How To Read Odds
Even if you were to place a new bet on another NFL game and bet $110 and win $100, the bookmaker still gets to keep that additional $10 and end up ahead. Sometimes, the bookmaker will not show the odds for the underdog, but it is assumed to be the opposite number of the favorite. If you see -6.5 (-108), then you only need to bet $108 to win $100.
The New Orleans Saints have remained within the 3.5-point spread. Many bettors can identify a point spread, but they don’t exactly know what it means. This guide is filled with many useful betting tips to help you understand point spreads, puck lines, money lines, and run lines. If this game were to end for Cincinnati, neither team covered the spread and will be considered a push. In this circumstance, you’d be given your money back like the bet never happened. The negative number indicates how much you’d need to bet to win $100.
When betting on a favorite, the moneyline is the amount of money you need to spend to make $100 profit. In the previous example, in order to make $100 of profit betting for the Cowboys, you would need to spend $135. Like positive odds, you earn back your bet when winning.To calculate profit, divide 100 by the moneyline to find out the profit made per dollar spent. If the moneyline is -150, then you will make $.66 for every dollar you bet (100/150). Sometimes, you may see a point spread bet listed with odds of -105, -115, or even -120. In those cases, you would need to bet $105, $115, or $120, respectively, to win $100.
If you happen to see -6.5 (-103), then you only need to bet $103 to win $100. For instance, a round robin made up of three teams will consist of three two-team parlay bets. When looking at American odds, it’s important to remember that the results of some matches have a points spread attached to them. This applies to a variety of sports including NBA, NHL, NFL and MLB games.
For your bet to be successful, the 76ers need to win by at least 2 points. 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. In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. With the money line you just have to hope your team wins rather than cover a point spread.
If Detroit were to win 27-20, Lions bettors would win their wager. If the Chiefs were to win the game by any score and you picked the Chiefs you would win not including the extra six points. If the Lions were to win, 20-14, it would be exactly six and a push, so you would get your money back. In a betting line between two teams, the team expected to win, or the favorite, will have minus or negative odds. This means for every dollar wagered, you will earn less than a dollar if your bet wins.
If the final score is Philadelphia Eagles Miami Dolphins, there are 9 points separating the teams. Clearly, Miami Dolphins have lost the game, but when we add +10 to the final score, it is Philadelphia Eagles Miami Dolphins. As a sports bettor, you are going to come across many different odds and stats. The point spread is one of the most common ways to reflect odds at a bookmaker. When a point spread is attached to a set of odds it means that for the bet to be successful the team must ‘cover the spread’.