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.
Remember earlier when we said that most point spread bets in basketball pay out at -110? Well, this is where the vig is located. Sportsbooks will work to get equal amounts of money on both sides of a game and make their money off of the vig. If they are successful in doing so, it does not matter to them who wins the game. For example, let's look at our earlier example. Here are what the odds would look like at the sportsbook:
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.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since they final score margin falls on these two numbers most often.
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.
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.
Here you can see that the Rams are +3.5, while the Cowboys are -3.5. So for this example the Cowboys are 3.5 point favorites, while the Rams are underdogs of 3.5 points. If you were to bet on St Louis you would need them to lose by 3 or fewer points or just win the game outright. If you were to bet on Dallas you would need the Cowboys to win by 4 or more points.
The last types of bets that you should be aware of when betting on the NBA are proposition bets. A prop bet is a wager in which you bet on whether or not something is going to happen in a particular game. For example, will a certain player make more than four 3-pointers in a game? Which team will score first? Which team will win the opening tip-off? Will a certain team shoot over X % from the field? All of these are examples of prop bets that you can make on a particular NBA game.
By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being
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.
The house vigorish - and your chances of winning - get worse with the more teams you add. So while some sportsbooks will let you place a 15-teamer with astronomical odds, you probably have a better chance of being struck by lighting - twice - before winning one. You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers.