Using the Patriots-Rams Super Bowl matchup as our example, the Patriots are listed by most sportsbooks as a 2.5-point favorite. The Patriots are listed at -2.5, while the Rams are listed at +2.5. If you bet on the Patriots to cover the spread and they win by three points or more, you win. If you bet on the Rams to cover the spread and they lost by less than three points or win the game, you win.
If the bookmaker was only confident enough to give Seattle a field goal’s lead on the Patriots, it was clearly going to be a tight game. Oddsmakers aren’t often that wrong about flagship games like the Super Bowl. All things being equal, it’s likely the betting public would have taken the Seahawks to win the game and have been done with it. But throw in the point spread that gave the Patriots 2.5 points, and the proposition seems more equal.

According to an article in The Times dated 10 April 2009, approximately 30,000 spread bet accounts were opened in the previous year, and that the largest study of gambling in the UK on behalf of the Gambling Commission found that serious problems developed in almost 15% of spread betters compared to 1% of other gambling.[7] A report from Cass Business School found that only 1 in 5 gamblers ends up a winner.[8] As noted in the report, this corresponds to the same ratio of successful gamblers in regular trading.[9] Evidence from spread betting firms themselves actually put this closer to being 1 in 10 traders as being profitable, with a high number of clients suffering from the volatility that is supposed to be one of the benefits of spread betting.[citation needed]
Firstly you really need to understand the basics of what sports betting is all about, and what's involved with placing wagers. These basics are relatively straightforward, so thankfully it doesn't take long to get up to speed. It's definitely advisable to familiarize yourself with them though. Our beginner's guide to sports betting is the perfect resource for this. Here's a selection of some of the topics it covers.
There are very few (if any)people in this world that have the ability to predict the future. I'm thinking maybe some of the prophets who lived hundreds of years ago and maybe the person who writes for The Simpsons since they seem to get every world event nearly spot on. Sports bettors like to think they are in that class which is why sportsbooks give bettors the option to place a Future Bet. A future bet is a bet that is made well in advance of the culmination of any sporting season or world event that is set to occur - think Super Bowl and thePresidential Election. Read More >>
The process of sports betting is nowadays better regulated and therefore a lot safer. The perception in society is also getting better and better. There are several reasons for this. On the one hand, the legalisation of online sports betting made it clear that this industry is no longer run by criminal gangs. In addition, many people recognized the irony that although they liked to play the lottery or participate in other lotteries, they still considered sports betting too risky, although they have the better chances of winning. The market was free and better controlled, the state lost its monopoly on gambling and betting providers could advertise for themselves. Now that the bookmakers were represented on television or on posters by prominent faces, the perception changed even faster. The opportunity to now also place sports bets via the Internet drew the attention of many people interested in sports. You no longer had to go to a betting office, but could place bets from the comfort of your own home, on the bus, outside with friends or in a pub.
Using an online sports betting site is far and away the best way to bet on football, or any sport for that matter. It's the most convenient and accessible option, and there are several other advantages too. Best of all, it's legal in the United States. There are some laws against online gambling in the US, but these mostly apply to companies and individuals providing gambling services. There's no law that states it's illegal to use a gambling site of any kind, so Americans are at liberty to place football bets online if they so choose. We've written the following page explaining things in more detail for those interested, or you can just keep reading for a quick guide to getting started online.
Essentially, a moneyline bet is a bet on which team is going to win the game. There is no point spread or other handicap for either team, so if you pick a team and it scores more points than the other team then you win. Obviously there has to be a catch, though, or the bet would be way too simple. The sportsbooks balance their risk by setting different prices on each team. You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog. The stronger the favorite the less you will win, and vice versa.
Spread – also known as the line or point spread, it is generally thought of as the predicted margin of victory for one team. In reality, it's a number chosen by the oddsmaker that he feels will encourage an equal number of people to wager on the football underdog and the pigskin favorite. The negative value -13.5 indicates that team is favored by 13.5 points. The positive value +13.5 indicates that team is the underdog by 13.5 points. Betting on the favorite means the team must win by at least fourteen points to cover the spread. The underdog team can lose by thirteen points and still cover the spread.
We already mentioned how using multiple betting sites allows you to take advantage of multiple bonus offers. That's not the only benefit either. Since point spreads vary between sites, one of the best ways to beat these wagers is to compare the different spreads in order to find which one is the most favorable. This doesn't take nearly as long as you might think, and it will make a huge difference to your bottom line over time.
If both bets are correct you would win approximately 2.5 to 1. The odds for parlays are different at different sports books. If you make a parlay with 10 teams you might get paid around 70 to 1 or better depending on the sports book. Winning one game is difficult enough and parlays are very difficult to win. There’s a reason the payouts are so high.
Many of the leading gambling bookmakers from the 1930s to the 1960s got their start during the prohibition era of the 1920s. They were often descendants of the influx of immigrants coming into the USA at this time. Although the common stereotype is that these bookies were of Italian descent, many leading bookies were of eastern European ancestry.[4]
We would further note that the revenue-sharing provisions in the Gaming Compact are premised on the receipt by tribes of substantial exclusivity in the operation of class III gaming in the state. The idea that other persons must be allowed to offer a class III gaming activity in order for the tribes to offer it contradicts the substantial exclusivity bargained for in the Gaming Compact.
For example, in NFL wagering you’ll have a pool of 12-14 quarterbacks, running backs, etc. and you can choose who will have the most fantasy points, 2nd most fantasy points, 3rd most fantasy points. Each player starts the week with certain odds that change as money wagered on different players. Your payout is based on the closing odds like parimutuel horse wagering.

Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.
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 pool host will then try to sell each square on the chart, usually ranging from $5-$100, depending on the type of clientele buying the squares. After all the squares have been sold, each box is then assigned at random so that everyone has a fair chance to get a coveted square. Another method some pool hosts use is to have all the entrants write their names down inside a single square of their liking on the blank 100 square pool sheet and then use 10 cards (Ace through Nine) to randomly draw the numbers at the top and side of the pool sheet.
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Have you ever skimmed through the baseball or hockey results and thought to yourself "wow the 'over' was the play of the night since it hit in 10 games?" If you have and are kicking yourself for not playing every one of those games, this Grand Salami bet is the bet for you. The Grand Salami is not a massive delicatessen but rather a bet in which you must correctly guess the 'over/under' of the total number of runs or goals produced in every single game combined on any one given day. Read More >>
When you bet on the money line, you are betting on one side to simply win. Any time you see a money line, the minus sign (-) indicates the favorite while the plus sign (+) indicates the underdog. For example: Chicago Bears –240 vs. Minnesota Vikings +210. Using $100 as the base, it will take $240 wagered on the Chicago Bears to win $100. For a bettor wagering on the underdog Minnesota Vikings in this scenario, $100 will win $210. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you.
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.
The pool host will then try to sell each square on the chart, usually ranging from $5-$100, depending on the type of clientele buying the squares. After all the squares have been sold, each box is then assigned at random so that everyone has a fair chance to get a coveted square. Another method some pool hosts use is to have all the entrants write their names down inside a single square of their liking on the blank 100 square pool sheet and then use 10 cards (Ace through Nine) to randomly draw the numbers at the top and side of the pool sheet.
The level of the gambler’s profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler’s bet level. This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected.
Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.

For all the talk of new forms of wagering, the good old point spread remains the bet of choice for most NFL fans. Also known as the line or spread, the myth is that Las Vegas sets the point spread as its predicted margin of victory for one team. In reality, it's a number chosen by oddsmakers that will encourage an equal number of people to wager on the underdog as on the favorite. The negative value (-3.5) indicates that team is favored by 3.5 points. The positive value (+3.5) indicates that team is the underdog by 3.5 points. Betting on the favorite means the team must win by at least four points to cover the point spread. The underdog team can lose by three points and still cover the spread. You will also notice a moneyline value associated with the point spread (such as -3.5, -115). This indicates how much you must risk in order to book the bet (also known as the vig or juice). It means you have to risk $115 to win $100. The underdog may see a value such as +3.5, +105. This means you risk $100 to win $105 if your team covers the spread. The spread is not a static number, so you will notice line moves during the week. Team A may be favored by 3 points on Tuesday and by 4.5 points on Friday. This indicates more people are betting on them, so Las Vegas increases the underdog value hoping to encourage more wagers on the underdog.


Major League Soccer (MLS) the top soccer league in the United States and Canada has expressed sports betting as a possible way to gain popularity. Commissioner Don Garber has stated about sports gambling, " We have a project going on now to really dig in deeply and understand it. I’ll join the chorus of saying it’s time to bring it out of the dark ages. We’re doing what we can to figure out how to manage that effectively."[49]
Many people will say that the odds on a spread bet are even, paying 1:1. But this is not true. The actual odds are 0.90:1. For every dollar bet, you can win 90 cents. When checking out the spread, you’ll usually see a number listed next to each spread. That number, which is your stake, is posted as -110. This number tells you how much you have to bet to win $100. If you put $110 on either team, you stand to win $100. If you bet $11.00, you can win $10.00. Every NFL point spread works this way.
To win $100 dollars wagering on the New York Giants one must lay $600. Whereas, a $100 bet on the Dallas Cowboys earns a profit of $450. Due to the high risk and low reward presented by betting on the NY Giants, bettors may choose to fade, or go against them, and place a smaller wager on the Cowboys. The Cowboys did indeed win this Week 10 shocker at the New Meadowlands by a score of 33-20.
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]
Machine learning models can make predictions in real time based on data from numerous disparate sources, such as player performance, weather, fan sentiment, etc. Some models have shown accuracy slightly higher than domain experts.[61] These models require a large amount of data that is comparable and well organized prior to analysis, which makes them particularly well suited to predicting the outcome of Esports matches, where large amounts of well structured data is available.[citation needed]
Teasers are similar to parlays except the point spread on each game moves a certain number of points in the player's favor. In football the player gets 6 to 7 points, and in basketball, 4 to 5 points. The player pays for this in the form of much lower winnings. For example, if the Vikings were part of a 6-point teaser, then they would only need to win by more than 4 points to cover. If the Rams were part of a teaser, they could win, or lose by less than 16, and cover.

For example, the Golden State money line above is listed at -340 odds. Using the same principles we just discussed, $340 needs to be bet in order to win $100. Again, this is just the bet to winnings ratio - $34 will win $10, $17 will win $5, $20 will win $5.88, etc. This may seem unfair at first but it is logical. The Warriors are by far the best team in the league and have a much better chance of winning the game. Therefore, sportsbooks even this out by placing the odds at a high price for bettors to win a little.
Have you ever skimmed through the baseball or hockey results and thought to yourself "wow the 'over' was the play of the night since it hit in 10 games?" If you have and are kicking yourself for not playing every one of those games, this Grand Salami bet is the bet for you. The Grand Salami is not a massive delicatessen but rather a bet in which you must correctly guess the 'over/under' of the total number of runs or goals produced in every single game combined on any one given day. Read More >>
One important assumption is that to be credited with a win, either team only needs to win by the minimum of the rules of the game, without regard to the margin of victory. This implies that teams in a winning position will not necessarily try to extend their margin—and more importantly, each team is only playing to win rather than to beat the point spread. This assumption does not necessarily hold in all situations. For example, at the end of a season, the total points scored by a team can affect future events such as playoff seeding and positioning for the amateur draft, and teams may "run up" the score in such situations. In virtually all sports, players and other on-field contributors are forbidden from being involved in sports betting and thus have no incentive to consider the point spread during play; any attempt to manipulate the outcome of a game for gambling purposes would be considered match fixing, and the penalty is typically a lifetime banishment from the sport, such is the lack of tolerance for gambling in sport.
Easily the most popular type of betting for NFL football is “spread” betting or more commonly known as betting against the spread. Bettors who are new to NFL betting or betting in general may be a little confused with NFL spread betting, but it is pretty easy to understand once it is explained to you. We will explain what betting against the spread means below.
Once the Southeastern Conference gets going on Labor Day weekend, people can bet on the outcome of each game. Or they can make proposition bets on who wins the coin toss, which team will score first and whether the first points will come from a touchdown or a field goal. With proposition bets, fans don’t have to wait until the end of the game to win or lose.
If you’re going to bet on college football odds, it’s essential to understand each aspect of odds listing, including the rotation number, point spread, moneyline and over/under. You’ll often find different terms used to describe these with the rotation number called the number, point spread shortened to spread, moneyline to line and over/under simply called the total. These are all lumped together under the term odds.

The true purpose of a pointspread when it is released by any sportsbook is to try and attract an equal amount of betting action on either side of a matchup. If all the early money is flooding in on New England as the favorite with a seven point spread, the betting outlet handling this action is likely to move that betting spread to 7.5 points to try and attract some money towards Miami as the underdog.
Hello! I'm Stephen and am the creator of Fast Break Bets. I'm a young Chicagoan with a huge passion for sports betting and analytics. My interest in betting started back in 2011, and I have been studying models and strategies ever since. Fast Break Bets launched in 2015 to primarily help others become a successful sports bettor and share my models' projections. So browse around, follow @FastBreakBets on Twitter, and feel free to ask me a question!

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.

The first number (56.5 in our sample line) is the book’s predicted total score, while the second number (110 in our Giants/Cowboys rivalry game) is how much a punter has to bet in order to win $100. If you were to bet the over-under on this game, you’ll have to decide whether you think the combined score of both teams will be higher or lower than the number put up by the book. Let’s say you bet the over, assuming the game will be a shootout between two talented offenses, you’re hoping that the final score will be anything that totals 57 or more. It could be Dallas 54, New York 3, or any other point combination that adds up to 57 or more and your bet will win. Betting the under means that the two teams cannot score more than 56 points combined, or else you lose your bet.

Once you have found the right betting provider and deposited money, there is usually a bonus on the deposited amount. Then you can already place your first bets. But before it comes to that, you should have a look at the website. The offer of the betting providers does not only refer to bets, but also to sports news as well as tips and tricks for successful bets. This information should definitely be read in peace, then you can make the first bet targeted. This step reveals how extensive the bookmakers' platforms are. On average, betting providers manage around forty different sports. The offer ranges from football to Formula 1 and surfing. For each sport several countries, leagues and competitions have to be selected. In football, for example, there are European national leagues such as the German Bundesliga, the DFB Cup or the English Premier League, international competitions such as the Champions League and national championships, i.e. the European Championship and the World Cup. This exists for women and men as well as for almost all countries in the world. So there are numerous possibilities at games, races or competitions on which you can place bets.
Thanks to the modern language and a constantly updated Webster's dictionary, there is a word for pretty much anything you can think of. Furthermore, every study, no matter the obscurity has its own word to describe the resident expert. You know, words like paleontologist, botanist, astrologer, just to name a few. In the sports betting world, there are a few words that can be used to describe serious bettors who spend most of their time breaking down bets and looking for advantages that give them the best chance at winning their wager. The word I want to focus on right now is "handicapper". Read More >>

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.


Sometimes with NFL odds you’ll see a spread posted as a whole number. Decimals or fractions are usually utilized to ensure there won’t be a tie. If in our example the spread was reset to 10 with the Colts favored and they win by 10, then the game is considered to be a tie, which in betting terms is called a push. If there is a push all bets are off and the sportsbooks return all wagers back to the bettors.

Using the Patriots-Rams Super Bowl matchup as our example, the Patriots are listed by most sportsbooks as a 2.5-point favorite. The Patriots are listed at -2.5, while the Rams are listed at +2.5. If you bet on the Patriots to cover the spread and they win by three points or more, you win. If you bet on the Rams to cover the spread and they lost by less than three points or win the game, you win.
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