What Is Point Spread Betting?
As it happened, the Ravens upset the 49ers and the underdog bettors won. Each of the 5 guys made $100 for a total of $500 and the big bettor lost $550. It is not uncommon to encounter different odds for one and the same event with various sportsbooks. For instance, some of top online bookmakers may display odds of 2.30 for a team to win a game; and others may offer odds of 2.20 for the same team to win. Now, this is another important aspect of understanding betting odds.
When you see a -110 line, you can consider it similar to an even money outcome, like a coin flip. The number next to the minus sign is the amount you must bet to win $100 in profit. This juice is a way to discourage gamblers from wagering on a heavy favorite. If the Golden State Warriors are listed at –500 to win the NBA championship, a successful $500 wager would only net $100. Prop bets, or “proposition bets,” can be on literally just about anything.
If the no-vig line on the Heat is +114 and a slow moving bookmaker is still offering +120 odds the bet is +EV and the more your bets are +EV the likelier you’ll win long term. This means that the first visiting team of the day’s list of games will be team 951, in every casino in sportsbook. These figures help with references so if you want to bet the visitor in the 1st baseball game of the day, you can go up to the sportsbook cashier and ask to bet team #951. It may sound simple, but betting what you can afford to lose is the best advice ever given. If you set aside $50 each week, you know that is the maximum limit that you can lose – anything you win is a bonus. Now, just because you win $200 early in the week and then lose that, on top of the $50 you set aside, doesn’t mean that you can expand the initial limit you set.
The key to finding the best odds is matching your research and your due diligence with the different sportsbook lines offered. The notion of ‘best’ lies in the eyes of the buyer when it comes to sports betting. Oddsmakers offer a line to sports bettors at a number that entices people to bet both sides, which is what they intended for with the (+/-) 2.5 spread on the Atlanta-Carolina game. By setting the market with these odds, oddsmakers are telling us that this game is a near coin flip .
Find answers to common questions bettors like you have when researching which sportsbook to join. Free Bet – A Free Bet is a token with a number value, which a customer can attach to a selection to a selection to place a bet. The difference between a bet placed with a Free Bet Token and a regular bet, is with a free bet the “stake” is not included in the winnings. Free bets are only given out per terms and conditions and for specific promotions. First-half bet – A bet placed on the score in the first half of the game only.
The “juice” can be used interchangeably with “vig” which we mentioned before. As a reminder, this is why spread and over/under bets are typically -110 rather than +100. This is the fee the sportsbook takes from a bet — gambling, after all, isn’t free. Each individual game and season offers a variety of bets you can place.