Last week, we went over how to read sports betting odds and covered the most common items you'll see on a betting board inside a sportsbook (or on your screen with your online sportsbook). These included point spreads and totals. When betting these choices, you will almost always see -110 listed with them. If you don't know what that means, don't worry - we're covering that today and it's not nearly as complicated as it looks. Whether you're brand new to betting, have placed some bets but have disregarded the -110, or live outside the United States and are unfamiliar with American odds, you'll be an expert in no time after reading.
Totalizators. In totalizators (sometimes called flexible-rate bets) the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. This is similar to parimutuel wagering in horse racing and dog racing.
Futures bets are exactly what they sound like, a wager placed on an event that will occur in the future. As you can imagine, the most popular futures bet in the NFL is who will win the Superbowl. In fact, the Team Odds to win it all are released within a week after the previous year’s championship. It is not uncommon to see last year’s worse team to be 100/1 dogs or worse. Naturally, Futures are not limited to simply who will win the big game. Much like proposition (prop) bets for any particular contest, you can place several futures bets on potential outcomes, from who will win what division to who will win the league’s MVP. Futures Odds can be found at nearly any reputable sportsbook, but some have a limited selection of wagers they will actually take.
Anybody who wagers on the 49ers would need them to win by 7 points or more for a winning bet. Those betting on the Rams (+6.5) would need them to lose by 6 points or less (or win) for a winning wager. It's also worth mentioning that a half point is used in many point spreads (such as the -6.5/+6.5) to prevent pushes because no team can score half a point.

Total: Also called the over/under, it is a number set by the sportsbooks that proposes a number of points that will be scored in the game by both teams combined. Then, fans predict whether there will be more points or less points than the ‘total.’ If you bet the under 41.5, you are hoping for a tough defensive battle with lots of running game. Pick the over, and presumably you feel this will be a high-scoring game. In short, you are predicting whether the combined total score will be more than (over) or less than (under) the total.
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