Actually handicapping games is far from simple though. Or, at least, handicapping them well is. There are all kinds of different factors that can affect the outcome of a game, and you need to take as many of them as possible into account. You also need to assess just how much of an impact those factors will have, and try to accurately evaluate just how likely a team is to win. For more advice on how to do this, please see the following article.

##### 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.

It's inevitable in sports and basketball that in each game one team is going to be better than the other. Betting would be a little pointless if you were able to make the exact same wager on each team. Everyone would just always bet the better team, and the sportsbook would quickly be out of money and have to close up shop. What point spread bets attempt to do is even the playing field and offer bets with the same risk level on both sides of the coin. They effectively aim to create a 50/50 even playing field.

*To show how this can be exploited, take a point spread of -8.5 at odds of -110. This is a 50/50 proposition. Let's assume you've purchased enough points to move the spread to -6.5 at odds of -150. Now, you'd win instead of lose 6.24% of the time they win by 8, and 6.59% of the time they win by 7. Add these together with the 50% from the original proposition, and we get 62.83%.*

**As you might guess, you’re mainly going to see American odds in American sportsbooks. The other two formats are much more prominent in Europe and Asia. If you’re betting online, most sportsbooks give you the ability to change all of the odds on the site into the format that you prefer. No format is different regarding payouts; it’s just a different way of presenting the information.**

__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 in sports is a figure set by oddsmakers to provide an advantage or disadvantage based on the margin of victory or defeat for a given team. The “favorite” team (labeled with a “-” sign) would be at the disadvantage as they would need to win the game by a set number of points while the “underdog” team (labeled with a “+” sign) would be given an advantage to not lose the game by a set number of points. The reason oddsmakers do this is to provide betting interest for both sides due to one team typically being better than the other.*

**Let’s say the sportsbook has a series of bets that are all +250. You think in reality that the bets should actually be +125 and that the bet is not as big of an underdog as the sportsbook thinks. This means that you think you deserve $125 for every $100 bet that wins but the sportsbook is going to pay $250. Even though you think that the bet is still supposed to lose, you should make this bet.**

**In the sections below, you’re going to find A TON of information to help you succeed and crush NBA betting. You’ll find free expert picks, information on where to place your bets, betting strategies specific to the NBA, and a full breakdown of all the different types of bets you have at your disposal. With this information, you’ll have everything you need to get the job done and start raking in the dough.**

Moneyline bets can be presented in three different formats including moneyline, decimal, and fractional. While these will look very different, they will tell you the exact same information about the bet including who you are betting on, who the favorite or underdog is, and what the potential payout you would receive from a correct pick. We will cover all of this in the next few sections.

In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you.

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.

#### Understand that negative odds indicate how much money your must spend to make $100. When betting on the favorite, you take less risk, and thus earn less. When betting on a favorite, the moneyline is the amount of money you need to spend to make $100 profit. In the previous example, in order to make $100 of profit betting for the Cowboys, you would need to spend $135. Like positive odds, you earn back your bet when winning.

**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.**

__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.__

**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.**

## 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.

*If the team is an underdog, then the moneyline number represents exactly how much you would get paid in profit for a correct pick. So if we were to bet $100 on the Boston Celtics and won, we would get paid $145 in profit. Seems easy enough, but you may already be asking what happens if you don’t want to bet in increments of $100. This is totally fine and still straight forward to figure out.*

The only real downside to betting basketball point spreads is that the sportsbook charges a vig. While this is a downside, it is to be expected and is no different from placing any other sports bet. Obviously, the sportsbook has to make money somehow because they have to pay employees, pay for their servers or equipment, and pay for their customer service to keep you happy. This really isn't a negative about point spread bets, but just something that you should be aware of.

###### For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring 345 runs both buyers at 350 and sellers at 340 would have ended up with losses of five unit points multiplied by their stake.

In the sections below, you’re going to find A TON of information to help you succeed and crush NBA betting. You’ll find free expert picks, information on where to place your bets, betting strategies specific to the NBA, and a full breakdown of all the different types of bets you have at your disposal. With this information, you’ll have everything you need to get the job done and start raking in the dough.

`Earlier, we explained how the implied probability of -240 is 70.59% and how the implied probability of +210 is 32.36%. Notice these two probabilities total 102.95%. The extra 2.95% is the bookmaker's advantage. It's called vig, and it's basically a commission that they charge customers for placing wagers. By removing the vig, you can see what the fair odds on the game would be.`

## 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.

__We go in depth on this in the advanced guide on understanding value that we referenced earlier, but we will give you a brief intro on it here. If you’re able to calculate the percentage chance that you have to win in order to break even, and you can figure out the percentage chance that you think you’re going to win the bet, you can figure out very quickly if there is value.__

__As an illustration, let's look at Super Bowl futures. Sports books list each NFL team with corresponding odds to win the Super Bowl. For example, the Ravens may be 5-1, the Redskins 12-1, the Cardinals 100-1, etc. If you place $10 on the Redskins and they go on to win the Super Bowl, you collect $120 plus your $10 back for a total payoff of $130. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl.__