Many of the leading gambling bookmakers from the 1930s to the 1960s got their start during the prohibition era of the 1920s. They were often descendants of the influx of immigrants coming into the USA at this time. Although the common stereotype is that these bookies were of Italian descent, many leading bookies were of eastern European ancestry.[4]

For example, if you want to bet that -140 favorite, you’ll need to risk $140 in order to win $100. To bet on the +120 underdog we mentioned above, you’ll need to bet $100 to win $120 if the dog wins outright. In many cases, betting moneylines offers better value and can provide a bigger profit for less risk. Check out our NFL Betting Guide to learn more about when you should bet a moneyline instead of a point spread.
Let’s say you decide to bet $100 on the Packers to win by more 7 points and the final score is Packers 30, Seahawks 21.  The Packers have won by 9 points, meaning they’ve covered the spread, and you’ve won the bet. The -110 means that your $100 bet will win you a total of $190. That total includes your original bet amount, so your total profit is $90.
The basic principle of point spreads and totals is that you have roughly a 50% chance of winning, so technically a "fair" return on these types of wagers should be equal to the amount staked. However, they are usually priced up by bookmakers at odds of -110 (1.91 in decimal odds format, 10/11 in fractional odds format), which means for every $110 staked you stand to win $100. You don't have to stake as much as $110 of course, but the point is that a successful wager will only return 90% of the amount staked (plus the initial stake of course).
Let’s say you decide to bet $100 on the Packers to win by more 7 points and the final score is Packers 30, Seahawks 21.  The Packers have won by 9 points, meaning they’ve covered the spread, and you’ve won the bet. The -110 means that your $100 bet will win you a total of $190. That total includes your original bet amount, so your total profit is $90.
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.
Ideally, the lines I release will balance the action equally, so that the winners get paid out from the pockets of the losers and we take the vigorish. That’s an ideal that rarely happens – especially in sports without a pointspread, like NASCAR and golf. If Team A is getting too much action, I’ll move the line toward Team B to try to achieve that balance. My personal preference is to tweak the vig from –110 to –105 or +100 before taking the bigger step of moving the spread a half-point or more. 

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 most famous historic example of this is Super Bowl III when the New York Jets stunned the football world and upset the Baltimore Colts. The Jets were 18-point underdogs, still the largest point spread in Super Bowl history. They won 16-7, and people wondered what the oddsmakers had been thinking. Noted oddsmaker Bob Martin was later asked if he was embarrassed making the Colts such huge favorites. He said he was not because in what was then one of the heaviest bet sporting events ever, his number drew a fairly even amount of bets on both sides. This guaranteed a profit for the house.

If you’re going to bet on college football odds, it’s essential to understand each aspect of odds listing, including the rotation number, point spread, moneyline and over/under. You’ll often find different terms used to describe these with the rotation number called the number, point spread shortened to spread, moneyline to line and over/under simply called the total. These are all lumped together under the term odds.
The odds given on the spread are usually -110 unless otherwise noted. It is not uncommon to see one side of the spread being -105, with the other side being -115. If you don’t see any odds listed for each side of NFL spreads you are supposed to assume the odds are -110 on each. Not sure how to read NFL betting odds? Check out our Sports Betting Odds guide.
Have you ever skimmed through the baseball or hockey results and thought to yourself "wow the 'over' was the play of the night since it hit in 10 games?" If you have and are kicking yourself for not playing every one of those games, this Grand Salami bet is the bet for you. The Grand Salami is not a massive delicatessen but rather a bet in which you must correctly guess the 'over/under' of the total number of runs or goals produced in every single game combined on any one given day. Read More >>
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.)

It is also widely known as the over/under and, just like the point-spread myth, it is not Las Vegas' guess at how many points will be scored in the game by both teams combined. It's a number it feels will encourage just as many bets on the over as the under. If you picked the under 47.5, you want tough defense and the team running the ball to eat the clock. If you pick the over, you want offensive fireworks and long bombs for TDs. In totals betting, you are predicting whether the combined total score will be more than or less than the total.
In addition to the spread bet, a very common "side bet" on an event is the total (commonly called the over/under or O/U) bet. This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at 44.5 points. If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win. If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. The total is popular because it allows gamblers to bet on their overall perception of the game (e.g., a high-scoring offensive show or a defensive battle) without needing to pick the actual winner.
Have you ever skimmed through the baseball or hockey results and thought to yourself "wow the 'over' was the play of the night since it hit in 10 games?" If you have and are kicking yourself for not playing every one of those games, this Grand Salami bet is the bet for you. The Grand Salami is not a massive delicatessen but rather a bet in which you must correctly guess the 'over/under' of the total number of runs or goals produced in every single game combined on any one given day. Read More >>
Last week, we went over how to read sports betting odds and covered the most common items you'll see on a betting board inside a sportsbook (or on your screen with your online sportsbook). These included point spreads and totals. When betting these choices, you will almost always see -110 listed with them. If you don't know what that means, don't worry - we're covering that today and it's not nearly as complicated as it looks. Whether you're brand new to betting, have placed some bets but have disregarded the -110, or live outside the United States and are unfamiliar with American odds, you'll be an expert in no time after reading.
It’s never too early for a 2019 NFL Draft projection! As the 2018 NFL season winds down, the crux of next spring’s draft order is coming into focus. Will the Oakland Raiders or Arizona Cardinals pick at No. 1? Is Ohio State pass rusher Nick Bosa, coming off an injury, a lock to be the first pick in draft? Will the Giants take Eli Manning’s successor, or continue to add to the roster around the veteran? Can the Jets find help for young signal caller Sam Darnold? Here’s the latest first-round projection for the 2019 NFL Draft.
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.
Just when you think Canadians can't out do themselves, they go and get themselves a completely Canadian way of betting on the one sport they care the most about - hockey. As a Canadian, I can honestly say that we would chose hockey (plus beer) over just about anything in the world. It's our past time and it's our future because despite the lack of quality Canadian teams in the NHL, the fan bases are more passionate than ever in hopes of one day competing with and finally beating hockey's elite teams. Read More >>
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.
For reading the fraction odds, I strongly recommend converting them to a decimal. This will make figuring out your potential win much much easier! To do this, just like in 2nd grade, you take the first number and divide it by the second. So if your odds read 7/4, you simply divide (7) by (4), which equals 1.75. That is the decimal form odds, now you simply multiply (1.75) by whatever your wager amount is to figure out your potential profit. In this case, if you were to risk $100, then your potential win would be $175 profit if you are correct! Also, you will receive your initial bet amount of $100 as well, for a total of $275 in your hand.
The general purpose of spread betting is to create an active market for both sides of a binary wager, even if the outcome of an event may appear prima facie to be biased towards one side or the other. In a sporting event a strong team may be matched up against a historically weaker team; almost every game has a favorite and an underdog. If the wager is simply "Will the favorite win?", more bets are likely to be made for the favorite, possibly to such an extent that there would be very few betters willing to take the underdog.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since they final score margin falls on these two numbers most often.
Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.
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.
For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring 345 runs both buyers at 350 and sellers at 340 would have ended up with losses of five unit points multiplied by their stake.

Which brings me to my next point. If you are serious about getting into sports betting, it is vital to have more than one sportsbook to make a wager at. Shopping around for the best lines will help your bankroll and you will be able to turn a bigger profit. If you see a pair of sneakers for $110 at one store, and the exact same pair is $102.99 at another store - which store are you buying them from?
However, there are some good values with teaser bets if you know how and where to find them. For instance, the six-point teaser is an especially effective bet in the NFL, where most games are tightly contested and six points can make a world of difference. For instance, in our previous example, the Bears would go from laying six points to simply needing to win if you put them on a teaser bet. Conversely, Detroit backers could get 12 points instead of the starting six. (Source: Doc's Sports Service)
In this example, we have a favorite to win, and an underdog. The Packers are the favorites, and that is shown by the (–) value in front of the 6. Underdogs are represented by the (+) value.  The 6 point value is how many points either team could win, or lose by. If you think the Packers will win by MORE than 6 points, then you’d bet on the favorite in this case, meaning that the Packers have to win by 7 or more points in order for you to win your bet.

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.

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.
Future wagers. While all sports wagers are by definition on future events, bets listed as "futures" generally have a long-term horizon measured in weeks or months; for example, a bet that a certain NFL team will win the Super Bowl for the upcoming season. Such a bet must be made before the season starts in September, and winning bets will not pay off until the conclusion of the Super Bowl in January or February (although many of the losing bets will be clear well before then and can be closed out by the book). Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so. In general, most sports books will prefer this type of wager due to the low win-probability, and also the longer period of time in which the house holds the player's money while the bet is pending.
To understand what a trifecta wheel is in horse racing and sports betting we first obviously need to understand what a trifecta is. Luckily, that's simple - a trifecta is a bet you can make where you bet on the horses that will finish first, second and third in a race. In order to have a winning bet you not only have to pick the correct three horses, but also correctly pick the order in which they will finish. Because it involves three horses the trifecta is more difficult to win than a win bet or an exacta, so it usually has a much more attractive payoff as a result. Read More >>
Here at The Football Lines .com on our point spread page we provide the latest NFL point spread lines for the current NFL week for your informational purposes only. These include the opening NFL point spread and current line which is updated regularly throughout the week, with our aim being to provide all the NFL spread details you need both current and historical in an easy to access format. The Football Lines .com's previous seasons Historical NFL Point Spreads section provides detailed week by week opening and closing NFL spread lines dating back to the 2007 season. With the current seasons week at the top and working your way down through the previous football years data you quickly have access to the final score, open and close NFL spread lines to see how many points it moved as well as color coded display of the spread winner.
Since betting on point spreads in the NFL is the most popular bet that people make, it is probably pretty important that you know what you are doing. The point spreads in the NFL are always alot closer then college football because you are dealing with the best of the best. You will almost never see a team favored by more then two touchdowns in the NFL, and most of the NFL point spreads are less then one touchdown. So, here is are best try at helping you understand how to read point spreads in NFL games.

In the UK and some other European countries the profit from spread betting is free from tax. The UK and some other European countries tax authorities designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp tax, despite the fact that its regulated as a financial product by the Financial Conduct Authority in the UK. Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves. The popularity of financial spread betting in the UK and some other European countries, compared to trading other speculative financial instruments such as CFDs and futures is partly due to this tax advantage. However, this also means any losses cannot be offset against future earnings for tax calculations.

The moneyline is different. First, with the moneyline whichever team wins the game pays out. There’s no giving or taking away of points. How do the bookies even the playing field with the moneyline? They do it by making bettors wager more on the favorite to win less and allowing them to bet less to win more on the dog. The favorite is posted with a minus sign and a number. That number represents the amount of cash that has to be wagered in order to win $100. The underdog, on the other hand, is listed with a plus sign in front of a number. That number shows how much a bettor wins when they bet $100.


Often big games will have "proposition" bets on things not directly related to the final score of the game. These are usually abbreviated to "prop" bets. For example, in football whether or not the first score will be a touchdown. In baseball whether a run will be scored in the first inning. In hockey/soccer, whether anybody will score a hat trick. The odds on these are expressed like point spread bets. For example, as I write this the Golden Nugget has the following proposition bet on Super Bowl 49:
Odds are basically a way of leveling the playing field and in college football due to the fact that there are hundreds of mismatches per year the field really does need to be leveled. By utilizing odds in various ways bookmakers are attempting to get an equal number of wagers on each team. In doing so, they are able to ensure that they make cash no matter who wins.

In this instance, the Dodgers are the favored team, as signified by the negative numeral. It would cost you $130 in order to collect a $100 payout on a Dodgers victory (plus the original wager of $130). But if you bet $100 on the Cubs, you'd collect $120 if they win (plus the original wager). In other words, you'll have to wager more money on Los Angeles than you would Chicago in order collect $100 on a bet.
The Packers were the designated home team for Super Bowl I, so they’re listed at the bottom. They were also the favorites in this game, representing the mighty NFL; the –14 you see above indicates that Green Bay was a 14-point favorite, meaning they had to win by more than 14 points to cover the spread. The Chiefs, representing the upstart AFL, were 14-point underdogs. If they had won the Super Bowl, or lost by fewer than 14 points, they would have covered instead. A Packers win of exactly 14 points would have resulted in an push, with all monies returned. In the end, Green Bay won the Super Bowl 35-10 and covered the spread.
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