Betting against the spread or ATS, as it's known in the sports betting industry, is among the toughest bets to turn a profit in over the long run. When looking at a team's record, the only thing that matters to them is winning the game outright and moving up in the regular-season standings. Teams like Golden State or the New England Patriots are generally always among the best teams in the league (straight up) but are typically a bad bet to make ATS. The reason for this is because the better the team is, the more public attention they draw and the higher the point spread is. Sportsbook know which teams the public darlings are and as such inflate the spreads in order to take advantage of how overvalued the public makes them. A team like the Patriots could go 14-2 every season but they could be a dismal 7-9 or 6-10 against the spread because they are laying more than 10 points in every game.
The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker. Each risks $110, meaning there is $220 to be won. The winner of that bet will receive all $220. However, if he had made that $110 bet through a bookmaker he would have only won $100 because of the vig. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig.
When betting the point spread, there is almost always a winner and a loser. However, in some instances sportsbook decide to put out a whole number such as -3 for bettors to bet on. If the final score ends with a differential of three points - no matter who wins - the bet is considered a "push" and all money is refunded to both sides since neither team covered the spread.
As we did with the underdogs, we need to figure out how much we will profit for each $1 that we wager. For underdogs, we divided the moneyline number by 100. For favorites, it is the exact opposite. We will take 100 and divide it by the money line number. So, for this example, we will take 100 and divide by 155 and get about $0.645 or about $0.65 in profit for every dollar that we bet.
Let’s take a quick step back and talk about what the sportsbook’s goal is with any game they are offering action on. Ideally, the sportsbook wants to take the perfect amount of action (money bet) on each side of a game so that regardless of who wins, they make money. Their profit comes from taking a small percentage off of the top as a house fee for facilitating the action.
You've probably noticed by now that in the first game there are no odds posted in parenthesis to the right of each team. This means that the sportsbook is paying out both bets at the standard odds for a point spread bet of -110. Some sportsbooks will write the -110 in, and some will just leave it blank assuming that you know they will be paying out at the standard odds rate.
You can never rule out the weather in sports. If there is a team or contestant who does better in certain conditions but worse in others, you’re going to see a line movement if the conditions change. For example, a football team that has a strong passing attack might become less of a favorite if rain pops up in the forecast. Often, the line does not shift as quickly as it should in response to changing weather conditions, which can create some good opportunities to find value.
Bets on "Race to X Points / Race to X Goals..." and similar offers refer to the team/participant reaching the earliest particular tally of points. If the offer lists a timeframe (or any other period restriction) it will not include any other points tallied from other parts of the event which are not related to the mentioned time frame. Should the listed score not be reached within the stipulated time frame, all bets will be declared void, unless otherwise stated.
A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash. All the G-Men have to do is come within 8 points of the ‘boys, and you’re a winner. You determine a winning or losing point spread by adding or subtracting 7.5 from the final score, depending on which side you laid your bet. If you’re confident that New York will at least come within a touchdown of beating the Cowboys, or beating them outright, then you’d wager on the spread in favor of New York.
A money line, used in baseball and hockey, takes the place of a point spread. Money line betting is simply wagering on the contest based on a given price rather than a point spread. The team wagered on has to win the game outright, regardless of the score. The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100. The plus sign (e.g.+120) always indicates the underdog and the amount you win for every $100 bet. Using this example, therefore, you would bet $130 to win $100 on the favorite, while for the underdog you would bet $100 to win $120.
This should hopefully make perfect sense to you. Successful betting, on any sport, is all about finding value, so you should always look to get the best value that you can. If a moneyline wager offers the best value on a football game, then that's the wager you should be placing. If a point spread seems the best option, then go down that route. There may even be occasions where it's viable to place both wagers on the same game.
Have you ever heard of moneyline betting? It's an American term that's traditionally associated with betting on the major US sports. These wagers are available in other parts of the world too, but they're typically referred to as win bets. The same principle applies though. When you correctly select which team will win a match, you'll get paid out at the relevant odds.
A point spread in sports is a figure set by oddsmakers to provide an advantage or disadvantage based on the margin of victory or defeat for a given team. The “favorite” team (labeled with a “-” sign) would be at the disadvantage as they would need to win the game by a set number of points while the “underdog” team (labeled with a “+” sign) would be given an advantage to not lose the game by a set number of points. The reason oddsmakers do this is to provide betting interest for both sides due to one team typically being better than the other.