Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives. In particular, the financial derivative Contract for difference (CFD) mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.
There's a full-field wager, which resembles a line you'd see in a horse race. Jimmie Johnson would be 6-1 to win the race, meaning if you bet $1, you profit $6, meaning your ticket would be worth $7. There will be a pool of available participants, with the rest being put into a "field" category, giving you more individual chances to have a winning ticket, but typically with less unexpected winners.
The Packers were the designated home team for Super Bowl I, so they’re listed at the bottom. They were also the favorites in this game, representing the mighty NFL; the –14 you see above indicates that Green Bay was a 14-point favorite, meaning they had to win by more than 14 points to cover the spread. The Chiefs, representing the upstart AFL, were 14-point underdogs. If they had won the Super Bowl, or lost by fewer than 14 points, they would have covered instead. A Packers win of exactly 14 points would have resulted in an push, with all monies returned. In the end, Green Bay won the Super Bowl 35-10 and covered the spread.
Although the odds on a spread bet are often listed as being even at 1:1, the fact is they are 0.90:1, which is a bit less than even. How does this work? Often in the point spread you’ll see next to each spread number -110. This tells you how much you have to wager to make $100. Thus, with the point spread -100 will always be listed, which means if someone wagers $110, they will make a $100 profit if they win. (If betting $11.00, the payout would be $10.00)
For those who are only really interested in wagering for a bit of fun, you'll be ready to go as soon as you've finished reading this page. For those of you with ambitions of making long term profits, we also point you towards a wide range of additional information and advice that will help you to achieve such goals. We're not promising that we'll make you an instant expert, but we'll certainly give you the chance to become one.
These are just a very small selection of some props. Many bookmakers offer dozens of different options, particularly on high profile matches. Props are generally considered a fun type of bet rather than a way to make money, but it is possible to make consistent profits from them. We explain more about props on the following page, where we also offer some strategy advice.
To understand what a trifecta wheel is in horse racing and sports betting we first obviously need to understand what a trifecta is. Luckily, that's simple - a trifecta is a bet you can make where you bet on the horses that will finish first, second and third in a race. In order to have a winning bet you not only have to pick the correct three horses, but also correctly pick the order in which they will finish. Because it involves three horses the trifecta is more difficult to win than a win bet or an exacta, so it usually has a much more attractive payoff as a result. Read More >>
Oddsmakers do more than pick the winners and losers of each game. They weigh myriad factors to determine which team is favored by how many points. They set an early point spread on each game, then adjust it up or down based on betting patterns. If the Dallas Cowboys are 6-point favorites over the New York Giants, they must win by seven or more points to pay off winning bets. If you wagered on the Giants, you win your bet if New York either beats Dallas outright or loses by five points or fewer.
Winning a game in a professional sports league of any kind can be difficult for even the best teams. Very few teams have gone through a season undefeated (only NFL Teams) and even then, not every win is as easy as teams hoped they would be - even the margin of victory is sometimes too close for comfort. Unfortunately for bettors, teams don't care how they win or by how many runs, goals or points, as long as they win the game. Read More >>
Say the Bears are a six-point favorite over the Lions and the total is 42. To bet the Bears, you must "lay the points," meaning they must win by seven or more to cover and give you the win. Betting the underdog Lions, you are "taking" six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides "push" and all bets are returned. It's also a push if the final score equals 42, otherwise the over or under will win.
Here at The Football Lines .com on our point spread page we provide the latest NFL point spread lines for the current NFL week for your informational purposes only. These include the opening NFL point spread and current line which is updated regularly throughout the week, with our aim being to provide all the NFL spread details you need both current and historical in an easy to access format. The Football Lines .com's previous seasons Historical NFL Point Spreads section provides detailed week by week opening and closing NFL spread lines dating back to the 2007 season. With the current seasons week at the top and working your way down through the previous football years data you quickly have access to the final score, open and close NFL spread lines to see how many points it moved as well as color coded display of the spread winner.
Sports betting has been around since 1000 B.C in China, where betting on animal fights was commonplace. In ancient Rome, one could wager on the Gladiatorial games. The idea of betting on sports is as old as organized sport itself. But up until the 1940s, bettors were fairly limited in what kind of bets they could make. The standard system of odds would allow bets on, for example, the 3-1 odds that the Steelers would beat the Browns.
When wagering against the spread, you bet on the team that will cover the betting line, and not necessarily win the game. Obviously by taking the favorite, a bettor believes that team will not only win the game, but also win the game by a certain number of points to cover the betting line. But when wagering on the underdog, that team does not necessarily have to win the game to cover the line. For examples of point spreads and how those bets are won, please keep reading below where we explain betting odds for the spread in detail.
The simplest way to think about a moneyline is to consider a base bet of $100. A moneyline is a number larger than 100, and it is either positive or negative. A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you were to bet $100. Obviously, then, the team is a bigger underdog the bigger the number is - a +260 team is perceived to be less likely to win than a +160 team.
The first number in the listing pertains to the order this game appears on a sportsbook’s board. The next NFL game would be listed as #103 for the road team and #104 for the home team. You can think of these numbers in the same way that each horse in a race has its own betting number. The next big takeaway from this listing is that the top team is always the road team (thus the odd number) and the bottom team is playing at home.
Jeff Gordon has been reporting and writing since 1977. His most recent work has appeared on websites such as eHow, GolfLink, Ask Men, Open Sports, Fox Sports and MSN. He has previously written for publications such as "The Sporting News" and "The Hockey News." He graduated from the University of Missouri-Columbia School of Journalism in 1979 with a bachelor's degree.
Absolutely. When the lines go up for the NFL, or for the first game of the NCAA men’s basketball tournament, there are several days in between the open and the game itself where movement can take place. You’ll find that the betting public tends to pile in on their favorite teams once they get home from work on Friday. You can anticipate these line movements and time your bet accordingly to take advantage.
For example, in a cricket match a sports spread betting firm may list the spread of a team’s predicted runs at 340 – 350. The gambler can elect to ‘buy’ at 350 if they think the team will score more than 350 runs in total, or sell at 340 if they think the team will score less than 340. If the gambler elects to buy at 350 and the team scores 400 runs in total, the gambler will have won 50 unit points multiplied by their initial stake. But if the team only scores 300 runs then the gambler will have lost 50 unit points multiplied by their initial stake.
If you'd rather not deal with point spreads, you can do a "Money Line" wager, which is whether the team/player you bet on wins or loses. You will see "Hawaii Tech +150 or Alaska Tech -140". This means if you bet on Hawaii Tech, if you bet $100, you would profit $150 (returns $250), while to win $100 on Alaska Tech, you must put up $140. Those ratios work whether you're betting $100, $10, or any other multiple of money.
The house vigorish - and your chances of winning - get worse with the more teams you add. So while some sportsbooks will let you place a 15-teamer with astronomical odds, you probably have a better chance of being struck by lighting - twice - before winning one. You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers.
If a team favored by six points wins by exactly six points, the outcome is considered a "push" and the bettors get their money back, minus the bookmaker's commission. To reduce the number of pushes, oddsmakers often set spreads with half-points. So if the Cowboys are 3 1/2- or 3.5-point favorites over the Giants, they must prevail by four or more points to pay winning bets.
*Betting $110 to win $100 obviously is not an even bet. The extra $10 (or 10%) is the sportsbook’s commission, also known as the vigorish or juice. This commission is reduced to 5% with 5Dimes and other reduced juice books, but this commission is found everywhere. You are given this back when you win, but is obviously kept by the house when you lose.
Remember that betting on NFL games with an online sportsbook or offline is not legal in all jurisdictions. So if you are planning on using FootballLOCKS.com's NFL selections to gamble on various NFL games, such as betting the NFL Super Bowl spread with an online NFL sportsbook, it might be wise to check if NFL gambling is legal in your specific jurisdiction.