Sports Betting Odds - Wagering Lines
For
those of you who have never encountered sports betting odds
before (are there really that many?) we present a quick view of wagering
lines and how each type of bet works whether you play in
real life or doing a little online
betting too.
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Sports Betting Odds: Straight Bets
Straight bets in sports betting are a bet on
the outcome of a game, relative to a point spread. The point
spread adds some points to the underdog team that the favorite
must overcome. If you see a 'P' or the word 'pick' then it's
an even up match and you just pick one side or the other. The
point spread is expressed in units of 1/2. Sometimes an apostrophe
is used to signify half a point. When making a straight bet
you often have to wager $11 to win $10. This extra buck is a
10% vig, or vigorish, and is a kind of commission to the sports
book.
Wagering
Lines : Money Lines
Sports betting on money lines involves a
simple bet on the true winner of a sporting event without
any point spread. Since one team will be favored most of the
time, if you want to bet on the favorite you must bet more
than you stand to win (laying odds, in sports betting odds
lingo). If you bet on the underdog you stand to win more than
your bet (taking odds).
Sports
Betting Odds: Futures (or 'props')
Futures usually pay long odds that a specified event will
occur like a championship winner or, outside of sportsbetting,
who will win the Oscar for Best Director, who will win the
next elections, etc. These are some of the longest sports
betting odds and should be taken with caution.
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