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We have an excellent list of the top places to bet online that take U. If you are looking to maximize your first deposit, we also have a great comparison of the best sportsbooks signup bonuses for you. Betting sports in Vegas is likely going to be the option with the biggest learning curve. You will understand the odds after reading this article, but there are a few other rules and common practices you want to be familiar with that are specific to Vegas.
There are nearly infinite ways to bet sports. If you can think of something to bet on, there is a good chance you can find somewhere to bet on it. One of the first and most important aspects of sports betting every new player must learn is what the different symbols mean. A plus or a minus can mean different things in different situations. This is explained in more detail below, but the most important thing to be aware of is that negative numbers represent favorites, while positive numbers represent underdogs.
The same is true whether you are looking at a spread or a moneyline, but how these numbers are used is very different. Read on for the complete explanation of each of these concepts. The point spread is the projected number of points that separate two teams. A game with a spread will have a favorite the team expected to win and an underdog the team expected to lose. In the example above, the point spread is 7 points. Patriots are favored by 7 points against the Jets. If they lose by exactly 7 points, the bet is considered a push and is canceled.
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.
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. If the Lions were to win, , it would be exactly six and a push, so you would get your money back. Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread.
ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going. Bookmaker's interest - In order to guarantee a profit for the house, a bookie needs to create even action on both sides of a particular game.
In a perfect world the bookie would have 50 percent of the handle come in on the underdog and 50 percent on the favorite. This ensures that the sports books are guaranteed a profit because of the 10 percent commission or "vigorish" charged on most sports wagers.
This is why there is "movement" on the point spread. If one side on a game is being bet more heavily, the bookie must move the number in order to attract interest on the other side in order to balance action. ATS: Abbreviation for Above the Spread Back-door Cover: This term refers to meaningless points scored late in the game by the underdog team to cover the spread.
Edge: This is the advantage in any wager. Favorite: This is the team that is expected to win. Handicapper: This is a person who studies and rates sporting events. Hook: This is a half point added to football odds. Lock: This term is used to refer to an easy win. Longshot: This is a term used to refer to an extreme underdog.
Underdog: This is a term that refers to the team that is expected to lose.
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