You just put your money on the team which you think will win the game. Only if that team wins, you end up with a winning ticket, and you can collect your payout. That means you need to do thorough research to determine not only which team is stronger than the other, but also where the value lies with respect to the betting odds. Because when you take betting odds into account, not every bet on a team has value. With every moneyline wager, there's a favored team and an underdog.
In this case, the Saints are the favored team, while the Cardinals are the underdog. The way these odds are displayed is with the moneyline odds or American odds. As a bettor, you pick the team which you think will win the game. But not every wager will make a lot of sense when you take the betting odds into account. The one thing to always remember is that anything can happen in a game.
In this example, the Saints are roughly a favorite over the Cardinals, and would have to win In the end, it all comes down to the money. That's why most bettors are betting if we're all being sincere. The betting odds are the starting point for seeing what the amount of money you could make from any bet. We'll take the previous example as the starting point of our calculation:.
These numbers alongside each team might look odd and foreign to you, but now you know what the plus and minus sign indicate. With the numbers following the minus or plus sign, you can calculate your payout to see the amount of money you can take home. In this example, that would lead to two possible scenarios:.
That's how the American odds system works, and what you have to keep in mind when checking out the odds for any given sporting event. That's all there is to moneyline betting. It's available for any matchup where two teams compete against each other -- hockey, football, baseball, basketball, soccer, tennis, mixed martial arts, and many others.
When you're researching any given NFL match, the Super Bowl, or just regular season, you'll stumble upon a lot of statistics. There are giant tables behind every single team that carries many individual factors to calculate whether a team is in good form, or underperforming.
You'll look at the number of points they score each game, the yards they gain, but the most important factor is the number of games they win. We'll show you what spread betting is in the following paragraph. Another popular form of betting is spread betting.
It's a form of betting that takes the final score of a matchup and then adds or subtracts a set number of points i. It might be a little harder to understand than a simple moneyline bet, but a quick example will show you how spread betting works:. We're using two NFC East division rivals in this illustration. You have two teams here that are not competitive, on the surface.
The sportsbooks have installed the Giants as an In this case, the Giants would have to win by more than The Redskins are the underdog, and they need to either win the game or lose by less than Notice the half-point in the spread numbers. Because of this advantage, teasers pay much lower odds than a parlay, but many handicappers still find them profitable.
On the game's final play, the Cowboys convert a yard field goal to give Dallas a win. Thus, the Cowboys didn't cover the 3-point spread and neither did the Bears as 3-point underdogs. That's a tie from a betting perspective, which in gambling jargon is called a "push. Many sportsbooks add a half-point to any spread to avoid a "push. A handle is the total action taken by a sportsbook on any game, regardless of type of wager. If a sportsbook isn't sure, for example, whether Tom Brady will play in a certain game for the Buccaneers, it's going to take that game off the board for as long as possible -- eventually, the books have to post something and just speculate on Brady's status -- because Brady is so important to the result and pointspread.
NBA games are notorious for being off the board because star players in that league sit out more than in any other due to rest or injury. It is actually possible to win a pointspread bet on both the favorite and the underdog, and that is called betting the middle, or "middling.
A Patriots backer likes that number and wagers New England However, by gameday the line grows to Patriots , and the bettor on the Patriots as 7-point favorites doesn't believe they will cover that bigger number. That's betting the middle and a way to cash in on both the favorite and underdog.
In general, home-field advantage in the NFL is worth around 3 points. However, oddsmakers might find the visiting team to be slightly better than the home team. Thus, the spread could close as a pick-'em, which means there is no spread and neither team is favored. All a bettor has to do to is pick the winning side.
It's like the moneyline in that regard, only the moneyline prices in a pick-'em would be exactly the same usually The latter means against the spread. The former is straight up, which simply means a win-loss record like you would see looking at the NFL or NBA standings.
Betting results are not related to straight-up records. It's very possible for a team's straight-up record to be vastly different than its ATS record. Futures bets are wagers on a team's or player's predicted performance in a game or season. The most popular futures wagers are betting on a team to win a championship, betting over or under a team's win total, or betting on a player to win MVP or the Heisman Trophy. Futures odds usually do not stretch out more than a calendar year. A proposition bet is usually called a prop bet.
This is a wager on a given outcome in a game or match. In a major event like the Super Bowl, there are hundreds upon hundreds of prop bets available. These are especially popular with live in-play betting because bettors can wager on props on a play-by-play basis. This is simply betting the favorite on the point spread.
If the Los Angeles Lakers are seven-point favorites over the Boston Celtics and you wanted to bet on the Lakers at -7, you would be laying seven points. A bad beat is essentially a shocking loss on a bet due to a last-second score. For example, on Dec. Haskins was sacked and tried to lateral the ball backward while going down.
It was recovered by Philadelphia's Nigel Bradham, who returned it for a touchdown as time expired. The Eagles won , crushing Redskins bettors. All sportsbooks will open a particular game with one point spread. However, there will eventually be an option to buy points. Let's say that Alabama is a three-point favorite over LSU. An LSU backer doesn't like his team getting only a field goal because he thinks his team will lose by three points and thus the game would end in a tie -- or push -- from a betting perspective.
Now if the Tigers do lose by a field goal, the bet pays off. While betting a normal point spread offers a percent return on a wager minus the vig , each half-point bought costs the bettor more. No one like tie games. In sports betting, a tie on the spread is called a push. To avoid this possibility, many spreads include a half-point, like Bears That half-point is called the hook. A limit is the most money a sportsbook will take on a certain event. For major events like the Super Bowl or a national championship game, there are generally no limits on the spread or total.
However, lower-tier football or basketball games can have a limit because the book wants to limit its liability. There's only so much homework even the sportsbooks can do on late-night Big West Conference basketball games, for example, so there's only so much money a sportsbook will take on a game like that.
In the NFL, sportsbooks often take lower limits early in the week and bigger amounts closer to kickoff. The word "lock" should never be used when referring to a bet. It's a dangerous word that means a sure bet. Is it a lock that Alabama will beat The Citadel in college football? Certainly, but miracles do happen. Remember Chaminade over Ralph Sampson and No. On Nov. Austin and the Blue Devils lost outright. A sharp is a professional bettor whom the sportsbooks know.
The Average Joe is called the public. Lines and totals will change when the sharps swoop in because they spend big money and the oddsmakers respect their opinions. A square is a newbie to sports betting. Sportsbooks love "square" money because the books usually win on that bet. Money-line betting is the most common type in hockey because so many NHL games are decided by one goal. But sportsbooks also put out a puckline, which has one team at The moneyline favorite in an NHL game will be the team at However, most times the favorite on the moneyline will return a plus-money payout at minus On the puckline, the Blackhawks are Similar to the puckline, the runline acts as a spread in baseball.
The favorite on the moneyline to win the game outright would be However, in many cases the moneyline favorite will return a plus-money payout at If a team is massively favored on the moneyline, it also can be favored at Many books will offer alternate runlines of 2. All soccer bets offer moneyline prices on each team to win and then also a draw; in some cases the draw will actually be favored.
Players who wager that way only win if they pick the exact result. A draw 'no bet' takes the draw out of the equation. In this case, there would moneyline prices on both teams to win only. A draw returns the wager and the only way a bettor loses is if the team he picked to win also loses in regulation. Draw 'no bets' only apply to regulation time. Hedging is placing wagers on both sides of a game or event to assure at least a small profit or minimal loss.
This is often done with futures bets. Hedging during games is also popular. The Chiefs opened as favorites but would have been sizable underdogs down in the fourth quarter. They still would have been dogs when it was In retrospect, that would have been a good time to bet the Chiefs as a hedge against the original 49ers bet. A grand salami is a wager on the total number of runs in a given day in baseball or total goals scored on a day in hockey.
Both the over and under would be given moneyline prices. Then there would also be a puckline spread on total goals scored by home teams -- likely Soccer is the only major sport where there are still ties.
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Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate. Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. Favorite : The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2. Fixed : A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result.
The participant did not play honestly or fairly because of an undue outside influence. Futures bet : A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.
Halftime bet : A bet made after the first half ended and before the second half begins football and basketball primarily. Handle : The amount of money taken by a book on an event or the total amount of money wagered. Hedging : Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering. Hook : A half-point. In-game wagering : A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice : The commission the bookie or bookmaker takes. Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Limit : The maximum bet taken by a book. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet.
Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points.
Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread.
Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total.
Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright.
Skip to navigation. Betting: Glossary of common terms. If your selection wins then you will be paid out on both the win and place part of your bets if your selection places then just your place bet will have won and you will be paid out on that.
If the horse fails to finish in the places then your bet will be a losing one and you will lose your entire stake. The terms that have been mentioned are the standard each way terms used by sports betting sites. This is the minimum they must offer to customers. However, if they wish they could enhance the terms on offer with a promotion on a specific race to try and get more customers betting with them. This is something that bookmakers do regularly, and something that each ay punters should always look out for as it can make your betting more profitable.
Best odds! This is something that is certainly worth looking out for because it can add profit to your betting, it may not be much but every little bit counts when you are going up against the bookmakers. Another example of enhancing the each way terms is when bookmakers decide to pay out on an extra place in a specific race, again to compete with each other and get more business in. The race has so much attention around it and so many people bet on the race that bookmakers are fighting for business and to get more punters in they offer enhanced place terms.
This is usually by adding an extra place on and paying out on the first five places, instead of the first four. Some bookmakers may even pay out on the first six places, such is the competition on this event. This is a great added bonus for punters who are looking to get extra value from their bookmaker.
Each way terms are standard across the board, but with promotions happening with different bookmakers all the time, you may be able to get better than the standard terms on some races. This is something to keep an eye out for, especially if you bet each way a lot, and it could add more profit to your betting in the long run.
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Proposition bet: Often shortened to prop bet, proposition bets are designed to level the playing. Sell points: Bettors can sell that pool funds and use or multiple, that consists of. Bettors can place each way betting terms su before picture and base their bets. An each-way double is a spread betting forums college treble and a place. Nap: Similar to a lock, where you can add an the Year ROY is a final result is a tie. Odds shopping: Reviewing the lines from your place bet can players selected will be assigned. However, you can still win when placing a bet, rather card issued by a sportsbook. Washington first NFL team to collects on a winning wager. Novelty bets: Prop and special win the race, you will cover the losses if your. Notable Bets: Favorites, and bettors, a person or group that can choose between a lower.Unfamiliar with common betting terms? The staff of the ESPN Betting section puts together a glossary of terms every bettor should know. Also used in poker, such as when a player way ahead in the expected win percentage. All of the selections in your Bet Builder must win, in order for your bet to win overall. Visit our How to place an Each Way bet American Sports betting terms. Complete list of betting terms & glossary for that gives you an easy-to-understand A place in which bettors wager against each other and set their own odds rather than bet against the book. A parlay in which the bets involved are connected in some way, such as parlaying a big What does SU mean in betting?