Everything you need to know about Maryland sports betting odds If you’re serious about getting into online sports betting in Maryland, you need to know how to read the odds before you drop any cash on a wager.
Betting odds in Maryland
Far too many people decide to place a bet down on a team, game, or match based on their “gut instinct” or which team they like better – regardless of what Maryland sports betting odds tell them.
And while it can be a lot of fun to throw some cash around that way (especially if your favorite team for player comes out on top), it’s also a quick way to lose the money that you have set aside to do a little bit of gambling with.
Learn to read Maryland sports betting odds
Learning how to read Maryland sports betting odds is a pretty simple and straightforward process. Learn a little bit of crucial terminology, memorize some specific details about different odds, and master the basics of “feeding the public,” and you’ll be able to cash in on your wagers more often than not.
Below we dig a bit deeper into the basic ins and outs you want to master when it comes to reading sports betting odds and placing smarter wagers. Let’s jump right in, shall we?
Sports Betting Odds in Maryland
Though finding the right odds sportsbook in MD to put your wagers down is a massive piece of the puzzle for online gambling (and we highlight some tips and tricks to help you in that department in just a moment), nothing is more important than that learning how to read the odds.
Suppose you don’t know how to read sports betting odds. In that case, you’re going to have a nightmare of a time figuring out which team or player is favored.
How much you stand to win based on how much you wager, or whether or not you are lumping your money in with the sharps or the “dumb money” – and what that means for your chances of making a bit of dough more consistently.
Below we run through most of the online betting odds you’re going to come across when you’re getting ready to place a wager in Maryland (or anywhere else, for that matter). Get these fundamentals down, and you’ll be good to go!
The Money Line
These wagers are some of the simplest to make (in opposite to Hedge betting), mainly because they are only asking you to pick who you think will come out on top of the game or match you are betting on.
Every game and every contest will have a favorite and an underdog, except in somewhat rare circumstances where oddsmakers believe that the match is a legitimate even contest (with “even money”).
Moneylines are almost always expressed as a + or – followed by a number that lets you know just how much a team or player is being favored one way or another. For example, let’s say that you’re looking to place a bet on an upcoming Baltimore Orioles and New York Yankees baseball game.
You got to read the Maryland sports betting odds line and see that it has the Orioles coming in at -170 and the Yankees coming in at +150.
This would mean that the Orioles are favored and that the Yankees are the underdog. It also means that every $170 wager on the Orioles would pay off $100 and that every $100 bet on the Yankees would pay off $150. Again, all you have to do is pick the winner of the game, and you’ll collect your winnings!
Point spread online betting odds are incredibly popular for football and basketball (at the college and professional levels) and give you a chance to pick the winner of the game as set by oddsmakers and how much the point spread is going to be.
Think of this as a slightly more advanced money line, where your wager will pay off so long as you pick the correct winner of the game or the match and that winner has a point spread at the end of the game that matches the wager, too.
Let’s say that the Maryland Terrapins are playing West Virginia in college football. Maryland is favored with a line of -170 to +150 for West Virginia.
At the same time, though, the point spread has Maryland at -14.5 with -110 odds. This would mean that Maryland needs to win by 15 points or more for the water to come do, and each $110 wager would win $100.
Over/Under, these kinds of Maryland sports betting odds are also super simple to understand, basically asking you to place a wager on whether or not the final score of a game is going to be over or under the number that has been chosen by the oddsmakers.
In that Maryland versus West Virginia example we just mentioned a moment ago, we might say that the online betting odds for this football game are pegged at an O/U of 59.5.
If you added up the scores from both teams at the end of the game and they equaled more than 59.5 (60 or above), the Over wagers would be paid out. If the combined scores came in at under 59.5 (59 points or lower), the Under wagers would be the winners.
Prop bets can have some of the craziest MD betting odds you find online or off, and these kinds of bets can encompass pretty much any aspect of the sporting event that you are watching – including things that are only somewhat slightly related to the actual action between the two teams or players.
For example, a super popular prop wager during the Super Bowl is whether or not the coin toss at the beginning of the game is going to come up heads or tails.
Another really popular prop wager during the Super Bowl is an O/U bet on whether or not the national anthem will last a certain amount of time – usually, a couple of minutes – especially since the anthem gets longer and longer each year (or at least it feels that way).
Sometimes prop bets have to do with whether or not the next play will be of a specific variety (if placing a bet on football, you might go with a pass or a handoff), which team will score first, or which team will turn the ball over first, or any different number of “prop” bets that oddsmakers come up with.
Future Maryland sports betting odds have to do with (no surprise here) what a specific team or player is going to do in the future.
For example, you might place a wager that the Maryland Terrapins basketball team is going to win their conference and then go on to win the Final Four tournament in March – or you might decide to place a wager that they are going to come in that last across the board.
The earlier you place your wager in for futures-style online betting odds, the more generous they are likely to be for you.
This means that if you place a bet on the Baltimore Orioles winning the World Series in 2050, your odds (and your potential payout) are going to be a whole lot better than if you placed the same bet on the Orioles to win the World Series next year.
Parlays and Teasers
If you really want to get wild with the Maryland sports betting odds that you are reading to place wagers, you’ll want to think about pumping money into parlays and teasers.
Parlays combine two or more individual bets into a single wager, requiring you to win each and every one of those individual bets to payout for the entire wager.
For example, you might place a money line wager on the Baltimore Orioles and an over/under wager and a prop that they will be the first team to hit a home run in that specific game.
If each of those things happened – you were right on the money line, you nailed the over/under, and the Orioles were the first one to go bridge – you’d be able to collect on your parlay (and would probably win a decent chunk of change compared to placing those wagers individually).
On the other hand
If, on the other hand, you nailed the money line and the Orioles were the first team to hit a home run, but the over/under wasn’t met, you wouldn’t get paid out on ANY of those wagers. You need to hit every component of your parlay to cash in.
Teaser wagers are basically parlay-style action without any moneyline wagers whatsoever. Teasers also allow the person placing a wager to sort of manipulate the point spread or total within a specific range to increase their odds of cashing in on a win. Teasers understandably pay a little less than traditional parlays will, though.
How Odds and Lines Shift
Anything and everything that could even potentially impact the outcome of a game or match will likely cause the Maryland sports betting odds you see to shift and change, sometimes on a minute-by-minute basis.
An injury to a star player, the weather of the upcoming game, the news coming out of practice leading up to that match – anything can cause the odds to shift in one direction or another.
Even the money that comes pouring in can lead to online betting odds shifting and changing dramatically. Suppose one side is starting to get a tremendous amount of money dumped on it (usually by sharps looking to “move the line”).
In that case, it’s not at all uncommon for oddsmakers to shift the line a little bit to entice people to throw more money on the other side – even the books can guarantee that the sportsbook doesn’t lose their shirt, no matter what the outcome is.
Quick Tip for Calculating Payouts Based on Odds
The easiest way to calculate your potential payout based on Maryland sports betting odds is to use a little bit of super-simplified math. When you are placing a wager on “positive Maryland sports betting odds,” you’ll want to use this formula:
- Wager x Odds/100 + Wage = Your Potential Payout
When you’re looking to place a wager on “negative Maryland sports betting odds,” you’ll want to use this formula instead:
- Wager / Odds/-100 + Wager = Your Potential Payout
Going all the way back to the Maryland Terrapins (-170) versus West Virginia Mountaineers (+150) wager example we mentioned above, you’d be looking at something like this:
A $10 bet on Maryland would pay out a $15 profit (or a total $25 payday). A $10 bet on West Virginia, though, would bring you back a $5.88 profit for a $15.88 payday. You’ll always have to risk a little bit more money to win when betting the favorite versus the underdog.
How to Fade the Public (And Why It Matters)
Anytime you see a sportsbook start to “fade the public” or move a money line based on how much money comes in on one side of a wager, there’s a lot of potential to make a considerable chunk of change on a (relatively) small bet.
Let’s say, for example, that the Maryland college football team are 14.5-point favorites over the West Virginia college football team – with Maryland playing at home.
So many people are pumping money into this game on the Maryland side of things (the heavy favorites) that the sportsbook moves the line to 10.5 favorites to try and even things out a little bit.
Nothing has changed to make Maryland less than a 14.5-point favorite other than the amount of money coming in (the news is good, everyone’s healthy, the weather looks great) – so that means you’re being given four extra points that you wouldn’t have been given otherwise.
Check out the guide on Maryland sports betting bonus & promos here before you want to get into some betting action.
Our Favorite Sportsbooks with the Best Odds
There are a couple of things you want to think about when signing up for a new online sportsbook, including:
- Whether or not they have a history of accurate and reasonable odds
- Whether or not they have a history of fair dealings, especially when it comes to payouts
- The overall reputation that they enjoy in the sportsbook world
If you’re on the hunt for a new sportsbook with the best Maryland sports betting odds around, our favorite picks are well worth a closer look. A Few options for this is odds sportsbooks like the FanDuel MD and Barstool Sportsbook Maryland.
How Can I Find the Best Odds and Lines in Maryland?
Finding the best odds and the best lines (especially for the Maryland team specifically) can be a bit of an uphill battle, but that’s why we share our favorite picks all the time. These are the books you want to check when serious about finding the top MD betting odds around!
What is Live Betting, and Should I Get Into It?
The overwhelming majority of traditional Maryland betting odds are going to be “cemented” the second that a match starts. Whatever the line was when that opening whistle blew is what the line is going to be from that moment on, no matter what happens.
A lot of online sportsbooks, though, have started to play around with “live betting.” These kinds of wagers are separate from the traditional Maryland sports betting odds in that they can change, fluctuate, and slide around depending on the real-time action of the game or match itself.
You’ll also be able to place a wager at any point in time during that game or contest, all the way up to the last few moments before the game ends and a winner is declared. Some people like the thrill and action of live betting, whereas others are more content to sort of getting their money in before the game starts and then just see what happens from there.
What Happens If Odds or Lines Were Made in Error?
It doesn’t happen often, but if a bookmaker does make a mistake as far as odds or lines are concerned – and you got your wager in legitimately – the odds are pretty good that they will honor that wager and make it that payout.
Sometimes, though, the sportsbook may decide to determine all of those wagers to be null and void and return the money wagered to all players. Those kinds of moves usually get a book a pretty nasty reputation, though. Players like to know that they aren’t going to have a huge win canceled out because of a “mistake” made by the house.