All connotations related to the bet must be fully and unquestionably complied with for the bet to be deemed as winning, regardless of any possible conflict with the sport-specific rules, or with any potential interpretation based on previous or current presentation of offers related to events in that particular sport and the way these are normally presented in DraftKings Sportsbook. Bets will be settled as void should it still be impossible to determine a winning outcome.
When betting the point spread, there is almost always a winner and a loser. However, in some instances sportsbook decide to put out a whole number such as -3 for bettors to bet on. If the final score ends with a differential of three points - no matter who wins - the bet is considered a "push" and all money is refunded to both sides since neither team covered the spread.
As we mentioned, moneyline/win bets take into account who the favorites and who the underdogs are and will pay out winning bets accordingly. Here’s a quick example that will make this clear. Imagine that Mike Tyson (one of the greatest boxers of all time) is going to fight against an 80-year-old man. If the sportsbook let you bet on either side of the fight and paid you the same, would that be fair?
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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.
The sportsbook will sometimes move this line if they need to encourage more bets on one side of the game. Their end goal is to have the same amount of money bet on both sides of the game so that no matter who wins, they make money. For as much as they love to facilitate gambling and betting, they don’t like to leave things to chance for themselves.
In the UK and some other European countries the profit from spread betting is free from tax. The UK and some other European countries tax authorities designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp tax, despite the fact that its regulated as a financial product by the Financial Conduct Authority in the UK. Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves. The popularity of financial spread betting in the UK and some other European countries, compared to trading other speculative financial instruments such as CFDs and futures is partly due to this tax advantage. However, this also means any losses cannot be offset against future earnings for tax calculations.
Moneyline bets can be presented in three different formats including moneyline, decimal, and fractional. While these will look very different, they will tell you the exact same information about the bet including who you are betting on, who the favorite or underdog is, and what the potential payout you would receive from a correct pick. We will cover all of this in the next few sections.
Without losing you with the math, the implied probability (or how often you should win) of a +250 bet is 28.6%. This means that you should win this bet 28.6 out of 100 times. This is what the sportsbook thinks will happen. You, however, think it should be +125. The implied probability of that is 44.4% meaning that you think you should win the bet about 44.4 out of 100 times.
The way the sportsbook does this is by putting out a betting line that is based on how many points they think the better team is going to win by. This is a lot like how our older siblings would "spot us" a few points when we played each other in basketball as kids. For example, let's say that Florida Gators are playing the Arkansas Razorbacks. Let's also say that Florida is the better team and the sportsbook thinks they are going to win the game by seven points. They can't just let everyone bet evenly, or everyone would bet Florida and clean them out. Enter the point spread. The sportsbook would set the point spread on this game at -7 for Florida to win. The negative sign before the number signifies that this team is the favorite to win. This means that if you want to bet on Florida, they have to win by more than 7 points for you to win your bet.
In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you.
If the public comes out and bets really hard on one side, the line is going to move a lot making the odds worse on that side and a lot better on the other side. If you’re planning to bet against the public, you should wait to bet until the line moves as far as you think it is going to. Be careful, though, if you wait too long and some big money bettors bet, they can move the line back.
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.
Easily the most popular type of betting for NFL football is “spread” betting or more commonly known as betting against the spread. Bettors who are new to NFL betting or betting in general may be a little confused with NFL spread betting, but it is pretty easy to understand once it is explained to you. We will explain what betting against the spread means below.
If you wager $100 cash on odds of +100, you are staking $100 cash to win $100 cash. Your total potential return is $200, which is your initial stake plus your winnings. If you wager $100 free play on +100, however, your total potential return is just the $100 winnings. Whether you win or lose, your free play is used up. Obviously, free play bonuses aren't worth as much as cash bonuses, so that means it's up to you to squeeze as much value out of them as possible.
Obviously, the first three letters on the top two lines of the three-line package of symbols represents a team in the game you’re wagering on; NYG stands for the New York Giants, while DAL stands for the Dallas Cowboys. The number next to each team’s name is known as the spread or the point spread. Wagers on the point spread are among the most popular sports wagers in the world. The reason this wager is popular is that it doesn’t matter which team wins or loses; what matters is the amount of points the teams score, and whether or not the team you place your money on beats the difference in points (the ‘spread’) or not.
According to an article in The Times dated 10 April 2009, approximately 30,000 spread bet accounts were opened in the previous year, and that the largest study of gambling in the UK on behalf of the Gambling Commission found that serious problems developed in almost 15% of spread betters compared to 1% of other gambling. A report from Cass Business School found that only 1 in 5 gamblers ends up a winner. As noted in the report, this corresponds to the same ratio of successful gamblers in regular trading. Evidence from spread betting firms themselves actually put this closer to being 1 in 10 traders as being profitable, with a high number of clients suffering from the volatility that is supposed to be one of the benefits of spread betting.
If you’re new to sports betting or are a seasoned bettor looking to make some tweaks to your strategy, including moneyline bets could be a great move. They’re simple to learn and provide a fantastic way to add serious profit to your betting strategy. Don’t let their simplicity fool you. It still takes quite a bit of skill to beat them. But if you take the information we gave you here and really search for value opportunities, you’re hopefully going to be able to come out on top. Remember, sports betting is a marathon and not a sprint, so make sure to think long-term.
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.
A “Win/Place” or “Each Way” bet (aka EW) refers to a bet where the chosen selection must either win or place within the payout terms. The bet is divided in two parts,the “Win” part and the “Place” part of an equal stake or wager. Settlement of such bets will take into account the applicable rules governing the "Win" and "Place" bets, namely the Sport-specific rules as well as any applicable ‘Dead Heat Reductions’.
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.
Without point spread betting, placing a wager on our team to win these games would be financial suicide. Point spreads create an even playing field for sports bettors. Even if your team is supposed to lose by 20 points, you can still bet on them if you think they're going to have a better day than predicted. If you've ever wondered why someone was still cheering and going nuts at the end of a blowout, you can bet they were sweating a point spread bet.
For example, imagine a game where the odds were -550 for the favorite and +450 for the underdog. A bettor shopping around for lines might be delighted to see the same favorite offered at -490 and enthusiastically back the team at those odds simply because those are the best odds available. However, if we removed the vig from -550 and +450, we'd see that the fair odds are actually -466 and +466. So, placing a wager at odds of -490 doesn't actually offer any value.
Used in high-scoring sports like NFL and NBA, the point spread is a handicap that is placed on the favorite team in terms of points for betting purposes. If 10 points favor the Broncos over the Seahawks the point spread is 10. The Broncos must win the game by 11 or more points for you to win your wager. If you’ve made your bet on the Seahawks, you’ll win your bet if your team wins the game or losses by nine points or less. If the Broncos manage to win by exactly 10 points then the bet will be a tie.
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.
Having a choice between the money line and the point spread gives the bettor more options. Consider a scenario where there is a strong favorite for a game. You might want to guarantee a smaller return by betting on the favorite to win on the money line – or you might want to almost double your money by betting on that team to not only win, but win by more than a certain margin. Conversely by backing the dog, on the money line you’ll receive a better return for your money but by backing the same team against the spread you have the insurance of still being able to win even if the team don’t.
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:
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.
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.
The -110 on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent (aka juice) to the sportsbook, which is essentially a fee for brokering the wager. So, the -110 indicates that a bettor must risk $110 to win $100. Some sportsbooks will even reduce the juice for you which means you can earn the same $100 payout but risk less money to do it.