What Does “plus” And “minus” Mean In Sports Betting?
Total – The combined amount of runs, points or goals scored by both teams during the game, including overtime. Tie – A wager in which no money is lost or won because the teams’ scores were equal to the number of points in the given pointspread. Straight-up – Winning the game without any regard to the pointspread; a money-line bet. Run line – In baseball, a spread used instead of the money line.
Let us put it in the table below and calculate the odds for all possible outcomes. Teaser bets are usually available for basketball and football events. A teaser allows bettors to combine their bets on two different games and adjust the point spreads for the two games. However, the better will see a lower return in the event that their teams win. Generally, totals betting lines are numbers ending with a half-point (.5), but in rare cases oddsmakers set the total as a whole number.
For those that are bored with football betting slips, apps are the future! Other than operating on a smaller screen, there won’t be much difference between navigating your usual betting website and its mobile counterpart. The biggest change is that your bet slip won’t be visible on screen at all times. Instead, your bet slip will be a small bubble in the corner that adds a number every time you select another event. To view your bet slip and place a wager, merely touch the bubble.
Seeing just a decimal number may seem confusing if you’re still figuring out how do odds work. However, this format is really the most straightforward when it comes to how to read odds. If you think the Chicago Bulls are undervalued and have a much higher chance of winning, then betting on them makes sense. Look up odds in Wiktionary, the free dictionary.Odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. In our next part we’ll cover the various types of sports bet there are.
They have gained popularity thanks to huge winning bets going viral on social media. As long as the books allow them, bettors can take advantage of rare +EV parlays. Most sportsbooks have blocks in place to prevent bettors placing very obviously correlated parlays – something like Patrick Mahomes over 3.5 touchdowns with the Chiefs’ team total over. Link a bunch of winning bets together, and they win more money.
5/3 odds equates to a +166 money line bet, meaning a $100 bet would return $266 (your original $100 bet plus $166). Most payouts for Over/Under bets are even, meaning that if you wager $100 you win $100 profit.Make sure to check this with your bookie first, however. If the score is exactly what the bookies set, then the bet is a push and everyone gets their money back.