The busiest season of the year in the sports book is upon us. Betting on football makes up more than half the money wagered on sports every year in Nevada. The Nevada Gaming Commission doesn’t break down the wager money by the level of football. However, it’s widely discussed that there’s more money wagered on the NFL than college football. Canadian and Arena football are really just available to pass the time for fans until the fall.
When you’re looking at over under bets, what you need to know is that that’s the combined score of the two teams for a game. In this case, it doesn’t matter who wins the game. All that matters is the final score. For example: let’s say that the New York Yankees are playing the Boston Red Sox and the total is 9.5. It doesn’t matter who wins the game but if the two teams combine for a total score of eight runs, say with a final score of Boston winning 5-3, then the game goes under. Or if the two teams combined for 10 runs – no matter who wins – then the game goes over. So when you’re looking at the odds and you see a total next to the moneyline or point spread, that tells you the over-under that is set for the game and you have to decide whether it will go over that set amount or under.
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)
The negative (-) sign indicates that the Cowboys are the favorites, while the positive (+) sign indicates that the New York Giants are the underdogs. With the spread set at 2.5 points, a bet on the Cowboys would mean that they would have to win by more than 2.5 points (3 or more) in order for you to win that bet. A bet on New York would mean that the Giants would have to either lose by 2.5 or less points (2 or less) or win the game outright in order for your bet to win.
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 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.
Here in this point spread example for the NFL, the Falcons are playing the Panthers. Atlanta has been set as a three-point favorite on the betting line. That means that for Atlanta to cover the spread that has been set, they will need to win by at least four points. And for Carolina to cover the point spread, they can do so with a loss by two points or less, or obviously a win straight up. If the Falcons win by exactly three points, the bet would result in a push with no payouts.

Totalizators. In totalizators (sometimes called flexible-rate bets) the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. This is similar to parimutuel wagering in horse racing and dog racing.
If you see the point spread move, let’s say from -9 on Tuesday to -10.5 on Friday, this is known as a line move. It occurs when there is a surplus of bettors wagering on the same side of the game and sportsbooks move the line to balance the action. That means encouraging more people to bet the other way by making the line more appealing. This reduces risk for the sportsbook, who wants to have an equal handle on each team.
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). European format (decimal odds) are used in continental Europe, Canada, and Australia. They are the ratio of the full payout to the stake, in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. They are the ratio of the amount won to the stake - the solidus "/" is pronounced "to" for example 7/1 "seven to one". Fractional odds of 1/1 are an even bet. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. US odds of 100 are an even bet.
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.

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)
In North American sports betting many of these wagers would be classified as over-under (or, more commonly today, total) bets rather than spread bets. However, these are for one side or another of a total only, and do not increase the amount won or lost as the actual moves away from the bookmaker's prediction. Instead, over-under or total bets are handled much like point-spread bets on a team, with the usual 10/11 (4.55%) commission applied. Many Nevada sports books allow these bets in parlays, just like team point spread bets. This makes it possible to bet, for instance, team A and the over, and be paid if both team A "covers" the point spread and the total score is higher than the book's prediction. (Such parlays usually pay off at odds of 13:5 with no commission charge, just as a standard two-team parlay would.)
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.
As you can see, understanding the -110 in sports betting is pretty basic once you realize what it represents. You can also apply this knowledge to other odds as well, such as the money line. This kind of bet is different because you are betting who will win the game straight-up, which causes the odds to be different for each game (instead of -110 for everything).
There might be some movement when injury reports come out, but barring any kind of shocking news development (Tom Brady suspended for the game!), the line likely will not change all that much. The point spread is currently sitting at 2.5 points. I could see sportsbooks dipping into three points to level out the money on each side, but that might not happen until later next week after the teams are wrapping up their practice week. My prediction is the line settles at a field goal heading into kickoff.
The gaming compact is made pursuant to the Indian Gaming Regulatory Act of 1988, which details the manner in which states and tribes must negotiate in order to offer Class III gaming on tribal lands. Section 3 of the Tribal Compact details the authorized Class III gaming activities that the tribes can conduct; however, unlike many states which agree to an enumerated list of Class III gaming activities that can be conducted, New Mexico’s compact states:
With the over/under or total, bets are being made on what the total score may be. In our example which features two solid defenses and good offenses, the total might be around 41. If OSU scores 24 and Wisconsin 20, the total would be 44 or over the 41. If the Buckeyes scored 21 and the Badgers 14, then the total would be 35 so the under would win. Once again sometimes, if the total is a whole number, the result may be a push. That results in all bets simply being returned.
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). European format (decimal odds) are used in continental Europe, Canada, and Australia. They are the ratio of the full payout to the stake, in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. They are the ratio of the amount won to the stake - the solidus "/" is pronounced "to" for example 7/1 "seven to one". Fractional odds of 1/1 are an even bet. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. US odds of 100 are an even bet.
Once you understand all the fundamentals of football betting, and have an account with a suitable gambling site, you're pretty much ready to go. There's still a lot more you need to know, but most of this can be learned as you go along. Indeed, learning as you go along is the best approach. Trying to become an expert before actually getting started is a futile exercise, as so much of what's involved only really starts to make sense once you have some real experience to draw on.
Each week we see the volatility in the pro football point spread market with opening spreads often but not always moving and closing at a different number. In general the movements are caused by the weight of money on one side or the other however injury rumors or confirmation of an injury to a key player, unrest in a particular NFL team's management or any number of other reasons can contribute to a point spread line being reassessed and changed by the sportsbooks. The question is often asked then, is it better to place your NFL point spread wager early on the opening lines or wait until the hour or two before kick off? There are certainly pros and cons for both which are discussed further in The Football Lines .com's When to Place Your NFL Bet article however ultimately there isn't a definitive right or wrong answer as varying NFL betting situations can require a different and flexible approach.
Parlays - these might be the most popular bets out there, especially among novice and amateur bettors, perhaps because of the lure of betting a small amount for a potentially big payoff. But they are fool's gold at best. Parlays involve wagering on two or more games on the same bet following the casino's pre-determined payout scale. Each game on a parlay must win for the bet to be a winner.
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Nothing says "summer" better than a trip to the racetrack and several ice-cold drinks while basking in the sun and skimming through the dailyracing program. Unfortunately, only a small amount of the betting public actually knows how to dissect the program properly which gives them a bit of an edge when it comes to placing their wagers. Most amateurs or leisure bettors stick to the simple bets like win, place or show despite the potential of a massive payout when playing the exotic bets. The exotic bet I will teach you about today is the popular trifecta bet, also known as a "triactor" at some tracks. 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.
While most football fans have seen a point spread before, not everyone understands how they work. There’s a common misconception that the oddsmakers are trying to outsmart their customers by posting the spread and getting people to bet on the wrong side. At the same time, many bettors think that their goal is to “beat the bookie.” This is false; as mentioned, the sportsbook is incentivized to keep the action on either team as balanced as possible, in order to limit exposure.
Wagering on the NFL revolves around the point spread in which one team is designated the favorite and the other team is called the underdog. The NFL point spread sets a specific number of points that the favorite must win by in order for a person betting that particular team to win their wager. Lets use an example from last week's NFL slate to demonstrate the art of NFL point spreads. This past weekend the New England Patriots played the Seattle Seahawks. The Patriots were four point favorites in that game. So in your local newspaper, you might have seen something similar to this illustration.
Spread betting has moved outside the ambit of sport and financial markets (that is, those dealing solely with share, bonds and derivatives), to cover a wide range of markets, such as house prices.[5] By paying attention to the external factors, such as weather and time of day, those who are betting using a point spread can be better prepared when it comes to obtaining a favorable outcome. Additionally, by avoiding the favourite-longshot bias, where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one’s favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.
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.
As an illustration, let's look at Super Bowl futures. Sports books list each NFL team with corresponding odds to win the Super Bowl. For example, the Ravens may be 5-1, the Redskins 12-1, the Cardinals 100-1, etc. If you place $10 on the Redskins and they go on to win the Super Bowl, you collect $120 plus your $10 back for a total payoff of $130. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl.
The negative (-) sign indicates that the Cowboys are the favorites, while the positive (+) sign indicates that the New York Giants are the underdogs. With the spread set at 2.5 points, a bet on the Cowboys would mean that they would have to win by more than 2.5 points (3 or more) in order for you to win that bet. A bet on New York would mean that the Giants would have to either lose by 2.5 or less points (2 or less) or win the game outright in order for your bet to win.
A lot of bookmakers offer telephone betting services, and they are usually very straightforward to use. It's a simple matter of calling the relevant number, telling the operator you reach which wagers you want to place, confirming the odds, and then providing your credit card details. Some bookmakers take other payment methods too, and some even offer credit lines to select customers.
I hope this article helped explain what -110 means and how to better understand sports betting odds. If you have any unanswered questions about reading odds or sports betting in general, feel free to send me a message. You can also subscribe here to receive new blog posts like this and other updates to Fast Break Bets via email. Thanks for stopping by and good luck!
When it's not NFL season, BetOnline keeps on chugging along with point spreads for numerous other sports including men's + women's basketball (pro + college), along with run lines for baseball (full game + 5-inning), and they even have goal lines for several hockey leagues worldwide. BetOnline excels when it comes to betting on any sport, visit them today and give them a chance to prove it...it will not cost a cent!
This is where you simply wager on which team will win the game outright, no point spreads, no BS…just the straight up winner. Although this may appear to be easier, you will pay for it as the odds (payout) will reflect the lack of a point spread. If you wager on a favorite, then you will win less than with a point spread, but if you wager on the underdog…and win…you will receive and even greater win amount based on the higher risk taken.
For the player who wagers on San Francisco -5, San Fran must win by more than 5 points for this to be a winning bet. For the player who wagers on St. Louis +5, they must either win the game or lose by less than 5 points for this to be a winning bet. If the outcome falls on the number, the bet is declared a “Push” and your original stake amount gets refunded.
It today's world, the English language has taken a back seat to slang. Whether it be on social media, instant messaging platforms, through text or email, every body is using some sort of slang which saves them the slightest bit of time and makes them sound like a goof. In sports betting, it is no different. There is a short form or synonym for just about any topic you can think of. Sometimes it makes sense and sometimes, like in this article, it really doesn't. Read More >>

Once you understand all the fundamentals of football betting, and have an account with a suitable gambling site, you're pretty much ready to go. There's still a lot more you need to know, but most of this can be learned as you go along. Indeed, learning as you go along is the best approach. Trying to become an expert before actually getting started is a futile exercise, as so much of what's involved only really starts to make sense once you have some real experience to draw on.

First and foremost, I would look at the overall offensive rankings of both teams.  Even though the saying is that defense wins championship, offense wins games, and an explosive offense could be the difference between you not only covering the spread, but also hitting the over/under bet.  There is a common belief that sharp sports bettors don’t bet favorites and don’t like offensive juggernauts.  I am here to tell you that is bologna.  Some of our biggest wagers each and every football season will be on a well focused large favorite.  There is no better bet out there than finding an attentive favorite that is ready to pour it on.
This might be the most unlikely playoff matchup in NFL history. Why? Houston started the season 0-3 and Indianapolis began 1-5. Texans coach Bill O’Brien is probably fired if his team doesn’t win 37-34 in overtime at Indy in Week 4. The Colts won 24-21 in Houston in Week 14. The Texans claimed the AFC South title with Sunday’s 20-3 win over Jacksonville to reach the playoffs for the third time in the past four seasons. The Texans have won at least one postseason game in three of their four all-time trips.
As you can see, understanding the -110 in sports betting is pretty basic once you realize what it represents. You can also apply this knowledge to other odds as well, such as the money line. This kind of bet is different because you are betting who will win the game straight-up, which causes the odds to be different for each game (instead of -110 for everything).
For those that live outside the United States, this may look even more strange since -110 is in American odds format. In Decimal odds, which is common in Europe, -110 translates to 1.91 odds. I'm not going to dive into Decimal odds (or other formats) since this article is about American odds, but the Decimal system is pretty straightforward. The odds listed represent a bettor's total return for a winning wager as you simply multiply the odds by the amount you wish to risk. If someone risks $100 at 1.91 odds and win, they receive $91 plus their initial $100 risked ($91 + $100 = $191).

As the numbers grow larger each way – the small numbers get smaller or the positive numbers get larger – that indicates that those options are bigger and bigger favorites, or bigger underdogs. That’s particularly relevant when you’re looking at something like the odds to win the Super Bowl. The teams with smaller numbers are deemed as having a better chance of winning and then as the numbers grow larger, those teams are deemed bigger and bigger longshots.


Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space. Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. The more experience you have watching and gambling on different sports, the faster you’ll be able to read betting lines.

The last number in the top two rows of our sports line example is known as the money line. If you’re not interested in betting on the point spread, you can wager on a team to win outright. The plus sign next to the underdog (in our case, the Giants) indicates how much money you’ll earn for every $100 you bet on the money line. Conversely, the minus sign next to the favorite’s line tells you how much you have to wager in order to win $100. In our example, a $100 wager on the Giants earns you $300 should they pull off the upset, while a bet of $405 on the Cowboys will net you an extra $100. Representing odds in units of $100 makes placing different size bets easy; if you want to bet $10 on the Giants, you stand to earn $30 if they win, while a $40.50 bet on the Cowboys will net you an additional $10.
Although the potential payouts look tempting - many sports bettors have dreamt of cashing in nearly $10,000 by nailing a $10, 10-teamer at 850/1 - they are a bad bet because they are difficult to hit and do not pay anywhere near true odds. This is how the sportsbooks make a lot of their money. For instance, let's say you want to bet a two-team parlay. For two games, there are four different possible combinations of outcomes, thus the true odds are 4/1. However, the sportsbook is only going to pay you 2.6/1 for your efforts, thus giving them a "juice" or vigorish in their favor. However, if you only have $20 to your name for a football bankroll and really like two games, the two-teamer might be the way to go because you could win $52 for your $20 wager.
*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.
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.
It's also important to consider whether or not there's any correlation between the point spread and the betting total. If they are, a parlay wager is a good way to get maximum value. For example, a college football point spread +24.5 parlayed with under 48 points in the same game might be a great parlay bet. If the +24.5 team covers the point spread, then there's an increased chance that the game also goes under the posted total of 48.

You can also make a football moneyline bet on either team, simply picking which team you believe will win the game outright. The moneyline price on your team will determine how much you win on your bet. For example, Team A is a -360 favorite on the moneyline and opponent Team B is a +300 underdog. That means for every dollar you want to win on the Team A moneyline, you must bet $3.60. However, a bet on the Team B moneyline will win $3 for every $1 wagered.
When betting the point spread, there is almost always a winner and a loser. However, in some instances sportsbook decide to put out a whole number such as -3 for bettors to bet on. If the final score ends with a differential of three points - no matter who wins - the bet is considered a "push" and all money is refunded to both sides since neither team covered the spread.
There are many ways that you can bet on football and I will go over all of the different options below.  The first and most common bet is the straight bet, which simply means the team wagered on must win by the point spread given at the time of the wager.  Most of the time the odds on a straight bet is -110, which means for every $110 bet, you win a $100 back.  An example of a straight bet is if the team you bet on is a 6 point (-6) favorite, also known as giving up 6 points.  Then in order for you to win, the team taken in the wager must win by more than 6 points in order to collect your winnings.  If they win by 6, then this will be called a push and your original bet will be refunded to you.  You can also bet on the totals, which is also known as the over/under bet.  The totals bet is The combined score of both teams for games wagered on, all totals pay out at -110, which is $110 dollar bet makes you $100, no matter if you bet on the over or the under.  If the total score equals the line, then the bet is a push and you get your original bet back.  Another type of bet is the money line bet.  This bet is simply that team wagered on just has to win the game.  The odds on these games vary depending on the disparity between the favorite and the underdog.  You obviously will win more betting on the underdog; however there is a reason why these bets pay more because the odds of the underdog winning are decreased.  Although betting the moneyline can sometimes return a big sum, it is wise to know that the bookmakers hold percentage is much larger than a typical straight bet on the side or total of a game.  A classic straight wager on the point spread is almost always dealt at -110 on both sides which is 20 cents of vigorish.  Compare that to a double digit favorite in college football with a money line of -600/+450 and you can see the extra 130 cents of vig added in.
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.
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