Let’s say that people think the Mavericks are going to crush the Magic, and the money starts to pour in on the Mavs. Obviously, the sportsbook likes seeing a lot of bets come in, but they need them to come in evenly. So, to slow down the money coming in on the Mavericks and entice people to bet on the Magic, they will shift both lines. The new line might look something like this:
The money line bet is the simplest form of betting in the industry. A “money line” bet is a way of betting on which team is going to win the game outright, or which individual will win an event. With a money line bet, the margin of victory or the total number of points a team scores do not matter. If you like the Patriots to win outright versus the Browns, a 3-0 win would win you just as much money as a 77-0 win.
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.
Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread. ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going.
A common mistake that new bettors will do is to bet every single game. Unfortunately, this is not a winning strategy no matter how sharp you are. Stick to betting the games where you actually see value. Here's what we mean by value. Let's say in our earlier example that you agree with the sportsbook that the Florida Gators should win the game by seven. You should not bet this game then no matter what if the line is -7. If you're right, the best you can do is tie on your bet. When you pick a side, you're basically going to be guessing and flipping a coin. Theoretically, you'll win as many times as you lose, but you'll be paying the house percentage every single bet and slowly bleeding your money and profits away.
Obviously, the first three letters on the top two lines of the three-line package of symbols represents a team in the game you’re wagering on; NYG stands for the New York Giants, while DAL stands for the Dallas Cowboys. The number next to each team’s name is known as the spread or the point spread. Wagers on the point spread are among the most popular sports wagers in the world. The reason this wager is popular is that it doesn’t matter which team wins or loses; what matters is the amount of points the teams score, and whether or not the team you place your money on beats the difference in points (the ‘spread’) or not.
The main goal for each sportsbook is to set the best line possible in order to create even action on both sides of the game. In a perfect world, the book would have 50 percent of the handle come in on the favorite and 50 percent of the action come in on the underdog. If this happens, the sportsbook would be guaranteed a profit because of the 10 percent vig they charge on most point spread wagers. When a book has serious one-sided action, they will attempt to counter that by moving the line in the direction that's taking the most money and try to entice bettors into betting on the other side.
The level of the gambler’s profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler’s bet level. This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected.
Unless otherwise stated all handicaps listed on DraftKings site are to be calculated based on the result from the start of the listed period to the end of the specified period. It is however customary that for certain handicap odds in specific sports (Asian Handicap in Soccer), only the outcomes obtained from the time of bet placement until the end of the listed timeframe will be taken into consideration, thus disregarding any points scored before the time the bet was placed and accepted. Any odds with these characteristics will be clearly displayed on site and highlighted in the user’s Bet History with the score at the time of bet placement.
You can also bet straight winners and losers -- with no point spreads involved -- with money line wagers. When there is a minus number you bet that amount to win $100 in profit. When there is a plus number, that is your winning profit for every $100 wagered. So if the Cowboys have a money line of -250, you would have to bet $250 on them to win $100 in profit on any Dallas victory. If the Giants had a money line of +150, you would win $150 in profit with a winning $100 bet. If a money line is posted as even, you would win a $100 profit on a $100 winning bet.
Some people consider sports gambling a disease which is why it is outlawed everywhere in the United States besides Las Vegas. However, many Americans still bet on sports illegally with various overseas bookies. Because of this, many Americans believe sports gambling should be made legal throughout the United States because the country is missing out on millions of potential tax dollars by sports gamblers using overseas bookies.
Typically, if you’ve made a bet on sports in the past amongst friends or at the casino, you probably made a moneyline bet, and you didn’t even know it. “I bet you $10 the Broncos are going to win tonight.” That’s a moneyline bet. You may also hear the bet referred to as a to-win bet in some circles, but just know that they are referring to the same type of bet.
Is there value there? Yes. Are you going to make money off that bet? Well, it depends. If you’re only able to make a bet like this once, then you’re most likely going to lose. In order to realize that value, you’ll need to be in a lot of similar opportunities. If you have a very long-term betting strategy, then you can probably get away with making this bet. But if you’re looking for some more regular profit, you might want to steer clear of this. The odds say that the team is only going to win the game a little under 3 times for every 100 times they play. There is value there, but it depends on your betting strategy if you want to make that bet.
Of course, it wouldn’t be. Everyone would bet on Mike Tyson, and the sportsbook would lose all of their money and close the next day. So what the sportsbooks do is they assess who is the favorite and who is the underdog and assign a value to how much in each direction they think they are. Let’s look at what the odds might look like for our fictitious fight and break down what everything means.
Single day matchups are wagers on the complete 18-holes for that day. Holes played as part of a completion from the previous day's round, and playoff holes are not included in Single Day matchups. The full 18 holes will be considered in determining the outcome of the bet even if they are played on consecutive days. If both members of the matchup do not complete the full 18 holes, all bets are "No Action". If both players end the 18 holes in a tie, the bet is considered a "No Action" wager.