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- 28.02.2020
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What does plus 200 mean in betting
With this odds type, you can determine your payout by taking the decimal and multiplying it by your wager. For fractional odds, these are also used outside of the United States, typically found in the United Kingdom. Also, this is the primary odds type used for betting on horse races. These odds can appear for any wager type, but what it means for monetary payout means the same. Moneyline Bets The moneyline wager—who will win the game or contest—is the most straightforward bet type in online sports betting.
The goal of a point spread is to try to make the two teams as even as possible, accounting for the advantages and disadvantages of each team. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you. When the point spread was invented in Chicago by Charles McNeil the money line took a backseat.
In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. Money line bets tend to be even more popular with underdogs. A nice profit can be made if a touchdown or more underdog pulls off an outright win. When betting with a point spread you are wagering that a particular team will win or lose by a certain amount of points.
This pays out even-money minus the vigorish, or bookmakers take, which we will later explain further. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back. These are examples of 'side' betting with a point spread.
There are also 'total' wagers that refer to the total amount of points scored by both teams. The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig.
Identify the favorite: Lines with a - before the number i. That does not mean you have to bet that much, it's just easiest to understand! The most important thing you can teach yourself early on is: "Just because the books assign one side to be the favorite even large, or , favorites , does not mean that they will win.
Money line odds - These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than , and they can be either a positive or negative number. Each one is a little bit different. Just what is a moneyline?
Essentially, a moneyline bet is a bet on which team is going to win the game. There is no point spread or other handicap for either team, so if you pick a team and it scores more points than the other team then you win. Obviously there has to be a catch, though, or the bet would be way too simple. The sportsbooks balance their risk by setting different prices on each team. You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog.
The stronger the favorite the less you will win, and vice versa. How do you read a moneyline? A moneyline is a number larger than , and it is either positive or negative. A line with a positive number means that the team is the underdog. In most cases, the favorite will be the team with a negative moneyline in some cases both teams can have a negative moneyline if they are both closely matched. A team with a moneyline of wouldn't be favored nearly as strongly as a team with a moneyline of Why would I bet a favorite on the moneyline?
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. If your handicapping leads you to believe that one team is likely to win but you can be less certain that they will win by as much as the point spread then the moneyline may be attractive.
You are sacrificing some potential return because the moneyline won't pay as much for the favorite as the point spread will, but it's obviously better to make a small profit than it is to lose a bet. 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.
Why would I bet an underdog on the moneyline? Simply, bigger returns. You won't win as often, of course, because the underdog not only has to cover the spread, but it actually has to win the game outright. Upsets happen, though, and good handicapping will often isolate situations where the likelihood of an upset exceeds the risk of the bet. This is especially relevant in the NBA because the number of games, and the possibility for even the best teams to have a bad night mean that major upsets are far from rare and can be very profitable.
There's another reason to bet the underdogs on the moneyline as well. If your handicapping has made you feel very strongly that a poor team is due for a big win then the moneyline allows you to profit much more handsomely from your conclusion than a point spread bet does. The moneyline, then, is a powerful situational tool for people who closely follow the NBA.
Understanding Sports Odds Identify the type of line you are looking at. All online sports books offer you the chance to have your lines in an "American" or "Money line" version. If I were you, I would use this as my standard. Two other less common variations exist: decimal odds and fractional odds.
Briefly: --Fractional odds are most commonly found in racing. Identify the favorite. Lines with a - before the number i. How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home.
If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate. A point spread - Lets take, for a hypothetical situation on one of the types of football bets using the point spread , that the Kansas City Chiefs were visiting the Detroit Lions and Detroit was established as a six-point favorite at game time, which is commonly written as Detroit If you bet the favorite, Detroit has to win by more than six points to win your bet.
Remember, the Lions are favored by six points, so we subtract six points from their final score on a spread bet. If Detroit were to win , Lions bettors would win their wager. If the Chiefs were to win the game by any score and you picked the Chiefs you would win not including the extra six points.
SHARON WEIZMANN FOREX
The goal of a point spread is to try to make the two teams as even as possible, accounting for the advantages and disadvantages of each team. The Rams are two-point favorites. If the Rams win , yes, they win the game, but with a -2 point spread, the game will have a score of in favor of the Buccaneers in sports betting. How to Calculate and Bet Using American Odds While moneylines and point spreads come with every sport, contextual differences for these depend on the sport.
For example, with sports like the NBA or NFL, point spread wagers will have the standard point spread betting odds of However, sports like MLB or NHL will not have this as the point spread—also known as run line or puck line in baseball and hockey, respectively—are measured differently. If this is how you feel when your trying to place a wager, read on. The following is a simple guide on how to read sports odds and give yourself the best chance of taking home some cash.
Other types of odds are Decimal and Fractional. Globally sportsbooks use one of three types of odds: American Fractional Decimal There are positives and negatives in the use of all of them. One thing is for sure, if you are going to bet on sport, you will run into one of these odds formats and you NEED to know how to read, understand and eventually capitalise on them.
This article will focus heavily on American odds. Quite a big difference between the two, and definitely a little tricky to navigate at first. Interestingly in many international or offshore sports the home team is listed first. Perhaps in this case the home court advantage is what has led the sports books to install the Trail Blazers as the favoured team. We can tell Portland has favoritism as the odds have a minus sign at the front.
Any time a team has minus sign out front, the bettor knows they will be receiving less than a 2 — 1 payout figure. In this particular example, the Oklahoma City Thunder are the outsider or underdog as they have odds with a plus sign at the front plus money.
What does plus 200 mean in betting what does minus 5 mean in betting
Explaining moneyline, spread, and total bets.
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