If your sports betting experience consists mostly of office pools during March Madness or a casual wager between you and a friend while you watch the Super Bowl, the transition to serious sports betting means learning how to read betting lines. The biggest difference between making the kind of casual bets mentioned above and placing wagers with online sportsbooks or at brick-and-mortar bookshops is the use of sports betting lines. Casual wagers usually involve each person in the bet picking one team to win, then wagering an equal amount, say $20 or $30. Professional bookmakers, online sports betting exchanges, and sports betting facilities in casinos have a more complex system for offering wagers on sporting events, in part to ensure profit on the part of the book, and in part to present a standardized representation of odds.
Conversely, in most other countries financial spread betting income is considered taxable. For example, the Australian Tax Office issued a decision in March 2010 saying "Yes, the gains from financial spread betting are assessable income under section 6-5 or section 15-15 of the ITAA 1997".[6] Similarly, any losses on the spread betting contracts are deductible. This has resulted in a much lower interest in financial spread betting in those countries.
Generally, the number next to the spread is “-110”. This is what’s known as the juice, vig or odds. The juice is a fraction of the wager taken from the bettor if the bet wins. In this instance, a winning wager of $110 will yield a profit of $100.The example above demonstrates that, although Indianapolis won the contest, Tennessee covered the spread by losing by less than nine points. An important aspect of sports betting is capturing the best line possible. A great way to achieve this is by shopping for the best line.
It’s never too early for a 2019 NFL Draft projection! As the 2018 NFL season winds down, the crux of next spring’s draft order is coming into focus. Will the Oakland Raiders or Arizona Cardinals pick at No. 1? Is Ohio State pass rusher Nick Bosa, coming off an injury, a lock to be the first pick in draft? Will the Giants take Eli Manning’s successor, or continue to add to the roster around the veteran? Can the Jets find help for young signal caller Sam Darnold? Here’s the latest first-round projection for the 2019 NFL Draft.

This is a very common occurrence throughout the sports betting industry. Sportsbooks have the right to shift the spread or odds for any given match prior to it starting. Many factors play a huge role in this decision, and they include injuries, weather, the volume of bets on one side, and anything in between. Depending on the time you place your wager, the bettor may also have an advantage or disadvantage based on which way the spread has shifted.

Obviously, the first three letters on the top two lines of the three-line package of symbols represents a team in the game you’re wagering on; NYG stands for the New York Giants, while DAL stands for the Dallas Cowboys. The number next to each team’s name is known as the spread or the point spread. Wagers on the point spread are among the most popular sports wagers in the world. The reason this wager is popular is that it doesn’t matter which team wins or loses; what matters is the amount of points the teams score, and whether or not the team you place your money on beats the difference in points (the ‘spread’) or not.

The rule against gambling in baseball is known as "Rule 21," which is publicly posted on dugout walls and states: "Any player, umpire, or club or league official or employee, who shall bet any sum whatsoever on any baseball game in connection with which the bettor has a duty to perform shall be declared permanently ineligible." People permanently banned from Major League Baseball are also forever banned from entry into the Baseball Hall of Fame, although most such people have been reinstated a few years later by a later Commissioner of Baseball. For instance, Mickey Mantle and Willie Mays were both banned from baseball in 1983 after taking jobs as casino greeters (which would have expelled them from the Hall of Fame had it been allowed to stand); they were reinstated two years later. Only Rose has yet to be reinstated.

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.
Sometimes the decimal point is left out, so 120 is the same as 1.20. If you want to bet on the favored team, the White Sox, you have to bet $1.20 for every $1 you want to win. If you want to bet on the underdog Astros, you have to bet $1 for every $1.10 you want to win. This is known as the dime line, because ten cents separate the favorite from the underdog. Most bookies offer a dime line, although it can increase to a 20 cent line or greater if one team is heavily favored.

Spreads are frequently, though not always, specified in half-point fractions to eliminate the possibility of a tie, known as a push. In the event of a push, the game is considered no action, and no money is won or lost. However, this is not a desirable outcome for the sports book, as they are forced to refund every bet, and although both the book and its bettors will be even, if the cost of overhead is taken into account, the book has actually lost money by taking bets on the event. Sports books are generally permitted to state "ties win" or "ties lose" to avoid the necessity of refunding every bet.
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What this spread means is that, for the purposes of wagering, the Chargers will have 3.5 points deducted from their final score. For a bet on them to be successful, they would therefore have to win by four points or more. The Colts, on the other hand, will have 3.5 points added to their final score. A bet on them would be successful if they won the game, or lost by 3 points or less.

So the sportsbooks and bookies created a point spread to make both teams equally attractive in the eyes of bettors. Carolina was installed as a 6-point favorite, which is commonly written as Carolina -6. Denver, the underdog, is commonly written as Denver +6. In other words, Denver would be credited with whatever points they actually scored — plus six. If you bet the favorite, the Panthers would have to win by 7 points or more for you to win your wager. And remember, the Panthers are favored by 6 points, so we have to subtract 6 points from their final score for betting purposes.


For starters, you will need somewhere to place bets.  If you are in Vegas, great!  You can bet at one of the sportsbooks in their casinos.  As more and more states pass laws to legalize sports betting, you will also be able to place wagers at local casinos in your area.  You could also find a local bookie to bet through, but we recommend betting online.
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.
If you've ever made a full-game bet that was completely toast by half time, I will assume you know all about the half time bet. If you are one of the lucky few who don't know what that feeling is like, a half time bet allows you to wager on the outcome of the second half on any particular game - regardless of what happened in the first half. If you look hard enough and focus in on one or two games, you can often find a line that offers more value than you would normally find on a full game line because the line is soft. Read More >>
When reading college football odds, the first thing you will see on the left is the time and date of the game. Next, you’ll see two numbers and the team names. Each team is assigned a rotation number. These numbers are standard on all sportsbooks and do a few things. First, it creates a certain order for the games as each matchup is listed in numerical order. The other thing the number does is it allows bettors to refer to the game and team without having to mention the team name or anything else.
In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. 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.
So how do you win? At the end of the first quarter, halftime, third quarter, and final score whatever the score is will be awarded to the person who owns that square. If the score is 17-10 at the half with the home team winning, the person with the squares of 7 and 0 would win that portion of the game. Having the squares 0 and 7 would not help because it would be assigned to the wrong teams. Usually the total money is divided by 5, and is paid out as follows. 1st quarter, Halftime, and 3rd quarter all get a 1/5 of the total bank and the Final Score doubles this to 2/5. So if you were involved on a $5 dollar pool and all 100 squares were filled that would be $500 to be paid out. With that number you would get paid $200 for final score and $100 for all other scores.
“In the event that internet gaming is authorized within the State, the State and the Tribe agree that they will reopen good faith negotiations to evaluate the impact, if any, of internet gaming and consider adjustments to the Compact. The parties understand and agree that it is not possible to determine at this time what, if any, adjustments to the Compact would be necessary.”

If you've never set foot in an actual sportsbook before or logged into an online sportsbook, the chances of you getting overwhelmed when you actually do is very high. In an actual Las Vegas sportsbook, there is typically a lot of commotion and the odds and lines are displayed on a massive digital board for everyone to see. When a novice sports bettor looks at the massive digital signage, they will see a bunch of numbers, both positive and negative, some two digits, some three digits. They also won't have a clue what any of it means. The same can be said for the online sportsbooks. It looks like a massive spreadsheet with negative and positive numbers beside each teams' name. Read More >>


When reading college football odds, the first thing you will see on the left is the time and date of the game. Next, you’ll see two numbers and the team names. Each team is assigned a rotation number. These numbers are standard on all sportsbooks and do a few things. First, it creates a certain order for the games as each matchup is listed in numerical order. The other thing the number does is it allows bettors to refer to the game and team without having to mention the team name or anything else.
While home field advantage may be a sports term, it can also be linked to your house, your route to work, or even a trip to a familiar grocery store. Think about this for a second. If you've ever hosted a party at your house, you know where everything is and you would have free reign to go into any cupboard, drawer or room you that you please. That would be an example of home-house advantage. If you've ever gone to an unfamiliar grocery store (maybe you weren't around town but you needed to make a pit stop), it is going to take you a while to find exactly what it is you are looking for. Read More >>
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.
A point spread (or line) is a tool used by sportsbooks to attract wagers on both sides of a game. The line is most commonly used in football and basketball games. Because it’s rare for two teams in a pro sports game to be completely evenly-matched, one team will have an advantage, another will be seen as the underdog. The point spread is the handicap offered to the underdog to level the playing field, so to speak.

Moneyline (ML) – form of wagering typically used in baseball and hockey, which replaces the point spread, but also popular in basketball especially for picking underdogs. The team you choose only has to win the game, not win by a certain number of points. The negative value still indicates the favorite (-150) and the positive value indicates the underdog (+130). It's easiest to picture the number 100 sitting in the middle of these two values. For example, if you want to bet a -150 favorite, you would wager $150 in order to win $100. On the underdog, you would risk $100 and win $130 if the underdog wins. It's a simple way to have the risk-reward scenario.
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