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Too often we cater to the gambler who, you know, gambles. But leading up to the biggest college basketball games of the year, there are plenty more people who want to get action down. We also recommend using odds to pick your bracket — while VCU is a 10 seed, the Rams are a 5-point favorite over 7 seed Oregon State. A point spread is a number oddsmakers use to determine the difference in strength between two teams.
It is used to generate betting interest on both teams, since if you only had to pick the winner, it would be too easy. Most often, you get even money on the bet, with the book taking a 10 percent tax. The point spread on Texas vs. Northern Iowa is Texas The favorite is always associated with a minus, the underdog with a plus. MORE: 68 fascinating tournament facts. If the underdog covers, it means that team either won the game or lost by less than the point spread.
This is where many people get lost. With a moneyline, you need to only pick the winner of the game. But unlike a point spread, you're not getting even money on your bet. Texas is on the moneyline. But your payout will be larger, since oddsmakers have determined their odds of winning are slimmer. Again, the minus is always associated with the favorite, and the plus with the underdog.
After a point spread, this is the second most popular bet. The Texas Northern Iowa total is If the spread or total lands exactly on the number, that is a push. You are refunded your bet. So if the final score in Iowa State vs. Iona Cyclones are an 8-point favorite is Iowa State, it is a push. MORE: How the selection committee ignored its own standards. Money lines are represented in negative and positive values. Negative money line: , , or anything similar When you see a minus - sign in front of a price, it shows you that team is the favorite to win the game.
Related What does chalk mean in sports betting? Alabama vs. Ohio State: How to bet on the National Championship game. July 8, From The Web Ads by Zergnet. Share this article shares share. Most Popular. More Betting - Education and tips for beginner sports bettors. Email Sign up No, thanks. Never miss a great story Start every day with our most popular content waiting in your inbox.
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The point spread is the projected number of points that separate two teams. A game with a spread will have a favorite the team expected to win and an underdog the team expected to lose. In the example above, the point spread is 7 points. Patriots are favored by 7 points against the Jets.
If they lose by exactly 7 points, the bet is considered a push and is canceled. If you bet on the Patriots -7, they must win the game outright by more than 7 points. The 3-digit numbers to the far right are the listed prices for these bets. This is also called the odds, vig, or juice. We will cover those in more depth when we talk about money lines.
The price of the bet has no impact on which team is favored. Only the plus or minus on the point spread matters. This is handled differently when you bet strictly on the moneyline. A moneyline bet is on a team to win the game outright without a point spread at an adjusted cost. Just like with point spread betting, the favorite will have negative odds, while the underdog will have positive odds.
The difference here is in the price or payout depending on which team you take. A favorite e. Patriots on the money line works just like our bet price example above. This added risk is why betting the spread is usually more popular, especially on favorites. Underdogs e. This type of bet is on the sum of the points scored by both teams in a game. The bookie sets the number for the total, then you predict whether they will score more or less points than the set number.
If you project the Jets and Patriots to combine to score more than If you think they will score less than Which bet would lose and which bet would win? Texas is on the moneyline. But your payout will be larger, since oddsmakers have determined their odds of winning are slimmer. Again, the minus is always associated with the favorite, and the plus with the underdog.
After a point spread, this is the second most popular bet. The Texas Northern Iowa total is If the spread or total lands exactly on the number, that is a push. You are refunded your bet. So if the final score in Iowa State vs. Iona Cyclones are an 8-point favorite is Iowa State, it is a push. MORE: How the selection committee ignored its own standards.
A prop bet is short for proposition bet. It is a bet not on the point spread, moneyline or total. A parlay is a bet with two or more point spreads, totals, or moneylines that combine to give you a higher payout. But in order to cash a parlay, all your bets must win.
Here's a chart and calculator for parlays — the more bets you put in a parlay, the higher the payout, but the slimmer your odds of winning are. Bettors will often parlay bigger moneylines to avoid laying big prices — for example, a parlay with Duke But you're able to adjust the point spread on the games, albeit it with a lower payout. The most-common teaser in basketball is a 4-point, two-team teaser that pays the same as one standard spread bet.
So if I take VCU You can add more teams to a teaser to increase the payout, and you can also adjust the spread by more than six points for a lower payout. In the United States, it is only legal to bet single games in Nevada. So if you're not in Nevada, there aren't many options. You can put money in an offshore account, but that's both against the law and difficult to do in a short time. You can find a local bookie, also against the law, and that can also be difficult.
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