spread betting on football explained

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Spread betting on football explained fxcm uk spread betting

Spread betting on football explained

When making a baseball bet, you are betting team vs. You have the option to specify that either or both listed pitchers must start the game. Since baseball odds are determined on starting pitchers, any late pitching changes often force an adjustment in the odds.

This will increase or decrease the payout on a winning ticket. However, if you list starting pitchers, and your pitcher doesn't start, then the bet is refunded. To bet on basketball, 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 basketball, the team you bet on must "cover the spread.

The point spread is always placed to the immediate right of the team that is favored. In this example, if you bet the Bulls, the Bulls must win by 4 points for you to win your bet. If you bet the Lakers, any of the following will declare you a winner. If the Bulls win by exactly 3 points then the wager is declared a push and all money is refunded. Point spreads change constantly. The listed point spread the time you make your bet may be different from the point spread when the game starts.

The point spread that is listed on your ticket is your official spread. It makes no difference which team covers the spread. Simply add the final score of each team. 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. The stronger team or player will be favored by a certain number of points, depending on the perceived gap in ability between the two teams.

The Ohio State Buckeyes are You can read more about how to read American odds , but the number next to the spread is the juice associated with that bet. When betting moneylines — which requires you to pick the winner straight-up — you can get bigger payouts because the likelihood of the worse team winning the game outright is much lower than it just covering the spread.

In the above example, Ohio State winning by 7 points or more as a What does it mean when a team is ATS this season? Sports Betting. Best Books. Pictured: Travis Kelce. Steve Petrella. Download App. What Is a Point Spread?

Click a section to jump ahead. Point Spread Definition 2. Point Spread Examples, How it Works 3. What Does Mean Next to the Spread?

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This allows wagers on favourites to cover the spread to payout much more than money lines and also allows wagers on underdogs to have an equal chance of winning. NFL spread betting is very easy to understand and this page will explain it in detail. In NFL spread betting the oddsmakers set a number of points that one team is favoured by in the game. This is also known as the games handicap. For a wager on the favourite to payout the favoured team must win the game by more points than the spread amount.

This is known as covering the spread. For a wager on the underdog to win, the team must either win the game straight up or lose be fewer points than the spread. This is known as beating the spread. Download App. What Is a Point Spread? Click a section to jump ahead.

Point Spread Definition 2. Point Spread Examples, How it Works 3. What Does Mean Next to the Spread? A minus sign - means that team is the favorite. The Buckeyes need to win by 7 points or more for their bettors to win. Read now. Top Offers. Bet Over 0 in Lakers-Nuggets. Follow Us On Social. Sportsbook Reviews. Sports Betting Calculators. How to Bet On Sports. Betting Education.

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If one were to bet on the Bears, the Bears would have to win outright or lose by no less than 6 points for the bettor to win. A 7 point victory by the Colts would equal a push or tie. Are you new to Sports Betting? If you are or, if you just want to try betting an unfamiliar sport, here are some guides to help you out! What is a Point Spread or Side Bet? Thanks to changes in state law, Indiana residents and those visiting the state can now go place sports bets Coronavirus and Sports Betting Monday, 01 February There are no half points in football, so in the example, betting on the Packers means they must win by 5 or more points for the bet to be won.

Betting on the Vikings means they can win outright or lose by 4 or fewer points to have a winning wager. Again, both examples mean the same thing. However, this margin of victory is possible since it includes a whole number. To win a bet on the Cowboys in this point spread, they must win by 7 or more points, and to win a bet on the Giants, they must win outright or lose by no more than 5 points. If the outcome of the game ends with the Cowboys winning by exactly 6 points, the sportsbook refunds all bets, since neither side won.

To win a bet when this happens, you only must pick which team will win the game without factoring in a margin of victory. The bottom team is always the home team, and as stated above, the negative number indicates the favorite. In terms of odds in the point spread, positive numbers are rare, since the sportsbook is already giving you points in the margin of victory for picking the underdog.

The odds are determined as a percentage. Here are some other examples:. Both land-based and online sportsbooks hire oddsmakers and have algorithms to determine the initial point spread. The goal of a sportsbook is to set the line perfectly and encourage the same amount of money to be placed on both football teams, which will guarantee a profit regardless of the winner. Here is what the sportsbook would see:.

If Michigan, the underdog, wins then the sportsbook makes a huge profit, but if Ohio State, the favorite, wins then the sportsbook will suffer a major loss. The next day, the spread might change to look like this:. Now, not only is Michigan given a larger point spread, but they are given better odds and payout. This goes both ways too.

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American Odds are also known as Moneyline Odds. They are shown as either positive odds or negative odds. Plus, the Los Angeles Lakers have odds. Plus, most sportsbooks will have American Odds listed. But, you will want to understand the other odds that you may find on sportsbooks both retail and online. So, now that you understand the different types of odds, you will need to learn more before placing your bets. Understanding how to calculate implied probability is especially important.

This way, you will know the likelihood of certain outcomes in sports betting. When you want to calculate the implied probability using positive American Odds, it should be pretty easy. So, with the odds from the American Odds example above, here is an illustration of how that would work. This means that the implied probability that the Boston Celtics will win the game is 0.

Accordingly, bookmakers believe the Boston Celtics have a Now, the steps are different to calculate the implied probability for negative American odds. But, they are still fairly simple. So this means that the implied probability is 0. This means that the Los Angeles Lakers have a If you want, you can place your wager on the underdog, or the team most likely to lose.

This is known as betting against the odds. This is the original amount that you wagered, plus profit. And, it is quite a profit. As you can see, betting against the odds can earn you quite a profit. However, the odds of this type of bet paying off are much lower than if you bet on the team favored to win. So, you should only bet against the odds when you are fairly certain you will win. Fractional Odds tend to be found more often in Europe than in the United States. Typically, they are popularly used in United Kingdom horse race betting.

Fractional odds show that you will receive your profits in proportion to your stake. Here, we will use the same sports game example from above to illustrate Fractional Odds. This means that for every three dollars you wager, you will get a profit of four dollars. So, it is lucky that they are not used as often as the other odds in the United States. However, it is still important to understand them. Finally, we have reached our third type of odds that we will be exploring.

Decimal Odds are a type of odds that are very popular. You can find Decimal Odds used in countries around the globe. Many sportsbooks that you will find online will use Decimal Odds. Now, this sounds more complicated than it actually is.

So, we will use the same sporting event example from above to illustrate decimal odds. So, say the Boston Celtics have 3. So, as illustrated above, decimal odds are pretty easy to understand. And, they are easy to calculate. That makes decimal odds a pretty easy yet important odds type to understand.

In order to place bets that will be profitable, you should only put down your money when there is value. So, we can illustrate this using our example from above. That means we should only place a wager if we can tell a team has better odds to win than are shown by the odds. So, if you think the Lakers have a better chance to win than Or, if you think the Celtics have a better chance to win than Now, you have learned about the three most popular types of odds. And, each type of odds has its own meaning.

Plus, you have learned how to use these types of odds to your benefit. And, you now know how to calculate implied probability. So, you can use these tools to place the best wagers available. But, you should still make sure to do your research before placing your bets.

You will want to know specifics about the teams and sporting events involved. That way, you can decide when to bet against the odds. However, now that you have all this information, you are more prepared to jump into sports betting. Plus, you should be able to calculate the amount of profit you can earn with your bets. And, that will make you the best bettor that you can be. Gambling Problem? 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:. They want you to start hitting those machines and will pay you to do so.

You are likely to find that there are some sportsbooks out there that will allow you to bet on the NFL without having to deposit any money at all. This gives you a chance to get used to their system without spending any of your own money. Many sites will offer you a one-to-one return on your deposit when betting on the NFL for the first time. If you are able to deposit a great deal of money at first, you may want to look at one of these sites.

These types of bets are just what they sound like. You are able to make wagers on NFL games without having to put any money into it all. You win if you made the right NFL picks. Some sites will offer you bonuses for referring customers to them. By providing email addresses or by people signing up and using you as a reference, you can make money.

Promotions are not the only reason to choose a particular website, however. Most of these online betting sites have experienced oddsmakers on hand which can provide you with quality picks. They will look at the NFL betting lines, and recommend what they believe to be the best selections of the week based upon the football odds.

We want to leave you with two final tips. Before jumping into online football betting, it is important that you get a little practice in. Just as those amazing athletes need to get themselves ready for the upcoming season, get yourself ready. If you are going to bet on NFL games, do a couple of practice weeks. Decide that you will practice with the NFL odds to see how good you are at betting. Choose games that you are sure you would win at, and see how good you do.

In addition, try not to bet with your heart. We all have our favorite teams and our favorite players, but when you decide that this is how you are going to bet, you may lose more than you win.