Learn to Bet on Sports & Gamble Online & Offline
Most bets with your buddy will be on what NFL team will win straight up or who will cover the spread. This guide give you the basic types of Football wager types associated with a betting line.
A betting line is a posted number that the online Sportsbook posts for each game in a certain sport. The betting line will have different wager options within the betting line. Bookmakers will post odds on who they think will win the game. The betting line will usually show a favorite and an underdog. The example below will show what a NFL betting line looks like at one of our recommended Sportsbooks Bovada. The Moneyline wager means you are picking who you think will win the game straight up.
In this example the New York Giants are the underdog. The betting line is a payout ratio odds and will be scaled to your actual wager. One of the greatest strategies professional bettors use when it comes to moneylines is to stay clear of teams with odds that are simply too much to lay. It is best to set up some kind of system to follow when wagering teams on the moneyline.
For example, some folks stick only with a particular number and will bet on teams with these odds or better straight up. Moneylines are a great way to take full advantage of odds of an underdog team you like.
The concept of this form of betting is simple. You bet on what you think the total points will be for a given game. In most sports, there is no push or draw possibility for this bet, which means you will win or lose your stake at the conclusion of the game. The betting slip lists a number, normally accompanied by a decimal or fraction, and you get to decide if the game total will be over or under the posted number.
For instance, in soccer, the bookmakers generally set 2. The lines and terms are slightly different in each sport. In NBA, extra time also counts for this bet, and it is possible to have a push and get your stake back.
Nevertheless, some bookies do not count the extra time especially for European basketball games. Hence, make sure you read the rules of a bookmaker carefully rather than jumping to conclusions. You need to make plenty of considerations before you decide to play at all.
Handicappers break down team defenses, offenses and club matchups. If you bet on the Patriots -7, they must win the game outright by more than 7 points.
The 3-digit numbers to the far right are the listed prices for these bets. This is also called the odds, vig, or juice. We will cover those in more depth when we talk about money lines.
The price of the bet has no impact on which team is favored. Only the plus or minus on the point spread matters. This is handled differently when you bet strictly on the moneyline. A moneyline bet is on a team to win the game outright without a point spread at an adjusted cost. Just like with point spread betting, the favorite will have negative odds, while the underdog will have positive odds.
The difference here is in the price or payout depending on which team you take. Patriots on the money line works just like our bet price example above. This added risk is why betting the spread is usually more popular, especially on favorites. This type of bet is on the sum of the points scored by both teams in a game. The bookie sets the number for the total, then you predict whether they will score more or less points than the set number.