In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor). What is Probability? At the most basic level, betting provides you with the ability to predict the outcome of a certain event.
'Wait, why does this NFL team have a -235 next to its name? What's with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!'
- The moneyline on the Bengals is +150 which means that a $100 bet on the Bengals would win $150, if the Bengals win the game. Of course when you bet $100 on the money line bet and win $150, you will receive $250 on payout. Spread betting or point spread betting. Spread bet is a bet.
- A -1400 number means that a team has a 93.46% chance of winning, while a -145 number means that they have a 59.17% chance of winning.Now, let's look at the opposite - what does it means if an odds number has a plus sign in front of it? This means that the team or person is an underdog to win, which means that they are not the favourite.
If that sounds like you, we're here to assist you. If you've stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don't worry. It's not just you. Those numbers can be confounding.
But hopefully, once you're done reading this, you'll completely understand how they work. As you prepare to dive into the world of sports betting, here's a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That's where point spreads come in. Let's look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They're the underdogs.
Now, sometimes the spread 'moves' during the days leading up to the game. Perhaps the Eagles' spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see 'PK' or 'pick' next to a team, it means there's no spread and you can bet on who will win, no matter what the score is.
Moneylines
Let's take that same example above but use moneylines:
Philadelphia Eagles (-200)
New York Giants (+150)
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
The Giants are the underdogs. If they're +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
If you're betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots — 3/1
300 odds. Baltimore Ravens — 5/1
Kansas City Chiefs — 8/1
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you'd win $150 (plus your original wager) back.
Good luck!
While not as popular as betting against the point spread in sports gambling, betting the 'over/under' isn't that far behind. Sometimes you may see this as O/U, over-under, over under or simply referred to as 'the over' or 'the under.'
What does over under mean in betting?
Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Sports like baseball and hockey offer over/under options, but the vast majority of bets on those sports in based on the established 'money line' to pick a winner at a set price.
Unlike a point spread bet in which you are aligning yourself with one team, you're betting on both teams – either their offenses or the defenses – when betting the over/under. Sports books set over/under scores on games based upon numerous factors.
In the NFL, most over/under scores are set in the low-to-mid 40s.In college football, over/under scores are usually in the high-40 to low 50s – in the Big 12, the land that defense forgot, it can hit the 60s.In the NBA, a typical over/under tends to hover in the 210 range. In college basketball, a standard over/under is between 140 and 155.The hidden factors that come into play in determining a point spread vary by sport, but have common themes. Recent team history is a primary factor that sports books like to exploit. Sports by their nature are a reflective business based on developing trends from previous games ('getting on a roll') and, if a football team has scored 40-plus points in three straight games, the over/under is going to be higher because sports bettors tend to believe that trends are going to continue. It's human nature…until they don't.
If a critical player – a quarterback in football or a dominant scorer in basketball – is out or playing injured, the over/under will drop. Three card poker payout.
Other factors critical in setting the over/under number include weather (where applicable), an undefinable history between teams (you know Steelers-Ravens games are going to be physical bloodbaths) and injuries that may not jump out to casual fans that mean a lot sports books are all factors that go into creating and setting an over/under line that will draw an even number of fans to both sides of the number.
What Does Nd Mean In Betting
'Wait, why does this NFL team have a -235 next to its name? What's with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!'
- The moneyline on the Bengals is +150 which means that a $100 bet on the Bengals would win $150, if the Bengals win the game. Of course when you bet $100 on the money line bet and win $150, you will receive $250 on payout. Spread betting or point spread betting. Spread bet is a bet.
- A -1400 number means that a team has a 93.46% chance of winning, while a -145 number means that they have a 59.17% chance of winning.Now, let's look at the opposite - what does it means if an odds number has a plus sign in front of it? This means that the team or person is an underdog to win, which means that they are not the favourite.
If that sounds like you, we're here to assist you. If you've stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don't worry. It's not just you. Those numbers can be confounding.
But hopefully, once you're done reading this, you'll completely understand how they work. As you prepare to dive into the world of sports betting, here's a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That's where point spreads come in. Let's look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They're the underdogs.
Now, sometimes the spread 'moves' during the days leading up to the game. Perhaps the Eagles' spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see 'PK' or 'pick' next to a team, it means there's no spread and you can bet on who will win, no matter what the score is.
Moneylines
Let's take that same example above but use moneylines:
Philadelphia Eagles (-200)
New York Giants (+150)
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
The Giants are the underdogs. If they're +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
If you're betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots — 3/1
300 odds. Baltimore Ravens — 5/1
Kansas City Chiefs — 8/1
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you'd win $150 (plus your original wager) back.
Good luck!
While not as popular as betting against the point spread in sports gambling, betting the 'over/under' isn't that far behind. Sometimes you may see this as O/U, over-under, over under or simply referred to as 'the over' or 'the under.'
What does over under mean in betting?
Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Sports like baseball and hockey offer over/under options, but the vast majority of bets on those sports in based on the established 'money line' to pick a winner at a set price.
Unlike a point spread bet in which you are aligning yourself with one team, you're betting on both teams – either their offenses or the defenses – when betting the over/under. Sports books set over/under scores on games based upon numerous factors.
In the NFL, most over/under scores are set in the low-to-mid 40s.In college football, over/under scores are usually in the high-40 to low 50s – in the Big 12, the land that defense forgot, it can hit the 60s.In the NBA, a typical over/under tends to hover in the 210 range. In college basketball, a standard over/under is between 140 and 155.The hidden factors that come into play in determining a point spread vary by sport, but have common themes. Recent team history is a primary factor that sports books like to exploit. Sports by their nature are a reflective business based on developing trends from previous games ('getting on a roll') and, if a football team has scored 40-plus points in three straight games, the over/under is going to be higher because sports bettors tend to believe that trends are going to continue. It's human nature…until they don't.
If a critical player – a quarterback in football or a dominant scorer in basketball – is out or playing injured, the over/under will drop. Three card poker payout.
Other factors critical in setting the over/under number include weather (where applicable), an undefinable history between teams (you know Steelers-Ravens games are going to be physical bloodbaths) and injuries that may not jump out to casual fans that mean a lot sports books are all factors that go into creating and setting an over/under line that will draw an even number of fans to both sides of the number.
What Does Nd Mean In Betting
The key to betting the over/under is to look at a slate of games without knowing what the over/under is and set what you believe it should be based on your knowledge of those two teams. The ones that differ the most from what you think should be are the ones to place your bets on.
What Does + And - Mean In Betting
One final note that has been a mantra of those who bet the over/under with some consistency – every game is under until it goes over.
What Does Spread Mean Betting
If you're new to sports betting, start with picking and choosing games you're convinced should go under and get an understanding of how late-game fireworks can botch your plans.
