At a site that offers a free play bonus, you'd bet $100 free play on the Grizzlies at +210. At another site, where you have a cash balance, you bet $150 cash on the Celtics at -240. If the Grizzlies won, you'd win $210 cash from your free play but lose your $150 cash. That's a profit of $60. If the Celtics won, you'd win $62.51 from your cash bet and lose only your free play credit. That's a profit of $62.51
Almost all point spread wagers are paid out at moneyline odds of -110. This is almost even money minus the percentage that is taken for the sportsbook's cut known as the vig. Sometimes you will see a bit of variation in the payout odds, but for the most part, you should expect to see -110. If you don't see the payout numbers posted but just the point spread, you can most likely assume that you are to interpret that as being paid out at -110. If you're ever curious, though, just ask for clarification or look at your betting slip.
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.
Moneylines are a viable alternative to point spreads when betting on football. If you're one of those bettors who only ever bets on the spread, then you could very well be missing out on some good opportunities to find better value. We don't recommend that you stop placing point spreads and only place moneyline wagers, but you should definitely consider both when betting on a game of football. Try to decide which one offers the better value, and then go with that option.
Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread. ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going.
If you place wagers on US sports, then chances are high that you've heard of point spreads. Here's how they work; if a game has Patriots -9.0 and Vikings +9.0, the Patriots are 9.0 point favorites and the Vikings are 9.0 point underdogs. Unless otherwise stated, no matter which team you bet on, you'll be required to risk $1.10 for each $1.00 you want to win. For Patriots bettors to prevail, they need their team to win by 10 or more points. A 9-point Patriot victory would be a push (a tie). For Vikings bettors to take home the victory, they need to either win the game or lose by less than 9 points.
For example, if you’re betting on teams A, B, and C to win outright, you’ll have two round robin options available. Your By 2’s option includes all possible 2-team parlays for these three wagers (A+B, B+C, and A+C). And your By 3’s option includes all possible 3-team parlays on these 3 wagers (A+B+C). If you wager $30 on the By 2’s option, that money will be split evenly among the 2-team parlays ($10 on each of the 3 wagers).
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:
For those who are just starting to place sports wagers online, moneylines can be a bit confusing and overwhelming. They differ from point spreads, which are more concerned with the winner and by how much they win. With moneylines, the winning bet will be based on who wins and that is it. These types of bets are usually placed when betting on low-scoring games such as hockey or baseball, but they can also be an option with boxing and some mixed martial arts. The key to understanding moneyline betting is learning how to read the lines. Bettors will usually see a + and a – amount after the listed teams. The – indicates the favoured team. Let’s say there is a moneyline of +120 and -130. The -130 is the favoured team and will cost $130 in bets to collect $100 on a win. If punters choose to bet the underdog at +120, they will bet $100 and will win $120. Basically, one will have to wager more on the favoured team to come out ahead.
The Patriots are set to take on the Rams in the greatest show on turf and money has been flowing into both sides of the Super Bowl 53 point spread. The Patriots are -3 for SB LIII according to most legal online sportsbooks but some have them listed only at -2.5. The Rams and Patriots are both offensive minded, and capable of scoring quickly; therefore, the winner will likely be whoever scores last in the game (-180). There is still no discussion of whether the roof will be open or closed at Mercedes-Benz Stadium in Atlanta, so weather may or may not play a factor here. Either way, make sure to get in your bet on the spread for Super Bowl 53, whether you choose the Patriots or Rams, before the 6:30 EST kickoff on Sunday, February 3rd.
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.
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).
The key here is to target the point spread five and seven, because these are virtually tied as the most common margins of victory. It's important to recognize that most betting sites are only willing to sell 2 or 3 half points for 10 cents each, after which point they start charging more. Some sites sell up to four half points at this price though.
The favorite team or player on the moneyline is the team that’s expected to win. This side of the bet usually listed with a minus (-) sign. The underdog team or player on the moneyline is the team that’s expected to lose. This side of the moneyline is usually listed with a plus (+) sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.
‘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.
Futures are wagers on long term events which generally won’t have a result for many weeks or even months. The most popular type of futureswager is placed on the outright market which basically means, who will win a league’s championship? FanDuel also offer many other markets outside of the championship, usually including divisional and conference wagering. The odds on futures change as the event gets closer and more is known about the teams. Very often odds will also be updated as the tournament or league progresses.
When the point spread was invented in Chicago by Charles McNeil the money line took a backseat. When two unevenly matched teams played, the playing field was leveled by having the favorite give points (for example Chicago Bears –7) while the underdog got points (Minnesota Vikings +7). No matter which team the bettor took the bettor would always risk $110 to win $100. The extra $10 needed to win $100 is called the juice or the vig, it is basically the house’s or the bookie’s take. It’s 10-percent of the bet so it would take $33 to return $30 and $440 to return $400 etc. (winning bettors get the vig back).
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.
We're often asked a question along the lines of "why would I place moneyline wagers rather than point spread wagers?" There's no simple answer to this question really, as point spreads and moneylines shouldn't be viewed as "either/or" options as such. You don't have to decide that you're always going to bet on the spread, or that you're always going to bet moneylines. These are two different wager types that have their own merits, and any bettor should have them both in their arsenal.
One way to make money from sports betting is to open an account at an online betting site and take advantage of their sign up bonus. This gives you extra money to wager with, and since point spreads are so straightforward, it can be relatively easy to meet the associated wagering requirements and still come out ahead. Repeating this process at multiple betting sites will maximize your potential returns! We just ask that you please stick with reputable sites, like any of the ones that we recommend.
The one variance you might come across in any pointspread listing is the commission owed on a bet. Instead of moving the actual spread for a game, some books will try and direct money one way or the other by adjusting the juice. For example, if there was a (-120) next to the listed pointspread, you would now owe $120 on a losing $100 bet. Sometimes a book will reduce or eliminate the juice all together to move money towards a particular side of a matchup. In this case, you might see (-105) or (+100) next to the pointspread to signify the reduced or zero commission for that bet.
The last format we want to look at is fractional odds. Personally, we aren’t a huge fan of fractional odds because they’re the most challenging to work with. The formula is almost the same as with decimal odds, but it gives your profit instead of total money returned. It also requires you to solve a fraction, which may be a nightmare for a lot of people. Regardless, we are going to walk you through how to do it with the same bet we’ve been working with.
Armed with the knowledge of how to remove vig, it's now possible to prevent yourself from making the same mistakes that the majority of bettors make. Most bettors understand the importance of line shopping (i.e. comparing the lines and odds at different bookmakers and betting sites). However, if they fail to also understand how moneylines and vig work, then they're probably going to make wagers where they think there's positive expected value (+EV), even though there's not.
First, however, a word of caution: Sports betting can be a fun and profitable venture. However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control. We know you have heard this before but it definitely bears repeating: don’t bet money you can’t afford to lose, either emotionally or financially. If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous.
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.
You can also bet straight winners and losers -- with no point spreads involved -- with money line wagers. When there is a minus number you bet that amount to win $100 in profit. When there is a plus number, that is your winning profit for every $100 wagered. So if the Cowboys have a money line of -250, you would have to bet $250 on them to win $100 in profit on any Dallas victory. If the Giants had a money line of +150, you would win $150 in profit with a winning $100 bet. If a money line is posted as even, you would win a $100 profit on a $100 winning bet.
These bets are less popular as of now, but most sportsbooks are starting to offer them as they are growing in popularity. The reason for the growth is that more people are starting to understand them and see that they can help you cut down some variance and risk, while still ensuring that there is no draw. The reason for the name is that these bets are growing extremely quickly in popularity in the Asian countries and betting markets. Most online sportsbooks are starting to offer these fairly regularly now.
Apply the spread. In point-spread betting, the actual final score of the game is only the starting point. Say Chicago beats Detroit 24-17. Because Chicago was the favorite, you subtract the point spread from its final score. That's the purpose of the minus sign in the spread. The spread was 6, so you take 6 points away from Chicago's point total, giving you an "adjusted" score of Chicago 18, Detroit 17. If you'd bet on Chicago, you'd have won the bet. Now, say Chicago won the game 20-17. Subtracting the 6 points from Chicago's total gives you a final score of Detroit 17, Chicago 14. If you'd bet on Chicago, you'd have lost.
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.
If you’d prefer to simplify things and only bet on whether a team wins or not, moneyline bets are going to be more of your style. A moneyline bet is a wager on which team wins the game. If the team you bet on wins, you win. If they lose, you lose. As we’ve stated earlier, the sportsbooks must do something to ensure they get as close to an even amount of money on both sides of a bet. With spread bets, they alter the number of points a team must win or lose by.
Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively.
We already know that the only thing that causes the moneyline to shift are the bets that are coming in. However, we should talk about what factors will cause the betting patterns of the public to change, and in turn, cause the moneylines to move. This will go hand in hand with the following betting strategy section. If you can master predicting when and how lines are going to move, you will crush sports betting and moneyline betting.
Point spread and handicap betting are one of the most popular forms of sports bets that you can place. The reason we say "one" of the most popular forms instead of "two" is that these bets are effectively the same thing. These bets are a lot of fun because they allow you to root for teams that you still think are going to lose. With point spread and handicap bets, the team you're betting on can lose the game, and you can still win your bet. In contrast, the team you are betting on can win the game, and you can still lose your bet. Now that we've thoroughly confused you let's build up your knowledge, so you're an expert on the bet type. This is like sports betting boot camp; we confuse you and break you down and then build you back up as a betting machine!
The biggest advantage of the moneyline for the NBA is that your team doesn't have to overcome the point spread for you to win your game. If your handicapping leads you to believe that one team is likely to win but you can be less certain that they will win by as much as the point spread then the moneyline may be attractive. You are sacrificing some potential return because the moneyline won't pay as much for the favorite as the point spread will, but it's obviously better to make a small profit than it is to lose a bet. This is particularly attractive in basketball because the favorites can often face large point spreads and teams can win comfortably and effectively without covering the spread.
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.
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.
To help get you started, we’ve broken down the most popular and the need to know NBA bet types below. Make sure you take the time to read through each of these and figure out how they might play a role in your betting strategy. Remember, you are not required to use all of these bets. Many professional NBA sports bettors will only use one or two bet types and still crush the books. They prefer to keep things simple and work with what works for them. We suggest you do the same.
Winning at sports betting is challenging. If it were easy, everyone would quit their jobs and do it, and sportsbooks would all be out of business. What makes it so challenging is that the lines are usually set pretty spot on which means it's a bit more challenging to pick the correct side of the bet. That being said, it's definitely not impossible to make money betting basketball point spreads. You'll have to develop a winning strategy and continually tweak it until it's perfect. Here are a few tips and strategies that will help point you in the right direction.
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.
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.