If the public comes out and bets really hard on one side, the line is going to move a lot making the odds worse on that side and a lot better on the other side. If you’re planning to bet against the public, you should wait to bet until the line moves as far as you think it is going to. Be careful, though, if you wait too long and some big money bettors bet, they can move the line back.
Why is this important? If you’re only looking for a fun sweat, it does not matter at all. But, if you’re looking to be a winner and making money long-term is important, then this becomes critical. For those of you profit-minded bettors, make sure that you are only betting on the prop bets that require quite a bit of skill. These bets will be the ones that your knowledge, research, and expertise will help you win over the long run.
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.
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.
Remember with bets like this you can still be profitable by betting several options. Let's say you think Chelsea is going to win, but you also think Manchester United, Liverpool, and Everton also have a shot. If you were to place a $100 wager on all four of these teams, you would still turn a profit! Let's pretend you did this and say that your last pick Everton pulls it off and wins the regular season according to the sportsbook. Remember, they don't have actually to win, they just need to be on top after the sportsbook makes the point spread/handicap adjustments to the final rankings.
An over-under bet in basketball is a wager on whether the total score for the game from both teams will be above or below a certain threshold. This is a great bet to utilize when you think that a game will be defense heavy and both teams will be shooting cold, or when you think that it’s going to be a barn burner with both teams shooting lights out.
According to an article in The Times dated 10 April 2009, approximately 30,000 spread bet accounts were opened in the previous year, and that the largest study of gambling in the UK on behalf of the Gambling Commission found that serious problems developed in almost 15% of spread betters compared to 1% of other gambling. A report from Cass Business School found that only 1 in 5 gamblers ends up a winner. As noted in the report, this corresponds to the same ratio of successful gamblers in regular trading. Evidence from spread betting firms themselves actually put this closer to being 1 in 10 traders as being profitable, with a high number of clients suffering from the volatility that is supposed to be one of the benefits of spread betting.
Many people will say that the odds on a spread bet are even, paying 1:1. But this is not true. The actual odds are 0.90:1. For every dollar bet, you can win 90 cents. When checking out the spread, you’ll usually see a number listed next to each spread. That number, which is your stake, is posted as -110. This number tells you how much you have to bet to win $100. If you put $110 on either team, you stand to win $100. If you bet $11.00, you can win $10.00. Every NFL point spread works this way.
That was all before Charles McNeil, a math teacher from Chicago, invented the concept of the point spread. An avid gambler, McNeil created what he called “wholesaling odds” and started his own bookmaking operation in the 1940s. He started out offering this new style of betting on football, but his business model grew to include basketball. McNeil changed the way sports betting was done, and his legacy lives on today in what we now call the point spread.