Money Line Betting
In fact, it believes home field completely negates the Browns’ talent advantage. The Browns enter 2021 off a breakthrough season in which they won a playoff game in Pittsburgh. They return all of their core pieces with most of them at an age when they should be improving rather than declining. Now that we know how the point spread works and what it is, let’s take a look at some examples of different spreads available for the 2021 NFL season.
“What does 10 to 10 odds mean?” Here we will tell you what 10 to 10 odds mean, what 10 to 10 probability means, and show you what a 10 to 10 odds payout would be. Therefore your profit, or “to win” amount, would be $12.50 ($22.50 return – $10 wager). Meaning if the odds of a bet were -150, you would need to bet $150 to win $100. In the United States, it is standard to use the American odds format (shocking!). Each bet will always have a plus (+) or minus (-) in front of a number greater than 100. If it’s a minus (-105, -210, -350), you will have to bet more than $100 to win a $100 payout.
The simplest way to think about a moneyline is to consider a base bet of $100. A moneyline is a number larger than 100, and it is either positive or negative. A line with a positive number means that the team is the underdog.
It is worth a look to scan the various betting lines when you intend to bet on a big game, that is why WSN will always list the odds from several sportsbooks for each event. You can check out the different sportsbooks and compare them here. -110 is also the most common odds you’ll see on most point spread lines and Over/Under lines. In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite. Since both numbers behind the plus and minus signs were close to 100, you could tell that both teams were a close match for each other.
The casino may choose to do this to encourage more betting for a certain team or point total. Moneyline bets are the ones that can sometimes see huge paydays for underdogs or safe returns for massive favorites. If the number is +150, a $100 bet will win you $150 in profit. The minus and plus signs are really important to pay attention to. Along with the number, they tell you tons of information about the bet and the match.
Things like this happen because a sportsbook wants to reduce risk to guarantee a profit. When incoming betting shows an imbalance of public opinion the casino will do whatever they can to tip the scales back to even avoid a potentially big loss. If you do your homework and search across casinos you can find sportsbooks offering what are called ‘reduced juice’ or ‘nickel lines’. These are lines that the sportsbook will move to a lower “price” of -105.
You must pay a small fee no matter which side you take, which leads us to juice – or vig. If the game lands exactly on the spread – for example, if KC had won the Super Bowl by 3 – then spread bets will “push.” A push means the book returns everyone’s stake. In this space, we’ll cover what the point spread is, how it works and other minutiae surrounding the most popular form of sports betting. Illinois passed sports betting legislature June 2019 and launched at physical sportsbooks March 2020, becoming the 15th state to offer wagering. Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later.
This is a common outcome with NBA point spreads and NFL point spreads. Whenever a sports event, game, or match ends in a draw, and a spread was involved, the outcome is known as a Push. It is a reference to even money bets in point spread betting. In this case, there is no favorite, and there is no underdog.
When you bet on the favorite you get worse payout odds on your bet since they’re more likely to win. In this example, the Los Angeles Lakers are the favorite, while the Warriors are the underdog. Now, if we want to calculate our winnings, let’s use the assumption that our bet is 100 dollars.