Let’s say that the Mavericks and the Magic are playing in an upcoming game, and both teams are equal counterparts. Let’s say that the odds for that game are as follows. You will never see these odds, though, because in this example, the sportsbook is not set to make any money if they achieve their goal of getting money on both sides of the bet. But we need to look at it for you to better understand things.
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.

There is no magic formula for moneyline betting, you’ll simply need to pick your spots wisely and balance your risk versus your potential reward. In general, I think this means taking higher upside picks, such as underdogs rather than taking large favorites. However, bettors should analyze each game independently looking for value in both favorite and underdog moneylines.


For example, imagine a game where the odds were -550 for the favorite and +450 for the underdog. A bettor shopping around for lines might be delighted to see the same favorite offered at -490 and enthusiastically back the team at those odds simply because those are the best odds available. However, if we removed the vig from -550 and +450, we'd see that the fair odds are actually -466 and +466. So, placing a wager at odds of -490 doesn't actually offer any value.
As you can see, the public seems to think that Florida is going to win this game by more than seven points. If the game started now, the sportsbook would stand to lose a lot of money if Florida did in fact win by more than seven points. They would stand to make a lot of money if Florida lost or won by less than seven points. Regardless of how the sportsbook thinks the game will go, they are not in the business of gambling. They want to guarantee profit as often as they can.
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.
Another thing to consider is popular winning margins, which are particularly applicable to football. Consider that many tight games may finish with either a three point or a seven point margin. If the point spread is around either of these marks, make every attempt to be the right side. For example, if you were to back a team that is either 2.5 or 3 point favorites, you’d want to back them at the 2.5 mark, as if they were to win by 3 you’d win as opposed to a push.
By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being
‘Extra-Time’ wagers apply to 30 minutes of play according to the match officials, plus any added injury or stoppage time. However extra-time and penalty shoot-outs are not included. In ‘Extra-Time’ markets, wagers apply to the result during the extra-time period only. For the purposes of this market the score shall be deemed to be 0-0 at the start of the extra-time period.
For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring 345 runs both buyers at 350 and sellers at 340 would have ended up with losses of five unit points multiplied by their stake.

Identify the favorite: Lines with a - before the number (i.e. -200) indicate the favorite. A -200 should be read as: "For every $200 wagered, I win $100." When there is a negative sign, the line should always be read with relation to 100. That does not mean you have to bet that much, it's just easiest to understand! When a + sign is present, just reverse the reading, always keeping reference to 100:
Some professional or seasoned bettors only use the point spread bets and are wildly successful. Their success comes from making correct picks, not from overcomplicating the situation. We're going to walk you through the basics, and the mechanics of a basketball point spread bet, discuss the popularity and benefits, and offer some tips and strategies to help get you moving in the right direction towards profitability with these bet types.
We need to figure out how much profit we will get per dollar we are going to bet and then multiply that by how many dollars we are going to bet. If we divide the moneyline number by 100, it will tell us how much profit we will get for every $1 we bet. So, 145/100 = $1.45. For every $1 we wager, we will get paid $1.45 in profit for a correct prediction.
The number-one key to success here (as it is with any type of sports bet) is understanding what value is and knowing when and how to take advantage of it. Value, in a nutshell, is finding sports bets that are paying you at a better rate than you think they should. If you place enough of these bets to overcome variance, you’re going to be a long-term winner.
A “Win/Place” or “Each Way” bet (aka EW) refers to a bet where the chosen selection must either win or place within the payout terms. The bet is divided in two parts,the “Win” part and the “Place” part of an equal stake or wager. Settlement of such bets will take into account the applicable rules governing the "Win" and "Place" bets, namely the Sport-specific rules as well as any applicable ‘Dead Heat Reductions’.
The first number (56.5 in our sample line) is the book’s predicted total score, while the second number (110 in our Giants/Cowboys rivalry game) is how much a punter has to bet in order to win $100. If you were to bet the over-under on this game, you’ll have to decide whether you think the combined score of both teams will be higher or lower than the number put up by the book. Let’s say you bet the over, assuming the game will be a shootout between two talented offenses, you’re hoping that the final score will be anything that totals 57 or more. It could be Dallas 54, New York 3, or any other point combination that adds up to 57 or more and your bet will win. Betting the under means that the two teams cannot score more than 56 points combined, or else you lose your bet.
Something that all of our pro bettors on staff preach is that there is no reason to make anything more complicated than it needs to be. Specifically, they are referring to the awful trend of aspiring sports bettors thinking that you must make more complex bets in order to make a living betting sports. The reason we say it’s an awful trend is because this couldn’t be further from the truth.
The first number in the listing pertains to the order this game appears on a sportsbook’s board. The next NFL game would be listed as #103 for the road team and #104 for the home team. You can think of these numbers in the same way that each horse in a race has its own betting number. The next big takeaway from this listing is that the top team is always the road team (thus the odd number) and the bottom team is playing at home.

As we mentioned, moneyline/win bets take into account who the favorites and who the underdogs are and will pay out winning bets accordingly. Here’s a quick example that will make this clear. Imagine that Mike Tyson (one of the greatest boxers of all time) is going to fight against an 80-year-old man. If the sportsbook let you bet on either side of the fight and paid you the same, would that be fair?
Some people consider sports gambling a disease which is why it is outlawed everywhere in the United States besides Las Vegas. However, many Americans still bet on sports illegally with various overseas bookies. Because of this, many Americans believe sports gambling should be made legal throughout the United States because the country is missing out on millions of potential tax dollars by sports gamblers using overseas bookies.
We’ll start by posting a question. If you think that one team will beat another team and you are almost certain of it, should you make that bet every single time? If you answered yes, then you really need to start learning this concept. What we neglected to tell you was that the team you wanted to bet on have odds of -2000. This means that for a $100 bet, you will get a profit of $5.
If you are betting on a sport where there are multiple entrants, like in a race or tournament, you may find that every entrant is paying out at favorite odds. This is because it’s much more challenging to pick a winner from a large field, and the sportsbook will be rewarding you for that. Just know that when you see the plus sign, you will be getting paid better than even money for a correct pick.
A “Win/Place” or “Each Way” bet (aka EW) refers to a bet where the chosen selection must either win or place within the payout terms. The bet is divided in two parts,the “Win” part and the “Place” part of an equal stake or wager. Settlement of such bets will take into account the applicable rules governing the "Win" and "Place" bets, namely the Sport-specific rules as well as any applicable ‘Dead Heat Reductions’.
Identify the favorite: Lines with a - before the number (i.e. -200) indicate the favorite. A -200 should be read as: "For every $200 wagered, I win $100." When there is a negative sign, the line should always be read with relation to 100. That does not mean you have to bet that much, it's just easiest to understand! When a + sign is present, just reverse the reading, always keeping reference to 100:
The betting public as a whole is not very smart. There is a reason it is such a lucrative business to be in for the sportsbooks. The public loves to bet popular teams, great story lines, and trends that don't have a lot of merits. If you think that the public is going to bet a lot and shift the line more in your favor, just wait. In these situations, the worst that might happen is the line doesn't move, and you then take the bet right before the game at the original line that you still thought had value. Yes, there is a possibility of the point spread moving the other direction. If this happens, you just don't make a bet on this game and wait for the next one.
Used in high-scoring sports like NFL and NBA, the point spread is a handicap that is placed on the favorite team in terms of points for betting purposes. If 10 points favor the Broncos over the Seahawks the point spread is 10. The Broncos must win the game by 11 or more points for you to win your wager. If you’ve made your bet on the Seahawks, you’ll win your bet if your team wins the game or losses by nine points or less. If the Broncos manage to win by exactly 10 points then the bet will be a tie.
To show how this can be exploited, take a point spread of -8.5 at odds of -110. This is a 50/50 proposition. Let's assume you've purchased enough points to move the spread to -6.5 at odds of -150. Now, you'd win instead of lose 6.24% of the time they win by 8, and 6.59% of the time they win by 7. Add these together with the 50% from the original proposition, and we get 62.83%.

A point spread (or line) is a tool used by sportsbooks to attract wagers on both sides of a game. The line is most commonly used in football and basketball games. Because it’s rare for two teams in a pro sports game to be completely evenly-matched, one team will have an advantage, another will be seen as the underdog. The point spread is the handicap offered to the underdog to level the playing field, so to speak.
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.
This is a type of betting line which lays out the amount a player must wager in order to win $100.00, or the amount the player wins on a wager of $100.00. There is no point spread or handicap in this line.  In order to win a moneyline bet, the team wagered on simply has to win the game. Payoffs are based on true odds rather than fixed odds. The amount the player lays or takes may vary from game to game.
In the brackets after the last two games, you will see the odds associated with each of the bets. Let's say we made our earlier example bet of the Chargers -3 and the final score of the game was Chargers 21, Cowboys 14. Looking at this, we already know that we won our bet, but just how much money are we going to get paid? For this bet, we will get paid even money because that is what is posted in the parenthesis. This means that if we bet $100, we will profit $100 for winning our bet.

NFL games are popular moneyline games because the specific outcomes can sometimes be difficult to predict for casual players.  Moneyline games are also profitable when they win, which is one reason why the NFL is a favorite among sports gamblers.  An example of a money line is: New York Giants (-120) vs. New Orleans Saints (+130).  In this game, a bet of $120 on the Giants is necessary to win $100, while a bet of $100 would win $130 in the case of a Saints win.  The team with the minus sign is the favorite and indicates how much a player must put down in order to win $100.  The team with the plus sign is the underdog and indicates how much a player would win for a bet of $100.

The second way is “eyeballing it.” If two teams play 10 times, how many times do you think a certain team is going to win? If you say they are going to win 6 times, then you think they are going to win 60% (6/10) times. Looking at it as a series of multiple games makes it a lot simpler for you to grasp and predict. Then, you just convert that number to a percentage and compare it with the implied probabilities offered at the sportsbooks. If there is value, go for it.
To calculate your potential payout, you multiply the size of your bet by the decimal. That’s it. If you want to be $10 on the Heat, you would multiply $10 by 1.65 and get $16.50. Now, you may be freaking out right now saying that in our previous example we got $6.50 and now we’re getting $16.50. The difference here is that the decimal calculation will tell you your TOTAL payout which will include the return of your original wager. You will be receiving $6.50 in profit and the $10 from your original bet.
The main goal for each sportsbook is to set the best line possible in order to create even action on both sides of the game. In a perfect world, the book would have 50 percent of the handle come in on the favorite and 50 percent of the action come in on the underdog. If this happens, the sportsbook would be guaranteed a profit because of the 10 percent vig they charge on most point spread wagers. When a book has serious one-sided action, they will attempt to counter that by moving the line in the direction that's taking the most money and try to entice bettors into betting on the other side.

When it's not NFL season, BetOnline keeps on chugging along with point spreads for numerous other sports including men's + women's basketball (pro + college), along with run lines for baseball (full game + 5-inning), and they even have goal lines for several hockey leagues worldwide. BetOnline excels when it comes to betting on any sport, visit them today and give them a chance to prove it...it will not cost a cent!

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.
Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space. Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. The more experience you have watching and gambling on different sports, the faster you’ll be able to read betting lines.
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.
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