How to Bet on Sports: Money Liney, Spreads, Totals, and More

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How to Bet on Sports: The Money Line

First in this guide on How to Bet on Sports, we have the money line.

The money line is just a wager on a team to win straight up

This is a method of expressing payout chances in relation to 100.

No, that only refers to the notation; it doesn’t mean you have to wager $100.

What you should know is as follows:

  • Always displayed as three (or more) digit figures are the money line odds.
  • Each side of the wager has its own money line.
  • A wager with a negative money line indicates that you will have to take on greater risk.
  • If a wager has a positive money line, it indicates that you will profit by more than you risk.

‌How to Bet on Sports: Betting on a Money Line Favorite

Let now in this How to Bet on Sports guide analyze betting on a money line favorite.

A money line with a minus sign in front of it indicates that you are staking more money than you are making.

The money line of -300 indicates that you will profit $100 from a winning wager for every $300 you risk.

Alternatively, you would profit $1 if your $3 wager were to win.

‌How to Bet on Sports: Betting a Money Line Underdog

Time in this How to Bet on Sports guide to analyze betting a money line underdog.

You can infer that the bet is a money line underdog when you see money line odds indicated with a plus sign.

An underdog wager simply indicates that your winnings exceed your stakes, or are equal to them.

The underdog money line, in contrast to the favorite money line, indicates how much money you would stake for every $100 wager.

For instance, the sportsbook will pay you $30 in total if you wager $10 on a team that is a +200 underdog and they win.

In addition to your profits, which are 200 ÷ 100, or 2, multiplied by the initial stake, you receive your $10 back.

As you just witnessed, it is far simpler for an underdog to determine the risk-to-reward ratio. It works similarly to a straight percentage: multiply your stake by the money line over 100 to determine your profit.

If the money line is +300, that indicates that you will profit three times over from your wager. You will profit 1.5 times your risk with a +150 money line.

Furthermore, there is no need to wager $100 or in $1, $10, or $100 increments. If you follow the minimum and maximum bet limits set by the sportsbook, you can wager anything you wish.

Gather all the loose coins off your large couch and wager $15.26 on a team with +200 money line odds. In the event of a loss, you receive nothing. The sportsbook owes you $45.78 if the team wins.

That includes the $15.26 you paid for the initial wager in addition to the $30.52 in profits.

The table below provides sample payments for underdogs, in case you’re not following along.

This How to Bet on Sports guide is part of YouWager Betting School.

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Money lines and Profits for Underdogs

Money line Amount of Prot on a $100 Bet
+100 $100
+250 $250
+400 $400
+1,000 $1,000

When placing a money line wager, it is customary to specify the wager as +100 rather than -100. This is because a wager at exactly even odds, where your profit will match your risk, is known as a convention.

Although they are the same mathematically, the former is always used and the latter is never used for reasons I cannot comprehend. If money lines were a series of numbers, they would go from -102 to -101 to +100 to +101 and higher.

‌How to Bet on Sports: Favorite Value

The number with the lowest money line odds is regarded as the favorite in any wager where the options are listed.

That is, given all the options, the public who bets believes that team or that betting choice has the highest chance of winning. That does not exclude other wagers from being money line favorites.

Example:

  • Houston +450
  • Texas +200

Both Texas and Houston have underdog odds, but if you want to place a wager on the team that is the biggest underdog, go with Houston at +450. You’ll laugh all the way to the bank when the Cougars win the championship and you’ll receive $4.50 for every $1 you risked.

Let’s examine another money line notation example. Assume that the NBA playoffs have just started and that you are able to wager on one of the top four teams to win the remaining two series and win the championship:

NBA Champions Money line Probabilities:

  • Miami Heat +200
  • Dallas Mavericks –400
  • Denver Nuggets +100
  • New York Knicks +1,600

The money line odds next to each team determine how much you get paid. The Dallas Mavericks are the clear front-runners.

For every $1 in profit, you will risk $4 if you bet on them to win. The New York Knicks are the longest of the long shots. If they win, you will receive sixteen times the amount of money you risked.

Underdog plays are popular among novice gamblers and dabblers.

It’s true, winning more often than losing is more enjoyable. Avoid falling into that trap; an underdog has just as much chance of offering exceptional value as a favorite.

Let’s go back to our example. Let’s say you wager $60 on the Knicks, and as predicted, they go on a spectacular run to win everything. To determine your profit on an underdog, simply multiply your wager by the money line over 100:

$60 × 1,600 ÷ 100 = profit

This implies:

Proportionately, $60 × 16 = $960.

It’s a respectable payout for a $60 wager.

It is irrelevant whether you perform the division or the multiplication first, as you may remember from math class.

A Bet with No Favorite?

Occasionally, you’ll come across wagers like this one that have no negative money lines:

World Series Champions Money line Odds
New York Yankees +260
Los Angeles Angels +310
Texas Rangers +500
Atlanta Braves +850
Miami Marlins +1,400

The most likely result in this wager, according to the sportsbooks, is the New York Yankees winning the World Series that year.

Thus, the Yankees are the favorites. But don’t become perplexed. When you place a wager with a plus sign, you are utilizing the underdog formula to estimate your possible reward.

An Evenly Matched Bet

How about a wager in which two teams with equal skill levels face off on an impartial field?

Like the wager below, sportsbooks frequently categorize wagers with equally likely outcomes as -110 bets:

NFL Exhibition Money line Odds Winner

  • Bengals -110
  • Lions -110

According to the odds, you must risk $110 with the sportsbook in order to earn $100, irrespective of the side you choose to wager on.

We can assume that the betting public views these teams equally because the money lines for the two probable outcomes are the same.

‌How to Bet on Sports: A Quick Look at Vigorish or Vig

Person A will receive $210 ($100 in profit plus their initial $110 stake) if they wager $110 on the Lions.

As a so-called vigorish fee, the sportsbook retains the remaining $10. Because they pay out a few pennies less than what is staked, sportsbooks are able to maintain their company by charging a little fee for each wager.

The sportsbooks incorporate vigorish, often known as the juice or vig, into each wager.

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How to Bet on Sports: Point Spreads

Now in this How to Bet on Sports guide, let’s get familiarized with point spreads.

If you are a horse racing enthusiast or a golfer, you may find meaning in the term handicap. Promoters discovered long ago how boring it is to watch competitions between opponents who are ill-suited.

Additionally, sportsbooks discovered that it is difficult to persuade gamblers to place bets when the odds are high.

Even-matched competition appeals to bettors and sports enthusiasts. In boxing and wrestling, weight classes exist for this reason.

That explains why you never saw a youthful Sugar Ray Leonard facing up against an aged Muhammad Ali. Watching a greyhound vs. basset hound race makes no sense at all.

Early horse racing promoters knew that if they could somehow make the race more competitive, it would attract greater attention in Paul Revere, the quadruple crown challenger, against a field of horses headed for the glue factory.

Thus, some brilliant person in the far past came up with the brilliant concept of slowing down the quicker horses by giving them weights.

The handicapping system for horses proved beneficial to the industry. Fans and bettors were more interested in hotly contested races, which brought in more revenue for the racetracks.

Amateur golfers with wildly disparate talent levels compete using a handicap system in which the higher-scoring player’s score is conventionally modified.

Even in chess tournaments, there are sometimes unofficial handicapping schemes that require a highly rated player to begin with no pawns or bishops.

This takes us to the subject of sportsbooks, who artificially construct an even wager between two teams that aren’t compatible using point spreads.

All a point spread does is modify the final margin of victory to ascertain which wager wins.

A point spread, which can be either positive or negative, is a figure unique to a specific game. It looks like this:

Spread for NFL Football:

  • The Houston Texans +7
  • Dallas Cowboys -7

The public oddsmakers believe the Cowboys have a better chance of winning than the Texans. The sportsbook has incorporated a handicap in the shape of a 7-point spread in an attempt to make the wager more akin to a 50/50 proposition for the general public.

You might refer to the Cowboys as “are minus 7” or the Texans as “plus 7” while discussing this game.

The Cowboys will have “beaten the spread” by 3 points if they win by 10 points on the field (10 points minus the 7-point spread).

Point spreads allow one team to lose the game and still be in the winner’s pocket, unlike money line bets.

In this instance, the Cowboys prevailed on the field, but won by less than 7, therefore even though the Cowboys won, Cowboys bettors lost.

Here are a few concepts to grasp while analyzing a point spread bet:

  • The favorite is always listed with a negative number.
  • The underdog has a positive number on the list.
  • American betting odds places the home team at the bottom and the away team at the top.
  • The point spread and bet evaluation methodology are unaffected by the listing’s order.
  • A push, which is really another word for “tie,” occurs when the point spread and the field’s margin of victory are equal. If you wagered with a sportsbook in this case, you would receive your initial investment back.

Half is Enough

If you’ve never gambled before, a wager like this one could confuse you a little:

NBA Finals: Spread for Game 3

  • Knicks +7.5
  • Mavericks –5.5

Half points, or the “hook,” are the unit of measurement for point spreads. Half points are helpful since they prevent a push (tie), and as you’ll see later, they can significantly affect a bet’s worth.

Point Spread Slang

Now in this How to Bet on Sports guide, let’s check some popular spread betting slang.

Sports betting has its own slang, much like any other interest. There are numerous ways to communicate the ideas behind a point spread (sometimes called a “spread”).

Here are a few noteworthy ones:

  • The Line: Another word for point spread is “the line.” “What’s the line for the Lakers game?” as an example.
  • Laying: You can refer to a team that is the favored as being laying points. For instance, “Tonight, the Lakers are laying nine and a half.”
  • Getting: You can declare a team is winning when they are the underdog. For instance, “The Warriors are getting four.”
  • Covering: In the event that a point spread wager succeeds, the underdog loses by a margin smaller than the point spread or the favorite wins by a margin larger than the point spread. For instance, “Last night, the Mavericks lost, but at least they covered.”

Point spread wagers that are standard either win, lose, or sporadically push. Your reward is unaffected by the margin of your spread win or loss. Your wager wins whether the team you are betting on wins by 50 points or only a half point against the spread.

Point spread = 0

It happens that teams are truly evenly matched, in which case neither side’s point spread is necessary for the sportsbook.

Gamblers have come up with a term for this circumstance—pick’em or pick, which denotes a game where the spread is zero—instead of going with the simple route. The way to put it is this:

NCAA Championship Spread

  • Butler PK
  • Duke PK

‌How to Bet on Sports: Betting on a Point Spread

If all you want from this How to Bet on Sports guide are examples, this is the part for you.

When not specified, the spread, sometimes called a 10-to-11 or 10/11 bet, have odds of -110 on both sides.

That implies that when you wager on a point spread, you are risking $110 for every $100 you earn.

Let’s see an example:

NFL Regular Season Spread

  • New York Jets +4
  • Atlanta Falcons -4

Although not explicitly mentioned, a wager on any side entails a $110 risk for every $100 in winnings.

That is equivalent to this:

NFL Regular Season Spread

  • New York Jets +4 -110
  • Atlanta Falcons -4 -110

The conditions of your bet, including the point spread, are fixed once you place a wager on a game with a particular point spread, just like they are for any other bet.

After you place your bet, the sportsbook may alter the point spread, but this will not impact how your wager is assessed.

It doesn’t affect your bet, for instance, if you wager on the Bengals +14 against the Patriots and the sportsbook changes the line to Bengals +13 later that day. The game margin still benefits you by giving you an extra 14 points.

Your wager wins if the Patriots win 27-14, but those who were unlucky enough to wager on point spreads after the switch to a +13 spread will only receive a push (tie).

This might easily go against you as well as in your favor. If you had wagered on the other team, the Patriots against the Bengals at -14, and the final score was 27-14, your wager would have lost, but Pats supporters would have received a push in the aftermath.

‌How to Bet on Sports: Spreads and Money Lines Combined

Now in this How to Bet on Sports guide, let’s see how spreads and money lines are combined

You can infer that a point spread bet without any more information is a -110 wager, meaning you are laying $11 in hopes of winning $10.

The sportsbook frequently modifies the point spread up or down to change the overall amount of betting activity based on the state of the betting market.

In order to sway gamblers toward one side of a wager or the other, the sportsbook may also employ the odds themselves as a lever.

A sportsbook may change the odds on the Cowboys -7 point spread bet from -110 to -115 in order to significantly increase the cost of betting on the Cowboys if they see excessive activity on the wager.

Actually, before they alter the point spread, most sportsbooks will make adjustments to the money lines. Examine this instance:

NFL Football Spread

  • Jaguars of Jacksonville –6–115
  • Titans of Tennessee +6 –105

Rather than the standard -110 wager on each team, the sportsbook is providing modified money line odds.

They have slightly increased the odds on the Jaguars compared to a regular bet and slightly decreased the odds on the Titans compared to a regular bet, presumably because they have seen a bit more movement on the Jaguars and would like to attract a few more bettors to the Titans.

Although that change may not seem like much, it marginally reduces the Jaguars’ appeal to bettors and increases the Titans’ appeal.

The method by which you assess a point spread wager for a win or a loss remains unchanged by a modified money line.

For that side of the wager to win in the aforementioned example, the Jaguars must still win by a margin of more than six points.

The only distinction is that bettors on the Jaguars have taken a somewhat higher chance in hopes of making a profit.

Specialty Point Spreads

The run line and the puck line are common point spread wagers in Major League Baseball and the National Hockey League, respectively.

These show modifications to the final score to identify the winning side of the wager, much like a point spread.

Though the point spread in football and basketball varies based on market factors, the run line and puck lines remain constant, with the sportsbook merely altering the corresponding money line on each side of the wager.

This is an illustration of a baseball run line:

MLB – Line for the Playoffs

  • Baltimore Orioles -1½ +140
  • Chicago White Sox +1½ –155

Should the Orioles emerge victorious with that modified score, you will receive a +140 money line.

However, if you wager on the White Sox, you will have to assume greater risk than your profit even though you will benefit from a 1.5-run adjustment in your favor.

If you think one side will win in basketball or football, you can wager on the money line (no point spread) or the point spread (at -110 or odds similar to that).

The money line typically moves in tandem with the sportsbook’s adjustment of a point spread, even though they are two separate bets:

  • The two money line bets move apart as the game’s point spread moves away from zero. They may go from –150 (on the favorite) and +135 (on the underdog), for instance, to –160 and +145.
  • The money lines come closer together as the point spread approaches zero.
  • The money lines for each team settle at –110 if the sportsbook determines that two teams are perfectly equal and adjusts the point spread to zero.

Since the game’s handicap is currently zero points, there is no distinction between a money line and point spread wager.

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‌How to Bet on Sports: Over/Under Betting

Now in this ‌How to Bet on Sports guide, let’s talk about total betting, also kown as over/under betting.

Although I’ve talked about betting on teams, you can also wager on the other popular game bet, the over/under bet (sometimes called the total bet), if you would rather simply cheer for a lot of offense or a defensive struggle.

You are wagering that the total number of runs or points scored in the game will either go over or under a specific total when you place an over/under wager.

When you put an over/under wager, the game’s winner and the winning margin have no influence on the result, in contrast to money line or point spread bets.

You can tell the sportsbook has set the total when you see an over/under bet posted.

The sportsbook’s objective is to establish the total at a value that will divide the action between over bettors and under bettors, as usual.

By default, over/under wagers are regarded as 10-to-11 or -110 wagers, identical to a conventional point spread wager.

Sportsbooks display game totals alongside point spreads in a listing similar to this one:

NFL: Regular Season Predictions

  • Raiders of Las Vegas –3½
  • Seattle Seahawks 44

A menu of games and bets will simply present the over/under point totals opposite the favorite’s point spread because they are always positive numbers.

The Raiders are 3½-point favorites and the over/under is 44 points in the aforementioned case.

This list illustrates four ways you could wager on this game:

  • A wager on the Raiders -3.5 points as the point spread
  • Wager on the Seahawks with a point spread +3.5 rating points
  • A wager that the final score of the game will exceed 44 total points
  • Wager that the final score of the game will be less than 44 total points

These options are all ordinary -110 bets because there is no money line indicated next to either the spread or the total.

Point spread bets and over/under bets work very much the same way. Totals are subject to the whims of the betting market; they will go upward when there is excessive activity on the over and downward when there is excessive activity on the under.

Sportsbooks occasionally adjust the odds to slightly exceed or below -110 in addition to changing the total itself in order to change the betting balance.

Finally, just like point spreads, totals can also be expressed in half points. For instance, the listing for this game may appear to you:

College Football Predictions

  • Florida –9
  • Miami 44½ U-120

There is a wealth of information available here. To begin with, Florida is a 9½ point away favorite.

The point spread is always the negative number in a game listing where there are two numbers. Thus, the total is 44½ points.

The sportsbook has placed a marginally more costly wager on the Under 44½ total, indicated by the U-120 next to the total. For every $100 you gain in this scenario, your wager would need to be $120.

Unlike betting on a side (that is, a team with a money line or point spread), over/under betting produces an intriguing and unique dynamic.

When you wager on a total, you end up rooting for the offensive or defensive units of both teams.

Additionally, there are rare instances (particularly in football) where, as an over bettor, you develop an intense admiration for a team’s defense because, with the game tied near the end of regulation, the defense’s stop could win your over bet by sending it into overtime, where both teams could potentially score more points.

Speaking of which, over time is always a part of the package for your bet unless you specifically excluded it when placing your wager.

Overtime or extra innings are a component of any bet, regardless of whether it is on a money line, a point spread, or an over/under wager. The only score that counts is the final score, which includes any overtime.

You can give yourself a pat on the back for correctly predicting that the Broncos will stay within 3 points for 4 quarters if you bet on the Broncos +3 versus the Vikings and the game ends tied. However, your wager hasn’t yet won.

It can be as frustrating as placing an under wager on a basketball game that finishes tied but much below the total at the end of regulation.

However, if you have placed a wager on a strong favorite who can only win in overtime, overtime may provide you a second opportunity.

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‌How to Bet on Sports: Multi-Bet Wagers

If you wish to know about ‌How to Bet on Sports, you need to learn about multi bets, which includes parlays and teasers.

The ability of sportsbooks to draw in wagerers has improved, and one significant development in the sports betting industry has been the development of wagers that link the results of two distinct events.

‌How to Bet on Sports: Parlays

Next in this ‌How to Bet on Sports guide, let’s see what parlays are.

Suppose you have a small amount of money to wager and you discover two NFL games that you are utterly devoted to.

Your strategy is to lay the first -110 wager and then use all winnings to fund a second -110 wager in order to optimize your profits. That implies that if the first game wins, your $10 investment will increase to $19.09.

After that, you’ll wager the whole sum on the second game in an attempt to convert it to $36.45.

The sole issue is that since all the games begin at the same moment, you can’t just leave your winnings alone, is there?

Thankfully, you can choose to let your wager ride virtually with the sportsbook by placing a parlay bet.

A parlay bet involves choosing two (or often more!) bets and linking their outcomes. When each of the individual bets wins, the parlay bet wins as well. The payout is essentially the same as the previously mentioned “let it ride” tactic. Here’s a brief example:

Game 1

  • New York Jets 47
  • Falcons of Atlanta – 4

Game 2

  • Las Vegas Raiders 43
  • Seattle Seahawks – 7

You choose to parlay both of the above-mentioned favorites for these two NFL games. In plain English, you’ve “parlayed the Seahawks -7 and the Falcons -4 for $10.”

If both teams cover their respective spreads and win their individual bets, your bet wins. If neither side is able to cover the spread, this parlay loses.

Parlaying two – 110 bets in this manner will pay out at 2.6-to-1, or +260. If you win, your $10 will now be worth $36.

The following are some essential parlay facts:

  • The majority of sportsbooks allow you to parlay up to twelve or more wagers. Just keep in mind that for the parlay to be profitable, each wager must win.
  • In a parlay, you can combine different types of bets. You can add wagers from several sports to your parlay in addition to parlaying point spread bets, total bets, and even money line bets.
  • It’s okay for you to combine games on different days and hours. You may combine an NFL Sunday afternoon game with an NBA Wednesday night game in November.
    Your parlay is not lost if one of the legs is canceled or—more likely—pushes.
  • In terms of payoff odds, the sportsbook just treats your parlay as though it were one size smaller. Your payout will be based on the 3-team parlay odds and you will need to win the final three bets in your 4-bet parlay if there is a push.

Parlay Odds

The probabilities of each wager that makes up a parlay are entirely dependent upon those odds.

The good news is that most sportsbooks offer payout levels that are consistent when parlaying -110 bets.

Your parlay wagers are not limited to -110 wagers. If you’d like, you can combine two -250 money line favorites or two +250 underdogs.

You should be aware that the sportsbook will pay you less for parlaying two strong favorites and will pay you far more than the typical 13-to-5 for parlaying two underdogs.

What is the parlay’s payoff amount? To find out, simply ask your sportsbook. There is no simple technique to compute the math with money lines if you wish to do it yourself.

All the legs of your parlay can be multiplied together, though, provided you convert each money line to the European-style decimal odds that were stated in a sidebar earlier in the chapter.

Remember that decimal odds only indicate how much the sportsbook gives you back for each $1 wager. A -200 money line, for instance, corresponds to 1.5 decimal odds.

Three separate -200 bets parlayed together would make every $1 wager equal to 1.5 times 1.5 times 1.5 = 3.375 or $3.37. That is the $2.27 in profits added to your $1 bet.

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‌How to Bet on Sports: Teasers

And now in this ‌How to Bet on Sports guide, let’s see how teasers can be a huge tiny assistance.

Like a parlay, a teaser bet connects two or more wagers that must all win in order for your wager to win.

The catch is that the games have an inherent advantage over the market value of the total or the point spread.

The sportsbook then lowers the bet’s payoff odds to make up for altering the handicap on the games.

In order to place a teaser wager, you must first choose two or more bets. Next, you must choose a spread or total handicap, which is applied to each game.

A 6-point football teaser, for instance, on the Raiders and Falcons would modify the spread in each game to favor your clubs by six points.

So, by teasing a wager, you increase your odds of winning each leg by gaining those extra points.

On the negative side, compared to a parlay, the payout is significantly smaller. Specific payouts for a pro football teaser and a pro basketball teaser are listed in the following table. Similar to a parlay, your payoff increases with the number of bets you place.

Number of Bets in Your Teaser 6-Point NFL Payout Odds 4-Point NBA Payout Odds
2 5 to 7 10 to 11
3 8 to 5 9 to 5
4 12 to 5 13 to 5
5 4 to 1 4 to 1
6 6 to 1 13 to 2
7 8 to 1 9 to 1
8 10 to 1 12 to 1

Here are a few additional basic teasers:

  • You can include spread and over/under bets in your teaser, just like parlays.
  • Every wager is subject to the point modification from your teaser. When you wager a 6-point teaser on the Falcons/Jets under 47 and the Seahawks –7, the adjusted total for the former scenario is 53, and for the latter, it is Seahawks –1.
  • Basketball (4, 5, or 6-point teasers) and football (6, 6.5-, and 7-point teasers) are the sports where teasers are most frequently used. Other handicap possibilities are available from some sportsbooks.
  • Most experts would advise against mixing sports when placing a teaser bet because each point has a different worth depending on whether you’re talking about basketball or football, professional or collegiate.

Variations on a Theme

Gaining a thorough understanding of these fundamental betting ideas allows one to place an infinite number of wagers on athletic events.

Here are several bet examples that utilize the principles of money line, point spread, and total:

  • Bet on a quarter, half, inning, or period: Sportsbooks will list totals, money lines, and point spreads that are applicable to certain parts of the game. For instance, you might want to consider putting a money line wager on UCLA to win the first half if you believe the team has a propensity to start fast but fade later.
  • Various point spreads: If you’re ready to wager with a different point spread, you can obtain a different money line. For instance, if you’re willing to wager Hawaii -13, you can obtain a +200 money line in place of a –110 wager on Hawaii –6. (To what extent do you believe in the Rainbow Warriors?)
  • Over/under team points: This wager pays out when you place a wager above or below the sportsbook’s estimate for a specific team. It functions similarly to an over/under wager on the overall number of points.

Exotic bets

Although there isn’t a precise definition, most people divide exotic bets into the following general categories:

  • In a single game, a prop bet is a gamble on a particular proposition. Examples include a team scoring inside a specific range of points or a single basketball player making a specific amount of 3-pointers.
  • A futures bet is a betting on a particular sports outcome that may take several games or even the full season to resolve. Typical futures wagers include picking an NFL club to qualify for the playoffs or win the Super Bowl.
  • Each sport offers a unique selection of prop bets and futures bets. Typically, odds are offered just like with any other money line bet.

‌How to Bet on Sports: Prop Bets

For most people, betting on spreads and totals is no longer sufficient.

Any wager that is not a typical point spread, moneyline, or total is considered a prop bet.

However, when individuals discuss props, they frequently mean player props like:

  • Over or under Steph Curry’s 5.5 assists
  • Over or under 7.5 strikeouts for Max Scherzer
  • Derrick Henry is the first TD favorite at +500

With props, you frequently have to pay the associated cost, just like with point spreads.

In this instance, Scherzer had 7.5 strikeouts against the Reds. YouWager’s lines, however, indicate that he will most likely go under, therefore betting the under is more expensive than betting the over.

Props are a wonderful place to start if you’re serious about betting on sports to make money.

The fact that U.S. sportsbooks provide hundreds of props on every game increases the attack surface because they are unable to price them all fairly. Even if you don’t develop your own statistical models, keeping track of particular props and learning how they are valued can offer you an advantage against bookmakers.

 

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How to Bet on Sports: Money Liney, Spreads, Totals, and More.