Betting on sports is often invigorating, while allowing you to earn or lose a ton of money. However, if you ever enter the betting arena furnished with an in-depth comprehension of the correct betting strategy you’ll then win money no matter what the fate of the match. One important move which should be implemented is on how to read sports betting lines as this will help you to get the most out of your bet and also prevent you from losing more money than you should, in case the other team wins.
While betting on sports is not legal practically in most states in America, you possibly can still bet if you go online. You can practically bet on any sports such as football, basketball, baseball and even on car races and horse racing, be it college sports or even professional sports including those hosted by pros for example the NFL, NBA, and NHL. While sports betting lines differ in accordance with the sports, most have common features that mention 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. While it seems complicated, an example will help in simplifying the matter easily. For example, a Dallas against Pittsburgh football match could display the subsequent sports betting lines.
Dallas -11.5-130 -180
Pittsburgh +11.5-130 +220
38.5 ov-130 over under betting arbitrage
Firstly, the – sign next to Dallas signifies that it is the favored team to win whereas the + sign next to Pittsburgh signifies that they are the underdog. The next figure i.e. 11.5 on both lines signifies that the favored team has got to win and that too at the very least by 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 that you will have to bet in an effort to win $100 on that bet.
The last numbers on both the lines indicate the money line. If you’d like to bet on any team winning the match outright, then you need to bet on the money line. If you bet on the underdog then your risk is higher and you win extra money for a lower stake whereas when you bet for the favored team you’ll win a lesser prize while you’ll need 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 should they win the match but if Dallas win and you have betted with them then this stake of $180 will earn you a further $100.
The very last line indicates the over-under, i.e. 38.5. Hence, irrespective of which team wins, if the game finishes with 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 what amount you will need to bet to win $100 on such a bet.
You can start by gambling only on outright outcomes of each game or match before venturing on to gambling on spreads and over-under. The aforementioned sample is just an example that can make your entry into sports betting faster and easier. Once you know on the way to read sports betting lines you’ll be able to fine-tune your strategy to win huge amounts of money.