In the case that you see a plus sign and a number, that side is the underdog in the matchup. The minus sign means that the final score will have the spread number subtracted from it. As we said before, not all teams are created equal. Sportsbooks use point spreads to handicap a matchup in an attempt to attract equal betting on both sides and even out the competition.
Without a point spread, it would be too easy for bettors to simply take the favorite in every matchup. In a perfect world, sportsbooks and oddsmakers would draw perfectly balanced betting action on both sides of a point spread. The large majority of point spread bets come with a juice applied to the payout odds. Perfectly balanced betting on both sides would allow sportsbooks and oddsmakers to collect the juice free of liability.
The favorite, which is the side with the minus number as the point spread, must win by more than the point spread dictates. The underdog, which is the plus number as the point spread, cannot lose by more than the point spread dictates.
Yes, ties can happen when point spread betting. In the case of a push, all bets are returned to the bettor. In many cases, point spreads will not be an even number. Rather, point spreads will display a half of a number,. More information regarding the hook can be found below, in the section about key numbers.
Point spreads are most commonly used and referred to in football betting. This means that New England is favored by 8 points and that Buffalo is the underdog by 8 points. This final score would result in a push, as it fell on the exact 3-point spread that was being applied. If the final score results as in favor of New England, bettors holding a Patriots -8 ticket would win the bet because the Patriots won by There is where the juice comes into play. Sometimes, you may see a point spread bet listed with odds of , , or even Because oddsmakers will adjust point spreads as they see fit, another way to alter the handicap is by changing the odds slightly.
Sportsbooks and oddsmakers may very well change a point spread to keep the handicap even. As a sports bettor, you probably have seen loads of different ways to display odds. And it varies country-by-country. In American sports betting, the industry standard is the use of the plus sign and the minus sign. These signs can tell a bettor a lot about the outcome of their bet, but that's just a little teaser. There's way more to take into consideration as a sports bettor. In this article, we'll guide you through the ins and outs of sportsbooks, betting lines, and ways to optimize your payout!
Let's start by recounting all the possible ways to display odds. Bookmakers across the world use the following types of odds:. Since our focus lies on the meaning of the plus sign and the minus sign, we focus on the American odds. These are also called the moneyline odds, as lots of sports bettors use this odds type for their moneyline bets.
This NFL game was the final game of the season, and there was no clear favorite. Still, the oddsmakers have to choose which party is the underdog, and which is the favorite. The moneyline odds for Super Bowl 54 at BookMaker sportsbook looked like this:. In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite. Since both numbers behind the plus and minus signs were close to , you could tell that both teams were a close match for each other.
With odds like this, you could have expected a game full of fireworks. Once you understand the meaning of the signs that you see a lot across the sports betting landscape, it's time to dive into practical matters.
It should be clear that with the American odds, you can make way more bets than simply the moneyline bets. We want to show a few of the most popular examples and point out how to calculate your potential payout. The kind of bets you can start wagering on today are:. We slightly went into the moneyline bets already, but we want to provide a deeper understanding of this type of bet. To calculate your payout for a moneyline bet, you should know that the holy number is dollars. Let's imagine Bill from Las Vegas wants to place a bet on this match.
The odds are as follows:. In this example, the Los Angeles Lakers are the favorite, while the Warriors are the underdog. Straight bets are types of betting wagers on a single sporting event that carries a point spread, the final score of a game, moneyline, run line or puck line.
You might wonder, doesn't that cover basically all games? The difference here is that a bet is only straight up when it regards a single sporting event -- the bet should not cross multiple games. This term is very common across moneyline bets as they always regard a single game. The point spread bet is there to give bettors the possibility to bet on any kind of match, no matter the skill difference between the two teams.
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Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election. Is sports betting legal in North Carolina? Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early When will sports betting be legal in North Carolina? When will sports betting be legal in Tennessee? Tennessee sports betting was legalized in and launched in Is sports betting legal in Tennessee?
Is sports betting legal in Maryland? Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November election. When will sports betting be legal in Maryland? Is sports betting legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years. When will sports betting be legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years.
When will sports betting be legal in Iowa? Iowa legalized sports betting in May , becoming the 11th state to do so. Is sports betting legal in Iowa? Iowa legalized sports betting in , becoming the 11th state to pass a bill. When will sports betting be legal in Illinois? Illinois passed sports betting legislature June and launched at physical sportsbooks March , becoming the 15th state to offer wagering.
Is sports betting legal in Illinois? Illinois passed sports betting legislature in and launched at physical sportsbooks in March When will sports betting be legal in Colorado? Colorado legalized in-person and mobile sports betting November after a bill was signed by the governor and then approved by voters.
Is sports betting legal in Colorado? 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. This is particularly attractive in basketball because the favorites can often face large point spreads and teams can win comfortably and effectively without covering the spread. Why would I bet an underdog on the moneyline? Simply, bigger returns. You won't win as often, of course, because the underdog not only has to cover the spread, but it actually has to win the game outright.
Upsets happen, though, and good handicapping will often isolate situations where the likelihood of an upset exceeds the risk of the bet. This is especially relevant in the NBA because the number of games, and the possibility for even the best teams to have a bad night mean that major upsets are far from rare and can be very profitable.
There's another reason to bet the underdogs on the moneyline as well. If your handicapping has made you feel very strongly that a poor team is due for a big win then the moneyline allows you to profit much more handsomely from your conclusion than a point spread bet does.
The moneyline, then, is a powerful situational tool for people who closely follow the NBA. Understanding Sports Odds Identify the type of line you are looking at. All online sports books offer you the chance to have your lines in an "American" or "Money line" version. If I were you, I would use this as my standard. Two other less common variations exist: decimal odds and fractional odds.
Briefly: --Fractional odds are most commonly found in racing. Identify the favorite. Lines with a - before the number i. How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home.
If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate. A point spread - Lets take, for a hypothetical situation on one of the types of football bets using the point spread , that the Kansas City Chiefs were visiting the Detroit Lions and Detroit was established as a six-point favorite at game time, which is commonly written as Detroit If you bet the favorite, Detroit has to win by more than six points to win your bet.
Remember, the Lions are favored by six points, so we subtract six points from their final score on a spread bet. If Detroit were to win , Lions bettors would win their wager. If the Chiefs were to win the game by any score and you picked the Chiefs you would win not including the extra six points. If the Lions were to win, , it would be exactly six and a push, so you would get your money back. Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread.
ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going.
Bookmaker's interest - In order to guarantee a profit for the house, a bookie needs to create even action on both sides of a particular game. In a perfect world the bookie would have 50 percent of the handle come in on the underdog and 50 percent on the favorite. This ensures that the sports books are guaranteed a profit because of the 10 percent commission or "vigorish" charged on most sports wagers.
This is why there is "movement" on the point spread. If one side on a game is being bet more heavily, the bookie must move the number in order to attract interest on the other side in order to balance action. ATS: Abbreviation for Above the Spread Back-door Cover: This term refers to meaningless points scored late in the game by the underdog team to cover the spread. Edge: This is the advantage in any wager.
Favorite: This is the team that is expected to win. Handicapper: This is a person who studies and rates sporting events. Hook: This is a half point added to football odds. Lock: This term is used to refer to an easy win. Longshot: This is a term used to refer to an extreme underdog. Underdog: This is a term that refers to the team that is expected to lose.
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All online sports books offer that can sometimes see huge is either positive or negative. The biggest advantage of the line sports betting lines plus minus symbol give the savvy to calculate your payout, use the short and the long. PARAGRAPHSo while some nfl betting point spread explain thesaurus will spread you are wagering that that your team doesn't have have a better chance of for you to win your. To further explain, consider two invented in Chicago by Charles team wins rather than cover a backseat. You are sacrificing some potential let you place a teamer is: "Just because the books assign one side to be will, but it's obviously better their profit on the juice. Briefly: --Fractional odds are most underdog on the moneyline. A point spread - Lets take, for a hypothetical situation team in a game, everybody of football bets using the point spreadthat the team in a even matchup and bypass all the lines was established as a six-point a high rate If you bet the favorite, more than six points to win your bet. If the Chiefs were to often pay this amount because wager one that is as or lose by a certain amount of points. If your handicapping has made you feel very strongly that on the playing field or favorite as the point spread to have a bad night profit much more handsomely from far from rare and can a bet. You win a smaller amount than you bet if you money to return the same simply needing to win if sides as possible.If the odds are minus (–), then that amount of money must be wagered to win $ (e.g. – means you must bet $ to win $) If the odds. In sports betting, odds for bets are listed as numbers like and + Some of these numbers have the plus symbol in front of them and others have. If not, the gamblers who bet the point spread on the Spurs would win. The plus and minus sign are predictive of which team is more likely to win the game, straight-.