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.
Our recommendation is to take these strategies, understand why they work, and integrate them into your personal betting strategy. If you couple all of that with some good solid research and some hard work, you’ll be on the right road to profit. NBA betting isn’t easy, but it’s certainly beatable. With the tools we’re providing you here, you should know exactly what you need to do to get to the next level.
How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate.
When betting on the favorite, simply divide the negative moneyline by 100 to get a decimal. If you were planning to bet on the Celtics in the above example, this would give you 2.40 (ignore the negative). Now all you have to do is divide your stake by that number in order to see what your potential payouts would be. Let's say you wanted to stake $650. When you divide that number by 2.40, you'd see that your potential payout is $270.83.
The number that follows the plus or minus sign will indicate how big of a favorite or an underdog the team is. The larger the number is, the bigger the favorite or the underdog the team is. For example, a team that is -300 is a bigger favorite than a team that is -150. A team that is +240 is a bigger underdog than a team that is +130. Remember, this is not the sportsbook’s actual prediction on who they think will win; it’s in relation to the money that has been bet on the game. It is more depictive of who the betting public thinks is going to win the game.
Understanding NFL betting lines is just the first step towards making profits with football wagering. Once you've got the basics down, it's important to continue learning sports betting strategy to improve your long-term chances of winning. If you're able to win more than 52.4% of the time, you'll be well on your way towards being a profitable NFL bettor.
The most common NFL spreads are usually set between about 2.5-10.5 points, but you will also almost always have games each week with spreads lower than 2.5 and higher than 10.5. In the event that the oddsmakers feel the game doesn’t need a spread, it would be set at 0 or what some call a pick’em (both teams are given even odds to win for this type of bet).
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).
With moneyline bets, there is no point spread to manipulate. Instead, the sportsbook will alter the payouts you’ll receive for a correct pick. The bigger the favorite, the less you’ll get paid. The bigger the underdog, the more you’ll get paid for a correct wager. This line will fluctuate as the sportsbook needs it to in order to encourage or discourage bets on either side.
Let’s say that people think the Mavericks are going to crush the Magic, and the money starts to pour in on the Mavs. Obviously, the sportsbook likes seeing a lot of bets come in, but they need them to come in evenly. So, to slow down the money coming in on the Mavericks and entice people to bet on the Magic, they will shift both lines. The new line might look something like this:
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.
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.
They do this by manipulating the lines to entice action where they need it. If they have too much action coming in on one team, they will adjust the lines to pay out less for that team to deter more bets. At the same time, they will adjust the line for the other team to pay out more to entice more action on that side. This dance continues until the game starts to try and get the correct amount of money on each side of the contest.
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.
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).
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.
It's inevitable in sports and basketball that in each game one team is going to be better than the other. Betting would be a little pointless if you were able to make the exact same wager on each team. Everyone would just always bet the better team, and the sportsbook would quickly be out of money and have to close up shop. What point spread bets attempt to do is even the playing field and offer bets with the same risk level on both sides of the coin. They effectively aim to create a 50/50 even playing field.
If an intentional foul causes an injury and the injury results in the fight being stopped in a later round: (i) the injured boxer will be deemed to have won by technical decision if he is ahead on the scorecards and (ii) the fight will result in a 'technical draw' if the injured boxer is behind or even on the scorecards (and, for settlement purposes, the result of the fight will be deemed to be a draw).
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.
In this baseball matchup, the St. Louis Cardinals are the moneyline favorite. For the bettor to win $100, he will need to wager $150, risking $150 to win $100. If the Patriots lose, the bettor will lose his original stake of $150. The Pittsburgh Pirates are the moneyline underdog in this matchup. A $100 dollar wager will win the bettor $140, risking $100 to win $140. Again, if the Pirates lose the bettor will lose his original stake of $100.
If you're just getting started with NFL betting, the most important thing you need to do is learn how the lines work. But this is easier said than done because NFL lines can seem like learning Greek to new bettors. Fortunately, learning football betting lines won't take you nearly as long to master as the Greek language. In fact, you should have a good understanding of the matter just by looking at the following information on how NFL betting lines work.
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.
Piggybacking on the simplicity of moneyline bets is the ease with which you can properly assess value. Now, you’ll notice that it doesn’t say “Easy to Find Value,” and that is because it’s never easy to find value in sports betting. If it were easy, everyone would be doing it for a living. What it says, though, is that it is easier to find value with moneyline bets because of the simplicity.
If you’re new to sports betting or are a seasoned bettor looking to make some tweaks to your strategy, including moneyline bets could be a great move. They’re simple to learn and provide a fantastic way to add serious profit to your betting strategy. Don’t let their simplicity fool you. It still takes quite a bit of skill to beat them. But if you take the information we gave you here and really search for value opportunities, you’re hopefully going to be able to come out on top. Remember, sports betting is a marathon and not a sprint, so make sure to think long-term.
All relative events must be completed within the same day/session as listed in conjunction with the offer. Should this not be the case, bets placed on the offer will be fully refunded except for those offers whose outcomes were decided prior to the abandonment and could not possibly be changed regardless of future events, which will be settled according to the decided outcome.
Two possibilities existed for Seahawks backers at this point – either the team would win the game by at least three points or not. There was no possibility for a push, thanks to the use of a half-point. It’s impossible to score a half-point in football, so thanks to the magic of rounding, there’s no room for a tie outcome. Those who backed the Patriots were looking at two possible outcomes, too – either New England would pull off the upset or they would lose by just a point or two. Both would turn out in a win.
Earlier, we explained how the implied probability of -240 is 70.59% and how the implied probability of +210 is 32.36%. Notice these two probabilities total 102.95%. The extra 2.95% is the bookmaker's advantage. It's called vig, and it's basically a commission that they charge customers for placing wagers. By removing the vig, you can see what the fair odds on the game would be.
A teaser is a bet that alters the spread in the gambler's favor by a predetermined margin – in American football the teaser margin is often six points. For example, if the line is 3.5 points and bettors want to place a teaser bet on the underdog, they take 9.5 points instead; a teaser bet on the favorite would mean that the gambler takes 2.5 points instead of having to give the 3.5. In return for the additional points, the payout if the gambler wins is less than even money, or the gambler must wager on more than one event and both events must win. In this way it is very similar to a parlay. At some establishments, the "reverse teaser" also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins.