Scores, Odds, Picks & Betting Tips
In a moneyline wager, you are betting on an overall winner in a chosen matchup. Each matchup will have a favorite team to win and an underdog, as well as associated odds that reflect their chance of winning. While it may be more profitable to bet on an underdog, favorites are likely to win more often. The distinction is not trivial for any party involved in the betting markets.
In the 439 games that qualified, you would have turned 50 losses into pushes while winning slightly less on 205 wins due to higher juice. In the 865 games that qualified, you would have turned 84 pushes into wins while winning slightly less on 386 wins due to higher juice. In the 330 games that qualified, you would have turned 25 losses into pushes while winning slightly less on 174 wins due to higher juice.
We cannot use this to calculate Pittsburgh’s, however, because they have negative odds. Say you thought one team had a 60% chance of winning, and it was available at 52.4% implied probability. In this case, we can interpret it to mean that a good amount of money came in on the favorite minus the points.
In the above example, you will see the Tampa Bay Buccaneers and the New Orleans Saints both have -120 next to them. The -120 is known as the vigorish, or the juice – that’s the fee charged by the bookmaker for allowing you to place bets on these teams. Total – The combined amount of runs, points or goals scored by both teams during the game, including overtime. Run line – In baseball, a spread used instead of the money line. Half-time bet – A bet placed on scoring in the second half of a game only.
There are countless things that go into the formulation of a point spread and even more considerations for those looking to beat it. But simply understanding how it works is actually quite simple. The potential winnings are greater when betting on Alvarez, the “underdog” in this fight. Betting on underdogs in any sport typically allows you to risk less in order to win more. Remember, however, that there’s a reason they are the underdog, whether it’s a rookie season, there’s been a recent injury, or they face serious competition.
DraftKings is also one of the few sportsbooks offering alternate spreads at the moment. Here is a side-by-side graphic of the game spread and alternate point spread for the first two games scheduled for July 30. What if there was a way to make an ATS bet that could pay odds of +300, or even +500?