This means that the people betting the big bucks are going to end up shifting the line considerably. A lot of times, you will see a moneyline released, and then it will quickly shift. Usually, this is a skilled big bettor taking advantage of what they think is an opportunity. Ideally, you’ll want to jump on bets before these skilled bettors get ahold of it.
A money line, used in baseball and hockey, takes the place of a point spread. Money line betting is simply wagering on the contest based on a given price rather than a point spread. The team wagered on has to win the game outright, regardless of the score. The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100. The plus sign (e.g.+120) always indicates the underdog and the amount you win for every $100 bet. Using this example, therefore, you would bet $130 to win $100 on the favorite, while for the underdog you would bet $100 to win $120.
One important assumption is that to be credited with a win, either team only needs to win by the minimum of the rules of the game, without regard to the margin of victory. This implies that teams in a winning position will not necessarily try to extend their margin—and more importantly, each team is only playing to win rather than to beat the point spread. This assumption does not necessarily hold in all situations. For example, at the end of a season, the total points scored by a team can affect future events such as playoff seeding and positioning for the amateur draft, and teams may "run up" the score in such situations. In virtually all sports, players and other on-field contributors are forbidden from being involved in sports betting and thus have no incentive to consider the point spread during play; any attempt to manipulate the outcome of a game for gambling purposes would be considered match fixing, and the penalty is typically a lifetime banishment from the sport, such is the lack of tolerance for gambling in sport.
Additionally, we’ll discuss line movement, how the casino profits (important for you to understand), and moneyline betting strategies that can help you crush the books. These strategies will range from basic to advanced, so even the most seasoned of sports bettors should expect to get some value from this. Feel free to skip to a specific section if you came here for specific information. If you’re newer or it’s been a while since you’ve bet, we highly recommend reading this guide from top to bottom, as the sections will build on knowledge from previous sections.
The most important takeaway is the actual pointspread, which is seven points in this example. The plus sign is always in front of the spread for the underdog and the minus sign is used to signify the favorite. Next to the pointspread in this example is (-110). This number reflects the actual commission (or juice) that the sportsbook is charging to book this bet. If you wager $100 on New England as the favorite and the Patriots go on to win my more than seven points, you would win $100. If they won by fewer than seven points or lost the game outright, you would owe this betting outlet $110. If New England wins by exactly seven points, the bet is considered to be a PUSH and no money exchanges hands. You only pay the 10 percent commission on losing bets.
If you were correct though but getting paid at the sportsbooks rate, you would lose the bet 55.6 times (-$5560) and win the bet 44.4 times (44.4 x $250 = $11,100). You would profit over $5,000 for betting on bets that you thought you were going to lose! This is finding value. Value bets are great as a part of a long term winning strategy and are the key to conquering the “simple” moneyline/win bets.
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.
This is four different games you can bet on, right? Wrong. These are several different handicap bets that you can make on a single game of soccer. Each of the individual rectangles is the same as the point spread bets we talked about earlier. For example, the first rectangle is betting on Liverpool at -3, getting paid 6 to 1. This means that if you take this bet you need Liverpool to win by four or more goals and you will get paid 6 to 1, or $600 for every $100 you wager.
Sports spread betting began in the United Kingdom in the late 1980s to offer an alternative form of sports wagering to traditional fixed odds, or fixed-risk, betting. With fixed odds betting, a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn’t occur (the initial stake). With sports spread betting, gamblers are instead betting on whether a specified outcome in a sports event will end up being above or below a ‘spread’ offered by a sports spread betting firm, with profits or losses determined by how much above or below the spread the final outcome finishes at.
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.
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.
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).
The spread on offer will refer to the betting firm’s prediction on the range of a final outcome for a particular occurrence in a sports event e.g. the total number of goals to be scored in a football match, the number of runs to be scored by a team in a cricket match or the number of lengths between the winner and second-placed finisher in a horse race.
Bovada gives all first time college football bettors a 50% to $250 bonus when they make their first deposit which only allows you to wager on more spreads. Bovada welcomes USA players and has many great deposit methods to boot. Players are able to instantly add funds to their accounts using a variety of methods that include credit cards (Visa/MC/Amex), debit cards (Visa/MC), several brands of prepaid gift cards, cash wire transfers (Western Union + MoneyGram), and even payment through accepted Bitcoin wallets.
If you've never set foot in an actual sportsbook before or logged into an online sportsbook, the chances of you getting overwhelmed when you actually do are very high. In an actual Las Vegas sportsbook, there is typically a lot of commotion and the odds and lines are displayed on a massive digital board for everyone to see. When a novice sports bettor looks at the massive digital signage, they will see a bunch of numbers, both positive and negative, some two digits, some three digits. They also won't have a clue what any of it means. The same can be said for the online sportsbooks. It essentially looks like a massive spreadsheet with negative and positive numbers beside each teams' name.
Betting “against the spread” (ATS) just means you’re betting on the point spread in a particular matchup as opposed to the moneyline, or some other type of wager. Bettors often use a team’s ATS record to gauge its performance against the spread. For example, the New England Patriots were 11-5 ATS in the 2017 regular season, meaning they covered the posted point spread 11 times, and failed to cover five times.