This guide will help you understand the basics of a sportsbook and how to place a bet. As you get further away from that -110 number, you learn more and more about which bet the oddsmakers view as more likely to win.CAZ Guide To Sports Betting.

So, if Rublev and Rune were both listed at -110 odds, that would mean that the bet is something of a coin flip.

One last thing we’d like to leave you with is that -110 odds on any bet implies a 50% chance of either side winning. You can find them all over the place, and they’ll do the hard work for you. If you’re still a little confused by what these numbers mean, we encourage you to search online for odds calculators. Using the same math, you could risk $10 on the Dane to win $7.40. That means that a $10 bet on Rublev would return $11 dollars, while you would need to put $13.50 on Rune to win $10. Rublev was a +110 underdog in that match, while Rune was listed as the favorite at -135. Using an actual example from the fourth round of the 2023 Australian Open, you might see a match-up between players like Andrey Rublev and Holger Rune, where not much separates the two. Let's run through a less lopsided scenario. The latter is a lot more enticing, which is why bettors are drawn to underdogs. And going the other way, with Schwartzman, you would be betting $10 to win $65 (or, betting $100 to win $650). Betting somebody at -950 simply means that you’d need to risk $950 in order to win $100-or, $95 to win $10. In a match like that, Djokovic might be listed at -950 to win, while Schwartzman would be +650. Sticking with the Djokovic-Schwartzman example, you’re going to see some confusing-looking odds if those two meet one another. And that’s precisely why Djokovic would be considered the “favorite” in a match against Schwartzman, who then takes the “underdog” tag. For example, if you’re looking to win $10 on a bet, you’d have to risk more of your money to do that on somebody like 22-time Grand Slam champion Novak Djokovic than a player like Diego Schwartzman. When you fire up your favorite sportsbook app and look up the matches you want to bet, you’ll quickly learn that players are often priced differently.

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