May 22, 2020 Of course, betting the New York Yankees at -1.5 to bring down the odds from -190 to -110 isn’t too fun when they win 4-3 and you don’t cash a bet. Betting on the point spread is the most.
- Plus And Minus In Betting Spread
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- Plus And Minus Betting Odds
If you have ever wondered how sports betting works, then you’re in the right place.
We’ll show you everything you need to know about sports betting basics, odds, and even payouts.
- Lf l bet on team A to win how will +3 or -3 effect my bet. What do the terms plus and minus mean when betting on football? If l bet on team A to win what EXACTLY does this plus/minus mean?
- With money lines, remember that plus signs mean underdogs and minus signs mean favorites. North Carolina is an underdog at +135 and since they are the underdog, you make more than you bet if they win. A bet on North Carolina would pay $135 for every $100 you bet. When betting on favorites to simply win, you won’t be getting as much as you bet.
- The plus and minus side are not exclusively seen in moneyline bets. There are also plus and minus signs applied when betting the spread and remember overtime counts! Click here to read our article about overtime and the point spread Just like the moneyline, the minus represents the favorites, while the plus represents the underdogs.
- What does 'plus' and 'minus' mean as a sports betting term? Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to.
Placing wagers might just have started from the first civilization.
Back then, it was called casting lots, and it was more or less a form of gambling.
Who started sports betting?
No one knows.
But you can rest assured that from the very first sporting event, people have been casting lots and placing bets for a long time.
So if you’re curious about it and would like to know how sports betting works, then keep reading.
How Sports Betting Works
Sports Betting Basics: What Is Sports Betting?
If you’re at least in your early teens, then chances are you already know what a bet is, and it is very likely that you’ve already won a few stakes yourself, with the loser doing a few of your chores as a result of you being right.
It’s also very likely that you’ve also had to do a few chores too for getting it wrong yourself.
Now that you have a perfect example of what betting is, it’s time to relate those childhood games you used to play to the big multi-billion dollar business that is sports betting.
In Sports Betting, you place a bet on an event, say the Steelers beating the Ravens (this is just an example you can place bets on different sports), and the Steelers actually wins, then you’ve won some money.
But if the Ravens are victorious, then you lose your bet.
For some, sports betting is a way to make money, and others do it for its fun.
It gives them an added reason to enjoy a particular game.
It gets them more involved in a contest in ways they wouldn’t have if they didn’t have some money riding on the outcome of that particular contest.
The Plus (+) & Minus (-) Signs
In sports betting, especially in America, the plus (+) sign denotes how much a $100 bet will payout.
The minus (-) sign denotes how much you have to use to place a bet to get a payout of $100.
However, the plus and minus signs are also used for more exciting kinds of bets like the point spreads.
The point spreads (Europeans call it Handicap) are one of the most common types of wagers, with the lines of such wagers being displayed with the plus and minus signs.
For most games, there’s usually a favorite and an underdog.
The favorite gives points to the underdog and is displayed with the minus sign, while the rest/underdog who takes points from the favorite is displayed with the plus sign.
Let’s take a look at the example below.
Pittsburgh Steelers vs. Baltimore Ravens
Point Spread: Steelers (+3) -110; Ravens (-3) -110.
This is an example of a point spread.
The Pittsburgh Steelers have a game at Baltimore against the Ravens (the home team is displayed second).
The Baltimore Ravens, who are favorites, are down 3 points, and placing a wager on the Ravens means they have to win with at least four points to get a payout.
Placing a wager on the Steelers, who have a 3 point advantage, means you get a payout when the Steelers win the game or lose by 1 or 2 points or if the match ends in a tie.
The -110 means you get $100 in profit when you wager $110.
The point spread lines could also come in fractions like the example below.
Pittsburgh Steelers vs. Baltimore Ravens
Point Spread: Steelers (+4.5) -110; Ravens (-4.5) -110.
If you placed a wager on the Steelers, you’d need an outright win or a loss by four points or less, while the Ravens have to win by at least 5 points to get a payout when you place a wager on the team.
The Money Lines
With money line bets, you don’t have to worry about points or runs.
You just place your wagers on who you think would win.
It doesn’t matter how many points or runs a team is able to get.
As long as they win, you get a payout.
Money line wagers are also displayed with plus and minus signs, which just signifies the odds.
Odds just tells you how much you can win with a particular wager or how much you need to bet to win the desired amount.
As usual, the favorites are displayed with the minus sign attached to the number, while the underdog has the plus sign attached to its number.
As a newbie, you might find the money lines market a little confusing, but it gets easier once you get the hang of it.
Let’s take a look at this example.
Baltimore Ravens (-200) Roman power slot machine.
No deposit mecca bingo game. The Baltimore Ravens are clearly the favorites with the minus sign. It also means that you would have to wager $200 for a chance to win $100.
Pittsburgh Steelers (+180)
With Pittsburgh Steelers being the underdogs, they have a much larger payout than the Ravens.
The +180 means with a $100 wager, you walk away with an extra $180 in the event that the Steelers beat the Ravens.
Totals or Over & Under Betting
The Totals market deals with the number of points scored in a contest.
There are usually options for both teams as well as each team.
Here’s an example.
Baltimore Ravens vs. Pittsburgh Steelers
Over 46.5 points -110; Under 46.5 points -110
In this example, you place wagers on whether the total score would be over 46.5 or under 46.5.
If you believe the total score would be more than 46.5, then you should place your wager on the Over 46.5.
But if you strongly believe that the total score would be less than 46.5, then that’s the option you should bet on.
Baltimore Ravens
Over 25.5 points -110; Under 25.5 points -110
While the previous example shows lines for the total points scored by both teams, this example shows lines of the number of points scored by the Ravens in a match against the Steelers.
The same rules still apply; the only difference is the opposing team’s points, which in this case, the Steelers will not be included.
The Total or Over / Under market is an excellent option for a rookie who wants to start sports betting.
But the bookies who determine these betting lines are really smart, and as you go further, you come to realize how much more challenging these lines can be.
The Over and Under betting can be found in Football, Baseball, Basketball, Tennis, Soccer, and several other Sports.
Where to Place Bets
When it comes to where to place bets, there are two main places to place your bets. The physical or land-based sports bookies and the online sports betting websites.
The land-based sports bookies are found in casinos and several other places.
While on the online sports betting websites, all you have to do is create an account, fund it and start placing bets on your favorite sports.
For more convenience, betting online is the best option for many.
Conclusion
With this guide on how sports betting works and sports betting basics, you’re sure to take your bets from total novice to a pro.
Let us know your thoughts in our comments section below.
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Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand.
The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren’t created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game. In a way, the point spread will even the field for both teams.
The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread.
The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. The underdog in a game is listed as being plus (+) the point spread.
Let’s use the upcoming Super Bowl between the Kansas City Chiefs and Tampa Bay Buccaneers as an example.
Using this example, the Chiefs opened as 3-point favorites over the Buccaneers (currently Chiefs ). The Chiefs need to win by 4 or more points to cover the spread.
Likewise, the Buccaneers opened as 3-point underdogs. That means the Buccaneers would need to win the game outright or not lose the contest by 4 points or more. If the line is Chiefs -3 and they win by exactly 3 points, the betting result is a “push” and bettors for both sides would get their wagers refunded.
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Plus And Minus In Betting Spread
ALSO READ: 5 Fun Super Bowl prop bets to consider
Point spread betting odds
Point spreads are usually set with -110 odds, but pricing often fluctuates at online sportsbooks. This is the sportsbook operators’ house edge. The odds guarantee the sportsbook operator will see a little money over time. When the odds are set at -110, the bettor must wager $110 to win $100 (or $11 to win $10).
![Minus Minus](/uploads/1/3/5/9/135962776/752568860.png)
The odds on a point spread are most commonly known as the vigorish or “vig” for the sportsbook. You might hear this small profit margin for the sportsbook called the “juice” by some sports bettors.
Point spread FAQs
What does ‘pick em’ or ‘pick’ mean in NFL betting?
A “pick em” (sometimes seen as “pick”) is when the teams have a point spread of zero, meaning neither team is favored. In this instance, you’re essentially picking moneyline and your bet will be determined on the winner alone.
Plus And Minus Games
What does -7 and +7 mean in NFL betting?
A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded.
A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push.
What does -3 and +3 mean in NFL betting?
A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager.
A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.
Why are point spreads in the NFL so much lower than in college?
In 2019, the Baltimore Ravens led the NFL in point differential per game at +13.7 points; the Miami Dolphins ranked last in the NFL in point differential per game at -11.7. Even Kansas City– known for their explosive offense– had an average point differential in 2019 of just 9.7 points. The net point differential in the NFL is -14.1, or -0.9 points per game. Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.
NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around 15-20 point favors. (For those wondering, the 1941 Chicago Bears hold the NFL record of point differential at +15.7 points per game. Conversely, Ohio State had a +33.1 average point differential in 2019.)
Point spread and odds movement
Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make. Blackjack app store download.
Plus And Minus Betting
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.
For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from -112 to -115 and -120 before the line moves to -3.5.
Run and puck lines
Plus And Minus Betting Odds
Football and basketball games are mostly bet using a point spread. The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively.
Plus And Minus Betting Odds
These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting. Since points (runs and goals) aren’t as easy to come by in baseball and hockey, the odds with the lines may have a wider spread than a football or basketball game.