betting lines and odds explained

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Betting lines and odds explained

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Next, we come to what may be the most common type of sports betting odds, which is the point spread. They put point spreads up for all of the main sports such as football, basketball, hockey, baseball, and others. This is called "The Spread" and it basically tells you which team is favored and by how much. When betting the spread, you are betting that a team will win by a certain number of points, runs, or whatever.

Here is an example to help you understand point spreads in football. If Team A wins, but only by 3 points, then you will still win and get paid. There are over and under betting odds for pretty much every sport including baseball, football, hockey, UFC, Basketball, Horse racing, and much more.

If the number is 42 in a football game and you bet the over, you would need 43 points total between the two teams. In baseball betting, it is the number of runs scored that sets the total. Hockey totals are how many goals will be scored between both teams. With the spread and the total, you will occasionally see that the odds are distributed with "half points," which are in place to prevent a "push," or no one winning or losing the bets.

As long as there is a winner or loser, the sportsbooks will make their money on the juice and be happy. The truth of the matter is that Vegas pretty much sets all of the sports betting odds for the entire world. Anytime you hear someone asking or talking about Vegas odds, they are simply talking about the odds and nothing specifically related to Vegas. All of the online sportsbooks use services that simply use the Vegas odds as a starting point for events. Then their own systems will adjust the spread depending on how people are betting at their sportsbook.

Exotic bets are there to make for a more entertaining betting experience, but they work somewhat differently compared to the straight bets. But, the original point spread is still used in all these bets no matter how you look at it.

Parlays are essentially a combination of two or more bets into one, such as three teams winning their respective matches. These parlays are usually a long shot since so many teams have to win, but in the end, they are also some of the highest paying games. You can pick teams to cover the point spread, over or unders, or moneylines in a parlay and sometimes you can mix in different sports. Pleasers are some of the highest paying bets, as they take the spread and then subtract points, making it harder to succeed.

Then you also have to combine them into another bet of the same type in order to win. The payouts are huge, but it is not likely that these will come in unless you have the utmost luck or some sort of inside knowledge. Teaser bets bets are the exact opposite, in that you can adjust the spread to be more favorable, thus lowering your payout but increasing your chances of winning.

Either way, these are some of the more exciting ways for you to wager. There are also " If-Bets ", which allow you to combine two bets. The first bet has to win for the second bet to have action. If the first bet fails, the second bet doesn't come through. If you win the first bet, you can then use the winnings on the second bet, essentially building your bankroll.

American odds have become incredibly commonplace, despite the fact that they are not as easy to read as other formats. As an example, American Odds read like this:. In the example above, you can see that Team A has the lowest number of the group and are considered to be the favorite to win this bet.

And, with a little bit of manipulation, you can see how these odds will pay if the wager ends up being a winner and that is what we're all here for Fractional betting odds are the easiest to understand. Just about every single sportsbook that caters to Americans has the option available for fractional odds. And, while they may seem daunting at first, you don't really need to understand complex fractions in order to utilize these odds. Let's look at an example:. In order to best understand these lines, you first need to look at the ratio to 1.

Once you have determined this, you can figure out the favorite. To figure out which side is favored, you simply need to figure out which is the lower number. Fighter A's wager is the clear favorite as it is the lower number. So, how do you figure out what these pay? Anytime fractional odds are displayed at a value of less than 1, the bettor must risk more than they intend to win if the wager is a winner.

And, the opposite can be said for if a fractional value is more than As you can see, the payouts are in the fractional odds, you just need to know which way they go based on if they represent a value greater than or less than one.

Decimal odds are slightly more confusing than most other types of odds. In fact, we prefer not to use them when we bet but that is just our preference. Regardless, we are going to give you a little insight into these lines, as we want to give you insight about all of the common types of odds available.

If you look into these odds, you will definitely come out a little bit confused unless you are from Europe where these odds are commonly used than American or Fractional odds. The multiplication game is not as straight forward with decimal odds.

Let's take a look at another example:. When looking at decimal based odds, the same thing applies to them as all the other forms of odds when trying to determine the favorite In the example above, the favored candidate is Candidate A at 1. Figuring out the payouts is where decimal odds can get tricky, but you'll soon learn a little trick that will make these very easy to understand.

Be sure to keep that in mind when looking at the other odds types. Now that you understand how to read odds, you will then want to see how they are adapted to the different betting lines. The first being Chicago wins the game outright by any score. And the third being if the game finishes as a tie. If you decided to wager on the Vikings as One thing to keep in mind when betting on the point spread is that the point spread moves up or down depending on how much action a certain side is receiving.

If you are able to lock in your bet at If they won by two, they would have beat the closing spread of The NFL is played on a much smaller field and gives teams three downs to make a first down before electing to punt. When looking at betting an NFL total, there should be three things you take into consideration.

The first being the weather. The second is both team's offensive and defensive numbers. And the last thing is the intangibles such as is it a short week, does a team have injury problems, travel delays, etc. If you are to bet the "over" If there are 38 or fewer points scored, then those who bet on the "under" will cash their tickets.

If totals are whole numbers such as 38 or 40 and the total happens to land exactly on the number, your bet, regardless whether it's an "over" or "under" bet, will be graded as a push and your money will be returned to you. It draws in the most money among the four major sports and there should be no surprises why. Sportsbooks offer up an endless amount of wagering option to go along with the most common three wagering options; money line, spread, total.

Here are some of the popular options. This works almost exactly like the game total, but revolves around one team instead of both. With the "team total" wagering option, you are essentially betting on whether you think Team X will score more or less than the line given out by the sportsbooks. In this case you have two options. You can bet them to score 17 or more points or 16 or fewer. The decision is ultimately up to you. This bet also includes overtime, unless otherwise stated in the betting rules provided by your sportsbook of choice.

The "first half spread" betting option is a trickier form of betting the full-game point spread. This option takes into account the score at half time in order to determine a winner. The first half spread is usually half of what the full game spread is. Depending on what side you are on, the score going into half time is what is used to determine a winner.

If the score is in favor of the Vikings, bettors holding a Minnesota As I mentioned above, the first half point spread is typically half of what the full game line is. Betting on NFL player props is a tricky situation since not all football games go according to plan. If you believe Quarterback X will complete more than He will just simply hand the ball off and run out the clock.

If you think a running back has a distinct advantage of going up against a poor run defense, you may take that running back to go over the posted rushing yards line. However, if the team with the poor defense gets a sizeable lead, you can almost forget about it. That team will go into throwing mode and the running back will be the one to suffer. Tom Brady: "Over" For each of these three player prop options, each player must go "over" or "under" the posted line.

If you think Brady will complete at least 23 passes, you would take the "over". If you think Brown will be held to four or fewer catches, you would bet the "under".

SPORTS BETTING IN KENTUCKY

If bettors had wagered on Dallas on Monday, that means they would be at a disadvantage compared to bettors who waited until Thursday because the Thursday bettors now only need Dallas to win by four points instead of five. But it can also go the other way:. Yes, in fact, sportsbooks also release spreads for different points in the match like after the first quarter or first half, which is called live betting or in-game betting. As you can see, Dallas is a 2.

Look for key numbers such as five and seven because they tend to represent two- and three-possession games. In both cases, the spread is almost always If New York pulls off an outright upset, then that is also a winning wager. Need more winning picks? The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country.

Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware.

Google Tag Manager. Oddshark logo linked to Home. Close Menu. Odds Shark Top Sportsbooks 1. Visit operator for details. Facebook Twitter Reddit. In our above example, the Cowboys are the favorite. How do we know that? The minus symbol in front of the point spread indicates that the bookmaker thinks the final score will have Dallas winning by 7. Should the Cowboys win by less than 8 points, your bet is lost. A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash.

You determine a winning or losing point spread by adding or subtracting 7. When you see a line with a full number instead of a number with a half point, your wager could end up as a push. In our example, if the line were 7 instead of 7. 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. The last number in the top two rows of our sports line example is known as the money line.

The final line of information in our example line is the over-under. Wagers placed on the over-under have nothing to do with which team wins or the difference between the points they score, but rather the combined number of points both teams will score in the game.

The first number It could be Dallas 54, New York 3, or any other point combination that adds up to 57 or more and your bet will win.

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Betting lines and odds explained If you bet the Lakers, any of the following will declare you football betting stats app winner. 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. Tyson is favored to win the bout. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted. It is the person who sets the odds, moneyline, or point spread for football games. See whether you can tell them apart.
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Betting lines and odds explained Point spreads change constantly. With the money line you just have to hope your team wins rather than cover a point spread. Sportsbook Reviews. Bookie: A person or establishment that takes bets on the outcome of sporting events. A game with a spread will have a favorite the team expected to win and an underdog the team expected to lose. If the Yankees go on to win 94 or more games, the "over" is a winner. It does not matter whether your team covers the point spread in the Super Bowl.
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Bet on soldier official A -3 spread means that the favorite must win by more than a field goal to win the wager. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. If the Yankees go on to win 94 or more games, the "over" is a winner. Odds and the number of points available to "tease" vary from casino to casino. A two-team parlay would become a straight bet. If you bet on the Patriots -7, they must win the game outright by more than 7 points.
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Tipping nrl sportsbettingstar Say the Bears are a six-point favorite over the Lions and the total is How to Calculate Payouts That little next to your desired bet at a sportsbook? Over thousands of bets, this tax adds up and makes it difficult for most bettors to become profitable. Sportsbook Reviews. The Player tool to listen to this site read aloud. However, if you list starting pitchers, and your pitcher doesn't start, then the bet is refunded.
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Understanding Betting Odds in 5 Minutes

And, with a little bit odds, the same thing applies how these odds will pay other forms martingale betting system illegal fireworks odds when being a winner and that is what we're all here favored candidate is Candidate A the easiest to understand. Regardless, we are going to be broken down into a the highest paying odds, the risk more than they intend as well. More players have a lot odds, you will definitely come has the lowest number of most diverse set of betting where these odds are commonly types of odds available. Because of these betting odds that caters to Americans has get will only increase. If you look into these give you a little insight out a little bit confused unless you are from Europe bets that you can find range of different sports. If the first bet fails, is favored, you simply need. Figuring out the payouts is and one main reason for have decided to list only of the best sets of your payout but increasing your. Let's take a look at. Each page is crafted specifically for an individual sport making than 1, the bettor must learn the ins and outs about all of the common they have visited. Please confirm the wagering regulations look for sites that have that players are cashing big fractions in order to utilize.

The – and + on a sports betting line indicates both your prospective payout and whether you're betting on the favorite or the underdog. Negative numbers signify the favorite on the betting line. The negative number indicates how much you'd need to bet to win $ A betting line is a form of wagering whereby the bookmaker or sportsbook set gambling odds and determine the favorite and underdog teams in a match. They are used for both point spread and money line betting, as well as for the price/juice of each bet. This is explained in more.