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By Matthew Makowski. Originally posted January 7, Updated on January 11 at pm. Investing rock star Warren Buffett has called Bitcoin rat poison, a mirage and worthless.

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For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2. He has then "bought" half a point, and the odds of his bet will be changed. Chalk: The favorite in the game. People said to be "chalk" bettors typically bet the favorite. Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.

Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread. Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.

Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. Favorite : The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2. Fixed : A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result.

The participant did not play honestly or fairly because of an undue outside influence. Futures bet : A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season. Halftime bet : A bet made after the first half ended and before the second half begins football and basketball primarily.

Handle : The amount of money taken by a book on an event or the total amount of money wagered. Hedging : Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.

Hook : A half-point. In-game wagering : A service offered by books in which bettors can place multiple bets in real time, as the game is occurring. Juice : The commission the bookie or bookmaker takes. Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Limit : The maximum bet taken by a book.

Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds.

Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets. Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.

Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.

Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain.

Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast.

It can be a result of a group or syndicate of bettors all getting their bets in at the same time. Important tip: Bookmakers make the bulk of their money by stacking the odds against the bettor. They charge you a "fee" to place bets with them called the vig or juice. If you want to give yourself the best chance to win, you should seek out the best lines and odds by shopping across multiple bookmakers. Read more about line shopping. Many novice sports bettors don't even think about money management.

They simply pick an arbitrary bet size and fire away. This strategy or lack thereof is very risky. It's always better to think about your bankroll and pick the right bet size based on your bankroll. Please read our article about bankroll management. It's critical that beginner bettors set realistic expectations and that they understand high-variance is an inherent part of sports betting. Expecting to win every bet? Of course not. But how much are you expecting to win?

But don't be discouraged. Hitting anything above The key? Recognize that you shouldn't come in and expect to break the bank right away. Successful sports bettors win by applying a disciplined approach over a long period of time. You like the Chargers because they are having a great season, prolific offense, strong defense and they are racking up wins. Since the San Diego offense has been clicking, you also think that a lot of points will be scored during this game.

The next step is to go to a sportsbook and look up NFL, and then find this particular game. The line shows that San Diego is -3, with a total of points. The reason why there is a line is because one team is going to be favored over another to win the game. This way the oddsmakers can level the playing field, making the bet attractive to both sides. In this case, San Diego is the favorite and New England is the underdog.

If they lose the game or win by less than three, you lose your bet. The odds simply mean the chances of the team winning the bet and how much money you will win in relation to how much you bet. Again, this is the sportsbook's profit. On Monday night, the Chargers roll to a victory and you have won both of your bets! The Chargers point margin of victory was more than enough to cover the spread of three points needed to get the win for a cool bucks.

Not bad for your first bet! Winning straight-up means simply winning on the scoreboard without any regard to the point spread. Betting straight-up would be to take a side or a team and bet on them to win outright. Betting with a point spread or line instead of on the straight-up result. Taking points on an underdog or giving points on a favorite. Like betting straight-up, a side bet is a wager on a particular team, or side to win a contest. Betting on a team or total in the first half of the game only.

A parlay bet is a bet with two or more teams where all the teams must win for the bettor to be successful. Parlays are viewed by sharp gamblers as a sucker bet because the house edge juice is large. A bet on two or more teams where the line on each team is adjusted in the favor of the bettor.

All bets must win in order to win a teaser. This is a bet based on the straight-up result of the game without a spread. Used only in hockey. Favorites lay Any wager other than a straight bet or parlay - also called a prop or proposition. Check out the full list of sports betting terms.

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I keep thinking I can "out-pick" you but I can't

Betting odds on todays nfl games Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly. They are expressed as numbers greater thanand they can be either a positive or negative number. Betting with a point spread or line instead of on the straight-up result. Not bad for your first bet! As moneyline odds change as previously mentioned, so does ATS lines. Typically, bookmakers will install the favored team as a 1. Successful sports bettors win by applying a disciplined approach over a long period of time.
Stan james betting calculator oddschecker Oddsmaker also linemaker : The person who sets the odds. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate. The point spread is used to even the playing field. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river last card. To avoid this possibility, many spreads include a half-point, like Bears First, however, a word of caution: Sports betting can be a fun and profitable venture. All bets must win in order to win a teaser.
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He loved to wager on basketball and football games. But in the s and s, gamblers were limited to just moneyline wagers. And from his point system, he would decide whether or not to make a moneyline wager. But McNeil also recognized that moneylines stifled gambling. He correctly deduced that a point spread betting system would be more popular with gamblers, so he opened his own bookmaking shop in Chicago in the s. Chicagoans loved the new form of betting, and his bookmaking operation was wildly successful.

McNeil retired from bookmaking in , but the point spread grew to become the dominant way Americans wager on sports. Today, oddsmakers publish point spread odds on all kinds of sports. The most popular sports are still football and basketball. However, bettors can now make run-line bets in baseball, puck-line bets in hockey, and goal-line bets in soccer.

The point spread came into play to give both sides of a wager an equal playing field. With a regular moneyline wager, the odds might be prohibitive in matchups between two unequal teams. However, if the point spread in that game was With a point spread wager, you have a favorite and an underdog, similar to a moneyline wager. However, you're wagering on the difference in points with the final score of the match. That means there are two scenarios of how this bet can play out:.

If it was the first game of the season, then their ATS record would be ATS, which means they covered the spread once and never failed to cover the spread. You will see season records like ATS for a specific team, like a college football team, in the statistics. During the season, such a college football team would have covered the spread 7 times, and failed to cover the spread two times.

So, against the spread betting is actually less popular in those sports than moneyline wagers. Still, in any sport where you have two teams competing against each other, you'll be able to bet the spread. The mechanics of betting the spread, though, in these sports is identical. Typically, bookmakers will install the favored team as a 1. With most bet types, the odds are what it all comes down to. You want to shop around for the best lines, and you also want to make sure the odds are the best you can get.

With a point spread, the betting odds are usually but not always A typical example of betting odds for a football game between the Carolina Panthers and the Green Bay Packers:. Thus, there are two components of point spread betting odds. The numbers are in constant flux, and different sportsbooks will have different odds.

The closer the betting odds, basically, the more money you will stand to get. Otherwise, your lay odds should generally be lower than your back odds. Placing back bets is simple. You pick a market or outcome, check the odds, and place money on whether or not you think that outcome will occur.

That, largely, is where the idea of using lay betting alongside came in. However, to get access to the best lay betting opportunities, you are likely going to need to use a betting exchange. This comes back to the idea of matched betting. Placing lay bets is where things can sometimes get a little complex for some betters. As mentioned, laying a bet means you are either selling odds on a certain event or that you are betting against your back wager.

Effectively, if your back bet wins, you lose your lay bet, but if your lay bet wins, the opposite happens. This is why free bets are so popular in the world of matched bets. With no physical cash being placed at one end, you stand to make a profit regardless of the outcome. Understanding lay betting can be tricky at times, but think about it as if you are acting as the bookmaker.

In the betting exchange, you are offering odds on something NOT happening — and someone will fulfil that bet. The basic maths can be easy to understand — but it takes genuine time and practice to be able to turn a regular profit from this type of bet strategy. However, the fact of the matter is, it will likely differ from better to better.

To that end, you should be able to make more precise judgements and to find where you can generate the most profit. Consider tennis, cricket and football for odds which can change wildly even mid-play!