Guides

Short explanations of how betting prices work. More are added through the season.

How to read American odds

-110, +150, -250: what they mean and what they pay.

Implied probability and the vig

Odds as chances, the sportsbook's margin, and fair prices.

How point spreads work

Reading -6.5 and +6.5, pushes, and why spreads sit at -110.

Over/under totals explained

Betting the combined score, what moves a total, and pushes.

Parlay math

How payouts are calculated and why the margin adds up with every leg.