Understanding Betting Odds Calculators
Moneylines are the simplest type of bet. In a moneyline wager, bettors make bets simply on who will win the game.. This does not involve any point spreads or margins of victory. This form of betting odds focuses just on who will be the outright winner. The first thing to take notice of is the plus and minus sign in front of the number. The team with a plus sign in front of the odds is the underdog—in this case, Team B. Because of this fact, they can potentially earn a higher payout if they win.
The number in the odds means something slightly different depending on whether it has a positive or negative sign in front of it. A minus sign at the beginning of odds means the team is favored to win. The difference is that in addition to predicting who will win the game, the point spread includes a margin of victory. In certain cases—such as in college basketball and college football—there is a huge discrepancy in talent between the two teams playing.
In those cases, betting the moneyline is too obvious, because it is clear that one team will beat the other. For example, imagine that two teams, Team A and Team B, are facing each other. In this case, Team B is favored to win. Just like in the moneyline bet, the negative sign before the number indicates who is expected to win.
The number represents the expected margin of victory. That means they need to win the game by 23 points or more. If you bet on Team A, that means they can lose by 22 points or less, or win the game, and you still win your bet. If, during the actual game, the margin of victory lands exactly on the spread, it is called a push or a tie, and no one wins the bet. In this event, you would simply get your money back.
In order to avoid these sorts of ties, betting sites such as BetOnline or Bookmaker , only to mention a couple of sportsbooks will often set the spread at half numbers, such as This way, there will always be a winner in the bet. Point spreads will also have moneyline odds attached. Just like in a moneyline bet, this number indicates what the payout will be in the case of a win.
For example, the spread and odds for Team B might be This means that Team B is favored to win by more than That means that you are looking at whether the combined score of both sides will go over or under a set number.
For example, the sportsbook might set the total at 66 for a college football game. This means that they predict that the two teams will score a combined total of 66 points. You will then place a wager on whether the actual combined score will be over or under that amount. If you think that one or both teams has a particularly strong offense and it will be a high-scoring affair, you would bet over.
It is correct and to the point. Two to three times more house edge. And that's for basic strategy players. The house will take away every playable game if they can. Do not be a sucker. Anywhere for any reason. Amberloo's post is correct as stated but there's more to the reality of the game when played in Las Vegas casinos.
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