Basketball Betting & Bet Types
The How To Bet On Sports For Beginners Buffalo Bills were a -13.5 favorite over the New York Jets in Week 10 of the 2021 NFL season. Bettors wagering on the Bills needed them to win by 14 or more points to win their bets. Jets bettors needed New York to lose by under 13 points, or win the game.
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The books also make money in the long run on parlays because they never pay close to the true odds. That’s a bargain compared to the much-lower odds we see the further we go down the chart. Decimal odds are widely used around Europe and are the display format of choice for the betting exchanges around the world. The odds that are presented illustrate the return that you will receive if your bet is successful, to a unit stake of 1. Therefore, if the decimal odds on a football team are 4.50, and you stake £10, the return if the bet goes in would be £45 and the profit would be £35 (4.5 – 1, multiplied by stake). Money line betting is essentially the same as a straight bet, but without the use of a point spread.
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Money-line markets feature NFL game odds where one team is favored (represented with the “minus” sign) and the other team is the underdog (represented by the “plus” sign). Bookies set the value of money-line odds for each team based on a number of variables. And a money-line wager is one that a bettor places on either the favorite or the underdog to win straight up. Below we roundup the common betting types available across the board at most sports betting shops. These include money-line, point spread, totals, futures and prop bets.
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In order to calculate the potential return from your Money Line bet, simply multiply your stake by the decimal odds of the option you are betting on. The Ravens are considered heavy favorites in this matchup (indicated by -185), requiring a $185 bet to win $100 . The Panthers are the underdog in this matchup, paying out $410 total for a $100 bet ($310 in winnings). How much either team wins or loses by does not matter in moneyline betting, the payout remains the same. With live betting, you can bet spreads, totals, money lines, props, and more. All of those lines will be adjusted based on the game play.
A minus sign (-) indicates how much bettors must wager to win a profit of $100. A plus sign (+) indicates how much a bettor will profit on a wager of $100. Money lines are the primary bet type for relatively low scoring team sports like baseball and hockey, and for head-to-head individual sports like MMA and tennis. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy.
The negative and positive sign have more implications than simply indicating which betting option is more likely to win. The only exception is when both betting options are very close, and both have negative odds; in this case, the favorite has the number deeper within the negatives. If both odds are the same it means the sportsbook thinks both teams are evenly matched. Moneyline odds are expressed in the hundreds and always have a “+” or “-” in front of them.
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In this way, even non-bettors can gain valuable information about event probabilities by tracking the betting market. Many fans would likely find it interesting to know their team had, say, a 20% chance to pull an upset over a favored team. Moneylines at a sportsbook represent more than just betting opportunities. They represent the current market expectation of an event such as San Francisco defeating Detroit in Week 1 of the NFL season. While a moneyline bet remains the simplest sort of wager in theory, there are still some intricacies involved. Read on to learn about moneyline wagering – what it is, how it works and so forth.
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This section also includes each team’s odds to win the American League and National League Pennants. Puck Line, Run Line, and Goal Line bets are considered secondary to moneyline bets. These lines often take longer to post than game moneylines.