How To Read Betting Odds
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. 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. In a perfect world, sportsbooks and oddsmakers would draw perfectly balanced betting action on both sides of a point spread. This alleviates a sportsbook’s or oddsmaker’s need for one side to win. The large majority of point spread bets come with a juice applied to the payout odds.
However, if he had made that $110 bet through a bookmaker he would have only won $100 because of the vig. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig. Understand that fractions greater than one mean a team is an underdog. In this example, a bet on Oklahoma City requires them to win by 5 points in order for you to win the point spread bet. If the final score is for Oklahoma City, then they win by 6 points. This is greater than 5 point spread on this basketball selection, indicating that your $110 bet will win $100 profit on Oklahoma City.
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TheSportsGeek.com is not an online gambling operator, or a gambling site of any kind. We are simply here to provide information about sports betting for entertainment purposes. It is your responsibility to verify such matters and to know and follow your local laws. Find the best sports betting sites to place your wagers at online. If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24.
You can bet whether the final score will come in over or under that total by laying $110 to win $100. In point spread betting, you’ll often hear bettors reference the “hook.” The hook is the extra half point attached to the spread, very commonly seen in football betting. When betting on a favorite and understanding the importance of key numbers and the hook, it’s beneficial for a bettor to lay fewer than 7 points or fewer than 3 points. Similarly, it’s better to lay 7 points with a favorite than have to cover 7.5 points. The same can be said for 3.5, 3, and 2.5 – having to lay 3 points is much better than having to lay 3.5, and having to lay 2.5 is far greater than having to lay 3.
When a money line is a positive number then the odds are the amount you would win if you were to bet $100 and were correct. For example, a money line of +200 would mean that you would make a profit of $200 if you bet $100 and were correct. That’s also equivalent to fractional odds of 2/1 and decimal odds of 3. A nice profit can be made if a touchdown or more underdog pulls off an outright win. Of course, it’s still a risky proposition to bet on a team expected to lose by a touchdown or more to win the game outright. When the point spread was invented in Chicago by Charles McNeil the money line took a backseat.