How To Read Sports Betting Odds

If the team scores and wins, you get something like +140 on your money instead of having laid -110 to get three points that have ultimately wound up meaningless. Moneylines begin when a market-setting sportsbook opens a line. Some basic Googling can tell you whether or not a book sets markets.

In this kind of bet, the odds are set at the beginning of the season, but they can go up or down as time goes on. Once you make your bet, however, it is locked in at whatever the odds were at the time you placed the bet. This is why making a bet on a long shot early on can bring a potentially substantial payoff.

If the New Orleans Saints have +200 moneyline odds and you wager $100, you would get a payout of $300 if the Saint win. A moneyline bet simply involves you picking one of two teams to win the game. No catch, no angle, just the right answer or the wrong answer.

In this case, it is likely that a lot of people bet on the Chiefs when the line opened. This leads the sportsbook to give more points to the Ravens, to entice people to bet on them and balance the action. Basically, any time you notice that the odds, points or totals in a bet have changed, that means the line has been moved. Line movement can help get the best possible price on your wagers and it can also give you valuable information on how to bet. If you ever see a line completely shift and change who is favored in a matchup, do some research to see if you can figure out what may have caused this.

If you bet the Bucks ML and they lose the game by any margin, you lose your wager. “A point spread is a number of points by which one team is favored over the other,” Salerno explains. You’ve walked into a sportsbook, you’re staring at a wall of orange and green letters and numbers and it looks like hieroglyphics. You may find a patient clerk at the sportsbook counter who can explain some basics, but it’s always better to go in with an idea how it works. Start by doing some research online, learning a bit of sports betting terminology and about types of wagers available at sportsbooks.

While money line bets might seem like an alien equation to anyone who’s not familiar with them, they’re actually quite easy to understand. Learning how they work opens up a whole new world for sports gamblers, especially those who enjoy risking their money on the underdog. This type of wager is available on all sports through reliable online bookmakers such as Bodog and TopBet, so be sure to give it a try the next time you’re in the mood to place a bet. • Money lines may change between the time the player placed their wager and the start of the game. The player’s payout is subject to the money line that was displayed when their bet was made. In our scenario, Indianapolis is at -10.5 and Cincinnati at +10.5.

Line in sports betting

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