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World Cup Betting Offers. This is the result of the juice that we mentioned earlier, which ensures that the sportsbooks will make a profit. For favored teams, forget that the line is negative.
Treat it as a positive number, add it to , and divide that number into the value for the line. 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. If you use the approximation of 1. 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 In other words,.
To get the actual no-juice line, you multiply this number by , subtract their sum from , and divide the whole thing by the no-juice percentage.
In other words, — [ x. Again, you will be adding the implied win rates, this time dividing them into the win rate for the favored team.
This gives you. 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 This gives you x.
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 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.
The following are some of the most common types of wagers. 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. These are not the most common type of wager, but they occur with relative frequency in all major sports.
All that matters is the total between them. So in a game between two teams in which the given total is , you might bet under if you expect a low-scoring game in which neither team clears points.
You might also bet over if you expect both teams to score well over , 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 , 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. The point spread will always be the same number for each team, and again the positive number will denote which team is the underdog while the negative number indicates the favorites.
The money lines for each team, however, may differ slightly. Point spreads are the most common type of bet for basketball and football games. The way point spreads work is that the favored team has to win by more points than indicated by the spread, while the underdog has to either win the game or else simply lose by fewer points than indicated by the spread.
Since there are technically more outcomes that will allow the underdog to beat the spread, you will sometimes see more juice charged on the underdog when you are betting on point spreads.
A sportsbook with these odds is expecting Golden State to win, but they are slightly favoring the Cavs to beat the spread and are therefore collecting more juice on those bets.
Also note in the above example that the point spread is given a half-point, meaning that Cleveland must lose by 12 or less or else win the game , while the Warriors have to win by 13 or more.
A push in regards to point spreads is when the difference between the two scores is exactly the same number as the number listed for the point spread, similar to its definition in totals play.
It is not too difficult to understand why many sportsbooks prefer to use half-points to prevent this from happening. Parlays are similar to betting point spreads, but in this case you are betting on more than one game at the same time.
The first thing you need to know is that they are incredibly risky, since losing any one of the games that you add to your parlay results in a loss on the whole thing.
The reason that some people like to bet parlays is that the odds appear to be greater. The money line for a parlay will usually be determined by taking each of the decimal lines for the teams that you have wagered on, multiplying them by one another, and converting them to the appropriate money line.
However, they do not always work this way, and each sportsbook may vary in how they arrive at their given payout.
Many, for instance, will ignore the money lines for each team in the parlay and simply set their odds according to how many teams are included.
Also note that many sportsbooks will offer teasers , parlays in which the spreads have been altered to make them easier to beat.
However, the payout on such bets is usually far less than it would be for a standard parlay, and the odds of winning every bet included in the parlay are still rather low.
There are other bets that we have not covered in detail, such as futures , prop bets , and more. However, they may simply lead up to smaller championships, usually with a slightly smaller payout.
Proposition bets, or prop bets, are generally bets on specific stats. There is an immense variation in which prop bets might be offered at various sportsbooks.
These bets are not necessarily too common for beginners, although they can certainly be fun in moderation.
The odds of winning prop bets will depend upon the nature of the prop bets themselves, so be sure not to overdo them and only make use of prop bets at your utmost discretion.
As a result, we recommend a flat-betting approach. They are also referred to as the NSS number or Vegas ID number. They are unique to the team, sport and league, and universal across most sportsbooks.
Much like stocks on Wall Street, the sports betting market is fluid. Lines can vary based on the sportsbook, because different books have different clienteles.
As a result, one book may post the Cavs -8 while another has Having access to more than one sportsbook allows you to shop for the best line.
Getting an extra half-point might not seem like a huge deal, but it adds up over the long haul and increases your chances of winning.
Our live odds pages will automatically surface the best line for every game. Are you more successful betting on the NFL or NBA?
These are all a good thing to know, and it can allow you to maximize your winnings. Check it out for free here. Sports Betting Best Books.
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To take advantage of these bookmaker incentives, punters may engage in what is known as Matched Betting. Matched Betting is the process by which customers utilise free bets to make money with little risk.
To maximise your betting potential it is important to take the best odds available on the market. Here we discuss the differences between SP and BSP and how that can help you be more profitable when betting.
Accumulators are one of the most popular bets placed on sports - particularly when betting on football. Many bookmakers offer acca insurance or other incentives which we discuss here.
Accumulators are very popular with recreational bettors because they provide the potential for big profit from a small stake.
In turn, this popularity creates demand for accumulator tips - here we take a look at Acca's and what to look out for. Football is by far the most popular betting sport in the UK.