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Moneyline - The money line is an alternative way to bet on games wherein instead of getting points with the underdog, you get odds. Or instead of laying points with the favorite, you're laying odds. You don't have to worry about the margin of victory in this case, only who wins the game outright. But if you take the favorite the team more likely to win you risk a lot to win a little. If you take the underdog the team less likely to win you risk a little to win a lot, but it's less likely to happen.
You might notice that you're risking with the Steelers and only getting 3. That's by design, or course, and it's the way in which the Sportsbook exacts its vig on moneyline bets, i. The way the moneyline makes the most sense is to base it on units of True Odds - the payout you should get for your expected return to be zero over the long haul, i. For example, the true odds on a coin flip are , i.
In the long run, with a fair coin, you would break even. This would be a fair bet. It can also be thought of as the vig-less odds, wherein, for example, you'd only need to win 50 percent of your bets to break even against the spread rather than Pick 'em - a game where the point spread is zero, i. Even-Money - An "even-money" bet means you're risking exactly as much as you stand to profit. Push - A tie. If the Steelers are favored by seven over the Raiders, and the Steelers win by seven, it's considered a "push," meaning all bettors get their money back, and the Sportsbook is deprived of its rake.
Parlay - A parlay is a bet on more than one separate game or total you can actually parlay games across different sports wherein you have to win every leg of the parlay to collect. For example I might parlay the Steelers minus 10 against the Raiders and over 48 points total in the game. If the Steelers win , the Steelers have covered the first leg of the parlay, but I missed on the second one, the total, so I would lose the entire parlay.
In order to win a two-leg or two-team parlay you have to win both legs. The compensation for winning a parlay is an increased payout. Typically a two-team or two-leg parlay pays out 2. For a three-team parlay, it's 6. Payouts as you add more legs to your parlays can be found in this chart. Accordingly, to get true odds you'd be paid , but you can see you're getting only 2.
That's how the Sportsbook gets its vig on parlays - it pays out less than true odds. Parlays can be profitable if there's correlation between the two legs, e. If that's the case, then instead of 1 in 4, that outcome is closer to 1 in 3, and the 2. One in four is the same as a 25 percent chance. If one side has a 25 percent chance, the other has a 75 percent chance.
Accordingly the ratio of one side to the other is A payout implies a 20 percent chance. If one parlay leg pushes, i. If it was a two-teamer, it's pushed down to a one-team bet against the spread. Key Numbers - in NFL games, key numbers are seven and three, for example, due to the amount of points awarded for touchdowns and field goals.
When a point spread moves from seven to 6. Tease - a tease is similar to a parlay in that you have to win multiple legs to win at all, but instead of getting a bigger payout as in a parlay you get extra points. For example a two-team tease gets you six extra points on each team or total and a three-team tease gets you 10 extra.
To illustrate, if the Steelers are favored by six over the Jaguars, and the Raiders are getting three from the Chargers, I can tease the Steelers down to a "pick em" and the Raiders up to nine point underdogs. If the Raiders lose by only seven and the Steelers win outright, I'll have won my tease, but I only get paid even money for it, i. The amount of points you get on teasers varies not only based on the number of games you tease, bit also on the particular sport.
For more, click here. Take back vs. Overlay - A situation where the bettor has better than true odds of winning, e. The bettor has a 1 in 9 chance of winning 10 times his money. The favorite must win by more than the point spread to win the bet; underdogs must win the game or lose by less than the point spread to win the bet. Example: Alabama is a 7-point favorite over Auburn. The final score is Alabama 27, Auburn If the favorite wins by exactly the point spread, the game is a push, and bettors get their money back.
If the terms are different from , they will be expressed alongside the team name on the betting board. Example: The total on Alabama vs. Auburn is 50 points. One wrinkle: Totals do not have their own rotation number. The terms are listed beside each team after the spread and total.
As with totals, there is no specific rotation number for money-line bets. Before the game, bets can be placed on the first half of football and basketball games, the first five innings of a baseball game or the first period of a hockey game. For football and basketball, bets can be placed at halftime, at a line set for just the second half of play. The overall result of the game does not matter, just the result against the second-half spread or total.
These bets have their own rotation numbers. A common mistake is for a bettor to use the full-game rotation number when trying to place a first-half bet. Bets on events that will be decided in the future, usually seasonlong bets on a team to win a championship. Bets also can be made on a team to win a division or conference, and sometimes bets are allowed on individual seasonlong awards, such as the Heisman Trophy or league MVP. The odds are not static.
They change week by week or even day by day as the season progresses. A form of futures bet on whether a team will go over or under its projected number of wins for the season. The odds are often , but the juice can be shifted to favor one side without changing the total. Sometimes each side will have a rotation number for win totals.
A bet that requires picking the result of multiple games, offering the chance for a larger payout. If one leg pushes, the leg is in effect taken off the ticket, and the bet reduces to the teams remaining. Example: If one leg pushes on a three-team parlay, you now have a two-team parlay with the other two teams. Not all events can be parlayed.
Example: A team against the spread cannot be parlayed with the same team on the money line. Parlaying a team with the total on the same game is likewise sometimes not allowed. Some sportsbooks have parlay cards that let bettors fill out their bets to hand to the ticket writer. Parlays also can be made over the counter directly with the ticket writer. Bettors must declare how many teams are in the parlay, then follow with the various rotation numbers.
Be aware that combinations add up quickly as you add more teams. A 6-point two-team football teaser typically pays at to odds. Both must cover those numbers for the bet to win. Bettors must declare the type of teaser and how many teams are in the teaser, then follow with the various rotation numbers. Most famously bet on the Super Bowl, but available year-round on specific games.
These are bets on a specific outcome within a game, sometimes general will the game go to overtime? Many props have odds of , but the terms can vary greatly. Be sure to check the betting board. Bets on games while they are in progress. The lines are fluid, changing with the score of the game. If a 4-point favorite wins by 6 points in overtime, then the favorite wins against the spread and on the money line. The score at the end of regulation means nothing. This most frequently helps or harms bettors with college football totals.
College football can easily spill into multiple overtimes, meaning a game that ended in regulation could end up in three OTs or higher. Games must go 55 minutes for bets to count, even if the outcome of the bet is a foregone conclusion.
If the bettor chooses the winning side, the sportsbook will pay the amount due. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing. This side of the bet usually listed with a minus - sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.
Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. This side of the moneyline bet pays out more money per unit than a wager on the favorite.
In this example, the moneyline on the favorite Chiefs was Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered. The two sides of each moneyline wager are essentially the opposite of each other.
That said, it might take running through a few examples before fully grasping the payouts. Ohio State: How to bet on the National Championship game. July 8, From The Web Ads by Zergnet. Share this article shares share. Most Popular. More Betting - Education and tips for beginner sports bettors. Email Sign up No, thanks. Never miss a great story Start every day with our most popular content waiting in your inbox.
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A little bit of knowledge can take you a long way, and that is what you will find here. Free NFL picks from nj. If you are new to betting on sports, understanding the terminology is a good place to begin. While you may have had a lot of success betting on the NFL at work or with friends, your move to real NFL betting probably means that you want to have more fun on your own. This is where knowledge is power. The more you know and understand about NFL betting, the more likely you are to be able to win.
While there are other kinds of bets you could make out there, these five categories cover most of the types of football wagers you can make. Moneyline is the simplest type of bet for you to make. These bets are nothing more than the NFL odds on who will win the game. The margin of victory is not included in these types of bets. This gives you the expected total of the game and allows you to bet on whether you believe the total number of points scored will go over or under.
NFL point spreads are set by oddsmakers. This is the final outcome they expect one team to have over the other. For example, if the New England Patriots are squaring off against the Miami Dolphins, you may find that the spread for this game is set with New England at What this means is that oddsmakers expect New England to win by four. If you choose Miami, you are actually getting four points, meaning that if the Patriots win , you are a winner. This is another way you can win with NFL betting lines.
If you know that a team is much better in the first half or you expect them to keep it a tight contest, choosing the halftime lines may be the way to go. These are unusual kinds of bets that often have very little to do with the final score. During the Super Bowl, you will see countless numbers of these bets, including anything from how long the national anthem will last to what television commercial will air first.
There will be prop bets related to the game as well. This includes such things as who will score the first touchdown, will a field-goal kicker make an attempt longer than 50 yards, or who will be called for the first penalty? These types of bets are focused around specific categories by individual players or teams for performances.
You can bet on how many touchdowns a quarterback will throw, how many rushing yards a player will have, or how many total sacks the team may have. These kinds of wagers give you a lot of options for your NFL picks. Futures betting allows you to make choices about events that will happen as the season goes along. For example, you can place a bet on who will likely win the Super Bowl, be named the NFL MVP, or how many regular season wins a particular team will have.
You can use the betting odds to make wagers during the NFL playoffs as well. Before leaving this area, we did want to provide one additional type of wager that combines several kinds of bets in one, including NFL lines, the spread, and totals. In the parlay, a person bets on a few different combinations, but can only win if all of their choices are correct. The teaser is very much like the parlay, except for the fact that you can increase your odds by putting points down to help see your bet come to fruition.
For example, in the parlay, if the line was and you took the favorite, you would lose if your team was victorious by However, you can decrease that amount in the teaser by putting six points down, creating a new line of While it decreases the risk and increases your chances of being right with your NFL picks, you still need all of your bets to be correct to win. Now that you understand how to play and make the right types of bets, it is important to know where you want to go to place your sports bet.
First off, there are several online betting sites that are available to you, but not all will offer the same kinds of promotions and opportunities. As gambling has become legal across the country, you may also find that there are casinos in your area that are offering the opportunity for you to come in and place a wager there. You no longer have to ask yourself is betting legal in New Jersey, as sports wagers are legal across the entire state now. We also want to mention to you that when betting it is important that you bet responsibly.
If you are really in that desperate of a situation, maybe it is time to step back or seek additional help. There are several sportsbook websites on the Internet, and there are many that will offer gambling in your state. When choosing a good sportsbook, you want to begin by looking at the different betting sites offers that are available.
If you are new to that site, it is likely that they will offer you a number of different incentives to entice you to start making wagers with them. Some of these promotions can be quite beneficial to you and may include perks such as:. For example, in a boxing match, it would not be unusual to see odds such as these:. In point-spread betting, the bookie hopes to have an equal amount of money wagered on each team, which guarantees a profit.
In moneyline betting, the bookie assumes most people are going to wager on the favorite and sets the line on the underdog so as to cover any potential losses on the favorite. Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard's chances of winning are much greater. Moneyline betting is generally offered on all sporting events, even those that also use the point spread, such as football and basketball.
In these instances, you'll have to do some quick math to see which form of oddsmaking promises a greater payout, if any. Allen Moody. Allen Moody is a journalist with more than 35 years of experience in the sports-gambling arena.
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.
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. A favorite e. 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.
Underdogs e. 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. If you project the Jets and Patriots to combine to score more than If you think they will score less than Which bet would lose and which bet would win?
Sharp - an experienced bettor or professional gambler, someone who presumably knows what he's doing,. Square - a recreational bettor or an amateur, an average Joe. Spread - The spread is the number of points the favorite gives to the underdog to make it an even bet. For example, if the Steelers are eight-point favorites at home over the Raiders, the spread is eight points in that contest.
That means if you bet the Steelers against the spread, and they win by only seven, you lose the bet. If you bet the Raiders and they lose by only seven, you have won the bet or "covered" the spread. If you bet the favorite against the spread, they must not only win, but win by a bigger margin than the spread for you to win the bet. If you bet the underdog, you win one of two ways: 1 If the underdog wins the game outright; or 2 If the underdog loses the game, but by a margin of less than the spread.
If you bet the underdog, and they lose by a greater margin than the spread, you have lost the bet. Number - see "spread" above. Also can refer to a game "total". Total - The total is the number of points scored by both teams combined in a particular game. You can bet the "under" if you think the game will have fewer points than the the Sportsbook's listed number, or you can bet the "over" if you think the game will have more points than the number.
For example, if the Sportbook's total in the Steelers-Raiders game is 48, and you bet the over, you're betting the teams combine for more than 48 points. If the Steelers win , you would lose that bet, since they scored only If the Steelers lose , you'd win that bet because they scored The total is independent of which team wins or loses - it's simply the amount of points scored in the game.
Laying points - If you're laying points, you're giving up points because you took the favorite. For example, if the Steelers are seven point favorites over the Raiders, and you took the Steelers, you could be said to be "laying seven" with the Steelers.
Laying wood - see "laying points:". Cover - A team is said to cover the spread if either 1 it is favored and wins by a greater margin than the spread, e. Backdoor Cover - A backdoor cover typically describes a scenario where the underdog scores a late touchdown that's meaningless for purposes of deciding the actual game, but that changes the result against the spread ATS.
For example, let's say the Steelers were point favorites over the Raiders and are leading by 20 with one minute left in the game. The Raiders mount a drive and on the last play score a touchdown and kick the extra point to cut the final margin to The Raiders had no chance to win the game on that final drive, but their last-minute touchdown allowed them to cover the spread.
Anyone who bet the Steelers minus 14 lost money, and anyone who had the Raiders plus 14 won money as a result, when the Steelers had the game salted away and were set to cover before the meaningless last-second score. Bad Beat - Similar to a backdoor cover, but a bad beat describes an even unluckier and less foreseeable loss against the spread.
For example, if you had the Raiders plus seven against the Steelers, and in the last minute, the Raiders were down only six and driving into Steelers' territory with a chance to win the game, but Derek Carr gets sacked, fumbles and the Steelers return it for a TD to win by In that case, the Steelers would cover, but it was a "bad beat" if you had the Raiders. Moneyline - The money line is an alternative way to bet on games wherein instead of getting points with the underdog, you get odds.
Or instead of laying points with the favorite, you're laying odds. You don't have to worry about the margin of victory in this case, only who wins the game outright. But if you take the favorite the team more likely to win you risk a lot to win a little. If you take the underdog the team less likely to win you risk a little to win a lot, but it's less likely to happen. You might notice that you're risking with the Steelers and only getting 3.
That's by design, or course, and it's the way in which the Sportsbook exacts its vig on moneyline bets, i. The way the moneyline makes the most sense is to base it on units of True Odds - the payout you should get for your expected return to be zero over the long haul, i.
For example, the true odds on a coin flip are , i. In the long run, with a fair coin, you would break even. This would be a fair bet. It can also be thought of as the vig-less odds, wherein, for example, you'd only need to win 50 percent of your bets to break even against the spread rather than Pick 'em - a game where the point spread is zero, i.
Even-Money - An "even-money" bet means you're risking exactly as much as you stand to profit. Push - A tie. If the Steelers are favored by seven over the Raiders, and the Steelers win by seven, it's considered a "push," meaning all bettors get their money back, and the Sportsbook is deprived of its rake.