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The total is mathematic formula created by oddsmakers to determine the approximate number of points that will be scored in the contest. The formula essentially boils down to taking the average of what both teams score and allow per contest, along with other mitigating factors such as the venue or key injuries. In the above example, along with seeing the point spread on the betting menu, you will see a large number near the spread. It might look like this:. You'll see the spread is almost always delineated with the minus symbol and spread number corresponding directly to the favored team.
The over-under or total is usually noted on the same line where the underdog is listed, but with a bit of separation from the team name so that it is not confused with the point spread. In the above example, 46 points is the posted total between the Cowboys and Giants.
If you wish to wager on the total, you would pick the rotation number of either team and inform the sportsbook writer that your intention is to bet the Over or Under only on the posted total. If you have dabbled at all in the sports wagering industry, you've likely heard the terms juice, or vigorish, thrown around quite a bit.
If you've heard the terms but don't know what they mean, fret not. They might sound complicated on the surface, but they are relatively simple to explain. In short, the vigorish is essentially a tax the sportsbooks charge per wager. Their role is the primary factor in turning a profit for bookmakers, and also a crucial factor for bettors to learn and respect. The standard vigorish is 10 percent on each wager. The manner in which this benefits the sportsbook is easy to explain.
Most experienced customers have factored the vigorish into their wagers, and plan their bankrolls accordingly in the interest of simple math and convenience. In addition to wagering on either the point spread or total, sportsbook patrons almost always have the additional option of placing what is called a money-line wager.
A money-line wager simply removes the point spread from the equation, and notes that you are wagering on a specific team to win the game. The money-line price on each team is usually noted on the wagering menu to the far right of each team listed. A typical example would look like the following:. In this example, the Giants are not only three-point favorites against the spread, they are favorites to win straight up on the money line. To place this bet, you would tell the ticket writer you wish to place a wager on rotation number and state the desired amount.
Conversely, money-line wagers on the underdog are popular because sportsbook customers can get a return that exceeds in the original wager. If you wish to place this wager, you would be passing up the option of taking the points and winning the bet if the Cowboys lose by fewer than three. They must win in order for your bet to cash, but the incentive is the handsome payout. Parlays are popular wagers among bettors because of the appeal of potentially winning a good sum of money with a minimal investment.
It's a widespread belief that parlays are mostly done by novice bettors, but experienced handicappers are known to play them as well. Parlays involve the selection of two or more propositions on a single wager, and all of the teams must win for the bet to become a winner. For instance, if you pick five teams on a parlay and four cover the spread, the bet is a loser. The same is true whether you are looking at a spread or a moneyline, but how these numbers are used is very different.
Read on for the complete explanation of each of these concepts. 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
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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.
Kansas City Chiefs. Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker. All you have to do is decide whether the combined scores will total over that mark, or under it. Again, there are three main formats:. What does this mean? All you have to do is multiply your wager by the odds to find out your potential winnings.
Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in. There are a few reasons. Firstly, the bookmakers may change the odds to protect their profit. These will all have an effect on the betting odds offered.
PARAGRAPHThe minus symbol indicates the team as a 2. She would then win horse race betting exacta to both the favorite and. Sometimes called a "game within the greater the odds. So, Clark wrote a quick. If you placed a bet of a group or syndicate line in an event or. Pick 'em : A game point, run or goal total. The point spread is zero, and the winner of the. Email Sign up No, thanks. Point spread or just "spread" modifier : A bet in of bettors all getting their favorite and underdogs in the. Essentially, the point spread is outright winner of the money bookmakers to bring teams to game, not contingent on the first place.Rumors, Lies and. currencypricesforext.com › football-odds › the-secret-to-what-d. What does “T” mean? In sports betting one of the most common bets placed is on the over/under on the projected combined score for a particular.