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Sports betting - Wikipedia Betting money line meaning How to Read Betting Lines - The Point Spread & Money Line Betting money line meaning


Betting money line meaning

If your sports betting experience consists mostly of office pools during March Madness or a casual wager between you and a friend while you watch the Super Bowl, the transition to serious sports betting means learning how to read betting lines. The biggest difference between making the kind of casual bets mentioned betting money line meaning and placing wagers with online sportsbooks or at brick-and-mortar bookshops is the use of sports betting lines.

Professional bookmakers, online sports betting just click for source, and sports betting facilities in casinos have a more complex system for offering wagers on sporting events, in part to ensure profit on the part of the book, and in part to present a standardized representation of odds. What may look like a jumble of words, numbers, and punctuation is actually betting money line meaning precise and easy-to-read breakdown of whats the best online casinos various odds and point spread details your book is offering.

Here is a breakdown of each unit of information given above. Wagers on the point spread are among the most popular sports wagers in the world. Placing betting money line meaning point spread bet means gambling on how much a team will win or lose click the following article. In our above example, the Cowboys are the favorite.

How do we know that? The minus symbol in front of the point spread betting money line meaning that the bookmaker thinks the final score will have Dallas winning by 7.

Should the Cowboys win by less than 8 points, your bet is lost. A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash.

You determine a winning or losing point spread by adding or subtracting 7. When you see a line with a full number instead of a number with a half point, your wager could end up as a push. In our example, if the line were 7 instead of betting money line meaning. Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit.

The last number in the top two rows of our sports line example is known as the money line. The final line of information in our example line is the over-under. Wagers placed on the over-under have nothing to do with which team wins or the difference between the points they score, but rather the combined number of points both teams will score in the game.

The first number Betting money line meaning could be Dallas 54, New York 3, or any other point combination that adds up to 57 or more and your bet will win. Betting the under means that the two teams cannot visit web page betting money line meaning than 56 points combined, betting money line meaning else you lose your bet.

Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives read more lot of information in a tiny amount of space.

Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. How to Read Betting Lines If your sports betting experience consists mostly of office pools during March Madness or a casual wager between you and a friend while you watch the Link Bowl, the transition to serious sports betting means learning how to read betting lines.

What does the last number in the line mean? What does the bottom row of numbers and letters mean? Top 3 Sportsbook Reviews read review. Chicago Blackhawks at Washington Capitals. New England Patriots at Dallas Cowboys. Washington Nationals at Atlanta Braves. September 28, Monday Night Football Betting: September 27, Sunday Night Football Betting: Denver Broncos at Detroit Lions.

San Diego Chargers at Minnesota Vikings. San Francisco Giants at Oakland Athletics.


Understanding money lines or "What does really mean?" : sportsbook

Then check out our wiki page. Please try to keep all discussions under the daily threads. Selling of picks is not allowed here and will be removed by the moderators. List of sportsbooks that accept US accounts with previous discussions about those books linked.

Understanding money lines or "What does really mean? I was listening to one of my favorite gambling podcasts today and the host made the point that people intuitively understand what a spread means, but have trouble understanding moneylines. I know that this was certainly true for me when I first started gambling, so I thought I might take a shot at explaining moneylines for those of you who might still be strugling with the concept. This is a good bet meaning it has positive expected value if I believe that the Celtics have at least a This is a good bet if I believe that the Hawks have 300 deposit bonus least a The key to understanding money lines is in determining what chance of winning gives me a positive expected value.

Suppose that we must bet x dollars to win y more and that we have a probability of victory p. Then we can expect to win py dollars and expect to lose 1-p x dollars. We will break even when our expected winnings equal our expected losses so:.

This means that our break even probability of victory is found by taking the betting money line meaning we must bet and dividing by visit web page sum of our bet and the amount we stand to win. Most of the betting money line meaning a spread bet will be at What about betting heavy favorites?

The Spurs are currently to win the best of seven series against the Jazz. That gives us European books use a different and much simpler click at this page my opinion odds system. They will present odds in decimal format where you will multiply your bet by the decimal value to find out what your betting money line meaning is.

This decimal value includes the return of your original bet plus your betting money line meaning. Here is a table which may help you in your betting.

It shows the minimum probability of victory you need to break even on the given money line:. I hope that some of you find this useful. Is this how you base it? How you come up with the chance of winning is really up to you. Some people go on gut, others use mathematical models. The important thing is that you understand what winning percent is required for a bet to be profitable. On top of that football is really my primary sport.

This is a very helpful post, would it be ok with you if we put a permanent link to this post in the sidebar? Check out betting money line meaning similar blog post http: From experience, there is always someone in line if you are gambling on the strip betting money line meaning puts in a bet This irritates me to no end when betting money line meaning friends want to place bets through me. Betting money line meaning of this site constitutes acceptance of our User Agreement and Privacy Policy.

Log in or sign up in seconds. Submit a new text post. Want to bet with bitcoin? Check out this guide. Getting Started with Bitcoin Betting Wanna chat?!?! Trying to find a sportsbook that accepts US players?

List of sportsbooks that accept US accounts with previous discussions about those books linked Other Useful Links: This is an archived post.

Today on 5dimes I see the following: We will break even when our expected winnings equal our expected losses betting money line meaning It shows the minimum probability of victory you need to break even on the given money line: Added a column with decimal odds for our European friends. Each to their own I guess. Handy to also know the conversion as well. Posts are automatically archived after 6 months.


What is the "Spread" in Sports Betting

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When you make a moneyline wager, you bet on the outright winner of the event without taking the point spread into consideration. There are still favorites and underdogs, but instead of being handicapped or assisted by head starts, the competitors are given odds to win the game or event.
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How to Read Betting Lines. What does the last number in the line mean? indicates how much money you’ll earn for every $ you bet on the money line.
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What is a Money Line or Straight Up Wager? Check out definitions and learn how to bet money line odds and straight up wagers at The Spread.
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When you make a moneyline wager, you bet on the outright winner of the event without taking the point spread into consideration. There are still favorites and underdogs, but instead of being handicapped or assisted by head starts, the competitors are given odds to win the game or event.
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What is Money Line? This is a type of betting line which lays out the amount a player must wager in order to win $, or the amount the player wins on a wager of $ There is no point spread or handicap in this line. In order to win a moneyline bet, the team wagered on simply has to win the game.
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