When reading college football odds, the first thing you will see on the left is the time and date of the game. Next, you’ll see two numbers and the team names. Each team is assigned a rotation number. These numbers are standard on all sportsbooks and do a few things. First, it creates a certain order for the games as each matchup is listed in numerical order. The other thing the number does is it allows bettors to refer to the game and team without having to mention the team name or anything else.
The team is now 6-1 since rookie Lamar Jackson, the former Heisman winner, took over as the starting quarterback. Jackson is only the fifth rookie quarterback in the Super Bowl era to win six of his team’s final seven games. Baltimore won at the Chargers in Week 16, 22-10. The Ravens defence completely dominated, holding L.A. to just 198 yards and forcing three turnovers. Our complete preview of this game can be read here.
The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will ensure a profit regardless of the outcome of the wager. The Federal Wire Act of 1961 was an attempt by the US government to prevent illegal bookmaking. However, this Act does not apply to other types of online gambling. The Supreme Court has not ruled on the meaning of the Federal Wire Act as it pertains to online gambling.
Spread – also known as the line or point spread, it is generally thought of as the predicted margin of victory for one team. In reality, it's a number chosen by the oddsmaker that he feels will encourage an equal number of people to wager on the football underdog and the pigskin favorite. The negative value -13.5 indicates that team is favored by 13.5 points. The positive value +13.5 indicates that team is the underdog by 13.5 points. Betting on the favorite means the team must win by at least fourteen points to cover the spread. The underdog team can lose by thirteen points and still cover the spread.
Football betting is by far the most popular form of sports betting by far. Most professional gamblers only bet for 5 months out of the year because of this. When you include College and NFL together there are almost a hundred games to bet on during a 2-day span. This is what is so appealing to the professional gambler; the action packed two days that comes every fall for five months. The gambler has so much to watch in a 48 hour span that the rush alone makes these bets fun. Now I do not expect you to go out and bet on every game played on a Saturday or Sunday. However, I will outline below how you can bet on football also how to become more successful at football betting
Check these sites out and see which one fits you best. Maybe you will take advantage of the bonuses at those sites and then decide which one you want to continue to use. I prefer to use multiple sites, so I have a selection of lines to choose from to get the best available payout! Whether you want to bet $1 or $500, any of these sites will work just fine for you and pay you quickly when you win. If you want more details and options, just go to the sportsbook reviews and ratings page.
Also known as NFL OVER/UNDER betting, the total is the number set by sportsbooks that estimates the total number of points scored by both teams combined. Bettors then must predict whether there will be more or fewer points than the NFL “total.” If you bet the 37.5 UNDER, you are hoping for a defensive battle and predicting the offenses to struggle. If you bet the 37.5 OVER, you are hoping this will be a high-scoring game.
Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively.
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.
The Patriots are set to take on the Rams in the greatest show on turf and money has been flowing into both sides of the Super Bowl 53 point spread. The Patriots are -3 for SB LIII according to most legal online sportsbooks but some have them listed only at -2.5. The Rams and Patriots are both offensive minded, and capable of scoring quickly; therefore, the winner will likely be whoever scores last in the game (-180). There is still no discussion of whether the roof will be open or closed at Mercedes-Benz Stadium in Atlanta, so weather may or may not play a factor here. Either way, make sure to get in your bet on the spread for Super Bowl 53, whether you choose the Patriots or Rams, before the 6:30 EST kickoff on Sunday, February 3rd.
I’ve titled this Sports Betting For Dummies. It’s a tutorial for those who want to start betting on sports or those who want to gain a better understanding of some of the terminology and theory behind it. We’ve all been in the position of learning something new, so please don’t be embarrassed if you don’t grasp these concepts. Instead, contact me via the form at the bottom of this page, and I’ll help you in any way I can.
Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.
Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises. The term "book" is a reference to the books used by wagebrokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Illegal bookies, due to the nature of their business, can operate anywhere but only require money from losing bettors and don't require the wagered money up front, creating the possibility of debt to the bookie from the bettor. This creates a number of other criminal elements, thus furthering their illegality.
Head-to-Head. In these bets, bettor predicts competitors results against each other and not on the overall result of the event. One example are Formula One races, where you bet on two or three drivers and their placement among the others. Sometimes you can also bet a “tie”, in which one or both drivers either have the same time, drop out, or get disqualified.
Oddsmakers do more than pick the winners and losers of each game. They weigh myriad factors to determine which team is favored by how many points. They set an early point spread on each game, then adjust it up or down based on betting patterns. If the Dallas Cowboys are 6-point favorites over the New York Giants, they must win by seven or more points to pay off winning bets. If you wagered on the Giants, you win your bet if New York either beats Dallas outright or loses by five points or fewer.
The most common NFL spreads are usually set between about 2.5-10.5 points, but you will also almost always have games each week with spreads lower than 2.5 and higher than 10.5. In the event that the oddsmakers feel the game doesn’t need a spread, it would be set at 0 or what some call a pick’em (both teams are given even odds to win for this type of bet).
In November 2014, a poll found that there had been a major shift in attitudes towards sports betting in the United States, showing that 55% of Americans now favored legal sports betting, while 66% of respondents agreed that this should be regulated by state laws, as opposed to federal legislation. The poll also suggested that 33% of respondents disagreed with the notion of legalization.
If you've ever said the words "best two out of three" when playing a game amongst friends, you are subconsciously making a "series bet." You are betting that during the course of these three games that you will be able to win two games thus emerging victorious. In the sports betting industry, a "series bet" is a betting option that allows you to correctly predict which team will win more games in a particular series and ultimately advance to the next round instead of deciding who will win each individual game. Read More >>
In this instance, the Dodgers are the favored team, as signified by the negative numeral. It would cost you $130 in order to collect a $100 payout on a Dodgers victory (plus the original wager of $130). But if you bet $100 on the Cubs, you'd collect $120 if they win (plus the original wager). In other words, you'll have to wager more money on Los Angeles than you would Chicago in order collect $100 on a bet.
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). European format (decimal odds) are used in continental Europe, Canada, and Australia. They are the ratio of the full payout to the stake, in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. They are the ratio of the amount won to the stake - the solidus "/" is pronounced "to" for example 7/1 "seven to one". Fractional odds of 1/1 are an even bet. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. US odds of 100 are an even bet.
For reading the fraction odds, I strongly recommend converting them to a decimal. This will make figuring out your potential win much much easier! To do this, just like in 2nd grade, you take the first number and divide it by the second. So if your odds read 7/4, you simply divide (7) by (4), which equals 1.75. That is the decimal form odds, now you simply multiply (1.75) by whatever your wager amount is to figure out your potential profit. In this case, if you were to risk $100, then your potential win would be $175 profit if you are correct! Also, you will receive your initial bet amount of $100 as well, for a total of $275 in your hand.
Conversely, in most other countries financial spread betting income is considered taxable. For example, the Australian Tax Office issued a decision in March 2010 saying "Yes, the gains from financial spread betting are assessable income under section 6-5 or section 15-15 of the ITAA 1997". Similarly, any losses on the spread betting contracts are deductible. This has resulted in a much lower interest in financial spread betting in those countries.
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.
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:
Often big games will have "proposition" bets on things not directly related to the final score of the game. These are usually abbreviated to "prop" bets. For example, in football whether or not the first score will be a touchdown. In baseball whether a run will be scored in the first inning. In hockey/soccer, whether anybody will score a hat trick. The odds on these are expressed like point spread bets. For example, as I write this the Golden Nugget has the following proposition bet on Super Bowl 49:
If you like favorites, you're going to be betting a lot to win a little. The money line will always be listed to the right of the point spread on the odds board in a sports book. In the above example, the money line would probably be Chicago -250 and Detroit +200. To bet Chicago simply to win, you must wager $250 to win $100, while a $100 bet on Detroit would pay $200 if the Lions come through.
A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. Financial spread betting (see below) can carry a high level of risk if there is no "stop". In the UK, spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission.
Futures bets are exactly what they sound like, a wager placed on an event that will occur in the future. As you can imagine, the most popular futures bet in the NFL is who will win the Superbowl. In fact, the Team Odds to win it all are released within a week after the previous year’s championship. It is not uncommon to see last year’s worse team to be 100/1 dogs or worse. Naturally, Futures are not limited to simply who will win the big game. Much like proposition (prop) bets for any particular contest, you can place several futures bets on potential outcomes, from who will win what division to who will win the league’s MVP. Futures Odds can be found at nearly any reputable sportsbook, but some have a limited selection of wagers they will actually take.
In-play betting. In-play betting is a fairly new feature offered by some online sports books that enables bettors to place new bets while a sporting event is in progress. In-play betting first appeared towards the end of the 1990s when some bookmakers would take bets over the telephone whilst a sports event was in progress, and has now evolved into a popular online service in many countries. The introduction of in-play betting has allowed bookmakers to increase the number of markets available to bet on during sports events, and gamblers are able to place bets based on many different types of in-game activity during the matches. For example, in football matches, it is possible to bet in on in-play markets including the match result, half-time score, number of goals scored in the first or second half of the game, the number of yellow cards during the match, and the name of the goal scorers.  The availability of a particular sport and in-play markets varies from bookmaker to bookmaker. In-play sports betting has structural characteristics that have changed the mechanics of gambling for sports bettors, as they are now able to place a larger number of bets during a single sports game (as opposed to a single bet on who is going to win). One of the most important differences between being able to place an in-running sports bet opposed to a pre-match bet is that the nature of the market has been turned what was previously a discontinuous form of gambling into a continuous one. The gambling study literature has suggested that in-play sports betting may offer more of a risk to problem gamblers because it allows the option for high-speed continuous betting and requires rapid and impulsive decisions in the absence of time for reflection. There are three different types of in-play sports betting products(cash out, Edit my Acca, and Edit my Bet).
Bookmaker's interest - In order to guarantee a profit for the house, a bookie needs to create even action on both sides of a particular game. In a perfect world the bookie would have 50 percent of the handle come in on the underdog and 50 percent on the favorite. This ensures that the sports books are guaranteed a profit because of the 10 percent commission or "vigorish" charged on most sports wagers. This is why there is "movement" on the point spread. If one side on a game is being bet more heavily, the bookie must move the number in order to attract interest on the other side in order to balance action.
The defensive overall rankings are also important as well in order to see how the team is able to handle any type of offense that it plays against. You can also separate the offensive and defensive rankings to run and pass. For instance, if a team has a great rush defense but a porous pass defense and they are playing against a pass happy team, it will a lopsided match-up, in which the run defense will not play as big of a part of the game.
With NFL odds the over/under can vary but usually it’s somewhere between 35 and 47 points. Let’s say in the Colts and Bengals game that the total is posted at 37.5. If Indy scores 27 and Cincy gets 13 points, the total would be at 40 and the over would win. But if the Colts rack up 35, and they shut out the Bengals, the total of 35 would be under.
When you bet on the money line, you are betting on one side to simply win. Any time you see a money line, the minus sign (-) indicates the favorite while the plus sign (+) indicates the underdog. For example: Chicago Bears –240 vs. Minnesota Vikings +210. Using $100 as the base, it will take $240 wagered on the Chicago Bears to win $100. For a bettor wagering on the underdog Minnesota Vikings in this scenario, $100 will win $210. 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.
Over/Under means the odds-makers picked the most likely total combined score of both teams. For example in an NFL game with the Jaguars vs Dallas the over/under is 37. You can either bet on either “over” or “under”. Over, is if the two scores added up at the end, total to over 37. Under is if when you add them together, they’re less than 37. If the total is 37, it’s a tie, or “push” again.
You’ll need to know how the rotation number, point spread, moneyline and over/under are used and what each means. Each of these terms may be called by another name. The rotation number if often referred to as the number or the rotation mark, moneyline becomes line, point spread is called the spread, and over/under becomes the total. When you come down to it, these are the major terms that can be lumped under the heading odds.
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.