Once you understand how odds in college football are expressed, you can use them to start to determine where your money should go. Be sure to see our college football odds page that connects you with the top sportsbooks on the Internet. The odds makers are trying to even out all bets. Your job is to determine on which side of the point spread, line or over/under it goes.
On June 5, 2018, Delaware became the second state after Nevada to implement full-scale sports betting. Sports betting in the state is run by the Delaware Lottery and is available at the state's three casinos. Prior to 2018, the state offered limited sports betting consisting of parlay betting on NFL games. Delaware had been granted a partial exemption from the sports betting ban as it had made a failed attempt at legalized sports betting in 1976.
In addition to knowing the basics of betting, you should also know at least the basics of football too. It's likely that most people reading this are big sports fans, and fully understand it, but that's not necessarily the case for all our readers. We like to cater for everyone, so we've written the following two articles explaining all about the game at both professional and college level.
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.
Two possibilities existed for Seahawks backers at this point – either the team would win the game by at least three points or not. There was no possibility for a push, thanks to the use of a half-point. It’s impossible to score a half-point in football, so thanks to the magic of rounding, there’s no room for a tie outcome. Those who backed the Patriots were looking at two possible outcomes, too – either New England would pull off the upset or they would lose by just a point or two. Both would turn out in a win.
How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate.
Another way to beat football point spreads is to shop for off market prices. For example, let's say you're shopping online betting sites and see every site is offering Vikings +7.0. Then, you stumble upon one site that's offering +7.5. There's a good chance that this is a +EV wager, simply because it is out of sync with every other site. Please note that this strategy isn't quite the same as simply shopping for the best lines. Here, you're specifically looking for wagers that are +EV because they're against the market.
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.
NFL moneyline betting continues to gain popularity as many begin to understand the value of moneyline bets, especially in betting the underdogs. In this type of bet, there is no spread to beat, your team needs only to win the game “straight up” (SU), and there is no requirement for how many points they need to win by. The juice is the only number you really have to pay attention to with moneyline, where the negative value indicates the favorite (-140) and a positive one means underdog (+120).
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.
If both bets are correct you would win approximately 2.5 to 1. The odds for parlays are different at different sports books. If you make a parlay with 10 teams you might get paid around 70 to 1 or better depending on the sports book. Winning one game is difficult enough and parlays are very difficult to win. There’s a reason the payouts are so high.
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.
If you wanted to bet the underdog Orlando to win the game, their money line odds are +280. Whenever a "+" is listed for odds, the number after it is how much you will win for betting $100. So in this example, a $100 bet would win $280 if the Magic win the game. This definitely seems like a way better deal than betting $340 to win $100, but remember that Orlando has a small chance of beating the best team in the league. Some bettors may see value in this, but you should never blindly bet an underdog - or any side for that matter (just talk to the thousands that bet on Conor McGregor last August).
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.