Online sports betting is coming to Arizona. This page will be updated with live odds and bonus offers as soon as AZ sportsbooks launch.
With so much focus beginning to land on sports betting across the state of Arizona, it’s no wonder that people are wondering just how odds work.
Let’s discuss how betting odds work, give you some examples for various sports, and break down some of the bets you’re going to come across when looking at sportsbooks.
We’ll also have a section with a list of available sportsbooks, so when you’re looking to finally create an account to bet on sports in Arizona, you’ll be able to find all the available options right there. For a guide on sports betting odds in the Grand Canyon State, read on.
Where to bet on sports online in Arizona
When the time comes and you’re ready to make your account, you’re going to want to choose a sportsbook that is legal and regulated in Arizona. All of the options listed on this site will fit that criterion.
Betting at a legal sportsbook means you have the law at your back if anything goes wrong. Illicit offshore sportsbooks that cater to US clients, meanwhile, have no oversight nor any governing body that would be able to get your money back if the sportsbook refuses to pay or suddenly folds. With legal sportsbooks, they not only must have a license to operate in Arizona, but they also must submit to regular inspections and audits.
When you’re ready to choose a sportsbook, just click on the name of the one you want to visit from the list below and you will be taken directly to their homepage. From there you can register for an account, deposit money, and begin placing wagers.
What do negative and positive odds mean?
At sportsbooks that use American odds, you’re going to see negative and positive numbers. When you come across a listing with negative odds, such as -110, that is an indicator that the oddsmakers believe that side is the favorite.
The negative number indicates how much money you would have to wager in order to win $100 on a correct bet. A positive number, then, indicates how much you would stand to win if you wagered $100. Let’s take a look at an example of a moneyline bet from the NFL:
- Arizona Cardinals -120
- Seattle Seahawks +110
What we can tell by looking at these odds is the Cardinals are favored to win this game, and the Seahawks are the underdogs. If you were to bet $120 on the Cardinals and they won, you’d take home $220, the $100 you won plus the return of your $120 wager.
Now if you thought the Seahawks were going to get the upset and you wagered $100 on them to win and they did, then you’d take home $210, your $100 bet that you originally placed, and the $110 that you won.
Those numbers will change based on the amount you bet. Say you wagered $250 on the Cardinals winning in this example and they did. You would get back $458.33, which is your $250 stake and a profit of $208.33.
If you’re ever curious about how much a bet works out to and you don’t feel like doing the math yourself, you can find plenty of online betting calculators where you just punch in the odds and the amount you’re betting to get an answer.
Is that how all bets work?
In terms of the odds you’re going to find in your sportsbook, yes. But within those odds, you can find variations based on the type of bet. It’s not always just picking the winner.
There are several types of bets that you’ll come across. The example we gave above was a moneyline bet. It is one of the most basic types of bets in that it only asks you to pick which side is going to win. Beyond the moneyline, there are two other basic but popular bets that you’ll come across frequently: point spreads and totals.
Point spread odds
A point spread evens the playing field between two teams. It gives points to underdogs so that as long as they win outright or lose by fewer than those points, they will be the winning bet. The favorite has to win the game and do so by more points than the spread. Here’s an example, using college football:
- Arizona State -6.5 (-110)
- USC +6.5 (-110)
In this example, the Arizona State Sun Devils are favored to win the game by 6.5 points (remember that negative numbers actually mean that side is the favorite). The USC Trojans are the underdog, and in order for bets on them to win, they have to either win the game outright or lose by fewer than seven points.
The odds work the same when figuring out how much you could win. With a negative number before the odds (which are equal because the point spread, as mentioned above, evens the playing field for the underdog), it identifies how much money you need to wager in order to come away with $100 in profit.
Say you pick USC to beat the spread and you bet $75. The Trojans end up losing, but the score is 36-33 in favor of the Sun Devils. That means point spread bets on the Trojans would win because while they still lost, they did so by just three points.
Your payout on that $75 bet would be $143.18, which is your $75 stake returned to you and $68.18 in profit.
Totals betting odds
Totals bets are also frequently called over/unders. Instead of picking a winner of the game like a moneyline bet, or a team to beat the spread, your goal is to take a look at the sportsbook’s prediction for how many points both teams in a game will combine to score and determine if the final score will be over or under that number. Here’s an example using the NBA:
- Phoenix Suns O 241.5 (-110)
- Golden State Warriors U 241.5 (-110)
As you can see, there is no “winner” that you need to pick. The oddsmakers have determined that the final score will be around 241.5 points (that half-point is to ensure there has to be a higher or a lower number).
In either case, if you pick correctly, you’ll be doing so at -110 odds. For easy math in this example, let’s say you wagered exactly $110 on the total score being under 241.5. Suppose the game ends up being a victory for the Suns, 113-108. Add those two scores together and you’ll come up with 221 points. Since you chose correctly, you’d take home $210, which is your initial stake of $110 plus your $100 profit.
Summing up how sports odds work
No matter the bet, moneyline, point spread, total, or even prop, future, live bet, or parlay, the odds still always work the same.
You’ll always clearly be able to identify the value the sportsbooks have put on a particular listing. Be it a -500 moneyline for a team that is expected to be so dominant that the other team will barely be in the game, or a +9,000 long shot on the Detroit Lions winning the next Super Bowl, the math always works the same.
It isn’t always easy to calculate, of course. If you wager a number other than $100 for positive odds, or other than exactly the number assigned to negative odds, the math gets more complicated. But you don’t have to worry about practicing your arithmetic thanks to the existence of betting calculators.
Now that you don’t have to worry about how odds work, take a look around and familiarize yourself with all of your sports betting options in Arizona.