Not sure how sports betting works?

Race Horse Book provides an explanation of sports wagers and sports betting terms that are common to sports.  You can find information on money line wagers, parlays, teasers, if bets, and European odds.  We provide plenty of examples and walk you through the bet.

...visit our sister site for the latest sports odds and betting lines as well as live scores.

Included is a discussion of pari-mutuel betting, betting options, placing a bet at the track, payoff calculations, and the track cut.

European Odds

European odds are different from the North American style of odds.  In North America, money lines are used to determine the line.  In North America, a team that is +140 would be a 40 point underdog.  This means that for every $100 wagered the bettor would win $140.  The total return would be $240 (the winnings plus the original amount bet).  In a European style of betting, these odds would be expressed as 2.40 -- meaning that for $100 wagered the bettor would receive $240 ... the 2.40 represents the amount won and the return of the original bet.