Sports Betting King Logo

Thursday, November 27, 2014



 
FRONT PAGE
ARCHIVES
BETTING TERMS
ODDS CONVERSION
NET WORTHS
PROMOTIONS
TWITTER
INTERNATIONAL
RSS FEED









Definition of Odds-on






Even money is a gambling term referring to a bet with even odds: the winning bettor stands to earn as much as the losing bettor stands to lose, minus the vig. In wider usage, even money refers to an even chance, which is different.

Odds-on, a term coined in the late 1800s, refers to odds that are less than even money. A sportsbook loses on a successful odds-on wager because the winner wins more than the loser loses, and the book covers the difference.

Definition of Odds-On - Sports Betting DictionaryOver time, odds-on came to refer to wagers that did not involve much risk or had a better than even chance to win. The common term odds-on favorite often refers to the horse or team that is most likely to win the race or match.

In the gambling world, there is a subtle distinction. An odds-on favorite is a horse or a team that is so favored by the betting public that the odds are less than even. In other words, the betting public is preventing balance of the wager.

In order to appreciate this, it is important to recognize that sportsbooks generate profit from the vigorish alone, and they attempt to minimize risk by balancing wagers. Las Vegas can take big losses on an odds-on winner.

Often, books will sell and buy wagers to other books when possible in order to reduce the risk.


football king - throwing a ball



TOP SPORTSBOOK PROMOS

Bet365100% BONUS
William Hill100% BONUS
Stan JamesFREE 10 Bet
Ladbrokes50 Free Bet
Bwin100% BONUS
SkybetFree £10 Bet
Paddy Power£50 Free Bet
Titanbet$//50 Free



RECENT ARTICLES

Seattle Seahawks and San Francisco 49ers To Slug It Out in NFC West Battle on Thanksgiving Day

Eagles and Cowboys Set To Square Off For NFC East Supremacy on Thanksgiving

New England Patriots Seven Point Favourites Over Detroit Lions on Sunday

English Premier League Action Returns on Saturday After Long Layoff

Broncos, Packers and Patriots All 5.00 To Win Super Bowl XLIX

Pittsburgh Steelers Big Road Favourites On Monday Night Football This Week

NBA Commissioner Adam Silver: Allow Gambling on Pro Games

Scotland vs Ireland Euro 2016 Qualifying Odds

Manny Pacquaio vs Chris Algieri Odds

Carolina Panthers vs Philadelphia Eagles Monday Night Football Odds


A babe is juggling a football in shorts

NET WORTH

Lionel Messi



BETTING DICTIONARY

Buying Points

Dutching

Void Bet

Scorecast Betting

Martingale System

Visiting Underdog

Relegation

Grand Salami

Opening Line

Taking the Points


The King is bouncing a basketball


PROMOS

Ladbrokes Promotion Code

World Cup 2014 Betting Guide

Titanbet Bonus Code

Bet365 Bonus Referrer Code

Paddy Power Bonus

Bwin Bonus

William Hill Promo Code

Stan James Free Bet



INTERNATIONAL

Bono Bwin

Промокод William Hill





Sports-King.com - Copyright 2014, All Rights Reserved