Say the Bears are a six-point favorite over the Lions and the total is 42. To bet the Bears, you must "lay the points," meaning they must win by seven or more to cover and give you the win. Betting the underdog Lions, you are "taking" six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides "push" and all bets are returned. It's also a push if the final score equals 42, otherwise the over or under will win.
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
Moneyline bets are by far the most popular type of sports bet that you can make. What’s great about moneyline bets is that they are not only simple enough for beginner sports bettors to understand and utilize properly, but they are also heavily used by professional sports bettors to rake in huge wins every single day in sportsbooks all across the world. In fact, there are many wildly-successful professional sports bettors who exclusively use moneyline bets in their winning strategy.
The first number in the listing pertains to the order this game appears on a sportsbook’s board. The next NFL game would be listed as #103 for the road team and #104 for the home team. You can think of these numbers in the same way that each horse in a race has its own betting number. The next big takeaway from this listing is that the top team is always the road team (thus the odd number) and the bottom team is playing at home.
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.
We do want to make sure to point out that this is total money returned and not your profit. We went over the difference above when discussing the American odds. Let’s take a look at the same bet again, but this time with decimal odds. We should be expecting to see a profit of $33.33 for an Eagles bet and $240 for a Falcons bet since we know that the bets are the exact same and are just presented in a different format.
Single day matchups are wagers on the complete 18-holes for that day. Holes played as part of a completion from the previous day's round, and playoff holes are not included in Single Day matchups. The full 18 holes will be considered in determining the outcome of the bet even if they are played on consecutive days. If both members of the matchup do not complete the full 18 holes, all bets are "No Action". If both players end the 18 holes in a tie, the bet is considered a "No Action" wager.
One of the most basic concepts when it comes to betting on sports, especially football and basketball is the pointspread. Even people that do not bet on sports understand what it means when they read or hear that New England is a seven-point favorite against Miami. While reading a pointspread and understanding what they mean is a very basic sports betting concept, there is still more to these numbers than meets the eye.
Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space. Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. The more experience you have watching and gambling on different sports, the faster you’ll be able to read betting lines.
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.
You've probably noticed by now that in the first game there are no odds posted in parenthesis to the right of each team. This means that the sportsbook is paying out both bets at the standard odds for a point spread bet of -110. Some sportsbooks will write the -110 in, and some will just leave it blank assuming that you know they will be paying out at the standard odds rate.
The simplest way to think about a moneyline is to consider a base bet of $100. A moneyline is a number larger than 100, and it is either positive or negative. A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you were to bet $100. Obviously, then, the team is a bigger underdog the bigger the number is - a +260 team is perceived to be less likely to win than a +160 team.
When unforeseen events occur such as weather, power outages, or any other unanticipated event once the game has started, many people wonder how that will affect the wager. If an event has not started, all wagers should have no action and be refunded. But if the event has started and is interrupted and not completed it gets a little more complicated. The following will examine the special rules for each sport and give you a better idea of what to expect should the event not be completed on the same night. Always check with your book to know any special rules that may apply but according to the letter of the law: the following is how each event should be interpreted.
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.
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.
Where people seem to get confused with moneyline bets is with how they are presented and how they pay out. While the criteria to win a moneyline bet will never change, the amount you win and how the bet is presented will change. Don’t worry, though. It’s easy to understand if it’s presented to you properly. We are going to cover this thoroughly in the coming sections. You’ll be a moneyline expert ready to crush the books when you get done with this guide.
How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate.
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.