Last updated on March 22nd, 2023
Betting sites in New York with Best Odds.
As long as the online sports betting is allowed in a lot of states, including New York City, every day more sports betting operators are launching their platforms providing a great variety of options. But when it comes to sportsbooks, online or not, the most important thing is the betting odds. It may look a bit confusing because of the several types, but it is simple enough the way about how betting odds work. Football betting odds or even the super bowl betting odds are based on the same perception. So somebody must find hot to understand betting odds to start placing his wagers, create value bets and have big earnings!
Betting Odds
In any kind of betting the quintessence is the betting odds and as the variety of legit online sports betting operators in New York is getting bigger rapidly, there are plenty of options for the bettors to find the best ones available for their strategy, as they are changing depending on the teams’ or players’ form, even due to the weather conditions. Especially the live betting odds are even more important, as they are changing in real time, as the match processes. The numbers of the betting odds are showing who the favorite is and who the underdog according to the book operator. If the bettor knows how to read betting odds can cause enough surprises by winning value bets. Betting odds are appearing mostly in three types:
- American / Money Line Odds (+/-): The most common type of betting odds in NY, the favorites are marked with a minus (-) and the underdogs with a plus (+) which are referring on the amount of earning for every $100 placed as a wager. Supposing that the NFL betting odds for New York Giants are +450, in a bet of $100, the bettor wins $450.
- Fractional Odds (6/1): A type simple enough, as it means that the bettor earns $6 for every $1 in this bet. If for example the NBA betting odds for New York Knicks to win are 5/1 and the wager is $20, the earnings will be 20*5=$100.
- Decimal Odds (2, 50): Frequently used in Europe, is pretty simple how betting odds work, as the number refers on the amount of earnings for each $1. In football betting odds, if Paris Saint Germaine win has 1,90 as odd and the bet will be $10, 1,90*10=$19 profit.
The perception of how betting odds work is the same; just the format is changing, as also in other interactive games available on the online sportsbooks in New York, so this is what makes how betting odds work important for every potential bettor.
Sports Betting Odds
The sports betting odds can be found in a variety, depending on the sports market in which they are referring. Some of the most common are the below:
- NFL Betting: Points spreads money lines and under/ over totals are the most popular types for betting NFL. Betting odds NFL most often are with the favorites marked with a minus (-) and the underdogs with a plus (+). Most of the bettors prefer the betting odds for the spreads in NFL, like the game between the New York Giants and the Philadelphia Eagles with the NY Giants offered odds -110 and +7, 5 handicap. Placing a bet of $100 returns $190,91 with $90,91 as a total profit/
- NCAAF Betting: In college betting the odds are working like in the NFL, with the most being the feature bets, like the champions of the season. For example placing a wager of $10 for Texas to win the NCAAF will give a total profit of $400 in the end of the season.
- NBA Betting: As one of the most popular sports, the NBA betting odds have one of the biggest available varieties: U/O, points, assists, player U/O, feature bets and live betting are some of them. In the game between Boston Celtics and Washington Wizards the betting odds for Celtics to take the game with more than +5 points difference are +230 with a wager of $20 the return is $66, which means profit of $46.
- MLB Betting: When it comes to baseball the most popular bettors’ options are the moneylines and the feature bets. At this time New York Yankees are placed with betting odds approximately +300 to win the league, depending on the online sportsbook, which means that a bet of $10 will give a profit of $33, as the team has many possibilities to do it.
- NHL Betting: Hockey League is also amongst the top preferences of the bettors with the most popular choices to be Money Line, Puck Line and Goal Totals as they have the most tempting betting odds. With Puck Line being the hockey’s type of points spread, in the game Minnesota Wild against Florida Panthers, if the Panthers win with more 1,5 goals the betting odds are +194 a bet of $5 returns $14,70.
- UFC Betting: The betting odds in UFC, as in the most fighting sports, like the boxing betting odds, have to do mostly with the outcome technical decision, draw, KO/TKO or submission. In the fight between Saimon Oliveira and Daniel Marcos, the choice of Daniel Marcos by KO/TKO placing a wager of $5 combined with the +340 will return $22 with total profit of the bet 22-5= $17.
The catalogues of the available betting markets in the legit online sportsbooks in New York are huge, providing a plethora of options for the bettors. With the proper understanding of how do betting odds work, there will be plenty of attractive bets for placing your wagers and enjoy your earnings!
Types of Betting Odds
As the available for placing wagers sports markets are increasing, the types of betting odds offered by sports bookmakers are becoming more, giving the ability for creating several value bets and enjoy the earnings. Finding the proper strategy about how to read betting odds, is giving a whole new interest to every sport, as it’s not only the win that maters but the bettor’s focus is also turned to the total points or on how the victory came. Some of the most preferable types of betting odds amongst the online sportsbooks members are below:
- Money Line Betting odds: Probably the most simple and popular type of betting odds, as the bettor placing the wager on the team that believes to win. If the team of bettor’s choice win he claims the return of his bet, if the team loses, the bettor loses the bet.
- Points Spread: Another bettor’s favorite type of betting odds is the points spreads. It reminds the moneylines, as it has to do also with the win, but here must there is a points’ difference to be covered. If the Los Angeles Lakers are offered with +4,5 points against Toronto Raptors and the bettor place a wager for them to win, to cover the bet Lakers must win with more than 4,5 point for the bet to be covered.
- Totals Betting odds (Under / Over): Here the options are unlimited, as the betting odds are about almost everything in a match about whole team or a particular player: points, assists, shots, rebounds, touchdowns and a lot more. The bettor chooses an available category, for example in the game Jacksonville Jaguars versus Kansas City Chiefs Travis Kelce will score Over 2 touchdowns.
- Parlay Betting odds: Parlays have to do with combination of events, as the bettor chooses 4 events to receive bigger earnings, but if he loses one of the choices, the whole bet is lost. A bit more risky, a lot more profitable type of betting odds.
Except for the most common types, there are a lot more available to discover in the online sportsbooks, licensed and registered for New York, make your strategy and enjoy the winnings and the experience of online betting.