__--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).__

*In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. Thus, moneyline odds are also commonly referred to as American odds. They can be either a positive number or a negative number. A positive number shows how much profit a winning wager of $100 would make, while a negative number shows how much needs to be staked to win $100.*

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.

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.

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`In general, the betting public tends to gravitate towards favorites when betting the games regardless of the actual pointspread. This is especially true with high-profile teams such as Dallas and Green Bay in the NFL and Golden State and Cleveland in the NBA. The sportsbooks are well aware of this phenomenon and often times they will adjust the betting spreads accordingly. This, in turn, actually adds some value to the underdog when you consider that a pointspread is nothing more than a handicapping tool that is designed to even out the match.`

##### Now Arkansas can lose by up to eight points, and you can still win a bet on Arkansas. As the Arkansas line gets more appealing, more people will start to bet that side. The sportsbook will continue to manipulate the line this way up until game time to try and get the bets as even as possible. While they won't be perfect about it, they can usually get it close enough in most situations. It's also important to note that the line will sometimes shift by half points and it's also capable of shifting back in the other direction if too much money comes in on the other side.

Oftentimes a point spread will not be a whole number, and will be accompanied by a decimal point and a half number. This can be significant for a point spread. Essentially what it comes down to is that a whole number point spread gives the opportunity for a wager to push. A push means that if the favorite is favored by 10 points and wins by 10 points, bettors get their money back. Just like when betting on the over/under total for points, the spread is a half-point in addition to the whole number, there is no chance to push.

`Moneyline bets will move the line based on the amount of money coming in on each side of the bet. It has nothing to do with who the sportsbook really thinks is going to win the game and everything to do with that delicate dance of getting the right money on both sides. For example, let’s say that the line for the Magic and Mavericks game is the following:`

`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.`

__Apply the money line. It's easiest to think of money lines in relation to $100. A minus sign means you have to bet that much money in order to win $100; a plus sign means that a $100 bet will return that much money. If you bet on Chicago at -110, you'll have to wager $110 in order to get back $100 (plus your original $110). If you bet on Detroit at +145, then a $100 bet will give you $145 (plus your original $100).__

`Oftentimes a point spread will not be a whole number, and will be accompanied by a decimal point and a half number. This can be significant for a point spread. Essentially what it comes down to is that a whole number point spread gives the opportunity for a wager to push. A push means that if the favorite is favored by 10 points and wins by 10 points, bettors get their money back. Just like when betting on the over/under total for points, the spread is a half-point in addition to the whole number, there is no chance to push.`

*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.*

This is different from a moneyline, where payouts can vary greatly because there is not point spread that is installed. It is simply picking the winner straight up. Therefore, a bet on the favorite would not profit as high as it would betting the spread since no points are given. Payouts on the point spread are not always the same, but they do not vary like a moneyline.

**Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives. In particular, the financial derivative Contract for difference (CFD) mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.**

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.

Spreads are frequently, though not always, specified in half-point fractions to eliminate the possibility of a tie, known as a push. In the event of a push, the game is considered no action, and no money is won or lost. However, this is not a desirable outcome for the sports book, as they are forced to refund every bet, and although both the book and its bettors will be even, if the cost of overhead is taken into account, the book has actually lost money by taking bets on the event. Sports books are generally permitted to state "ties win" or "ties lose" to avoid the necessity of refunding every bet.

*The point spread is a handicap placed on one team for betting purposes only, it has no place in the game itself. It's designed to give both teams an equal chance at winning in the context of wagers. Think of it this way: If last season's Super Bowl champion was playing a basement-dweller team that hadn't won a game all year, that's a shoo-in bet. Of course, you're going to take the Super Bowl champs, and in all likelihood, you're going to win. What's the fun in that? Even your bragging rights would be next to nil.*

Remember earlier when we said that most point spread bets in basketball pay out at -110? Well, this is where the vig is located. Sportsbooks will work to get equal amounts of money on both sides of a game and make their money off of the vig. If they are successful in doing so, it does not matter to them who wins the game. For example, let's look at our earlier example. Here are what the odds would look like at the sportsbook:

^{Here’s an analogy. Remember when you played basketball growing up with your older brother or the older kid from down the street? It wasn’t fair if you played straight up, so they would spot you a few points to try and even things out. For example, let’s say you decided that you would play to 10 points. They might spot you 5 points in order to try and make things fairer. }

^{These are the handicap bets that we have already talked about. These are your straightforward bets that pay out according to the spread and odds posted. Draws are treated as a loss with this format. If you just scrolled to this section first, scroll up and read the general section about handicap bets because this type is addressed extensively with some great examples there. }

These are the handicap bets that we have already talked about. These are your straightforward bets that pay out according to the spread and odds posted. Draws are treated as a loss with this format. If you just scrolled to this section first, scroll up and read the general section about handicap bets because this type is addressed extensively with some great examples there.

`Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.`

*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.*

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.

In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. Thus, moneyline odds are also commonly referred to as American odds. They can be either a positive number or a negative number. A positive number shows how much profit a winning wager of $100 would make, while a negative number shows how much needs to be staked to win $100.

###### However, there are some good values with teaser bets if you know how and where to find them. For instance, the six-point teaser is an especially effective bet in the NFL, where most games are tightly contested and six points can make a world of difference. For instance, in our previous example, the Bears would go from laying six points to simply needing to win if you put them on a teaser bet. Conversely, Detroit backers could get 12 points instead of the starting six. (Source: Doc's Sports Service)

^{Our recommendation is to take these strategies, understand why they work, and integrate them into your personal betting strategy. If you couple all of that with some good solid research and some hard work, you’ll be on the right road to profit. NBA betting isn’t easy, but it’s certainly beatable. With the tools we’re providing you here, you should know exactly what you need to do to get to the next level. }

*This is four different games you can bet on, right? Wrong. These are several different handicap bets that you can make on a single game of soccer. Each of the individual rectangles is the same as the point spread bets we talked about earlier. For example, the first rectangle is betting on Liverpool at -3, getting paid 6 to 1. This means that if you take this bet you need Liverpool to win by four or more goals and you will get paid 6 to 1, or $600 for every $100 you wager.*

`From time to time, DraftKings might decide to publish offerings referring either to the single performance of a participant or team; or offerings which combine the potential outcomes of 2 or more participants at higher odds than those normally available, also known as ‘Bet of the Day’. DraftKings reserves the right to withdraw such offers, edit the respective odds, and effect any further changes that might deem necessary at its sole discretion.`

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.

*Let’s say you decide to bet $100 on the Packers to win by more 7 points and the final score is Packers 30, Seahawks 21. The Packers have won by 9 points, meaning they’ve covered the spread, and you’ve won the bet. The -110 means that your $100 bet will win you a total of $190. That total includes your original bet amount, so your total profit is $90.*