Betting on sports is often invigorating, while permitting you to earn or lose a ton of money. However, if you enter the betting arena furnished with an in-depth knowledge of the correct betting strategy then you can certainly win money irrespective of the fate of the match. One important move which should be implemented is on how to read sports betting lines since this can help you to obtain the most from a bet and in addition keep you from losing more money than you ought to, in case the other team wins.
While betting on sports is not legal in most states in America, you possibly can still bet if you go online. You’ll be able to practically bet on any sports such as football, basketball, baseball as well as on car races and horse racing, whether it’s college sports or even professional sports including those hosted by pros such as the NFL, NBA, and NHL. While sports betting lines differ according to the sports, most have common features that mention the names of the teams including the favored along with the underdog, the odds, the over, under and also on points plus the spread, if any on the outcome of the match. Even as it seems complicated, an example can help in simplifying the matter easily. For instance, a Dallas against Pittsburgh football match could display the subsequent sports betting lines.
Dallas -11.5-130 -180
Pittsburgh +11.5-130 +220
how to calculate sports betting winnings
Firstly, the – sign beside Dallas indicates that this is the favored team to win whereas the + sign next to Pittsburgh signifies that those are the underdog. The next figure i.e. 11.5 on both lines indicates that the favored team has got to win and that too at the very least by way of the figure or points mentioned on the spread. The next number i.e. 130 that may be mentioned on both lines indicates just how much you will have to bet in an effort to win $100 on that bet.
The very last numbers on both the lines indicate the money line. If you want to bet on any team winning the match outright, then you’ll need to bet on the money line. If you bet on the underdog then the risk is higher and you win more money for a lower stake whereas if you bet for the favored team you’ll win a lesser prize even as you will have to put in a higher stake. Hence if you bet on Pittsburg, i.e. the underdogs then your $100 stake gives you an extra $220 if they win the match but when Dallas win and you’ve betted with them then your stake of $180 will get you an additional $100.
The very last line indicates the over-under, i.e. 38.5. Hence, no matter what which team wins, if the game finishes having a score of 12-10 and if you might have bet under, then 12+10=22, hence you win since it is lower then 38.5. The number 130 next to the ov indicates how much you have got to bet to win $100 on this sort of bet.
You can start by gambling only on outright results of each game or match before venturing on to gambling on spreads and over-under. The above sample is just an example that can help make your entry into sports betting faster and easier. Once you know on the way to read sports betting lines then you can fine-tune your tactic to win huge amounts of money.