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Even money odds in the decimal format are displayed as 2.0. If the odds are less than 2.0, it means you’re looking at a big favorite. The morning line odds are usually reflective of the relative strengths of each horse, but the oddsmaker is not handicapping the race. The oddsmaker’s goal is to accurately gauge public sentiment to set the line and provide bettors an idea of what to expect once betting opens. All you have to do is multiply your bet by the whole number to find your net profit. […]

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According to a May 2017 Oxford Economics report, legalized sports betting is projected to generate $8.4 billion in new tax revenues, create more than 200,000 new jobs and add over $22 billion to the nation’s GDP. With a budding new industry on the horizon, businesses are working tirelessly to capitalize on the new opportunities being presented in the world of sports gambling. […]