For those who are only really interested in wagering for a bit of fun, you'll be ready to go as soon as you've finished reading this page. For those of you with ambitions of making long term profits, we also point you towards a wide range of additional information and advice that will help you to achieve such goals. We're not promising that we'll make you an instant expert, but we'll certainly give you the chance to become one.
I hope this article helped explain what -110 means and how to better understand sports betting odds. If you have any unanswered questions about reading odds or sports betting in general, feel free to send me a message. You can also subscribe here to receive new blog posts like this and other updates to Fast Break Bets via email. Thanks for stopping by and good luck!
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
If the bookmaker was only confident enough to give Seattle a field goal’s lead on the Patriots, it was clearly going to be a tight game. Oddsmakers aren’t often that wrong about flagship games like the Super Bowl. All things being equal, it’s likely the betting public would have taken the Seahawks to win the game and have been done with it. But throw in the point spread that gave the Patriots 2.5 points, and the proposition seems more equal.
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.
All individuals are banned from advertising or promoting any football betting activity in which FA regulations prohibit them from engaging. This, however, only applies to individuals in their personal capacities. For example, if a club is sponsored by a betting company and said company places its logo on the club's kit, the team's players are not in violation of the betting rules.
Say the Bears are a six-point favorite over the Lions and the total is 42. To bet the Bears, you must "lay the points," meaning they must win by seven or more to cover and give you the win. Betting the underdog Lions, you are "taking" six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides "push" and all bets are returned. It's also a push if the final score equals 42, otherwise the over or under will win.
Many novice bettors fail to understand the impact of home advantage when wagering on sport events. When looking at the board for potential wagers, these bettors tend to get excited and bet on lots of superior teams favored on the road against weaker opponents. The betting market is so much more advanced than this, and for the most part point spreads are always going to be 50/50 propositions.
Here in this point spread example for the NFL, the Falcons are playing the Panthers. Atlanta has been set as a three-point favorite on the betting line. That means that for Atlanta to cover the spread that has been set, they will need to win by at least four points. And for Carolina to cover the point spread, they can do so with a loss by two points or less, or obviously a win straight up. If the Falcons win by exactly three points, the bet would result in a push with no payouts.
Firstly you really need to understand the basics of what sports betting is all about, and what's involved with placing wagers. These basics are relatively straightforward, so thankfully it doesn't take long to get up to speed. It's definitely advisable to familiarize yourself with them though. Our beginner's guide to sports betting is the perfect resource for this. Here's a selection of some of the topics it covers.
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.
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.
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."
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.
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.
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.