Bet And Play Your Way To The Top With Spreadex – Over the past four years, sports betting has come out of the shadows and into the mainstream. The anti-gambling stigma that had existed in American popular culture for decades has quickly faded, giving rise to a huge, multi-billion dollar legal sports betting industry.
With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time.
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Here’s an introduction to how to bet on sports with 12 things every beginner needs to know.
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When oddsmakers lay out betting lines on a game, the first thing they do is decide which team should be the favorite and which should be the underdog.
The favorite is the team with the highest probability of winning the match and will have a minus sign next to its odds. The underdog is expected to lose and get a positive sign.
There are two main ways to bet on a favorite or underdog. The first point is the spread, which is a bet on the margin of victory.
The Eagles are a -4.5 favorite over the Lions in Week 1. That means betting on Philadelphia the Eagles need to win by 5 points or more. Anyone betting on Detroit needs the Lions to lose by 1-4 points or win the game.
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Point spreads are adjusted for team ability and many other factors. That’s why the Colts are 8-point favorites on the road against the lowly Texans, while the Eagles are slight favorites on the road against the Lions.
Another way to bet on the favorite or underdog is on the money line. To get a money line bet, all you need to do is pick the winner of the game, and use the American odds to calculate the payout.
So if you bet a -200 favorite, you need to bet $200 to win $100, or any fraction of that – $10 to win $20, $1 to win $2, etc.
If you bet on a +200 underdog, you will win 2x your money for every dollar bet – $200 for a $100 win, $20 for a $10 win, $2 for a $1 win, etc.
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Back to Colts-Texans. Oddsmakers believe that Indianapolis is the stronger team. So just to bet on the Colts to win the game, you need to bet a significant amount.
Colts are -375 – which means you need to bet $375 to win $100 or $37.50 to win $10.
Texans are +300. If you bet $100, you will win $300. Or if you bet $5, you win $15.
Money lines are available for all types of sports, but are mainly used when betting on low-scoring sports such as baseball, hockey and football.
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As well as setting a line for the favorite and the underdog, oddsmakers will also set the total number of points scored in the game by the two teams combined. This is called total or over/under.
Bettors can then bet on whether the game will go over the total or not. You are not trying to predict the exact score (although that bet is also available).
With many bets, you may see two numbers – the spread, such as -4.5, and then the odds below that, such as -110.
If you bet $11 to win $10 and the Colts win by 14, you win $10. If the Colts win by 3, you lose $11.
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But for something like the MLB spread, where the line is almost always -1.5 for the favorite and +1.5 for the underdog, the interest will be different depending on the ability gap between the two teams.
All teams will be lined up along their respective lines. So in that video, USC was down 14 points against Alabama. To bet on USC, click on the cell opposite his name.
More than half of the US states have some form of legal betting, but only about 20 have full online wagering. Others only bet in person at casinos, racetracks and other venues.
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In the end, you have the final say on how much to risk in the game, but a good rule of thumb is to risk what you can afford to lose. Sports betting is a marathon, not a sprint. There will be good days and bad days. As a result, we recommend a flat batting method.
This means betting the same amount on every game and risking only 1% to 5% of your bankroll per game (the bankroll is the initial amount you have to bet with). For example, if you start with a bankroll of $100, you should not risk more than $5 per game.
By using a flat betting method, bettors protect against losing their entire bankroll during bad periods, but also set themselves up for a positive return on investment (ROI) when they do well.
A parlay is a type of bet where two or more bets are combined to create a bet with a higher payout, but all bets must win.
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So instead of betting $10 each on three games, you can make one $10 bet on which of the three teams will win the most. But if even one misses, you lose your $10.
Even more popular than traditional parlays involving multiple sports is the single game parlay, pioneered by FanDuel and now offered by nearly every sportsbook.
This feature allows you to place multiple bets of the same match, with a price correlation for each event. That means if you bet on 51 passing touchdowns in Rams-Bengals and 2.5 passing touchdowns in Matthew Stafford, you won’t get the full parlay payout. , because those events are more likely to occur together.
Props – short for motion bets – can be any bet that is not a standard point range, moneyline or total.
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Here, Scherzer’s strikeout total against the Reds is set at 7.5. But according to FanDuel lines, it’s more likely than not to go under, so you’ll pay more to bet on the under than the over.
US Sportsbooks offer hundreds of props on every game, creating a large attacking surface because they can’t price them all properly. Even if you don’t build your own statistical model, tracking specific props and understanding how they are priced can help give you an edge at the sportsbook.
Lines may vary depending on the sportsbook, as different books have different customers. As a result, one book might post the Cavs -8 while another has -7.5.
Having access to more than one sportsbook allows you to shop for the best lines. Getting an extra half point may not seem like a big deal, but it adds up in the long run and increases your chances of winning.
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This isn’t Monopoly Money, so you want to make sure you’re tracking your progress. The easiest way to do that is with our award-winning (and free!) app, which has amazing features like Live Bet Cover Probability and Odds Shopping, which allows you to track all your bets on almost every game.
And it’s worth it because you can identify where your strengths and weaknesses are when you start betting. Are you more successful betting on the NFL or the NBA? Do you thrive on taking player props or over/under? These are all good things to know and can enable you to maximize your earnings.
This website contains commercial content. We may receive compensation for the links provided on this page. The content on this page is for informational purposes only. Action Network makes no representation or warranty as to the accuracy of the information provided or the outcome of any game or event. Six Best Sports Scores and Odds App to Download Follow the action in real time and watch the lines move with these mobile apps.
Confused by all the options available to gather good sports betting information, accurate scores and current odds? We’ve got you covered.
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Whether you have an Android or an iPhone, you have plenty of options for ways to track and record all the information you need to make educated sports bets. And if you’re ready to take the plunge, check out a list of the best legal sportsbook apps in the US, including BetMGM and BetRivers. Among other top choices, we have more information about apps available in Virginia, Illinois, Tennessee, New Jersey. Pennsylvania and other states.
Scores, odds, props, betting trends and more are put in the palm of your hand with the Score & Odds app. From the moment the line opens in the final seconds of the game, the best mobile app is essential for any serious sports bettor who wants to stay on top of all relevant betting information. With the Score & Odds app, you can compare odds across sportsbooks so you always get the best price; receive updated betting information, such as public betting percentages; View live scores and live odds in the game. Our favorite feature of all is SAO PropCast. If you’re an avid prop bettor, I dare you to find a better way to stay on top of player props. Not only can you see props before a game, but you can also see player performance and movement in real time.
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