The Moneyline Explained: How to Read Moneyline Odds
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We recommend researching a team or athlete’s recent performance, as well as the venue, before placing any point spread bets. Negative odds refer to the favored team in the match, the player(s) with the higher probability of winning the game. Bettors will find the favored team/player to win on a betting line with a – sign next to their odds. Parlay betting is where you bet on a combination of teams to get the highest returns for your stake. Gamblers can make parlay bets in all sports leagues, but they are particularly common in NBA betting. In this case, you could back four different teams across four separate matches all to win their line bet — with substantial odds reflecting this risk.
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They also provide an implied probability of each bet succeeding. Sportsbooks will assign a handicap to the stronger team (the moneyline favorite). It allows them to offer similar odds on either team covering it.
When making a fundamental moneyline bet, you’re simply selecting the outright winner of a single game. When making a moneyline bet, you’re simply selecting the outright winner of a single game. Plus, there’s a loyalty program that rewards you for all your bets. The more you play, the more points you earn, which can be turned into credits or used for special promotions. It’s a fun way to make your betting experience even more engaging and rewarding.
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Also, don’t forget to enter a valid promo code in the appropriate field. If you have a solid reason to think an underdog will win, backing them may prove lucrative, depending on what odds the bookmaker assigned them. Let’s use point spread and say a sportsbook believes that the Cleveland Cavaliers are a 20-point better team than the Washington Wizards. The bookmaker can handicap the Cavaliers by 20 points, which creates our line bet. If you bet on the 49ers to cover, they need to win by 7 or more points. A bet on the Bears to cover would pay out if they won the game or lost by up to 6 points.
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The primary goal of bookies when changing lines is to ensure they profit from each selection. If bettors place a wager using American odds with odds of +500, they will get a $500 payout if it succeeds. The bettor receives $100 if the initial American odds are -500 and it grows. Note that the latter requires the individual to place a wager worth $500.
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