If both bets are correct you would win approximately 2.5 to 1. The odds for parlays are different at different sports books. If you make a parlay with 10 teams you might get paid around 70 to 1 or better depending on the sports book. Winning one game is difficult enough and parlays are very difficult to win. There’s a reason the payouts are so high.
Oddsmakers want you to gamble on underdogs as well as favorites. They set points spreads that encourage balanced betting. They analyze the strengths and weaknesses of each team, factoring in won-loss record, strength of schedule, results against common foes, key injuries, recent performance and previous games between the teams. They also rate the value of home field advantage and consider the game day weather forecast where relevant. If they see heavy wagering on the favorite, they will increase the point spread during the week to spur more betting on the underdog. If more money is going on the underdog, the spread will decrease as game time nears.
The over/under in this example has been set at 42.5. If you project the Jets and Patriots to combine to score more than 42.5 points, you would place a wager on the over. If you think they will score less than 42.5 points, you would bet the under. Let’s say the final score of this game is Patriots 27, Jets 24. Which bet would lose and which bet would win? The sum of all points scored is 27 + 24 = 51, so an over bet wins and an under bet loses.
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.
For example: New England –2.5 (–110) or Philadelphia +2.5 (–110) means you’d wager $110 for the chance to win an additional $100 if you bet on the point spread. Depending on which side is receiving the most action, a sportsbook will often move the line up or down in order to incentivize betting on the less popular side. Injuries or unforeseen changes can also impact a point spread gambling line. Point spreads are often listed with a half-point (ex: 2.5) in order to prevent the final margin from landing exactly on the point spread (ex: 10-point spread, final score of 20–10). A “push” or “tie” usually goes to the house or sportsbook, unless another arrangement has been agreed upon beforehand.
In a different study released by FDU’s PublicMind in October 2011, results showed that New Jersey voters thought legalizing sports betting in New Jersey was a good idea. Half of New Jersey voters (52%) said that they approved the idea of legalizing sports betting at Atlantic City casinos and racetracks, 31% opposed it. In addition, there was a significant gender split: a majority of men approved of the idea by a wide margin (65-21), while only 39% of women approved and 41% opposed. The October results were stable, reflecting an earlier poll in April 2011 where New Jersey voters approved the legalization of sports betting in the state by a margin of 53%-30%. However, nearly two-thirds (66%) of voters were not aware of the upcoming statewide referendum on the issue. Age proved to be a divide: voters between the ages 18 and 34 were more likely to approve of sports betting than were older voters. Dr. Woolley commented: "But... younger voters... are far less likely to vote than other voters... As always, a lot depends on who actually shows up to vote."
The pool host will then try to sell each square on the chart, usually ranging from $5-$100, depending on the type of clientele buying the squares. After all the squares have been sold, each box is then assigned at random so that everyone has a fair chance to get a coveted square. Another method some pool hosts use is to have all the entrants write their names down inside a single square of their liking on the blank 100 square pool sheet and then use 10 cards (Ace through Nine) to randomly draw the numbers at the top and side of the pool sheet.
A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash. All the G-Men have to do is come within 8 points of the ‘boys, and you’re a winner. You determine a winning or losing point spread by adding or subtracting 7.5 from the final score, depending on which side you laid your bet. If you’re confident that New York will at least come within a touchdown of beating the Cowboys, or beating them outright, then you’d wager on the spread in favor of New York.
There are also half bets, which are a wager placed on the odds posted for the first half or second half of a football game only. All halftime wagers are calculated the same as a straight wager. Another type of bet is a parlay which is a selection of 2 or more teams. All teams wagered on in a parlay must win. If there is a tie on any bet you would be paid out on the next payoff. For example, if you had a 5 team parlay and two teams tied, you would then be paid on a three team parlay if all the other teams won. Another type of football bet is called a teaser, which is a selection of two or more teams in one wager in which the point spread is adjusted in your favor. The number of football teams selected and the number of points selected determines the odds for payout.
Major League Soccer (MLS) the top soccer league in the United States and Canada has expressed sports betting as a possible way to gain popularity. Commissioner Don Garber has stated about sports gambling, " We have a project going on now to really dig in deeply and understand it. I’ll join the chorus of saying it’s time to bring it out of the dark ages. We’re doing what we can to figure out how to manage that effectively."
Another way to beat football point spreads is to shop for off market prices. For example, let's say you're shopping online betting sites and see every site is offering Vikings +7.0. Then, you stumble upon one site that's offering +7.5. There's a good chance that this is a +EV wager, simply because it is out of sync with every other site. Please note that this strategy isn't quite the same as simply shopping for the best lines. Here, you're specifically looking for wagers that are +EV because they're against the market.
A parlay basically combines several different wagers into one. For example, a parlay could be made up of five point spread wagers on five separate games. The payout for such a wager could be very attractive, but only if ALL the wagers were correct. Just one wrong pick would mean the whole wager failing. That's why these are considered quite risky. They're a bit more complex than the previous wagers mentioned, but we won't go into any more detail here. We do on the following page though.
Essentially, a moneyline bet is a bet on which team is going to win the game. There is no point spread or other handicap for either team, so if you pick a team and it scores more points than the other team then you win. Obviously there has to be a catch, though, or the bet would be way too simple. The sportsbooks balance their risk by setting different prices on each team. You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog. The stronger the favorite the less you will win, and vice versa.
The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager. This allows a bookmaker to act as a market maker by accepting wagers on both sides of the spread. The bookmaker charges a commission, or vigorish, and acts as the counterparty for each participant. As long as the total amount wagered on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions.
The point spread is a handicap placed on one team for betting purposes only, it has no place in the game itself. It's designed to give both teams an equal chance at winning in the context of wagers. Think of it this way: If last season's Super Bowl champion was playing a basement-dweller team that hadn't won a game all year, that's a shoo-in bet. Of course, you're going to take the Super Bowl champs, and in all likelihood, you're going to win. What's the fun in that? Even your bragging rights would be next to nil.
Sports betting has been around since 1000 B.C in China, where betting on animal fights was commonplace. In ancient Rome, one could wager on the Gladiatorial games. The idea of betting on sports is as old as organized sport itself. But up until the 1940s, bettors were fairly limited in what kind of bets they could make. The standard system of odds would allow bets on, for example, the 3-1 odds that the Steelers would beat the Browns.
Total – also widely referred to as the over/under is the predicted number of points oddsmakers believe will be scored in the game by both teams combined. The concept is simple – handicap how each team stacks up against each other on offense and defense and predict whether there will lots of scoring or not much. In totals betting, you are predicting whether the combined total score will be more than or less than the total.
"Since pre-filing the bill in the fall, I spoke on the Senate floor to stress the importance of being ready to move forward when the court handed down its ruling and use the benefit of having this new revenue to fund our pension systems and education," Carroll said in a statement on Monday. "We could have been in front of this issue had we acted in the last session."
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