The house vigorish - and your chances of winning - get worse with the more teams you add. So while some sportsbooks will let you place a 15-teamer with astronomical odds, you probably have a better chance of being struck by lighting - twice - before winning one. You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers.
When you’re looking at over under bets, what you need to know is that that’s the combined score of the two teams for a game. In this case, it doesn’t matter who wins the game. All that matters is the final score. For example: let’s say that the New York Yankees are playing the Boston Red Sox and the total is 9.5. It doesn’t matter who wins the game but if the two teams combine for a total score of eight runs, say with a final score of Boston winning 5-3, then the game goes under. Or if the two teams combined for 10 runs – no matter who wins – then the game goes over. So when you’re looking at the odds and you see a total next to the moneyline or point spread, that tells you the over-under that is set for the game and you have to decide whether it will go over that set amount or under.
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.)
Nothing says "summer" better than a trip to the racetrack and several ice-cold drinks while basking in the sun and skimming through the dailyracing program. Unfortunately, only a small amount of the betting public actually knows how to dissect the program properly which gives them a bit of an edge when it comes to placing their wagers. Most amateurs or leisure bettors stick to the simple bets like win, place or show despite the potential of a massive payout when playing the exotic bets. The exotic bet I will teach you about today is the popular trifecta bet, also known as a "triactor" at some tracks. Read More >>
With the over/under or total, bets are being made on what the total score may be. In our example which features two solid defenses and good offenses, the total might be around 41. If OSU scores 24 and Wisconsin 20, the total would be 44 or over the 41. If the Buckeyes scored 21 and the Badgers 14, then the total would be 35 so the under would win. Once again sometimes, if the total is a whole number, the result may be a push. That results in all bets simply being returned.
The Jets are favored by 7 points. When you wager on the Jets -7 points, they have to win by 8 or more for you to get paid. A win by exactly 7 points would be a push and you get your money back. If you wager on the Giants +7 points, you’ll need them to win or lose by 6 points or less to win your bet. The Giants can win the game and you’ll win the wager because they didn’t lose by 7 or more. A loss by exactly 7 points would be a push and you get your money back.
In February 2011, FDU's PublicMind released a poll which showed that half (55%) of voters agreed "that people bet on sports games anyway, so government should allow it and tax it." On the other hand, approximately (37%) of New Jersey voters concurred that betting on sports is "a bad idea because it promotes too much gambling and can corrupt sports." Again, by a significant margin (70%-26%), voters who already engage in sports betting in office pools tend to be more supportive of legal sports betting than other voters.
Understand that negative odds indicate how much money your must spend to make $100. When betting on the favorite, you take less risk, and thus earn less. When betting on a favorite, the moneyline is the amount of money you need to spend to make $100 profit. In the previous example, in order to make $100 of profit betting for the Cowboys, you would need to spend $135. Like positive odds, you earn back your bet when winning.
"There’s only so much discretionary income in the Commonwealth, and if this new form of betting taps into it, we feel our sales could be negatively impacted, which in turn could effect proceeds to the Commonwealth," Polston said in an email. "As those proceeds fund college scholarship and grant programs — including every dollar of the popular KEES scholarship — there’s a lot at stake here."
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.
This might be the most unlikely playoff matchup in NFL history. Why? Houston started the season 0-3 and Indianapolis began 1-5. Texans coach Bill O’Brien is probably fired if his team doesn’t win 37-34 in overtime at Indy in Week 4. The Colts won 24-21 in Houston in Week 14. The Texans claimed the AFC South title with Sunday’s 20-3 win over Jacksonville to reach the playoffs for the third time in the past four seasons. The Texans have won at least one postseason game in three of their four all-time trips.
Futures – wagers made in predicting an event in the future like next year's pro pigskin title. Oddsmakers produce lines during the year, depending on the strength or weakness of teams, then offer wagers on each team to win. For example, a league's top team may be +150 to win the championship. That means a $100 wager would pay $150 profit. However, a poor team might be +3000, indicating they are not expected to win and a $100 would pay $3,000 as a huge longshot.
There is no such thing as a half point in sports, but there is in sports betting! The half point ensures that a side will win and that the match will not end in a push, where the spread equals the actual difference in points between the two teams. In a push all bettors get their money back, which is no good for the oddsmaker! Half points also give oddsmakers more control over lines, allowing them to set more specific values.
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.
Certainly, there is a possibility that other tribes in New Mexico will attempt to take advantage of the broad language of their compacts to offer sports betting, but they may be waiting to see how the launch at the Santa Ana goes. Walker of USBookmaking said “we’re in active negotiations in New Mexico,” as well as looking at potential opportunities elsewhere.
In a national poll released in December 2011, Fairleigh Dickinson University's PublicMind asked voters whether they “support or oppose changing the federal law to allow sports betting” in their respective states. Just as many voters approved (42%) as opposed (42%) allowing sports betting. However, voters who already live in households where family members (including themselves) engage in sports betting had a strongly favored legalization of sports betting (71%-23%), while voters in households where sports betting is not an activity, opposed legalization (46%-36%). Peter J. Woolley, professor of political science and director of the poll commented on the findings, “Gambling has become, for good or ill, a national industry, and you can bet that politicians and casinos all over the country are closely following New Jersey’s plans.”
It is important to note the difference between spreads in sports wagering in the U.S. and sports spread betting in the UK. In the U.S. betting on the spread is effectively still a fixed risk bet on a line offered by the bookmaker with a known return if the gambler correctly bets with either the underdog or the favourite on the line offered and a known loss if the gambler incorrectly bets on the line. In the UK betting above or below the spread does not have a known final profits or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler.
That was all before Charles McNeil, a math teacher from Chicago, invented the concept of the point spread. An avid gambler, McNeil created what he called “wholesaling odds” and started his own bookmaking operation in the 1940s. He started out offering this new style of betting on football, but his business model grew to include basketball. McNeil changed the way sports betting was done, and his legacy lives on today in what we now call the point spread.
Parlays - these might be the most popular bets out there, especially among novice and amateur bettors, perhaps because of the lure of betting a small amount for a potentially big payoff. But they are fool's gold at best. Parlays involve wagering on two or more games on the same bet following the casino's pre-determined payout scale. Each game on a parlay must win for the bet to be a winner.
Total: Also called the over/under, it is a number set by the sportsbooks that proposes a number of points that will be scored in the game by both teams combined. Then, fans predict whether there will be more points or less points than the Â‘total.Â’ If you bet the under 41.5, you are hoping for a tough defensive battle with lots of running game. Pick the over, and presumably you feel this will be a high-scoring game. In short, you are predicting whether the combined total score will be more than (over) or less than (under) the total.