If the implied probability says that you have to win a bet 40% of the time to break even, and you think you’re likely to win the bet 45% of the time, then there is value in the bet. Remember, the sportsbook pays you more the less likely something is to happen. This means you’ll be getting paid as if the bet is only going to hit 40% of the time (more money), but the bet actually hits 45% of the time if you are right.
Sports betting has become a popular pastime and with the offering of many online sportsbooks, punters from all over the world can engage in exciting betting action and can have amazing opportunities to collect payouts. There are many different types of bets that are supported at betting sites and most punters will be familiar with moneyline and spread bets. These are the two most popular betting options for experienced punters, so they are options at just about every operating sportsbook.
The most important thing you can teach yourself early on is: "Just because the books assign one side to be the favorite (even large, -200 or -300, favorites), does not mean that they will win." We have all seen favorites get upset, and it is important to avoid the temptation of finding comfort in the fact that the lines makers put one team as a favorite.
Bookmakers use odds to even out the bets, getting gamblers to wager on both sides of the line by leveling the playing field. Although there is overall parity in the NFL, there are teams that are haves and others that are have-nots. Indianapolis is still superior to Cincinnati but when they play each other the bookies have to get about half of the bettors to put cash on the Bengals. This covers the sportsbooks ensuring they’ll make a decent amount of cash on just about every game.
The odds listed are a primary way of gauging the play in the game. There are hundreds of mismatches every single year and the leveling of the playing field has been very helpful in resolving that particular problem. With the use of odds, bookies are able to acquire an equal number of wagers on each team, which assures them that they get money regardless of who wins.
A “Win/Place” or “Each Way” bet (aka EW) refers to a bet where the chosen selection must either win or place within the payout terms. The bet is divided in two parts,the “Win” part and the “Place” part of an equal stake or wager. Settlement of such bets will take into account the applicable rules governing the "Win" and "Place" bets, namely the Sport-specific rules as well as any applicable ‘Dead Heat Reductions’.

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.
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.

Because the Blue Jays are favored, the sportsbook needs you to risk more to bet on them. After all, they should win this game. So wagering on baseball favorites with moneylines calls for you to risk a certain number ($185 based on -185) in order to win $100. On the other side, the sportsbook is also willing to reward you for taking the underdog, so they give you an incentive to bet on the Orioles. In this case, you would risk $100 in order to win $165 (+165) on Baltimore.
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. 

"Winning Margin" (aka Result Betting) is where it is possible to bet on the final result of a game or event and select the correct ‘band’ of points between the winning team and losing team. For example, if you think the Patriots will win, but the game will be close, pick the New England Patriots 1-6 Points Winning Margin (where the Patriots winning by 1, 2, 3, 4, 5, or 6 points results in a winning selection).
We've already mentioned how moneyline wagers give you more control over the risk versus reward element of betting. There are also other reasons why you might choose this type of wager over a points spread. If you fully understand how both of these wagers work, you'll find that there are games when a moneyline wager is the right option, and games when the point spread wager is the right option. There are no definitive rules about which one you should use and when, only a general principle that you should try to follow.

At a site that offers a free play bonus, you'd bet $100 free play on the Grizzlies at +210. At another site, where you have a cash balance, you bet $150 cash on the Celtics at -240. If the Grizzlies won, you'd win $210 cash from your free play but lose your $150 cash. That's a profit of $60. If the Celtics won, you'd win $62.51 from your cash bet and lose only your free play credit. That's a profit of $62.51


A point spread - Lets take, for a hypothetical situation on one of the types of football bets (using the point spread), that the Kansas City Chiefs were visiting the Detroit Lions and Detroit was established as a six-point favorite at game time, which is commonly written as Detroit -6. Kansas City would be the underdog and displayed as Kansas City +6. If you bet the favorite, Detroit has to win by more than six points to win your bet. Remember, the Lions are favored by six points, so we subtract six points from their final score on a spread bet. If Detroit were to win 27-20, Lions bettors would win their wager. If the Chiefs were to win the game by any score and you picked the Chiefs you would win not including the extra six points. If the Lions were to win, 20-14, it would be exactly six and a push, so you would get your money back.
The reason why you will typically see a (-110) line next to a point spread is simple. This is the commision in which the sportsbooks charge for you to place your wager. This is how the casino makes their money. Think of it as a commission. You make a bet, they charge 10% for you to do so. Bookmakers call this “Vigorous or Vig” it’s also known as the “Joice”
Many novice bettors fail to understand the impact of home advantage when wagering on sport events. When looking at the board for potential wagers, these bettors tend to get excited and bet on lots of superior teams favored on the road against weaker opponents. The betting market is so much more advanced than this, and for the most part point spreads are always going to be 50/50 propositions.
Sports spread betting began in the United Kingdom in the late 1980s to offer an alternative form of sports wagering to traditional fixed odds, or fixed-risk, betting. With fixed odds betting, a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn’t occur (the initial stake). With sports spread betting, gamblers are instead betting on whether a specified outcome in a sports event will end up being above or below a ‘spread’ offered by a sports spread betting firm, with profits or losses determined by how much above or below the spread the final outcome finishes at.
The term moneylines can have two definitions: a type of bet and also the odds attached to certain bets. Starting with the type of bet, moneyline bets simply focus on the outright winner of a game. With point spreads, you have to consider a margin of victory. With totals, you’re looking at the combined score of the two sides involved in the game. But if you’re betting on the moneyline, your only focus is who will win the game outright. There is no tying; just winning or losing. But there is more to understanding the moneyline, including the odds and what they tell you. Read on below to get a better idea of how they work.
Point spread lines can be tricky in the fact that they can help shape our views of a game just by looking at them. You may have no opinion of a game until you look at a point spread and then your brain immediately starts looking for evidence to back up the line. This can cause you to build your view of a game off of what the sportsbook thinks and not what you think. The best advice here is to have an idea of what you think the line is before you look at the sportsbook's lines. This will protect you from being influenced by what they came up with and help you to spot bad lines.
If you’re loving some of our expert picks or have a few hot tips of your own, you’re probably itching to get your bet in before the lines move. To help you out, our team has compiled a list of the absolute best and most trusted online sportsbooks offering action on the NBA. It’s important that we note that none of these sites can pay for a better review or recommendation from us. We take our reviews seriously and our integrity even more seriously. If we allowed sites to barter or pay their way onto our lists, we’d be serving you up advertisements and not recommendations.
It is a pretty simple concept once you get the hang of it, and you will also start to see profitable opportunities in football and hoops where wagering on the moneyline makes more sense than betting the point spread. If you really like an 8-point underdog in the NFL and think they will win, you can take the 8 points and hope they cover the spread. Or you can check out the moneyline option where they might be +280 and make more money betting them to win ($280) than on the point spread ($100).

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.
This means that the people betting the big bucks are going to end up shifting the line considerably. A lot of times, you will see a moneyline released, and then it will quickly shift. Usually, this is a skilled big bettor taking advantage of what they think is an opportunity. Ideally, you’ll want to jump on bets before these skilled bettors get ahold of it.

An over-under bet in basketball is a wager on whether the total score for the game from both teams will be above or below a certain threshold. This is a great bet to utilize when you think that a game will be defense heavy and both teams will be shooting cold, or when you think that it’s going to be a barn burner with both teams shooting lights out.

Linemakers who work for the sportsbooks must put out lines that will entice the "favorite" bettors to lay the points and take the favorite or entice the underdog bettors to take the points with the underdog. Because each sportsbook is operated under their own rules, guidelines and stipulations, they are free to put out whatever line they feel is competitive and charge whatever vig they want to based on how much action that specific line is taking.


The reason why you will typically see a (-110) line next to a point spread is simple. This is the commision in which the sportsbooks charge for you to place your wager. This is how the casino makes their money. Think of it as a commission. You make a bet, they charge 10% for you to do so. Bookmakers call this “Vigorous or Vig” it’s also known as the “Joice”
Hopefully, by now you are an absolute expert on point spread and handicap bet types. If you're still confused on anything, take your time and reread through the examples we posted and it should slowly become clearer to you. Sometimes the math can be a bit confusing to people, so take your time. If you are ever confused with a bet, you are making online or at a casino, just ask support of the agent for help to clarify. They will be more than happy to assist you in making sure you've bet on exactly what it is that you want to bet on. Don't worry, no one will laugh at you or give you a hard time because you are confused. We all were new to this one day, and they are specifically paid to help new bettors like you understand everything and have a much better betting experience.
The National Basketball Association (NBA) has always been a staple of the sports betting community. As a part of one of the big four sports, bettors have been working to develop systems to best the basketball betting industry for decades. Some have succeeded and enjoyed the spoils, while some have fallen. Our guess is that most of those who have fallen did so due to a lack of effort, a lack of information, or just no knack for the sport.

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Let's say you think Liverpool is going to win the game, but you think they are only going to win by three goals. If the first bet were the only bet available, you wouldn't be able to bet on this game unless you were a maniac. This handicap bet gives you more options, though! The next rectangle down is a similar bet except for this time it is Liverpool at -2, getting paid 13 to 5. If you take this wager, you need Liverpool to only win by three or more goals now, instead of four. If this happens, you will get paid at 13 to 5 or $260 for every $100 you wager. As you can see, this is more likely to happen, so you are going to be paid less for the bet. However, it does give you an option to bet what you want.
When betting the point spread, there is almost always a winner and a loser. However, in some instances sportsbook decide to put out a whole number such as -3 for bettors to bet on. If the final score ends with a differential of three points - no matter who wins - the bet is considered a "push" and all money is refunded to both sides since neither team covered the spread.
If the public comes out and bets really hard on one side, the line is going to move a lot making the odds worse on that side and a lot better on the other side. If you’re planning to bet against the public, you should wait to bet until the line moves as far as you think it is going to. Be careful, though, if you wait too long and some big money bettors bet, they can move the line back.
Point spreads are more common in the United States, but you can see them throughout the world. A point spread, in theory, is the sportsbooks attempt to create a "level playing field." Let's look at an exaggerated example that will make this clearer. Let's say the New England Patriots are playing a game against a junior varsity high school football team. They're also using deflated footballs, and the Patriots get to see the high school team's playbook before the game. If a sportsbook were to allow you to bet on which team would win, everyone would bet on the Patriots as they would probably annihilate this other team.
Because the Blue Jays are favored, the sportsbook needs you to risk more to bet on them. After all, they should win this game. So wagering on baseball favorites with moneylines calls for you to risk a certain number ($185 based on -185) in order to win $100. On the other side, the sportsbook is also willing to reward you for taking the underdog, so they give you an incentive to bet on the Orioles. In this case, you would risk $100 in order to win $165 (+165) on Baltimore.

Jeff Gordon has been reporting and writing since 1977. His most recent work has appeared on websites such as eHow, GolfLink, Ask Men, Open Sports, Fox Sports and MSN. He has previously written for publications such as "The Sporting News" and "The Hockey News." He graduated from the University of Missouri-Columbia School of Journalism in 1979 with a bachelor's degree.
The point spread - also called "the line" or "the spread" - is used as a margin to handicap the favorite team. For betting purposes, the oddsmaker predicts that the favored team will win by a certain number of points. This number of points is the point spread. The favorite is always indicated by a minus sign (e.g. -5.5) and the underdog by a plus sign (e.g.+5.5). If you bet on the favorite, you win your bet if the favorite wins AND their margin of victory is greater than the point spread. If you bet on the underdog, you win if the underdog wins, ties, or if the favored team wins but fails to exceed the point spread. It is standard for point spread bets in most sports that you wager $110 to win $100.
Only bet games where you have a clear prediction on a team covering the spread. Look for lines that you think are incorrect and put your money there. The idea here is to be making intelligent picks that you actually believe will win. If you're betting every game, you're just gambling and no longer letting your skill and knowledge base shine through.

When betting on American sports such as NBA or NFL, there are usually two main categories that appeal to punters. These are the point-spread or the moneyline. With spread betting there is a 50% chance to win on either side since the spread is actually a handicap that is given to the underdog to even out the chances for both teams on a game or a match. The majority of the time, punters will win just about the amount they bet on a point spread. Moneyline bets can be a bit more complicated and there is no point spread involved. In fact, it is a simple bet to place as one will simply be choosing who will win the game.
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.
Armed with the knowledge of how to remove vig, it's now possible to prevent yourself from making the same mistakes that the majority of bettors make. Most bettors understand the importance of line shopping (i.e. comparing the lines and odds at different bookmakers and betting sites). However, if they fail to also understand how moneylines and vig work, then they're probably going to make wagers where they think there's positive expected value (+EV), even though there's not.
This used to be impossible or extremely time-consuming when only land based sportsbooks and casinos existed. You would have to drive hundreds of miles if you wanted to get to another casino and then hope they still had the different line. This would cost you travel money as well as time. Online sportsbooks make this extremely easy now. You can check several sportsbooks lines on a game within a matter of seconds or minutes. It doesn't cost you any additional money, just a few minutes of your time and can have a huge impact on the outcome of your bets.
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.
All connotations related to the bet must be fully and unquestionably complied with for the bet to be deemed as winning, regardless of any possible conflict with the sport-specific rules, or with any potential interpretation based on previous or current presentation of offers related to events in that particular sport and the way these are normally presented in DraftKings Sportsbook. Bets will be settled as void should it still be impossible to determine a winning outcome.
They do this by manipulating the lines to entice action where they need it. If they have too much action coming in on one team, they will adjust the lines to pay out less for that team to deter more bets. At the same time, they will adjust the line for the other team to pay out more to entice more action on that side. This dance continues until the game starts to try and get the correct amount of money on each side of the contest.
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.
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