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How to Bet

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Understanding American Odds

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Reading the Numbers

• Negative odds (-): Indicates the favorite (more likely to win)
  • Shows how much you need to bet to win $100
  • Example: -150 means bet $150 to win$100
• Positive odds (+): Indicates the underdog (less likely to win)
  • Shows how much you win if you bet $100
  • Example: +200 means bet $100 to win$200

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Quick Examples

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Calculating Your Payout

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For Negative Odds (Favorites)

Profit = ($50 / 150) × 100 = $33.33
Total Payout = $50 + $33.33 = $83.33

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For Positive Odds (Underdogs)

Profit = ($50 × 200) / 100 = $100
Total Payout = $50 + $100 = $150

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Quick Payout Calculator

Total Payout = Your Bet Amount + Your Profit

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Types of Bets

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1. Moneyline (Winner)

Lakers -150
Celtics +130

Bet $100 on Lakers → Win $66.67 if Lakers win
Bet $100 on Celtics → Win $130 if Celtics win

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2. Point Spread

Lakers -5.5 (-110)
Celtics +5.5 (-110)

Lakers must win by 6+ points
Celtics must lose by 5 or fewer (or win)

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3. Totals (Over/Under)

Total: 215.5
Over 215.5 (-110)
Under 215.5 (-110)

If final score is Lakers 110, Celtics 108 = 218 total
Over wins, Under loses

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4. Parlays

3-Leg Parlay:
- Lakers -150
- Over 215.5 -110
- Warriors +120

$50 bet → Potential payout: $450+
(All three must win)

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How SportToken Odds Work

1. No vig on single bets: We remove the bookmaker’s built-in profit margin
2. Transparent fees: Small fee only charged on winning bets
3. Better value: Fair odds mean better payouts for you

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Example Comparison

Lakers -150 / Celtics +130
(Bookmaker keeps ~5-7% margin)

Lakers -140 / Celtics +140
(Fair odds, small fee on winning bets)

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Tips for Beginners

1. Understand implied probability: Negative odds mean higher win probability, but lower payout
2. Bankroll management: Never bet more than you can afford to lose
3. Shop for value: Better odds = better value for your money
4. Avoid heavy favorites: Small payouts, big risk
5. Research: Check team stats, injuries, and recent performance

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Bet Limits

• Minimum bet: $1
• Maximum bet: Varies by game liquidity
  • Displayed on each game card
  • Higher for popular games
  • Lower for niche markets

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Examples with Real Numbers

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Example 1: Betting on a Favorite

Game: Thunder vs Spurs
Odds: Thunder -250

You bet: $100 on Thunder
Thunder wins: You profit $40
Total payout: $140

Your return: 1.4x your bet

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Example 2: Betting on an Underdog

Game: Trail Blazers vs Warriors
Odds: Trail Blazers +300

You bet: $50 on Trail Blazers
Trail Blazers win: You profit $150
Total payout: $200

Your return: 4x your bet

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Example 3: Spread Bet

Game: Lakers vs Celtics
Spread: Lakers -7.5 (-110)

You bet: $110 on Lakers -7.5
Lakers win 115-100 (by 15 points)
You win: $100 profit
Total payout: $210

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Example 4: Parlay

3-Team Parlay:
- Lakers ML -150
- Over 220.5 -110
- Warriors ML -120

Combined odds: ~+350
Bet $100 → Potential win $350
Total payout: $450

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Understanding Probability

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For Negative Odds

Probability % = |Odds| / (|Odds| + 100) × 100

-150 odds = 150 / (150 + 100) × 100 = 60%

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For Positive Odds

Probability % = 100 / (Odds + 100) × 100

+200 odds = 100 / (200 + 100) × 100 = 33.3%

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Common Questions

• Betting action from other users
• Injury news
• Line movements from professional bookmakers
• Game time getting closer

• Bets are typically voided and refunded
• Check specific sport rules

• Not currently, but coming soon
• All bets settle when the game ends

• Start with moneyline (straight winner bets)
• Easier to understand than spreads or totals
• Move to spreads once comfortable

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Next Steps

1. Deposit funds into your account
2. Browse live games or upcoming matches
3. Click on a game to see all available bets
4. Select your bet and enter your amount
5. Confirm and watch the game!

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Advanced Topics

• How SportToken removes the vig for fair odds
• Understanding parlay pricing
• Liquidity pool mechanics for better odds
• Max loss protection that protects the liquidity pool