How to Read a Sports Betting Board?
Contents
A sports betting board is a tool that lists all the available bets on various sporting events.
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Moneyline
Deciphering a sports betting board can be tricky if you don’t know what you’re looking at. There are a few different ways to read a sports betting board, but we’re going to focus on the moneyline. The moneyline is the most common way to bet on sports. If you’re new to sports betting, the moneyline is a good place to start.
Positive and Negative Odds
In gambling, the favorite is the team or individual expected to win. The underdog is the team or individual not expected to win. In moneyline betting, oddsmakers adjust the line so that the underdog gets an advantage. When two teams with different odds meet in a game, the team with the lower odds is said to be giving up or receiving points. The amount of points a team gives up is set by oddsmakers. For example, if two teams meet in a basketball game and one team is -5 and the other team is +5, the first team is giving up 5 points.
Decimal and Fractional Odds
If you’re just getting started betting on sports, you’ve probably noticed that there are two main ways that odds are displayed – decimal and fractional. Both of these formats show you the potential return on your investment, but they do so in different ways. In this article, we’ll take a look at both types of odds and show you how to read them.
Decimal odds are the most common type of odds in European countries, as well as Australia, Canada and New Zealand. These odds show you the potential return on your investment as a decimal number. For example, if you see decimal odds of 1.50, this means that for every £1 you bet, you will receive £1.50 back if you win (or £0.50 if you lose). Decimal odds also include your original stake in the return, which is why they are sometimes referred to as “ European Odds” or “Continental Odds”.
Fractional odds are more commonly used in the United Kingdom and Ireland, but they are also popular in horse racing jurisdictions such as Hong Kong. These odds show you the potential return on your investment as a fraction of your original stake. For example, if you see fractional odds of 1/2 (or “Evens”), this means that for every £2 you bet, you will receive £1 back if you win (or £2 if lose). As with decimal odds, your original stake is not included in the return.
Spread
The spread is the most common way to bet on basketball and football games. The spread is the number of points that the oddsmakers believe will be scored in the game by each team. The spread is expressed as a number with a plus or minus sign in front of it. For example, if the spread is -7, that means that the oddsmakers believe that the home team will win by 7 points. If the spread is +7, that means that the oddsmakers believe that the away team will win by 7 points.
Point Spread
In sports betting, a bet on the favorite involves giving up points in order to receive better odds. The favorite is the team that is expected to win the game and will be given a negative point spread. The underdog is the team that is not expected to win and will be given a positive point spread.
For example, if the New England Patriots are playing the Buffalo Bills and are favored to win by 7 points, they will be given a -7 point spread. This means that if you bet on the Patriots, they must win by more than 7 points in order for you to win your bet. If they only win by 7 points, or if they lose the game outright, you will lose your bet.
Conversely, if you bet on the Bills as the underdog, they can lose by up to 6 points and you would still win your bet (provided they don’t lose by more than 6 points).
Run Line
A run line is simply a moneyline with 1.5 runs added to the final score of the underdog or subtracted from the final score of the favorite.
The reason for the 1.5 runs being added or subtracted is to eliminate the possibility of a push, which would occur if the final difference in runs between the two teams was exactly equal to the run line.
The run line essentially turns every baseball game into what amounts to a spread betting situation, with bettors wagering on whether one team will win by more than 1.5 runs or if the other team will lose by less than 1.5 runs.
Puck Line
In hockey, the puck line is +1.5/-1.5. That means the team must win by two or more goals (or lose by one goal) in order for bettors who took the favorite to cash their ticket. If you bet the underdog, they can either lose by one goal or win outright and you will still win your bet
Total
The “total” is the number of points scored in a game. This is also called the “over/under.” For example, in a football game, if the total is 48, that means the oddsmakers believe that the two teams will score a combined total of 48 points. If you bet the “over,” that means you think the two teams will score more than 48 points. If you bet the “under,” you think the two teams will score less than 48 points.
Over and Under
Over/under bets are relatively straightforward. You’re simply betting on whether the total number of points scored in a game will be over or under a certain number. The sportsbook will set a number, and it’s up to you to decide whether there will be more or fewer points than that number. For example, let’s say the Los Angeles Lakers are playing the Charlotte Hornets. The over/under might be set at 210.5, meaning you can bet on whether there will be more or fewer than 210 points scored in the game.
If you think there will be more than 210 points scored, you would bet the over. If you think there will be fewer than 210 points scored, you would bet the under. It’s important to note that you would need to bet $110 to win $100 on either side (or $10 to win $9, if you’re betting at -110 odds), as sportsbooks need to make money too.
Parlay
A parlay is a single bet that links together two or more wagers; to win the bet, all of the wagers must win or push. If any of the wagers lose, the entire parlay loses. A parlay is a great way to increase your potential winnings from a single bet, but it is important to remember that all of the wagers must win in order for you to collect any money.
Round Robin
Round Robin sports betting is a form of parlay betting that involves creating multiple combinations from a given set of picks. For example, if you had threebetting slips each with two picks on them, you could create a Round Robin bet that would include all three combinations of those picks.
With Round Robin bets, you are essentially covering all of your bases and increasing your chances of winning, but be aware that the more combinations you make, the higher your overall bet will be.
A teaser is a type of bet that allows you to adjust the point spread or totals line in your favor. For example, let’s say you want to bet on the New England Patriots to beat the Miami Dolphins. The point spread might be +7 in favor of the Patriots. If you bet on the Patriots, they would need to win by more than 7 points for you to win your bet.
However, if you put together a teaser bet, you could lower the point spread in your favor. For example, if you put together a 6-point teaser, the Patriots would only need to win by 1 point for you to win your bet. You could also raise the point spread in your favor, but this would obviously decrease your chances of winning your bet.
