What do the lines mean in sports betting?
What do the lines mean in sports betting?
A betting line is the number set by the sportsbook that helps to handicap a certain game or sporting event. These lines give each side a 50/50 chance to win the game, making for a tougher decision for the sports bettor.
What does +4.5 mean in sports betting?
For a bet on Pittsburgh to win at +4.5, they can either win the game outright or not lose by an amount that surpasses 4.5. For Cincinnati to win, they must win the game and do so by a number greater than 4.5. In other words, if it’s 21-17 Cincinnati, a bet on Pittsburgh would win by a half-point.
What does +8 mean in betting?
You can also “buy” points with a “teaser bet” in which you can move a +7 line to +8 but the odds may shift from -110 on the +7 to -135 at +8, meaning less of a return on your winning ticket. You can have key numbers on OVER/UNDER totals as well.
What does minus 140 mean in betting?
Let’s say a team is listed at -140 on the moneyline. That means you have to risk $1.40 for every $1 of profit. If a team was at +140, that means you only have to risk $1 to win $1.40 or $100 to win $140. The key thing to keep in mind is that the payouts are constant regardless of how much you bet.
What do NFL betting lines mean?
The favorite is posted with a minus sign and a number. That number represents the amount of cash that has to be wagered in order to win $100. The underdog, on the other hand, is listed with a plus sign in front of a number. That number shows how much a bettor wins when they bet $100.
How are betting lines set?
Oddsmakers lean on computer algorithms, power rankings, win totals, futures and consultants to determine the odds. Oddsmakers tweak the line based on adjustments, including injuries, weather, home-field advantage and head-to-head matchups.
What does +5 mean in sports betting?
For example, let’s say the Dallas Cowboys (+5.5) are playing the New England Patriots (-5.5). If you bet on the Cowboys, they don’t have to win, they just have to lose by 5 points or less. If you bet on the Patriots, they have to win by at least 6 points.
What does +240 mean betting?
Underdogs (e.g. Jets +240) work a bit differently. Instead showing how much you need to risk to win $100, this line tells you how much you stand to win on a $100 wager. That means if you bet $100 on the Jets, and they win, you would win $240. If the Jets lose, you are only out your original $100 wager.
What does 30 to 1 odds pay?
The odds and what they mean
| Odds | Payoff range |
|---|---|
| 10-1 | $22.00-$23.90 |
| 15-1 | $32.00-$33.90 |
| 20-1 | $42.00-$43.90 |
| 30-1 | $62.00-$63.90 |
