How To Read Lines And Odds
If they lose by exactly 7 points, the bet is considered a push and is canceled. The point spread is the projected number of points that separate two teams. A favorite “gives” points and is identified with a minus sign next to their point spread. The underdog “gets” points and is identified with a plus sign next to their point spread.
You may be asking yourself how the sportsbook makes their money here if they’re just taking the loser’s money to pay the winners. Well, if things were completely fair , they wouldn’t be +120 and -130. That difference there is the juice that the casino is taking off the top as their profit. In order to combat this, the sportsbook will adjust the amount that you get paid on a particular bet. If they need to get more money bet on a particular side, they will increase the payout for a win on that side of the bet and decrease the payout for a win on the other side of the bet. Before we get into value and the meat of this guide, we need to talk about how betting lines work.
Short for proposition bets, props can cover any element of a game or broadcast that doesn’t involve the point spread, over/under, or money line odds. Alternatively, laying $1 on Miami’s +135 money line will payout at $1.35 if they are victorious. When prospective gamblers ask the question “how does sports betting work,” they are usually inquiring about the meaning of the numbers and odds that are posted in each game. In the next few sections, we’ll slowly work through each aspect of a common sports betting line. Regardless of payout, the main goal for ANY moneyline bet is to win. Making the correct call is the bottom line, so your choices should revolve around which side you think has the greater chance to win.
As is the case with winning, a loss on the scoreboard is a loss on a moneyline bet. Whereas a bettor could win a point spread bet if a losing team covered, moneyline odds are only concerned with the final score. If you decide to bet Duke, who is listed as the favorite, which has a higher implied probability of winning the game according to the bookmaker, one would need to bet $760 to win $100.
The Bruins are dogs – if you bet $100 on them you stand to win $125. First, we’ll think about how the line movement affects our bets when we already know who we want to bet on. If you are sure which side you want to back, all you need to worry about is getting the best price or point spread. There are lots of different sports betting strategies that let you leverage your knowledge of line movement. The most common reason for line movement is that the vast majority of public bettors are betting in one direction.
The three main types of betting odds are fractional odds, decimal odds, and American odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance of an event occurring can be converted and presented in any of the aforementioned types of odds. These lines work exactly the same way as a point spread, but they usually have adjusted juice rather than the standard -110 juice attached to most football and basketball point spreads. Like juice, money line odds are based on $100 wagers and win amounts, but bettors aren’t required to bet in $100 increments. In this example, a winning $230 Seahawks money line bet would profit $100 which means $23 would profit $10; $46 would profit $20; $2,300 would profit $1,000; etc.