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With sports betting now legal in many states , millions of sports fans will be looking to enter the betting market for the first time. When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog. The favorite is the team that is expected to win the game and will get a minus sign next to its odds, while the underdog is expected to lose and gets a plus sign. There are two main ways to bet on a favorite or an underdog.
The first is the point spread , which is a bet on the margin of victory. If you bet on the Patriots, they need to win the game by 8 points or more for you to win your bet. Spreads are available for all sports, but they are predominantly used when betting on higher-scoring sports like football and basketball. The second way to bet on a favorite or an underdog is on the moneyline. This is based solely on which team will win the game. Because underdogs are expected to lose, there is more of a reward when betting on them.
Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer. In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. You could either bet the Over or the Under If you bet the Over and the total points scored end up being or higher, you win your bet.
If the total points scored are or fewer, you lose. The juice is the commission you have to pay to the sportsbook for them to accept your wager. With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of.
To see if sports betting is legal where you live, check out our state-by-state tracker. Some of the biggest states that have legalized mobile wagering include Colorado , New Jersey , Pennsylvania , Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online.
Click to return to table of contents. In the end, you have the final say on how much to risk on a game, but a good rule is risk only what you can afford to lose. Sports betting is a marathon, not a sprint. There will be good days and bad days. As a result, we recommend a flat-betting approach. This form of betting odds focuses just on who will be the outright winner. The first thing to take notice of is the plus and minus sign in front of the number.
The team with a plus sign in front of the odds is the underdog—in this case, Team B. Because of this fact, they can potentially earn a higher payout if they win. The number in the odds means something slightly different depending on whether it has a positive or negative sign in front of it. A minus sign at the beginning of odds means the team is favored to win. The difference is that in addition to predicting who will win the game, the point spread includes a margin of victory.
In certain cases—such as in college basketball and college football—there is a huge discrepancy in talent between the two teams playing. In those cases, betting the moneyline is too obvious, because it is clear that one team will beat the other. For example, imagine that two teams, Team A and Team B, are facing each other. Team A may have odds of In this case, Team B is favored to win.
Just like in the moneyline bet, the negative sign before the number indicates who is expected to win. The number represents the expected margin of victory. That means they need to win the game by 23 points or more. If you bet on Team A, that means they can lose by 22 points or less, or win the game, and you still win your bet.
If, during the actual game, the margin of victory lands exactly on the spread, it is called a push or a tie, and no one wins the bet. Point spreads will also have moneyline odds attached. Just like in a moneyline bet, this number indicates what the payout will be in the case of a win. For example, the spread and odds for Team B might be This means that Team B is favored to win by more than That means that you are looking at whether the combined score of both sides will go over or under a set number.
For example, the sportsbook might set the total at 66 for a college football game. This means that they predict that the two teams will score a combined total of 66 points. You will then place a wager on whether the actual combined score will be over or under that amount. If you think that one or both teams has a particularly strong offense and it will be a high-scoring affair, you would bet over.
If you think it will be a defensive struggle, ending in very low scores on both or either side, then you would bet under. If the final score is something like , then the combined score would be 84, meaning the game is an over.
If the final score is something like , making the combined score 65, then it is an under. Sometimes, the combined scores will land right on the total. In our example, if the score ended up being something like , then the combined score would be 66, exactly the predicted total.
This situation is called a push or a tie. In these cases, no one wins the bet, and you would simply get your money back. To avoid these situations, sportsbooks will often set the total at a half number, like This way, if the final combined score was 66, it would be an under, and a 67 would be an over.
While moneylines, point spreads, and totals generally focus on the short term and specific matches, futures are long-term betting odds. They focus on events that will happen further down the line—in the future.
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