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.
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.
Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises. The term "book" is a reference to the books used by wagebrokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Illegal bookies, due to the nature of their business, can operate anywhere but only require money from losing bettors and don't require the wagered money up front, creating the possibility of debt to the bookie from the bettor. This creates a number of other criminal elements, thus furthering their illegality.
For example, a negative value (-11.5) next to a team indicates that they are favored by that many points. So you must deduct 11.5 points from their score to determine if they won the game or not. On the other hand, a positive value on the same game (+11.5) means the underdog starts with an 11.5-point lead before the game even begins. In NFL betting, the favorite must win by 12 points or more to cover the NFL spread. The underdog is able to lose by 11 points and still cover the spread.
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.
On June 11, 2018, New Jersey became the third state to legalize sports betting, after Nevada and Delaware, with Gov. Phil Murphy signing the legislation into law. Sports betting in New Jersey began when a sportsbook opened at Monmouth Park Racetrack on June 14, 2018. Following this, sportsbooks opened at the casinos in Atlantic City and at Meadowlands Racetrack.
In 1919, the Chicago White Sox faced the Cincinnati Reds in the World Series. This series would go down as one of the biggest sports scandals of all time. As the story goes, professional gambler Joseph Sullivan paid eight members of the White Sox (Oscar Felsch, Arnold Gandil, Shoeless Joe Jackson, Fred McMullin, Charles Risberg, George Weaver, and Claude Williams) around 10,000 dollars each to fix the World Series. All eight players were banned from playing professional baseball for the rest of their lives. Pete Rose, the all-time MLB leader in hits, was similarly banned from baseball in 1989 for betting on games while he was an MLB manager.
Identify the favorite: Lines with a - before the number (i.e. -200) indicate the favorite. A -200 should be read as: "For every $200 wagered, I win $100." When there is a negative sign, the line should always be read with relation to 100. That does not mean you have to bet that much, it's just easiest to understand! When a + sign is present, just reverse the reading, always keeping reference to 100:
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.
If you are able to interpret NFL odds and know what the various terms mean, such as the rotation number, point spread, moneyline and over/under, you’ll have a basic understanding on what you are betting. Prior to wagering make sure you see our NFL odds page, which carries all the latest odds from the top online sportsbooks. Remember that the odds makers are attempting to even the out the bets on each game. The sports bettor has to analyze each game and the odds and make their bets accordingly in order to win cash.
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.
One way to make money from sports betting is to open an account at an online betting site and take advantage of their sign up bonus. This gives you extra money to wager with, and since point spreads are so straightforward, it can be relatively easy to meet the associated wagering requirements and still come out ahead. Repeating this process at multiple betting sites will maximize your potential returns! We just ask that you please stick with reputable sites, like any of the ones that we recommend.
In general, the betting public tends to gravitate towards favorites when betting the games regardless of the actual pointspread. This is especially true with high-profile teams such as Dallas and Green Bay in the NFL and Golden State and Cleveland in the NBA. The sportsbooks are well aware of this phenomenon and often times they will adjust the betting spreads accordingly. This, in turn, actually adds some value to the underdog when you consider that a pointspread is nothing more than a handicapping tool that is designed to even out the match.
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.
A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Although the examples from above are in $100 increments, you don’t actually have to bet those exact amounts. That’s just how the odds are set up so that everyone is on the same page. With a quick glance at the numbers, you can tell who is the favorite, who is the underdog and what type of payout you can expect on each. You’re free to bet $5, $500 or whatever amount fits your budget. If you want to find out the specific betting limits for each option, browse through the betting sites rating guide in order to find the sportsbook that better fits your minimum and maximum limits.
The 3-digit numbers to the far right are the listed prices for these bets. This is also called the odds, vig, or juice. An easy way to think of it is the amount you must risk to win $100 on this wager. In our example, -110 means you must risk $110 if you want to win $100. -110 is pretty standard, but you will find different options. We will cover those in more depth when we talk about money lines. The price of the bet has no impact on which team is favored. Only the plus or minus on the point spread matters. This is handled differently when you bet strictly on the moneyline.
SportsInsights.com’s general betting articles discuss the intricacies of sports betting as it pertains to each major U.S. sport. This article will concentrate on how to bet on the NFL. We will try to utilize that “neck up” part of our bodies to gain an edge on the linesmakers, but first we must know the basics. The NFL is by far the most popular bet of all major American sports, culminating with the most popular game of the year, the Superbowl. This article will shed light on each football wager type including spread, moneyline, totals, parlays/teasers, halftimes, and futures.
Pools, cards, and parlays - A parlay is just a combination bet. Instead of making five separate bets on five different games, the bettor places a single parlay bet, hoping he or she can predict the outcome of all five games. If any one of the games is a loser, the entire parlay is a loser. The payout is better for parlays, because the odds of successfully picking multiple winners are much tougher to beat [ref]. Most people are familiar with parlays through office betting pools or football cards. If you've ever paid $5 to select your winners from a list of that week's football games (sometimes using the spread, sometimes using the straight scores) in hopes of winning the weekly prize, then you have made an informal parlay bet. Office pools don't usually involve actual bookies beyond the person who organizes the pool, and no one takes juice from the pool. All the money is distributed to the winner or winners.
Futures – wagers made in predicting an event in the future like next year's pro pigskin title. Oddsmakers produce 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 they are not expected to win and a $100 would pay $3,000 as a huge longshot.
The -110 on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent (aka juice) to the sportsbook, which is essentially a fee for brokering the wager. So, the -110 indicates that a bettor must risk $110 to win $100. Some sportsbooks will even reduce the juice for you which means you can earn the same $100 payout but risk less money to do it.
No. The point spread is not a prediction of the final score, but rather is created to generate an equal amount of betting on both sides. In a perfect world, a sportsbook will get the same amount of money bet on the Rams to cover as they get on the Patriots to cover. If there is an even amount of money bet on both sides, the house is guaranteed to profit because of the juice (more on that below) placed on bets.
In June 2017, the Supreme Court of the United States announced that it would hear New Jersey's case, Murphy v. National Collegiate Athletic Association, in the fall of 2017, contradicting the position of the US Acting Solicitor General, Jeffrey Wall, who asked that the case not be heard in May 2017. In September 2017, a poll conducted by the Washington Post and the University of Massachusetts Lowell shows 55% majority of adults in the U.S. approve of legalizing betting on pro sporting events.
Spread betting are wagers that are made against the spread. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another when two teams play each other and one is perceived as being more likely to win. The favorite "takes" points from the final score and the underdog "gives" points. This number can also be in increments of half-a-point (.5) even though very few sports have .5 point scoring (i.e., The Ryder Cup)
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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.
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.
Another form of futures betting involves the over/under on the number of games a particular team will win in the regular season. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. For example, the over/under on the Yankees may be 93 wins. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded.
Mississippi became the fourth state in the United States to launch sports betting operations on August 1, 2018 when Gold Strike Casino Resort in Tunica Resorts and Beau Rivage in Biloxi started taking wagers. On August 30, 2018, West Virginia became the fifth state to launch sports betting, with Hollywood Casino at Charles Town Races the first casino to offer sports betting. New Mexico became the sixth state to offer sports betting on October 16, 2018 with the launch of sports betting at the Santa Ana Star Casino in Bernalillo.
For example: If it is universally believed that Alaska State is better than Hawaii Tech, a standard win/loss wager wouldn't work, since most likely people would bet more money on Alaska State. Therefore, the Sports Book could put the point spread on Alaska State at 6.5 points. This would mean if you bet on Alaska State, not only would they have to win the game, they'd have to win by at least 7 points to make you a winner, otherwise a ticket on Hawaii Tech, even though the team might have loss, would be a winner.
Point spreads are used since most recreational bettors prefer to wager even money propositions. In the above example, if there was no point spread, only moneyline betting would exist. So, if odds makers are giving the New England Patriots a 73% chance of winning a game, then in order to take bets and still have a small profit margin, the bookmaker would have no choice but to require Patriot bettors to stake $3.00 or more for each $1.00 they want to win.
In my honest opinion, tennis is a sport that doesn't get nearly enough credit for being a legitimate source of entertainment as a fan and a legitimately hard game to master. Since you are reading this and have access to the Internet, I'm sure you've heard of Roger Federer and Rafael Nadal. They are the two biggest names in the sport, even as their careers are starting to wind down. The debate between both sets of fans as to who the "G.O.A.T" is rivals that of the LeBron/Kobe or Ronaldo/Messi comparison. Read More >>
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.