You’ll see on the right-hand side of the teams a number with an “o” or a “u” before it. As you may have already gathered, the “o” stands for over and the “u” stands for under. Even though the over is on the Celtics line and the “u” is on the Mavericks line, it does not matter. They’re written that way for organizational sake and not because either bet is connected to either team. Remember, it only matters that the total score of the game is. One team can score all of the points, and you’ll still win your bet.
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.
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.
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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?
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).
Placing a point spread bet means gambling on how much a team will win or lose by. In our above example, the Cowboys are the favorite. How do we know that? The minus symbol in front of the point spread indicates that the bookmaker thinks the final score will have Dallas winning by 7.5 points or more. The underdog, in our example that’s the New York Giants, will always be indicated with a plus sign. If you wager on the Cowboys on the point spread, America’s Team will have to win by at least 8 points for your wager to pay off. Should the Cowboys win by less than 8 points, your bet is lost.
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.
If your sports betting experience consists mostly of office pools during March Madness or a casual wager between you and a friend while you watch the Super Bowl, the transition to serious sports betting means learning how to read betting lines. The biggest difference between making the kind of casual bets mentioned above and placing wagers with online sportsbooks or at brick-and-mortar bookshops is the use of sports betting lines. Casual wagers usually involve each person in the bet picking one team to win, then wagering an equal amount, say $20 or $30. Professional bookmakers, online sports betting exchanges, and sports betting facilities in casinos have a more complex system for offering wagers on sporting events, in part to ensure profit on the part of the book, and in part to present a standardized representation of odds.
For those who are just starting to place sports wagers online, moneylines can be a bit confusing and overwhelming. They differ from point spreads, which are more concerned with the winner and by how much they win. With moneylines, the winning bet will be based on who wins and that is it. These types of bets are usually placed when betting on low-scoring games such as hockey or baseball, but they can also be an option with boxing and some mixed martial arts. The key to understanding moneyline betting is learning how to read the lines. Bettors will usually see a + and a – amount after the listed teams. The – indicates the favoured team. Let’s say there is a moneyline of +120 and -130. The -130 is the favoured team and will cost $130 in bets to collect $100 on a win. If punters choose to bet the underdog at +120, they will bet $100 and will win $120. Basically, one will have to wager more on the favoured team to come out ahead.
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.
You may have heard the term “covering the spread” or the phrase “betting against the spread.” This means that if the favorite team wins an event with the point spread taken into account or that the underdog team wins with additional points, they have covered the spread. If the Packers win that game by more than 7 points, they have covered the spread.