Online Odds

Computational notes

Comparison
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  • Bet $100 to win $91.91 (10% juice) It's not uncommon to see other values posted other than -10. Examples seen on the NBA Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds.

Our odds page gives you lines from a variety of sportsbooks to make sure you’re getting the best price no matter what you want to bet. The best lines will be highlighted in green and update in real time. Use the filter odds tab to look at spreads, over/unders or moneylines. You can also filter by state to show sportsbooks available in your area.

The odds ratio (OR), its standard error and 95% confidence interval are calculated according to Altman, 1991.

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The odds ratio is given by

with the standard error of the log odds ratio being

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and 95% confidence interval

Where zeros cause problems with computation of the odds ratio or its standard error, 0.5 is added to all cells (a, b, c, d) (Pagano & Gauvreau, 2000; Deeks & Higgins, 2010).

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Test of significance: the P-value is calculated according to Sheskin, 2004 (p. 542). A standard normal deviate (z-value) is calculated as ln(OR)/SE{ln(OR)}, and the P-value is the area of the normal distribution that falls outside ±z (see Values of the Normal distribution table).

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Literature

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  • Altman DG (1991) Practical statistics for medical research. London: Chapman and Hall.
  • Altman DG, Deeks JJ, Sackett DL. Odds ratios should be avoided when events are common [letter]. BMJ 1998;317:1318.
  • Deeks JJ, Higgins JPT (2010) Statistical algorithms in Review Manager 5. Retrieved from https://training.cochrane.org/handbook/statistical-methods-revman5
  • Kirkwood BR, Sterne JAC (2003) Essential medical statistics, 2nd ed. Oxford: Blackwell Science.
  • Pagano M, Gauvreau K (2000) Principles of biostatistics. 2nd ed. Belmont, CA: Brooks/Cole.
  • Parshall MB (2013) Unpacking the 2 x 2 table. Heart & Lung 42:221-226.
  • Sheskin DJ (2004) Handbook of parametric and nonparametric statistical procedures. 3rd ed. Boca Raton: Chapman & Hall /CRC.