This means you risk $100 to win $105 if your team covers the spread. In the right circumstance, where you have a small underdog, you can get a very similar bet by risking less and also get a bigger payout by going the moneyline route.
It is also widely known as the over/under and, just like the point-spread myth, it is not Las Vegas’ guess at how many points will be scored in the game by both teams combined. For example, a league’s top team may be +150 to win the championship. It means you have to risk $115 to win $100. The team you choose only has to win the game, not win by a certain number of runs or goals. It’s a number it feels will encourage just as many bets on the over as the under. In reality, it’s a number chosen by oddsmakers that will encourage an equal number of people to wager on the underdog as on the favorite. They can be profitable but also take a long time to settle the bet.
For all the talk of new forms of wagering, the good old point spread remains the bet of choice for most NFL fans. Typically used in baseball and hockey, pro football moneylines are popular in Las Vegas for picking underdogs. For example, if you want to pick a -150 favorite, you would risk $150 in order to win $100. However, a poor team might be +3000, indicating it is not expected to win and a $100 wager would pay $3,000 as a huge longshot. Also known as the line or spread, the myth is that Las Vegas sets the point spread as its predicted margin of victory for one team. The negative value still indicates the favorite (-150) and the positive value indicates the underdog (+130). On the underdog, you would risk $100 and win $130 if the underdog wins. Wagers on a future event are known as NFL futures. If you pick the over, you want offensive fireworks and long bombs for TDs. You will also notice a moneyline value associated with the point spread (such as -3.5, -115). It’s easiest to picture the number 100 sitting in the middle of these two values. That means a $100 wager would pay $150 profit. In totals betting, you are predicting whether the combined total score will be more than or less than the total.
As soon as time runs out on the Super Bowl game this year, there are odds available on who will win next year. Oddsmakers adjust lines during the year, depending on the strength or weakness of teams, then offer wagers on each team to win. The spread is not a static number, so you will notice line moves during the week. Team A may be favored by 3 points on Tuesday and by 4.5 points on Friday. This indicates how much you must risk in order to book the bet (also known as the vig or juice). Betting on the favorite means the team must win by at least four points to cover the point spread. It’s a simple way to have the risk-reward scenario. The underdog team can lose by three points and still cover the spread.. The negative value (-3.5) indicates that team is favored by 3.5 points. This indicates more people are betting on them, so Las Vegas increases the underdog value hoping to encourage more wagers on the underdog.
There are times when moneyline wagering is smarter than point-spread wagering and this is why moneylines are growing in popularity. The positive value (+3.5) indicates that team is the underdog by 3.5 points. If you picked the under 47.5, you want tough defense and the team running the ball to eat the clock. The underdog may see a value such as +3.5, +105
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