There are two important ways to interpret probability. One has to be Point Spreads and the other money lines. Although the bets are almost the same in both sports bets, since you are betting on who is going to win, point spreads differ because they set a number of points by which the winner must have an advantage over the losing team.

For example, the Patriots play the Raiders. You are betting on the Raiders who have -6 points when the Jets have +6 points as shown by the odds set by sportsbooks. Now the Raiders need to beat the Jets with more than 6 points for you to win your bet. If the final result is tied, there is no action and nothing is won or lost. If the Raiders win by less than 6 points, you lose your bet.

Sports betting odds like Money Lines are even much simpler to understand. Teams don’t need to win by a number of points, they just need to win the game. For example, offshore sports betting shows the Patriots at -110 against the Colts at +110. If you bet $110 on the Patriots and they win, you get $100. If you bet $100 on the Colts and they win, you get $110. Therefore, these sports betting odds are basically balanced to persuade punters to also bet on the loser and reach a level between both sides of the bets.

Sportsbook odds are made as simple as possible so bettors can quickly analyze their odds. My suggestion is that you try point spreads on your next bet, you will notice how easy it is to understand while getting the instinct is a matter of experience.