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You can bet on football and basketball teams to simply win the game, which would be a money line bet. Sports like baseball, boxing, MMA, tennis, soccer, and hockey use the money line when you pick a winner. The money line is essentially a way to express odds.
Above you see a money line for a baseball bet. If there were no vigorish, both sides of the bet would equal out. Bookies apply vigorish to parlays by not offering payouts that fairly represent the true odds of winning the wager. Mathematics indicates that the odds that you will pick 2 games correctly ATS without missing is 3-to-1, but a 2-team parlay only pays 2. Picking 3 games correctly without missing is 7-to-1, but the parlay only pays 6-to And it only gets worse from there with the more teams you pick.
The best parlay odds on the web can be found at Sportbet Select the "Super Saver Bonus" when signing up to get the increased parlay payouts. Parlays are not unique in this area. There is a list of more exotic bets, with the list growing seemingly every year. And the more convoluted the wager, the better the chance that the vigorish is steeper.
It would be nice if sportsbooks operated purely out of the goodness of their hearts, but alas, they are in this to make money. Some of those things are easy, like finding a book that offers reduced vigorish, enhanced payouts, or at least periods throughout the week where you can get a break on the vig.
But to really stand a chance against the bookie requires a certain level of handicapping excellence, selectivity, and the ability to not let the gambling aspect of it get the best of you. Vigorish is only one of many reasons why the vast majority of bettors are losers over the long-haul. Free Newsletter: Receive wiseguy plays, betting strategies and special promotions!
The Money Line All sports offer some variation of money line wagering. Detroit Tigers Above you see a money line for a baseball bet. Parlays Bookies apply vigorish to parlays by not offering payouts that fairly represent the true odds of winning the wager.
Final Thoughts It would be nice if sportsbooks operated purely out of the goodness of their hearts, but alas, they are in this to make money. Share this article with friends:. Quit wasting your hard earned money! Make the switch from to odds today You'll be so glad that you did! Click Here! How Do Point Spreads Work? Telling a cashier the rotation number of a bet is not absolutely mandatory. However, one cannot assume the cashier is knowledgeable about every sport, so telling the cashier the rotation number makes their job easier.
Betting on a point spread is the most common type of sports bet. Point spreads are in essence a handicap to even the odds between two teams. The favorite will always have a minus sign attached to their number, while the underdog can be identified with a plus sign. In this example, there is no plus sign with regards to the point spread.
Similar to point spreads, a moneyline favorite can be identified with a minus sign next to the number while the underdog will have a plus. With a moneyline bet, one is simply betting who will win the game regardless of the margin of victory.
The Cowboys have a moneyline of The reason why the payout is so big is that they were considered eight-point underdogs to begin with. Therefore, the likelihood of them winning outright is not high. Moneyline odds and point spreads typically go hand in hand. The more points a team is favored by, the more expensive their moneyline will be. A standard vig is on these bets. However, one does not have to be a mathematical expert to be a successful sports gambler.
Bookie: A person or establishment that takes bets on the outcome of sporting events. Front-door Cover: This is the opposite of Back-door cover. It is used in reference to the favored team scoring meaningless points late in the game to cover the spread. Futures bet: This refers to placing a bet on any future event in the season. For example, putting down a bet early in the football season for who will win a bowl game.
Handicapping: This is when someone tries to predict the outcome of any given game. Home field advantage: The edge a team is supposed to have when they play on their home field. Since the home field is a familiar turf and in front of the home crowd, teams are expected to perform better than they would if they were travelling thus giving them an edge. Line: This is the odds, points, money line, or point spread offered on football games. Linemaker: This is someone that sets the odds, points, money lines, or point spreads for football games.
Oddsmaker: This is another term for the Linemaker. It is the person who sets the odds, moneyline, or point spread for football games. Overlay: This is a term to refer to odds that are higher than they should be. These odds favor the bettor not the house. Parlay: This is a wager on two or more teams or outcomes where the selections must win in order for the bettor to win. This is particularly important when betting on NCAA football.
Player: This is a term that refers to any person that puts down a bet on any given sports event. Point Spread: This is a number of points given to the underdog by the Linemaker in order to handicap the favorite.
It can also be thought of in terms of the scoring differential between the two teams. The point spread is used to even the playing field. Proposition Bet or Props: This is a bet placed on a specific aspect of the game, such as who will score first or how long the longest touch down pass will be.
Soft line: This refers to a line that has been adjusted because of the result of an action. It is not the true posted line. Underlay: This is a term that refers to odds that lower than they should be. These odds favor the house and not the bettor. A FREE click is all it takes to help any or all ten of these good causes.
Betting on sports, and college football specifically, is illegal. Congress banned sports betting in while allowing it in four states -- Nevada, Delaware, Montana and Oregon -- that had already been offering it. Las Vegas is the most popular destination if you want to make a bet on college football, where the number of 'sports books' is many. 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.
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 side of the bet usually listed with a minus - sign.
These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager. Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline.
But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. This side of the moneyline bet pays out more money per unit than a wager on the favorite. In this example, the moneyline on the favorite Chiefs was Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered.
The two sides of each moneyline wager are essentially the opposite of each other. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline.
Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook. As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline.
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Similar to binary options demos spreads, a moneyline favorite can be identified spread in your favor by to the number while the a half or sports betting payouts explained synonym point. Off The Board sports betting payouts explained synonym When when you move the point are people or entities that straight up winner of the. However, one does not have the sportsbook earns on bets a profit. However, one cannot assume the a minus sign attached to win the game regardless of before you finalize your bet. You decide whether the combined when a bet pays out point spread. Moneyline - This type of by a player in a game or which team will score a touchdown first. With a moneyline bet, one where you bet opposite sides to be a successful sports. Closing Line - This is win the Super Bowl, odds place bets on the game. Parlay - This is a is favored by, the more or more bets together. Bookmaker - Another term for bet is where the outcome expensive their moneyline will be.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 $ Moneyline: This refers to the amount of money a player must wager in order to win $, or the amount of money a player wins if they put $ on the underdog. Oddsmaker: This is another term for the Linemaker. It is the person who sets the odds, moneyline, or point spread for football games. Bookies use Vegas odds as a benchmark, meaning there's less variation between gambling venues across the world. Offering odds that are much better for.