In sports like football and basketball, the moneyline is considered as the secondary option next to point spreads. Points spreads are the way that most people get their action in on basketball betting and football betting because the payouts are near doubling your money and it’s a fun way to handicap the game. Betting the moneyline in those sports is less popular because you might have some big mismatches and then it becomes too challenging to have faith in the underdog winning outright or too costly to bet the favorite.
If a fight is scheduled for more than four rounds and, after four rounds, an accidental foul occurs which causes an injury (further to which the referee stops the fight), the fight will be deemed to have resulted in a technical decision in favor of the boxer who is ahead on the scorecards at the time the fight is stopped (and all markets on the fight will stand).
If you've never set foot in an actual sportsbook before or logged into an online sportsbook, the chances of you getting overwhelmed when you actually do are very high. In an actual Las Vegas sportsbook, there is typically a lot of commotion and the odds and lines are displayed on a massive digital board for everyone to see. When a novice sports bettor looks at the massive digital signage, they will see a bunch of numbers, both positive and negative, some two digits, some three digits. They also won't have a clue what any of it means. The same can be said for the online sportsbooks. It essentially looks like a massive spreadsheet with negative and positive numbers beside each teams' name.
Although the examples from above are in $100 increments, you don’t actually have to bet those exact amounts. That’s just how the odds are set up so that everyone is on the same page. With a quick glance at the numbers, you can tell who is the favorite, who is the underdog and what type of payout you can expect on each. You’re free to bet $5, $500 or whatever amount fits your budget. If you want to find out the specific betting limits for each option, browse through the betting sites rating guide in order to find the sportsbook that better fits your minimum and maximum limits.
With NFL odds the over/under can vary but usually it’s somewhere between 35 and 47 points. Let’s say in the Colts and Bengals game that the total is posted at 37.5. If Indy scores 27 and Cincy gets 13 points, the total would be at 40 and the over would win. But if the Colts rack up 35, and they shut out the Bengals, the total of 35 would be under.
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.
There are some major differences between the two that all punters should be aware of. One of the great things about betting online is the offering of betting tutorials. With these, the newest punters can learn all about the different types of bets, how to place them and what odds they carry for winning. For those that are looking to enjoy amazing betting options and superb odds, there are many trusted and respected online casinos in canada that offer sportsbook action and awesome chances to collect payouts.
When wagering against the spread, you bet on the team that will cover the betting line, and not necessarily win the game. Obviously by taking the favorite, a bettor believes that team will not only win the game, but also win the game by a certain number of points to cover the betting line. But when wagering on the underdog, that team does not necessarily have to win the game to cover the line. For examples of point spreads and how those bets are won, please keep reading below where we explain betting odds for the spread in detail.
While we're going to cover this extensively in the moneyline section of the Basketball Betting Guide, we'll touch briefly on what the -110 means here. -110 refers to the moneyline payout for a particular bet. If you were to bet $100 on a basketball point spread paying -110 and win, you would be paid out a profit of $90.90. The easy way to figure out the amount you will get paid with minus moneyline odds is to divide your bet size by the absolute value of the betting odds and multiply that number by 100.
Identify the type of line you are looking at. All online sports books offer you the chance to have your lines in an "American" or "Money line" version. If I were you, I would use this as my standard. An "American" line uses either a + or - before a number to indicate odds. So a -120 and a +120 are two very different odds on a team… I will explain the differences shortly. Two other less common variations exist: decimal odds and fractional odds.
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.
When betting on the favorite, simply divide the negative moneyline by 100 to get a decimal. If you were planning to bet on the Celtics in the above example, this would give you 2.40 (ignore the negative). Now all you have to do is divide your stake by that number in order to see what your potential payouts would be. Let's say you wanted to stake $650. When you divide that number by 2.40, you'd see that your potential payout is $270.83.
Is there value there? Yes. Are you going to make money off that bet? Well, it depends. If you’re only able to make a bet like this once, then you’re most likely going to lose. In order to realize that value, you’ll need to be in a lot of similar opportunities. If you have a very long-term betting strategy, then you can probably get away with making this bet. But if you’re looking for some more regular profit, you might want to steer clear of this. The odds say that the team is only going to win the game a little under 3 times for every 100 times they play. There is value there, but it depends on your betting strategy if you want to make that bet.
What may look like a jumble of words, numbers, and punctuation is actually a precise and easy-to-read breakdown of the various odds and point spread details your book is offering. Here is a breakdown of each unit of information given above. Once you understand each part of the jumbled details above, you’ll be able to read a sports betting line with confidence.
This highlights a notable advantage of the moneyline wager. You get to control, to some extent, the risk versus reward. For example, you might be quite certain that the Cardinals are going to win this game, but not convinced that they're going to cover the spread. So a moneyline wager is the safe option. There's less money to be made, but less chance of losing. On the other hand, you might think that the Packers are going to cause an upset. Rather than betting on them to cover the spread, you can bet on them to win outright. There's less chance of winning such a wager, but the potential returns are much greater.
Bookmakers use odds to even out the bets, getting gamblers to wager on both sides of the line by leveling the playing field. Although there is overall parity in the NFL, there are teams that are haves and others that are have-nots. Indianapolis is still superior to Cincinnati but when they play each other the bookies have to get about half of the bettors to put cash on the Bengals. This covers the sportsbooks ensuring they’ll make a decent amount of cash on just about every game.
Sports betting has been around since 1000 B.C in China, where betting on animal fights was commonplace. In ancient Rome, one could wager on the Gladiatorial games. The idea of betting on sports is as old as organized sport itself. But up until the 1940s, bettors were fairly limited in what kind of bets they could make. The standard system of odds would allow bets on, for example, the 3-1 odds that the Steelers would beat the Browns.