There are many types of bets, but the most common are: moneyline bets, spread bets, total bets, parlays, teasers and futures. In the beginning we will explain how to read betting lines and then we will deal with different types of bets.
Betting line
A total or over/under bet is a single wager on whether or not the combined goal, point or run total of a single game will be over or under what the oddsmaker sets it at before the event. When placing a total wager, all the bettor is concerned with is the combined score of each team at the end of the game. Feb 27, 2020 The odds are equal, or one to one. Ex: If there is an 80% chance of rain one day, then there is a 20% chance it will not rain as well. The odds are 80 to 20. Otherwise put, it is four times more likely that it will rain than stay sunny. Odds Ratio (OR) is a measure of association between exposure and an outcome. The OR represents the odds that an outcome will occur given a particular exposure, compared to the odds of the outcome occurring in the absence of that exposure. Important points about Odds ratio: Calculated in case-control studies as the incidence of outcome is not known. Look up odds in Wiktionary, the free dictionary. Odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics.
Betting line usually shows current odds or moneyline, point spread (handicap) and total for a particular event. For example we can have a line like this:
| Bet Number | Team | Moneyline | Spread or Handicap | Total Points |
| 461 | Bengals | +150 | +6 | over 44 |
| 462 | Patriots | -170 | -6 | under 44 |
Sportsbooks can stuff a lot of numbers in a betting line and sometimes even don't indicate what they mean. When you learn what all these numbers mean you won't be confused any more.
The -170 and +150 are money lines which are used in moneyline bets.
The -6 and +6 are the point spread which are used in a spread bet.
The over 44 and under 44 are the total points which are used in the total bet.
The minus sign (-) always indicates the favorite. The plus sign (+) always indicates the underdog.
Moneyline betting
Money line bets are on the winner of the event. In the example the -170 for the Patriots means that you have to risk $170 to win $100. The moneyline on the Bengals is +150 which means that a $100 bet on the Bengals would win $150, if the Bengals win the game. Of course when you bet $100 on the money line bet and win $150, you will receive $250 on payout.
Spread betting or point spread betting
Spread bet is a bet on score difference between two opponents. In the example above the Patriots are favored to win by 6 points and that is marked with -6 next to their name. So you can make two spread bets: 1) that the Patriots will win by 7 or more points or 2) that the Bengals will lose by 5 or less points. If the Patriots win by exactly 6 points, then the spread bets would be a push and the initial stakes would be paid back to the bettors. Usually with a spread bet the bettor stakes $110 to win $100.
Total bet
These are bets on the number of points scored in the game by both teams combined, including points scored in the overtime. In the example above the bettor bets whether the total points between the Bengals and the Patriots will be over or under 44. Like in the spread betting the odds are -110, that means risk $110 to win $100.
Parlay
The parlay is a bet on multiple sports events in which all teams must win or cover for the bettor to win and yield huge payout. If just one game doesn't win you lose the entire bet. If one or more games end push then these games are ignored. If you win all other games you get paid according to the games you won.
Teaser bet
A teaser is a special type of parlay in which the point spread on each game moves a particular number of points in the player's favor. Price of moving the point spread are lower odds.
Futures
Futures are bets on future events. At the beginning of the season, the bookmakers give odds for teams who will win the championship. Futures are really difficult type of bet just for wise guys.
Much like in baseball where the traditionalists complain that the new wave of players are taking over and disrespecting the game, sports betting is slowly becoming geared to the younger generation of players. The demand for quick results and instant gratification have taken the sportsbooks by storm and sportsbook have replied by offering up more and more obscure bets. However, one of the simplest forms of betting has remained the same and that is betting the “total” for a particular game or event.
What Does Total Mean?
If you hear the phrase “total” being talking about during a sports betting discussion, it is referring to a betting option where the bettor is predicting the number of runs/goals/points scored by the two teams combined. The two options a bettor has is to bet “over” the total, or “under” the total.In order to understand how the “over/under” works, you must first understand what betting on totals entails.
Total Odds Meaning Math
To keep it short and sweet, linemakers set a total for the number of points they think the two teams will combine to score in a particular game. Bettors then have two betting options to choose from – the “over” or the “under”. Taking the “over” means you think that both teams will combine for more than the linemakers posted total, while taking the “under” is the exact opposite.
When setting these totals, sportsbooks try to set a line that gets balanced action. They hope half the bettors think the line is too high, while the other half think the line is too low. If they can accomplish this, they can make a profit without any risk to them.
The concept is straightforward but throwing in an example never hurt. Let’s say you are looking at a hockey game between the Red Wings andLightning and the linemakers set the total at 5.5 goals. If the teams combine for six or more goals, any bet on the “over” would be graded as a winner. If there are five or fewer goals scored, “under” bettors would be the ones celebrating a winning bet.
Different Types of Total Bets
Odds Meaning In Tagalog
Almost every single sport available for wagering will have a posted total that you can choose to bet on. In it’s simplest form, bettors typically choose to wager on the “over/under” for the entire game. This does not mean that it’s the only option available.
Sportsbooks give bettors the opportunity to wager on the “over/under” for half time “totals”, team “totals”, individual performance “totals” and future bets. To keep it simple, I will use the Red Wings and Lightning example to explain each of these options.
Some sportsbooks offer a 1.5 goal total for each period. This means you can wager on the “over/under” for each period. If you are playing team totals, the Red Wings may have a team total of 2.5 goalsin which case you would have to choose either the “over” or “under”. There are also individual performance totals available, such as the number saves a goalie will make or the number of shots on net a certain player will have. And lastly, if you decide to lay a future bet down on the “over/under” you will likely be betting how many games a particular team will win over the course of the season.
Betting Strategies for Totals
Despite The Odds Meaning
Just like any betting option, you will come across a totals opportunity every once in a while, that is just screaming out at you to bet it. These are the opportunities that you need to capitalize on in order to be a successful handicapper over an extended period of time.
Betting strategies surrounding the total often time revolve around the weather in a particular matchup. In football, if it’s snowing or raining profusely, the “total” could be effected which is why the “under” may be worth looking into further. Now, I’m not telling you to bet every game that has snow or rain “under” the total. I’m telling you to do your research and understand that snow and rain effect all aspects of the game and could take away the part of the game a team has success in (think pass-happy team playing in snow storm – probably won’t be the greatest result).
Total Odds Meaning Vs
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