NFL Betting

In a big mismatch between a top team and bottom team chances are 4 of 5 times most of us can pick the outright winner. How do the bookies even the playing field with the moneyline? If you see the letters PK alongside the odds offered on a game, it means that there is no favorite and you should "pick" the winner of the game without the need to worry about any point spread. There are also " If-Bets ", which allow you combine two bets. If there is a push all bets are off and the sportsbooks return all wagers back to the bettors. Different Odds Formats

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Sports Betting Odds 101

That number is called the rotation number. Rotation numbers are standard from sportsbook to sportsbook. The number becomes a way to refer to the game and team without mentioning the teams name. Also, the rotation number allows each book to list the games in the same order—numerically. It is, in essence, a way to keep all of the games that are posted each day and throughout the week organized. That makes it easy for the bettor and the bookie. In our scenario, the Bengals are the home team, which means they will be listed last and the Colts, as the visitors, will be on the odds slip first.

When you place a bet live at a Vegas sportsbook or over the phone, you would say the number of the team on which you want to wager and not the name. Usually the spread will be first. Thus, all of the basic bets are in one place, allowing for easy access.

The point spread, which is the most popular type of bet, lists the favored team with a minus sign and a number and the underdog with a plus sign and the same number as the favorite. The team that has the minus sign, which is the favorite, has points deducted from its final score, while the dog, with the plus sign, has points added.

The favorite must beat the spread, which means they have to win by more than the negative number to pay off. The underdog pays off in two instances—if they win outright or if they lose by less than the spread. In our scenario, Indianapolis is at If you bet on the Colts at If you wager on Cincinnati, which is the underdog, your bet pays off if they win the game outright or if they lose by less than If in our example the spread was reset to 10 with the Colts favored and they win by 10, then the game is considered to be a tie, which in betting terms is called a push.

If there is a push all bets are off and the sportsbooks return all wagers back to the bettors. Many people will say that the odds on a spread bet are even, paying 1: But this is not true.

The actual odds are 0. For every dollar bet, you can win 90 cents. That number, which is your stake, is posted as Every NFL point spread works this way. The moneyline is different. First, with the moneyline whichever team wins the game pays out. How do the bookies even the playing field with the moneyline? They do it by making bettors wager more on the favorite to win less and allowing them to bet less to win more on the dog. Sure, it's different than football, basketball and the other point spread sports, but once you get your mind around how the lines work it is actually easier to deal with in many ways than a point spread is.

The most common method of betting on baseball is with a money line. A money line is simply a bet on which team is going to win a game. Unlike with a point spread, it makes absolutely no difference how much a team wins by as long as they win the game. Of course, it would be incredibly easy to make money over the long term if all you had to do was pick the better team, but it's not that simple.

The sports books have to have some way of evening out the chances of the two teams - making a bet on a heavy underdog as attractive as a bet on a heavy favorite - or they would go broke. In football or basketball they do that with a point spread.

On the money line they do that by changing the cost of a bet. If you were to bet the same amount on two different teams, you would win more than you bet on the team that was an underdog, and make a profit of less than you bet if you chose the favorite. The money line is most often presented as a number larger than , and it can either be positive or negative. A number that is or lower is a favorite, and the more negative the number is, the more of a favorite the team is.

A favorite is more favored than a one is. The higher the number is, the less likely are the team's perceived chances of winning. It is especially simple when you are dealing with underdogs.