Sports Betting Explained
The sportsbooks balance their risk by setting different prices on each team. You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog. The stronger the favorite the less you will win, and vice versa.
If you’re a rock star at picking winners but struggle to pin down how they’re going to get there, you might want to stick to moneyline and spread bets. If you’re a game flow wizard who stinks at picking winners, the over/under bet is your friend. Over/under bets are typically made when you have a prediction on the game flow of the game.
If not, the gamblers who bet the point spread on the Spurs would win. The plus and minus sign are predictive of which team is more likely to win the game, straight-up. Of course, when the point spread is taken into account, the favorite and the underdog will each have close to a 50% chance of covering the spread.
Read our legal betting on the NBA guide to find out if your state has legal betting options. In this example, the sportsbook takes in $220 ($110 from each bettor) before the game and they pay out $210 to the winner after the game. This is why the house wants equal action on both sides of the line when the odds are the same. It guarantees them a profit regardless of the game’s outcome. Understanding payout odds when you’re betting totals is important so let’s take an even closer look to make sure it’s clear.
In this game, the over/under is listed with a decimal, which is an impossible outcome. That’s done to avoid a push, which means the total points for this game will end up either above or below the number posted. If the over/under were 34 or 35, then the teams could end up with 34 or 35 points. That would mean there would be a push, a tie, and all bets would be returned.
Prior to wagering on the over/under check out the point spread. This will tell you how close the experts believe the score will be. That will give you a good example of how the scoring is expected to go. If it rains hard before the game, the field will probably be a big mud pit, which is going to make it tough for players to keep their footing and be as explosive.