To show how this can be exploited, take a point spread of -8.5 at odds of -110. This is a 50/50 proposition. Let's assume you've purchased enough points to move the spread to -6.5 at odds of -150. Now, you'd win instead of lose 6.24% of the time they win by 8, and 6.59% of the time they win by 7. Add these together with the 50% from the original proposition, and we get 62.83%.
If you see the point spread move, let’s say from -9 on Tuesday to -10.5 on Friday, this is known as a line move. It occurs when there is a surplus of bettors wagering on the same side of the game and sportsbooks move the line to balance the action. That means encouraging more people to bet the other way by making the line more appealing. This reduces risk for the sportsbook, who wants to have an equal handle on each team.
The negative (-) sign indicates that the Cowboys are the favorites, while the positive (+) sign indicates that the New York Giants are the underdogs. With the spread set at 2.5 points, a bet on the Cowboys would mean that they would have to win by more than 2.5 points (3 or more) in order for you to win that bet. A bet on New York would mean that the Giants would have to either lose by 2.5 or less points (2 or less) or win the game outright in order for your bet to win.
Just when you think Canadians can't out do themselves, they go and get themselves a completely Canadian way of betting on the one sport they care the most about - hockey. As a Canadian, I can honestly say that we would chose hockey (plus beer) over just about anything in the world. It's our past time and it's our future because despite the lack of quality Canadian teams in the NHL, the fan bases are more passionate than ever in hopes of one day competing with and finally beating hockey's elite teams. Read More >>
This is a very common occurrence throughout the sports betting industry. Sportsbooks have the right to shift the spread or odds for any given match prior to it starting. Many factors play a huge role in this decision, and they include injuries, weather, the volume of bets on one side, and anything in between. Depending on the time you place your wager, the bettor may also have an advantage or disadvantage based on which way the spread has shifted.
A favorite (e.g. Patriots -280) on the money line works just like our bet price example above. In our new example, the Patriots are listed at -280, meaning you would need to risk $280 for a return of $100 on them. It follows that a winning bet on the Pats pays $100 (plus your initial investment of $280 back). This added risk is why betting the spread is usually more popular, especially on favorites.
The point spread will list one team in the negative and the other in the positive. (Unless neither team is favored, then they will be listed as EVEN or PICK). The club posted in the negative with a minus sign is favored and so the bookies take points away from them, which means that team must win by at least a certain number of points to cover the spread. The underdog will have a plus sign and will cover if they win outright or lose by less than the posted number.
Spread betting are wagers that are made against the spread. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another when two teams play each other and one is perceived as being more likely to win. The favorite "takes" points from the final score and the underdog "gives" points. This number can also be in increments of half-a-point (.5) even though very few sports have .5 point scoring (i.e., The Ryder Cup)
In Asian betting markets, other frequently used formats for expressing odds include Hong Kong, Malaysian, and Indonesian-style odds formats. Odds are also quite often expressed in terms of implied probability, which corresponds to the probability with which the event in question would need to occur for the bet to be a break-even proposition (on the average).
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:
The 2015 Gaming Compact negotiated pursuant to the Compact Negotiation Act permits the Pueblo to “conduct, only on Indian Lands, subject to all of the terms and conditions of this Compact, any and all forms of Class III gaming.” Gaming Compact at Section 3(A)(emphasis added). The Gaming Compact, like the Compact Negotiation Act, does not qualify or limit the term ‘class III gaming.’
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
Most gambling sites give away bonuses to new customers, and many of them offer additional rewards to existing customers too. You should always try to take advantage of these bonuses and rewards, as they are a great way to boost your bankroll. They're not exactly "free" money, as they come with terms and conditions such as having to wager certain amounts before being able to withdraw. Nonetheless, they can be very valuable.
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.
Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread. ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going.
The positions of the four major American sports leagues (representing American football, baseball, basketball, and ice hockey) have become more complex since their decision to embrace daily fantasy sports (DFS) in 2014, which are described by those within the industry as "almost identical to a casino" in nature. With the contention by critics that such activities blur the lines between gambling and fantasy sports, the endorsement of all four major sports leagues and many individual franchises provided a marked contrast to their positions on betting.
Even if you’re brand-new to betting on football, you’ve probably seen NFL spreads published in the paper or talked about on TV. The point spread levels the playing field, making betting on either the favorite or the underdog equally attractive. Either the favorite has to win by the margin listed, or the underdog has a buffer to lose the game by that margin, or win it outright.
There's a full-field wager, which resembles a line you'd see in a horse race. Jimmie Johnson would be 6-1 to win the race, meaning if you bet $1, you profit $6, meaning your ticket would be worth $7. There will be a pool of available participants, with the rest being put into a "field" category, giving you more individual chances to have a winning ticket, but typically with less unexpected winners.
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.
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.
As you can see, there’s another number in our example above. The –110 in parentheses refers to the juice; this figure is expressed in the same fashion as moneyline odds, with either a negative or positive sign in front of the number. In this case, in order to place a wager on either side, you would have bet $110 to win $100. If the juice on Kansas City had been +110, you would have bet $100 to win $110. Most NFL game lines ask you to pay the standard –110 vigorish. If you don’t see any particular figure attached to the spread, the usual –110 vig applies.
Who will win the next Super Bowl? You can place futures bets at any time on the upcoming Super Bowl champion. Oddsmakers set lines and change them throughout the entire season, depending on a team’s success or lack thereof. For example, a first-place team in October may be +300 to win the title. This means a $100 bet would pay out a $300 profit if they go on to win the title. However, a 1-8 team may be set at +2000, where a $100 wager would pay $2,000 as a long shot. They can be profitable and it’s always fun to predict the winner so early in the season. Be careful, though — wagering a large amount on an NFL futures bet ties up your money for a long time.