Football Betting For Dummies
Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand.
Betting the spread is one of the most common ways to bet on the NFL online. When learning how to bet real money on the NFL, these are the bets you should start off with. The idea behind spread betting is to “level the playing field” between two teams with different levels of skill and different expectations. Betting the spread is one of the most common ways to bet on the NFL online. When learning how to bet real money on the NFL, these are the bets you should start off with. The idea behind spread betting is.
The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren’t created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game. In a way, the point spread will even the field for both teams.
Dummies has always stood for taking on complex concepts and making them easy to understand. Dummies helps everyone be more knowledgeable and confident in applying what they know. Whether it’s to pass that big test, qualify for that big promotion or even master that cooking technique; people who rely on dummies, rely on it to learn the. Learning about football betting strategy is much easier if you’re already familiar with certain aspects of sports betting in general. A lot of what you need to learn just won’t make much sense if you’ve literally never placed a sports wager in your life, or if you don’t really understand sports betting. Cash-Out Sports Betting for Dummies Many sportsbooks offer their customers the chance to ‘cash-out’ before the event has finished and their sports wager has been settled. The cash-out feature is a way for a bettor to lock-in profit from their sports wager, or minimize their losses.
The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread.
The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. The underdog in a game is listed as being plus (+) the point spread.
Let’s use the upcoming Super Bowl between the Kansas City Chiefs and Tampa Bay Buccaneers as an example.
Using this example, the Chiefs opened as 3-point favorites over the Buccaneers (currently Chiefs ). The Chiefs need to win by 4 or more points to cover the spread.
Likewise, the Buccaneers opened as 3-point underdogs. That means the Buccaneers would need to win the game outright or not lose the contest by 4 points or more. If the line is Chiefs -3 and they win by exactly 3 points, the betting result is a “push” and bettors for both sides would get their wagers refunded.
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ALSO READ: 5 Fun Super Bowl prop bets to consider
Point spread betting odds
Point spreads are usually set with -110 odds, but pricing often fluctuates at online sportsbooks. This is the sportsbook operators’ house edge. The odds guarantee the sportsbook operator will see a little money over time. When the odds are set at -110, the bettor must wager $110 to win $100 (or $11 to win $10).
The odds on a point spread are most commonly known as the vigorish or “vig” for the sportsbook. You might hear this small profit margin for the sportsbook called the “juice” by some sports bettors.
Point spread FAQs
What does ‘pick em’ or ‘pick’ mean in NFL betting?
A “pick em” (sometimes seen as “pick”) is when the teams have a point spread of zero, meaning neither team is favored. In this instance, you’re essentially picking moneyline and your bet will be determined on the winner alone.
What does -7 and +7 mean in NFL betting?
A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded.
A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push.
What does -3 and +3 mean in NFL betting?
A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager.
A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.
Why are point spreads in the NFL so much lower than in college?
In 2019, the Baltimore Ravens led the NFL in point differential per game at +13.7 points; the Miami Dolphins ranked last in the NFL in point differential per game at -11.7. Even Kansas City– known for their explosive offense– had an average point differential in 2019 of just 9.7 points. The net point differential in the NFL is -14.1, or -0.9 points per game. Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.
NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around 15-20 point favors. (For those wondering, the 1941 Chicago Bears hold the NFL record of point differential at +15.7 points per game. Conversely, Ohio State had a +33.1 average point differential in 2019.)
Point spread and odds movement
Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.
For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from -112 to -115 and -120 before the line moves to -3.5.
Football Betting For Dummies Free
Run and puck lines
Football and basketball games are mostly bet using a point spread. The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively.
These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting. Since points (runs and goals) aren’t as easy to come by in baseball and hockey, the odds with the lines may have a wider spread than a football or basketball game.
There are many different variations of how people play football squares, also known as Super Bowl Squares. Most people play during the Super Bowl, but squares can be played for any other game, or in some cases you can use the same squares for multiple games (Example: NFL Playoffs). Basics of the Game:
Horse Betting For Dummies
- Start with an empty 10 by 10 grid. This will give you 100 Squares that you can let your Users select.
- Now assign one team to the columns, and one to the rows.
- Begin recruiting your Users to join your Football Squares pool. If you use our site to Play Football Squares Online, this will be a much easier process since you can simply email everyone the link to your site and let them choose their squares. If you decide to use a Spreadsheet or Printable Sheet, then this process will take you a lot more time simply because of having to try and share a single sheet or spreadsheet.
- Once all the squares have been filled, it is time to assign the numbers. Randomly assign numbers 0 through 9 to each column, followed by doing the same for each row. Now each square represents a specific score in the game based on the column and row numbers.
- Your Football Squares grid is now complete, and you just need to wait til the game is played to determine who will be your winners. A winner is usually determined at the end of the 1st quarter, 2nd quarter, 3rd quarter, and Final Game score. The winner is determined by looking at the last number in each of the teams' score, and then matching those numbers on the grid and seeing which square intersects those two numbers. If the score at the end of the game is AFC 33, and NFC 24, then the square on the grid that has AFC with number 3, and NFC number 4, would be the winner.
- Payouts for the winners vary depending on your setup, but usually the 1st through 3rd quarter get about 20% of the pot each, and the final score would get the remaining 40%.
Other Options
- Assign a different set of numbers per Quarter
- Assign a different set of numbers per Half
- Use a 5 by 5 grid, where each square has two numbers for each team