Sports Betting 101
2021年6月21日Register here: http://gg.gg/v358k
*Sports Betting 101 Point Spread
*Sports Betting 101 Point Spread
*How Does Sports Betting Work
*Online Sports Betting 101
Over the past few months, we’ve posted quite a few articles on sports betting. We posted three guides to cover the basics on handicapping baseball, basketball and football, but these didn’t nearly cover everything a beginner would need to know. We’ve also posted articles that cover basic terms, as well as other assorted betting tips.
But we realized that, to some bettors, the number of articles on the basics might present a problem. It’s a lot of information to keep track of without having it all in one place. In addition, we also like to post articles offering pro tips, whether about certain sports or simply about how sportsbooks are run. When posting these types of articles, we don’t want to risk alienating our more experienced clients by having to stop and rehash some of the basics that have already been covered elsewhere.
So we’ve decided to cover all of the basics in one fell swoop, with a complete guide to betting on sports. This will combine some information that has been covered previously, such as tips about finding a decent sportsbook or about how to manage your money efficiently, while also providing some new information that we’ve wanted to cover for a while. This is going to be a pretty long guide, but we suggest that novice bettors make sure to bookmark it. This information will almost definitely prove useful to you as you get your start.
Of course, with our handicapping consulting services, it isn’t that hard to make a profit through sports betting. But you will still want to know the following basics if you don’t want to get lost in a sea of numbers and tricky decisions. With that said, let’s dig in.1. Start By Asking Yourself Some Personal Questions
Our Gambling 101 series continues with a look at quarter and halftime betting odds. What are they and how do bettors get in on the action? Sports Betting 101: How to Bet Many new bettors struggle with deciding on how to bet on sports. It’s an especially intimidating undertaking for bettors without a background in statistics.
And try to come up with some better answers than this guy did. (GPointStudio/Shutterstock)Is Sports Betting Right For You?
If you’re looking at this type of guide for the first time, you might still be on the fence about sports betting. You might feel lured in by the promise of winning, while your more practical side is screaming at you that the threat of losing is simply too great to risk it. And that’s why you’re going to have to do some soul-searching before you even bother with the rest of this guide.
Now, there are some circumstances under which we absolutely would not suggest for you to engage in the practice of sports betting. For instance, if you don’t have much money and are thinking that sports betting will act as some sort of “get rich quick” scheme, then you might want to turn the other way. You can make a lot of money on sports betting, but no one wins every time. You also wind up with a lot of your money stuck in venture if you’re betting through online sportsbooks, so even those who get rick may not always do so quickly.
More importantly, however, is whether or not you are the type of person who is likely to develop a gambling addiction. While it is often our opinion that sports betting is different from other types of gambling, those with particularly addictive personalities may still be likely to spend too much and hurt their financial lives in the process. If you have a family (or even if you’d like to), then this risk is especially worrisome. So whether or not you have a decent bankroll, stop and think about whether or not you are the type of person who is able to bet responsibly.
Now, let’s say that you have a fair bit of money and you are not too worried about becoming an addict. You might think that you’re in the clear, but if so then you’re forgetting that sports betting is not legal in all states. And in some places where it is legal, there are certain rules regarding what you can and cannot place bets on. Now, since many sportsbooks are online and not situated in one physical location, these rules might be bendable for some.
But you ultimately have to figure out whether or not betting is even remotely legal for you, and then decide whether or not you are comfortable with the idea from an ethical standpoint. After all, even if it’s legal and you are not at risk of addiction or excessive financial loss, some of your friends and family might not approve. It’s up to you whether or not you’re the type of person who can feel comfortable without their endorsement of your activities.Why Do You Want to Bet on Sports?
Once you’ve taken the time to decide whether or not sports betting is something to which you’d like to dedicate your time, you still have to do some thinking about why you have decided to take up the hobby of sports betting. There are some professional sports bettors out there, people who make a great deal of their income from this hobby alone. Are you hoping to be one of them? Or are you just in it for the excitement?
The answer to this question will likely determine how you go about betting in the first place. If you just want a bit of extra money and don’t care about the experience, then you might just sign up for our service, follow our picks, and not give it another thought. Heck, you might not even watch the games you’ve wagered on, and just wait to look up the scores and see if you made any money. You have the option of putting forth very little effort. Of course, this isn’t the most exciting way to go about it by any means whatsoever.
If you’re in it because you want to engage yourself in a fun and exciting new hobby, then you’re going to bet much differently. You might enjoy doing research on each team, to the extent that you bet on some games without looking to see which picks we’ve offered. You might occasionally bet more of your bankroll then we’ve suggested (if you have the money to do so, of course). And if you choose to watch the games, you’re likely to be holding your breath every second, utterly enthralled by every movement of the players as they bring you either nearer to or further from victory.
There are pros and cons to each of the types of bettors we’ve described above. Those who are in it for the excitement will sometimes lose more than they can afford, whereas those who do not engage themselves in the process will make a bit of money but will not necessarily enjoy it. If you can, it doesn’t hurt to aim somewhere in the middle. You want to be engaged, but don’t allow yourself to mismanage your bankroll. Do your research (as we will outline below), and if you’re paying for our services then by all means use them. Don’t let a fun hobby go to waste because you were either too excited to get involved or too impartial to really benefit from the joy of winning.2. Fundamentals of the Sports Betting ProcessSports Betting 101 Point Spread
These next few steps are the building blocks you must put together to become a true sports bettor. (4volt)Reading the Lines on the Sportsbooks
The first of the basics you will have to learn if you want to be a sports bettor is how to read the lines. The most important lines will be determined by the sport upon which you are betting. For instance, in baseball and hockey, most sports betting is done by the money lines. In basketball and football, most bets usually pertain to the point spreads. There are also numbers known as the over/under or O/U, which more casual bettors will generally refer to as totals.
There are two ways in which you’ll usually see money lines written. The one you’ll see most commonly is the American system, but there’s also a decimal system that you may run into on occasion. We’re going to go ahead and cover both, along with how to convert them so that you never have to worry about which system your sportsbook of choice has decided to use. We will also tell you how to figure out implied win rates and lines no-juice lines. We’ve bolded each major point in this section, so that you may scroll past any information you already know.
We’ll start with American lines, which can be confusing to those who are new to sports betting. Lines written in this fashion may seem counterintuitive to many beginners, largely because positive numbers actually indicate which team is expected to lose, whereas negative numbers signify that the team in question is favored by the sportsbook. So if the Texas Rangers are given a money line of +120 in a game that has the Miami Marlins listed at -130, then the Marlins are favored while the Rangers are considered to be an underdog.
Now that you understand what the plus and minus signs represent, it’s time to talk about the meat of the issue: what the numbers mean. To understand this, think of everything in terms of $100. If you’re betting on the Marlins in the example above, you’d have to put up $130 to win an extra $100. However, if you’re betting on the underdog in the example above, you’d have to lay down $100 to potentially make an extra $120. That isn’t to say that you’re actually required to bet that much, but this gives you an idea regarding the ratios. So if you bet $40 on the Rangers, you could potentially make back $48.
Either way, you’d be making less in winnings than you would risk if you bet on the Marlins, because it doesn’t benefit the sportsbooks to offer more returns on teams they expect to lose. The extra money you have to put down to bet on a favored team is referred to as the “juice,” the amount of money the sportsbook makes on each pair of bets if equal numbers of bettors bet on each side of the line.
Now that you fully understand American lines, let’s take a brief look at decimal lines. Let’s continue using our above example of the Rangers and the Marlins, but let’s change their respective odds to 2.2 and 1.77, with the former still representing the underdog and the latter still representing the favored team. While you won’t see these lines as often as American lines, they make things pretty easy to understand.
Basically, what you’re looking at is an approximation of how much you will return if you bet $1, meaning that you will get a total of $2.20 back if you place a winning bet on the Rangers. This accounts for both the dollar you put down, and the $1.20 you receive in winnings. If you multiply these numbers by 100, you’ll see that this is in line with the numbers we gave for the American lines. And if you subtract one from the decimal line, you’ll get the number you’ll receive in winnings alone. As you can see, reading decimal lines can actually be faster than reading American lines once you understand the numbers.
If you ever want to convert the lines from American to decimal or vice versa, the formula is rather simple. We’ll start with converting American lines to decimal lines, which is useful if you want to know the ratio on the dollar rather than in terms of $100 bets. If you’re looking at the lines for an underdog, you take the positive number given for the line and divide it by 100, then add 1. This means that +120 for the Rangers translates to 120 / 100 + 1 = 2.2 for the decimal line.
If you are looking at a favored number, the equation is slightly similar but you reverse the position of the line. So rather than dividing 100 into the line, you divide the negative line number into 100. Our example of -130 for the Marlins therefore translates into 100 / 130 + 1 = 1.77 for the decimal line. It actually comes out to 1.769, but we have rounded up for our example.
You can also convert lines in the other direction. To convert the 2.2 decimal line to the American line system, you would subtract 1 and then multiple the number by 100. So (2.2 – 1) x 100 = +120 for the American line. Note that you will know when you are doing the conversion for an underdog, because it will always be greater than 2.
When numbers are less than 2, you know that they are for favored teams. In these cases, you want to subtract one from the decimal line and divide the number into -100. This means that (-100) / (1.769 – 1) = -130 for the American line on the Marlins. Note that this is not actually the exact outcome of the equation, but it can be hard to get precise numbers when converting favored teams. You will usually have to approximate.
Now that you understand both kinds of lines and how to read them, let’s look at implied win rates. An implied win rate is a percentage that gives you an idea of just how much the sportsbook has favored one team over the other. Before going over how to figure these out, we should warn you that the percentages for underdogs and favored teams will amount to more than 100%. This is the result of the juice that we mentioned earlier, which ensures that the sportsbooks will make a profit.
So, let’s start with implied win rates for American lines. If you’re looking at an underdog, you add the line to 100, and then divide the resulting number into 100. So the implied win rate for our example line of +120 is 100 / (120 + 100) = .4545, or about 45.5%. For favored teams, forget that the line is negative. Treat it as a positive number, add it to 100, and divide that number into the value for the line. Our example line of -130 then gives you the equation 130 / (130 + 100) = .5652, or about 56.5%.
It is much easier to figure out implied win rates for decimal lines. All you have to do, whether you are looking at the underdog or the favored team, is divide the line into 1. So, for our example lines of 2.2 and 1.77, you would get 1 / 2.2 = ~45.5% and 1 / 1.769 = ~56.5%, respectively. If you use the approximation of 1.77 in the equation, you still get approximately 56%, so you can see that there is not much of a difference when calculating implied win rates as long as you have close to the exact number.
The final thing to look at in this section will be how to figure out no-juice lines, also known as “no-vig” lines in reference to vigorish, the proper name for juice. As we have said above, the juice is how sportsbooks ensure that they will profit from sports betting, which means that implied win rates are imperfect as long as juice is factored in. To figure out the no-juice lines, you will first have to follow the steps above to find the implied win rates. So, using our examples of 45.5% for the underdog and 56.5% for the favored team, let’s look at how to get the no-juice lines.
Naturally, we’ll again start with the American lines. If you are calculating the no-juice line for the underdog, you will start by dividing the underdog’s implied win rate by the sum of both win rates. In other words, .455 / (.455 + .565) = .446, meaning that the implied win rate without juice is about 44.6% for the underdog. To get the actual no-juice line, you multiply this number by 100, subtract their sum from 100, and divide the whole thing by the no-juice percentage. In other words, (100 – [100 x .446]) / .446 = 124.2, meaning that the approximate money line for the underdog without juice is about +124.
Now, let’s look at the favored team, since this is where juice plays the bigger role. Again, you will be adding the implied win rates, this time dividing them into the win rate for the favored team. This gives you .565 / (.565 + .455) = .5539, meaning that the approximate no-juice win rate is around 55.4% for the Marlins in our example. Then, figure out the revised money line by subtracting this number from 1, and then dividing that into the result of the no-juice percentage multiplied by 100. This gives you (-100 x .554) / (1 – .554) = -124.2, which means the money line for the favored team without juice is about -124.
If you want to do this with decimal lines, you follow the same first step for each to find no-juice percentages. We have already given you these for our example numbers, at values of 44.6% for the underdog and 55.4% for the favored team. Then, to find the actual no-juice decimal line, you divide either of these percentages into 1, giving you 1 / .446 = 2.24 for the underdog’s decimal line and 1 / .554 = 1.805, or about 1.81 for the favored team’s decimal line.
As you can see, the decimal lines are still pretty different, but the American lines are almost identical without juice. This underscores the fact that sportsbooks tend to ensure their income through the money they charge on the juice for bets on favored teams. We’ll talk a bit more about how sportsbooks work after the next section.Various Kinds of Bets You Can Make
The following are some of the most common types of wagers. Again, we’ll bold each one so that you can more easily scroll past any information you may already know.
We’ll start with money lines, since they are the most common and we have already talked quite a bit about how to read them. You will especially be betting on money lines if you prefer to bet on baseball or hockey. In basketball and football, it is generally only common to bet on money lines if you are betting on the underdog, as money lines for each of those two sports tend to be rather high and charge a lot of juice on favored teams.
When you bet on the money lines, literally all you are betting on is whether or not a particular team is going to win the game. You will also see money lines on other types of bets, as a means of telling you the payout for each one.
Next, let’s consider over/under bets, also known as O/U bets or totals. These are not the most common type of wager, but they occur with relative frequency in all major sports. The over/under is basically the number of points (or runs in baseball and goals in hockey) expected to occur between both teams. It doesn’t matter who wins or loses, or even how many points are scored by each team. All that matters is the total between them.
The reason that totals play is also referred to as an over/under bet is that you are betting on which side of the given number you expect the actual total to fall. So in a game between two teams in which the given total is 224, you might bet under if you expect a low-scoring game in which neither team clears 100 points. You might also bet over if you expect both teams to score well over 115, or even if you just expect one team to score enough to clear the difference.
If, however, the above game results in a combined score of 224, the game will result in what is known as a push. This means that nobody wins, and all of the money is refunded. Sometimes, sportsbooks will try to prevent this from happening by setting totals numbers with half-points on the end. So if you see an O/U total set at 224.5, then you can win by betting under if the combined score is 224 or less, and you can win by betting over if the combined score is 225 or more.
Now, let’s look at point spreads, also known as run lines or puck lines if you are betting on baseball or hockey, respectively. The point spread will always be the same number for each team, and again the positive number will d
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*Sports Betting 101 Point Spread
*Sports Betting 101 Point Spread
*How Does Sports Betting Work
*Online Sports Betting 101
Over the past few months, we’ve posted quite a few articles on sports betting. We posted three guides to cover the basics on handicapping baseball, basketball and football, but these didn’t nearly cover everything a beginner would need to know. We’ve also posted articles that cover basic terms, as well as other assorted betting tips.
But we realized that, to some bettors, the number of articles on the basics might present a problem. It’s a lot of information to keep track of without having it all in one place. In addition, we also like to post articles offering pro tips, whether about certain sports or simply about how sportsbooks are run. When posting these types of articles, we don’t want to risk alienating our more experienced clients by having to stop and rehash some of the basics that have already been covered elsewhere.
So we’ve decided to cover all of the basics in one fell swoop, with a complete guide to betting on sports. This will combine some information that has been covered previously, such as tips about finding a decent sportsbook or about how to manage your money efficiently, while also providing some new information that we’ve wanted to cover for a while. This is going to be a pretty long guide, but we suggest that novice bettors make sure to bookmark it. This information will almost definitely prove useful to you as you get your start.
Of course, with our handicapping consulting services, it isn’t that hard to make a profit through sports betting. But you will still want to know the following basics if you don’t want to get lost in a sea of numbers and tricky decisions. With that said, let’s dig in.1. Start By Asking Yourself Some Personal Questions
Our Gambling 101 series continues with a look at quarter and halftime betting odds. What are they and how do bettors get in on the action? Sports Betting 101: How to Bet Many new bettors struggle with deciding on how to bet on sports. It’s an especially intimidating undertaking for bettors without a background in statistics.
And try to come up with some better answers than this guy did. (GPointStudio/Shutterstock)Is Sports Betting Right For You?
If you’re looking at this type of guide for the first time, you might still be on the fence about sports betting. You might feel lured in by the promise of winning, while your more practical side is screaming at you that the threat of losing is simply too great to risk it. And that’s why you’re going to have to do some soul-searching before you even bother with the rest of this guide.
Now, there are some circumstances under which we absolutely would not suggest for you to engage in the practice of sports betting. For instance, if you don’t have much money and are thinking that sports betting will act as some sort of “get rich quick” scheme, then you might want to turn the other way. You can make a lot of money on sports betting, but no one wins every time. You also wind up with a lot of your money stuck in venture if you’re betting through online sportsbooks, so even those who get rick may not always do so quickly.
More importantly, however, is whether or not you are the type of person who is likely to develop a gambling addiction. While it is often our opinion that sports betting is different from other types of gambling, those with particularly addictive personalities may still be likely to spend too much and hurt their financial lives in the process. If you have a family (or even if you’d like to), then this risk is especially worrisome. So whether or not you have a decent bankroll, stop and think about whether or not you are the type of person who is able to bet responsibly.
Now, let’s say that you have a fair bit of money and you are not too worried about becoming an addict. You might think that you’re in the clear, but if so then you’re forgetting that sports betting is not legal in all states. And in some places where it is legal, there are certain rules regarding what you can and cannot place bets on. Now, since many sportsbooks are online and not situated in one physical location, these rules might be bendable for some.
But you ultimately have to figure out whether or not betting is even remotely legal for you, and then decide whether or not you are comfortable with the idea from an ethical standpoint. After all, even if it’s legal and you are not at risk of addiction or excessive financial loss, some of your friends and family might not approve. It’s up to you whether or not you’re the type of person who can feel comfortable without their endorsement of your activities.Why Do You Want to Bet on Sports?
Once you’ve taken the time to decide whether or not sports betting is something to which you’d like to dedicate your time, you still have to do some thinking about why you have decided to take up the hobby of sports betting. There are some professional sports bettors out there, people who make a great deal of their income from this hobby alone. Are you hoping to be one of them? Or are you just in it for the excitement?
The answer to this question will likely determine how you go about betting in the first place. If you just want a bit of extra money and don’t care about the experience, then you might just sign up for our service, follow our picks, and not give it another thought. Heck, you might not even watch the games you’ve wagered on, and just wait to look up the scores and see if you made any money. You have the option of putting forth very little effort. Of course, this isn’t the most exciting way to go about it by any means whatsoever.
If you’re in it because you want to engage yourself in a fun and exciting new hobby, then you’re going to bet much differently. You might enjoy doing research on each team, to the extent that you bet on some games without looking to see which picks we’ve offered. You might occasionally bet more of your bankroll then we’ve suggested (if you have the money to do so, of course). And if you choose to watch the games, you’re likely to be holding your breath every second, utterly enthralled by every movement of the players as they bring you either nearer to or further from victory.
There are pros and cons to each of the types of bettors we’ve described above. Those who are in it for the excitement will sometimes lose more than they can afford, whereas those who do not engage themselves in the process will make a bit of money but will not necessarily enjoy it. If you can, it doesn’t hurt to aim somewhere in the middle. You want to be engaged, but don’t allow yourself to mismanage your bankroll. Do your research (as we will outline below), and if you’re paying for our services then by all means use them. Don’t let a fun hobby go to waste because you were either too excited to get involved or too impartial to really benefit from the joy of winning.2. Fundamentals of the Sports Betting ProcessSports Betting 101 Point Spread
These next few steps are the building blocks you must put together to become a true sports bettor. (4volt)Reading the Lines on the Sportsbooks
The first of the basics you will have to learn if you want to be a sports bettor is how to read the lines. The most important lines will be determined by the sport upon which you are betting. For instance, in baseball and hockey, most sports betting is done by the money lines. In basketball and football, most bets usually pertain to the point spreads. There are also numbers known as the over/under or O/U, which more casual bettors will generally refer to as totals.
There are two ways in which you’ll usually see money lines written. The one you’ll see most commonly is the American system, but there’s also a decimal system that you may run into on occasion. We’re going to go ahead and cover both, along with how to convert them so that you never have to worry about which system your sportsbook of choice has decided to use. We will also tell you how to figure out implied win rates and lines no-juice lines. We’ve bolded each major point in this section, so that you may scroll past any information you already know.
We’ll start with American lines, which can be confusing to those who are new to sports betting. Lines written in this fashion may seem counterintuitive to many beginners, largely because positive numbers actually indicate which team is expected to lose, whereas negative numbers signify that the team in question is favored by the sportsbook. So if the Texas Rangers are given a money line of +120 in a game that has the Miami Marlins listed at -130, then the Marlins are favored while the Rangers are considered to be an underdog.
Now that you understand what the plus and minus signs represent, it’s time to talk about the meat of the issue: what the numbers mean. To understand this, think of everything in terms of $100. If you’re betting on the Marlins in the example above, you’d have to put up $130 to win an extra $100. However, if you’re betting on the underdog in the example above, you’d have to lay down $100 to potentially make an extra $120. That isn’t to say that you’re actually required to bet that much, but this gives you an idea regarding the ratios. So if you bet $40 on the Rangers, you could potentially make back $48.
Either way, you’d be making less in winnings than you would risk if you bet on the Marlins, because it doesn’t benefit the sportsbooks to offer more returns on teams they expect to lose. The extra money you have to put down to bet on a favored team is referred to as the “juice,” the amount of money the sportsbook makes on each pair of bets if equal numbers of bettors bet on each side of the line.
Now that you fully understand American lines, let’s take a brief look at decimal lines. Let’s continue using our above example of the Rangers and the Marlins, but let’s change their respective odds to 2.2 and 1.77, with the former still representing the underdog and the latter still representing the favored team. While you won’t see these lines as often as American lines, they make things pretty easy to understand.
Basically, what you’re looking at is an approximation of how much you will return if you bet $1, meaning that you will get a total of $2.20 back if you place a winning bet on the Rangers. This accounts for both the dollar you put down, and the $1.20 you receive in winnings. If you multiply these numbers by 100, you’ll see that this is in line with the numbers we gave for the American lines. And if you subtract one from the decimal line, you’ll get the number you’ll receive in winnings alone. As you can see, reading decimal lines can actually be faster than reading American lines once you understand the numbers.
If you ever want to convert the lines from American to decimal or vice versa, the formula is rather simple. We’ll start with converting American lines to decimal lines, which is useful if you want to know the ratio on the dollar rather than in terms of $100 bets. If you’re looking at the lines for an underdog, you take the positive number given for the line and divide it by 100, then add 1. This means that +120 for the Rangers translates to 120 / 100 + 1 = 2.2 for the decimal line.
If you are looking at a favored number, the equation is slightly similar but you reverse the position of the line. So rather than dividing 100 into the line, you divide the negative line number into 100. Our example of -130 for the Marlins therefore translates into 100 / 130 + 1 = 1.77 for the decimal line. It actually comes out to 1.769, but we have rounded up for our example.
You can also convert lines in the other direction. To convert the 2.2 decimal line to the American line system, you would subtract 1 and then multiple the number by 100. So (2.2 – 1) x 100 = +120 for the American line. Note that you will know when you are doing the conversion for an underdog, because it will always be greater than 2.
When numbers are less than 2, you know that they are for favored teams. In these cases, you want to subtract one from the decimal line and divide the number into -100. This means that (-100) / (1.769 – 1) = -130 for the American line on the Marlins. Note that this is not actually the exact outcome of the equation, but it can be hard to get precise numbers when converting favored teams. You will usually have to approximate.
Now that you understand both kinds of lines and how to read them, let’s look at implied win rates. An implied win rate is a percentage that gives you an idea of just how much the sportsbook has favored one team over the other. Before going over how to figure these out, we should warn you that the percentages for underdogs and favored teams will amount to more than 100%. This is the result of the juice that we mentioned earlier, which ensures that the sportsbooks will make a profit.
So, let’s start with implied win rates for American lines. If you’re looking at an underdog, you add the line to 100, and then divide the resulting number into 100. So the implied win rate for our example line of +120 is 100 / (120 + 100) = .4545, or about 45.5%. For favored teams, forget that the line is negative. Treat it as a positive number, add it to 100, and divide that number into the value for the line. Our example line of -130 then gives you the equation 130 / (130 + 100) = .5652, or about 56.5%.
It is much easier to figure out implied win rates for decimal lines. All you have to do, whether you are looking at the underdog or the favored team, is divide the line into 1. So, for our example lines of 2.2 and 1.77, you would get 1 / 2.2 = ~45.5% and 1 / 1.769 = ~56.5%, respectively. If you use the approximation of 1.77 in the equation, you still get approximately 56%, so you can see that there is not much of a difference when calculating implied win rates as long as you have close to the exact number.
The final thing to look at in this section will be how to figure out no-juice lines, also known as “no-vig” lines in reference to vigorish, the proper name for juice. As we have said above, the juice is how sportsbooks ensure that they will profit from sports betting, which means that implied win rates are imperfect as long as juice is factored in. To figure out the no-juice lines, you will first have to follow the steps above to find the implied win rates. So, using our examples of 45.5% for the underdog and 56.5% for the favored team, let’s look at how to get the no-juice lines.
Naturally, we’ll again start with the American lines. If you are calculating the no-juice line for the underdog, you will start by dividing the underdog’s implied win rate by the sum of both win rates. In other words, .455 / (.455 + .565) = .446, meaning that the implied win rate without juice is about 44.6% for the underdog. To get the actual no-juice line, you multiply this number by 100, subtract their sum from 100, and divide the whole thing by the no-juice percentage. In other words, (100 – [100 x .446]) / .446 = 124.2, meaning that the approximate money line for the underdog without juice is about +124.
Now, let’s look at the favored team, since this is where juice plays the bigger role. Again, you will be adding the implied win rates, this time dividing them into the win rate for the favored team. This gives you .565 / (.565 + .455) = .5539, meaning that the approximate no-juice win rate is around 55.4% for the Marlins in our example. Then, figure out the revised money line by subtracting this number from 1, and then dividing that into the result of the no-juice percentage multiplied by 100. This gives you (-100 x .554) / (1 – .554) = -124.2, which means the money line for the favored team without juice is about -124.
If you want to do this with decimal lines, you follow the same first step for each to find no-juice percentages. We have already given you these for our example numbers, at values of 44.6% for the underdog and 55.4% for the favored team. Then, to find the actual no-juice decimal line, you divide either of these percentages into 1, giving you 1 / .446 = 2.24 for the underdog’s decimal line and 1 / .554 = 1.805, or about 1.81 for the favored team’s decimal line.
As you can see, the decimal lines are still pretty different, but the American lines are almost identical without juice. This underscores the fact that sportsbooks tend to ensure their income through the money they charge on the juice for bets on favored teams. We’ll talk a bit more about how sportsbooks work after the next section.Various Kinds of Bets You Can Make
The following are some of the most common types of wagers. Again, we’ll bold each one so that you can more easily scroll past any information you may already know.
We’ll start with money lines, since they are the most common and we have already talked quite a bit about how to read them. You will especially be betting on money lines if you prefer to bet on baseball or hockey. In basketball and football, it is generally only common to bet on money lines if you are betting on the underdog, as money lines for each of those two sports tend to be rather high and charge a lot of juice on favored teams.
When you bet on the money lines, literally all you are betting on is whether or not a particular team is going to win the game. You will also see money lines on other types of bets, as a means of telling you the payout for each one.
Next, let’s consider over/under bets, also known as O/U bets or totals. These are not the most common type of wager, but they occur with relative frequency in all major sports. The over/under is basically the number of points (or runs in baseball and goals in hockey) expected to occur between both teams. It doesn’t matter who wins or loses, or even how many points are scored by each team. All that matters is the total between them.
The reason that totals play is also referred to as an over/under bet is that you are betting on which side of the given number you expect the actual total to fall. So in a game between two teams in which the given total is 224, you might bet under if you expect a low-scoring game in which neither team clears 100 points. You might also bet over if you expect both teams to score well over 115, or even if you just expect one team to score enough to clear the difference.
If, however, the above game results in a combined score of 224, the game will result in what is known as a push. This means that nobody wins, and all of the money is refunded. Sometimes, sportsbooks will try to prevent this from happening by setting totals numbers with half-points on the end. So if you see an O/U total set at 224.5, then you can win by betting under if the combined score is 224 or less, and you can win by betting over if the combined score is 225 or more.
Now, let’s look at point spreads, also known as run lines or puck lines if you are betting on baseball or hockey, respectively. The point spread will always be the same number for each team, and again the positive number will d
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