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In addition to picking a side against the point spread, bettors have the option of wagering on the over-under or "total. Oddsmakers create totals after taking into account the average of what both teams score and allow per game, along with other mitigating factors such as the venue or key injuries. For example, along with seeing the point spread on the betting menu, you will see a large number near the spread.

It might look like this: Cowboys 46 Giants -3 You'll see the spread is almost always delineated with the minus symbol and spread number corresponding directly to the favored team. The over-under is usually noted on the same line where the underdog is listed, but with a bit of separation from the team name so that it is not confused with the point spread.

In our example, 46 points is the posted total between the Cowboys and Giants. If you wish to wager on the total, you would pick the rotation number of either team and inform the sportsbook writer that your intention is to bet Over or Under only on the posted total. If you have dabbled at all in the sports wagering industry, you've likely heard the terms juice, or vigorish, thrown around quite a bit.

The vigorish is essentially a tax the sportsbooks charge per wager. Their role is the primary factor in turning a profit for bookmakers, and also a crucial factor for bettors to learn and respect. The standard vigorish is 10 percent on each wager.

The manner in which this benefits the sportsbook is easy to explain. Most experienced customers have factored the vigorish into their wagers, and plan their bankrolls accordingly. In addition to wagering on either the point spread or total, bettors almost always have the option of placing a money-line wager. A money-line wager simply removes the point spread from the equation, and notes that you are wagering on a specific team to win the game. The money-line price on each team is usually noted on the wagering menu to the far right of each team listed.

Conversely, money-line wagers on the underdog are popular because sportsbook customers can get a return that exceeds their original wager. If you wish to place this wager, you would be passing up the option of taking the points and winning the bet if the Cowboys lose by fewer than three.

They must win in order for your bet to cash, but the incentive is the handsome payout. Parlays are popular wagers among bettors because of the appeal of potentially winning a good sum with a minimal investment. It's a widespread belief that parlays are mostly done by novice bettors, but experienced handicappers are known to play them as well.

Parlays involve the selection of two or more propositions on a single wager, and all of the teams must win for the bet to become a winner. For instance, if you pick five teams on a parlay and four cover the spread, the bet is a loser. Sportsbooks welcome parlays because of their significant house edge. For instance, the true odds on a two-team parlay are 4-to-1, but most betting outlets pay 2. The true odds on a three-leg parlay are 9-to-1, though the standard payout is 6-to Even so, the potential for winning more than the initial investment has proven irresistible to most sports bettors.

Teasers are a popular variation of standard point-spread betting, as they allow the bettor to increase the point value for their selected team. For example, the six-point teaser is an extremely popular bet in the NFL, where a high percentage of spread outcomes fall very close to the sportsbook's numbers. To combat this uncertainty, teasers provide a discount on the spread. Let's say you believe two seven-point favorites will win their games outright but you are unsure whether they can cover the touchdown spread.

Using a six-point teaser would reduce each team to a -1 favorite, meaning they only have to win by two points. Because of this advantage, teasers pay much lower odds than a parlay, but many handicappers still find them profitable. On the game's final play, the Cowboys convert a yard field goal to give Dallas a win.

Thus, the Cowboys didn't cover the 3-point spread and neither did the Bears as 3-point underdogs. That's a tie from a betting perspective, which in gambling jargon is called a "push. Many sportsbooks add a half-point to any spread to avoid a "push. A handle is the total action taken by a sportsbook on any game, regardless of type of wager. If a sportsbook isn't sure, for example, whether Tom Brady will play in a certain game for the Buccaneers, it's going to take that game off the board for as long as possible -- eventually, the books have to post something and just speculate on Brady's status -- because Brady is so important to the result and pointspread.

NBA games are notorious for being off the board because star players in that league sit out more than in any other due to rest or injury. It is actually possible to win a pointspread bet on both the favorite and the underdog, and that is called betting the middle, or "middling. A Patriots backer likes that number and wagers New England However, by gameday the line grows to Patriots , and the bettor on the Patriots as 7-point favorites doesn't believe they will cover that bigger number.

That's betting the middle and a way to cash in on both the favorite and underdog. In general, home-field advantage in the NFL is worth around 3 points. However, oddsmakers might find the visiting team to be slightly better than the home team. Thus, the spread could close as a pick-'em, which means there is no spread and neither team is favored.

All a bettor has to do to is pick the winning side. It's like the moneyline in that regard, only the moneyline prices in a pick-'em would be exactly the same usually The latter means against the spread. The former is straight up, which simply means a win-loss record like you would see looking at the NFL or NBA standings. Betting results are not related to straight-up records.

It's very possible for a team's straight-up record to be vastly different than its ATS record. Futures bets are wagers on a team's or player's predicted performance in a game or season. The most popular futures wagers are betting on a team to win a championship, betting over or under a team's win total, or betting on a player to win MVP or the Heisman Trophy. Futures odds usually do not stretch out more than a calendar year.

A proposition bet is usually called a prop bet. This is a wager on a given outcome in a game or match. In a major event like the Super Bowl, there are hundreds upon hundreds of prop bets available. These are especially popular with live in-play betting because bettors can wager on props on a play-by-play basis. This is simply betting the favorite on the point spread.

If the Los Angeles Lakers are seven-point favorites over the Boston Celtics and you wanted to bet on the Lakers at -7, you would be laying seven points. A bad beat is essentially a shocking loss on a bet due to a last-second score. For example, on Dec. Haskins was sacked and tried to lateral the ball backward while going down. It was recovered by Philadelphia's Nigel Bradham, who returned it for a touchdown as time expired.

The Eagles won , crushing Redskins bettors. All sportsbooks will open a particular game with one point spread. However, there will eventually be an option to buy points. Let's say that Alabama is a three-point favorite over LSU. An LSU backer doesn't like his team getting only a field goal because he thinks his team will lose by three points and thus the game would end in a tie -- or push -- from a betting perspective.

Now if the Tigers do lose by a field goal, the bet pays off. While betting a normal point spread offers a percent return on a wager minus the vig , each half-point bought costs the bettor more. No one like tie games. In sports betting, a tie on the spread is called a push.

To avoid this possibility, many spreads include a half-point, like Bears That half-point is called the hook. A limit is the most money a sportsbook will take on a certain event. For major events like the Super Bowl or a national championship game, there are generally no limits on the spread or total.

However, lower-tier football or basketball games can have a limit because the book wants to limit its liability. There's only so much homework even the sportsbooks can do on late-night Big West Conference basketball games, for example, so there's only so much money a sportsbook will take on a game like that.

In the NFL, sportsbooks often take lower limits early in the week and bigger amounts closer to kickoff. The word "lock" should never be used when referring to a bet. It's a dangerous word that means a sure bet. Is it a lock that Alabama will beat The Citadel in college football? Certainly, but miracles do happen. Remember Chaminade over Ralph Sampson and No. On Nov. Austin and the Blue Devils lost outright. Alternatively, if Green Bay wins , then they win the matchup and cover.

Spreads are typically priced at even odds, meaning in the above example, betting on Green Bay at This scales up and down depending on the amount of risk played by the bettor. Wagers against the spread can be parlayed with other straight bets such as other spreads, moneylines and totals. Generally, the spread represents the expected difference in score between two teams or opponents.

This is important to bettors because it shows how well a team generally performs against the odds makers and against their real-life opponents. Total Definition The total is simply the total combined points scored by each team at the end of a game. Alternatively, bettors are usually permitted to bet on totals for each half in live betting as well.

Totals are applied differently in all sports and are unavailable in some. A bet on the OVER means that the total combined number of points scored will exceed the established mark, while an UNDER bet means that the amount of points scored will be less than the total points scored. Oddsmakers will also establish team totals, which are points scored by a particular team.

The total in sports such as baseball, hockey, football and basketball applies to the final score. This is also the method used in other team sports such as soccer, rugby, cricket and similar sports such as Aussie rules football. You can also usually bet on the amount of sets won by a particular side, depending on the matchup.

Usually this is reserved for championship games or matchups involving high-profile players against one another. Total Bets for Combat Sports Boxing, combat sports and mixed-martial-arts have a similar total, where you can bet on the number of rounds a fight goes to.

Totals are available in live betting as well, usually for first and second half. In some instances, you can bet on totals for the first three quarters or two periods in hockey. The total can be packaged in parlays and is a fun way of building up a potential pay-out on a single game. For example, some bettors will bet on the spread and the total in the same game in a two-team parlay to bolster the financial reward without raising the risk involved.

Once you place your wager, however, your bet locks in the spread. The bet placement does not stop live betting algorithms from continuing to offer new spreads as a game unfolds. Players can frequently lay multiple bets during a game, given that players are usually supporting one side. Different houses hold different rules for this betting allegiance, so a good habit may be to ask how to conduct your wagers for in-play bets. To that end, houses will occasionally impose high per-game limits on live betting that are generally dependent on your history with them.

Spreads, totals and moneylines are readily available on most games for live betting in the four major sports of football, basketball, baseball and hockey. There are some cases where live betting is not available, and this is usually when a heavy favorite is involved in a regular season game. Live betting is almost always available for all NFL football games, especially prime time matchups on Thursday, Sunday and Monday nights. Futures Definition A futures bet is a speculative play on the outcome of an event occurring in the future.

The easiest example is betting on the Super Bowl champion prior to, or during, the regular season. In recent years, sportsbooks have become increasingly creative in the futures that they offer to encourage more action across a wider span of events. Odds for the futures market are usually presented as basic moneylines.

There are always futures odds for things like league champions, conference champions, division winners, player awards MVP, Coach of the Year, etc. These odds adjust as the year unfolds and react to the current state of the league. Futures Example If the Boston Red Sox start their baseball season hot, and are SU to begin the season, the oddsmakers will shrink their odds. There is no direct cause-effect reaction for teams in the futures market, but their odds can be severely altered given major occurrences such as a significant injury.

Futures odds are normally at their best value the further away from the end of the season you are. Sportsbooks may offer futures markets outside of sports, such as entertainment props; for the Oscars and major movie roles, popular culture and politics. You are simply betting on whether or not a player will achieve a certain statistical standard in a give game.

In most cases, the odds-on player props are equal to one another, but in some cases, they are offset which indicates a more likely outcome, versus one that is less likely. Player props can extend to any number of statistical or measurable elements such as points scored, yards gained, assists, home-runs, rebounds, steals, blocks, saves by goalie and so on.

Wagering on player props is particularly popular in baseball, when it comes to starting pitching, football overall and with a superstar performance in basketball games. Prop bets by nature are usually reserved as straight bets, meaning that they can not be parlayed, but this depends on the game itself and the tolerance by the house. The most well-known game prop of all time is the Super Bowl coin flip coming up heads or tails. Needless to say, game props have evolved substantially in recent years.

Baseball betting is prevalent with game props due to the statistical study of the sport itself. Each sport and each game within a sport usually have a defined amount of game props attached to it.

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