Basic sports betting

How to Select Bets Click on any of the buttons in the betting module to select the bet you want to get started. Moneyline The odds of selecting a team to win the event based on the strength of the matchup. Point Spread A point spread is used to make the matchup between two unbalanced teams more even. Pregame Odds The odds available to bet before the event begins. Total Points The odds of betting over or under the total number of points, runs, or goals scored by both teams.

Next, let's walk through your different betting options: 01 Betting Here are the options for types of bets you can place. It is legal in 30 states, with other states either working on legislation or not considering it. In both cases, winners get their initial wager back in addition to the amount won. The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases.

In this matchup, there is a big difference between the two odds, indicating a much higher probability of the Chiefs winning the game. What Are 7 to 2 Odds? With fractional odds, the number on the left expresses how much you win, while the number on the right reveals how much you need to stake.

You stand to make more money on positive odds, but the chances of a win are lower. What Are Vegas Odds? Vegas odds are used in sportsbooks. American money lines are used and include a point spread and total number of points the bookmaker thinks will be scored.

This allows bettors to bet over or under the bookmaker's score, and indicate what they believe the difference in points will be. The Bottom Line If you are planning to enter the betting world, it is important to be able to understand and interpret all types of odds well. You need to be familiar with the conversions between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome, as well as the odds on display.

Only then can you place a well-educated bet. If you or someone you know has a gambling disorder, please call the National Problem Gambling Helpline at , or visit ncpgambling. Article Sources Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts.

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As with many niche topics, sports betting comes with its own set of rules and terminology. I could go on for thousands of words discussing the various types of wagers that can be placed and the terms used to describe them. Right now, only concern yourself with straight bets.

A straight bet is just a single bet placed on a single event. By far, the most common type of football wager is a straight bet placed on the point spread. As a quick refresher, the point spread is the amount of points the bookmakers set that the team favored to win must win by in order for you to win your bet.

If the Patriots are The Eagles are currently listed as four point favorites The moneyline is and the total for the game is 46 more on these in a moment. When looking at the point spread, you must decide whether you think the Eagles will win the game by at least four points. If you place a straight bet on the Eagles, that is, a single wager on just the Eagles where you are laying the four points, and the Eagles win by a field goal, you lose.

If the Eagles win by a touchdown, you win. It is that simple. On the flip side, if you bet the Falcons against the point spread, you either need them to win the game outright, or lose by fewer than four points. A typical point spread wager has a vig of A moneyline bet is a bet on the winner of the game.

It is the simplest type of wager you can make because all you have to concern yourself with is which team wins the game. Spread Handicap added to a team. If Team A is -7, they are predicted to win by seven points. If Team A wins by exactly seven points, it would be considered a Push.

With a push, the bettor neither wins nor loses. Their money would be returned to them. Totals The number of combined points the two teams are predicted to score. And just like spread betting, if the game lands on the exact predicted total, that would be considered a push. Individual team totals can also be bet. Prop Bets Bets that are usually not connected to the outcome of the game or traditional totals play.

Examples include: number of combined sacks in a game, time of the first score, total yards gained. One of the most popular forms of Prop Bets are Player Props, in which the bettor can choose an individual player and wager on how they will perform Touchdowns scored, rushing yards, QB pash attempts, etc…. Parlay Two or more bets tied together into one bet. If any of the bets in the parlay loses, the entire parlay loses. They are popular because they can have larger payouts. Many sportsbooks now allow for same game parlays.

In a same game parlay, the bettor can bet the total and spread of the same game and tie them together. Some sportsbooks allow for Props to be parlayed as well. Teaser A type of parlay in which the bettor can change the point spread for the games included to make them more favorable.

In teasers, the juice is lowered for smaller payouts. The most common teaser is a two-team, six-point NFL football teaser with the juice usually around or No handicap added to either team. While you might often see even money on both teams, that is not always the case. If they were predicted to win by seven -7 and they won by eight points or more, they covered.