Although the examples from above are in $100 increments, you don’t actually have to bet those exact amounts. That’s just how the odds are set up so that everyone is on the same page. With a quick glance at the numbers, you can tell who is the favorite, who is the underdog and what type of payout you can expect on each. You’re free to bet $5, $500 or whatever amount fits your budget. If you want to find out the specific betting limits for each option, browse through the betting sites rating guide in order to find the sportsbook that better fits your minimum and maximum limits.
In 1919, the Chicago White Sox faced the Cincinnati Reds in the World Series. This series would go down as one of the biggest sports scandals of all time. As the story goes, professional gambler Joseph Sullivan paid eight members of the White Sox (Oscar Felsch, Arnold Gandil, Shoeless Joe Jackson, Fred McMullin, Charles Risberg, George Weaver, and Claude Williams) around 10,000 dollars each to fix the World Series. All eight players were banned from playing professional baseball for the rest of their lives. Pete Rose, the all-time MLB leader in hits, was similarly banned from baseball in 1989 for betting on games while he was an MLB manager.
The second number in our example (-110 for both teams) tells you how much you have to wager in order to win $100. It’s an easy way to calculate how much you’ll win if your bet pays off, presented in units of $100 at a time for simplicity’s sake. Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit. If a book gets a single bet of $110 (by a customer hoping to win $100) on the Cowboys and a single bet of $110 on the Giants, it will have taken in $220, but will only have to pay back $210 to whichever customer wins the bet. That’s a guaranteed profit of $10, and since sportsbooks take far more than a single bet in either direction, they stand to earn that seemingly small amount of profit many times over. The $10 difference between what you wager and what you win is known as juice or vig in the sports betting industry, and it’s the way books earn their bread and butter.
Sometimes sportsbooks will offer “reduced juice” at certain times or “nickel lines” that drop the -110 down to -105 in an effort to attract more bets. This is why it definitely pays to shop around for the best lines possible before placing your wager. Because the ultimate goal is to always make the most money you can, putting yourself in position to lay less to win the same amount is one way to help make that happen.
Since more people wager on football than any other sports it’s usually the easiest game to figure out how to bet. If you don’t know what to do, you can probably ask anyone in the sports book for instructions. The people visiting the casino might not know everything but they can give you the basics. Here’s a fairly thorough look at the different ways you can wager on football in Las Vegas.
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.
When it's not NFL season, BetOnline keeps on chugging along with point spreads for numerous other sports including men's + women's basketball (pro + college), along with run lines for baseball (full game + 5-inning), and they even have goal lines for several hockey leagues worldwide. BetOnline excels when it comes to betting on any sport, visit them today and give them a chance to prove it...it will not cost a cent!
While the National Basketball Association (NBA) was once active in preventing sports betting law relaxation, current NBA Commissioner Adam Silver became the first major sports leader to break from previous administrative opposition to gambling. In 2014 he stated in a New York Times op-ed, "I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated." In 2017, with support for legalization growing, he confirmed his belief that "legalized sports betting is inevitable".
No. The point spread is not a prediction of the final score, but rather is created to generate an equal amount of betting on both sides. In a perfect world, a sportsbook will get the same amount of money bet on the Rams to cover as they get on the Patriots to cover. If there is an even amount of money bet on both sides, the house is guaranteed to profit because of the juice (more on that below) placed on bets.
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.
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).
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.
Using an online sports betting site is far and away the best way to bet on football, or any sport for that matter. It's the most convenient and accessible option, and there are several other advantages too. Best of all, it's legal in the United States. There are some laws against online gambling in the US, but these mostly apply to companies and individuals providing gambling services. There's no law that states it's illegal to use a gambling site of any kind, so Americans are at liberty to place football bets online if they so choose. We've written the following page explaining things in more detail for those interested, or you can just keep reading for a quick guide to getting started online.
As you can see, understanding the -110 in sports betting is pretty basic once you realize what it represents. You can also apply this knowledge to other odds as well, such as the money line. This kind of bet is different because you are betting who will win the game straight-up, which causes the odds to be different for each game (instead of -110 for everything).
The general purpose of spread betting is to create an active market for both sides of a binary wager, even if the outcome of an event may appear prima facie to be biased towards one side or the other. In a sporting event a strong team may be matched up against a historically weaker team; almost every game has a favorite and an underdog. If the wager is simply "Will the favorite win?", more bets are likely to be made for the favorite, possibly to such an extent that there would be very few betters willing to take the underdog.
Using sports betting sites to bet on football online is relatively straightforward. It's super easy to open accounts at most sites, and the majority of them are very user-friendly. Finding and placing wagers generally takes no time at all, and can be done from the comfort of your own home with just a computer and internet access. You can even use most sites from a smartphone or tablet these days.
The key here is to target the point spread five and seven, because these are virtually tied as the most common margins of victory. It's important to recognize that most betting sites are only willing to sell 2 or 3 half points for 10 cents each, after which point they start charging more. Some sites sell up to four half points at this price though.
This arrangement tells us a lot: which team is home (listed on bottom, in this case the Seattle Seahawks), which team is the underdog (listed with a plus sign next to their name, in this case the New England Patriots), we know which team is the favorite (listed with a minus sign next to their name, in this case the Seattle Seahawks), and we know the point spread (2.5 points).
A few other small factors to look at would include recent matchups between the two teams, home and away records of the two teams, the way the teams have played in the past 3-4 weeks (hot streak/cold streak), and also any injuries to stars that could affect the overall game plan of team. How does a football team do off a loss, off a win, etc. Start adding some of these suggestions to your repertoire and I guarantee your sports betting bankroll will keep growing each football season.
In general, the betting public tends to gravitate towards favorites when betting the games regardless of the actual pointspread. This is especially true with high-profile teams such as Dallas and Green Bay in the NFL and Golden State and Cleveland in the NBA. The sportsbooks are well aware of this phenomenon and often times they will adjust the betting spreads accordingly. This, in turn, actually adds some value to the underdog when you consider that a pointspread is nothing more than a handicapping tool that is designed to even out the match.
The one variance you might come across in any pointspread listing is the commission owed on a bet. Instead of moving the actual spread for a game, some books will try and direct money one way or the other by adjusting the juice. For example, if there was a (-120) next to the listed pointspread, you would now owe $120 on a losing $100 bet. Sometimes a book will reduce or eliminate the juice all together to move money towards a particular side of a matchup. In this case, you might see (-105) or (+100) next to the pointspread to signify the reduced or zero commission for that bet.
I will painlessly explain all of the mysteries of sports betting 101 aka “Sports Betting for Dummies.” First of all, you have nothing to be ashamed of, you have taken the first and most important step of all – learning! Why waste money on a game that you don’t fully understand? You shouldn’t! That is why you are here now, to learn how it works and how to win!
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.
That’s easy to understand because of the payouts. If a team is heavily favored, that means they’re perceived as having a better chance of winning. If that’s the case, then you would win less money betting on them. The opposite is true for the underdog: they’re deemed as having a smaller chance of winning, which means you would get a bigger payout if you bet on them (and they won).
Much like any business venture you embark on, the most important part of the journey (for most) is the bottom line. We live in a world where cash rules everything around us, so it is vital to turn a profit, not only for living purposes but to feel successful and accomplished. In the sports betting world, turning a profit seems to be a walk in the park for sportsbooks. They keep track of their billions of dollars by using a term called "handle" and nobody is aware of how big the handle is until the sportsbooks tell us. Read More >>
The odds listed are a primary way of gauging the play in the game. There are hundreds of mismatches every single year and the leveling of the playing field has been very helpful in resolving that particular problem. With the use of odds, bookies are able to acquire an equal number of wagers on each team, which assures them that they get money regardless of who wins.
If you're seeing 15 or 25 instead of 15/1 or 25/1, you're seeing a decimal form of odds, as opposed to fractional. Multiplying your stake by decimal odds gives your total return, not your profit(which is total return -stake). To get to fractional from decimal, add 1. So 3/1 fractional = 4 decimal (just 4). 4/6 frac = (4/6+1) dec = 10/6 = 5/3, or 1.666, which is rounded to 1.67 by bookies. To go from decimal to fractional, subtract 1(which makes sense from profit = total return - stake) So 15 dec = 14/1 frac. 2.33... dec = 1.33/1, or 133/100.
Rotation numbers are standard from sportsbook to sportsbook. The number becomes a way to refer to the game and team without mentioning the teams name. It’s a sort of shorthand. Also, the rotation number allows each book to list the games in the same order—numerically. It is, in essence, a way to keep all of the games that are posted each day and throughout the week organized. That makes it easy for the bettor and the bookie.
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.
As an illustration, let's look at Super Bowl futures. Sports books list each NFL team with corresponding odds to win the Super Bowl. For example, the Ravens may be 5-1, the Redskins 12-1, the Cardinals 100-1, etc. If you place $10 on the Redskins and they go on to win the Super Bowl, you collect $120 plus your $10 back for a total payoff of $130. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl.
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.
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.
If you've ever made a full-game bet that was completely toast by half time, I will assume you know all about the half time bet. If you are one of the lucky few who don't know what that feeling is like, a half time bet allows you to wager on the outcome of the second half on any particular game - regardless of what happened in the first half. If you look hard enough and focus in on one or two games, you can often find a line that offers more value than you would normally find on a full game line because the line is soft. Read More >>
The moneyline works differently. With this type of wager whichever team wins outright pays off. There is no spread. How does the line work? The favorite is listed with a minus sign and a number. That number is the amount of cash that must be bet in order to win $100. The underdog is posted with a plus sign in front of a number. The number is how much a sports bettor wins on a $100 wager.
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.
Edit My Bet. The ‘edit bet’ feature can be used by gamblers to ‘unsettle straight accumulators’ before matches have started or whilst they are in-play. The feature can also be used for to swap single bets for new bets, and the gambler is given a new bet selection valued at the bookie's cash out price to reflect live market/game odds for the original bet.
Betting on sporting events has long been the most popular form of spread betting. Whilst most bets the casino offers to players have a built in house edge, betting on the spread offers an opportunity for the astute gambler. When a casino accepts a spread bet, it gives the player the odds of 10 to 11, or -110. That means that for every 11 dollars the player wagers, the player will win 10, slightly lower than an even money bet. If team A is playing team B, the casino is not concerned with who wins the game; they are only concerned with taking an equal amount of money of both sides. For example, if one player takes team A and the other takes team B and each wager $110 to win $100, it doesn’t matter what team wins; the casino makes money. They take $100 of the $110 from the losing bet and pay the winner, keeping the extra $10 for themselves. This is the house edge. The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit. This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams. Many things can affect public perception, which moves the line away from what the real line should be. This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found.
The most common football pool is the standard 100 square football pool. At almost every Super Bowl party you have ever been to you might have seen this 10 x 10 betting sheet and wondered what it is. There’s nothing like a friendly little game to liven up the party during the Super Bowl. This pool is built around a simple chart calls for no skill or previous knowledge of how to bet the spread or of the game of football in general. In this article I will explain how easy this to partake in and how much fun this form of gambling on football can add to the game.
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.’
Oftentimes a point spread will not be a whole number, and will be accompanied by a decimal point and a half number. This can be significant for a point spread. Essentially what it comes down to is that a whole number point spread gives the opportunity for a wager to push. A push means that if the favorite is favored by 10 points and wins by 10 points, bettors get their money back. Just like when betting on the over/under total for points, the spread is a half-point in addition to the whole number, there is no chance to push.
For all the talk of new forms of wagering, the good old point spread remains the bet of choice for most NFL fans. Also known as the line or spread, the myth is that Las Vegas sets the point spread as its predicted margin of victory for one team. In reality, it's a number chosen by oddsmakers that will encourage an equal number of people to wager on the underdog as on the favorite. The negative value (-3.5) indicates that team is favored by 3.5 points. The positive value (+3.5) indicates that team is the underdog by 3.5 points. Betting on the favorite means the team must win by at least four points to cover the point spread. The underdog team can lose by three points and still cover the spread. You will also notice a moneyline value associated with the point spread (such as -3.5, -115). This indicates how much you must risk in order to book the bet (also known as the vig or juice). It means you have to risk $115 to win $100. The underdog may see a value such as +3.5, +105. This means you risk $100 to win $105 if your team covers the spread. The spread is not a static number, so you will notice line moves during the week. Team A may be favored by 3 points on Tuesday and by 4.5 points on Friday. This indicates more people are betting on them, so Las Vegas increases the underdog value hoping to encourage more wagers on the underdog.