As college football fans, we all want our favorite teams to succeed. But what if you could take the traditional fan-based approach one step further and get an edge on your bets? Knowing how the odds work can be a huge help in determining which games and teams are most likely to bring you a win. This guide will provide all the information you need to become an expert on college football betting odds and find success in your wagers.
What Are College Football Betting Odds?
College football betting odds are numerical figures used to determine how much money a player stands to gain or lose from any given bet. The number is determined by a bookmaker or another gambling organization based on the team’s likelihood of winning the game. Usually, betting odds come in two forms: fractional and decimal.
What Is Fractional Betting Odds?
Fractional betting odds are very popular in college football and other sports betting markets due to their simplicity. The number is expressed as two numbers separated by a slash (for example, 3/2), with the higher number representing the amount of money that could be won if you wagered $1. So in this case, if you bet $1 and your team wins, you would get back $3 ($2 winnings plus the initial stake).
What Is Decimal Betting Odds?
Decimal betting odds are also very popular, although they are slightly more complex to understand than fractional odds. The number is expressed as a single figure (for example, 2.50), with the figure representing the amount of money that could be won if you wagered $1. So in this case, if you bet $1 and your team wins, you would get back $2.50 ($1.50 winnings plus the initial stake).
How Do Bookmakers Determine College Football Odds?
Bookmakers’ odds are determined based on their analysis of the likelihood of a certain outcome in any given game or match. They take into consideration factors such as team form, injuries, weather, and home advantage. Bookmakers’ odds are then adjusted if they believe the public will back a certain outcome. This is known as “odds shopping” or “price boosting”.
How to Calculate College Football Betting Odds
Calculating college football betting odds can be tricky, especially for novice bettors. The first step is to understand the two types of betting odds – fractional and decimal. Once you know which type of betting odds you are looking at, it’s much easier to calculate the potential winnings (or losses) from any given bet.
To calculate fractional betting odds, you simply multiply your stake by the first number in the fraction (the higher number) and divide this total by the second number in the fraction (the lower number).
For example, a bet of $40 at fractional odds of 3/2 would calculate as follows:
($40 * 3) / 2 = $60.
This means that if you won, you would receive a total of $60 ($20 winnings plus the initial stake of $40).
To calculate decimal betting odds, you simply multiply your stake by the figure in the decimal (for example, 2.50) and this will give you the total return from a winning bet.
For example, a bet of $20 at decimal odds of 2.50 would calculate as follows:
$20 * 2.50 = $50.
This means that if you won, you would receive a total of $50 ($30 winnings plus the initial stake of $20).
It is important to remember, however, that betting odds can change over time and bookmakers often adjust their numbers to attract bets for one side or the other.
College Football Betting Odds
What Are Moneyline Bets?
Moneyline bets are a common type of wager in college football, and they involve betting directly on the outcome of an event without taking into account any handicaps or point spreads. The bettor simply chooses which team they believe will win – regardless of the score – and receives a payout if they win. These bets are usually expressed as either a positive (+) or negative (-) number, depending on which team is favored to win.
For example, if Team A is favored to win over Team B and the moneyline odds are -145 for Team A and +125 for Team B, this means that a bet of $145 would need to be placed on Team A to win $100, while a bet of $100 would need to be placed on Team B to win $125.
What Are Point Spread Bets?
Point spread bets are another common type of wager and they involve the handicapping of one team over the other by assigning points or goals that the favored team must win for the bettor to be successful.
For example, if Team A is favored over Team B and has a point spread of -7.5, this means that Team A must win by 8 or more points for the bettor to receive a payout. Conversely, if Team B is given +7.5, Team B can still win the game or lose by no more than 7 points for the bettor to receive a payout.
What Are Total Bets?
Total bets are a combination of point spread and moneyline bets and they involve wagering on whether the combined score of both teams will be over or under a certain amount. For example, if the total for a certain game is set at 48.5 points, the bettor can wager on whether they believe the combined score of both teams will be over or under 48.5 points.
When it comes to college football betting odds, knowledge is power. Before you place a bet, familiarize yourself with the different types of betting odds and their associated calculations. Pay attention to how bookmakers adjust their prices, and always do your research before placing any wagers. Contact VN88 to get started on your college football betting journey and make sure you know how to get a winning edge.