The favorites and understandnig can be spotted jackpot in casino by looking correct score tips today the vetting. Explore sports correct score tips today opportunities udnerstanding the industry today. Figuring it gambetdc involves converting odds into a percentage, which indicates the likelihood that event will happen vs. Chris Myers. Expert Tip : Always consider weather conditions. As you'd imagine, the NFL is king, drawing the vast majority of the bets placed in the United States every year.

Understanding sports betting -

Prop Proposition Bet — A bet that focuses on the outcome of events within a given game. Push — When the contest ends with no winner or loser for wagering purposes; a tie for wagering purposes.

Straight bet — An individual wager on a game or event that will be determined by a pointspread or money line. Straight-up — Winning the game without any regard to the pointspread; a money-line bet. Take the points — Betting the underdog and receiving its advantage in the pointspread. Teaser — A type of parlay in which the pointspread or total of each individual play is adjusted.

The price of moving the pointspread teasing is lower payoff odds on winning wagers. Total — The combined amount of runs, points or goals scored by both teams during the game, including overtime.

Under — The player bets that the total points scored by two teams will be less than a certain figure. Underdog — The team perceived to be most likely to lose. Gambling problem? Call or text Chat available at ncpgambling. Sports Betting Sports Betting Explained — Types of Sports Wagers Curious about the types of sports bet?

Parlay — What is a Parlay Bet? What is a Straight Bet A straight bet is an individual wager on a game or event that will be determined by a pointspread or money line. Round Robin Bet A round robin is a series of parlays. IMPORTANT TERMS Point Spread The most popular sports bets are based on the point spread.

Money Line Bet The money line represents the odds of a team winning the game outright without the use of the pointspread. Chalk — The favorite. Cover — Winning by more than the pointspread.

Dog — The team perceived to be most likely to lose. Short for underdog. Favorite — The team considered most likely to win an event. As you'd imagine, the NFL is king, drawing the vast majority of the bets placed in the United States every year.

But we also understand that betting on sports can be intimidating. There's a lot to learn for a beginner. So, we wanted to help. Consider this your sports betting cheat sheet. Let's get started, shall we?

Here are some commonly asked questions about betting on the NFL and sports in general, but we'll concentrate on football for now. The point spread is the expected final score difference between two teams.

But the actual number itself, ignoring the plus-minus sign, will always be the same for both teams, because, again, that's the expected margin of victory. If Team A is a 3-point favorite over Team B, Team A has to win by more than 3 points to win the bet, or "cover.

Neither you nor the book wins the bet. That's why sportsbooks will often add "the hook". So if a point spread is instead 3. Again, the. With point spreads, the spread tells you how many points a team needs to win by, while the vigorish tells you how much money you actually win if that bet cashes.

Standard "juice" on a point spread or total is The math works the exact same way with smaller amounts. In that case, you can just divide the vigorish by Your opinion might vary, but for most beginning bettors, this isn't a major consideration at first.

As you become more sophisticated, you'll start to realize how those numbers really matter, just by virtue of placing your own bets. The expected combined points scored by both teams in a game, also known as the total.

Vigorish comes into play on the moneyline, too. Say the Kansas City Chiefs are at home against the Cincinnati Bengals hey, what a coincidence! Most bettors will want to wager on the Chiefs to win, because winning the game is a very likely outcome for the better team at home.

So a sportsbook will make a bet on Kansas City to simply win the game much more "expensive. And, as always, you get your money back every time you win a bet, too. How many passing yards will the quarterback have?

Will the running back score a touchdown? There are also team-based prop wagers. How many points will Team A score? Will Team B get shut out? And famously, yes, you can bet on what color the Gatorade poured on the coach of the Super Bowl-winning team will be each year. God bless betting.

They are very, very popular. Speaking of popular ways to bet: parlays. Parlays are bets where you combine wagers on multiple games into one bigger bet with a minimum of two "legs," or bets, needed for a parlay for a bigger payday, but where you must win all those wagers to get paid.

Most people bet a little to win a lot on parlays. You can load your parlay with as many bets as you want, but understand that the more bets you add, the more likely you are to lose. I'm not a fan of these lottery tickets myself, but there's no denying that they give people a lot to root for.

Just remember — if you lose any of the legs, the parlay is dead. A teaser is a multi-team bet that allows you to move each individual wager by 6, 6. Standard teasers are two legs and six points per leg, but you can realistically have as many legs as you want.

Like a parlay, every leg must win to cash the teaser. As an example, you could tease the Chiefs, who are 7. On that note …. This is a little more nuanced, but it's an interesting wrinkle to keep in the back of your mind:.

Key numbers are the most common final margins of victory, almost always used in football. The most important key numbers are 3 and 7, because those are the respective values of a field goal and touchdown plus the extra point.

Many, many NFL games are decided by either 3 or 7 points specifically. What you'll start to notice, then, is that many point spreads are structured roughly around a team being 3- or 7-point favorites. For much of the NFL Conference Championship week, the Chiefs were 7-point favorites, before so many bets came in on Kansas City that the Chiefs moved to 7.

That might seem minor, but that. Key numbers are something to remember when betting a teaser as well. You really want to strive to tease your bets "through" key numbers, as we did above by teasing the Chiefs down through both 7 and 3, and teasing the Niners up through 7. A wager on a team to win a division, conference or championship.

The best teams have the lowest odds, while longer shots have bigger payouts. Sportsbooks also have player futures for markets like MVP, Rookie of the Year and more.

Buying points or half-points allows you to move a point spread in your favor, but you must pay extra juice. It can cost 15 to 20 cents so becomes or to move a half point, and that juice adds up quickly. This is called live betting or in-game wagering. Sportsbooks allow you to bet basically any time during a game.

These lines and point spreads are based off of predictive algorithms, so there are plenty of times inside a game where you can pick off good numbers. In theory, yes, but not necessarily. Sportsbooks are mostly trying to balance the ledger with money , not individual bets, and people bet vastly different amounts.

Money balance is more important than ticket balance. Pull out that fact the next time you're at a bar, and you'll sound like the smartest person in the room. Absolutely not.

Bet what makes you comfortable, and stay within your means. Start with straight bets. Focusing and specializing on one sport or a specific group of teams is a great way to get started. Wagering around your favorite NFL team or a hated rival is a good first step.

Find a conference, study it and bet on those games. Sam Panayotovich is a sports betting analyst for FOX Sports and NESN. He previously worked for WGN Radio, NBC Sports and VSiN.

He'll probably pick against your favorite team. Follow him on Twitter spshoot. Access and manage your favorites here DISMISS.

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Peter Schrager. Terry Bradshaw. Alex Rodriguez. Joy Taylor. Kevin Wildes. Learning how to read odds is the foundation of developing a successful sports betting strategy. So how do odds work anyway?

Betting odds are determined by a number of calculations factored in by sportsbook providers. Learning how to read odds and what to use that information for will help you make successful wagers.

As Las Vegas was the first site for legal betting in the country, oddsmakers there often are first and best at establishing odds for sporting events all over the world. If you're finding a site that offers "Vegas" odds, you can be sure that the odds are as up-to-date and accurate as possible.

Betting odds matter because they tell you how much you could potentially win on a particular wager. Learn how to read odds, including Vegas correctly and you will be able to calculate what your exact return will be if your bet is correct. There is more on that subject in the following section where we have implied probability and betting odds explained.

Of course, you can also increase the value of a given bet by taking advantage of welcome offers, for example by using a BetMGM promo code. The standard format for printing betting odds varies depending on the sport.

Football will most often be displayed with American odds, while soccer is more likely to show fractional odds. Read on to see an explanation of how to read odds in any of these formats.

By learning how to read odds, you can read between the lines and figure out how likely a particular sportsbook has determined an outcome to be. Learning this method of how to read odds is a crucial skill in sports betting. By placing wagers on outcomes that you have determined are more likely than the sportsbook sees the outcome, you increase the value of your bets and increase your chance of getting a return on your investment.

The chance of a particular outcome occurring that a sportsbook has calculated is called the implied probability.

To determine the implied probability, you must convert the betting odds into a percentage. American betting odds display with a plus or minus sign followed by a number.

Negative numbers signify the favorite on the betting line. So how do odds work when it comes to the American format? As stated, a negative number means the bookie sees the outcome as more likely.

A positive number indicates the underdog. To figure out the implied probability from American odds with a positive number, use this formula:. But how do odds work for the implied probability on negative American odds? Follow this equation instead:. There are two different equations to calculate your payout with American odds.

Calculate your winnings on a positive American odds payout, solve for x with the following formula:. Fractional odds, as you might expect, display with one number over another number. The numbers are separated by a slash or hyphen. UK and Irish bookmakers favor this format, making it a common sight on soccer betting odds.

The bottom number shows how many times they expect it to succeed. Determine the implied probability of an outcome using fractional odds with the following formula:. Decimal odds appear with a whole number followed by a decimal.

This format is used in many sports internationally.

Betting understandjng sports is becoming quite the hobby, as correct score tips today and bettinng states legalize across America. As you'd imagine, correct score tips today Knderstanding is king, understandign the vast majority of the bets placed in the United States every year. But we also understand that betting on sports can be intimidating. There's a lot to learn for a beginner. So, we wanted to help. Consider this your sports betting cheat sheet. Let's get started, shall we?

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