You can bet on NFL games through three main bet types: the moneyline, total points, and handicap (spread) markets. The moneyline market is a straightforward bet on the winner of the game. The points total market is betting whether the game will go over or under a certain amount of points.
How do betting odds work NFL?
The favorite is posted with a minus sign and a number. That number represents the amount of cash that has to be wagered in order to win $100. The underdog, on the other hand, is listed with a plus sign in front of a number. That number shows how much a bettor wins when they bet $100.
What does +200 mean in NFL betting?
Moneyline odds that are listed at +200 mean that a team is a clear underdog in the bet. The favorite will usually be listed at -110 or lower, and the underdog will have a (+) in front of their odds.
What does +4.5 mean in betting?
For a bet on Pittsburgh to win at +4.5, they can either win the game outright or not lose by an amount that surpasses 4.5. For Cincinnati to win, they must win the game and do so by a number greater than 4.5. In other words, if it’s 21-17 Cincinnati, a bet on Pittsburgh would win by a half-point.
What does +500 bet mean?
If the Los Angeles Lakers are a +500 to win the NBA championship, a successful $100 bet would net $500.
What is the spread in spread betting?
The difference between the buy and sell price is referred to as the spread. The spread-betting broker profits from this spread, and this allows spread bets to be made without commissions, unlike most securities trades.
What does 500 mean in betting?
As the number increases, so do the stakes of the wager. A +500 bet means you can win $500 with a $100 wager; this is also known as 5-to-1 odds. Meanwhile, a -500 bet means you must wager $500 to win $100 (plus your original wager back).
How do you read odds?
Negative numbers signify the favorite on the betting line. The negative number indicates how much you’d need to bet to win $100. If the number is positive, you’re looking at the underdog, and the number refers to the amount of money you’ll win if you bet $100.
What does the plus and minus mean in betting?
A “minus” (-) preceding the number indicates the team is a favorite. A “plus” (+) preceding the number indicates the team is an underdog. Bet No. Team. Line.
What does +240 mean betting?
Underdogs (e.g. Jets +240) work a bit differently. Instead showing how much you need to risk to win $100, this line tells you how much you stand to win on a $100 wager. That means if you bet $100 on the Jets, and they win, you would win $240. If the Jets lose, you are only out your original $100 wager.
What is over 3.5 in football betting?
Over 3.5 Goals Explained
When a player chooses over 3.5 goals, there has to be 3 or more goals scored to win the bet. The bet will be lost if the total goals scored is 0, 1, or 2.
How many is over 2.5 goals?
Statistically speaking, most punters place a bet over or under the 2.5 goals amount. The over 2.5 goals market means that you are betting that the total number of goals scored during the match plus stoppage time will be over 2.5. You will win only if there are three or more goals during the game.
What does 12 to 1 odds pay?
Standard Win Bets and Payouts
How do bookies make money?
Bookies do not usually make their money by placing bets themselves, but by charging a transaction fee on their customers’ bets known as a “vigorish,” or “the vig.” Bookies may also lend money to bettors. A bookie can be an individual or an organization.