For each NFL game the oddsmakers set a number of points in which the favored team is favored by. Bettors can then either choose for the favored team to win by more than the number of points set, or bet on the underdogs to lose by less than the number of points they are underdogs by or win the game straight up. For example, the spread could be set on the favored team at 6.5 points. This would mean in order for a bet on the favored team on the spread to win they would need to win by more than 6.5 points (7 or more) in order to win the bet. It also means that a bet on the underdog team would win if the underdogs lost by less than 6.5 points (6 or less) or won the game outright.
Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread. ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going.
Sometimes a line will move far enough to create a “middle” opportunity. Say the Texas Longhorns end up facing the Wisconsin Badgers in the first round of March Madness. If you have Texas early as a 5-point favorite, and I move the line to Texas –7 later in the week, then you can also place a bet on Wisconsin +7. If Texas happens to win by six points, both your bets cash in. Texas winning by either five or seven gives you a win and a push. Any other result creates a win and a loss, so you’re only risking the vigorish.
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.)
82 games per year means a lot of opportunities to wager on your favorite teams and Sportsbetting.ag sees that opportunity and gives you what you want to bet on. Sometimes this means having spreads for big games a day or two in advance, especially if both teams are off the day before the big matchup. They take care of their NBA bettors... give them a shot.
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.
There is no such thing as a half point in sports, but there is in sports betting! The half point ensures that a side will win and that the match will not end in a push, where the spread equals the actual difference in points between the two teams. In a push all bettors get their money back, which is no good for the oddsmaker! Half points also give oddsmakers more control over lines, allowing them to set more specific values.
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.
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. 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."
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". 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.
The -110 listed is the actual odds given for these bets, and the odds determine how much you win based on the amount of your wager. This is why the odds are often called the price of a bet. When you see -110 odds, you need to bet $110 to win $100. Of course, you don't need to literally bet $110; that is just the ratio of the amount bet to the amount won. You can bet $11 to win $10, $20 to win $18.18, etc.
Corruption in tennis has been long considered as issue. In 2011, the former world No. 55 Austrian tennis player, Daniel Koellerer, became the first tennis player to be banned for life for attempting to fix matches. The violations were outstanding between October 2009 and July 2010 after The Tennis Integrity Units had launched an investigation on behalf of the International Tennis Federation and the ATP and WTA tours. In 2004 and 2006, Koellerer was banned for six months due to his bad behavior. In addition, on August 2010, he facilitated betting by placing odds for matches and had links for placing bets.
Football betting is by far the most popular form of sports betting by far. Most professional gamblers only bet for 5 months out of the year because of this. When you include College and NFL together there are almost a hundred games to bet on during a 2-day span. This is what is so appealing to the professional gambler; the action packed two days that comes every fall for five months. The gambler has so much to watch in a 48 hour span that the rush alone makes these bets fun. Now I do not expect you to go out and bet on every game played on a Saturday or Sunday. However, I will outline below how you can bet on football also how to become more successful at football betting
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.
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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!
It’s common knowledge among bettors that the online gambling industry pays close attention to Las Vegas Sports Consultants, a private company that handles the odds for casinos and newspapers. But the totals I set have to reflect our customers’ preferences for betting the over or under on certain teams in certain situations. Also, because LVSC lines are published early, I have to keep on top of injuries and potential changes in coaching strategy leading up to the game in question before I release any totals. This is doubly important in basketball, where pace determines how many shots will be taken in 48 minutes.
Point spreads focus on a margin of victory between the two teams and again, what you’re looking for is the positive and negative signs. If there is a minus sign next to a team’s spread, that suggest that they are favored and have to win by or cover that amount. If there is a positive sign, that tells you that they are the underdog and they are getting points. For example: let’s say that the New England Patriots are playing the Buffalo Bills and the Patriots are -5.5 and the Bills are therefore +5.5. If you bet the Patriots, they have to win by six points or more to cover. If you bet the Bills, they can lose by five points or less, or they can win the game outright and you would still win your bet.
Point Spread – This is the margin of victory for a game determined by the oddsmaker. Sportsbooks use this to create action on both teams. The favorite will have to win by more than the margin the oddsmakers set. If the Broncos are favored by 2.5 against the 49ers, they must win by 3 points or more for a win. If they only win by 2, they didn’t cover the spread and those who bet the 49ers will win.
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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.
With NFL odds the over/under can vary but usually it’s somewhere between 35 and 47 points. Let’s say in the Colts and Bengals game that the total is posted at 37.5. If Indy scores 27 and Cincy gets 13 points, the total would be at 40 and the over would win. But if the Colts rack up 35, and they shut out the Bengals, the total of 35 would be under.
Several additional states such as Louisiana, Connecticut, Mississippi, Maryland, Massachusetts, Missouri, California, South Carolina, Iowa, Illinois, Kansas, Kentucky, Indiana, Michigan, Minnesota, Oklahoma, Ohio, New York, and West Virginia, began drafting bills to legalize sports betting soon after New Jersey and Delaware. Pennsylvania, Rhode Island, and West Virginia were able to pass legislation legalizing sports betting within their states.
If you aspire to become an avid bettor and are serious about learning the trade, the first thing I recommend doing is to come up with several angles and legitimate reasons why betting on a specific team is going to make you money. I understand that angles and reasoning can only take you so far before what happens on the court or field is out of your control but playing the angles is a key part of sports betting that isn't going away any time soon. One of the better angles I look to play is a bet called the First Half Bet. Read More >>
If you're just getting started with NFL betting, the most important thing you need to do is learn how the lines work. But this is easier said than done because NFL lines can seem like learning Greek to new bettors. Fortunately, learning football betting lines won't take you nearly as long to master as the Greek language. In fact, you should have a good understanding of the matter just by looking at the following information on how NFL betting lines work.
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.
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.
First, however, a word of caution: Sports betting can be a fun and profitable venture. However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control. We know you have heard this before but it definitely bears repeating: don’t bet money you can’t afford to lose, either emotionally or financially. If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous.
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 >>
If you're seeing 15 or 25 instead of 15/1 or 25/1, you're seeing a decimal form of odds, as opposed to fractional. Multiplying your stake by decimal odds gives your total return, not your profit(which is total return -stake). To get to fractional from decimal, add 1. So 3/1 fractional = 4 decimal (just 4). 4/6 frac = (4/6+1) dec = 10/6 = 5/3, or 1.666, which is rounded to 1.67 by bookies. To go from decimal to fractional, subtract 1(which makes sense from profit = total return - stake) So 15 dec = 14/1 frac. 2.33... dec = 1.33/1, or 133/100.
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.
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.
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).