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.
Another form of futures betting involves the over/under on the number of games a particular team will win in the regular season. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. For example, the over/under on the Yankees may be 93 wins. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded.
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.
Handicap league bets are quite similar to the bets we've already talked about except you are now betting on a team's performance across the entire course of the season. Bets are made at the beginning of the season before the first game is played and are not paid out until the last game of the season has been played. Here is a screenshot of some handicap league bets on Premier League soccer.
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.
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.
If you’re new to sports betting or are a seasoned bettor looking to make some tweaks to your strategy, including moneyline bets could be a great move. They’re simple to learn and provide a fantastic way to add serious profit to your betting strategy. Don’t let their simplicity fool you. It still takes quite a bit of skill to beat them. But if you take the information we gave you here and really search for value opportunities, you’re hopefully going to be able to come out on top. Remember, sports betting is a marathon and not a sprint, so make sure to think long-term.
With money line bets the goal is to pick the outright winner of a game or event without the use of a point spread. While money line betting is available for sports where point spreads are used, they’re most popular in sports like baseball and soccer where very few points are scored. Money lines are also used for sports where points do not determine the winner or loser, as in auto racing or tennis.
Let's use this formula to calculate the implied probability of the Celtics winning their game against the Grizzlies. We know the odds are -240, which means we'd have to risk $240 for a total potential return of $340 (the initial stake plus the $100 winnings). So the calculation here is $240 divided by $340. This gives us an implied probability of 0.7059.
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.
In this baseball matchup, the St. Louis Cardinals are the moneyline favorite. For the bettor to win $100, he will need to wager $150, risking $150 to win $100. If the Patriots lose, the bettor will lose his original stake of $150. The Pittsburgh Pirates are the moneyline underdog in this matchup. A $100 dollar wager will win the bettor $140, risking $100 to win $140. Again, if the Pirates lose the bettor will lose his original stake of $100.
The National Basketball Association (NBA) has always been a staple of the sports betting community. As a part of one of the big four sports, bettors have been working to develop systems to best the basketball betting industry for decades. Some have succeeded and enjoyed the spoils, while some have fallen. Our guess is that most of those who have fallen did so due to a lack of effort, a lack of information, or just no knack for the sport.
Let’s say that a ton of bets pour in on the Mavericks. In order to encourage more bets on the Celtics and even things out, they might move the line to 5 ½. This means that a bet on the Mavericks would now win only if they won by more than 5 ½ points instead of 4 ½. This would discourage more people from betting on the Mavericks, as they would have to perform much better to get you the victory.
If the bookmaker was only confident enough to give Seattle a field goal’s lead on the Patriots, it was clearly going to be a tight game. Oddsmakers aren’t often that wrong about flagship games like the Super Bowl. All things being equal, it’s likely the betting public would have taken the Seahawks to win the game and have been done with it. But throw in the point spread that gave the Patriots 2.5 points, and the proposition seems more equal.
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.
Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.