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For beginning sports gamblers, moneylines (sometimes called money lines or American odds) can be confusing. Unlike point spreads, which are concerned with who wins and by how much, a moneyline is solely dependent upon who wins. Moneylines are used most commonly in low-scoring games like baseball or hockey, but they may also be used in boxing and other sports.
While the National Basketball Association (NBA) was once active in preventing sports betting law relaxation, current NBA Commissioner Adam Silver became the first major sports leader to break from previous administrative opposition to gambling. In 2014 he stated in a New York Times op-ed, "I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated."[44] In 2017, with support for legalization growing, he confirmed his belief that "legalized sports betting is inevitable".[45]
The main purpose of placing a wager on a game or event is to win money. That is what drives the industry and it's what has both amateur and pro bettors competing amongst themselves to prove who the best handicapper is. If you ever find yourself placing a bet with the expectation of losing, you are in the wrong business. Whether you can believe it or not, sportsbook place bets from time to time with the expectation losing in order to secure a profit. This term is called the "layoff" Read More >>
Once you understand how the NFL point spread works, you can make smarter choices when it comes to your NFL picks. The most important takeaway: It’s not you against the bookie. Think of NFL spread betting in terms of a marketplace, where customers tend to overvalue some teams and undervalue others. Figure out which teams those are, and you’ll find where the profit margin is.
The point spread is the projected number of points that separate two teams.  A game with a spread will have a favorite (the team expected to win) and an underdog (the team expected to lose).  A favorite “gives” points and is identified with a minus sign next to their point spread.  The underdog “gets” points and is identified with a plus sign next to their point spread.
As soon as time runs out on the Super Bowl game this year, there are odds available on who will win next year. Wagers on a future event are known as NFL futures. Oddsmakers adjust lines during the year, depending on the strength or weakness of teams, then offer wagers on each team to win. For example, a league's top team may be +150 to win the championship. That means a $100 wager would pay $150 profit. However, a poor team might be +3000, indicating it is not expected to win and a $100 wager would pay $3,000 as a huge longshot. They can be profitable but also take a long time to settle the bet.
Also known as NFL OVER/UNDER betting, the total is the number set by sportsbooks that estimates the total number of points scored by both teams combined. Bettors then must predict whether there will be more or fewer points than the NFL “total.” If you bet the 37.5 UNDER, you are hoping for a defensive battle and predicting the offenses to struggle. If you bet the 37.5 OVER, you are hoping this will be a high-scoring game.
Now for American Style Sports Odds. Typically, when you are betting on the point spread, as in topic #1 above, the odds are displayed or implied to be (-110), which is known as American Style odds. The American Style odds format is based on $100. When the number, is displayed as a negative number (-110), it indicates how much money you must risk to realize a profit of $100. In our scenario, you must wager $110 to win $100 profit. If you do, you will receive $210 when you cash in…the winning amount PLUS your initial wager amount.

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This is a very common occurrence in sports betting and sportsbooks have the full right to shift the spread or odds for any given match prior to it starting. Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted.
Once you understand how the NFL point spread works, you can make smarter choices when it comes to your NFL picks. The most important takeaway: It’s not you against the bookie. Think of NFL spread betting in terms of a marketplace, where customers tend to overvalue some teams and undervalue others. Figure out which teams those are, and you’ll find where the profit margin is.
Betting “against the spread” (ATS) just means you’re betting on the point spread in a particular matchup as opposed to the moneyline, or some other type of wager. Bettors often use a team’s ATS record to gauge its performance against the spread. For example, the New England Patriots were 11-5 ATS in the 2017 regular season, meaning they covered the posted point spread 11 times, and failed to cover five times.
We hope this short beginner’s guide to understanding and interpreting odds will give you the confidence to get out there and start making winning bets.  Our experts are here to help you on this journey, so do not hesitate to contact us with any questions you have about sports betting!  We have only scratched the surface on reading betting lines, but this is an excellent place to start.
In most cases, the favorite will be the team with a negative moneyline (in some cases both teams can have a negative moneyline if they are both closely matched). A line of -160 means that you would have to bet $160 to win your base amount of $100. A team with a moneyline of -130 wouldn't be favored nearly as strongly as a team with a moneyline of -330.
In February 2011, FDU's PublicMind released a poll which showed that half (55%) of voters agreed "that people bet on sports games anyway, so government should allow it and tax it." On the other hand, approximately (37%) of New Jersey voters concurred that betting on sports is "a bad idea because it promotes too much gambling and can corrupt sports." Again, by a significant margin (70%-26%), voters who already engage in sports betting in office pools tend to be more supportive of legal sports betting than other voters.[11]
Donald Hoover, FDU professor in International School of Hospitality and Tourism Management and former casino executive commented on the results, "Betting on sports is not an uncommon practice for many New Jerseyans, but for the most part, the state doesn't supervise it, doesn't tax it and doesn't take any revenue from it."[12] In 2010 a national poll showed that voters opposed sports betting in all states by a margin of 53-39. Woolley commented on the results, "If some states allow sports betting and profit by it, other states will want to follow."[13] Yet by December 2011, after New Jersey passed its sports betting referendum, the national measure shifted to 42-42.[8] In January 2012, New Jersey Governor Chris Christie signed legislation allowing sports betting in the state after it was approved in a nonbinding voter referendum in 2011. He announced on May 24, 2012 that he planned to go ahead and set up a system of wagering at the state's racetracks and casinos that fall, before the National Football League season ended.[14]
To understand what the "limit" means in sports betting, you need to think about the limit we follow every day in our life - the speed limit. Speed limits are set in place to ensure the safety of everyone driving on the road. If everyone does the same speed, the less likely it is for a crash to occur. If you go above the limit, you are putting others in danger, not only on the road in cars, but pedestrians as well. They are in place for a reason, which is to control the way people act. The same can be said with the limits set by a sportsbook. They are in place to reduce any potential damage the books may suffer and keep bettors under their control. Read More >>
When the point spread was invented in Chicago by Charles McNeil the money line took a backseat. When two unevenly matched teams played, the playing field was leveled by having the favorite give points (for example Chicago Bears –7) while the underdog got points (Minnesota Vikings +7). No matter which team the bettor took the bettor would always risk $110 to win $100. The extra $10 needed to win $100 is called the juice or the vig, it is basically the house’s or the bookie’s take. It’s 10-percent of the bet so it would take $33 to return $30 and $440 to return $400 etc. (winning bettors get the vig back).
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.
Here's an example: Imagine that using the money line above with the White Sox and the Astros, you want to win about $100. If you place your bet on the favored White Sox, you will pay the bookie $120. If you win, you get your $120 back, plus $100 in winnings. If you lose, the bookie keeps your $120 (technically, bookies collect on losing bets after the game most of the time, but for our example we'll assume the bet is prepaid). If you bet $100 on the Astros, you'll get $110 in winnings if they win, and only lose $100 if they lose.
The most common way to bet football is against the pointspread (ATS), often called a side bet. This involves making a wager on either the favorite or the underdog. For example, Team A is a 7-point favorite (-7) against Team B, making Team B a 7-point underdog (+7). If you bet on Team A, it must win by more than seven points for you to win your bet. Conversely, if you bet on Team B, it must lose by less than seven points for you to win your bet. Of course, if Team B wins outright, you also win your bet. If Team A wins by exactly seven points, your bet pushes and your wager is refunded.

If bettors were quick to jump on the Atlanta line at +4.5 when it first came out, they would have a distinct advantage over those who waited closer to kick off and were stuck with +2.5. The opposite holds true for Carolina. Bettors that were quick to pull the trigger are now laying two more points than they would if they were patient and saw the line movement before making their move.


To understand what the "limit" means in sports betting, you need to think about the limit we follow every day in our life - the speed limit. Speed limits are set in place to ensure the safety of everyone driving on the road. If everyone does the same speed, the less likely it is for a crash to occur. If you go above the limit, you are putting others in danger, not only on the road in cars, but pedestrians as well. They are in place for a reason, which is to control the way people act. The same can be said with the limits set by a sportsbook. They are in place to reduce any potential damage the books may suffer and keep bettors under their control. Read More >>
The defensive overall rankings are also important as well in order to see how the team is able to handle any type of offense that it plays against. You can also separate the offensive and defensive rankings to run and pass.  For instance, if a team has a great rush defense but a porous pass defense and they are playing against a pass happy team, it will a lopsided match-up, in which the run defense will not play as big of a part of the game.
I’ve titled this Sports Betting For Dummies. It’s a tutorial for those who want to start betting on sports or those who want to gain a better understanding of some of the terminology and theory behind it. We’ve all been in the position of learning something new, so please don’t be embarrassed if you don’t grasp these concepts. Instead, contact me via the form at the bottom of this page, and I’ll help you in any way I can.
If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the odds are changing while the event unfolds. Odds tell you the likelihood that an event will occur (a team wins, a boxer makes it a certain round) and how much will be paid out if you win. There are, however, multiple ways to convey this information.
That was all before Charles McNeil, a math teacher from Chicago, invented the concept of the point spread. An avid gambler, McNeil created what he called “wholesaling odds” and started his own bookmaking operation in the 1940s. He started out offering this new style of betting on football, but his business model grew to include basketball.  McNeil changed the way sports betting was done, and his legacy lives on today in what we now call the point spread.
The team that has the minus sign, which is the favorite, has points deducted from its final score, while the dog, with the plus sign, has points added. The favorite must beat the spread, which means they have to win by more than the negative number to pay off. The underdog pays off in two instances—if they win outright or if they lose by less than the spread.

In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100. If you bet $110 on the underdog 49ers you will win $100 if they win outright or lose by less than the three-point spread. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back.


Understanding NFL betting lines is just the first step towards making profits with football wagering. Once you've got the basics down, it's important to continue learning sports betting strategy to improve your long-term chances of winning. If you're able to win more than 52.4% of the time, you'll be well on your way towards being a profitable NFL bettor.

Proposition bets are wagers made on a very specific outcome of a match not related to the final score, usually of a statistical nature. Examples include predicting the number of goals a star player scores in an association football match, betting whether a player will run for a certain number of yards in an American football game, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team.
The second number in our example (-110 for both teams) tells you how much you have to wager in order to win $100. It’s an easy way to calculate how much you’ll win if your bet pays off, presented in units of $100 at a time for simplicity’s sake. Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit. If a book gets a single bet of $110 (by a customer hoping to win $100) on the Cowboys and a single bet of $110 on the Giants, it will have taken in $220, but will only have to pay back $210 to whichever customer wins the bet. That’s a guaranteed profit of $10, and since sportsbooks take far more than a single bet in either direction, they stand to earn that seemingly small amount of profit many times over. The $10 difference between what you wager and what you win is known as juice or vig in the sports betting industry, and it’s the way books earn their bread and butter.
In 2012, despite federal law preventions, the state legislature of New Jersey and Governor Chris Christie signed a law that would allow sports betting to take place in New Jersey race tracks and Atlantic City casinos.[15] In August 2012, Fairleigh Dickinson University's PublicMind conducted a study on the issue. Voters were asked whether New Jersey should allow sports betting even if federal law prevents it from doing so, or wait to allow sports betting until federal law permits it. Results showed that nearly half (45%) of voters wanted to allow sports betting, while (38%) decided to wait and allow sports betting once Congress allows it. Krista Jenkins, director of the poll, commented, "Although support is not overwhelming, these numbers suggest the public is cautiously behind the goal of moving forward with legalized sports betting."[16]
The Cronje Affair was an India-South Africa Cricket match fixing scandal that went public in 2000.[57] It began in 1996 when the-then captain of the South African national cricket team, Hansie Cronje, was convinced by Mukesh "John" Gupta, an Indian bookmaker, to throw a match during a Test in Kanpur, India. The scheme was discovered when Delhi police recorded illegal dealings between Indian bookmaker Sanjay Chawla and Cronje. According to the Telegraph in 2010, Cronje was paid off a total of £65,000 from Gupta.[58]
Money Line: More common in baseball and hockey, pro football moneylines are growing in popularity. There is no spread, so your team just needs to win the game, not win by a certain number of points. The negative value means a favorite (-190) and a positive one indicates an underdog (+170). Picture the number 100 sitting in between these two values. Example: if you want to pick a -190 favorite, you must risk $190 in order to win $100. To back a +170 underdog, you put up $100 and win $170 if the dog wins. In some cases, betting moneylines is actually better value and can provide a bigger profit for less risk.
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