The spread is -8, so to win your bet, you need Indy to win by 9+ points.Let’s say you’re betting on the Colts at DraftKings. The -110 odds are the price you need to pay to bet that spread.The spread is the margin of victory your team needs to win by.With many bets, you may see two numbers - a spread like -4.5, and then odds below it, like -110. What Is the -110 Number Listed Next to My Bet? Tom Brady over or under 295.5 passing yardsĥ.The over/under concept is applied to many different kinds of bets. If it lands on 46 exactly, it’s a push and bets are refunded.
If you bet the under, you need 45 points or fewer.If you bet the over, you need 47+ points.You’re not trying to guess the exact score (though that bet is available, too).Įagles-Lions has a total of 46 - about average for an NFL game. This is called the total or over/under.īettors can then wager on whether or not the game will go over or under the total. In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer. This is called the juice, and it’s how sportsbooks maintain their edge over bettors. So why do you have to risk more on the favorite than you’d win on the underdog? The Colts are -375 - that means you need to risk $375 to win $100 or $37.50 to win $10.
So to bet the Colts just to win the game, you need to risk a substantial amount. Oddsmakers believe Indianapolis is the much stronger team. If you’re betting a +200 underdog, you will win 2x your money for every dollar wagered - $100 to win $200, $10 to win $20, $1 to win $2, etc.īack to Colts-Texans. So if you’re betting a -200 favorite, you need to risk $200 to win $100, or any fraction of that - $20 to win $10, $2 to win $1, etc. A moneyline bet requires you to just pick the winner of the game, and uses American odds to calculate the payout.Īmerican odds are centered around winning $100. The second way to bet on a favorite or an underdog is on the moneyline.
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WynnBET Get $200 FREE When You Bet $50! NY, LA, IN AZ, CO, TN, NJ, VA, MI Still confused? Check out this video breaking down point spreads. Spreads are available in every sport but most common in higher-scoring sports like basketball and football. That’s why the Colts are an 8-point favorite on the road against the lowly Texans, while the Eagles are a smaller favorite on the road against the Lions. Point spreads are adjusted for team ability and many other factors. Anyone betting on Detroit needs the Lions to lose by 1-4 points or win the game. That means anyone betting on Philadelphia needs the Eagles to win by 5 or more points. The Eagles are a -4.5 favorite over the Lions in Week 1. The first is the point spread, which is a bet on the margin of victory. There are two main ways to bet on a favorite or an underdog. If the game is a true 50/50 toss-up, books will open it as a “pick” or “ pick’em.”
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The underdog is expected to lose and gets a plus sign. The favorite is the team that is more likely to win the game and will get a minus sign next to its odds. When oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog. Use the links below to jump to each section.
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How to Bet on Sports for Beginners: 12 Tips Here’s an introduction into how to bet on sports with 12 things that every beginner needs to know. With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time.īut where do you begin if you’re unfamiliar with the terminology? The anti-gambling stigma that existed for decades faded quickly in American popular culture, opening the door for a massive, multibillion-dollar legal sports betting industry to emerge. Over the past four years, sports betting has emerged from the shadows and into the mainstream.