"Draw No Bet" is where it is possible to bet on either the home team or the away team. It is also common practice to refer to "Draw No Bet" in cases where no draw odds are offered. Should the specific match contain no winner (e.g. match ends as a draw), or the particular occurrence not happen (e.g. First Goal, Draw No Bet and match ends 0-0) the stakes will be refunded.
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.
Some professional or seasoned bettors only use the point spread bets and are wildly successful. Their success comes from making correct picks, not from overcomplicating the situation. We're going to walk you through the basics, and the mechanics of a basketball point spread bet, discuss the popularity and benefits, and offer some tips and strategies to help get you moving in the right direction towards profitability with these bet types.
Remember with bets like this you can still be profitable by betting several options. Let's say you think Chelsea is going to win, but you also think Manchester United, Liverpool, and Everton also have a shot. If you were to place a $100 wager on all four of these teams, you would still turn a profit! Let's pretend you did this and say that your last pick Everton pulls it off and wins the regular season according to the sportsbook. Remember, they don't have actually to win, they just need to be on top after the sportsbook makes the point spread/handicap adjustments to the final rankings.
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Before we had the options of wagering on future bets, parlays, teasers, alternative lines, Asian lines, prop bets and each-way, there was one betting option that reigned supreme. It was the money line bet. From a non-gambling perspective, winning a game in any sports will make a team happy. However, depending on the score, that win may not please bettors. That’s because the point spread betting option has taken over as the popular option, leaving the money line far behind. If you are the kind of person who bets on your favorite team each and every game, this is the bet for you. There is nothing worse than watching your team win the game, but lose you money by not covering the point spread.

This is a very common occurrence throughout the sports betting industry. Sportsbooks have the right to shift the spread or odds for any given match prior to it starting. Many factors play a huge role in this decision, and they include injuries, weather, the volume of bets on one side, and anything in between. Depending on the time you place your wager, the bettor may also have an advantage or disadvantage based on which way the spread has shifted.
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You can bet the money line option in every single sport that is offered up. It is the simplest form of betting and it is also the primary way to bet sports in which a point spread isn’t available (think hockey or baseball). Money line wagers are also available in football and basketball, but the point spread wager is much more popular. It is also used in tennis, golf, boxing, MMA, cricket, table tennis, and any other sport you can think of that has a winner at the end of the game.
Another thing to consider is popular winning margins, which are particularly applicable to football. Consider that many tight games may finish with either a three point or a seven point margin. If the point spread is around either of these marks, make every attempt to be the right side. For example, if you were to back a team that is either 2.5 or 3 point favorites, you’d want to back them at the 2.5 mark, as if they were to win by 3 you’d win as opposed to a push.
The first number (56.5 in our sample line) is the book’s predicted total score, while the second number (110 in our Giants/Cowboys rivalry game) is how much a punter has to bet in order to win $100. If you were to bet the over-under on this game, you’ll have to decide whether you think the combined score of both teams will be higher or lower than the number put up by the book. Let’s say you bet the over, assuming the game will be a shootout between two talented offenses, you’re hoping that the final score will be anything that totals 57 or more. It could be Dallas 54, New York 3, or any other point combination that adds up to 57 or more and your bet will win. Betting the under means that the two teams cannot score more than 56 points combined, or else you lose your bet.

This is called line shopping and is an integral part of sports betting, especially with moneyline bets. Most good sports bettors will have accounts on lots of different sportsbooks so they can check the lines on every bet they are making. Whichever book has the best lines for them is where they’re going to place their bet. To be honest, with how easy it is to shop lines online, the only reason you wouldn’t is if you were too lazy and didn’t care enough about your bottom line.
Understanding NFL betting lines is just the first step towards making profits with football wagering. Once you've got the basics down, it's important to continue learning sports betting strategy to improve your long-term chances of winning. If you're able to win more than 52.4% of the time, you'll be well on your way towards being a profitable NFL bettor.
If you are betting on a sport where there are multiple entrants, like in a race or tournament, you may find that every entrant is paying out at favorite odds. This is because it’s much more challenging to pick a winner from a large field, and the sportsbook will be rewarding you for that. Just know that when you see the plus sign, you will be getting paid better than even money for a correct pick.
The one variance you might come across in any pointspread listing is the commission owed on a bet. Instead of moving the actual spread for a game, some books will try and direct money one way or the other by adjusting the juice. For example, if there was a (-120) next to the listed pointspread, you would now owe $120 on a losing $100 bet. Sometimes a book will reduce or eliminate the juice all together to move money towards a particular side of a matchup. In this case, you might see (-105) or (+100) next to the pointspread to signify the reduced or zero commission for that bet.
You see, people too frequently get caught up on their win-loss rate, which actually has no real effect on their bottom line. You can win more bets than you lose and still be losing money. On the other side of things, you can lose more bets than you win and be wildly profitable at sports betting. It all comes down to successfully finding value and pouncing on it when you see it.
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. 

On the other hand, underdog moneylines can be lucrative wagering opportunities. Upsets happen more often than some of us think and moneyline betting is a great way to take advantage. For example, for a moneyline wager of +250, a bettor will only need to win about 28% of the time to break even and for a +300 wager the bettor would only need to win 25% of the time to break even. If you can spot upsets even decently well, moneyline wagers on underdogs can be profitable bets.

As we mentioned in the close of the last section, sportsbooks try their best to get the same amount of total money bet on both sides of a game. If they can accomplish this, then they are guaranteed to make a profit no matter who wins or loses the game. The way a sportsbook goes about doing this is by manipulating the point spread to make the less bet side more enticing.

Here you can see that the Rams are +3.5, while the Cowboys are -3.5.  So for this example the Cowboys are 3.5 point favorites, while the Rams are underdogs of 3.5 points.  If you were to bet on St Louis you would need them to lose by 3 or fewer points or just win the game outright.  If you were to bet on Dallas you would need the Cowboys to win by 4 or more points.
It is a very good idea to shop around to find the best line when you are betting on sports. Books may offer slightly different lines, and you might be able to gain a point or half a point in your favor on certain markets. Consider an NBA game between the Heat and the Lakers – one firm has the Heat 9.5 point favorites and another have the Heat as 8.5 point favorites. You back the Heat with the second firm and they win by exactly nine points. Here you’ve gone from a loss to a win simply by shopping around, and in the long run this will make a big difference to your bottom line.
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.
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.
The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager. This allows a bookmaker to act as a market maker by accepting wagers on both sides of the spread. The bookmaker charges a commission, or vigorish, and acts as the counterparty for each participant. As long as the total amount wagered on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions.
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