How To Read Odds & Bet On Sports

That means if you bet $100 on the Jets, and they win, you would win $240. If the Jets lose, you are only out your original $100 wager. If you bet on the Patriots -7, they must win the game outright by more than 7 points. The point spread is the projected number of points that separate two teams.

Moneyline Betting Guide: What Is A Moneyline Bet And How Does It Work?

If so, you’ll need to decide which of the two teams you want to bet on. You’ll also need to decide if you want Unavailable For Legal Reasons to place a moneyline bet or a point spread bet. Handicap betting is often a popular alternative to the Money Line when there is a large disparity between the quality of two teams or competitors taking part in a match. Money Line betting is most prevalent in sports like baseball, tennis and UFC.

The Chiefs have been difficult to trust versus the number, posting a ATS (38%) mark over their last 26 regular season games overall. The Chiefs are a disappointing 1-10 ATS (9%) over their last 11 regular season home games dating to last season, including nine straight ATS home defeats and an 0-5 mark this year. Bettors also need to consider the impact of motivation in the NBA. The goal for teams in the NBA is to win as many games as they can while conserving as much energy as they can for the playoffs.

Which Sportsbook Offers The Best Nfl Moneyline Bets?

Betting sports in Vegas is likely going to be the option with the biggest learning curve. You will understand the odds after reading this article, but there are a few other rules and common practices you want to be familiar with that are specific to Vegas. But keep in mind that you still need to ensure it’s right for your specific circumstances. Don’t always just make a bet against the spread because the option is available to you. Underdogs rise up often in the college game, so pinpointing a handful of spots and attempting to cash in a few winners is also capable of yielding success. Backing heavy ‘dogs isn’t advisable but Georgia State’s upset of Tennessee to open the 2019 season cashed +1138 ($100 won $1138).

Nfl Moneyline Betting Explained

The “Implied Probability” output tells you that at +140 odds, the Rays have a 41.67% implied probability of winning. A skilled bettor will take that bet if they think Tampa Bay’s actual chance of winning the game is higher than that. For any favorite or underdog input, the calculator produces the implied probability of that team winning. Astute bettors can use the calculator to find teams that have a higher actual win probability than the implied probability dictated by the odds. Moneyline bets present the most straightforward way to wager on a sports contest. A moneyline wager simply asks the bettor to choose which team will win a game, with no point spread involved.

You’ll come across many of these on the oddsboard regardless of which sport you’re focused on. When evenly matched teams square off, it can be close to a toss-up in terms of which side will win. In the screenshot below parlaying the Suns and 76ers to both win pays out over twice as much compared to betting the same amount for either individual team. If oddsmakers think the teams are so close that it truly is a coin flip, you might see odds of +100 or -105 for each team. The number also indicates how much money would win in comparison to every $100 you wager.

Check out our sportsbook bonus guide for more info on betting with bonuses. Another thing to consider when placing moneyline bets online is how much a sportsbook is willing to offer you as a bonus and what format the bonus comes in. Sports like basketball and football have more scoring and higher point totals, so logically there is more chance for wide margins of victory. For these sports the point spreads make sense as they make for more intriguing betting lines.

Is Nfl Moneyline Betting Legal In The Usa?

Below is an example of a Money Line market for an NFL game at Pinnacle. However, this is more commonly referred to as the 1X2 market . Alternatively, there is a more standard two-way Money Line market in soccer which will adjust the odds to remove the option of the draw and simply “push” if there is no winner. Money Line betting is one of the simplest and most common ways to bet.