|Time||ROT||Thu Dec 07, 2023||WAGERS||OPENER|
The English Premier League is England's highest level of men's professional football. It is regarded as the most talented domestic soccer league worldwide and the most-watched sports league globally. Its history runs deep, and since its birth in 1992 (Formerly labeled the First Division, founded in 1888), seven clubs have won the EPL title, five of which are known as "The Big-Six"; Manchester United (13 titles) Manchester City (6 titles), Chelsea (5 titles), Arsenal (3 titles), Liverpool (1 title) – Tottenham are the lone big-six side to have not won an EPL trophy.
Behind its elite stance and soaring popularity in the world of professional football, you shouldn't be surprised to know that EPL soccer betting is one of the most approached sports by handicappers at the top online sportsbooks. Today's guide previews the EPL odds, how they work, the markets involved, and how you can diversify your betting options with European soccer today.
Understanding the English Premier League odds is the first step in tackling its betting markets. There are three odds formats within EPL betting markets – which can be altered within your offshore sportsbooks settings – and we've provided a brief overview below.
Many sports betting sites all over the world use the American odds format due to its simplicity. With a baseline value of $100, you read the number provided, and this will either show you how much you'll need to stake to win $100 or how much you'll win from risking $100.
When the odds are aligned with a (-) symbol, they represent the betting favorite and show you how much you'd need to bet to win $100. For example, if the odds read -110, a $110 stake would return $100 or profit. Or, a $1.10 stake would return $1 of profit, etc. Your initial stake is also returned.
If a (+) symbol is found before the odds, they are the underdog team (or the least likely outcome for wagers outside moneyline wagers). They show a bettor how much is won from a $100 stake. For example, if the odds are +250, a 100 bet would return a profit of $250 and your initial stake.
Moneyline examples (team to win or lose) often describe favorites, underdogs, and how the odds are read. However, the same principle works identically for alternative markets. So, if you're betting on totals and the over 2.5 goals are set at -130, this is the favorable position versus the underdog position of under 2.5 goals, and a $130 stake is required to return $100 profit.
The decimal format is commonly used in Europe, and the single number displayed represents the profit you'd receive from a $1 stake – the original stake is also included to simplify your overall payout. If you see decimal odds that read 2.00, you will profit $1 for every $1 staked - $2 total, or $100 for every $100 staked and your initial stake - $200 in total.
Fractional odds show two numbers split with a forward slash. The number on the left is how much money is won, and the number on the right is how much you'd need to stake. If the odds are 1/8, you will profit $1 for every $8 staked. For underdogs, the number on the left is greater than the right-sided number (8/1) – a $100 stake would return $800.
English Premier League Betting Odds Betting Example
Below is an example of how EPL odds work when using American odds in a moneyline wager:
If Manchester United is the betting favorite at -120, a $120 stake would return $100 profit and your initial stake.
If Arsenal is the betting underdog with a moneyline price of +130. Bettors staking $100 would profit $130. Your initial $100 stake is also returned.
The extensive selection of betting options within the EPL soccer betting markets can seem overwhelming for newcomers. However, it's not as complicated as you'd believe.
Below are some of the most approached EPL betting markets:
Each of these markets presents a variety of sub-categories, each offering a unique betting line. Below we've highlighted some commonly approached EPL odds and how to bet them.
The most straightforward wager in all of soccer betting is moneyline bets, sometimes referred to as outright markets. Bettors are tasked with picking a winner. However, there's an additional type known as the three-way moneyline; the odds on these outright betting markets are more generous in this circumstance because a draw (tie-game) is added to the possible outcome.
This type of prop bet is one of the most wagered-on proposition bet types when it comes to soccer picks. Bettors that believe both teams will score in a match can select yes, and bettors that don't expect both teams to score can choose no.
The double-chance market is among the most sought-after match props in soccer betting, giving handicappers a safer – and less valuable – way to predict a game outcome. You are simply betting on two of the possible three outcomes. You can combine Team A to win or draw, Team B to win or draw, or Team A or Team B wins.
Similar to spread betting, handicap wagers in the Premier League are when a sportsbook gives a virtual advantage to the underdog team, thus making the odds close to even. Favorites start behind in goals with a deduction like -1 or -2, while the underdog receives a head start with +1 or +2 goals. If you're wagering on the favorites, they must win by more than the handicap value, and underdog backers will hope their team wins or loses by no more than the handicap given.
Now that you've familiarized yourself with the EPL betting odds, markets and bet types, you'll want to begin placing your first wagers. But before you do, there's a specific set of handicapping rules that are useful.
When does the Premier League start and end?
Every year the English Premier League starts in August, and the final day of fixtures is held in May the following year, as the EPL title winner is then crowned.
When do sportsbooks release their Premier League odds to the betting public?
EPL futures are often released months before the season starts during the summer, and weekly EPL odds are released once the previous set of matchday fixtures have ended.
How many games are played in the EPL?
A total of 380 games are played during an EPL season. All of the twenty teams compete against each other twice – home and away – throughout the season.
Where can I watch the English Premier League?
All 380 Premier League games can be watched on NBC, USA Network, Fubo TV, NBCSports.com, and Peacock.
What happens when a team is relegated?
The three teams with the lowest points at the end of a EPL season are relegated to England's second-tier division, The Championship.