The negative (-) sign indicates that the Cowboys are the favorites, while the positive (+) sign indicates that the New York Giants are the underdogs. With the spread set at 2.5 points, a bet on the Cowboys would mean that they would have to win by more than 2.5 points (3 or more) in order for you to win that bet. A bet on New York would mean that the Giants would have to either lose by 2.5 or less points (2 or less) or win the game outright in order for your bet to win.
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 bet $100 on the Magic, you would get $105 in return. If you bet $100 on the Mavericks, you would get $90.91 in return. You might be asking yourself why they aren’t paying out the same amount on both sides of the game. The reason is that the difference is the house rake. Sometimes referred to as the vig or the juice, this is the small percentage that the sportsbook takes off the top for facilitating the action. The percentage that the house takes will vary, and different sides of the bet will pay for it.
The money line bet always relates to bets of $100. A favorite will be represented by a negative money line figure such as -180. This means that in order to profit $100 off your winning bet, you would need to risk $180 dollars. But as I’m sure you already know, you can risk any amount you are comfortable with and the payment (should you win) will be in proportion to the odds. For example, a $50 bet on a -180 line would win you $27 dollars.
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With money line bets the goal is to pick the outright winner of a game or event without the use of a point spread. While money line betting is available for sports where point spreads are used, they’re most popular in sports like baseball and soccer where very few points are scored. Money lines are also used for sports where points do not determine the winner or loser, as in auto racing or tennis.
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.
Moneylines have a tendency to move quite a bit in both directions leading up to a game, match, or fight. It’s a delicate dance that you’re going to have to master if you want to find value and push your edges to the max. Sports betting is a profit source that is all about small edges. Finding and being able to capitalize on these small edges is the key to being profitable long-term.
Let us be clear before we go any further with this strategy tip. If there is value in a bet, go ahead and make it. What we want to talk about, though, are bets where you are risking an abnormally high amount of money to win a very small amount of money. While this is still technically profitable, you might not get enough opportunities to push through the variance and realize your value.
Having set the point spread, this is the point where the gambling public can influence the line. You might have noticed that a line five days before a game might look very different to the line an hour before the kickoff. Barring some major line-up changes due to injuries or suspensions, the line will most likely be moved by weight of money. If the majority of money is coming in on one side of the point spread, the book will move the line to make the bet a little less attractive, which will help them level the book up somewhat.
Understand that negative odds indicate how much money your must spend to make $100. When betting on the favorite, you take less risk, and thus earn less. When betting on a favorite, the moneyline is the amount of money you need to spend to make $100 profit. In the previous example, in order to make $100 of profit betting for the Cowboys, you would need to spend $135. Like positive odds, you earn back your bet when winning.
As an illustration, let's look at Super Bowl futures. Sports books list each NFL team with corresponding odds to win the Super Bowl. For example, the Ravens may be 5-1, the Redskins 12-1, the Cardinals 100-1, etc. If you place $10 on the Redskins and they go on to win the Super Bowl, you collect $120 plus your $10 back for a total payoff of $130. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl.