The second number in our example (-110 for both teams) tells you how much you have to wager in order to win $100. It’s an easy way to calculate how much you’ll win if your bet pays off, presented in units of $100 at a time for simplicity’s sake. Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit. If a book gets a single bet of $110 (by a customer hoping to win $100) on the Cowboys and a single bet of $110 on the Giants, it will have taken in $220, but will only have to pay back $210 to whichever customer wins the bet. That’s a guaranteed profit of $10, and since sportsbooks take far more than a single bet in either direction, they stand to earn that seemingly small amount of profit many times over. The $10 difference between what you wager and what you win is known as juice or vig in the sports betting industry, and it’s the way books earn their bread and butter.
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.
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.
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.
Let’s say the sportsbook has a series of bets that are all +250. You think in reality that the bets should actually be +125 and that the bet is not as big of an underdog as the sportsbook thinks. This means that you think you deserve $125 for every $100 bet that wins but the sportsbook is going to pay $250. Even though you think that the bet is still supposed to lose, you should make this bet.
We went into detail earlier about what causes moneylines to move. The better you can get about predicting when these movements will occur and in what direction, the more profitable you’re going to be as a sports bettor. If you find a bet that you like, but you predict it’s going to move more in your favor, you can intelligently wait to bet and lock up a potentially much more profitable opportunity.
The term moneylines can have two definitions: a type of bet and also the odds attached to certain bets. Starting with the type of bet, moneyline bets simply focus on the outright winner of a game. With point spreads, you have to consider a margin of victory. With totals, you’re looking at the combined score of the two sides involved in the game. But if you’re betting on the moneyline, your only focus is who will win the game outright. There is no tying; just winning or losing. But there is more to understanding the moneyline, including the odds and what they tell you. Read on below to get a better idea of how they work.
The point spread is basically used to create a 50/50 betting proposition. In this example, the Celtics are theoretically just as likely to win by six points or more as the Grizzlies are to lose by less than six points. This is reflected in the odds, which are typically -110 on both sides of the wager. You have to risk $110 for the chance of winning $100.
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.
Point spreads focus on a margin of victory between the two teams and again, what you’re looking for is the positive and negative signs. If there is a minus sign next to a team’s spread, that suggest that they are favored and have to win by or cover that amount. If there is a positive sign, that tells you that they are the underdog and they are getting points. For example: let’s say that the New England Patriots are playing the Buffalo Bills and the Patriots are -5.5 and the Bills are therefore +5.5. If you bet the Patriots, they have to win by six points or more to cover. If you bet the Bills, they can lose by five points or less, or they can win the game outright and you would still win your bet.
We’ve already covered that a moneyline bet is easy to make and is the most popular type of sports bet for beginners and for professional bettors. Now let’s talk about exactly what it is. A moneyline bet is a sports betting wager on which team or person will win a game or sporting contest. Simple as that. When you make a moneyline wager, you are betting on who will win a contest. It doesn’t matter how they win, by how many points, goals, or runs they win, or how long it takes them to win. All that matters to win a moneyline bet is that the team or person you bet on is victorious.
For those of you who are looking to better your bettor abilities when it comes to the NBA, this is where you want to be. We’ve picked the brains of all of our experts and compiled the tips and strategies they say work the best for beating the books betting on the NBA. While just reading these strategies is not going to make you an expert, it will put you on the right road to becoming one.
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.
When wagering against the spread, you bet on the team that will cover the betting line, and not necessarily win the game. Obviously by taking the favorite, a bettor believes that team will not only win the game, but also win the game by a certain number of points to cover the betting line. But when wagering on the underdog, that team does not necessarily have to win the game to cover the line. For examples of point spreads and how those bets are won, please keep reading below where we explain betting odds for the spread in detail.
That was all before Charles McNeil, a math teacher from Chicago, invented the concept of the point spread. An avid gambler, McNeil created what he called “wholesaling odds” and started his own bookmaking operation in the 1940s. He started out offering this new style of betting on football, but his business model grew to include basketball. McNeil changed the way sports betting was done, and his legacy lives on today in what we now call the point spread.