Sports Betting 101
Joint Favorite – When there are two favorites for an event. Double Pop – A European way of saying that a bettor will bet twice the normal amount. Dead Heat – Another way to say that there is a tie in a finishing position. Sportsbooks have different rules on how to pay in the event of a tie or dead heat in an event. Contrarian – Betting against the trends of the mainstream popular opinions. Bettors usually place contrarian wagers when there is value on the opposite opinion.
Types Of Bets You Can Tease
This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Hedge – Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager. Fixed Odds – These are the odds that most sports bettors will experience. Horse bettors might experience a change in odds from parimutuel betting. Backdoor Cover – This is a popular term for a team that covers a point spread late in a game.
Sports Betting Articles & Picks
Sometimes gamblers are allowed to change the lines and odds set by the sportsbook. Buying points refers to a gambler changing the point spread on his bet. In order to buy points in favor of the team he’s betting on, a gambler must accept worse odds on the bet’s payout. As far as the second leg of the teaser goes, the Broncos are who we thought they were last week, and that was a fraud of a 3-0 team. Those three wins came against teams that were a combined 0-9 heading into Week 4.
Additionally, an over/under bet is accompanied by an odds line. Sometimes the odds line differs, and one team may have the over at -120 and the under at +100. If Seattle wins by 6 points exactly, it’s called a “push”, and your original wager is 5 Ways To Invest In Sports Betting Stocks And Funds returned to you. In many cases, you will see point spreads that are denoted as +/- half increments (EX. Seattle -6.5). In this case Seattle still would need to win by 7 points or more to “cover” as there are no half point plays in football. If Candidate A wins the election, every $1 wagered will win $.50 plus the original $1 wagered which equals $1.50 or 1.50 odds.
If a minus (-) sign is before the spread number, this means the team is favored to win and must win the event by more than the number value listed. Money Line (Represents a wager made on a specific team to win an event without using the Point Spread. The Money Line is expressed in terms of a $100 bet). As of writing this, most spreads fall outside of the sweet spot for the BST we promote.
After not having many options last week, we have a handful of teaser options for Week 7. Been loving teasers this year and having some good success. While 3 and 7 are still the two most common numbers, they aren’t quite as common as they used to be, so their teaser importance, while still great, has lessened slightly. We have seen an increase in teasers taking a -6 favorite down to PK or something like that. There is nothing inherently wrong with doing this, but from a mathematical standpoint, it would not be as effective as a teaser that catches the 3 and 7.
Bets that have a roughly 50 percent chance of winning and pay out 1 to 1 are said to be “even money” bets. A bet used in horse and motor racing whereby three racers are selected. To win the best the gambler must successfully predict two of the selection’s finishing positions. Take a look at which are the best online sportsbooks in the US.
We already did the runaround on Bengals-Ravens for over/under of the week. No need rehashing in full detail again why Joe Burrow should at least hang around in Cincinnati’s biggest game in several years. Such unusual tendencies can’t possibly continue by a team led by Patrick Mahomes and Andy Reid. And good news for KC here is they are getting an opponent that is one of eight clubs to be averaging less than one takeaway per week. At the same time, that defeat probably represented rock bottom for the reigning five-time AFC West champs.
A popular strategy implored by most casual bettors is to tease favorites down so that they are closer to a pick’em and to tease a total down and take the over. A smarter strategy used by professional bettors is to make the most of the allotted points in the teaser. An example of this would be moving a favorite of -8 down to a favorite of -2, thereby moving past the three and the seven, and moving an underdog of +2 points to +8.