Many casinos around the world contain a sportsbook. They usually feature several big screen TVs showing any live sports action currently taking place, and computerized odds boards displaying all the latest odds. There are typically cashier windows where you can place your wagers with a real person, but some books have interactive machines instead. Either way, these are great places to place some bets and watch the games at the same time. The problem for Americans, though, is that they are only legal in Nevada. There are plenty of sportsbooks in Las Vegas casinos, but not in other parts of the country.
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]
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.

If you've ever found yourself cursing the game line or completely dumbfounded at how a basketball total from the Serbian basketball league lands right on the "over/under" number, I can assure you that you are not alone. Setting the right number is the heartbeat of any sportsbook which is why they hire the sharpest minds in the betting game and task them with calculating the lines. It's not often you come across a line that is far off from what actually happens in the game. Sportsbooks have the utmost trust in their linemakers, so that when they post their lines to the betting public they aren't vulnerable to big losses. Read More >>

Betting on sporting events has long been the most popular form of spread betting. Whilst most bets the casino offers to players have a built in house edge, betting on the spread offers an opportunity for the astute gambler. When a casino accepts a spread bet, it gives the player the odds of 10 to 11, or -110. That means that for every 11 dollars the player wagers, the player will win 10, slightly lower than an even money bet. If team A is playing team B, the casino is not concerned with who wins the game; they are only concerned with taking an equal amount of money of both sides. For example, if one player takes team A and the other takes team B and each wager $110 to win $100, it doesn’t matter what team wins; the casino makes money. They take $100 of the $110 from the losing bet and pay the winner, keeping the extra $10 for themselves. This is the house edge. The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit. This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams. Many things can affect public perception, which moves the line away from what the real line should be. This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found.

The Jets are favored by 7 points. When you wager on the Jets -7 points, they have to win by 8 or more for you to get paid. A win by exactly 7 points would be a push and you get your money back. If you wager on the Giants +7 points, you’ll need them to win or lose by 6 points or less to win your bet. The Giants can win the game and you’ll win the wager because they didn’t lose by 7 or more. A loss by exactly 7 points would be a push and you get your money back.
In a national poll released in December 2011, Fairleigh Dickinson University's PublicMind asked voters whether they “support or oppose changing the federal law to allow sports betting” in their respective states. Just as many voters approved (42%) as opposed (42%) allowing sports betting. However, voters who already live in households where family members (including themselves) engage in sports betting had a strongly favored legalization of sports betting (71%-23%), while voters in households where sports betting is not an activity, opposed legalization (46%-36%). Peter J. Woolley, professor of political science and director of the poll commented on the findings, “Gambling has become, for good or ill, a national industry, and you can bet that politicians and casinos all over the country are closely following New Jersey’s plans.”[8]
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.
There are very few periods of time throughout the year when there isn't a game or event that is garnering national media attention and bettors are clamoring to lay down a wager. Off the top of my head, the only period I can think of is during the MLB All-Star break, where it's slim pickings to lay down a wager. Sure, the Home Run Derby and All-Star game are closely watched and people do bet on them, but it's done more so to have a little action on the game to make it semi-watchable. However, the rest of the year is littered with massive, high-stakes, high-drama type events. These are what the industry called "hot games" Read More >>
As already mentioned, there have been sports bets since the first sports events. There is evidence that bets were placed on the first Olympic Games in ancient Greece. The bet was placed on the winner of a race or the winner in wrestling. The more matches there were to the games, the more bets there were. The Romans made bets on almost everything that was possible. Among them also the bloody gladiator fights and chariot races. From the very beginning, fraud and manipulation were a means of winning a competition. The Roman Emperor Nero even bribed so much at the Olympic Games in his own country that he won in six different disciplines. One of them was the car race and that although he fell off the car, which normally leads to disqualification. The Olympic Games were then discontinued, but not the sports betting. In the last century there was again a time when sport, especially boxing and horse racing, fell into the hands of criminal gangs. The image of sports betting had to suffer a lot from this bad influence, also because Hollywood used the topic as the basis for many films, as a result of which perception in society drifted further into the negative.
You may often notice that the spread is sometimes set at an even number such as 3, 6 , 10, etc. In this case if the favored team won by the exact amount set for the spread the bet would be pushed, and all bets would be returned. For example, if the Patriots were 3 point favorites and they won by a FG (3 points) than this would results in a push, meaning no matter which side you bet on you would get your money returned to you.
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!
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!
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.
Absolutely. When the lines go up for the NFL, or for the first game of the NCAA men’s basketball tournament, there are several days in between the open and the game itself where movement can take place. You’ll find that the betting public tends to pile in on their favorite teams once they get home from work on Friday. You can anticipate these line movements and time your bet accordingly to take advantage.

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.


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.
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.
For the purposes of a halftime bet, the game essentially restarts at 0 to 0. According to the halftime spread, the Arizona Cardinals are expected to be outscored by the St. Louis Rams by 3 points throughout the entire 2nd half. A halftime bet of $110 dollars on the Arizona Cardinals would lead to a profit of $100, because, not only did the Cardinals beat the spread, they won the game outright. These bets are taken during halftime, leaving a small window for the bets to be placed. You can track halftime odds easily using our Sportsbook Insider live odds software.
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.
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.
Absolutely. When the lines go up for the NFL, or for the first game of the NCAA men’s basketball tournament, there are several days in between the open and the game itself where movement can take place. You’ll find that the betting public tends to pile in on their favorite teams once they get home from work on Friday. You can anticipate these line movements and time your bet accordingly to take advantage.
Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives. In particular, the financial derivative Contract for difference (CFD) mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.
Over/Under means the odds-makers picked the most likely total combined score of both teams. For example in an NFL game with the Jaguars vs Dallas the over/under is 37. You can either bet on either “over” or “under”. Over, is if the two scores added up at the end, total to over 37. Under is if when you add them together, they’re less than 37. If the total is 37, it’s a tie, or “push” again.
The line opened two weeks ago with the Los Angeles Rams favored by one point. It took about an hour for the line to swing to the New England Patriots. It settled at Patriots as 2.5-point favorites for most of the past two weeks at sportsbooks tracked by OddsShark. Bovada and William Hill both offered a field goal, although William Hill came down to 2.5 over the weekend.
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.
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).

A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash. All the G-Men have to do is come within 8 points of the ‘boys, and you’re a winner. You determine a winning or losing point spread by adding or subtracting 7.5 from the final score, depending on which side you laid your bet. If you’re confident that New York will at least come within a touchdown of beating the Cowboys, or beating them outright, then you’d wager on the spread in favor of New York.
As a proud Canadian and a lover of hockey, this article shouldn't really surprise my American counterparts. You already know we like to do things differently here in Canada with our pro sports. A prime example is the CFL. However, hockey is no different. If you bet on hockey, you're usually betting the money line - who you think is going to win the game straight up. But in crazy Canadian fashion, sportsbooks offer something called the "puck line" which is exactly like the American version of the point spread. Read More >>
Now that you have the basics down, there is only one thing left to discuss – where to bet that is safe. I strongly recommend that you start by wagering on only one pick per day. You don’t want to spread yourself too thin and have your hand in every match available. If you bet that way, you will surely get nickel and dimed out of your bankroll. Spend time studying the teams and choose your best selection available. Decide on a budget of how much you are willing to risk. Now you need a reputable online sportsbook (online sports betting site) to do business.

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.

You may have heard the term “covering the spread” or the phrase “betting against the spread.” This means that if the favorite team wins an event with the point spread taken into account or that the underdog team wins with additional points, they have covered the spread. If the Packers win that game by more than 7 points, they have covered the spread.
The most important takeaway is the actual pointspread, which is seven points in this example. The plus sign is always in front of the spread for the underdog and the minus sign is used to signify the favorite. Next to the pointspread in this example is (-110). This number reflects the actual commission (or juice) that the sportsbook is charging to book this bet. If you wager $100 on New England as the favorite and the Patriots go on to win my more than seven points, you would win $100. If they won by fewer than seven points or lost the game outright, you would owe this betting outlet $110. If New England wins by exactly seven points, the bet is considered to be a PUSH and no money exchanges hands. You only pay the 10 percent commission on losing bets.
For beginning sports gamblers, moneylines (sometimes called money lines or American odds) can be confusing. Unlike point spreads, which are concerned with who wins and by how much, a moneyline is solely dependent upon who wins. Moneylines are used most commonly in low-scoring games like baseball or hockey, but they may also be used in boxing and other sports.

Some people refer to sportsbooks as a sanctuary; a place they can go where they do their best thinking and enjoy the games and atmosphere. Some people refer to them as utter chaos and other than placing their bets at one, do everything in their power to get out before the games actually start. Whether you are one side of the fence, or the other, as long as the sportsbooks have your money tied up with them, they have you right where they want you. Sportsbooks are here to stay, so I suggest getting used to all the chaos. Read More >>
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.
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 >>
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.
The wager is that the two teams will combine to score more or less than 43 points. If the total score is 43, then the wager is a push and you get your money back. It doesn’t matter which team scores the points. It could be 24-20 for either teams and “Over” wins the wager. Likewise, the final score could be Jets 45-0 (Yeah!) and the “Over” wins. On the flip side, the score can be 21-20 and the “Under” wins. Likewise, the Jets could win 42-0 (Yeah!) and the “Under” also wins.
When wagering against the spread, you bet on the team that will cover the betting line, and not necessarily win the game. Obviously by taking the favorite, a bettor believes that team will not only win the game, but also win the game by a certain number of points to cover the betting line. But when wagering on the underdog, that team does not necessarily have to win the game to cover the line. For examples of point spreads and how those bets are won, please keep reading below where we explain betting odds for the spread in detail.
A favorite (e.g. Patriots -280) on the money line works just like our bet price example above.  In our new example, the Patriots are listed at -280, meaning you would need to risk $280 for a return of $100 on them.  It follows that a winning bet on the Pats pays $100 (plus your initial investment of $280 back).  This added risk is why betting the spread is usually more popular, especially on favorites.
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.
The line opened two weeks ago with the Los Angeles Rams favored by one point. It took about an hour for the line to swing to the New England Patriots. It settled at Patriots as 2.5-point favorites for most of the past two weeks at sportsbooks tracked by OddsShark. Bovada and William Hill both offered a field goal, although William Hill came down to 2.5 over the weekend.
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