Sports Betting Odds 101
A betting line is a posted number that the online Sportsbook posts for each game in a certain sport. The betting line will have different wager options within the betting line. Bookmakers will post odds on who they think will win the game. The betting line will usually show a favorite and an underdog.
The example below will show what a NFL betting line looks like at one of our recommended Sportsbooks Bovada. The Moneyline wager means you are picking who you think will win the game straight up. In this example the New York Giants are the underdog. The betting line is a payout ratio odds and will be scaled to your actual wager. The favorite in this example is the Detroit Lions denoted by the You need to cover the Point Spread to win your wager.
For example the Favorite in this game is the Detroit Lions as they have a point spread of -3 For you to win your wager, the Detroit Lions would have have a final score beating the New York Giants by 4 or more points. The in brackets is the "juice" or "vig" on the wager. For you to win your wager the NY Giants could lose the game by 2 points or less. If the final is score is a margin of 3 points then the wager would be graded a PUSH and the wager amount would be returned to you.
Betting the spread on halves is also an available betting line. These are just like halftime odds, except the second half betting line is also available. This betting line is set for the second half, typically installed after oddsmakers see the first half of play. Lots can figure into a second half betting line, including the flow of the game, and injuries. Betting an NFL moneyline is a very similar process to betting the point spread.
Though there is one big difference. There is no point spread installed for the game. When oddsmakers install betting lines for a game, they typically set down a point spread and a moneyline.
While the point spread is designed to even the playing field, the moneyline is not. A wager on the moneyline for an NFL game is picking the winner straight up, no spread.
If the Patriots are playing the Bills, you bet on the team you think will win the game outright. Because of the fact that there is no spread through, the payouts can range a lot more than a point spread payout, since there is no handicap. This is because it's easier to pick a straight up winner than it is to pick against the spread.
The game total is another type of game line made available by most sportsbooks. This is the combined point total that will be scored in the game between the two teams on the field. Oddsmakers research, and determine a number to set the game with. A wager can then be made on the actual total of the game going higher or lower than the predicted betting line.
Payouts are typically right around "Even" money minus the juice , because there are just two choices Outside of game lines, oddsmakers form what are called proposition betting odds.
These are other types of betting lines formed that are not betting on the outcome of the game specifically. In fact NFL team prop betting lines can range in nature quite a bit. The best way to look at Team props is to look at an example.
Prop odds take smaller outcomes and form lines. For example, in an NFL matchup, a team prop line might be formed for the first team to reach 10 points. So the wager would be made on the first team to reach that mark.
The bet is done after a team reaches 10 points. The rest of the outcomes of the game do not matter for this wager. Team Prop odds are a fun way for bettors to place wagers on outcomes outside of the over game lines. They can also shrink down the variables into just one or two, as opposed to an entire game point spread wager.
NFL player prop lines are another type of proposition betting line. And just like team props, these do not directly relate to the outcome of an NFL matchup. They can have an effect, but that is not what you are wagering on.
A player prop NFL line is typically performance-based. For example, the total passing yardage for a quarterback, or the number of touchdowns a running back will have in a game, are two examples. A betting line would be set with an installed number, and the wager would be made according to the guidelines of the bet.
NFL player props can be a lot of fun, with tons of them formed for the different games each week. Live Betting has become one of the more popular aspects, with the new technology that online sportsbooks possess.
Live Betting on the NFL can be done from your own computer. Many online sportsbooks are beginning for form their own Live Betting sections, where they will list the available betting odds. And when it comes to betting line on the NFL, game lines, and prop odds are typically available. The online sportsbook will show what games are currently available to be wagered on live, and display the available bets at the time.
They are constantly changing, so if you are live betting you can't take too long.