out times when penalties are being considered and players are being switched in and out.

Last words on sportsbook odds calculator for betting odds and spreads

Taking the step from casual gambling to EV betting can be a tricky one to navigate and an intimidating one to boot. But we would advise that anyone who is interested in maintaining and improving their monthly gambling profits should consider taking odds comparison into their own hands and using a betting sites odds calculator, even with live betting odds and spreads.

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Betting odds and spreads FAQ

💭 Why is it important to compare odds and spreads?

Some may consider comparing their live betting odds and spreads a waste of time, but we at PromoGuy.com would recommend always checking our guide on the betting sites odds calculator to find out whether comparing live bet lines could actually improve your sports betting - whether they are betting lines in NCAAF, today’s bettors want to see, or another sport.

🧮 How do I use a sportsbook odds calculator?

This is a tool that completely freaks out some beginner gamblers - how do you find a trustworthy one? How do you know that the live bet lines results are right? Let PromoGuy take that strain as we research sportsbook odds calculators for you and provide you with our findings.

🔢 Why are there different odds and spreads formats?

This question would require a very in-depth answer if we were to go into the history of live bet lines and the differences between regions, so we’ve condensed the information and added it to our guide to betting odds/spreads and sportsbook odds calculator over at PromoGuy.com.

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