what does negative mean in betting

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Seasoned punters will find calculating odds to be second nature but for beginners the prospect of getting to grips with what odds mean and in particular grappling with fractional odds can be a daunting one. Even if you're an experienced punter this Masterclass on understanding odds offers you the chance to refresh your thinking on identifying value based on the implied probability of odds. Traditionally, odds in the UK are expressed as a fraction. These odds can be used to calculate your net profit excluding your stake and although they seem complicated the method of calculation is relatively straightforward. This is best explained using an example. So whatever your stake is you can multiply it by 1.

What does negative mean in betting sharp sports betting pdf

What does negative mean in betting

Since the home field is a familiar turf and in front of the home crowd, teams are expected to perform better than they would if they were travelling thus giving them an edge. Line: This is the odds, points, money line, or point spread offered on football games. Linemaker: This is someone that sets the odds, points, money lines, or point spreads for football games. Oddsmaker: This is another term for the Linemaker. It is the person who sets the odds, moneyline, or point spread for football games.

Overlay: This is a term to refer to odds that are higher than they should be. These odds favor the bettor not the house. Parlay: This is a wager on two or more teams or outcomes where the selections must win in order for the bettor to win. This is particularly important when betting on NCAA football. Player: This is a term that refers to any person that puts down a bet on any given sports event.

Point Spread: This is a number of points given to the underdog by the Linemaker in order to handicap the favorite. It can also be thought of in terms of the scoring differential between the two teams. The point spread is used to even the playing field. Proposition Bet or Props: This is a bet placed on a specific aspect of the game, such as who will score first or how long the longest touch down pass will be.

Soft line: This refers to a line that has been adjusted because of the result of an action. It is not the true posted line. Underlay: This is a term that refers to odds that lower than they should be. These odds favor the house and not the bettor. A FREE click is all it takes to help any or all ten of these good causes. Betting on sports, and college football specifically, is illegal. Congress banned sports betting in while allowing it in four states -- Nevada, Delaware, Montana and Oregon -- that had already been offering it.

Las Vegas is the most popular destination if you want to make a bet on college football, where the number of 'sports books' is many. That said, if you're planning to visit a state where gambling is legal, and intend to bet, you should at least be armed with some information. First, however, a word of caution: Sports betting can be a fun and profitable venture. However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control.

If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms. Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively.

Say the Bears are a six-point favorite over the Lions and the total is To bet the Bears, you must "lay the points," meaning they must win by seven or more to cover and give you the win. Betting the underdog Lions, you are "taking" six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides "push" and all bets are returned.

It's also a push if the final score equals 42, otherwise the over or under will win. Money line bet - If you are not interested in betting the point spread - although you should be, because it presents the best long-term value - another option available is the money line, in which you lay or take odds relative to the dollar with respect to your team winning or losing.

If you like favorites, you're going to be betting a lot to win a little. The money line will always be listed to the right of the point spread on the odds board in a sports book. Parlays - these might be the most popular bets out there, especially among novice and amateur bettors, perhaps because of the lure of betting a small amount for a potentially big payoff. But they are fool's gold at best. Parlays involve wagering on two or more games on the same bet following the casino's pre-determined payout scale.

Each game on a parlay must win for the bet to be a winner. This is how the sportsbooks make a lot of their money. For instance, let's say you want to bet a two-team parlay. However, the sportsbook is only going to pay you 2. 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 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. Teaser bets - The teaser is so named because it, too, looks tempting, but if you allow yourself to get too seduced, you'll usually end up on the losing end.

The teaser bet gives or takes away extra points from the team you back. However, there are some good values with teaser bets if you know how and where to find them. For instance, the six-point teaser is an especially effective bet in the NFL, where most games are tightly contested and six points can make a world of difference.

For instance, in our previous example, the Bears would go from laying six points to simply needing to win if you put them on a teaser bet. Conversely, Detroit backers could get 12 points instead of the starting six. Source: Doc's Sports Service. This page requires JavaScript, which is not enabled on your browser. Source: Doc's Sports Service When you bet on the money line , you are betting on one side to simply win. With the money line you just have to hope your team wins rather than cover a point spread.

Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you. When the point spread was invented in Chicago by Charles McNeil the money line took a backseat. In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. Money line bets tend to be even more popular with underdogs. A nice profit can be made if a touchdown or more underdog pulls off an outright win.

When betting with a point spread you are wagering that a particular team will win or lose by a certain amount of points. This pays out even-money minus the vigorish, or bookmakers take, which we will later explain further. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back. These are examples of 'side' betting with a point spread.

There are also 'total' wagers that refer to the total amount of points scored by both teams. The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker.

In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig. SportsbookWire covers the game in full with college football betting picks and predictions and below, we'll look at how to bet the National Championship between Alabama and Ohio State.

Alabama vs. Please enter an email address. Something went wrong. The legal sports betting world is changing. What does mean in sports betting? What is a negative money line? A negative money line is also considered as the favorite — or chalk pick — by the oddsmakers. Kind of ridiculous, right? April 26, From The Web Ads by Zergnet. Also see: Alabama vs. Share this article share.

LADBROKES BETTING SLIP EXPIRY DAY

A lot of sportsbooks offer a fractional view if you prefer it to the American odds. Decimals odds are used more commonly in parts of Europe. When using decimal odds, the underdog has the higher of the two numbers, while the favorite has the lower of the two. To calculate decimal odds, you can use the following equation. In conclusion, American odds are almost always displayed at any United States sportsbook, while fractional and decimal odds are almost always displayed at any sportsbook outside of the United States.

Check out our Guides Page to see where sports betting stands in your state! The odds are essential when selecting a sportsbook because they affect your money. If you choose a sportsbook with poor odds, you will end up wasting money every time you place a bet. Understanding betting odds allows you to decipher between good and bad odds.

Look at the odds below offered on five games from the NFL Season. Odds from five different sportsbooks are shown. You'll notice each sportsbook offers different odds for each game. If you were betting on these games, you would be able to find the best odds for your desired bets.

Using this strategy of line shopping will allow you to save money while betting on games. Odds Comparison. Odds can be used to calculate the implied probability of a team winning or losing a game. You can use a simple math equation to understand what the sportsbook thinks the probability of each team winning is. In a professional sports matchup a point spread is given to each team for sports betting purposes.

When a negative point spread is given to a team, it means they are favorited to win the game. When a positive point spread is given to a team, it means they are not expected to win the game. A parlay bet is a group of spread, moneyline, or total bets combined into one bet to increase the payout odds. In order for the parlay to win, each separate bet has to win. Parlay odds offer bigger payouts than normal odds because they are riskier since each individual bet has to win.

Here is an example of a standard parlay payout table based on true odds. For the BettingBuck. Additionally, odds data was collected for each sportsbook on over 1, bets to give each sportsbook a comparative odds ranking. Sports betting sites were scored across seven core categories to computer an overall rating: total number of sports and bets offered, odds, live betting features, mobile apps, educational resources, ease of use, and current bonuses.

He has closely tracked sports betting in the United States for the last two years, compiling hundreds of data points across dozens of sportsbooks. He has 5 years of online betting experience with hundreds of bets placed during that time.

BettingBuck does NOT have a marketing relationship with any of the products or services listed on this page. What are Odds? Moneyline bets are the ones that can sometimes see huge paydays for underdogs or safe returns for massive favorites. Since bookmaker predictions are expected to be accurate, the idea is that the total amount of wagers placed is evenly spread on both sides and the outcome of the game close to their estimation.

Again, this is how they reduce their risk and ensure their safe profit. To convert American odds including to other odds formats and to calculate your payout, use our handy and free odds calculator and converter. Like most things in the gambling world, the whole point is to turn a profit.

The oddsmakers want equal action on both sides because if they can do that, they reduce the risk of taking any big losses and guarantee their profit on the juice from each bet. This is why casinos and sportsbooks employ professional oddsmakers to set the lines that are most likely to draw equal interest on both sides of the bet. That way the casino makes a profit on the commission regardless of which team wins. The value the house earns from this line is called the juice or vigorish.

Basically, you can think of it as the cost of running a business. No pun intended. Take a look at which are the sportsbooks with the fastest withdrawal. When it comes to the different sportsbooks out there it is possible to find different point spread lines but generally, most sportsbooks will have similar stats.

It is worth a look to scan the various betting lines when you intend to bet on a big game, that is why WSN will always list the odds from several sportsbooks for each event. You can check out the different sportsbooks and compare them here. Things like this happen because a sportsbook wants to reduce risk to guarantee a profit. When incoming betting shows an imbalance of public opinion or if a whale decides to make a big splash the casino will do whatever they can to tip the scales back to even avoid a potentially big loss.

Taking advantage of a nickel line can give the savvy bettor an edge in both the short and the long run. The casinos sometimes roll it the other way and move lines to or so pay close attention. Even if you skipped math in high school and preferred to spell funny words upside down on your calculator, getting the gist of the math in sports betting is more about habit and routine than anything else. And if you do have trouble getting your head around the concept, many online sportsbooks have a simplified payout format that lets you enter the amount you want to bet to see how much it will pay out before you actually place your bet or submit your ticket.

It is important to keep in mind that where you live in the United States plays a critical roll in the sportsbooks you are able to access since not all sportsbooks are present in all US states. To make it easier for you WSN has provided a State by State Guide to clearly show you the info you need to know to start legally betting. If you want to keep up with sports betting tips and tricks subscribe to our weekly betting podcast, Wise Kracks.

QUICKSELL CSGO BETTING

If Team A is assigned 10 to 1 odds, it means Team B is ten times as likely to win. Odds are typically expressed with a positive or negative sign in front of them and are not written as 2 to 1 or 3 to 1. In a betting line between two teams, the team expected to win, or favorite, will have minus or negative odds. This means for every dollar wagered, you will earn less than a dollar if your bet wins.

The team expected to lose, or underdog, will have positive or plus odds. This means for every dollar you wager, you will gain more than a dollar if your bet wins. Louis Blues. Just like the metric system, dates, and miles per hour mph , Americans do things differently when it comes to betting odds.

Take a look at this standard slate of betting odds from for an MLB game. Betting Odds are written in terms of as an industry standard. The easiest way to think of the plus and minus signs is as follows. Thankfully, you can view your potential winnings on each bet before placing it at an online sportsbook.

That said, it is beneficial to understand the betting odds. Green Bay Packers vs. A tie is a push, meaning you don't win or lose. Definition of bet: A total bet focuses on how many points are scored, regardless of who wins the game. After a total point score has been set, bettors can wager on whether the actual score of the game will be over or under the set point score.

Fractional odds are used more commonly in parts of Europe, as well as in horseracing. To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout! Here are some odds for a fictitious horse race and how you go about reading them.

A lot of sportsbooks offer a fractional view if you prefer it to the American odds. Decimals odds are used more commonly in parts of Europe. When using decimal odds, the underdog has the higher of the two numbers, while the favorite has the lower of the two. To calculate decimal odds, you can use the following equation. In conclusion, American odds are almost always displayed at any United States sportsbook, while fractional and decimal odds are almost always displayed at any sportsbook outside of the United States.

Check out our Guides Page to see where sports betting stands in your state! The odds are essential when selecting a sportsbook because they affect your money. If you choose a sportsbook with poor odds, you will end up wasting money every time you place a bet.

Understanding betting odds allows you to decipher between good and bad odds. Look at the odds below offered on five games from the NFL Season. Odds from five different sportsbooks are shown. Please enter an email address. Something went wrong. The legal sports betting world is changing.

What does mean in sports betting? What is a negative money line? A negative money line is also considered as the favorite — or chalk pick — by the oddsmakers. Kind of ridiculous, right? April 26, From The Web Ads by Zergnet. Also see: Alabama vs. Share this article share. Most Popular. Email Sign up No, thanks.

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