By Dan Kilbridge May 28th, 10 mins. Wagering requirements must be met by betting on In-Play and Pre-match sportsbook markets. To activate this bonus, enter the bonus code TONY50 when depositing and wager your deposit 10 times on betting markets with odds of at least 1. Only the bets which do not exceed the original deposit amount will be included in the turnover requirements. Point spreads and moneyline bets are about who wins the game and by how many points.
The winning team is irrelevant. All that matters is the combined final score. You can then bet whether the combined point total between the two teams will be more or less than If you think it will be a high-scoring game , you would bet the Over. The Over bet would win in both scenarios because both total scores are higher than Bettors then wager on more than 45 combined total points or less than 45 combined total points between the two teams.
That would look something like this:. NBA bettors then wager if the Rockets and Clippers will score more or less than points combined. NHL bettors then choose if the Penguins and Wild will combine to score more or less than 5.
Whether the Penguins win or the Wild win , the Under would still be a winning bet in both cases. MLB totals can change drastically from day-to-day, even if the same two teams are playing. The Cubs-Yankees total above might be UFC title fights like this one above consist of five rounds lasting five minutes each. Betting Under 1. If the fight continues past the mark of Round 2, the Over bet wins.
But if that total were 49 instead of There is no winning bet, and all wagers are refunded to bettors no matter whether they took the Over or the Under. NBA, college basketball and college football are especially ripe with these types of results. Under bets that look fantastic in the third quarter can get crushed thanks to the extra time, while Over bets can gain new life on a fourth-quarter buzzer-beater to tie the game.
College football is even more drastic, with teams trading possessions from the 25 yard-line. This can pad the score of an otherwise defensive game in a hurry. NHL has sudden-death overtime, which means the game ends as soon as either team scores.
Exactly one goal will be added to the total in some fashion. If the game is tied at the end of regulation, the bet is a loser regardless because we already know exactly one goal will be added in overtime to bring the total to 7. Our free parlay calculator can help you instantly figure out odds and potential payouts for parlays. Bookmakers consider many different aspects of each event, including current trends, specific in-game matchups, injury histories and weather conditions.
That said, if you're planning to visit a state where gambling is legal, and intend to bet, you should at least be armed with some information. First, however, a word of caution: Sports betting can be a fun and profitable venture. However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control.
If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms. Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively.
Say the Bears are a six-point favorite over the Lions and the total is 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.
Money line bet - If you are not interested in betting the point spread - although you should be, because it presents the best long-term value - another option available is the money line, in which you lay or take odds relative to the dollar with respect to your team winning or losing. If you like favorites, you're going to be betting a lot to win a little.
The money line will always be listed to the right of the point spread on the odds board in a sports book. 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. This is how the sportsbooks make a lot of their money.
For instance, let's say you want to bet a two-team parlay. However, the sportsbook is only going to pay you 2. 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 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. Teaser bets - The teaser is so named because it, too, looks tempting, but if you allow yourself to get too seduced, you'll usually end up on the losing end. The teaser bet gives or takes away extra points from the team you back.
However, there are some good values with teaser bets if you know how and where to find them. For instance, the six-point teaser is an especially effective bet in the NFL, where most games are tightly contested and six points can make a world of difference.
Source: Doc's Sports Service When you bet on the money line , you are betting on one side to simply win. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you.
When the point spread was invented in Chicago by Charles McNeil the money line took a backseat. In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. Money line bets tend to be even more popular with underdogs. A nice profit can be made if a touchdown or more underdog pulls off an outright win. When betting with a point spread you are wagering that a particular team will win or lose by a certain amount of points.
This pays out even-money minus the vigorish, or bookmakers take, which we will later explain further. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back. These are examples of 'side' betting with a point spread. There are also 'total' wagers that refer to the total amount of points scored by both teams. 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. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig. Identify the favorite : Lines with a - before the number i. That does not mean you have to bet that much, it's just easiest to understand! The most important thing you can teach yourself early on is: "Just because the books assign one side to be the favorite even large, or , favorites , does not mean that they will win.
Money line odds - These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than , and they can be either a positive or negative number. Each one is a little bit different. Just what is a moneyline? Essentially, a moneyline bet is a bet on which team is going to win the game.
There is no point spread or other handicap for either team, so if you pick a team and it scores more points than the other team then you win. Obviously there has to be a catch, though, or the bet would be way too simple. The sportsbooks balance their risk by setting different prices on each team. You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog.
The stronger the favorite the less you will win, and vice versa. How do you read a moneyline? A moneyline is a number larger than , and it is either positive or negative. A line with a positive number means that the team is the underdog. In most cases, the favorite will be the team with a negative moneyline in some cases both teams can have a negative moneyline if they are both closely matched.
A team with a moneyline of wouldn't be favored nearly as strongly as a team with a moneyline of Why would I bet a favorite on the moneyline? The biggest advantage of the moneyline for the NBA is that your team doesn't have to overcome the point spread for you to win your game. If your handicapping leads you to believe that one team is likely to win but you can be less certain that they will win by as much as the point spread then the moneyline may be attractive.
You are sacrificing some potential return because the moneyline won't pay as much for the favorite as the point spread will, but it's obviously better to make a small profit than it is to lose a bet.
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Unlike a teaser which awards a bettor 4 points, the reverse teaser subtracts 7 points from the spread in exchange for a bigger payoff. Rebecca thinks Clemson is going to cruise against Mississippi State, so she sacrifices giving up 5. A parlay wager is similar to a teaser in that a bettor has to bet on at least two separate odds, but is not awarded six points to either add or subtract from the point spread or total.
As with a teaser, the two separate odds can either be two teams, two totals, or a combination of the two. Both bets must be won in order for the bettor to make a profit. In another example, Rob likes Georgetown and the over in its game with Maryland. While a teaser bet is more attractive to a bettor because he or she gets to add or subtract 6 points from the point spread, a winning parlay pays more. A future bet is made before the end of the regular season or playoffs, and consists of a bettor wagering on the odds of a team winning their conference or the March Madness tournament.
The more likely the chance of a team winning the March Madness or its conference, the worse the payout is for the bettor. Conversely, if the team is a long shot to win March Madness or its conference, then the bigger the payout is for the bettor.
Ann wants to bet on North Carolina to win the March Madness tournament. Prop bets are similar to future bets, but instead of wagering on the future of a team, the wager is made on individual players or game scenarios.
Sports books will describe a scenario and place odds on that scenario actually happening. Karen believes Bryant will score 70 points in a game this season. A Round Robin wager is a way to make multiple parlay bets. A three-team Round Robin consists of one three-team parlay and two, two-team parlays.
Are you new to Sports Betting? If you are or, if you just want to try betting an unfamiliar sport, here are some guides to help you out! Single Bet or Side The single bet option is done with a point spread.
Example: Boston —7. Money Line In a money line wager, the better is only concerned with who he or she thinks will win the game. Teaser A teaser gives the bettor an opportunity to add or subtract 4 points from the point spread or total. Reverse Teaser Unlike a teaser which awards a bettor 4 points, the reverse teaser subtracts 7 points from the spread in exchange for a bigger payoff.
Example: Mississippi State —2. Parlay A parlay wager is similar to a teaser in that a bettor has to bet on at least two separate odds, but is not awarded six points to either add or subtract from the point spread or total. Why a Parlay Over a Teaser? Futures A future bet is made before the end of the regular season or playoffs, and consists of a bettor wagering on the odds of a team winning their conference or the March Madness tournament. Get help. The Midfield. When a team has a point spread with a minus sign - , it indicates that the team must win the game by a greater number of points than what is indicated in the spread.
Back to back games, travel and rest off — Regardless of how good a team is, if they are playing back to back or back to back to back games, they will be tired. Likewise if a team is on a road trip, they will be tired. Take advantage of the fresher team. If a team has rested for a couple of days, they should have a lot of energy and be itching to play. Keep an eye on their history over these phases though, as some teams perform poorly following multiple rest days, and likewise some teams play great back to back.
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This situation is commonly referred to as covering the spread. However, covering the spread is not the only outcome that can happen in these games. In that case, the bet would be graded as a push. When that happens, wagers on both sides of that point spread would be refunded. Some bookmakers only offer spread like that to avoid getting a push outcome. Keep in mind that the NBA is not the only place where spread betting can be used.
However, spread betting can be used on other sports as well. You can learn more about basketball right HERE. In baseball, betting on the point spread is often referred to as betting on the run line. The point spread is a betting line that balances the line between two uneven teams. Bettors can then can wager on either side while enjoying reasonable value on their bets. For example, lets imagine that the Tigers are playing against the Mets.
In this case the Detroit Tigers are the favorites. The New York Mets, on the other hand, are the underdogs. If we imagine all of that, the run line might look like this:. Because the Tigers are the better team and tend to crush teams like the New York Mets, they are favored to win the game. For a bet on the favorite, in this case the Tigers, to win, the team must win by at least the number after the hyphen. In this case, bettors on the Tigers would win their point spread bets if the Tigers win by at least two, for example To get a winning bet, the Mets have to win the game.
Additionally, if they lose by less than the spread, the bet is also won. It is mandatory to procure user consent prior to running these cookies on your website. Sign in. Log into your account. Forgot your password? Password recovery. Recover your password. Get help. The Midfield. When a team has a point spread with a minus sign - , it indicates that the team must win the game by a greater number of points than what is indicated in the spread.
Back to back games, travel and rest off — Regardless of how good a team is, if they are playing back to back or back to back to back games, they will be tired. Likewise if a team is on a road trip, they will be tired. Take advantage of the fresher team.
If a team has rested for a couple of days, they should have a lot of energy and be itching to play. Keep an eye on their history over these phases though, as some teams perform poorly following multiple rest days, and likewise some teams play great back to back. What if the spread matches the result? The bookmaker will list the spread as either a solid number, or to a decimal point.
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For example, the Milwaukee Bucks might be a moneyline favorite over the Atlanta Hawks. On the same night, the Detroit Pistons might be favorites over the Cleveland Cavaliers. Like the NBA, with multiple games on most days and nights throughout the season, MLB parlays are quite popular as well. The world keeps turning and the sportsbooks stay profitable. You normally have to put some pretty big bets down to make big favorites worth your time.
However, you can make a profit with a smaller stake if you put two favorites together as a part of a parlay. This is a great way to bet the no such thing as a sure thing and get a decent return while risking a little less than you might normally have to.
Sizing down may be the prudent play. This means locking up some guaranteed winnings or at least your original stake by playing a little defense, betting against yourself, and taking out somewhat of an insurance policy. Betting parlays is still about finding the best value bets on the board.
The big difference is you have to combine several bets. Look for bets that offer value and combine them. Parlays will continue to be among the most profitable bets for sportsbooks and sports bettors will remain attracted to the big payouts they often offer. It will be among the most popular types of sports betting in Michigan even as the market grows and matures Michigan sportsbooks will make money off parlay betting and the odd story about a massive parlay win will only add to sports betting allure here in the state.
People will pay more attention to the big payday than the big picture. However, there will be profitable parlay betting as well. Expert handicappers will combine favorites, size down bets, look for hedging opportunities, and bet multi-sport parlays with a limited number of legs, eking out small gains. As long as there is sports betting in Michigan there will be parlay betting in Michigan and everyone will love it.
What Is A Parlay Bet? Parlay betting explained A parlay bet essentially combines two or more bets into one wager. In other words, if one bet loses, the entire parlay loses. Are parlay bets legal in Michigan? Parlay odds Calculating parlay odds can be difficult because different sportsbooks employ different formulas, and the types of bets can vary so greatly. How to make parlay bets Betting parlays is easy with online and sports betting apps and self-service betting kiosks at Michigan retail sportsbooks.
Most popular parlays You can combine all kinds of standard bets into a parlay at Michigan sportsbooks. These five parlay betting tips may help set you on that path: Combine favorites You normally have to put some pretty big bets down to make big favorites worth your time.
Multi-sport parlays Betting parlays is still about finding the best value bets on the board. The public is out there betting on the best-looking teams and who should beat who based on past wins and losses — and they are losers. Bet within your bankroll. This is what kills most players. Investment in Sports.
Sports betting is exciting, fun, entertaining and a great way to make some extra cash. However, it can be a little intimidating for beginners. Sports betting can be a simple way to make a little extra cash on the side. Millions of people all over America participate in sports betting. Beating the sports betting number is the most challenging task that most bettors wanted to learn.
They believe that beating the number can boost their win percentage, giving them better chances for winning. Have you heard about arbitrage sports betting? Well, this is actually an unknown technique of betting on sports that generated guaranteed profits regardless of the outcome of the sporting event. Who will win the game? Win Or Lose Sports Betting. Basketball Party. Basketball Games For Kids. Sports Betting. Sports Today. Nfl Betting Horse Racing Tips.