How To Read Odds & Bet On Sports
You may also note the bet price is not -110 like we have seen before. It is common practice by sportsbooks to adjust prices on or around key numbers for spreads and totals, especially in football. If you bet on the Jets +7, they must either win the game outright or lose by 6 points or less.
The return is determined based on the odds of the selections, the bet type and the wagered amount. A Point Spread for hockey listed with a line of 1.5 goals either side and the associated odds between the favorite and the underdog. Potential Win is the amount that would be returned to you on a placed wager, prior to settlement or results being known. The potential win is determined based on the odds of the selections, the bet type and the wagered amount. A pick’em is a betting offer in which there is no favorite or underdog.
While the sportsbooks set the lines, bettors do play a part. Just like the stock market, these markets react to the amount of buy-in action. Just like point spread odds, sportsbooks use point total lines to “even the odds” when the competitive difference between one athlete/team in a contest and the other is significant. That doesn’t mean these bets are impossible to win, however.
That’s when the point spread comes into play, as the oddsmakers will set a line where there is a margin of victory. The over/under or totals bet is offered on most major sportsbook markets but it is most popular in higher scoring sports like basketball or football. For each game, the total number is set by the sportsbooks along with odds on both under and over. A moneyline bet is on a team to win the game outright 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.
Or betting the over with two coaches who love to play conservatively and immediately go in to protect when they get a lead would be a silly bet. Ever see two teams you despise and just wish there was a way you could root against both of them? Or maybe both of your favorite teams are playing, and you wish you could root for both of them to do well. Well, over/under bets give you that unique entertainment opportunity where you can bet against both teams or for both teams. This also makes the under bet easier to win, as the teams can score more points, and you’d still win that bet.
Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker. Most NFL football over/under totals will range between 37 and 54, with an average number right around 44 points. If two high-scoring teams with poor defenses are playing each other, the total may be higher.
If we go back to the same example and the San Francisco Giants are taking on the Dallas Cowboys with totals of 45.5, there is always going to be a clear winner in this type of bet. They will adjust based on the bets people are placing (“action”), especially bettors that a bookmaker knows to be “sharper” . Winning long-term is as much about getting the best price and good value, as it is being on the right side. For example if two people bet on the Chiefs to win the Super Bowl but John bet it one week before the Super Bowl at -130 and Joe waited until Sunday and got K.C. At -120, Joe is getting the better price and payout, percentage-wise.
If exactly 41 total points are scored in this game, both bets would be a tie. All bets would be returned, and you wouldn’t win or lose any money. For this reason, you’ll often find the totals line set at a half-point mark. So, instead of 41, you might see 41.5 or 40.5 as the line. When you begin researching totals betting opportunities, the primary goal is the same as with other sports wagering opportunities.