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Betting on sports is a popular pastime. Countless people all over the world enjoy sports betting, so much that they collectively spend billions of dollars on it each year. Not only is it a lot of fun, but there’s also the chance to win money. The same could be said for almost all forms of gambling though, and few (if any) are as popular as sports betting. Here are some common terms and links to educational articles and content from MyBookie.ag
Oddsmakers often use a “Point Spread” in games where scoring is unpredictably volatile, which essentially entails setting an estimated number of the points/goals a better (favorite) team may beat the lesser (underdog) team by. Point spread betting is commonly used in games like basketball, football, soccer and baseball. For example, in an NFL game between the New England Patriots and the Buffalo Bills, you may see numbers like this:
Patriots: -170 | -5 | 44o
Bills: +150 | +5 | 44u
In such a line, the first set of numbers (-170 and +150) refer to Moneyline lines (which we will talk about later), the second set of numbers (-5 and +5) refer to point spread bets, and the final set (44 refer to OVER and UNDER total bets).
Now, as far the point spreads are concerned, the minus (-) sign usually indicates the favorite, while the plus (+) sign points to an underdog. In our example, the Patriots are thus considered as 5-point favorites over the Bills, which mean that the bookmakers expect New England to beat Buffalo by 5-or-more points. If one believes that the Pats will be able to beat the Bills by 5-or-more points, then the best payout option would be to make a spread on the Pats at -5 odds. If one feels the Bills will lose by 5-or-less points (or even win the game by any number starting from 1), then the spread of +5 should be the choice.
Betting on point spreads come with several advantages, including ease to understand, a high likelihood of winning and avoiding bad bets, good affordability (the betting lines are often constant), and one can middle with bets (where one finds different Sportsbooks offering good varying lines, allowing one to bet on the two teams separately, which guarantees at least one win).
In Moneyline betting, a team favored to win a game is called a betting favorite, while the one expected to lose is called an underdog.
All that matters here is picking the team likely to win a game, without worrying about winning margins and stuff like that. Using our earlier example, if one feels that New England (favorite in our lines) will win, then simply take the Pats on the -170 odds. Essentially, the at -170 odds means that, for every $170 you risk on the Pats, you will win $100.
Similarly, if you feel that the Bills will win at +150 odds, then every $100 you bet on Buffalo will get you $150 for a total payout of $250.
Noticeably, betting on the underdog comes with a lot of value, as you make more money than you bet, as opposed to betting on favorites, where you often risk more money for a lesser payout. But then again, if you bet on a favorite (like New England in our example) and the win goes to the Pats, then there is no loss for you, as you get your bet back on top of the winning value.
Moneyline betting is the simplest of all betting strategies, as all you have to do is pick a winner.The great value offered by betting on underdogs also makes Moneyline bets very lucrative. The value offered by underdogs should however not push you to constantly bet on underdogs, even when the likelihood of winning isn’t there.
Also known as NFL over/under betting, the total is the number set by sportsbooks that estimates the total number of points scored by both teams combined. Bettors then must predict whether there will be more or less points than the NFL ‘total.’ If you bet the 37.5 UNDER, you are hoping for a defensive battle and predicting that the offenses to struggle. If you bet the 37.5 OVER, you are hoping this will be a high-scoring game.
NFL totals betting has become fairly popular in many NFL games, especially where the point spread is very tight. It also becomes more popular if the matchup points to a certain style of game. The weather can play a huge factor, and rain, wind and cold temperatures can sway the total, and make betting the spread a little less reliable.
Different online Sportsbooks (just like Casinos) offer different Moneylines and Point Spreads, with the majority cloning what is offered by other “major Sportsbooks”, while others offering unique values. Once you’ve found a reliable place to get good values, then stick to it, since jumping from place to place can easily get you mixed up. And speaking of reliability, (pardon our shameless self-promotion), our site is as reliable as it gets to good value lines. Plus, as I bet you’ve noticed, we have a range of experts who take their time to evaluate games, analyze trends, and then come up with savvy free Sportsbetting picks on NFL Football, College Football, NBA Basketball, College Basketball, NHL hockey and MLB baseball. And through such Sportsbetting previews and guides, your chances of being a winner on Point Spread and Moneyline bets are exponentially increased.
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