If you do your homework and search across casinos you can find sportsbooks offering what are called ‘reduced juice ’ or ‘nickel lines’. These are lines that the sportsbook will move to a lower “price” of -105. This basically means they’re reducing their commission from 10% to. Sports Betting 101: What does it mean to bet an over/under on a game or prop bet? The public is way more likely to take the over and shade the line that way. It’s just that betting the under. The term “lines” is used a lot in sports betting and it can refer to odds on a bet, or specific lines like the point spread or the over/under total. These lines can change drastically between the time they are initially set by the sportsbook up until when the game actually begins. Everyone makes moneyline bets without even knowing it. Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or team to win.If the bettor chooses the winning side, the.

Everyone makes moneyline bets without even knowing it. Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or team to win. If the bettor chooses the winning side, the sportsbook will pay the amount due. It’s really that simple.

There’s no point spread with a moneyline bet. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing.

The favorite team or player on the moneyline is the team that’s expected to win. This side of the bet usually listed with a minus (-) sign. The underdog team or player on the moneyline is the team that’s expected to lose. This side of the moneyline is usually listed with a plus (+) sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.

Example of a moneyline wager

Low scoring sports like baseball, soccer, and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. Let’s use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.

The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100 wager would pay $136 in profit if the Buccaneers won the game (for a total payout of $236). Bettors often like picking underdogs because they are usually “plus” money. This side of the moneyline bet pays out more money per unit than a wager on the favorite.

In this example, the moneyline on the favorite Chiefs was -156. At -156 odds, a bettor would need to wager $156 to win $100. Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered.

Looking deeper into moneyline wagers

The two sides of each moneyline wager are essentially the opposite of each other. When wagering on the favorite it’s easiest to work from the dollar amount that will return a win of $100. When wagering on an underdog it’s easiest to understand how the moneyline pays based on how much a $100 wager will pay.

Understanding how a moneyline wager pays isn’t simple but it’s not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.

As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline.

Moneyline parlays

Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The payout for a parlay is greater than an individual wager on each player or game. Underdog moneyline parlays are becoming popular because the payouts can be very large. Moneyline parlays are becoming popular because of the perceived ease of choosing multiple favorites to win. Choosing one winner is difficult and multiple winners at the same time is even more difficult.

Many new bettors struggle with deciding on how to bet on sports. It’s an especially intimidating undertaking for bettors without a background in statistics. However, it doesn’t take a stats genius to learn and enjoy sports betting. Bettors just need to understand probabilities to get started. This Sports Betting 101 Guide will help you get started.

Beginner’s Guide To Sports Betting

Anyone asking themselves, “How does sports betting work?” has come to the right place. Our beginner’s guide will help bettors:

• Understand what they’re looking at when they open a sportsbook
• Create basic strategies to manage their bankrolls
• Find the best sportsbook – or sportsbooks – to create accounts for

While Gaming Today can’t reveal every winning wager, we can give bettors the tools to do it themselves. The best sports betting sites include:

If any of these sports betting sites are available, they’re solid choices for newbies. We have reviews for each of these top sports betting apps on Gaming Today.

How To Sign Up At A Legal Sportsbook

Choosing An Online Sportsbook

All of the legal mobile sports betting apps featured here at Gaming Today offer a comprehensive array of sports and ways to bet. The welcome bonuses and specific betting markets differ across the sportsbooks, however.

Be sure to research each sportsbook and choose the sites that offer the bonuses and markets that suit you.

Verifying Your Location

Several states offer legal online sports betting, with each requiring that bettors are located within state borders when making bets. All legal online sportsbooks use geolocation technology to confirm a user’s location when they try to bet.

If you’re trying to bet at William Hill Michigan, for example, you must be located in Michigan to make a legal wager. If you’re close to the state border, the geolocation services might falsely detect that you’re outside of state borders.

If this happens, moving closer inland usually solves the issue.

Registering A New Account

Signing up for a new online sportsbook account usually takes just a couple of minutes. You’ll need to provide your first and last name, last four digits of your social security number, and a valid email address.

Once your details are verified by the sportsbook, you’re free to make your first deposit and start betting.

Making Your First Deposit

After registering for your new account, navigate to the “Cashier” or “Add Funds” tab, usually at the top right of the lobby at most online sportsbooks. This tab brings up deposit options like ACH/eCheck, credit/debit card, PayPal, and Play+.

You might need to upload a digital copy of your driver’s license or state ID before you can make your first deposit. Once you’ve done that, your first deposit should be added to your player balance within seconds.

Sometimes the issuing bank will reject ACH/eCheck and credit/debit card deposits. PayPal and Play+ usually go through 100% of time time, however.

Making Bets At An Online Sportsbook

The betting markets at online sportsbooks include domestic, international, and sometimes niche sports. At DraftKings Sportsbook, for example, clicking on the “A-Z Sports” link at the left of the main lobby brings up all of the different available sports.

From there, click on the sport you wish to bet, and all available games and ways to bet come up. You make any bet by simply clicking on the line, which sends the bet to your bet slip.

The bet slip will then prompt you to input the amount you wish to wager, and display the potential payoff for winning the bet. Once you’ve inputted your wager amount, you’ll need to click “Confirm” (or something similar) to send the bet through to the sportsbook.

Most Common Types Of Sports Bets

Bettors will find these core bets at every sportsbook:

• Straight bets
• Futures bets
• Prop bets
• Parlay bets

Since these bets are everywhere, understanding them is critical to becoming a successful sports bettor.

Straight Bets

Straight bets are the foundational basics of sports betting. They’re single bets on single games. These include:

• Moneylines
• Point spreads
• Point totals

For example, if a bettor wanted to wager on the Patriots beating the Titans, they could place a moneyline wager on the Patriots. It’s one bet on one outcome. No matter how any other bets turn out, the Patriots wager would win or lose on its own terms.

Futures Bets

Futures bets are high-risk high-reward wagers on a season’s outcome. That includes everything from Championship winners to award winners. A wager on the Packers winning the Super Bowl would be a futures bet. So would a wager on Aaron Rogers winning an MVP award at the end of the NFL season. The odds of betting correctly is challenging, even for sophisticated statistical models. But the rewards are massive for bettors who wager correctly. So, high-risk bettors with strong opinions may be drawn to these.

Prop Bets

Prop bets are also called fun bets. They’re wagers that have nothing to do with a game’s outcome. They’re on random events during the game. They could include everything from the first team to score a set number of touchdowns to the length of the high note at the end of the National Anthem. They’re fun random wagers, and are good for parties.

Parlay Bets

Parlay bets are a string of bets that all have to come true for the bet to win. So, bettors could create a parlay bet that wagers the Broncos and Notre Dame will both win their games. In a parlay bet, both wagers have to win for the parlay to win. There’s no partial credit. It’s risky, but it boosts the odds and increases payouts.

10 Common Question About How Sports Betting Works

Many bettors have similar questions at the beginning. Here are the top ten.

What Is A Point Spread?

Point spreads are the number of points a team has to win or lose by. Here’s what they mean:

• -2.5 means the favorite to win has to win by at least three points.
• +2.5 means the underdog has to lose by less than three points.

That gives bettors who wager on their favorite teams the same chance to win bets as bettors who wager on the best teams.

Any betting guide worth it’s salt can answer that.

What Is A Moneyline Bet?

Moneyline bets are the most basic of sports betting basics. It’s a bet on who will win the game. Here’s an example from an NBA’s live bet:

• Milwaukee Bucks: -530
• Orlando Magic: +380

These are the odds from the third quarter, so bettors have a lot of game information to work with. Anyone confident the Bucks would carry the game could wager on the Bucks to win. But anyone confident in a comeback from the Orlando Magic could bet on them to win.

What Is A Favorite And What Is An Underdog?

A favorite is the team expected to win the game. The underdog is the team expected to lose. Favorites are marked with a negative sign, and underdogs are marked with a positive sign. Those signs tell bettors how risky their wagers are. The lower the negative odds, the higher the chances the favorite will win. The higher the positive odds, the lower the chances the underdog will win.

What Does Over/Under Mean?

Over/Unders refer to point total bets. Bettors who wager over the point total are betting that the two teams will score more combined points than the sportsbook says. Unders wager that fewer the teams will score fewer combined points than the sportsbook says. For example, a sportsbook might offer odds like this for a hockey game:

• St. Louis Blues: O 5.5
• Colorado Avalanche: U 5.5

Either the Blues have to score six or more goals, or the Avalanche has to score five or fewer goals.

What Does -125 Mean?

-125 tells bettors a few things. First, these are odds on the favorite. Whichever team this is is predicted to win – in this case, 55.6%. (Online odds calculators can convert sportsbook odds to probabilities.) These odds also mean that bettors have to wager $125 to win $100. Since this team is more likely to win, sportsbooks aren’t going to pay more out than they accept. Bettors may profit individually, but underdog wagers and house advantages are going to keep sportsbook profits up.

Where Can I Place A Bet?

Since placing bets is integral to sports betting, bettors should know how to find sportsbooks. Many states list licensed sportsbook operators either on the Department of Revenue website or the Lottery Division website. (It depends who runs sportsbooks in that state.) Bettors can also search for sportsbooks at casinos or find sportsbook websites and apps in states that allow online wagering.

The list of states with legal online sports betting is growing by the year. Currently, almost two dozen states have legal online sportsbooks or are in the process of launching sports betting. Some of the most popular states where sports betting is legal include Michigan, Colorado, and Illinois.

What Is Live Betting?

Betting on sports games is one thing, but betting during them can be exhilarating. Live betting allows bettors to make wagers during a game. Sometimes, teams will have a rough start, but bring it together in the end. Other teams have a great start then finish poorly. (Broncos anyone?)

Live betting lets bettors take advantage of these changing odds. It tests a bettor’s ability to guess how the game will change during play. It’s a fresh challenge for bettors who pick the basics up quickly.

How Much Should I Bet?

No more than you’re willing to lose. Learn how to bet on sports one at a time, first. Then you can make a few wagers at a time. Eventually, bettors will be able to put several wagers on one bankroll. Professional bettors know how to distribute their bets so they can balance wins against losses. They begin to run their bet slips like sportsbooks run books.

And it all starts from learning how to make one bet at a time.

What Sports Betting App Offers The Best Odds?

It depends. Some sportsbooks offer strong odds on the favorite, the underdog, certain sports, or offer so many boosts and promotions that they beat the competition. Here are some common trends:

• DraftKings: Competitive odds on favorites
• FanDuel: Competitive odds on underdogs
• FOX Bet: Bet boosts that can improve odds over other sportsbooks
• SBK: Competitive odds, overall

No sportsbook will have the best odds every time. The best way to bet on sports is to understand your own preferences, then find a sportsbook that matches them.

What Are The Most Common Betting Mistakes

Nfl Gambling Line

Betting on your favorite team instead of the best team is the best way to burn through your money. If you keep losing wagers, don’t keep trying to make the same strategy work. Chasing losses doesn’t work in Vegas, and it doesn’t work on DraftKings. Failing to learn and adjust will hurt new bettors more than most things they can do. (It’s as true on the field as it is off the field.)

Understanding sports betting means understanding that feelings can’t be part of your wagers. Deliberate strategies beat feelings over the lifetime of a sportsbook account.

Sports Betting 101 FAQs

Pick a sportsbook. Bettors don’t have to know the ins and outs of sportsbooks to start betting. They just have to choose a licensed brand, create an account, and start betting. Bettors shouldn’t deposit more than they’re willing to lose, though. Responsible gaming is important. They should also take welcome bonuses into account when they’re making their first deposits and wagers.

Some states allow them. Sports betting has spread across the United States, but not every state has implemented it the same way. Some sportsbooks only allow retail sports betting. Others have online and mobile sports betting. Bettors can check their states’ laws to see whether mobile betting is on the table for them.

When Betting What Does The Line Mean Math

Here are the states that legalized online sports betting and whose online sports betting industries are live:

• Michigan
• Virginia
• Nevada
• Colorado
• Iowa
• Illinois
• Indiana
• West Virginia
• Pennsylvania
• New Jersey
• New Hampshire

Today's Betting Lines

What Is The Line When Betting

Reliable payouts, site security, and state regulation. In Colorado, licensed sportsbooks are required to keep enough cash on hand to pay bettors. Most states require security audits before sportsbooks go live so social security numbers aren’t stolen en mass. Finally, state governments can twist sportsbooks’ arms into operating legitimately. The risks of abandoning these protections aren’t worth the potential rewards of using illegal sportsbooks.

When Betting What Does The Line Means

Are the “better” odds associated with illegal sportsbooks aren’t worth your social security number?

Yes. Licensed sportsbook sites are audited by either state or independent authorities to ensure player data is safe. The most common security measure is end-to-end encryption. That means a hacker can’t even see what bettors are typing into their screens. It’s the kind of security bettors should expect in an industry handling such sensitive information.

In most states, 21. However, three states with legalized (but not necessarily live and operational) sports betting allow 18-year-olds to gamble:

When Betting What Does Money Line Mean

• Washington
• Montana
• Rhode Island

Each of these states probably has a fascinating history that explains why it lets 18-year-olds gamble. But in the meantime, all we can say is not to blow all your college money at a sportsbook.