Although the examples from above are in $100 increments, you don’t actually have to bet those exact amounts. That’s just how the odds are set up so that everyone is on the same page. With a quick glance at the numbers, you can tell who is the favorite, who is the underdog and what type of payout you can expect on each. You’re free to bet $5, $500 or whatever amount fits your budget. If you want to find out the specific betting limits for each option, browse through the betting sites rating guide in order to find the sportsbook that better fits your minimum and maximum limits.
Once you have selected the appropriate sport, league and game, the betting options appear. A betting option is, for example, the winner of a game, how many goals will fall or how many fouls, penalties, corners and free kicks there will be. For football matches in the first leagues, there are usually around 40,000 different betting options available for almost every country. The large offer may seem deterrent, but the betting providers solve the problem with a very good overview as well as a function to find the desired betting option quickly and easily. There's a odds on every betting option. This number indicates how likely a betting option is. If the odds are high, the profit margin is also high, but the probability of the event occurring is very low. An example of this would be if a third division team won against a first division team. If the rate is low, the event is very likely. So in terms of the example that the favorite will win the game. The process of a bet reads longer than it is. After the first bets, the process has already turned into flesh and blood and you can place betting options every minute. Of course, only if you have informed yourself about sports and betting in detail beforehand, because this is the only way to make sports betting with responsibility and a good chance of success possible. Find out more on Livewetten
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.
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.
A point spread in sports is a figure set by oddsmakers to provide an advantage or disadvantage based on the margin of victory or defeat for a given team. The “favorite” team (labeled with a “-” sign) would be at the disadvantage as they would need to win the game by a set number of points while the “underdog” team (labeled with a “+” sign) would be given an advantage to not lose the game by a set number of points. The reason oddsmakers do this is to provide betting interest for both sides due to one team typically being better than the other.
NFL point spread lines and odds differ from sportsbook to sportsbook so it is important to always try to line shop for the best prices and spread. Regularly betting into spread odds of -115 (1.87) or -110 (1.91) compared to -105 (1.95) can make a big difference come Super Bowl time to your bankroll, so to can getting on the right side of a spread number particularly where key point spread numbers like 3, 7 and 10 are concerned where a half point or full point can make the difference between a winning wager and a losing one. To give yourself the best opportunity with your NFL Spread Betting you need to obtain the best point spread line and at the best price and to do that effectively it is a good idea to have accounts with multiple sportsbooks.
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.
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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.
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.
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.
Okay, so the other betting option available to you is the total or ‘Over/Under.’ You can choose to bet that the total points between the two teams will either be greater (OVER) or less than (UNDER) the projected total. Again, if you bet either way and the game ends up being 20-21, for a total of 41 points, then you will receive a refund of your wager amount.
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.
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.
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.
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.
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.
For example, in NFL wagering you’ll have a pool of 12-14 quarterbacks, running backs, etc. and you can choose who will have the most fantasy points, 2nd most fantasy points, 3rd most fantasy points. Each player starts the week with certain odds that change as money wagered on different players. Your payout is based on the closing odds like parimutuel horse wagering.
The over/under in this example has been set at 42.5. If you project the Jets and Patriots to combine to score more than 42.5 points, you would place a wager on the over. If you think they will score less than 42.5 points, you would bet the under. Let’s say the final score of this game is Patriots 27, Jets 24. Which bet would lose and which bet would win? The sum of all points scored is 27 + 24 = 51, so an over bet wins and an under bet loses.
The Patriots are set to take on the Rams in the greatest show on turf and money has been flowing into both sides of the Super Bowl 53 point spread. The Patriots are -3 for SB LIII according to most legal online sportsbooks but some have them listed only at -2.5. The Rams and Patriots are both offensive minded, and capable of scoring quickly; therefore, the winner will likely be whoever scores last in the game (-180). There is still no discussion of whether the roof will be open or closed at Mercedes-Benz Stadium in Atlanta, so weather may or may not play a factor here. Either way, make sure to get in your bet on the spread for Super Bowl 53, whether you choose the Patriots or Rams, before the 6:30 EST kickoff on Sunday, February 3rd.
If your sports betting experience consists mostly of office pools during March Madness or a casual wager between you and a friend while you watch the Super Bowl, the transition to serious sports betting means learning how to read betting lines. The biggest difference between making the kind of casual bets mentioned above and placing wagers with online sportsbooks or at brick-and-mortar bookshops is the use of sports betting lines. Casual wagers usually involve each person in the bet picking one team to win, then wagering an equal amount, say $20 or $30. Professional bookmakers, online sports betting exchanges, and sports betting facilities in casinos have a more complex system for offering wagers on sporting events, in part to ensure profit on the part of the book, and in part to present a standardized representation of odds.
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 >>
There’s only one DFS style game in Las Vegas casinos today. US Fantasy Sports can be found in about 14 casinos and it continues to grow. In this type of football betting, you wager on which player will rank 1st, 2nd or 3rd from a pool of players in specific positions. The wagering style is similar to horse racing where you can wager on win, place, and show. You can also make exacta and trifecta wagers. There’s also an option to place a $1 wager and pick winners from all pools to win $1,000,000.
We hope this short beginner’s guide to understanding and interpreting odds will give you the confidence to get out there and start making winning bets. Our experts are here to help you on this journey, so do not hesitate to contact us with any questions you have about sports betting! We have only scratched the surface on reading betting lines, but this is an excellent place to start.
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.
These are just a very small selection of some props. Many bookmakers offer dozens of different options, particularly on high profile matches. Props are generally considered a fun type of bet rather than a way to make money, but it is possible to make consistent profits from them. We explain more about props on the following page, where we also offer some strategy advice.