Sports enthusiasts who wager on competitions will know that there are many similarities, which include wagering specifically on who will win a match, point spreads, over & under bets, and a variety of options related to betting on the favorite or underdog. Here are examples of how to read betting lines on different sports and wagers.
Football betting lines
In football, the minus sign indicates the team favored to win, and the plus sign indicates the team expected to lose. The + sign is always an indication of which team is the underdog in the competition.
If a number is listed after a (-) minus sign, the favored team is expected to win by that specific number in points. The Moneyline is simply the odds of competitors in a match winning or losing.
Whether 2 to 1 or 5 to 1, odds express the numerical outcome of mathematical analysis of a team's predicted win or loss in a competition. The betting line is the point between the expected points won or lost, i.e., -15 or +15. However, in football, a bettor may simply wager on whichever team he thinks may win and not have to worry about point spreads or odds at all.
Basketball betting lines
Dallas Mavericks Sportsbooks offer a variety of different betting options for professional basketball games. In NBA betting, one way to bet is Moneyline wagering, where a bettor picks the winner of the game. It is a widely accepted method of wagering in sports betting. Money lines are also an aspect of point-spreads. For example, -55 odds means that a player wins for every correct wager against the -55 odds.
Bettors may also wager by betting on the total score by wagering over or under the projected amount posted by the bookie. If the total score of both teams goes over the sportsbook's predicted amount to the exact score the bettor chose and wagered on, the bettor wins.
Baseball betting lines
Baseball betting is like other Moneyline wagers. Bettors choose the favorite team investing $115 on -115 odds to win $100 if correct. The payout includes $215, which is a combination of the amount the bettor staked of $115 plus the win amount of $100.
The winnings scale represents the exact amount that the bettor gambles on the favored team or the underdog. However, the odds always represent the baseline of a $100 win. Sportsbook commissions occur when a favorite competitor loses.
If the favorite loses, the bookie pays out to the underdog, making a profit on the higher favorite spread. If the favorite wins, the sportsbook makes no profit. If the favorite has an optimal chance of winning, it's unlikely that the sportsbook will make a profit. However, sport bookie provide odds on thousands of matches every month. The wins and losses even out, allowing the sportsbook to win overall.
Horse racing betting lines
In horse racing, the odds are simple to understand. The more money that bettors wager, the shorter the odds. Odds indicate the expected profit against the amount invested. At 10-1 odds, the gambler may expect to win $10 for every dollar wagered. Even money gives a bettor $2 for each $2 wagered for an overall $4 return.
It may take some time for new bettors to understand how to wager on sports. Even though some sports offer similar odds for wagering, such as betting on the straight-up winner, over and under total points, or the point spread, there are other sports with more simplified or challenging betting options. For the gambler, understanding the odds and researching the competitors will help in choosing the winner.