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Online sports betting explained lines

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online sports betting explained lines

If the odd is negative (-), it means that the outcome is more likely to happen, and placing a bet on that outcome would payout less than the amount you wagered. A moneyline bet is the simplest and most straightforward wager in all of sports betting. It is a bet that has potentially two or three outcomes depending on. When odds are expressed with a plus (+) or minus (–) symbol followed by a number. They are American money line odds; for example, + signifies the amount a. EARN BITCOIN IOS APP

Anyone betting on Detroit needs the Lions to lose by points or win the game. Eagles win by 7: Eagles bettors win Eagles win by 3: Lions bettors win Lions win by 3: Lions bettors win Point spreads are adjusted for team ability and many other factors. Spreads are available in every sport but most common in higher-scoring sports like basketball and football.

Still confused? Check out this video breaking down point spreads. Moneylines The second way to bet on a favorite or an underdog is on the moneyline. A moneyline bet requires you to just pick the winner of the game, and uses American odds to calculate the payout. Back to Colts-Texans. Oddsmakers believe Indianapolis is the much stronger team. So to bet the Colts just to win the game, you need to risk a substantial amount. Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer.

Bettors can then wager on whether or not the game will go over or under the total. Eagles-Lions has a total of 46 — about average for an NFL game. Tom Brady over or under With many bets, you may see two numbers — a spread like NFL spreads will usually be on both sides.

Oddsmakers will set the lines according to the implied probability of either outcome happening. Second, sports betting odds dictate how much money a bettor needs to wager to make a certain profit. Odds are displayed in one of three ways: American, decimal or fractional fashion.

However, sports betting odds reflect just one part of the betting process. What Are the Lines? If you bet the Celtics -5, they would need to win by more than five points for the bet to win. Sports betting odds and lines come from sportsbooks and are offered to the consumer. The odds can come from a third-party firm, such as Kambi Group, or through in-house development.

Sportsbooks that use the same third party for their odds typically have identical lines for many markets, but various promotions often alter lines. Who Sets the Odds for Sports Betting? Sportsbooks typically have a head oddsmaker who sets the odds and lines for games and events.

This oddsmaker relies on sources such as computer algorithms, power rankings and outside consultants to set precise lines. There are three ways to present odds.

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