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Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space. Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. The more experience you have watching and gambling on different sports, the faster you’ll be able to read betting lines.
The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker. Each risks $110, meaning there is $220 to be won. The winner of that bet will receive all $220. However, if he had made that $110 bet through a bookmaker he would have only won $100 because of the vig. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig.
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.
Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively.
There is no magic formula for moneyline betting, you’ll simply need to pick your spots wisely and balance your risk versus your potential reward. In general, I think this means taking higher upside picks, such as underdogs rather than taking large favorites. However, bettors should analyze each game independently looking for value in both favorite and underdog moneylines.
By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being
Remember, these calculations are for your profit. Profit is different than the total money returned that you will get from the sportsbook. If you correctly bet the Falcons to win, the sportsbook will return you $340. This will be your $240 in profit as well as your $100 bet that you made. Make sure that you pay attention to this when working with these numbers because we see people get confused all the time as different sportsbooks will give you different numbers.

With all that being said, there is one situation where we'd suggest the moneyline wager is usually a better option than a point spread wager. This is when you like three point underdogs in an NFL game. Only a small percentage of NFL games are decided by three points or less, so if you think a three point underdog is going to cover then you might as well bet on them to win outright. This will generally give you a much better return.


Here’s a less extreme example. Let’s say that Fighter A is fighting Fighter B and you think that Fighter A is going to annihilate Fighter b. Like you don’t even think it’s going to be close. Let’s say you decide that you would be willing to bet even if the odds were -400 on Fighter A. You’d only be getting $25 back on your bet, but that’s what you think is fair.
A Parlay is a wager which combines several legs in a wager where the winnings from each selection roll onto the next. For a Parlay to be successful, all individual legs in the Parlay need to be winning selections. In the event of a tie in one of your selections in a parlay, the parlay is reduced to the next lowest number of teams. For example, if you have a 4 team parlay and one of the selections is a tie (only on 2 way markets), the leg would be considered a "push". In this instance, the 4 team parlay would then become a 3 team parlay and would be settled at reduced odds to reflect a winning 3 team parlay.

While we're going to cover this extensively in the moneyline section of the Basketball Betting Guide, we'll touch briefly on what the -110 means here. -110 refers to the moneyline payout for a particular bet. If you were to bet $100 on a basketball point spread paying -110 and win, you would be paid out a profit of $90.90. The easy way to figure out the amount you will get paid with minus moneyline odds is to divide your bet size by the absolute value of the betting odds and multiply that number by 100.
The sportsbook will sometimes move this line if they need to encourage more bets on one side of the game. Their end goal is to have the same amount of money bet on both sides of the game so that no matter who wins, they make money. For as much as they love to facilitate gambling and betting, they don’t like to leave things to chance for themselves.
Without losing you with the math, the implied probability (or how often you should win) of a +250 bet is 28.6%. This means that you should win this bet 28.6 out of 100 times. This is what the sportsbook thinks will happen. You, however, think it should be +125. The implied probability of that is 44.4% meaning that you think you should win the bet about 44.4 out of 100 times.
All relative events must be completed within the same day/session as listed in conjunction with the offer. Should this not be the case, bets placed on the offer will be fully refunded except for those offers whose outcomes were decided prior to the abandonment and could not possibly be changed regardless of future events, which will be settled according to the decided outcome.
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.

You may be wondering how we determined which of the two teams was the favorite and which was the underdog. You may also be wondering how much you get paid out for a bet on either side of this game. If you look at the odds above (this is a screenshot from an actual online sportsbook), you’ll see that all of that information is given to you. Before the spread number of 4 ½, you’ll see a plus or minus sign. The plus sign indicates the underdog and the minus sign indicates the favorite.
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.
Another form of futures betting involves the over/under on the number of games a particular team will win in the regular season. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. For example, the over/under on the Yankees may be 93 wins. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded.
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