Our Odds Tool automatically shops around at all of the biggest online sportsbooks in the industry to find you the best available line and juice on your favorite English Premier League team.
Premier League Odds FAQs
Betting on soccer has been like a rite of passage for most folks in Europe for quite some time. The sport has experienced some rapid growth in North America and is now a popular wagering option for many. When it comes to soccer, the EPL is home to some of the greatest teams in the world.
Want more information about the Premier League and how the odds are set for its games? Our team can help! We've assembled some of the most commonly asked questions regarding EPL odds below.
How do sportsbooks make money from Premier League betting odds?
When setting odds for the EPL, oddsmakers will determine what the price (juice) should be on each team in the match. A favorite and an underdog will be established based on each team's record, injury situation, and travel schedule. Lastly, soccer is unique in that oddsmakers will also offer a price for a tie (Draw). A sportbook's ideal goal is to attract equal action on all 3 outcomes so that they can simply collect their commission (juice) after the match is over.
What is the concept of "juice" or "vig" in EPL betting odds?
The juice refers to how much money you have to put down on the favorite to win back $100. For example, if Liverpool is a -400 favorite over Chelsea in the Premier League, you'd have to bet $400 on Liverpool to win $100. In that same match, Chelsea may be priced as a +1300 underdog. This means that a $100 bet on Chelsea would win $1300.
How does the over/under (totals) betting market work in the Premier League?
Soccer bettors who are unsure of which team to bet on in a given match may want to consider betting on the total. When betting on a total, you are simply trying to predict how many total goals will be scored in the match. In the EPL, most matches have an over/under price of 2.5 or 3.5 goals.
What role do statistics and data analysis play in setting EPL betting odds?
When it comes to setting odds in the Premier League, stats and other data points play a large role in determining the prices set for each team. For example, let's say that Manchester City sports a great home record of 10-1 but is kind of shaky on the road at just 5-4. Oddsmakers will obviously price that sort of trend into their betting odds for the remainder of Man City's matches.
Why might Premier League odds vary between bookmakers?
EPL odds can vary quite a bit from sportsbook to sportsbook. This is because some sportsbooks have their own risk management teams that keep their own power ratings on each Premier League club. While sometimes the odds will differ because of personal opinion, sportsbooks will shift their odds based on the amount of money that's coming in (or not coming in) on each team.
What is live betting, and how do odds change during a live EPL game?
In-game betting has really taken off in the last few years. It makes watching soccer even more exciting and most folks really enjoy it. With live betting, sportsbooks will use an automatic algorithm to move the odds based on the score and how much time is remaining in the match.
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