On the other hand, underdog moneylines can be lucrative wagering opportunities. Upsets happen more often than some of us think and moneyline betting is a great way to take advantage. For example, for a moneyline wager of +250, a bettor will only need to win about 28% of the time to break even and for a +300 wager the bettor would only need to win 25% of the time to break even. If you can spot upsets even decently well, moneyline wagers on underdogs can be profitable bets.

_{Let's take a look at a sample Asian handicap bet to make this make more sense. Some things are just better learned through getting your hands dirty. For example, imagine that you choose to bet Manchester United at (-1, -1.5). Half of your bet would be for Manchester United at -1, and a half would be at Manchester United -1.5. Let's say Manchester United wins the game by one goal. You would push on your first bet and lose on your second bet. If you bet $100 on this, you would receive $50 back for the push and lose on the other portion of your bet. }

*This is called line shopping and is an integral part of sports betting, especially with moneyline bets. Most good sports bettors will have accounts on lots of different sportsbooks so they can check the lines on every bet they are making. Whichever book has the best lines for them is where they’re going to place their bet. To be honest, with how easy it is to shop lines online, the only reason you wouldn’t is if you were too lazy and didn’t care enough about your bottom line.*

# Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives. In particular, the financial derivative Contract for difference (CFD) mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.

**As you might guess, you’re mainly going to see American odds in American sportsbooks. The other two formats are much more prominent in Europe and Asia. If you’re betting online, most sportsbooks give you the ability to change all of the odds on the site into the format that you prefer. No format is different regarding payouts; it’s just a different way of presenting the information.**

__All of this is exactly the same for betting on Southhampton except you use the spreads and odds payouts that are underneath their team. You can also bet on the tie in a lot of sports, especially soccer. In the above example, the spread points would be added to Southhampton for calculations. This means that if you bet +3, you would need Southhampton to lose by exactly three goals.__

Although the examples from above are in $100 increments, you don’t actually have to bet those exact amounts. That’s just how the odds are set up so that everyone is on the same page. With a quick glance at the numbers, you can tell who is the favorite, who is the underdog and what type of payout you can expect on each. You’re free to bet $5, $500 or whatever amount fits your budget. If you want to find out the specific betting limits for each option, browse through the betting sites rating guide in order to find the sportsbook that better fits your minimum and maximum limits.

### Oftentimes a point spread will not be a whole number, and will be accompanied by a decimal point and a half number. This can be significant for a point spread. Essentially what it comes down to is that a whole number point spread gives the opportunity for a wager to push. A push means that if the favorite is favored by 10 points and wins by 10 points, bettors get their money back. Just like when betting on the over/under total for points, the spread is a half-point in addition to the whole number, there is no chance to push.

*We go in depth on this in the advanced guide on understanding value that we referenced earlier, but we will give you a brief intro on it here. If you’re able to calculate the percentage chance that you have to win in order to break even, and you can figure out the percentage chance that you think you’re going to win the bet, you can figure out very quickly if there is value.*

There's another reason to bet the underdogs on the moneyline as well. If your handicapping has made you feel very strongly that a poor team is due for a big win then the moneyline allows you to profit much more handsomely from your conclusion than a point spread bet does. The moneyline, then, is a powerful situational tool for people who closely follow the NBA.

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.

*"Grand Salami" is where you bet on the total number of listed occurrences, such as total goals or run, Happening during a collection of events. All relative events must be completed for bets to stand except for the outcomes of which have been decided prior to the abandonment and could not possibly be changed regardless of future events, which will be settled according to the decided outcome.*

You’ll need to know how the rotation number, point spread, moneyline and over/under are used and what each means. Each of these terms may be called by another name. The rotation number if often referred to as the number or the rotation mark, moneyline becomes line, point spread is called the spread, and over/under becomes the total. When you come down to it, these are the major terms that can be lumped under the heading odds.

^{With all that being said, there is one situation where we'd suggest the moneyline wager is usually a better option than a point spread wager. This is when you like three point underdogs in an NFL game. Only a small percentage of NFL games are decided by three points or less, so if you think a three point underdog is going to cover then you might as well bet on them to win outright. This will generally give you a much better return. }

*A lot of people who are new to online betting aren’t aware of prop bets, because a lot of brick-and-mortar sportsbooks just don’t have the resources to allow them. These bets are a great way for you to make some extra money off of predictions that might not have a direct outcome on the winner of the game. For example, let’s say you think that the Warriors are going to shoot lights out from the field, but you think for some reason they aren’t going to get a lot of looks and are going to lose the game. Your only option without prop bets would be to bet on the team they are playing against, but that might not be a great value bet.*

**The moneyline is different. First, with the moneyline whichever team wins the game pays out. There’s no giving or taking away of points. How do the bookies even the playing field with the moneyline? They do it by making bettors wager more on the favorite to win less and allowing them to bet less to win more on the dog. The favorite is posted with a minus sign and a number. That number represents the amount of cash that has to be wagered in order to win $100. The underdog, on the other hand, is listed with a plus sign in front of a number. That number shows how much a bettor wins when they bet $100.**

*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.*

This is different from a moneyline, where payouts can vary greatly because there is not point spread that is installed. It is simply picking the winner straight up. Therefore, a bet on the favorite would not profit as high as it would betting the spread since no points are given. Payouts on the point spread are not always the same, but they do not vary like a moneyline.

**The two results above are the no-vig probabilities. If you're sharp, you'll notice that adding 68.57% and 31.43% up together will give you 100%. The extra 2.95% has been removed, so there's no more vig. We can now go to our odds converter and enter 68.57% into the implied probability field. This will give us moneyline odds of -218. If we enter 31.43%, we'll get moneyline odds of +218. The original moneyline market of the Celtics at -240 and the Grizzlies at +210 therefore has no-vig odds of the Celtics at -218 and the Grizzlies at +218.**

_{We mentioned we would touch on the -3500 bet in this section. If you calculate the implied probability of -3500, you see that it is 97.2%. This means that the bet will have to hit 97.2% of the time for you to break even. Now, if you think that the bet is actually 100%, then it might be a smart bet to make. You’re still going to have to put up a lot of money to see any real sort of profit, which might not be desirable based on your personal preferences. }

Only bet games where you have a clear prediction on a team covering the spread. Look for lines that you think are incorrect and put your money there. The idea here is to be making intelligent picks that you actually believe will win. If you're betting every game, you're just gambling and no longer letting your skill and knowledge base shine through.

In theory, sportsbooks don't care about the outcome of a game, although for those of you who bet on the Steelers (-5.5) last season versus the Chargers and saw a game winning TD returned by S Troy Palumalu as the game expired reversed, thus negating a seven point victory and putting the final at 11-10, you might think otherwise, but this is how it's supposed to be.

If the Cowboys are 6-point favorites, their odds are -6. If the Giants are 6-point underdogs, their odds are +6. From the oddsmakers' perspective, the Giants are starting the game with a 6-0 lead, while from the Dallas side, the Cowboys are starting with a 0-6 deficit. If you bet on the Cowboys and they win 34-30, they failed to cover the spread by two points. If you bet on the Giants, they beat the spread by two points.

**Point spread lines can be tricky in the fact that they can help shape our views of a game just by looking at them. You may have no opinion of a game until you look at a point spread and then your brain immediately starts looking for evidence to back up the line. This can cause you to build your view of a game off of what the sportsbook thinks and not what you think. The best advice here is to have an idea of what you think the line is before you look at the sportsbook's lines. This will protect you from being influenced by what they came up with and help you to spot bad lines.**

*Just like the minus and plus values on the point spread, those values designate underdogs and favorites in moneyline betting. In this case, Toronto is favored at -185 (bet $185 to win $100), and Baltimore is listed as the underdog at +165 (bet $100 to win $165). In explaining the concept of moneyline betting further, it might help to view the number 100 sitting between the favorite and underdog values: +165 +100 -185*

covering a spread - When a team surpasses the expectations of a point spread set by football experts. For instance, if a team is expected to win by 10 points, and they actually win by 11 or more, this is called 'covering' the point spread. If the team wins by nine or less, or they lose the game, this is called NOT 'covering' the point spread. If the team wins by exactly 10 points, this results in a push or tie.

Changes to the lineup for a game will have a big effect on the moneyline as well as any other bets you’re looking to place on that game. If a superstar is suddenly out, it’s going to have a big change on where the money is coming in, which will inevitably cause a big shift in the line. Sometimes the sportsbook will even adjust the line preemptively if they anticipate a large change in where the money is going to be coming in on a particular game.

_{That’s easy to understand because of the payouts. If a team is heavily favored, that means they’re perceived as having a better chance of winning. If that’s the case, then you would win less money betting on them. The opposite is true for the underdog: they’re deemed as having a smaller chance of winning, which means you would get a bigger payout if you bet on them (and they won). }