The point spread bet is a bet designed to give each team an equal chance of winning a particular game. Obviously, not all teams are equal, so the sports-books have devised a mechanism to even up the teams, and that is by taking points/runs/goals off the team who is favored. The more a team is favored, the more the gambling site will take off them, enough to theoretically make the game a 50/50 chance.
Within the world of betting on the NBA, there are a lot more betting options available to you than just being able to pick a winner. Most people who are new to sports betting think that your only option is to pick who is going to win or else you can’t make a bet. This couldn’t be further from the truth. Thanks to online sportsbooks and innovations within the betting industry, you now have a ton of different options to choose from. These options will help you to leverage all of your predictions, whether they have a direct outcome on the winner of the game or not.
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.
The number that follows the plus or minus sign will indicate how big of a favorite or an underdog the team is. The larger the number is, the bigger the favorite or the underdog the team is. For example, a team that is -300 is a bigger favorite than a team that is -150. A team that is +240 is a bigger underdog than a team that is +130. Remember, this is not the sportsbook’s actual prediction on who they think will win; it’s in relation to the money that has been bet on the game. It is more depictive of who the betting public thinks is going to win the game.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since they final score margin falls on these two numbers most often.
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Oddsmakers do more than pick the winners and losers of each game. They weigh myriad factors to determine which team is favored by how many points. They set an early point spread on each game, then adjust it up or down based on betting patterns. If the Dallas Cowboys are 6-point favorites over the New York Giants, they must win by seven or more points to pay off winning bets. If you wagered on the Giants, you win your bet if New York either beats Dallas outright or loses by five points or fewer.
There are four elements to the moneyline bet that you can see here. The first column is just an identifier of which bet is which for the sportsbook. When you place your bets, you can tell the sportsbook you want to bet on the Eagles to win or that you want to take bet 055. This number has nothing to do with the actual game and is just a code for the sportsbook to keep their bets organized.
You have three choices for the three betting options: Home, Away, or Draw (tie). The result of the game is decided after regulation play (90 minutes plus injury time). Overtime, the Golden Goal rule, and penalty kicks are not taken into consideration for soccer bets unless otherwise stipulated. You can usually bet on a winner or advancement (including OT & shootouts) but with different odds would be given.
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 second number in our example (-110 for both teams) tells you how much you have to wager in order to win $100. It’s an easy way to calculate how much you’ll win if your bet pays off, presented in units of $100 at a time for simplicity’s sake. Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit. If a book gets a single bet of $110 (by a customer hoping to win $100) on the Cowboys and a single bet of $110 on the Giants, it will have taken in $220, but will only have to pay back $210 to whichever customer wins the bet. That’s a guaranteed profit of $10, and since sportsbooks take far more than a single bet in either direction, they stand to earn that seemingly small amount of profit many times over. The $10 difference between what you wager and what you win is known as juice or vig in the sports betting industry, and it’s the way books earn their bread and butter.
One of the main reasons that sports bettors like to bet is the action and excitement of winning and losing. Many sports bettors would rather take the risk of winning or losing than having the option of pushing (a tie) on their bets. For this reason, many sportsbooks offer what are called no draw handicap match bets. These are bets on an individual match that are designed so that there is never going to be a tie. In the standard handicap bet examples we used above, you saw that all of the bet options were in whole numbers. This allows for there to be draws.
The most common NFL spreads are usually set between about 2.5-10.5 points, but you will also almost always have games each week with spreads lower than 2.5 and higher than 10.5. In the event that the oddsmakers feel the game doesn’t need a spread, it would be set at 0 or what some call a pick’em (both teams are given even odds to win for this type of bet).
One of the biggest factors you will see change the moneyline odds is the news media. The news does a great job of sensationalizing stories as well as reporting changes that may or may not have an effect on an upcoming game. Recreational bettors have a tendency to overreact to news stories, especially ones that pull on the heartstrings. This can create some really awesome betting opportunities for you to jump on. Expert bettors and sportsbook executives always say that if you can be on the opposite side of the general public on a bet, you’re probably in a good spot.
On the other hand, betting which team is going to score first is a bit of a crapshoot. Sure, you could try and predict who has the better chance of winning the opening toss, but even then it’s going to be a bit of a gamble to predict which team scores first. If you’re betting on this bet, you’ll only be guessing, and therefore have no way to exert an edge over your competition.
Baseball, soccer, and ice hockey are mostly moneyline betting, since these sports do not have point spreads moneylines are the default way of wagering. Football and basketball do have moneylines in addition to point spreads. In recent years, football moneylines have become extremely popular among sports bettors. Moneyline betting is based on the amount bet per $100. Let’s look at look an example of a baseball moneyline:
When betting on the underdog, the first step is the same. Divide the positive moneyline by 100, which in the case of the Grizzlies in the above example would give you 2.10. Then, multiply your stake by that number to get your potential winnings. $450 multiplied by 2.10 is $945. Essentially, this means if you risked $450 on the Grizzlies, you would stand to win $945.
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.
--Fractional odds are most commonly found in racing. A 10/1 payout should be read "$10 paid for every $1 wagered." When the bigger number is on the left, you will find that bet is normally an underdog in the race. Also note, however, that in case such as "Who will win the Super Bowl in the NFL?" you will see all the teams listed as "underdogs"… i.e. paying at least 2/1 (some up to 300/1 or more).
For example: New England –2.5 (–110) or Philadelphia +2.5 (–110) means you’d wager $110 for the chance to win an additional $100 if you bet on the point spread. Depending on which side is receiving the most action, a sportsbook will often move the line up or down in order to incentivize betting on the less popular side. Injuries or unforeseen changes can also impact a point spread gambling line. Point spreads are often listed with a half-point (ex: 2.5) in order to prevent the final margin from landing exactly on the point spread (ex: 10-point spread, final score of 20–10). A “push” or “tie” usually goes to the house or sportsbook, unless another arrangement has been agreed upon beforehand.
We already know that the only thing that causes the moneyline to shift are the bets that are coming in. However, we should talk about what factors will cause the betting patterns of the public to change, and in turn, cause the moneylines to move. This will go hand in hand with the following betting strategy section. If you can master predicting when and how lines are going to move, you will crush sports betting and moneyline betting.
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.