Before you can start wagering on the Jets odds, you must know how to read them. Understanding odds is a crucial first step in sports betting because odds show you the implied probability of an event occurring and how much you will make from wagering on them.
Jets Vegas odds are created by oddsmakers and experts, typically in Las Vegas. Each sportsbook has different odds, although they tend to be very similar to the general Vegas projections.
Knowing how to read these odds is important. Let's explore the basics of understanding odds first by looking at the most popular odds type for Canadian bettors: American odds.
American Odds are a type of odds where bettors can see how much they will make on a wager in terms of + or- values.
The + values show bettors how much profit a wager of $100 will make. If a line is +200, a wager of $100 will have a $200 profit.
The – value shows bettors how much they’d need to wager to receive a $100 profit. If something is -200, bettors would need to wager $200 to receive a $100 profit.
If you’re keeping up so far, you’re off to a good start. Reading odds is slightly difficult, and it is compounded by the fact that the odds are multipronged. You must understand the market, as well.
For example:
ML (-120) | ML (+105) |
If the Jets are playing the Canucks, and you see Moneyline, and the Jets are -120, and the Canucks are +105, you need to understand that this means the Jets are favored because their payout is lower, reflecting oddsmakers' stance that the Jets have a higher likelihood of winning.
To further complicate things, there are markets like the puck line to consider. The Puck Line is written out like +1.5 or -1.5. + means the team is the underdog, so they need to keep the game within one goal or win to meet the line. -1.5 means the team is the favorite, so they must win by two or more goals to fulfill the spread.
In this situation, Puck Lines would be written out like this: Winnipeg Jets -1.5: -110, Calgary Flames +1.5 -110. The second part of the line is the actual odds, while the first part shows the spread.