Betting on sports is often invigorating, while allowing you to earn or lose a lot of money. However, if you enter the betting arena armed with an in-depth comprehension of the correct betting strategy you’ll then win money irrespective of the fate of the match. One important move which should be implemented is concerning how to read sports betting lines since this can help you to get the most out of your bet and also prevent you from losing more money than you should, in case the other team wins.
While betting on sports is not legal practically in most states in the USA, you possibly can still bet if you use the internet. You’ll be able to practically bet on any sports like as football, basketball, baseball and even on car races and horse racing, be it college sports or even professional sports including those hosted by pros for example the NFL, NBA, and NHL. While sports betting lines differ according to the sports, most have common features that mention the names of the teams including the favored along with the underdog, the odds, the over, under and also on points and the spread, if any on the outcome of the match. Even as it seems complicated, an example will help in simplifying the matter easily. For example, a Dallas against Pittsburgh football match could display the following sports betting lines.
Dallas -11.5-130 -180
Pittsburgh +11.5-130 +220
38.5 ov-130 arbitrage betting calculator formula
Firstly, the – sign beside Dallas signifies that it is the favored team to win whereas the + sign next to Pittsburgh indicates that those are the underdog. The subsequent figure i.e. 11.5 on both lines indicates that the favored team has to win and that too at least by way of the figure or points mentioned on the spread. The next number i.e. 130 that is mentioned on both lines indicates the amount that you will have to bet in an effort to win $100 on that bet.
The very last numbers on both the lines indicate the money line. If you want to bet on any team winning the match outright, then you’ll need to bet on the money line. If you bet on the underdog then the risk is higher and you win extra money for a lower stake whereas when you bet on the favored team then you will win a lesser prize even as you’ll need to put a higher stake. Hence if you bet on Pittsburg, i.e. the underdogs then a $100 stake will give you an additional $220 should they win the match but if Dallas win and you’ve betted with them then this stake of $180 will get you a further $100.
The last line indicates the over-under, i.e. 38.5. Hence, irrespective of which team wins, in the event the game finishes having a score of 12-10 and if you might have bet under, then 12+10=22, hence you win since it is lower then 38.5. The number 130 next to the ov indicates what amount you will need to bet to win $100 on this sort of bet.
You can start by gambling only on outright results of each game or match before venturing on to gambling on spreads and over-under. The above sample is only one example that can help make your entry into sports betting faster and easier. Once you know on the way to read sports betting lines you’ll be able to fine-tune your strategy to win huge amounts of money.