If a team favored by six points wins by exactly six points, the outcome is considered a "push" and the bettors get their money back, minus the bookmaker's commission. To reduce the number of pushes, oddsmakers often set spreads with half-points. So if the Cowboys are 3 1/2- or 3.5-point favorites over the Giants, they must prevail by four or more points to pay winning bets.
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.
Once you have found the right betting provider and deposited money, there is usually a bonus on the deposited amount. Then you can already place your first bets. But before it comes to that, you should have a look at the website. The offer of the betting providers does not only refer to bets, but also to sports news as well as tips and tricks for successful bets. This information should definitely be read in peace, then you can make the first bet targeted. This step reveals how extensive the bookmakers' platforms are. On average, betting providers manage around forty different sports. The offer ranges from football to Formula 1 and surfing. For each sport several countries, leagues and competitions have to be selected. In football, for example, there are European national leagues such as the German Bundesliga, the DFB Cup or the English Premier League, international competitions such as the Champions League and national championships, i.e. the European Championship and the World Cup. This exists for women and men as well as for almost all countries in the world. So there are numerous possibilities at games, races or competitions on which you can place bets.
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."
Before I go on, let me clarify some terminology. Despite it being probably the most popular way to bet, there is no particular term for a bet against the spread. Many people call this a "straight bet." However, this term can also be used, and is printed on tickets for, money line bets, total bets, and any other bet involving just one game. For purposes of this page, I call such bets a "point spread" bet, and invite the rest of the world to adopt this terminology.
You may often notice that the spread is sometimes set at an even number such as 3, 6 , 10, etc. In this case if the favored team won by the exact amount set for the spread the bet would be pushed, and all bets would be returned. For example, if the Patriots were 3 point favorites and they won by a FG (3 points) than this would results in a push, meaning no matter which side you bet on you would get your money returned to you.
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.
NFL moneyline betting continues to gain popularity as many begin to understand the value of moneyline bets, especially in betting the underdogs. In this type of bet, there is no spread to beat, your team needs only to win the game “straight up” (SU), and there is no requirement for how many points they need to win by. The juice is the only number you really have to pay attention to with moneyline, where the negative value indicates the favorite (-140) and a positive one means underdog (+120).
Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better (lower) score wins the matchup. (If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup.)
It’s common knowledge among bettors that the online gambling industry pays close attention to Las Vegas Sports Consultants, a private company that handles the odds for casinos and newspapers. But the totals I set have to reflect our customers’ preferences for betting the over or under on certain teams in certain situations. Also, because LVSC lines are published early, I have to keep on top of injuries and potential changes in coaching strategy leading up to the game in question before I release any totals. This is doubly important in basketball, where pace determines how many shots will be taken in 48 minutes.
Odds are basically a way of leveling the playing field and in college football due to the fact that there are hundreds of mismatches per year the field really does need to be leveled. By utilizing odds in various ways bookmakers are attempting to get an equal number of wagers on each team. In doing so, they are able to ensure that they make cash no matter who wins.
There are many ways that you can bet on football and I will go over all of the different options below. The first and most common bet is the straight bet, which simply means the team wagered on must win by the point spread given at the time of the wager. Most of the time the odds on a straight bet is -110, which means for every $110 bet, you win a $100 back. An example of a straight bet is if the team you bet on is a 6 point (-6) favorite, also known as giving up 6 points. Then in order for you to win, the team taken in the wager must win by more than 6 points in order to collect your winnings. If they win by 6, then this will be called a push and your original bet will be refunded to you. You can also bet on the totals, which is also known as the over/under bet. The totals bet is The combined score of both teams for games wagered on, all totals pay out at -110, which is $110 dollar bet makes you $100, no matter if you bet on the over or the under. If the total score equals the line, then the bet is a push and you get your original bet back. Another type of bet is the money line bet. This bet is simply that team wagered on just has to win the game. The odds on these games vary depending on the disparity between the favorite and the underdog. You obviously will win more betting on the underdog; however there is a reason why these bets pay more because the odds of the underdog winning are decreased. Although betting the moneyline can sometimes return a big sum, it is wise to know that the bookmakers hold percentage is much larger than a typical straight bet on the side or total of a game. A classic straight wager on the point spread is almost always dealt at -110 on both sides which is 20 cents of vigorish. Compare that to a double digit favorite in college football with a money line of -600/+450 and you can see the extra 130 cents of vig added in.
Okay, so the other betting option available to you is the total or ‘Over/Under.’ You can choose to bet that the total points between the two teams will either be greater (OVER) or less than (UNDER) the projected total. Again, if you bet either way and the game ends up being 20-21, for a total of 41 points, then you will receive a refund of your wager amount.
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 >>
The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker. Each risks $110, meaning there is $220 to be won. The winner of that bet will receive all $220. However, if he had made that $110 bet through a bookmaker he would have only won $100 because of the vig. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig.
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.
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.
There are times when moneyline wagering is smarter than point-spread wagering and this is why moneylines are growing in popularity. Typically used in baseball and hockey, pro football moneylines are popular in Las Vegas for picking underdogs. The team you choose only has to win the game, not win by a certain number of runs or goals. The negative value still indicates the favorite (-150) and the positive value indicates the underdog (+130). It's easiest to picture the number 100 sitting in the middle of these two values. For example, if you want to pick a -150 favorite, you would risk $150 in order to win $100. On the underdog, you would risk $100 and win $130 if the underdog wins. It's a simple way to have the risk-reward scenario. In the right circumstance, where you have a small underdog, you can get a very similar bet by risking less and also get a bigger payout by going the moneyline route.
One of the first rules of gambling is that nothing is ever certain. There's one thing that's almost certain though; you will make mistakes as a beginner. This is nothing to worry about, and in fact making mistakes is an important part of the learning process. That doesn't mean you need to make unnecessary ones though. There are a few mistakes that are routinely made by beginners, and it pays to be aware of these.
Machine learning models can make predictions in real time based on data from numerous disparate sources, such as player performance, weather, fan sentiment, etc. Some models have shown accuracy slightly higher than domain experts. These models require a large amount of data that is comparable and well organized prior to analysis, which makes them particularly well suited to predicting the outcome of Esports matches, where large amounts of well structured data is available.
We hope this short beginner’s guide to understanding and interpreting odds will give you the confidence to get out there and start making winning bets. Our experts are here to help you on this journey, so do not hesitate to contact us with any questions you have about sports betting! We have only scratched the surface on reading betting lines, but this is an excellent place to start.
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.
Once you understand how odds in college football are expressed, you can use them to start to determine where your money should go. Be sure to see our college football odds page that connects you with the top sportsbooks on the Internet. The odds makers are trying to even out all bets. Your job is to determine on which side of the point spread, line or over/under it goes.
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
If you're new to football betting and keen to get involved then you've just come to exactly the right place. On this page we will teach you all the basics of betting on football, and make sure that you are on the right track from the moment you place your first wager. If you feel like you're ready to dive right in, here are the top football betting sites we reccomend:
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.
The busiest season of the year in the sports book is upon us. Betting on football makes up more than half the money wagered on sports every year in Nevada. The Nevada Gaming Commission doesn’t break down the wager money by the level of football. However, it’s widely discussed that there’s more money wagered on the NFL than college football. Canadian and Arena football are really just available to pass the time for fans until the fall.
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.
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:
Another form of futures betting involves the over/under on the number of games a particular team will win in the regular season. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. For example, the over/under on the Yankees may be 93 wins. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded.
For example, if you want to bet that -140 favorite, you’ll need to risk $140 in order to win $100. To bet on the +120 underdog we mentioned above, you’ll need to bet $100 to win $120 if the dog wins outright. In many cases, betting moneylines offers better value and can provide a bigger profit for less risk. Check out our NFL Betting Guide to learn more about when you should bet a moneyline instead of a point spread.