Soccer Odds and Betting Lines
Sports bettors need to learn how to read soccer odds and soccer betting lines. These figures indicate the chances that a particular event will happen, but they can also be adjusted based on the betting patterns of the players. On this page, you will learn everything about soccer betting odds.
The Basics of Soccer Odds and Bets
In sports betting sites in Canada, soccer odds are usually displayed in American format. However, you will usually have the option of converting the odds to decimal or fractional format. Let's look at some basic aspects of soccer odds and bets.
Reading Soccer Betting Lines
Soccer betting lines are centered around a $100 bet. Soccer odds that use the negative or minus sign indicate that the team is the favorite in the match. On the other hand, plus sign odds are used for the underdog. With the underdog, the odds will represent the amount you can win when you wager $100. When betting on the favorite, the odds will indicate the amount you must risk in order to win $100.
How are winnings calculated
When you bet on soccer, you should calculate the winnings by first checking the sign in front of the figure. If it has a plus sign, you should divide the odds by 100 and multiply the resulting figure by the bet size. If you are calculating winnings from negative odds, you should divide 100 by the odds, and then you can multiply the product by the wager size.
Important things to consider when Betting on Soccer in Canada
In soccer betting, you need to consider the betting regulations in your province. Online sports betting in Canada has been legal for a few years now, and you no longer have to place parlay bets. Canadian gambling laws allow bettors to place single soccer bets. The only provinces that have set the gambling age at 18 are Alberta, Montreal, Manitoba, Calgary, Quebec, and Ottawa.
It is also essential to check the rules of soccer betting sites. Most of them use the results at the 90-minute mark to settle bets, but you can go through the betting rules to find out how the wagers are settled.
Types of bets you can find
Online sportsbooks feature lots of soccer betting markets. Some of the most popular sports betting types are the money line, soccer spreads betting, totals, prop bets, future bets, Asian handicap and parlays.
Moneyline
The money line bet on soccer allows players to predict the winner of the match. For example, you can place a money line on an event between Cavalry FC and FC Edmonton, and that means you have to pick the winning team.
Spreads
With soccer spreads, the betting site will set a handicap, and the favorite will have to cover this spread in order to your bet to win. If they fail to cover the spread, the underdog will be considered the winner for the wager.
Totals
Betting sites also set odds on the total number of goals that will be scored in an event. For example, in a match between Valour FC and Pacific FC, soccer bettors can predict that the game will end with a score of more than 2.5.
Prop bets
Prop bets are also quite popular among soccer bettors. They are also known as specials and cover events that may or may not happen by the match ending. For example, you can predict the player that will score the first or the last goal in the match. Prop bets are not dependent on the final score of the event.
Future bets
Future bets are common in popular soccer leagues like the World Cup, Major League Soccer, and English Premier League. With these wagers, players have to predict the outcomes of events that will take place far into the future. For example, a wager on the winner of the Premier League, La Liga or the Champions League can be considered a future bet.
Parlays
Parlay bets are available on almost all soccer betting sites. They involve combining multiple bets into a single bet slip. If any of the bets in the event loses, you will end up losing the entire parlay. The appeal of parlays is the high potential win.
Comparing Soccer Odds on Oddspedia will Benefit You
An advantage of using Oddspedia is that it allows soccer bettors to compare odds on different betting sites. To do this, you will have to click the football link on the Oddspedia website. When you open a specific football event, the website will display the odds on different betting sites.
Odds Comparison increases your winnings
You can compare odds on Oddspedia to increase your possible winnings from soccer betting. The site allows you to always place wagers on markets with higher odds. You simply need to click the higher-ranking websites, and you will get redirected to the betting platform of your choice. Make sure you create accounts on sites that consistently offer higher odds as this will allow you to place wagers before the odds are adjusted.
Oddspedia provides the best soccer odds for Today
You will also be able to see the best soccer odds for today and live soccer odds when using Oddspedia. To do this, you need to click the football tab and click the odds link. This will display the fixtures of the day, as well as the highest odds for each market.
Track betting lines movement
Another great thing you can get on Oddspedia is lines movement. With it, you can see how the odds have changed over time. This information will help you determine whether the odds are a genuine reflection of the real probabilities or if they were simply adjusted to balance out the wagers.
Find the Best Soccer Sportsbooks
Oddspedia has established itself as the ultimate gambling resource for individuals in search of the best soccer betting platforms and top sports betting mobile apps. We have prepared for you the top sportsbooks in Canada that are suitable for betting on soccer:
Oddspedia also has a section where you can compare soccer odds and access links to sportsbook bonuses for bettors from Canada. We have also created a special section with Ontario betting sites and reliable Ontario sports betting apps. Below we have prepared for you the top 5 bookmakers for soccers betting legal in Canada:
FAQ
What are moneylines?
Money line bets on soccer games are wagers placed on the final winner of a particular soccer game. The favorite is presented with a minus sign, while the underdog uses positive odds.
Which are the best soccer markets to bet on?
The most popular soccer markets to bet on are the money line and the point spreads. These markets are relatively easier to predict in a soccer match. Total goals over/under 2.5 bets are also popular in soccer matches.
Are there soccer markets I should avoid?
It is advisable to avoid placing parlay bets on goal-goal markets and under 2.5. You are also highly unlikely to win when betting on the exact number of goals scored in the event. While these markets are highly profitable, they are also extremely risky.
What does +200 moneyline mean?
A moneyline of +200 means that you will win $200 if you wager $100 on the market. If the bet is successful, you will win a total of $300 from the bet.
Which bookie has the best odds for soccer?
There are many betting sites available to residents of Canada, but LeoVegas and Unibet have consistently posted very high odds for soccer matches. You should always check Oddspedia to find the betting sites with high odds for specific events.
How does Oddspedia's odds comparison work?
This platform obtains the real-time odds of different betting sites and posts them from the highest to the lowest ones. The odds are updated continually, so you will always see the latest prices.
Is there a betting strategy I can use for betting on soccer?
You can improve your winning chances when you bet on soccer by adopting a money management system. This ensures that you don't run out of money early. Some great money management strategies are the Martingale system and the Fibonacci sequence.
