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)
Understanding how a moneyline wager pays isn’t simple but it’s not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.
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.
These bets are less popular as of now, but most sportsbooks are starting to offer them as they are growing in popularity. The reason for the growth is that more people are starting to understand them and see that they can help you cut down some variance and risk, while still ensuring that there is no draw. The reason for the name is that these bets are growing extremely quickly in popularity in the Asian countries and betting markets. Most online sportsbooks are starting to offer these fairly regularly now.
Point spreads are determined by football 'experts' to even the playing field between two teams. Normally one team will be favored to win over another team. These 'experts' determine the number of points that one team will beat another team by. For example, Chicago is favored to beat Minnesota by 10 points. On the web site it will appear like the following:
For those who are just starting to place sports wagers online, moneylines can be a bit confusing and overwhelming. They differ from point spreads, which are more concerned with the winner and by how much they win. With moneylines, the winning bet will be based on who wins and that is it. These types of bets are usually placed when betting on low-scoring games such as hockey or baseball, but they can also be an option with boxing and some mixed martial arts. The key to understanding moneyline betting is learning how to read the lines. Bettors will usually see a + and a – amount after the listed teams. The – indicates the favoured team. Let’s say there is a moneyline of +120 and -130. The -130 is the favoured team and will cost $130 in bets to collect $100 on a win. If punters choose to bet the underdog at +120, they will bet $100 and will win $120. Basically, one will have to wager more on the favoured team to come out ahead.
How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate.
If bettors were quick to jump on the Atlanta line at +4.5 when it first came out, they would have a distinct advantage over those who waited closer to kick off and were stuck with +2.5. The opposite holds true for Carolina. Bettors that were quick to pull the trigger are now laying two more points than they would if they were patient and saw the line movement before making their move.
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.
If you are betting on a sport where there are multiple entrants, like in a race or tournament, you may find that every entrant is paying out at favorite odds. This is because it’s much more challenging to pick a winner from a large field, and the sportsbook will be rewarding you for that. Just know that when you see the plus sign, you will be getting paid better than even money for a correct pick.
Single day matchups are wagers on the complete 18-holes for that day. Holes played as part of a completion from the previous day's round, and playoff holes are not included in Single Day matchups. The full 18 holes will be considered in determining the outcome of the bet even if they are played on consecutive days. If both members of the matchup do not complete the full 18 holes, all bets are "No Action". If both players end the 18 holes in a tie, the bet is considered a "No Action" wager.
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.
The first thing you’ll notice with moneyline odds is that there is either a positive or negative sign in front of the number. What that sign denotes is how much you’ll win betting on each side. If there’s a positive sign next to the odds, that indicates the amount of money you would win if you bet $100. If the odds on a tennis player said +150, that means that for a $100 bet, you would win $150. Now if there is a minus sign in front of the odds, that is the number that you would have to bet in order to win $100. For example, if a football team was -250, that means you’d have to bet $250 to win $100.
So, how do you sign up for these picks? Do we need a credit card? NOPE! All of this is completely free and doesn’t require you to sign up for anything. We know that normally this level of information is charged for, but we’re fans of shaking up the game. Click the link below, and you’ll be whisked away to see all of the real-time picks our expert bettors are currently making or planning to make on upcoming games. Bookmark that page, as the picks are updated daily throughout the NBA season and post-season.
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.
For example, let’s say you’re thinking about betting on something that is -3500. You are almost 100% sure that you’re going to win this bet. If you bet $100 on this bet, you’re going to see a profit of $2.86. Again, this might be worth it to you. An almost 3% return on a sure thing might be something that you’re interested in. However, if you’re looking to make any meaningful profit, you’re going to have to risk a lot of money. To win $100, you’re going to have to risk $3500.
The sportsbook is not going to have props conveniently labeled as “skilled NBA props” and “gamble, gamble props,” so it’s up to you to use your common sense to decide which bets you should be getting involved with and which you should be avoiding. Remember, unskilled entertainment prop bets are not bad as long as you know that they can’t be beaten long-term unless through sheer dumb luck.
This arrangement tells us a lot: which team is home (listed on bottom, in this case the Seattle Seahawks), which team is the underdog (listed with a plus sign next to their name, in this case the New England Patriots), we know which team is the favorite (listed with a minus sign next to their name, in this case the Seattle Seahawks), and we know the point spread (2.5 points).
For example, imagine a game where the odds were -550 for the favorite and +450 for the underdog. A bettor shopping around for lines might be delighted to see the same favorite offered at -490 and enthusiastically back the team at those odds simply because those are the best odds available. However, if we removed the vig from -550 and +450, we'd see that the fair odds are actually -466 and +466. So, placing a wager at odds of -490 doesn't actually offer any value.
It is important to note the difference between spreads in sports wagering in the U.S. and sports spread betting in the UK. In the U.S. betting on the spread is effectively still a fixed risk bet on a line offered by the bookmaker with a known return if the gambler correctly bets with either the underdog or the favourite on the line offered and a known loss if the gambler incorrectly bets on the line. In the UK betting above or below the spread does not have a known final profits or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler.
In this example, we have a favorite to win, and an underdog. The Packers are the favorites, and that is shown by the (–) value in front of the 6. Underdogs are represented by the (+) value. The 6 point value is how many points either team could win, or lose by. If you think the Packers will win by MORE than 6 points, then you’d bet on the favorite in this case, meaning that the Packers have to win by 7 or more points in order for you to win your bet.