Apply the spread. In point-spread betting, the actual final score of the game is only the starting point. Say Chicago beats Detroit 24-17. Because Chicago was the favorite, you subtract the point spread from its final score. That's the purpose of the minus sign in the spread. The spread was 6, so you take 6 points away from Chicago's point total, giving you an "adjusted" score of Chicago 18, Detroit 17. If you'd bet on Chicago, you'd have won the bet. Now, say Chicago won the game 20-17. Subtracting the 6 points from Chicago's total gives you a final score of Detroit 17, Chicago 14. If you'd bet on Chicago, you'd have lost.
Sports betting is not just about being able to pick out the winner and loser of a game. Because of the various different bet types, there is a lot of different strategies that goes into how you approach them. Point spread bets are no different. One of the biggest tips we can offer is to make sure that you fully understand what you are betting on. A great pick is only great if you actually put your money behind it correctly. Thankfully, this guide should have you fully prepared for that.
When you’re looking at over under bets, what you need to know is that that’s the combined score of the two teams for a game. In this case, it doesn’t matter who wins the game. All that matters is the final score. For example: let’s say that the New York Yankees are playing the Boston Red Sox and the total is 9.5. It doesn’t matter who wins the game but if the two teams combine for a total score of eight runs, say with a final score of Boston winning 5-3, then the game goes under. Or if the two teams combined for 10 runs – no matter who wins – then the game goes over. So when you’re looking at the odds and you see a total next to the moneyline or point spread, that tells you the over-under that is set for the game and you have to decide whether it will go over that set amount or under.
The last number in the top two rows of our sports line example is known as the money line. If you’re not interested in betting on the point spread, you can wager on a team to win outright. The plus sign next to the underdog (in our case, the Giants) indicates how much money you’ll earn for every $100 you bet on the money line. Conversely, the minus sign next to the favorite’s line tells you how much you have to wager in order to win $100. In our example, a $100 wager on the Giants earns you $300 should they pull off the upset, while a bet of $405 on the Cowboys will net you an extra $100. Representing odds in units of $100 makes placing different size bets easy; if you want to bet $10 on the Giants, you stand to earn $30 if they win, while a $40.50 bet on the Cowboys will net you an additional $10.
The term moneyline is actually somewhat misused in sports betting as it really just means a type of odds format. Technically, it is a way to represent the odds/payouts for a win bet, but we’re not going to split hairs. What we’d like to point out is that the odds on each participant in a sporting contest can be listed in one of three different formats.
Remember, these calculations are for your profit. Profit is different than the total money returned that you will get from the sportsbook. If you correctly bet the Falcons to win, the sportsbook will return you $340. This will be your $240 in profit as well as your $100 bet that you made. Make sure that you pay attention to this when working with these numbers because we see people get confused all the time as different sportsbooks will give you different numbers.
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).
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.
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).
These are the point spread bets available for three preseason NFL football games. Let's start by identifying all of the elements of these bets so that you know what you're looking at. The first column is the two teams that are competing. This should be pretty straightforward. The next thing you will see is a plus or minus sign on each team's line. Teams with a minus sign in front of the number are the favorites and teams with the plus signs are the underdogs. In the above examples, the Chiefs, Seahawks, and Chargers are all the favorites. The Bengals, Broncos, and Cowboys are all underdogs.
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)
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.
As you may already be assuming, adjustments are made if you want to bet on the Razorbacks. The point spread for the Razorbacks would be set at +7. It will always be the exact opposite of the other team. As the negative sign represents the favorite, the plus sign here represents the underdog. If you were to bet on the Razorbacks, they can actually still lose, and you win your bet.
We're often asked a question along the lines of "why would I place moneyline wagers rather than point spread wagers?" There's no simple answer to this question really, as point spreads and moneylines shouldn't be viewed as "either/or" options as such. You don't have to decide that you're always going to bet on the spread, or that you're always going to bet moneylines. These are two different wager types that have their own merits, and any bettor should have them both in their arsenal.
Before we go any further, we want to point out some of the reasons moneyline bets are so popular and are utilized so frequently by professionals worldwide. You should always understand the importance of something before you dedicate your time and effort into learning about it. Let’s take a look at the benefits of moneyline bets in your future winning sports betting strategy.
Of course, it wouldn’t be. Everyone would bet on Mike Tyson, and the sportsbook would lose all of their money and close the next day. So what the sportsbooks do is they assess who is the favorite and who is the underdog and assign a value to how much in each direction they think they are. Let’s look at what the odds might look like for our fictitious fight and break down what everything means.
Score three is usually the one that confuses people. Remember, when betting on point spreads, the favorite has to win by more than the number of points they are projected to win by. The underdog can lose the game, and you can still win your bet as long as they don't lose by more points than they are spotted. In the above example, if you were to bet on the Chargers at +3, you can imagine that like you have three bonus points to play with. You can lose by one point or by two points and still win the bet. If you bet the Chargers at +3 and lose by three points, it is a tie.
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.