On the other side of the equation, the Lakers are in the underdog role. So, for every $1 risked on L.A to win, a $2 profit is returned. You can see a wide range of profits for a moneyline, because the underdog and favorite can be far apart straight up with no point spread. Simply put, you will have to risk a whole lot more money on a favorite to profit. On the flip side though, if you bet on the underdog, the potential profit is a lot bigger on the moneyline than betting on the point spread. That is because the likelihood of the underdog winning is slim on the moneyline.

Do Bookmakers Ever Lose?

This is because in money line betting, the stronger the favorite, the lower return you’ll receive on that team (conversely you’ll receive a higher return on the underdog). Moneyline betting is generally offered on all sporting events, even those that also use the point spread, such as football and basketball. In these instances, you’ll have to do some quick math to see which form of oddsmaking promises a greater payout, if any. Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard’s chances of winning are much greater.

Soccer Betting Odds Comparison

The pick may have changed and it is no longer available; the event may have now started or completed; or How To Calculate Horse Racing Betting Odds And Payoffs liability limits may have been reached. A Win/Place (also sometimes known as an ‘Each Way’) refers to a two part bet; one part on the Pick to Win, the second part on the Pick to Place. The place part of the bet will be settled according to the Win/Place terms posted for each event (e.g. 5 places at 1/4 of the odds). Selection offered in many bets to predict that a goal, point or any increment will be below then the set line. “Same Game Parlay” or “SGP” means a type of PlayNow Sports Bet consisting of a parlay with a minimum of two distinct selections from the same event. A bet offered on any of a variety of situations, circumstances or occurrences within an event.

You’d likely be able to get a moneyline of about +110 instead of the -110 and +2.5 points. The key here is that very few games are decided by 1 or 2 points, so if you handicapped this game as a 50/50 proposition, then getting the +110 will be a much more profitable proposition. It doesn’t have to be just small underdogs, you can still find value with larger underdogs as well. On a +7 underdog, you may be able to get a +285 moneyline. If after your analysis you see the underdog will win 33% of the time, then you now have another profitable situation where your break-even percentage is at 26%. Anybody who wagers on the 49ers would need them to win by 7 points or more for a winning bet.

Since 2004, the game has been played on the first Sunday in February. It is the pinnacle of a regular season that begins in the late summer of the previous year. As shown by the above guide, the actual process for depositing should never take more than a couple of minutes. For most deposit methods, too, funds should appear in your account instantly once the process is complete. The only exceptions to that can be in the case of bank or wire transfers which can take up to a few days to process fully. Fill out the rest of the fields on the same form with information pertinent to your deposit, including the deposit amount and any deposit limits you may wish to set.

The moneyline, then, is a powerful situational tool for people who closely follow the NBA. The house vigorish – and your chances of winning – get worse with the more teams you add. So while some sportsbooks will let you place a 15-teamer with astronomical odds, you probably have a better chance of being struck by lighting – twice – before winning one. You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms. Congress banned sports betting in 1992 while allowing it in four states — Nevada, Delaware, Montana and Oregon — that had already been offering it.

The apps have come a long way over the last few years, and they mirror the online site. Before you look to place a bet on an NFL game, be sure to check out the rules and regulations for that state to ensure that you are set to make a legal wager. Only regulated sportsbooks in the United States can offer legal NFL betting.

Betting on the underdog and receiving the advantage of the positive Point Spread. Any bet outside of the three basic types or their derivatives (Money Line/1×2, Handicap/Spread, Total). Abbreviation for “starting price”, which is the official odds returned in UK horse racing/greyhound racing. The Spread/Handicap applied specifically to baseball and relating to the number of runs in the game. The influence of bets from recreational punters normally on the favourite, and struck close to post time.

Handicapper Dan Kilbridge writes about college football, MLB and other sports for Bookies.com after spending three years covering Tiger Woods’ comeback and the PGA for Golfweek. This means Over bettors need to risk $115 in order to win $100, while Under bettors only need to risk $105 to win $100. Head to the Bookies.com NFL odds page and you’ll see the latest point spread, Over/Under and totals odds for the Chiefs-Colts game. Knowing how to bet on the Over/Under market comes down to looking at the same information available to bookmakers and drawing reasonable conclusions.

By doing so, beginners can rely on the knowledge and expertise of “sharps,” who always do their research. Occasionally, a coach will also make a last minute decision to switch out their starting goaltender or starting pitcher . This will drastically alter the odds or line placed on a game, minutes before the action begins. If the Montreal Canadiens decided at the last minute the give Carey Price a night of rest and play Antti Niemi, this would doubtless impact the line or odds sportsbooks assigned to that game.