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. For instance, in our previous example, the Bears would go from laying six points to simply needing to win if you put them on a teaser bet.
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.
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 The concept is straightforward but throwing in an example never hurt. Almost every single sport available for wagering will have a posted total that you can choose to bet on. To keep it simple, I will use the Chiefs and Chargers example to explain each of these options.
If you are playing team totals, the Chiefs may have a team total of There are also individual performance totals available, such as the number of yards thrown by a certain quarterback or the number of rushing yards by a specific running back. Just like any betting option, you will come across a totals opportunity every once in a while, that is just screaming out at you to bet it. These are the opportunities that you need to capitalize on in o rder to be a successful handicapper over an extended period of time.
Betting strategies surrounding the total often time revolve around the weather in a particular matchup.
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You can then use that number to shop totals at various sportsbooks. For example, a sports betting site might list the Steelers vs. If a game goes into overtime, any points scored during OT are included in the total. That can only be good news if you bet the over. Suppose the 4th quarter ends as follows:.
Given the tie, both teams will face off in sudden death overtime. The first team to score wins. Overtime is bad news for you. Any points scored during sudden death will push the cumulative score currently 40 above In that case, overtime is great news for you.
Any scoring event will cause the cumulative score to exceed Bottom line: points scored during overtime count. No one can make that promise. Different sports betting sites often carry different totals. That often stems from the level of action on both sides of the bet. Remember, the totals are sometimes adjusted when the two sides fall out of balance. It pays to check several sites before deciding where to place your bet. But there are times when the numbers chosen by bookmakers vary from those forecasted by Vegas.
Trust the oddsmakers in Vegas. They lose big when they give bad odds! Recall from earlier that bookmakers prefer an even number of bettors on both sides of a total. But that rarely happens naturally. In most cases, the sides become lopsided as bets are placed.
For example, if a bookmaker lowers the total to draw more people to the over side of the bet, consider taking advantage of the improved odds. Reviewing seasonal performance is important because it indicates a trend. Some teams are more aggressive than others. They want to win by a huge margin. These teams usually have great passing games as they attempt to log TD after TD. Other teams are more conservative. They want to win without taking unnecessary risks.
Oftentimes, this means they forego high risk scoring opportunities for a more moderate approach. Visit a few of the top-rated sportsbooks on this list. Choose the best ones in light of the totals predicted by Vegas oddsmakers. Then, put a little cash at risk and enjoy watching the games. Updated for ! How to Bet on Virtual Sports in Top Recommended Sites - While looking for things to wager on in the end of and moving into , due to a Top 7 Bitcoin Wallets For Sportsbook Gambling - Edition - With the hype train not derailing anytime soon for bitcoin, you're probably pretty Home Tutorials Current Page One of the most popular types of wagers you can make in football is betting on totals — the over or under.
You can place them at all of the top online sportsbooks: my reviews — Bovada — Bet Online — Bet not open to U. That alone appeals to a lot of sports bettors. We'll be providing game-by-game picks throughout baseball's championship series, and here we'll go over all the key terms you need to know to place a legal, online MLB bet. Also see: Los Angeles Dodgers vs. Indianapolis Colts' betting results The Colts went straight up last season, winning just seven games outright on the moneyline.
They were against the We'll also break down how to read odds in search of value on the betting odds and lines, and discuss the advantages of mobile betting when looking Please enter an email address. Something went wrong. Related Betting What is a money line bet in sports betting? Alabama vs. Ohio State: How to bet on the National Championship game. Tennessee legal sports betting: How to bet on the Tennessee Titans for beginner bettors.
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