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POINT SPREAD - Also known as the line or spread is generally thought
of as the predicted margin of victory for one team. In reality, it's a
number chosen by the odds maker that he feels will encourage an equal
number of people to wager on the underdog and the favorite. The
negative value -3.5 indicates that team is favored by 3.5 points. The
positive value +3.5 indicates that team is the underdog by 3.5 points.
Betting on the favorite means the team must win by at least four
points to cover the spread. The underdog team can lose by three points
and still cover the spread.
MONEYLINE - Form of betting typically used in baseball and hockey,
which replaces the point spread. The team you choose only has to win
the game, not win by a certain number of runs or goals. The negative
value still indicates the favorite (-150) and the positive value
indicates the underdog (+130). It's easiest to picture the number 100
sitting in the middle of these two values. For example, if you want to
bet a -150 favorite, you would wager $150 in order to win $100. On the
underdog, you would risk $100 and win $130 if the underdog wins. It's
a simple way to have the risk-reward scenario.
TOTAL - Also widely referred to as the over/under is the predicted
number of points odds makers believe will be scored in the game by
both teams combined.
FUTURES - Are bets made predicted an event in the future like the
Super Bowl or a World Series championship? Odds makers produce lines
during the year, depending on the strength or weakness of teams that
offer wagers on each team to win. For example, a league's top team may
be +150 to win the championship. That means a $100 wager would pay
$150 profit. However, a poor team might be +3000, indicating they are
not expected to win and a $100 would pay $3,000 as a huge long shot.
Odds aggregated and delivered by Handicappingexperts.com
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