Welcome to Odds Shark’s sports betting guide, with news and expert online gambling advice. Odds Shark 101 is THE one-stop shop for everything betting-related. On this page, you’ll find the best betting resources as we break down the basics of online betting with how-to tutorials for your favorite sports, guides explaining every type of bet imaginable, and everything else in between for both new players and expert bettors alike.
Discover how sports betting works around the world. Explore the most popular betting events in the U.S., learn which leagues are the most popular to bet on, and discover the most common types of betting markets. Put your sports betting cap on and learn the legalities of betting on sports.
We’ll also show you how and where to bet safely at the best legal sports betting sites. Wager on sports from the comfort of your own home via your desktop computer or tablet, or bet on the go via mobile betting with your favorite mobile device. Our sports betting bible truly captures it all.
Sports Betting FAQ
What does +400 mean in betting?
+400 is a form of American odds. If an athlete or a team has a minus sign (-) in front of their odds, they are usually the favorite. If they have a plus sign (+), they are typically the underdog. Wagering $100 on a +400 long-shot would return $500, while wagering $100 on a -400 favorite would payout $125.
Can you make money from sports betting?
Yes, you can most definitely make money from sports betting. Having said that, you can also lose a lot of money from online sports betting as well. Betting on sports can be very profitable, but it's important to check out sportsbook Reviews and discover the ones that best suit both your needs and preferences.
What does 4.0 mean in betting?
4.0 is simply betting odds listed in a decimal format. 4.0 decimal odds are the exact same thing as +300 American odds, 1/3 fractional odds, or 25.00 percent implied odds. A $100 bet amount on 4.0 decimal odds, would payout $400. Our betting odds calculator is a great tool that can help show you how to calculate potential winnings.
Can you bet on sports legally?
Yes, you can bet on sports legally. Sports betting is, in fact, legal in more than two dozen states throughout the United States of America. However, many of these US states have in-person betting only. Several states are reconsidering sports betting because of shortfalls in budget revenue, while a dozen more are less likely to get online sports betting due to politics.