Can someone explain sports betting in layman's term please?

Its pretty simple really.


The purpose of the point spread is to keep the betting even on both sides.


If The Colts are -6 against the Saints tomorrow, that means if you bet on the Colts, they have to win by more than 6 points for you to win your bet.

If you bet on the Saints, they must lose by less than 6 points for you to win the bet.


If you take the Saints straight up to win, you will win more money than if you take the Colts straight up to win.

 

There are some surefire bets out there on tomorrows game. I saw one where it was like over/under Addai getting 10 carries. That has to be over...

 

"sure" bets will usually have crappy odds

 

The O/U on Addai carries is 15.5 right now.

 

Bet what you can afford. Don't bet your mortgage on what you think is a sure fire bet.

If you bet enough, you will see that some games are super rigged.

 

....the ramblings of a compulsive gambler.

 

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I know some of you remember this game. Over for this game was at 42.5 in 2003. Make the XP in it's a guaranteed over unless safety or tie. What does he do?? And there was this Oklahoma game where they were 33 point favorites. They were up 35-0 with 2 minutes to play. Instead of running out the time Stoops decides to throw and go for it on 4th down. The other team had like 5 seconds left. They kicked a FG on second down.

I'm just saying this because I'm always on the wrong side of these rigged games. :grin:

 

Yeah, I'm more of card player. Sports betting takes to much energy, the uncertainty kills me. I'll bet on the "big ones", but I can't do it on the regular basis, too stressful.

 

College football and NFL football isn't the sport of choice for professional gamblers though. Of the major sports, they bet mostly on baseball but most professionals bet on smaller sports to be honest. The reason is the odds makers aren't as sophisticated on lesser sports. I know two professional sports gamblers and they bet only on tennis. They each make well into the mid six figures. Alot of professionals I've spoken to stay far away from NBA because they are convinced the sport is rigged.

Betfair is the gold standard of online sports betting, but isn't available in the USA.

 

They are ALL illegal.

 

The whole point of a spread is that there aren't easy bets. If one team is a lot better than the other, the spread is designed to account for that. At the end of the day, the goal for the sportsbook is to have half the money on each team so the house makes money either way.

Betting against the spread, lots of people lost money in the Giants-Patriots Superbowl - and just as many made money. The spread was set up such that about half of the people put money on each team. Betting on the money line, more people bet on the Patriots to win outright, but at worse odds. So fewer people won, but those people won more money.

Sportsbooks don't care who wins - they make money either way by making sure there are no "good" or "bad" bets.

 

I use 5dimes. They are overseas in Costa Rica I believe.

I suggest you go to therxforum.com to get your info and or questions.

 

let's take the game last night in Memphis.

Does anyone know what the line was going into the game?

I'm assuming the Grizzlies were favored as the home team.


If I bet $50 on the Rockets winning the game straight up, how much would that pay?

what about betting on the Rockets to simply beat the spread?

(posting from Vegas and tempted to put money on the game tonight)

 

It would depend on the spread. If Memphis was favored by a lot, you'd win more by betting on the Rockets to win outright. If you go to a Vegas sportsbook, look on the board for the Rockets. Next to the team name, you'll see a number like +130 or -120. If it's a +, it means they are the underdog. For +130, you'd win $1.30 for every $1 you bet. A - means they are the favorite, so you win less. A -120 would mean you bet $1.20 to win $1.

Normally, a spread bet is -110, so you bet $1.10 to win $1. If one person bets on each side, the total bet is $2.20 between the two people. $2.10 is paid out to whoever wins, and the house makes $0.10.

 

It depends on what the (ex. +110 and -110)are. If you play the underdog to win straight up, the odds are lower so the payout is higher. That's called Moneyline.

Yesterday Memphis was favored to win by 5. If you bet $100 on the Rockets with the spread ,depending on the (+ and -) you probably would have won 85-90 dollars. Something like that.