How To Read Odds & Bet On Sports
A game with a spread will have a favorite and an underdog . A favorite “gives” points and is identified with a minus sign next to their point spread. The underdog “gets” points and is identified with a plus sign next to their point spread. Sometimes a line will move far enough to create a “middle” opportunity. Say the Texas Longhorns end up facing the Wisconsin Badgers in the first round of March Madness.
As moneyline odds change as previously mentioned, so does ATS lines. Once the sportsbooks receive more units on the Bills the line will be shifted down to deter additional bets on the Bills. Likewise, if more money is being placed on the Steelers the spread will increase to 5 or 5.5.
Remember, lines only move when people bet them in one direction or the other. The sportsbook might be well aware of the changing conditions, but they rarely are going to do anything about it until the bets start pouring in on the other side. In order to try and drive more action on the under, the sportsbook will adjust the totals line. Instead of it being 41, they might move it to 41.5 or even 42. Now, both teams have to collectively score more points in order for the over to win.
In this section, we’ll show you exactly what all the betting terminology and numbers mean, step by step. No matter what sport you’re planning to wager on, and regardless of whether one team is likely to dominate the other, you can bet on the total points line. If you are not familiar with this style of betting it might sound confusing at first. This is opposed to horse racing, or “parimutuel” betting, where the odds/prices change up until the gates open.
It means that the sportsbook considers the outcomes to be equally likely, and a $100 bet will pay $90.91 if it wins. The under bet is even money, meaning a winning bet would double the amount placed on the bet. However, the over is -120, meaning you’d have to bet $120 to win $100 (or $12 to win $10).
If you’re a rock star at picking winners but struggle to pin down how they’re going to get there, you might want to stick to moneyline and spread bets. If you’re a game flow wizard who stinks at picking winners, the over/under bet is your friend. Over/under bets are typically made when you have a prediction on the game flow of the game.
With our MLB over under example above, the Total set by the oddsmaker is 7.5. Both teams need to score a combined average under 7.5 for the Under bet to win, or over 7.5 for the Over bet to win. If the final score is 7.5, it’s a push and neither bet wins.
The sportsbooks balance their risk by setting different prices on each team. You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog. The stronger the favorite the less you will win, and vice versa.
If not, the gamblers who bet the point spread on the Spurs would win. The plus and minus sign are predictive of which team is more likely to win the game, straight-up. Of course, when the point spread is taken into account, the favorite and the underdog will each have close to a 50% chance of covering the spread.