Each week you'll submit who you think will cover each football game based on the point spread entered by your pool administrator (see below for an explanation of point spreads). For the last game of the week (usually Monday night) you will specify the total number of points you think will be scored in that game. For each game you choose correctly, you will receive 1 point. The player with the most games chosen correctly will win the pool for that week. If there is a tie, the player that is closest to the actual total points scored in the last game of the week will win the tiebreaker. If there is a tie after that, the winnings will be split up between those players.
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.
Futures are wagers on long term events which generally won’t have a result for many weeks or even months. The most popular type of futureswager is placed on the outright market which basically means, who will win a league’s championship? FanDuel also offer many other markets outside of the championship, usually including divisional and conference wagering. The odds on futures change as the event gets closer and more is known about the teams. Very often odds will also be updated as the tournament or league progresses.
With some betting sites odds, certain games are priced differently than risking $1.10 to win $1.00 (which is called -110 odds). For example, you might see the Giants priced at -105 and +7 in a game against the Jets. Now, you only have to risk $1.05 to win $1.00. This is obviously better odds, but it's very likely that they will lose by exactly seven to give you a push. Taking -110 and +7.5 with an alternative bookmaker is actually the better bet.
You’ll need to know how the rotation number, point spread, moneyline and over/under are used and what each means. Each of these terms may be called by another name. The rotation number if often referred to as the number or the rotation mark, moneyline becomes line, point spread is called the spread, and over/under becomes the total. When you come down to it, these are the major terms that can be lumped under the heading odds.
In theory, sportsbooks don't care about the outcome of a game, although for those of you who bet on the Steelers (-5.5) last season versus the Chargers and saw a game winning TD returned by S Troy Palumalu as the game expired reversed, thus negating a seven point victory and putting the final at 11-10, you might think otherwise, but this is how it's supposed to be.
Especially in major tournaments, some sports books offer odds on unusual golf propositions, such as the over/under on the winning score, the over/under on the lowest round by any golfer or the over/under on the finishing position by a particular golfer. For example, the over/under on Woods' finishing position may be 3 1/2. If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash.
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).
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.
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.
Money line bets are on offer on all major sports. In the NFL, baseball, the NBA and the NHL, the money line traditionally goes alongside the point spread bets – in many cases being the least popular, especially in football and basketball. In many sports there is no point spread, motor sport being a good example, so in a sport like this, the money line is the only way to bet on the outright winner. Sports with small margins of victory are also popular money line wagers – soccer being an example, where point spreads are possible, but because of the lack of goals, the money line wager is preferable (the same can apply to baseball and hockey – although puck lines and run lines are a way for the gambler to enjoy point spread betting in these).
If you place wagers on US sports, then chances are high that you've heard of point spreads. Here's how they work; if a game has Patriots -9.0 and Vikings +9.0, the Patriots are 9.0 point favorites and the Vikings are 9.0 point underdogs. Unless otherwise stated, no matter which team you bet on, you'll be required to risk $1.10 for each $1.00 you want to win. For Patriots bettors to prevail, they need their team to win by 10 or more points. A 9-point Patriot victory would be a push (a tie). For Vikings bettors to take home the victory, they need to either win the game or lose by less than 9 points.
This is a type of betting line which lays out the amount a player must wager in order to win $100.00, or the amount the player wins on a wager of $100.00. There is no point spread or handicap in this line. In order to win a moneyline bet, the team wagered on simply has to win the game. Payoffs are based on true odds rather than fixed odds. The amount the player lays or takes may vary from game to game.
Oftentimes you’ll see a point spread that has a half-point added to the number. Of course, there’s no such thing as half a point in a football game, so why do we so often see point spreads with a (.5) attached to the score? Sportsbooks do this to make sure there isn’t a chance of a push. Let’s take another look at our game from above with the half point added.