Google Tag Manager. Oddshark logo linked to Home. Close Menu. Odds Shark Top Sportsbooks 1. Visit operator for details. Welcome to Odds Shark your one-stop shop for expert sports betting advice. Load More. League Betting Guides. Betting Against Ranked Teams. NBA Betting Theories. Conference vs Non-Conference Game Betting. Handicapping College Basketball Rivalries. Baseball Playoff Betting Strategy. Runline Odds for Baseball Explained. Tired Bullpen: Baseball Handicapping.
Soccer Betting: What is an Asian Handicap? World Cup Betting History. World Cup Golden Boot Betting. World Cup Group Stage Betting. World Cup Prop Betting. UFC Odds Explained. You may combine several teams into one wager. Odds and the number of teams vary from casino to casino. The following are approximate odds:. Any game that results in a push reduces the parlay one team.
A two-team parlay would become a straight bet. This increases the probability of winning your bet but decreases the odds of the parlay. Odds and the number of points available to "tease" vary from casino to casino. To bet on boxing, tell the ticket writer the bet number of the boxer you wish to bet and the amount you wish to wager. Boxing odds are shown using a "Money Line.
A "minus" - preceding the number indicates a favorite. Tyson is favored to win the bout. Boxing matches often feature money line proposition wagers on knockouts, draws, rounds and the duration of the fight. Odds vary on each fight. To bet on football, tell the ticket writer the bet number of the team you wish to bet, with the point spread and the amount you wish to wager.
The point spread: When betting on football, the team you bet on must "cover the spread. If you bet the Dolphins, the Dolphins must win by 7 points for you to win your bet. If you bet the Jets, any of the following will declare you a winner. The listed point spread at the time you make your bet may be different from the point spread when the game starts. In some cases, bettors have the option to discard the point spread and bet on which team will win.
This is called betting on the "Money Line". Sports books offer a number of different cards, each one having different rules. Rules for parlay cards are placed on the back of each card. Read them carefully before wagering. The cards are simple to fill out. Simply darken the boxes, or circles, that apply to the teams you wish to parlay. Then darken the amount you want to bet. Sportsbooks offer bettors the opportunity to wager on the outcome of a season -- for example, which team will win the Super Bowl or the Stanley Cup or the American League East pennant.
This is known as "futures book" or "future book" betting. As an illustration, let's look at Super Bowl futures. For example, the Ravens may be , the Redskins , the Cardinals , etc. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl. When you make a futures bet, your odds are "locked in. Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup.
In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day. Some sportsbooks offer futures betting on unusual propositions, such as which major league baseball player will hit the most home runs in the regular season.
Note that in this type of wager, all bets are action regardless of injuries or other unforeseen events. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner.
If they win exactly 93, the bet is a push and tickets are refunded. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds.
Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup.
For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others. To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others. If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash.
Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet. If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded. To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.
If your team covers the goal spread, you win. The payout is based on a "Money Line". When betting on hockey, the team you bet on must "cover the spread. The Red Wings must win the game by at least two goals to be a winner. If you bet on the Sharks, you win your bet if: a The Sharks win the game.
Note: The money line is used in conjunction with the point spread. All teams must win to win the bet. Hockey parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game and so forth. Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called.
Because there are so many tracks to choose from, in Las Vegas race books it is usually necessary to identify which track you want when you place your bet. For example, tell the ticket writer, "Churchill Downs, eighth race, five dollars to win on No.
Otherwise, betting procedure in the race book is the same as at the track: For you to collect on a "win" bet your horse must win the race, to collect on a "place" bet he must finish first or second, and to collect on a "show" bet he must finish first, second or third. Betting a horse "across the board" is really three separate bets: one to win, one to place and one to show.
Hitting an "exacta" entails picking the first two finishers in a race in the correct order; a "quinella" is the first two finishers in either order. A "trifecta" is the first three finishers in exact order; a "trifecta box" is the first three in any order.
A "superfecta" is the first four finishers in exacta order. A "daily double" is a wager that calls for picking the winners of two consecutive races. A "daily triple" entails picking the winners of three consecutive races. And a "Pick Six" calls for picking the winners of six consecutive races, an extremely difficult feat that is usually rewarded with an enormous payout. In Las Vegas, race books frequently offer promotions such as free contests with cash prizes, special house-banked betting pools that grow larger if no one hits them for a few days or horse racing tournaments.
Rules and details vary greatly by casino so be sure to shop around to find those that appeal to you. Nevada sportsbooks are not permitted to accept wagers on presidential elections, the Academy Awards or the winner of the TV show "Survivor. They are not real betting lines. Under state law, wagers must involve the outcome of "athletic contests" rather than elections or votes of any kind. Even so, "wacky" proposition bets can sometimes be found in Las Vegas sportsbooks. They are often linked to the Super Bowl or another major sporting event.
For instance, in Super Bowl XXXV gamblers could bet on whether the Ravens would score more touchdowns than the Chicago Blackhawks scored goals on Super Bowl Sunday -- and that was just one of countless "wacky" propositions.
As another example, to generate interest in Monday Night NFL games, many sportsbooks offer odds on which player will score the first touchdown in the game. These "wacky" bets can be lots of fun, but odds and details vary tremendously by casino, so read the fine print before getting involved. The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues.
Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date. End date. This guide is provided for informational purposes only. This is not a betting site. Auto racing Betting on auto racing has exploded in popularity in Vegas in recent years, and its appeal continues to grow. Driver Odds Jeff Gordon Jeff Burton Casey Atwood Auto racing matchup propositions also are available, in which two drivers are paired against each other in a head-to-head wager, with a betting line on each driver set by the oddsmaker.
Baseball To bet on baseball, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager. Example: Pitcher listed is starting pitcher Bet Num.
A moneyline bet is a bet for a team or individual to win a contest. This is easy to explain with a real-life example. You have a good feeling that Ohio State will beat Alabama, so you want to bet them to win. These are the moneyline numbers. You know this means Alabama is the favorite while Ohio State is the underdog.
What do those numbers mean for you? As you can see, you can win more money betting on dogs. Spread bets, also known as puck-line bets in hockey and run-line bets in baseball, are how you bet on these games. Every single contest has a corresponding spread. With a spread bet, you bet on a team to win over a certain amount of points or lose by less than a certain amount of points.
The bookmaker determines these numbers in hockey and baseball these numbers are a standard 1. You do think it will be a close game. What does this mean? If you bet Alabama at -9 , that means Alabama must win the game by more than 9 points for you to win. That To win an over bet, Ohio State and Alabama must combine to score more than To win an under bet, these two teams must score less than Now that you know what the three basic bets are, you can start building exotic bets that are based on them.
A parlay is two or more bets combined to increase your winnings. Sportsbooks and casinos have different rules on parlays and how you can play them. You can combine those bets. The only catch? You must win all your bets in a parlay to win. If you go 8 for 9 on a parlay, you lose.
Sportsbooks allow you to adjust the spreads or point totals on parlay bets through teasers. For football, they offer 6, 6. This means your Ohio State and Pittsburgh parlay will have more favorable numbers. A 3-way bet is a moneyline bet with three sides. You can bet on Ohio State to win, Alabama to win, or a tie. These bets are offered for the full regulation not counting any overtime, or for set intervals of the game like quarters or halves. If you bet Ohio State on a 3-way line to win the first half and the teams tie, you lose.
A round-robin bet is a series of combined two-team parlays. All these bets have the standard juice of If you do this, you have three separate two-team parlay combinations you wager on. We help many bookies get their business to the next level. AcePerHead is a white label sportsbookservice. Because the book profits primarily on the juice, they set their lines to encourage even play on both sides. That Ohio State vs. They come to that number by determining what margin will entice an equal number of players to make bets on either side.
One of the most important aspects of sports betting to understand is line movement. Betting lines are not static. When bookmakers release their initial lines, they begin to take bets. They set the original number to encourage play on both sides.
Experienced gamblers do not live in a vacuum. They have their ideas about what will happen in any given game. These preferences show with how much money comes in on either side. If money comes in heavy on the Alabama side at -9, the bookmaker will move that number up to get play on Ohio State. These movements can come from consistent public play or a large single wager. We will also tell you how to figure out implied win rates and lines no-juice lines.
Lines written in this fashion may seem counterintuitive to many beginners, largely because positive numbers actually indicate which team is expected to lose, whereas negative numbers signify that the team in question is favored by the sportsbook. As you can see, reading decimal lines can actually be faster than reading American lines once you understand the numbers. If you ever want to convert the lines from American to decimal or vice versa, the formula is rather simple.
If you are looking at a favored number, the equation is slightly similar but you reverse the position of the line. So rather than dividing into the line, you divide the negative line number into It actually comes out to 1. You can also convert lines in the other direction. To convert the 2. Note that you will know when you are doing the conversion for an underdog, because it will always be greater than 2.
When numbers are less than 2, you know that they are for favored teams. In these cases, you want to subtract one from the decimal line and divide the number into Note that this is not actually the exact outcome of the equation, but it can be hard to get precise numbers when converting favored teams.
You will usually have to approximate. An implied win rate is a percentage that gives you an idea of just how much the sportsbook has favored one team over the other. This is the result of the juice that we mentioned earlier, which ensures that the sportsbooks will make a profit.
For favored teams, forget that the line is negative. Treat it as a positive number, add it to , and divide that number into the value for the line. It is much easier to figure out implied win rates for decimal lines. All you have to do, whether you are looking at the underdog or the favored team, is divide the line into 1. So, for our example lines of 2. If you use the approximation of 1. As we have said above, the juice is how sportsbooks ensure that they will profit from sports betting, which means that implied win rates are imperfect as long as juice is factored in.
To figure out the no-juice lines, you will first have to follow the steps above to find the implied win rates. So, using our examples of In other words,. To get the actual no-juice line, you multiply this number by , subtract their sum from , and divide the whole thing by the no-juice percentage.
In other words, — [ x. Again, you will be adding the implied win rates, this time dividing them into the win rate for the favored team. This gives you. Then, figure out the revised money line by subtracting this number from 1, and then dividing that into the result of the no-juice percentage multiplied by This gives you x. If you want to do this with decimal lines, you follow the same first step for each to find no-juice percentages. We have already given you these for our example numbers, at values of As you can see, the decimal lines are still pretty different, but the American lines are almost identical without juice.
This underscores the fact that sportsbooks tend to ensure their income through the money they charge on the juice for bets on favored teams. The following are some of the most common types of wagers. You will especially be betting on money lines if you prefer to bet on baseball or hockey. In basketball and football, it is generally only common to bet on money lines if you are betting on the underdog, as money lines for each of those two sports tend to be rather high and charge a lot of juice on favored teams.
When you bet on the money lines, literally all you are betting on is whether or not a particular team is going to win the game. You will also see money lines on other types of bets, as a means of telling you the payout for each one. These are not the most common type of wager, but they occur with relative frequency in all major sports. All that matters is the total between them.
So in a game between two teams in which the given total is , you might bet under if you expect a low-scoring game in which neither team clears points. You might also bet over if you expect both teams to score well over , or even if you just expect one team to score enough to clear the difference.
If, however, the above game results in a combined score of , the game will result in what is known as a push. This means that nobody wins, and all of the money is refunded. Sometimes, sportsbooks will try to prevent this from happening by setting totals numbers with half-points on the end. The point spread will always be the same number for each team, and again the positive number will denote which team is the underdog while the negative number indicates the favorites.
The money lines for each team, however, may differ slightly. Point spreads are the most common type of bet for basketball and football games. The way point spreads work is that the favored team has to win by more points than indicated by the spread, while the underdog has to either win the game or else simply lose by fewer points than indicated by the spread. Since there are technically more outcomes that will allow the underdog to beat the spread, you will sometimes see more juice charged on the underdog when you are betting on point spreads.
A sportsbook with these odds is expecting Golden State to win, but they are slightly favoring the Cavs to beat the spread and are therefore collecting more juice on those bets. Also note in the above example that the point spread is given a half-point, meaning that Cleveland must lose by 12 or less or else win the game , while the Warriors have to win by 13 or more.
A push in regards to point spreads is when the difference between the two scores is exactly the same number as the number listed for the point spread, similar to its definition in totals play. It is not too difficult to understand why many sportsbooks prefer to use half-points to prevent this from happening. Parlays are similar to betting point spreads, but in this case you are betting on more than one game at the same time. The first thing you need to know is that they are incredibly risky, since losing any one of the games that you add to your parlay results in a loss on the whole thing.
The reason that some people like to bet parlays is that the odds appear to be greater. The money line for a parlay will usually be determined by taking each of the decimal lines for the teams that you have wagered on, multiplying them by one another, and converting them to the appropriate money line.
However, they do not always work this way, and each sportsbook may vary in how they arrive at their given payout. Many, for instance, will ignore the money lines for each team in the parlay and simply set their odds according to how many teams are included. Also note that many sportsbooks will offer teasers , parlays in which the spreads have been altered to make them easier to beat. However, the payout on such bets is usually far less than it would be for a standard parlay, and the odds of winning every bet included in the parlay are still rather low.
There are other bets that we have not covered in detail, such as futures , prop bets , and more. However, they may simply lead up to smaller championships, usually with a slightly smaller payout. Proposition bets, or prop bets, are generally bets on specific stats. There is an immense variation in which prop bets might be offered at various sportsbooks.
These bets are not necessarily too common for beginners, although they can certainly be fun in moderation. The odds of winning prop bets will depend upon the nature of the prop bets themselves, so be sure not to overdo them and only make use of prop bets at your utmost discretion. This covers most major types of bets, and should certainly get you through the basics of what you need to know. Any information you are looking for that is not covered by the above regarding various types of wagers will likely fall far outside the purview of a beginners guide to sports betting such as this one.
But who are the people setting these lines in the first place? More importantly, just how do they operate? Well, usually, sportsbooks will open their lines fairly early. Things start to change, however, as more and more bettors make their plays. As we have mentioned before, the oddsmakers have to make sure that approximately equal numbers of bettors are betting on each side of the line if they want to make sure that they make a solid profit from the juice.
As bettors make their plays at the sportsbooks, the bookmakers look to see which side is getting more bets and adjust the lines to try and lure more bettors into betting on the side that has been neglected by comparison.
Once the sportsbooks begin to achieve a balance between bets on each sides of the lines, they will likely start to raise the betting limits. Of course, not every sportsbook will follow this exact same strategy. Some sportsbooks might not alter their lines too much, while some may try to influence bets to lean toward one side rather than trying to strike a balance. It all depends upon the goals of the bookmakers and how they think they are likely to make more money.
Some will also engage in a practice called shading, which is basically inflating the value of the team they expect to be more popular with bettors. There are a lot of chalk players out there, bettors who will only wager on teams that are favored by the sportsbooks. These types of bettors make it easy for sportsbooks to shade their lines, because they know that these players will pay the extra juice for the promise of reduced winnings, rather than taking a chance on the underdog.
It should be clear by now that the sportsbooks have it figured out in terms of how they can be most profitable. Your profits may start small, but will grow into something bigger over time. We already told you about chalk players in the section above, and you might notice that the way we described them kind of made them sound like fodder for the sportsbooks.
Now, do you think that they would have sounded that way if they were constantly just rolling in the dough? There is no such thing as a set winner, and you may notice that the decimal lines we gave you when we were looking at no-juice lines in the above sections were much closer than the decimal lines we gave before factoring out the vigorish.
Some sites that specialize in giving advice to those with an interest in sports betting have suggested tracking your plays for as much as a full year before deciding whether or not you think you have the edge that it takes to be a profitable sports bettor. To be a truly profitable sports bettor, you have to check a few things when tracking your picks. First of all, you want to see how your picks fare in comparison to the opening lines set by the sportsbooks, not just the closing lines.
Bear in mind that the lines shift over time, so the opening lines are more indicative of what the sportsbook was actually expecting from each team. When tracking your bets, there are a few more specific stats you will want to note. The first is your ROI, or return on investment. Divide your profits on a bet by the amount you put into it, and you will see about how much you are making on an average play. You will want to look at your ROI for individual wins, but you also want to see the profit you have made over time compared to how much money you have put forth in general since you began your foray into sports betting.
You also want to see how often you are beating the closing line. Do not just look at how often you have beat the closing line, but also figure out the average for how many times you have beaten it compared to how many times you have wagered. You may not fully understand this as a beginner, but the frequency with which a handicapper is able to beat the closing line is a reflection on their skill level, as it is unlikely that they are beating the closing line often by sheer luck alone.
Some will give you other useful stats such as your Z score, which predicts your possible rate of success in the future. You definitely want a service that offers this stat. Another stat that should be offered by the service you choose to utilize is R-squared. It is a bit difficult to explain mathematically, but basically you are looking at consistency.
Consistency in your win rate also allows you some leeway in terms of bankroll management. If you want to make sure that you really have an edge when it comes to sports betting, then your pick tracker should offer this stat.
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|Sport betting guide||The Red Sport betting guide must win the game by at least two goals to be a winner. These "wacky" bets can be lots of fun, but odds and details vary tremendously by casino, so read the fine print before getting involved. A "minus" - preceding the number indicates the team is a favorite. Then darken the amount you want to bet. Yes, I agree to receiving emails from Bookies. If you bet the Lakers, any of the following will declare you a winner. Most popular Betting guides:.|
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